Ascend Wellness Holdings (AAWH) Gross Margin (2020 - 2026)
Ascend Wellness Holdings (AAWH) posted quarterly Gross Margin of 38.38% for Q1 2026, up 747.0% year-over-year from 4.53% in Q1 2025, and up 2.53% quarter-over-quarter from 37.43% in Q4 2025.
Ascend Wellness Holdings (AAWH) Gross Margin (2020 - 2026) Analysis & Trends
Ascend Wellness Holdings' Gross Margin history runs 7 years deep, the most recent figure standing at 38.38% for Q1 2026.
- In Q1 2026, Gross Margin rose 747.0% year-over-year to 38.38%; the TTM figure through Mar 2026 stood at 35.75% (up 436.0% YoY), while the FY2025 annual figure was 33.9%, up 110.0% from the prior year.
- Gross Margin for Q1 2026 stood at 38.38%, up from 37.43% 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.
- The 5-year median for Gross Margin is 32.93% (2022), against an average of 32.7%.
- The sharpest annual moves came in 2022 and 2026: Gross Margin sank 1730 bps in 2022, then surged 747 bps in 2026.
- Ascend Wellness Holdings' Gross Margin stood at 37.03% in 2022, then decreased by 8 bps to 33.92% in 2023, then gained by 2 bps to 34.46% in 2024, then increased by 9 bps to 37.43% in 2025, then gained by 3 bps to 38.38% in 2026.
- Business Quant data shows AAWH's Gross Margin at 38.38% in Q1 2026, 37.43% in Q4 2025, and 34.96% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Haleon | 43.85 Bn | 42.88 Bn | - | - |
| 2 | Teva Pharmaceutical Industries | 43.02 Bn | 39.37 Bn | 2.15 Bn | 51.98% |
| 3 | Zoetis | 31.47 Bn | 29.79 Bn | 1.05 Bn | 42.63% |
| 4 | Takeda Pharmaceutical | 28.59 Bn | 22.79 Bn | 5.10 Bn | 66.66% |
| 5 | United Therapeutics | 22.20 Bn | 19.53 Bn | 683.80 Mn | 87.30% |
| 6 | Viatris | 18.76 Bn | 17.87 Bn | 1.46 Bn | 38.77% |
| 7 | Neurocrine Biosciences | 15.45 Bn | 15.06 Bn | 935.80 Mn | 97.58% |
| 8 | Elanco Animal Health | 11.76 Bn | 11.23 Bn | 798.00 Mn | 58.33% |
| 9 | Dr Reddys Laboratories | 10.10 Bn | 9.94 Bn | - | - |
| 10 | Ascend Wellness Holdings | 95.41 Mn | 28.41 Mn | 45.49 Mn | 36.07% |
Historic Data
Download 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% |