Ascend Wellness Holdings (AAWH) Operating Margin (2020 - 2026)
Ascend Wellness Holdings (AAWH) posted quarterly Operating Margin of 2.18% for Q1 2026, up 24.0% year-over-year from 1.76% in Q1 2025, and up 115.29% quarter-over-quarter from 14.24% in Q4 2025.
Ascend Wellness Holdings (AAWH) Operating Margin (2020 - 2026) Analysis & Trends
Ascend Wellness Holdings' Operating Margin history runs 7 years deep, the most recent figure standing at 2.18% for Q1 2026.
- In Q1 2026, Operating Margin rose 24.0% year-over-year to 2.18%; the TTM figure through Mar 2026 stood at 3.46% (down 431.0% YoY), while the FY2025 annual figure was 3.4%, down 424.0% from the prior year.
- Operating Margin for Q1 2026 stood at 2.18%, up from 14.24% in the prior quarter.
- The five-year high for Operating Margin was 4.8% in Q4 2022, with the low at 17.37% in Q1 2022.
- The 5-year median for Operating Margin is 0.22% (2023), against an average of 1.34%.
- The sharpest annual moves came in 2022 and 2025: Operating Margin jumped 3100 bps in 2022, then plunged 1873 bps in 2025.
- Ascend Wellness Holdings' Operating Margin stood at 4.8% in 2022, then tumbled by 92 bps to 0.4% in 2023, then soared by 1014 bps to 4.48% in 2024, then plunged by 418 bps to 14.24% in 2025, then jumped by 115 bps to 2.18% in 2026.
- Business Quant data shows AAWH's Operating Margin at 2.18% in Q1 2026, 14.24% in Q4 2025, and 1.06% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Haleon | 43.98 Bn | 43.02 Bn | - | - |
| 2 | Teva Pharmaceutical Industries | 43.07 Bn | 39.42 Bn | 2.15 Bn | -5.58% |
| 3 | Zoetis | 31.53 Bn | 29.85 Bn | 1.05 Bn | 33.91% |
| 4 | Takeda Pharmaceutical | 28.60 Bn | 22.80 Bn | 5.10 Bn | 16.51% |
| 5 | United Therapeutics | 22.13 Bn | 19.47 Bn | 683.80 Mn | 42.23% |
| 6 | Viatris | 18.75 Bn | 17.86 Bn | 1.46 Bn | 0.17% |
| 7 | Neurocrine Biosciences | 15.53 Bn | 15.14 Bn | 935.80 Mn | 15.80% |
| 8 | Elanco Animal Health | 11.69 Bn | 11.16 Bn | 798.00 Mn | 18.13% |
| 9 | Dr Reddys Laboratories | 10.13 Bn | 9.97 Bn | - | - |
| 10 | Ascend Wellness Holdings | 98.46 Mn | 31.46 Mn | 45.49 Mn | 4.19% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.19% |
| Mar 31, 2026 | 2.18% |
| Dec 31, 2025 | -14.24% |
| Sep 30, 2025 | -1.06% |
| Jun 30, 2025 | -0.79% |
| Mar 31, 2025 | 1.94% |
| Dec 31, 2024 | 4.48% |
| Sep 30, 2024 | -1.71% |
| Jun 30, 2024 | -1.08% |
| Mar 31, 2024 | 1.81% |
| Dec 31, 2023 | 0.40% |
| Sep 30, 2023 | 2.51% |
| Jun 30, 2023 | -6.49% |
| Mar 31, 2023 | 0.22% |
| Dec 31, 2022 | 4.80% |
| Sep 30, 2022 | 2.23% |
| Jun 30, 2022 | -0.62% |
| Mar 31, 2022 | -17.37% |
| Dec 31, 2021 | -0.83% |
| Sep 30, 2021 | 12.30% |