Cronos (CRON) Gross Margin (2018 - 2026)
Cronos (CRON) reported Gross Margin of 40.30% for Q2 2026, up 7.52 percentage points from 32.78% a year earlier and up 7.82 percentage points from the prior quarter.
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Analysis
Cronos (CRON) Gross Margin (2018 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Cronos' Gross Margin came in at 34.68%, up 10.16 percentage points year-over-year; for FY2025, it came in at 32.46%, up 16.89 percentage points from FY2024.
- Gross Margin has a five-year change of +79.98 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 15.57% in FY2024 (+5.67 pp), 9.90% in FY2023 (-4.22 pp), 14.12% in FY2022 (+36.22 pp) and -22.10% in FY2021 (+25.43 pp).
- The Q2 2026 figure ranks as the highest quarterly Gross Margin since Q2 2019.
- Year over year, Gross Margin gained in six of the last eight quarters, with an average year-over-year change of +11.47 percentage points.
- The high point for year-over-year Gross Margin in five years was Q2 2022 (a gain of 99.69 percentage points); the low point was Q1 2023 (a drop of 12.53 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 32.48% (Q1 2026), 27.73% (Q4 2025) and 37.54% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 314.47 Bn | 296.03 Bn | 7.66 Bn | 68.43% |
| 2 | British American Tobacco p.l.c | 139.83 Bn | 116.49 Bn | - | - |
| 3 | Altria | 127.02 Bn | 113.22 Bn | 3.82 Bn | 62.51% |
| 4 | RLX Technology | 2.54 Bn | -1.21 Bn | 52.74 Mn | 35.41% |
| 5 | Verano Holdings | 2.20 Bn | 1.87 Bn | 99.70 Mn | 45.75% |
| 6 | Curaleaf Holdings | 2.13 Bn | 1.73 Bn | 169.91 Mn | 49.96% |
| 7 | Trulieve Cannabis | 2.10 Bn | 712.57 Mn | 162.29 Mn | 59.90% |
| 8 | Turning Point Brands | 1.34 Bn | 472.27 Mn | 93.70 Mn | 65.55% |
| 9 | Cronos | 1.28 Bn | -1.95 Bn | 28.45 Mn | 40.30% |
| 10 | Green Thumb Industries | 1.25 Bn | 96.72 Mn | 137.87 Mn | 44.96% |
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% |
API Access
Cronos Gross 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=gross-margin&ticker=CRON&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=CRON&period=max&api_key=YOUR_API_KEY");
const data = await res.json();