Sndl (SNDL) Invested Capital (2018 - 2025)
Sndl's (SNDL) quarterly Invested Capital came in at $789.7 million in Q4 2025, down 2.67% on a YoY basis from $811.3 million in Q4 2024, and up 0.55% quarter-over-quarter from $785.3 million in Q2 2025.
Analysis
Sndl (SNDL) Invested Capital (2018 - 2025) Analysis & Trends
Sndl (SNDL) has reported Invested Capital for 8 consecutive years, with $789.7 million the latest figure, recorded in Q4 2025.
- For the quarter ending Q4 2025, Invested Capital fell 2.67% year-over-year to $789.7 million; the trailing twelve-month figure through Dec 2025 stood at $789.7 million (down 2.67% YoY), and the FY2025 full-year result was $788.1 million, down 4.79% from the prior year.
- Invested Capital advanced to $789.7 million in Q4 2025 per SNDL's latest filing, from $785.3 million in the prior quarter.
- Across five years, Invested Capital topped out at $1.3 billion in Q1 2022 and bottomed at $17.9 million in Q1 2021.
- Historically, Invested Capital has averaged $928.2 million across 5 years, with a median of $974.4 million in 2023.
- The sharpest annual moves came in 2021 and 2022: Invested Capital sank 93.05% in 2021, then jumped 6962.06% in 2022.
- Over 5 years, Invested Capital stood at $1.1 billion in 2021, then retreated by 8.0% to $986.2 million in 2022, then slipped by 8.11% to $906.2 million in 2023, then dropped by 10.47% to $811.3 million in 2024, then slipped by 2.67% to $789.7 million in 2025.
- According to Business Quant data, Invested Capital over the past three periods registered $789.7 million, $785.3 million, and $766.8 million for Q4 2025, Q2 2025, and Q1 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Curaleaf Holdings | 2.63 Bn | 2.53 Bn | 169.91 Mn | 1.48 Bn |
| 2 | Trulieve Cannabis | 2.23 Bn | 1.90 Bn | 162.29 Mn | 864.64 Mn |
| 3 | Green Thumb Industries | 1.61 Bn | 1.33 Bn | 137.87 Mn | 2.17 Bn |
| 4 | Cronos | 1.23 Bn | 437.76 Mn | 28.45 Mn | - |
| 5 | Glass House Brands | 657.95 Mn | 639.39 Mn | 15.77 Mn | 142.77 Mn |
| 6 | Vireo Growth | 554.11 Mn | 411.81 Mn | 95.30 Mn | 741.30 Mn |
| 7 | Tilray Brands | 438.94 Mn | 204.31 Mn | 90.52 Mn | 1.76 Bn |
| 8 | Verano Holdings | 436.63 Mn | 351.43 Mn | 99.70 Mn | 1.08 Bn |
| 9 | Canopy Growth | 387.68 Mn | 140.67 Mn | 16.08 Mn | 690.90 Mn |
| 10 | Sndl | 358.70 Mn | 226.15 Mn | 40.74 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 789.65 Mn |
| Jun 30, 2025 | 785.32 Mn |
| Mar 31, 2025 | 766.76 Mn |
| Dec 31, 2024 | 811.33 Mn |
| Sep 30, 2024 | 885.72 Mn |
| Jun 30, 2024 | 924.97 Mn |
| Mar 31, 2024 | 910.64 Mn |
| Dec 31, 2023 | 906.23 Mn |
| Sep 30, 2023 | 975.88 Mn |
| Jun 30, 2023 | 974.38 Mn |
| Mar 31, 2023 | 1.00 Bn |
| Dec 31, 2022 | 986.19 Mn |
| Sep 30, 2022 | 1.13 Bn |
| Jun 30, 2022 | 1.19 Bn |
| Mar 31, 2022 | 1.27 Bn |
| Dec 31, 2021 | 1.07 Bn |
| Sep 30, 2021 | 1.11 Bn |
| Jun 30, 2021 | 1.13 Bn |
| Mar 22, 2021 | 17.93 Mn |
| Dec 31, 2020 | 265.41 Mn |