Ascend Wellness Holdings (AAWH) Gross Margin (2020 - 2026)
Ascend Wellness Holdings (AAWH) posted Gross Margin of 36.07% for Q2 2026, down 6.02% on a QoQ basis from 38.38% in Q1 2026, and up 356.0% year-over-year from 7.91% in Q2 2025.
Analysis
Ascend Wellness Holdings (AAWH) Gross Margin (2020 - 2026) Analysis & Trends
Ascend Wellness Holdings has reported Gross Margin for 7 years, with the latest figure at 36.07% in Q2 2026.
- On a quarterly basis, Gross Margin rose 356.0% year-over-year to 36.07% in Q2 2026; TTM through Jun 2026 was 36.68%, a 449.0% increase from a year earlier, with the FY2025 full-year figure at 33.9%, up 110.0% from the prior year.
- Gross Margin was 36.07% for Q2 2026 at Ascend Wellness Holdings, down from 38.38% in the prior quarter.
- The five-year high for Gross Margin was 38.38% in Q1 2026, with the low at 23.03% in Q2 2023.
- Average Gross Margin over 5 years is 32.88%, with a median of 33.37% recorded in 2022.
- The sharpest annual moves came in 2022 and 2026: Gross Margin sank 1730 bps in 2022, then jumped 747 bps in 2026.
- Over 5 years, Gross Margin stood at 37.03% in 2022, then dropped by 8 bps to 33.92% in 2023, then climbed by 2 bps to 34.46% in 2024, then gained by 9 bps to 37.43% in 2025, then decreased by 4 bps to 36.07% in 2026.
- The last three Gross Margin figures came in at 36.07% (Q2 2026), 38.38% (Q1 2026), and 37.43% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Curaleaf Holdings | 2.66 Bn | 2.56 Bn | 169.91 Mn | 49.96% |
| 2 | Trulieve Cannabis | 2.27 Bn | 1.94 Bn | 162.29 Mn | 59.90% |
| 3 | Green Thumb Industries | 1.71 Bn | 1.42 Bn | 137.87 Mn | 44.96% |
| 4 | Cronos | 1.18 Bn | 379.85 Mn | 28.45 Mn | 40.30% |
| 5 | Glass House Brands | 666.14 Mn | 647.59 Mn | 15.77 Mn | 33.54% |
| 6 | Vireo Growth | 545.10 Mn | 402.80 Mn | 95.30 Mn | 45.53% |
| 7 | Tilray Brands | 470.81 Mn | 236.18 Mn | 90.52 Mn | 32.13% |
| 8 | Verano Holdings | 434.44 Mn | 349.24 Mn | 99.70 Mn | 45.75% |
| 9 | Canopy Growth | 406.26 Mn | 159.25 Mn | 16.08 Mn | 22.16% |
| 10 | Ascend Wellness Holdings | 93.59 Mn | 26.59 Mn | 45.49 Mn | 36.07% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 36.07% |
| Mar 31, 2026 | 38.38% |
| Dec 31, 2025 | 37.43% |
| Sep 30, 2025 | 34.96% |
| Jun 30, 2025 | 32.51% |
| Mar 31, 2025 | 30.91% |
| Dec 31, 2024 | 34.46% |
| Sep 30, 2024 | 30.87% |
| Jun 30, 2024 | 29.37% |
| Mar 31, 2024 | 36.54% |
| Dec 31, 2023 | 33.92% |
| Sep 30, 2023 | 30.83% |
| Jun 30, 2023 | 23.03% |
| Mar 31, 2023 | 31.27% |
| Dec 31, 2022 | 37.03% |
| Sep 30, 2022 | 32.93% |
| Jun 30, 2022 | 33.81% |
| Mar 31, 2022 | 27.56% |
| Dec 31, 2021 | 34.84% |
| Sep 30, 2021 | 43.39% |