Ascend Wellness Holdings (AAWH) EV to EBITDA (2021 - 2026)
Ascend Wellness Holdings (AAWH) posted EV to EBITDA of 25.92 for Q2 2026, up 77.14% on a QoQ basis from 14.63 in Q1 2026, and down 11.62% year-over-year from 29.33 in Q2 2025.
Analysis
Ascend Wellness Holdings (AAWH) EV to EBITDA (2021 - 2026) Analysis & Trends
Ascend Wellness Holdings has reported EV to EBITDA for 6 years, with the latest figure at 25.92 in Q2 2026.
- On a quarterly basis, EV to EBITDA fell 11.62% year-over-year to 25.92 in Q2 2026; TTM through Jun 2026 was 12.83, a 125.45% decrease from a year earlier, with the FY2025 full-year figure at 3.69, down 133.79% from the prior year.
- EV to EBITDA was 25.92 for Q2 2026 at Ascend Wellness Holdings, up from 14.63 in the prior quarter.
- The five-year high for EV to EBITDA was 411.36 in Q1 2023, with the low at 362.71 in Q2 2022.
- Average EV to EBITDA over 5 years is 20.97, with a median of 6.7 recorded in 2024.
- The sharpest annual moves came in 2023 and 2024: EV to EBITDA surged 1197.39% in 2023, then sank 895.39% in 2024.
- Over 5 years, EV to EBITDA stood at 26.41 in 2022, then surged by 802.15% to 238.24 in 2023, then sank by 100.51% to 1.23 in 2024, then tumbled by 198.36% to 3.66 in 2025, then surged by 809.18% to 25.92 in 2026.
- The last three EV to EBITDA figures came in at 25.92 (Q2 2026), 14.63 (Q1 2026), and 3.66 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Curaleaf Holdings | 2.66 Bn | 2.56 Bn | 169.91 Mn |
| 2 | Trulieve Cannabis | 2.27 Bn | 1.94 Bn | 162.29 Mn |
| 3 | Green Thumb Industries | 1.71 Bn | 1.42 Bn | 137.87 Mn |
| 4 | Cronos | 1.18 Bn | 379.85 Mn | 28.45 Mn |
| 5 | Glass House Brands | 666.14 Mn | 647.59 Mn | 15.77 Mn |
| 6 | Vireo Growth | 545.10 Mn | 402.80 Mn | 95.30 Mn |
| 7 | Tilray Brands | 470.81 Mn | 236.18 Mn | 90.52 Mn |
| 8 | Verano Holdings | 434.44 Mn | 349.24 Mn | 99.70 Mn |
| 9 | Canopy Growth | 406.26 Mn | 159.25 Mn | 16.08 Mn |
| 10 | Ascend Wellness Holdings | 93.59 Mn | 26.59 Mn | 45.49 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.92 |
| Mar 31, 2026 | 14.63 |
| Dec 31, 2025 | -3.66 |
| Sep 30, 2025 | -40.27 |
| Jun 30, 2025 | 29.33 |
| Mar 31, 2025 | -11.01 |
| Dec 31, 2024 | -1.23 |
| Sep 30, 2024 | -46.96 |
| Jun 30, 2024 | -73.53 |
| Mar 31, 2024 | 78.05 |
| Dec 31, 2023 | 238.24 |
| Sep 30, 2023 | 36.55 |
| Jun 30, 2023 | -7.39 |
| Mar 31, 2023 | 411.36 |
| Dec 31, 2022 | 26.41 |
| Sep 30, 2022 | 101.22 |
| Jun 30, 2022 | -362.71 |
| Mar 31, 2022 | -37.49 |
| Dec 31, 2021 | -1,329.47 |
| Sep 30, 2021 | 121.40 |