Ascend Wellness Holdings (AAWH) Operating Margin (2020 - 2026)
Ascend Wellness Holdings (AAWH) reported Operating Margin of 4.19% for Q2 2026, up 4.97 percentage points from -0.79% a year earlier and up 2.01 percentage points from the prior quarter.
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Analysis
Ascend Wellness Holdings (AAWH) Operating Margin (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Ascend Wellness Holdings' Operating Margin came in at -2.18%, down 3.15 percentage points year-over-year; for FY2025, it was -3.40%, down 4.24 percentage points from FY2024.
- Operating Margin has a five-year change of -8.86 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at 0.84% in FY2024 (+1.54 pp), -0.70% in FY2023 (+1.16 pp), -1.85% in FY2022 (+3.32 pp) and -5.18% in FY2021 (-10.64 pp).
- The Q2 2026 figure ranks as the highest quarterly Operating Margin since Q4 2024.
- Year over year, Operating Margin gained in six of the last eight quarters, with an average year-over-year change of -1.57 percentage points.
- The high point for year-over-year Operating Margin in five years was Q1 2022 (a gain of 31.00 percentage points); the low point was Q4 2025 (a drop of 18.73 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 2.18% (Q1 2026), -14.24% (Q4 2025) and -1.06% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.31 Bn | 283.88 Bn | 7.66 Bn | 40.48% |
| 2 | British American Tobacco p.l.c | 126.84 Bn | 105.99 Bn | - | - |
| 3 | Altria | 114.73 Bn | 100.93 Bn | 3.82 Bn | 51.32% |
| 4 | Curaleaf Holdings | 2.84 Bn | 2.44 Bn | 169.91 Mn | 1.24% |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | 12.90% |
| 6 | Trulieve Cannabis | 2.39 Bn | 1.00 Bn | 162.29 Mn | -136.75% |
| 7 | Green Thumb Industries | 1.49 Bn | 344.56 Mn | 137.87 Mn | 6.51% |
| 8 | Cronos | 1.25 Bn | -1.97 Bn | 28.45 Mn | 10.49% |
| 9 | Turning Point Brands | 1.21 Bn | 336.94 Mn | 93.70 Mn | 11.69% |
| 10 | Ascend Wellness Holdings | 259.90 Mn | -40.14 Mn | 45.49 Mn | 4.19% |
Historic Data
Download Data
Historic 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% |
API Access
Ascend Wellness Holdings Operating 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=operating-margin&ticker=AAWH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=AAWH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();