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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) Net Margin (2020 - 2026)

Ascend Wellness Holdings has reported Net Margin over the past 6 years, most recently at 40.4% for Q4 2025.

  • For Q4 2025, Net Margin fell 2806.0% year-over-year to 40.4%; the TTM value through Dec 2025 reached 23.61%, down 848.0%, while the annual FY2025 figure was 23.61%, 848.0% down from the prior year.
  • Net Margin for Q4 2025 was 40.4% at Ascend Wellness Holdings, down from 20.7% in the prior quarter.
  • Over five years, Net Margin peaked at 0.68% in Q2 2023 and troughed at 72.91% in Q1 2021.
  • A 5-year average of 21.76% and a median of 15.78% in 2023 define the central range for Net Margin.
  • Biggest five-year swings in Net Margin: tumbled -4141bps in 2021 and later surged 4022bps in 2022.
  • Year by year, Net Margin stood at 18.66% in 2021, then increased by 28bps to 13.43% in 2022, then decreased by -3bps to 13.8% in 2023, then grew by 11bps to 12.35% in 2024, then tumbled by -227bps to 40.4% in 2025.
  • Business Quant data shows Net Margin for AAWH at 40.4% in Q4 2025, 20.7% in Q3 2025, and 19.17% in Q2 2025.