Vireo Growth (VREOF) Gross Margin (2020 - 2026)
Vireo Growth's Gross Margin came in at 45.53% for Q2 2026, up 3.12 percentage points from 42.41% a year earlier but down 10.31 percentage points from the prior quarter.
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Analysis
Vireo Growth (VREOF) Gross Margin (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Vireo Growth reported Gross Margin of 48.64%, up 1.59 percentage points year-over-year; for FY2025, it came in at 47.29%, down 3.80 percentage points from FY2024.
- Gross Margin carries a five-year change of +12.48 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 51.09% in FY2024 (+1.04 pp), 50.04% in FY2023 (+8.63 pp), 41.42% in FY2022 (+5.05 pp) and 36.36% in FY2021 (+1.56 pp).
- The five-year range for quarterly Gross Margin is 15.78% (Q4 2021) to 55.84% (Q1 2026).
- Year-over-year, Gross Margin has increased for three consecutive quarters, with an average year-over-year change of -1.45 percentage points over the last eight quarters.
- The fastest year-over-year change in Gross Margin over five years came in Q1 2023 (a gain of 33.96 percentage points), and the weakest in Q4 2021 (a drop of 26.92 percentage points).
- Business Quant data shows VREOF's Gross Margin at 55.84% (Q1 2026), 54.43% (Q4 2025) and 40.79% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.14 Bn | 283.71 Bn | 7.66 Bn | 68.43% |
| 2 | British American Tobacco p.l.c | 129.64 Bn | 108.78 Bn | - | - |
| 3 | Altria | 115.45 Bn | 101.65 Bn | 3.82 Bn | 62.51% |
| 4 | Curaleaf Holdings | 2.87 Bn | 2.47 Bn | 169.91 Mn | 49.96% |
| 5 | RLX Technology | 2.63 Bn | -932.13 Mn | 52.74 Mn | 35.41% |
| 6 | Trulieve Cannabis | 2.37 Bn | 989.63 Mn | 162.29 Mn | 59.90% |
| 7 | Green Thumb Industries | 1.53 Bn | 385.54 Mn | 137.87 Mn | 44.96% |
| 8 | Cronos | 1.26 Bn | -1.96 Bn | 28.45 Mn | 40.30% |
| 9 | Turning Point Brands | 1.21 Bn | 343.16 Mn | 93.70 Mn | 65.55% |
| 10 | Vireo Growth | 480.63 Mn | -23.92 Mn | 95.30 Mn | 45.53% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 45.53% |
| Mar 31, 2026 | 55.84% |
| Dec 31, 2025 | 54.43% |
| Sep 30, 2025 | 40.79% |
| Jun 30, 2025 | 42.41% |
| Mar 31, 2025 | 50.61% |
| Dec 31, 2024 | 50.56% |
| Sep 30, 2024 | 48.97% |
| Jun 30, 2024 | 53.97% |
| Mar 31, 2024 | 50.83% |
| Dec 31, 2023 | 49.87% |
| Sep 30, 2023 | 53.48% |
| Jun 30, 2023 | 46.20% |
| Mar 31, 2023 | 49.87% |
| Dec 31, 2022 | 44.72% |
| Sep 30, 2022 | 50.58% |
| Jun 30, 2022 | 49.16% |
| Mar 31, 2022 | 15.91% |
| Dec 31, 2021 | 15.78% |
| Sep 30, 2021 | 38.26% |
API Access
Vireo Growth Gross 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=gross-margin&ticker=VREOF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "VREOF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=VREOF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();