Cresco Labs (CRLBF) Operating Margin (2020 - 2026)
Cresco Labs (CRLBF) recorded Operating Margin of 7.71% in Q2 2026, down 2.16 percentage points from 9.86% a year earlier but up 0.32 percentage points from the prior quarter.
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Analysis
Cresco Labs (CRLBF) Operating Margin (2020 - 2026) Analysis & Trends
On a TTM basis, Cresco Labs' Operating Margin came in at -5.10% as of Jun 30, 2026, down 16.11 percentage points year-over-year; for FY2025, it came in at -4.27%, down 19.08 percentage points from FY2024.
- Annual Operating Margin has a five-year change of +0.66 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at 14.81% in FY2024 (+26.20 pp), -11.39% in FY2023 (-1.39 pp), -10.00% in FY2022 (+16.45 pp) and -26.45% in FY2021 (-21.53 pp).
- Quarterly Operating Margin has ranged from -122.52% in Q3 2021 to 17.56% in Q2 2024 over the past five years.
- On a year-over-year basis, Operating Margin has declined for seven consecutive quarters, with an average year-over-year change of -1.51 percentage points over the last eight quarters.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 130.24 percentage points in Q3 2022, against a drop of 138.79 percentage points in Q3 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 7.38% (Q1 2026), -46.76% (Q4 2025) and 10.81% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 311.51 Bn | 291.15 Bn | 7.66 Bn | 40.48% |
| 2 | British American Tobacco p.l.c | 129.24 Bn | 105.61 Bn | - | - |
| 3 | Altria | 124.94 Bn | 111.10 Bn | 3.82 Bn | 51.32% |
| 4 | Trulieve Cannabis | 2.09 Bn | 705.03 Mn | 162.29 Mn | -136.75% |
| 5 | RLX Technology | 2.07 Bn | -1.69 Bn | 52.74 Mn | 12.90% |
| 6 | Curaleaf Holdings | 2.07 Bn | 1.67 Bn | 169.91 Mn | 1.24% |
| 7 | Green Thumb Industries | 1.38 Bn | 228.69 Mn | 137.87 Mn | 6.51% |
| 8 | Turning Point Brands | 1.28 Bn | 383.66 Mn | 93.70 Mn | 11.69% |
| 9 | Cronos | 1.23 Bn | -2.04 Bn | 28.45 Mn | 10.49% |
| 10 | Cresco Labs | 219.93 Mn | 51.39 Mn | 86.95 Mn | 7.71% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.71% |
| Mar 31, 2026 | 7.38% |
| Dec 31, 2025 | -46.76% |
| Sep 30, 2025 | 10.81% |
| Jun 30, 2025 | 9.86% |
| Mar 31, 2025 | 8.20% |
| Dec 31, 2024 | 11.03% |
| Sep 30, 2024 | 14.65% |
| Jun 30, 2024 | 17.56% |
| Mar 31, 2024 | 15.82% |
| Dec 31, 2023 | 14.40% |
| Sep 30, 2023 | -56.55% |
| Jun 30, 2023 | -5.43% |
| Mar 31, 2023 | 1.85% |
| Dec 31, 2022 | -71.89% |
| Sep 30, 2022 | 7.72% |
| Jun 30, 2022 | 10.39% |
| Mar 31, 2022 | 9.45% |
| Dec 31, 2021 | 7.14% |
| Sep 30, 2021 | -122.52% |
API Access
Cresco Labs 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=CRLBF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "CRLBF", "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=CRLBF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();