Ascend Wellness Holdings (AAWH) EBITDA Margin (2020 - 2026)
Ascend Wellness Holdings (AAWH) posted EBITDA Margin of 20.88% for Q2 2026, up 7.66 percentage points from 13.22% a year earlier and up 3.07 percentage points from the prior quarter.
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Analysis
Ascend Wellness Holdings (AAWH) EBITDA Margin (2020 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, EBITDA Margin at Ascend Wellness Holdings was 13.51%, down 0.66 percentage points year-over-year; for FY2025, it came in at 11.29%, down 1.33 percentage points from FY2024.
- Annual EBITDA Margin shows a five-year change of -2.91 percentage points (FY2020 to FY2025).
- In prior years, Ascend Wellness Holdings' EBITDA Margin was 12.62% in FY2024 (+1.95 pp), 10.68% in FY2023 (+3.39 pp), 7.29% in FY2022 (+5.78 pp) and 1.51% in FY2021 (-12.69 pp).
- The Q2 2026 figure stands as the highest quarterly EBITDA Margin in data going back to Q1 2020.
- On a year-over-year basis, EBITDA Margin increased in six of the last eight quarters, with an average year-over-year change of +0.81 percentage points.
- The strongest year-over-year quarter for EBITDA Margin in the past five years was Q1 2022, with a gain of 33.20 percentage points; the weakest was Q4 2025, with a drop of 14.54 percentage points.
- According to Business Quant data, EBITDA Margin for the three prior quarters was 17.81% (Q1 2026), 2.79% (Q4 2025) and 12.38% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 308.32 Bn | 285.32 Bn | 7.85 Bn | 47.01% |
| 2 | British American Tobacco p.l.c | 133.26 Bn | 109.63 Bn | - | - |
| 3 | Altria | 126.98 Bn | 113.91 Bn | 3.94 Bn | 55.01% |
| 4 | Curaleaf Holdings | 2.49 Bn | 2.11 Bn | 170.48 Mn | 15.45% |
| 5 | Trulieve Cannabis | 2.22 Bn | 840.89 Mn | 162.29 Mn | -127.26% |
| 6 | RLX Technology | 1.99 Bn | -1.77 Bn | 52.74 Mn | - |
| 7 | Green Thumb Industries | 1.48 Bn | 244.63 Mn | 146.79 Mn | 22.57% |
| 8 | Cronos | 1.35 Bn | -1.92 Bn | 28.45 Mn | 15.27% |
| 9 | Turning Point Brands | 1.30 Bn | 409.51 Mn | 93.70 Mn | - |
| 10 | Ascend Wellness Holdings | 77.14 Mn | -223.72 Mn | 45.49 Mn | 20.88% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.88% |
| Mar 31, 2026 | 17.81% |
| Dec 31, 2025 | 2.79% |
| Sep 30, 2025 | 12.38% |
| Jun 30, 2025 | 13.22% |
| Mar 31, 2025 | 16.32% |
| Dec 31, 2024 | 17.33% |
| Sep 30, 2024 | 10.03% |
| Jun 30, 2024 | 10.00% |
| Mar 31, 2024 | 13.31% |
| Dec 31, 2023 | 10.96% |
| Sep 30, 2023 | 13.08% |
| Jun 30, 2023 | -0.54% |
| Mar 31, 2023 | 19.44% |
| Dec 31, 2022 | 14.87% |
| Sep 30, 2022 | 9.14% |
| Jun 30, 2022 | 7.81% |
| Mar 31, 2022 | -5.71% |
| Dec 31, 2021 | 5.42% |
| Sep 30, 2021 | 17.37% |
API Access
Ascend Wellness Holdings EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=AAWH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "AAWH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=AAWH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();