Curaleaf Holdings (CURLF) Operating Margin (2019 - 2026)
Curaleaf Holdings (CURLF) posted Operating Margin of 1.24% for Q2 2026, up 434.53% on a QoQ basis from 0.23% in Q1 2026, and down 77.0% year-over-year from 5.4% in Q2 2025.
Analysis
Curaleaf Holdings (CURLF) Operating Margin (2019 - 2026) Analysis & Trends
Curaleaf Holdings has reported Operating Margin for 8 years, with the latest figure at 1.24% in Q2 2026.
- On a quarterly basis, Operating Margin fell 77.0% year-over-year to 1.24% in Q2 2026; TTM through Jun 2026 was 1.48%, a 26.0% increase from a year earlier, with the FY2025 full-year figure at 2.01%, up 15.0% from the prior year.
- Operating Margin was 1.24% for Q2 2026 at Curaleaf Holdings, up from 0.23% in the prior quarter.
- The five-year high for Operating Margin was 10.73% in Q2 2022, with the low at 10.83% in Q4 2022.
- Average Operating Margin over 5 years is 2.69%, with a median of 2.92% recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: Operating Margin tumbled 1423 bps in 2022, then surged 1487 bps in 2023.
- Over 5 years, Operating Margin stood at 10.83% in 2022, then soared by 137 bps to 4.05% in 2023, then slumped by 169 bps to 2.8% in 2024, then jumped by 214 bps to 3.19% in 2025, then tumbled by 61 bps to 1.24% in 2026.
- The last three Operating Margin figures came in at 1.24% (Q2 2026), 0.23% (Q1 2026), and 3.19% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Curaleaf Holdings | 2.66 Bn | 2.56 Bn | 169.91 Mn | 1.24% |
| 2 | Trulieve Cannabis | 2.27 Bn | 1.94 Bn | 162.29 Mn | -136.75% |
| 3 | Green Thumb Industries | 1.71 Bn | 1.42 Bn | 137.87 Mn | 6.51% |
| 4 | Cronos | 1.18 Bn | 379.85 Mn | 28.45 Mn | 10.49% |
| 5 | Glass House Brands | 666.14 Mn | 647.59 Mn | 15.77 Mn | -6.37% |
| 6 | Vireo Growth | 545.10 Mn | 402.80 Mn | 95.30 Mn | -3.01% |
| 7 | Tilray Brands | 470.81 Mn | 236.18 Mn | 90.52 Mn | -5.84% |
| 8 | Verano Holdings | 434.44 Mn | 349.24 Mn | 99.70 Mn | 1.44% |
| 9 | Canopy Growth | 406.26 Mn | 159.25 Mn | 16.08 Mn | -22.03% |
| 10 | Sndl | 362.57 Mn | 230.02 Mn | 40.74 Mn | -3.33% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.24% |
| Mar 31, 2026 | 0.23% |
| Dec 31, 2025 | 3.19% |
| Sep 30, 2025 | 1.26% |
| Jun 30, 2025 | 2.01% |
| Mar 31, 2025 | 3.05% |
| Dec 31, 2024 | -2.80% |
| Sep 30, 2024 | 2.79% |
| Jun 30, 2024 | 2.20% |
| Mar 31, 2024 | 3.75% |
| Dec 31, 2023 | 4.05% |
| Sep 30, 2023 | 4.57% |
| Jun 30, 2023 | -1.27% |
| Mar 31, 2023 | 5.40% |
| Dec 31, 2022 | -10.83% |
| Sep 30, 2022 | 9.98% |
| Jun 30, 2022 | 10.73% |
| Mar 31, 2022 | 8.89% |
| Dec 31, 2021 | 3.40% |
| Sep 30, 2021 | 13.36% |