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Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Ascend Wellness Holdings (AAWH) Gross Margin (2020 - 2025)

Ascend Wellness Holdings has reported Gross Margin over the past 6 years, most recently at 37.43% for Q4 2025.

  • Quarterly results put Gross Margin at 37.43% for Q4 2025, up 297.0% from a year ago — trailing twelve months through Dec 2025 was 33.9% (up 110.0% YoY), and the annual figure for FY2025 was 33.9%, up 110.0%.
  • Gross Margin for Q4 2025 was 37.43% at Ascend Wellness Holdings, up from 34.96% in the prior quarter.
  • Over the last five years, Gross Margin for AAWH hit a ceiling of 44.86% in Q1 2021 and a floor of 23.03% in Q2 2023.
  • Median Gross Margin over the past 5 years was 33.87% (2022), compared with a mean of 34.1%.
  • Biggest five-year swings in Gross Margin: skyrocketed 1169bps in 2021 and later crashed -1730bps in 2022.
  • Ascend Wellness Holdings' Gross Margin stood at 34.84% in 2021, then rose by 6bps to 37.03% in 2022, then dropped by -8bps to 33.92% in 2023, then rose by 2bps to 34.46% in 2024, then grew by 9bps to 37.43% in 2025.
  • The last three reported values for Gross Margin were 37.43% (Q4 2025), 34.96% (Q3 2025), and 32.51% (Q2 2025) per Business Quant data.