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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) Operating Margin (2020 - 2026)

Ascend Wellness Holdings has reported Operating Margin over the past 6 years, most recently at 14.24% for Q4 2025.

  • For Q4 2025, Operating Margin fell 1873.0% year-over-year to 14.24%; the TTM value through Dec 2025 reached 3.4%, down 424.0%, while the annual FY2025 figure was 3.4%, 424.0% down from the prior year.
  • Operating Margin for Q4 2025 was 14.24% at Ascend Wellness Holdings, down from 1.06% in the prior quarter.
  • Over five years, Operating Margin peaked at 12.3% in Q3 2021 and troughed at 48.37% in Q1 2021.
  • A 5-year average of 2.86% and a median of 0.2% in 2022 define the central range for Operating Margin.
  • Biggest five-year swings in Operating Margin: crashed -3882bps in 2021 and later surged 3100bps in 2022.
  • Year by year, Operating Margin stood at 0.83% in 2021, then soared by 681bps to 4.8% in 2022, then plummeted by -92bps to 0.4% in 2023, then soared by 1014bps to 4.48% in 2024, then tumbled by -418bps to 14.24% in 2025.
  • Business Quant data shows Operating Margin for AAWH at 14.24% in Q4 2025, 1.06% in Q3 2025, and 0.79% in Q2 2025.