Cronos (CRON) Operating Margin (2019 - 2026)
Cronos (CRON) recorded Operating Margin of 10.49% in Q2 2026, up 22.52 percentage points from -12.03% a year earlier and up 13.60 percentage points from the prior quarter.
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Analysis
Cronos (CRON) Operating Margin (2019 - 2026) Analysis & Trends
On a TTM basis, Cronos' Operating Margin came in at -1.03% as of Jun 30, 2026, up 30.26 percentage points year-over-year; for FY2025, it came in at -9.00%, up 38.30 percentage points from FY2024.
- Annual Operating Margin has increased for six straight years, with a five-year change of +394.64 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at -47.29% in FY2024 (+23.22 pp), -70.51% in FY2023 (+31.44 pp), -101.95% in FY2022 (+264.79 pp) and -366.74% in FY2021 (+36.89 pp).
- The Q2 2026 figure is the highest quarterly Operating Margin since Q4 2021.
- On a year-over-year basis, Operating Margin has increased for seven consecutive quarters, with an average year-over-year change of +25.83 percentage points over the last eight quarters.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 1478.91 percentage points in Q2 2022, against a drop of 585.55 percentage points in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at -3.11% (Q1 2026), -12.84% (Q4 2025) and -1.03% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.14 Bn | 283.71 Bn | 7.66 Bn | 40.48% |
| 2 | British American Tobacco p.l.c | 129.64 Bn | 108.78 Bn | - | - |
| 3 | Altria | 115.45 Bn | 101.65 Bn | 3.82 Bn | 51.32% |
| 4 | Curaleaf Holdings | 2.87 Bn | 2.47 Bn | 169.91 Mn | 1.24% |
| 5 | RLX Technology | 2.63 Bn | -932.13 Mn | 52.74 Mn | 12.90% |
| 6 | Trulieve Cannabis | 2.37 Bn | 989.63 Mn | 162.29 Mn | -136.75% |
| 7 | Green Thumb Industries | 1.53 Bn | 385.54 Mn | 137.87 Mn | 6.51% |
| 8 | Cronos | 1.26 Bn | -1.96 Bn | 28.45 Mn | 10.49% |
| 9 | Turning Point Brands | 1.21 Bn | 343.16 Mn | 93.70 Mn | 11.69% |
| 10 | Verano Holdings | 871.29 Mn | 544.91 Mn | 99.70 Mn | 1.44% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.49% |
| Mar 31, 2026 | -3.11% |
| Dec 31, 2025 | -12.84% |
| Sep 30, 2025 | -1.03% |
| Jun 30, 2025 | -12.03% |
| Mar 31, 2025 | -9.72% |
| Dec 31, 2024 | -27.60% |
| Sep 30, 2024 | -72.23% |
| Jun 30, 2024 | -40.23% |
| Mar 31, 2024 | -45.09% |
| Dec 31, 2023 | -63.62% |
| Sep 30, 2023 | -64.21% |
| Jun 30, 2023 | -79.93% |
| Mar 31, 2023 | -78.21% |
| Dec 31, 2022 | -93.03% |
| Sep 30, 2022 | -104.85% |
| Jun 30, 2022 | -93.38% |
| Mar 31, 2022 | -122.59% |
| Dec 31, 2021 | 492.52% |
| Sep 30, 2021 | -229.42% |
API Access
Cronos 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=CRON&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=CRON&period=max&api_key=YOUR_API_KEY");
const data = await res.json();