Ascend Wellness Holdings (AAWH) Return on Invested Capital [ROIC] (2021 - 2026)
Ascend Wellness Holdings' Return on Invested Capital [ROIC] was -4.65% in Q2 2026, down 6.00 percentage points from 1.35% a year earlier but up 2.41 percentage points from the prior quarter.
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Analysis
Ascend Wellness Holdings (AAWH) Return on Invested Capital [ROIC] (2021 - 2026) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at Ascend Wellness Holdings came in at -5.55%, down 6.72 percentage points from FY2024.
- Return on Invested Capital [ROIC] shows a four-year change of -0.26 percentage points (FY2021 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was 1.17% in FY2024 (+1.93 pp), -0.77% in FY2023 (+0.85 pp), -1.62% in FY2022 (+3.67 pp) and -5.29% in FY2021.
- Quarterly Return on Invested Capital [ROIC] has moved between -7.06% (Q1 2026) and 1.67% (Q3 2025) over five years.
- Compared with a year earlier, Return on Invested Capital [ROIC] has declined for three straight quarters, with an average year-over-year change of -1.98 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q1 2022 (a gain of 9.77 percentage points); the worst was Q1 2026 (a drop of 8.31 percentage points).
- Per Business Quant data, AAWH's Return on Invested Capital [ROIC] in the three quarters before Q2 2026 was -7.06% (Q1 2026), -5.44% (Q4 2025) and 1.67% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 301.72 Bn | 278.72 Bn | 7.85 Bn | 32.08% |
| 2 | British American Tobacco p.l.c | 131.79 Bn | 108.16 Bn | - | - |
| 3 | Altria | 125.86 Bn | 112.79 Bn | 3.94 Bn | 38.67% |
| 4 | Curaleaf Holdings | 2.40 Bn | 2.02 Bn | 170.48 Mn | 0.73% |
| 5 | Trulieve Cannabis | 2.09 Bn | 710.81 Mn | 162.29 Mn | -24.18% |
| 6 | RLX Technology | 1.96 Bn | -1.81 Bn | 52.74 Mn | 3.63% |
| 7 | Green Thumb Industries | 1.46 Bn | 224.96 Mn | 146.79 Mn | 1.79% |
| 8 | Cronos | 1.38 Bn | -1.90 Bn | 28.45 Mn | - |
| 9 | Turning Point Brands | 1.27 Bn | 376.30 Mn | 93.70 Mn | 9.05% |
| 10 | Ascend Wellness Holdings | 77.10 Mn | -223.77 Mn | 45.49 Mn | -4.65% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -4.65% |
| Mar 31, 2026 | -7.06% |
| Dec 31, 2025 | -5.28% |
| Sep 30, 2025 | 1.59% |
| Jun 30, 2025 | 1.28% |
| Mar 31, 2025 | 1.15% |
| Dec 31, 2024 | 1.16% |
| Sep 30, 2024 | -0.19% |
| Jun 30, 2024 | 1.17% |
| Mar 31, 2024 | -0.29% |
| Dec 31, 2023 | -0.78% |
| Sep 30, 2023 | 0.25% |
| Jun 30, 2023 | 0.03% |
| Mar 31, 2023 | 1.52% |
| Dec 31, 2022 | -1.50% |
| Sep 30, 2022 | -2.80% |
| Jun 30, 2022 | -1.03% |
| Mar 31, 2022 | 0.00% |
| Dec 31, 2021 | -3.90% |
| Sep 30, 2021 | -3.17% |
API Access
Ascend Wellness Holdings Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=AAWH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=AAWH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();