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

Ascend Wellness Holdings' (AAWH) quarterly FCF Margin came in at 21.03% in Q1 2026, down 2259.0% year-on-year from 0.97% in Q1 2025, and down 176.17% quarter-over-quarter from 27.61% in Q4 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.

  • On a quarterly basis, FCF Margin fell 2259.0% year-over-year to 21.03% in Q1 2026; TTM through Mar 2026 was 1.9%, a 707.0% decrease from a year earlier, with the FY2025 full-year figure at 7.17%, down 187.0% from the prior year.
  • FCF Margin fell to 21.03% in Q1 2026 per AAWH's latest filing, from 27.61% in the prior quarter.
  • Across five years, FCF Margin topped out at 27.61% in Q4 2025 and bottomed at 21.03% in Q1 2026.
  • The 5-year median for FCF Margin is 2.57% (2024), against an average of 3.09%.
  • Biggest YoY gain for FCF Margin was 7527 bps in 2022; the steepest drop was 6104 bps in 2022.
  • Year by year, FCF Margin stood at 20.59% in 2022, then jumped by 159 bps to 12.15% in 2023, then dropped by 19 bps to 9.85% in 2024, then surged by 180 bps to 27.61% in 2025, then tumbled by 176 bps to 21.03% in 2026.
  • Per Business Quant, the three latest AAWH FCF Margin figures stand at 21.03% (Q1 2026), 27.61% (Q4 2025), and 6.78% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Haleon 89.28 Bn 87.42 Bn - -
2 Teva Pharmaceutical Industries 35.97 Bn 32.23 Bn 1.97 Bn -5.22%
3 Zoetis 32.42 Bn 30.48 Bn 1.62 Bn 12.86%
4 Takeda Pharmaceutical 27.48 Bn 23.42 Bn 4.39 Bn -5.35%
5 United Therapeutics 22.89 Bn 20.73 Bn 648.10 Mn 46.54%
6 RedHill Biopharma 22.11 Bn 22.11 Bn - -
7 Viatris 20.44 Bn 18.64 Bn 1.16 Bn 9.93%
8 Neurocrine Biosciences 17.76 Bn 16.44 Bn 800.70 Mn 17.73%
9 Elanco Animal Health 12.62 Bn 12.19 Bn 785.00 Mn -2.77%
10 Ascend Wellness Holdings 78.95 Mn 18.03 Mn 44.88 Mn -21.03%

Historic Data

Download Data
DateValue
Mar 31, 2026 -21.03%
Dec 31, 2025 27.61%
Sep 30, 2025 -6.78%
Jun 30, 2025 7.13%
Mar 31, 2025 1.56%
Dec 31, 2024 9.85%
Sep 30, 2024 1.01%
Jun 30, 2024 22.80%
Mar 31, 2024 2.57%
Dec 31, 2023 12.15%
Sep 30, 2023 18.75%
Jun 30, 2023 16.77%
Mar 31, 2023 4.77%
Dec 31, 2022 -20.59%
Sep 30, 2022 -1.07%
Jun 30, 2022 -10.53%
Mar 31, 2022 -12.46%
Dec 31, 2021 40.45%
Sep 30, 2021 -76.34%
Jun 30, 2021 12.01%