Ascend Wellness Holdings (AAWH) Net Margin (2020 - 2026)
Ascend Wellness Holdings (AAWH) posted Net Margin of -7.78% for Q2 2026, up 11.40 percentage points from -19.17% a year earlier and up 17.45 percentage points from the prior quarter.
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Analysis
Ascend Wellness Holdings (AAWH) Net Margin (2020 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Net Margin at Ascend Wellness Holdings was -23.31%, down 6.66 percentage points year-over-year; for FY2025, it was -23.61%, down 8.48 percentage points from FY2024.
- Annual Net Margin shows a five-year change of -5.91 percentage points (FY2020 to FY2025).
- In prior years, Ascend Wellness Holdings' Net Margin was -15.13% in FY2024 (-5.84 pp), -9.30% in FY2023 (+10.63 pp), -19.93% in FY2022 (+16.97 pp) and -36.90% in FY2021 (-19.20 pp).
- The Q2 2026 figure stands as the highest quarterly Net Margin since Q2 2023.
- On a year-over-year basis, Net Margin increased in two of the last eight quarters, with an average year-over-year change of -5.53 percentage points.
- The strongest year-over-year quarter for Net Margin in the past five years was Q1 2022, with a gain of 40.22 percentage points; the weakest was Q4 2025, with a drop of 28.06 percentage points.
- According to Business Quant data, Net Margin for the three prior quarters was -25.22% (Q1 2026), -40.40% (Q4 2025) and -20.70% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.31 Bn | 283.88 Bn | 7.66 Bn | 25.17% |
| 2 | British American Tobacco p.l.c | 126.84 Bn | 105.99 Bn | - | - |
| 3 | Altria | 114.73 Bn | 100.93 Bn | 3.82 Bn | 37.60% |
| 4 | Curaleaf Holdings | 2.84 Bn | 2.44 Bn | 169.91 Mn | 3.68% |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | 21.89% |
| 6 | Trulieve Cannabis | 2.39 Bn | 1.00 Bn | 162.29 Mn | -149.83% |
| 7 | Green Thumb Industries | 1.49 Bn | 344.56 Mn | 137.87 Mn | 1.59% |
| 8 | Cronos | 1.25 Bn | -1.97 Bn | 28.45 Mn | 45.45% |
| 9 | Turning Point Brands | 1.21 Bn | 336.94 Mn | 93.70 Mn | 2.52% |
| 10 | Ascend Wellness Holdings | 259.90 Mn | -40.14 Mn | 45.49 Mn | -7.78% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -7.78% |
| Mar 31, 2026 | -25.22% |
| Dec 31, 2025 | -40.40% |
| Sep 30, 2025 | -20.70% |
| Jun 30, 2025 | -19.17% |
| Mar 31, 2025 | -15.05% |
| Dec 31, 2024 | -12.35% |
| Sep 30, 2024 | -19.95% |
| Jun 30, 2024 | -15.39% |
| Mar 31, 2024 | -12.75% |
| Dec 31, 2023 | -13.80% |
| Sep 30, 2023 | -7.96% |
| Jun 30, 2023 | 0.68% |
| Mar 31, 2023 | -16.18% |
| Dec 31, 2022 | -13.43% |
| Sep 30, 2022 | -15.16% |
| Jun 30, 2022 | -21.72% |
| Mar 31, 2022 | -32.69% |
| Dec 31, 2021 | -18.66% |
| Sep 30, 2021 | -13.80% |
API Access
Ascend Wellness Holdings Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=AAWH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "AAWH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=AAWH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();