Cronos (CRON) EBITDA Margin (2019 - 2026)
Cronos (CRON) recorded EBITDA Margin of 15.27% in Q2 2026, up 17.80 percentage points from -2.54% a year earlier and up 12.05 percentage points from the prior quarter.
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Analysis
Cronos (CRON) EBITDA Margin (2019 - 2026) Analysis & Trends
On a TTM basis, Cronos' EBITDA Margin came in at 5.01% as of Jun 30, 2026, up 28.75 percentage points year-over-year; for FY2025, it was -1.64%, up 39.89 percentage points from FY2024.
- Annual EBITDA Margin has increased for six straight years, with a five-year change of +389.04 percentage points (FY2020 to FY2025).
- Across earlier years, EBITDA Margin came in at -41.52% in FY2024 (+22.24 pp), -63.76% in FY2023 (+26.18 pp), -89.94% in FY2022 (+257.45 pp) and -347.39% in FY2021 (+43.28 pp).
- The Q2 2026 figure is the highest quarterly EBITDA Margin since Q4 2021.
- On a year-over-year basis, EBITDA Margin has increased for seven consecutive quarters, with an average year-over-year change of +26.58 percentage points over the last eight quarters.
- Peak year-over-year performance for EBITDA Margin in the last five years was a gain of 1477.51 percentage points in Q2 2022, against a drop of 606.68 percentage points in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 3.21% (Q1 2026), -6.58% (Q4 2025) and 6.20% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.31 Bn | 283.88 Bn | 7.66 Bn | 45.06% |
| 2 | British American Tobacco p.l.c | 126.84 Bn | 105.99 Bn | - | - |
| 3 | Altria | 114.73 Bn | 100.93 Bn | 3.82 Bn | 52.23% |
| 4 | Curaleaf Holdings | 2.84 Bn | 2.44 Bn | 169.91 Mn | 15.53% |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | 13.86% |
| 6 | Trulieve Cannabis | 2.39 Bn | 1.00 Bn | 162.29 Mn | -127.26% |
| 7 | Green Thumb Industries | 1.49 Bn | 344.56 Mn | 137.87 Mn | 17.33% |
| 8 | Cronos | 1.25 Bn | -1.97 Bn | 28.45 Mn | 15.27% |
| 9 | Turning Point Brands | 1.21 Bn | 336.94 Mn | 93.70 Mn | - |
| 10 | Verano Holdings | 877.15 Mn | 550.77 Mn | 99.70 Mn | 14.95% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.27% |
| Mar 31, 2026 | 3.21% |
| Dec 31, 2025 | -6.58% |
| Sep 30, 2025 | 6.20% |
| Jun 30, 2025 | -2.54% |
| Mar 31, 2025 | -2.94% |
| Dec 31, 2024 | -21.47% |
| Sep 30, 2024 | -64.57% |
| Jun 30, 2024 | -36.32% |
| Mar 31, 2024 | -40.20% |
| Dec 31, 2023 | -60.16% |
| Sep 30, 2023 | -57.88% |
| Jun 30, 2023 | -70.70% |
| Mar 31, 2023 | -69.16% |
| Dec 31, 2022 | -84.00% |
| Sep 30, 2022 | -91.62% |
| Jun 30, 2022 | -77.78% |
| Mar 31, 2022 | -112.99% |
| Dec 31, 2021 | 522.68% |
| Sep 30, 2021 | -213.85% |
API Access
Cronos EBITDA 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=ebitda-margin&ticker=CRON&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "CRON", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=CRON&period=max&api_key=YOUR_API_KEY");
const data = await res.json();