Cronos (CRON) Gross Margin (2018 - 2026)
Cronos (CRON) posted Gross Margin of 40.3% for Q2 2026, up 24.07% on a QoQ basis from 32.48% in Q1 2026, and up 752.0% year-over-year from 4.73% in Q2 2025.
Analysis
Cronos (CRON) Gross Margin (2018 - 2026) Analysis & Trends
Cronos has reported Gross Margin for 9 years, with the latest figure at 40.3% in Q2 2026.
- On a quarterly basis, Gross Margin rose 752.0% year-over-year to 40.3% in Q2 2026; TTM through Jun 2026 was 34.68%, a 1016.0% increase from a year earlier, with the FY2025 full-year figure at 32.46%, up 1689.0% from the prior year.
- Gross Margin was 40.3% for Q2 2026 at Cronos, up from 32.48% in the prior quarter.
- The five-year high for Gross Margin was 40.3% in Q2 2026, with the low at 4.34% in Q4 2022.
- Average Gross Margin over 5 years is 20.16%, with a median of 16.12% recorded in 2022.
- The sharpest annual moves came in 2022 and 2023: Gross Margin jumped 9969 bps in 2022, then tumbled 1253 bps in 2023.
- Over 5 years, Gross Margin stood at 4.34% in 2022, then rose by 30 bps to 5.63% in 2023, then jumped by 366 bps to 26.24% in 2024, then gained by 6 bps to 27.73% in 2025, then jumped by 45 bps to 40.3% in 2026.
- The last three Gross Margin figures came in at 40.3% (Q2 2026), 32.48% (Q1 2026), and 27.73% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Curaleaf Holdings | 2.65 Bn | 2.56 Bn | 169.91 Mn | 49.96% |
| 2 | Trulieve Cannabis | 2.27 Bn | 1.95 Bn | 162.29 Mn | 59.90% |
| 3 | Green Thumb Industries | 1.67 Bn | 1.39 Bn | 137.87 Mn | 44.96% |
| 4 | Cronos | 1.18 Bn | 381.72 Mn | 28.45 Mn | 40.30% |
| 5 | Glass House Brands | 667.78 Mn | 649.22 Mn | 15.77 Mn | 33.54% |
| 6 | Vireo Growth | 545.10 Mn | 402.80 Mn | 95.30 Mn | 45.53% |
| 7 | Tilray Brands | 469.14 Mn | 234.51 Mn | 90.52 Mn | 32.13% |
| 8 | Verano Holdings | 432.98 Mn | 347.78 Mn | 99.70 Mn | 45.75% |
| 9 | Canopy Growth | 396.17 Mn | 149.16 Mn | 16.08 Mn | 22.16% |
| 10 | Sndl | 357.40 Mn | 224.86 Mn | 40.74 Mn | 23.90% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 40.30% |
| Mar 31, 2026 | 32.48% |
| Dec 31, 2025 | 27.73% |
| Sep 30, 2025 | 37.54% |
| Jun 30, 2025 | 32.78% |
| Mar 31, 2025 | 32.78% |
| Dec 31, 2024 | 26.24% |
| Sep 30, 2024 | 7.75% |
| Jun 30, 2024 | 16.28% |
| Mar 31, 2024 | 12.68% |
| Dec 31, 2023 | 5.63% |
| Sep 30, 2023 | 11.71% |
| Jun 30, 2023 | 12.01% |
| Mar 31, 2023 | 11.02% |
| Dec 31, 2022 | 4.34% |
| Sep 30, 2022 | 12.06% |
| Jun 30, 2022 | 15.95% |
| Mar 31, 2022 | 23.55% |
| Dec 31, 2021 | 8.75% |
| Sep 30, 2021 | -2.97% |