Ascend Wellness Holdings (AAWH) FCF Margin (2020 - 2026)

Ascend Wellness Holdings (AAWH) recorded quarterly FCF Margin of 21.03% in Q1 2026, down 369.06% quarter-over-quarter from 7.82% in Q4 2025, and down 2259.0% on a YoY basis from 0.97% in Q1 2025.

Ascend Wellness Holdings (AAWH) FCF Margin (2020 - 2026) Analysis & Trends

Ascend Wellness Holdings' FCF Margin history runs 7 years deep, the most recent figure standing at 21.03% for Q1 2026.

  • In Q1 2026, FCF Margin fell 2259.0% year-over-year to 21.03%; the TTM figure through Mar 2026 stood at 2.97% (down 1270.0% YoY), while the FY2025 annual figure was 2.41%, down 663.0% from the prior year.
  • FCF Margin was 21.03% for Q1 2026 at Ascend Wellness Holdings, down from 7.82% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 19.77% in Q2 2023 to a low of 24.61% in Q1 2022.
  • Historically, FCF Margin has averaged 0.97% across 5 years, with a median of 1.54% in 2023.
  • The sharpest annual moves came in 2022 and 2025: FCF Margin jumped 7118 bps in 2022, then slumped 2261 bps in 2025.
  • A 5-year view of FCF Margin shows it stood at 13.85% in 2022, then jumped by 92 bps to 1.05% in 2023, then jumped by 1189 bps to 11.48% in 2024, then sank by 32 bps to 7.82% in 2025, then tumbled by 369 bps to 21.03% in 2026.
  • The last three FCF Margin figures came in at 21.03% (Q1 2026), 7.82% (Q4 2025), and 14.47% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Teva Pharmaceutical Industries 39.72 Bn 35.98 Bn 1.97 Bn -5.22%
2 Zoetis 34.61 Bn 32.67 Bn 1.62 Bn 12.86%
3 United Therapeutics 24.07 Bn 21.91 Bn 648.10 Mn 46.39%
4 Aurora Cannabis 16.98 Bn 16.91 Bn 33.43 Mn -
5 Neurocrine Biosciences 16.64 Bn 15.32 Bn 800.70 Mn 16.78%
6 Elanco Animal Health 12.19 Bn 11.76 Bn 785.00 Mn -2.77%
7 Alkermes 7.37 Bn 6.86 Bn -116.06 Mn -429.96%
8 Hims & Hers Health 6.62 Bn 5.87 Bn 396.79 Mn 13.24%
9 Lantheus Holdings 6.47 Bn 5.97 Bn 230.92 Mn 32.62%
10 Ascend Wellness Holdings - - 44.88 Mn -21.03%

Historic Data

Download Data
DateValue
Mar 31, 2026 -21.03%
Dec 31, 2025 7.82%
Sep 30, 2025 -14.47%
Jun 30, 2025 14.68%
Mar 31, 2025 1.56%
Dec 31, 2024 11.48%
Sep 30, 2024 8.14%
Jun 30, 2024 17.05%
Mar 31, 2024 -0.36%
Dec 31, 2023 -1.05%
Sep 30, 2023 18.75%
Jun 30, 2023 19.77%
Mar 31, 2023 1.54%
Dec 31, 2022 -13.85%
Sep 30, 2022 -0.26%
Jun 30, 2022 -8.60%
Mar 31, 2022 -24.61%
Dec 31, 2021 -41.76%
Sep 30, 2021 -71.44%
Jun 30, 2021 -8.85%