Ascend Wellness Holdings (AAWH) Net Margin (2020 - 2026)
Ascend Wellness Holdings' (AAWH) quarterly Net Margin came in at 25.22% in Q1 2026, down 1018.0% year-on-year from 2.75% in Q1 2025, and up 37.57% quarter-over-quarter from 40.4% in Q4 2025.
Ascend Wellness Holdings (AAWH) Net Margin (2020 - 2026) Analysis & Trends
Ascend Wellness Holdings' Net Margin history runs 7 years deep, the most recent figure standing at 25.22% for Q1 2026.
- On a quarterly basis, Net Margin fell 1018.0% year-over-year to 25.22% in Q1 2026; TTM through Mar 2026 was 26.24%, a 1050.0% decrease from a year earlier, with the FY2025 full-year figure at 23.61%, down 848.0% from the prior year.
- Net Margin advanced to 25.22% in Q1 2026 per AAWH's latest filing, from 40.4% in the prior quarter.
- Across five years, Net Margin topped out at 0.68% in Q2 2023 and bottomed at 40.4% in Q4 2025.
- The 5-year median for Net Margin is 15.39% (2024), against an average of 17.72%.
- Across the five-year window, Net Margin jumped 4022 bps in 2022 and slumped 2806 bps in 2025, its largest moves.
- Year by year, Net Margin stood at 13.43% in 2022, then slipped by 3 bps to 13.8% in 2023, then advanced by 11 bps to 12.35% in 2024, then tumbled by 227 bps to 40.4% in 2025, then jumped by 38 bps to 25.22% in 2026.
- Per Business Quant, the three latest AAWH Net Margin figures stand at 25.22% (Q1 2026), 40.4% (Q4 2025), and 20.7% (Q3 2025).
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Haleon | 89.46 Bn | 87.60 Bn | - | - |
| 2 | Teva Pharmaceutical Industries | 35.94 Bn | 32.20 Bn | 1.97 Bn | 9.29% |
| 3 | Zoetis | 32.46 Bn | 30.52 Bn | 1.62 Bn | 26.57% |
| 4 | Takeda Pharmaceutical | 27.54 Bn | 23.48 Bn | 4.39 Bn | -33.66% |
| 5 | United Therapeutics | 22.98 Bn | 20.82 Bn | 648.10 Mn | 35.18% |
| 6 | RedHill Biopharma | 22.11 Bn | 22.11 Bn | - | - |
| 7 | Viatris | 20.38 Bn | 18.57 Bn | 1.16 Bn | 5.03% |
| 8 | Neurocrine Biosciences | 17.76 Bn | 16.45 Bn | 800.70 Mn | 24.30% |
| 9 | Elanco Animal Health | 12.67 Bn | 12.24 Bn | 785.00 Mn | 4.16% |
| 10 | Ascend Wellness Holdings | 78.95 Mn | 18.03 Mn | 44.88 Mn | -25.22% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | -53.85% |