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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 - 2026)

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

  • For Q4 2025, Gross Margin rose 297.0% year-over-year to 37.43%; the TTM value through Dec 2025 reached 33.9%, up 110.0%, while the annual FY2025 figure was 33.9%, 110.0% up from the prior year.
  • Gross Margin for Q4 2025 was 37.43% at Ascend Wellness Holdings, up from 34.96% in the prior quarter.
  • Over five years, Gross Margin peaked at 44.86% in Q1 2021 and troughed at 23.03% in Q2 2023.
  • A 5-year average of 34.1% and a median of 33.87% in 2022 define the central range for Gross Margin.
  • Biggest five-year swings in Gross Margin: surged 1169bps in 2021 and later plummeted -1730bps in 2022.
  • Year by year, Gross Margin stood at 34.84% in 2021, then grew by 6bps to 37.03% in 2022, then decreased by -8bps to 33.92% in 2023, then grew by 2bps to 34.46% in 2024, then increased by 9bps to 37.43% in 2025.
  • Business Quant data shows Gross Margin for AAWH at 37.43% in Q4 2025, 34.96% in Q3 2025, and 32.51% in Q2 2025.