Ascend Wellness Holdings (AAWH) EV to FCF (2023 - 2025)
Ascend Wellness Holdings' EV to FCF came in at 5.21 for Q4 2025, compared with -0.15 a year earlier and up 220.0% from the prior quarter.
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Analysis
Ascend Wellness Holdings (AAWH) EV to FCF (2023 - 2025) Analysis & Trends
Going back to Q3 2023, Ascend Wellness Holdings' EV to FCF data covers 10 quarters.
- Going back by year, EV to FCF was -0.15 in FY2024 and 2.63 in FY2023.
- The Q4 2025 figure represents the highest quarterly EV to FCF since Q3 2023.
- Business Quant data shows AAWH's EV to FCF at 1.63 (Q3 2025), -0.77 (Q2 2025) and -0.51 (Q1 2025) in the three quarters before Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Philip Morris International | 297.66 Bn | 279.23 Bn | 7.66 Bn |
| 2 | British American Tobacco p.l.c | 125.80 Bn | 104.94 Bn | - |
| 3 | Altria | 112.42 Bn | 98.63 Bn | 3.82 Bn |
| 4 | Curaleaf Holdings | 2.73 Bn | 2.33 Bn | 169.91 Mn |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn |
| 6 | Trulieve Cannabis | 2.10 Bn | 712.57 Mn | 162.29 Mn |
| 7 | Green Thumb Industries | 1.33 Bn | 184.54 Mn | 137.87 Mn |
| 8 | Cronos | 1.22 Bn | -2.00 Bn | 28.45 Mn |
| 9 | Turning Point Brands | 1.18 Bn | 308.67 Mn | 93.70 Mn |
| 10 | Ascend Wellness Holdings | 227.42 Mn | -72.63 Mn | 45.49 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 5.21 |
| Sep 30, 2025 | 1.63 |
| Jun 30, 2025 | -0.77 |
| Mar 31, 2025 | -0.51 |
| Dec 31, 2024 | -0.15 |
| Sep 30, 2024 | 3.04 |
| Jun 30, 2024 | 1.65 |
| Mar 31, 2024 | 3.03 |
| Dec 31, 2023 | 1.78 |
| Sep 30, 2023 | 5.42 |
API Access
Ascend Wellness Holdings EV to FCF 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=ev-to-fcf&ticker=AAWH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "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=ev-to-fcf&ticker=AAWH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();