Verano Holdings (VRNO) EBIT Margin (2021 - 2026)
Verano Holdings (VRNO) recorded EBIT Margin of 1.44% in Q2 2026, down 11.52 percentage points from 12.96% a year earlier and down 4.85 percentage points from the prior quarter.
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Analysis
Verano Holdings (VRNO) EBIT Margin (2021 - 2026) Analysis & Trends
On a TTM basis, Verano Holdings' EBIT Margin came in at -15.81% as of Jun 30, 2026, up 13.23 percentage points year-over-year; for FY2025, it came in at -13.04%, up 13.96 percentage points from FY2024.
- Annual EBIT Margin has a five-year change of -54.61 percentage points (FY2020 to FY2025).
- Across earlier years, EBIT Margin came in at -27.00% in FY2024 (-36.03 pp), 9.03% in FY2023 (+27.36 pp), -18.32% in FY2022 (-27.09 pp) and 8.77% in FY2021 (-32.80 pp).
- Quarterly EBIT Margin has ranged from -139.26% in Q4 2024 to 16.78% in Q3 2023 over the past five years.
- On a year-over-year basis, EBIT Margin rose in two of the last eight quarters, with an average year-over-year change of -11.87 percentage points.
- Peak year-over-year performance for EBIT Margin in the last five years was a gain of 83.30 percentage points in Q4 2023, against a drop of 130.95 percentage points in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 6.29% (Q1 2026), -76.27% (Q4 2025) and 4.57% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.14 Bn | 283.71 Bn | 7.66 Bn | 40.48% |
| 2 | British American Tobacco p.l.c | 129.64 Bn | 108.78 Bn | - | - |
| 3 | Altria | 115.45 Bn | 101.65 Bn | 3.82 Bn | 51.32% |
| 4 | Curaleaf Holdings | 2.87 Bn | 2.47 Bn | 169.91 Mn | 1.24% |
| 5 | RLX Technology | 2.63 Bn | -932.13 Mn | 52.74 Mn | 12.86% |
| 6 | Trulieve Cannabis | 2.37 Bn | 989.63 Mn | 162.29 Mn | -136.75% |
| 7 | Green Thumb Industries | 1.53 Bn | 385.54 Mn | 137.87 Mn | 6.51% |
| 8 | Cronos | 1.26 Bn | -1.96 Bn | 28.45 Mn | 10.49% |
| 9 | Turning Point Brands | 1.21 Bn | 343.16 Mn | 93.70 Mn | 11.69% |
| 10 | Verano Holdings | 871.29 Mn | 544.91 Mn | 99.70 Mn | 1.44% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.44% |
| Mar 31, 2026 | 6.29% |
| Dec 31, 2025 | -76.27% |
| Sep 30, 2025 | 4.57% |
| Jun 30, 2025 | 12.96% |
| Mar 31, 2025 | 7.15% |
| Dec 31, 2024 | -139.26% |
| Sep 30, 2024 | 7.74% |
| Jun 30, 2024 | 12.26% |
| Mar 31, 2024 | 10.24% |
| Dec 31, 2023 | -8.31% |
| Sep 30, 2023 | 16.78% |
| Jun 30, 2023 | 13.00% |
| Mar 31, 2023 | 14.88% |
| Dec 31, 2022 | -91.61% |
| Sep 30, 2022 | 16.29% |
| Jun 30, 2022 | -1.02% |
| Mar 31, 2022 | 5.47% |
| Dec 31, 2021 | 13.92% |
| Sep 30, 2021 | 11.15% |
API Access
Verano Holdings EBIT 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=ebit-margin&ticker=VRNO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebit-margin", "ticker": "VRNO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebit-margin&ticker=VRNO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();