Ascend Wellness Holdings (AAWH) Operating Margin (2020 - 2026)

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 was 2.18% for Q1 2026 at Ascend Wellness Holdings, up from 14.24% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 4.8% in Q4 2022 to a low of 17.37% in Q1 2022.
• Historically, Operating Margin has averaged 1.34% across 5 years, with a median of 0.22% in 2023.
• The sharpest annual moves came in 2022 and 2025: Operating Margin surged 3100 bps in 2022, then sank 1873 bps in 2025.
• A 5-year view of Operating Margin shows it stood at 4.8% in 2022, then plunged by 92 bps to 0.4% in 2023, then jumped by 1014 bps to 4.48% in 2024, then sank by 418 bps to 14.24% in 2025, then surged by 115 bps to 2.18% in 2026.
• The last three Operating Margin figures came in at 2.18% (Q1 2026), 14.24% (Q4 2025), and 1.06% (Q3 2025), per Business Quant data.