Ascend Wellness Holdings (AAWH) FCF Margin (2020 - 2026)
Ascend Wellness Holdings' FCF Margin was 13.22% in Q2 2026, up 4.14 percentage points from 9.08% a year earlier and up 34.25 percentage points from the prior quarter.
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Analysis
Ascend Wellness Holdings (AAWH) FCF Margin (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, Ascend Wellness Holdings' FCF Margin was -1.42% through Jun 30, 2026, down 8.59 percentage points year-over-year; for FY2025, it was 2.41%, down 6.63 percentage points from FY2024.
- FCF Margin shows a five-year change of +24.96 percentage points (FY2020 to FY2025).
- In earlier years, FCF Margin was 9.04% in FY2024 (-0.81 pp), 9.85% in FY2023 (+39.41 pp), -29.56% in FY2022 (+9.60 pp) and -39.16% in FY2021 (-16.60 pp).
- The Q2 2026 figure marks the highest quarterly FCF Margin since Q4 2024.
- Compared with a year earlier, FCF Margin was higher in three of the last eight quarters, with an average year-over-year change of -6.85 percentage points.
- The best year-over-year quarter for FCF Margin over five years was Q2 2023 (a gain of 53.97 percentage points); the worst was Q4 2021 (a drop of 25.75 percentage points).
- Per Business Quant data, AAWH's FCF Margin in the three quarters before Q2 2026 was -21.03% (Q1 2026), 7.82% (Q4 2025) and -6.78% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 308.32 Bn | 285.32 Bn | 7.85 Bn | 43.45% |
| 2 | British American Tobacco p.l.c | 133.26 Bn | 109.63 Bn | - | - |
| 3 | Altria | 126.98 Bn | 113.91 Bn | 3.94 Bn | 48.91% |
| 4 | Curaleaf Holdings | 2.49 Bn | 2.11 Bn | 170.48 Mn | 1.40% |
| 5 | Trulieve Cannabis | 2.22 Bn | 840.89 Mn | 162.29 Mn | 11.86% |
| 6 | RLX Technology | 1.99 Bn | -1.77 Bn | 52.74 Mn | -6.26% |
| 7 | Green Thumb Industries | 1.48 Bn | 244.63 Mn | 146.79 Mn | 11.72% |
| 8 | Cronos | 1.35 Bn | -1.92 Bn | 28.45 Mn | 31.55% |
| 9 | Turning Point Brands | 1.30 Bn | 409.51 Mn | 93.70 Mn | 18.35% |
| 10 | Ascend Wellness Holdings | 77.14 Mn | -223.72 Mn | 45.49 Mn | 13.22% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.22% |
| Mar 31, 2026 | -21.03% |
| Dec 31, 2025 | 7.82% |
| Sep 30, 2025 | -6.78% |
| Jun 30, 2025 | 9.08% |
| Mar 31, 2025 | -0.38% |
| Dec 31, 2024 | 22.16% |
| Sep 30, 2024 | -2.12% |
| Jun 30, 2024 | 19.00% |
| Mar 31, 2024 | -2.30% |
| Dec 31, 2023 | 11.89% |
| Sep 30, 2023 | 19.46% |
| Jun 30, 2023 | 20.65% |
| Mar 31, 2023 | 5.06% |
| Dec 31, 2022 | -31.00% |
| Sep 30, 2022 | -29.03% |
| Jun 30, 2022 | -33.32% |
| Mar 31, 2022 | -24.04% |
| Dec 31, 2021 | -41.76% |
| Sep 30, 2021 | -26.61% |
API Access
Ascend Wellness Holdings FCF 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=fcf-margin&ticker=AAWH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=AAWH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();