Curaleaf Holdings (CURLF) Net Margin (2019 - 2026)
Curaleaf Holdings' Net Margin came in at -9.28% for Q3 2026, up 8.66 percentage points from -17.94% a year earlier but down 12.96 percentage points from the prior quarter.
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Analysis
Curaleaf Holdings (CURLF) Net Margin (2019 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Curaleaf Holdings reported Net Margin of -0.76%, up 19.10 percentage points year-over-year; for FY2025, it came in at -18.22%, down 2.08 percentage points from FY2024.
- Net Margin carries a five-year change of -9.10 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was -16.15% in FY2024 (+4.74 pp), -20.88% in FY2023 (+8.14 pp), -29.02% in FY2022 (-11.80 pp) and -17.22% in FY2021 (-8.10 pp).
- The five-year range for quarterly Net Margin is -76.17% (Q4 2022) to 21.53% (Q1 2026).
- Year-over-year, Net Margin has increased for four consecutive quarters, with an average year-over-year change of +7.44 percentage points over the last eight quarters.
- The fastest year-over-year change in Net Margin over five years came in Q4 2023 (a gain of 57.16 percentage points), and the weakest in Q4 2022 (a drop of 51.71 percentage points).
- Business Quant data shows CURLF's Net Margin at 3.68% (Q2 2026), 21.53% (Q1 2026) and -17.96% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 308.32 Bn | 285.32 Bn | 7.85 Bn | 28.96% |
| 2 | British American Tobacco p.l.c | 133.26 Bn | 109.63 Bn | - | - |
| 3 | Altria | 126.98 Bn | 113.91 Bn | 3.94 Bn | 41.06% |
| 4 | Curaleaf Holdings | 2.49 Bn | 2.11 Bn | 170.48 Mn | -9.28% |
| 5 | Trulieve Cannabis | 2.22 Bn | 840.89 Mn | 162.29 Mn | -149.83% |
| 6 | RLX Technology | 1.99 Bn | -1.77 Bn | 52.74 Mn | 4.33% |
| 7 | Green Thumb Industries | 1.48 Bn | 244.63 Mn | 146.79 Mn | -1.49% |
| 8 | Cronos | 1.35 Bn | -1.92 Bn | 28.45 Mn | 45.45% |
| 9 | Turning Point Brands | 1.30 Bn | 409.51 Mn | 93.70 Mn | 2.52% |
| 10 | Tilray Brands | 390.02 Mn | -577.48 Mn | 77.51 Mn | -16.78% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -9.28% |
| Jun 30, 2026 | 3.68% |
| Mar 31, 2026 | 21.53% |
| Dec 31, 2025 | -17.82% |
| Sep 30, 2025 | -17.70% |
| Jun 30, 2025 | -17.12% |
| Mar 31, 2025 | -19.91% |
| Dec 31, 2024 | -24.33% |
| Sep 30, 2024 | -12.93% |
| Jun 30, 2024 | -14.56% |
| Mar 31, 2024 | -15.05% |
| Dec 31, 2023 | -19.01% |
| Sep 30, 2023 | -28.13% |
| Jun 30, 2023 | -22.20% |
| Mar 31, 2023 | -16.98% |
| Dec 31, 2022 | -76.17% |
| Sep 30, 2022 | -16.62% |
| Jun 30, 2022 | -6.66% |
| Mar 31, 2022 | -12.92% |
| Dec 31, 2021 | -24.46% |
API Access
Curaleaf Holdings Net 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=net-margin&ticker=CURLF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=CURLF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();