Curaleaf Holdings (CURLF) EV to EBITDA (2020 - 2026)
Curaleaf Holdings' (CURLF) EV to EBITDA was 12.65 for Q3 2026, up 62.3% from 7.80 a year earlier but down 4.1% from the prior quarter.
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Analysis
Curaleaf Holdings (CURLF) EV to EBITDA (2020 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Curaleaf Holdings' EV to EBITDA came in at 11.26, up 74.2% year-over-year; for FY2025, it was 25.92, up 87.9% from FY2024.
- By year, EV to EBITDA came in at 13.80 in FY2024 (-63.3%), 37.55 in FY2023 (+3.8%), 36.18 in FY2022 (-60.5%) and 91.60 in FY2021 (-42.3%).
- Five-year quarterly EV to EBITDA spans a low of 2.20 in Q2 2025 and a high of 66.07 in Q4 2021.
- Year over year, EV to EBITDA has now increased in each of the last four quarters, with growth averaging 64.4% over the last eight quarters.
- The high point for year-over-year EV to EBITDA in five years was Q2 2026 (growth of 498.4%); the low point was Q2 2025 (a decline of 93.6%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 13.18 (Q2 2026), 22.94 (Q1 2026) and 25.92 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Philip Morris International | 302.04 Bn | 279.04 Bn | 7.85 Bn |
| 2 | British American Tobacco p.l.c | 131.52 Bn | 107.88 Bn | - |
| 3 | Altria | 126.46 Bn | 113.39 Bn | 3.94 Bn |
| 4 | Curaleaf Holdings | 2.38 Bn | 2.00 Bn | 170.48 Mn |
| 5 | Trulieve Cannabis | 2.12 Bn | 734.90 Mn | 162.29 Mn |
| 6 | RLX Technology | 1.95 Bn | -1.82 Bn | 52.74 Mn |
| 7 | Green Thumb Industries | 1.43 Bn | 198.72 Mn | 146.79 Mn |
| 8 | Cronos | 1.33 Bn | -1.95 Bn | 28.45 Mn |
| 9 | Turning Point Brands | 1.25 Bn | 361.97 Mn | 93.70 Mn |
| 10 | Tilray Brands | 380.69 Mn | -586.82 Mn | 77.51 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 12.65 |
| Jun 30, 2026 | 12.91 |
| Mar 31, 2026 | 22.47 |
| Dec 31, 2025 | 25.41 |
| Sep 30, 2025 | 26.91 |
| Jun 30, 2025 | 2.20 |
| Mar 31, 2025 | 8.25 |
| Dec 31, 2024 | 13.80 |
| Sep 30, 2024 | 27.42 |
| Jun 30, 2024 | 34.43 |
| Mar 31, 2024 | 48.67 |
| Dec 31, 2023 | 37.55 |
| Sep 30, 2023 | 54.60 |
| Jun 30, 2023 | 35.64 |
| Mar 31, 2023 | 28.45 |
| Dec 31, 2022 | 37.61 |
| Sep 30, 2022 | 41.63 |
| Jun 30, 2022 | 42.09 |
| Mar 31, 2022 | 58.02 |
| Dec 31, 2021 | 66.07 |
API Access
Curaleaf Holdings EV to EBITDA 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=ev-to-ebitda&ticker=CURLF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "ticker": "CURLF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=CURLF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();