Verano Holdings (VRNO) EBIT Margin (2021 - 2026)
Verano Holdings' (VRNO) quarterly EBIT Margin came in at 1.44% in Q2 2026, down 1152.0% year-over-year from 0.14% in Q2 2025, and down 77.08% quarter-over-quarter from 6.29% in Q1 2026.
Analysis
Verano Holdings (VRNO) EBIT Margin (2021 - 2026) Analysis & Trends
Verano Holdings (VRNO) has reported EBIT Margin for 6 consecutive years, with 1.44% the latest figure, recorded in Q2 2026.
- On a quarterly basis, EBIT Margin fell 1152.0% year-over-year to 1.44% in Q2 2026; TTM through Jun 2026 was 15.81%, a 1323.0% increase from a year earlier, with the FY2025 full-year figure at 13.04%, up 1396.0% from the prior year.
- EBIT Margin was 1.44% for Q2 2026 at Verano Holdings, down from 6.29% in the prior quarter.
- Over five years, EBIT Margin peaked at 16.78% in Q3 2023 and troughed at 139.26% in Q4 2024.
- A 5-year average of 10.41% and a median of 6.72% in 2025 frame the typical range for EBIT Margin.
- Across the five-year window, EBIT Margin jumped 8330 bps in 2023 and plunged 13095 bps in 2024, its largest moves.
- Over 5 years, EBIT Margin stood at 91.61% in 2022, then soared by 91 bps to 8.31% in 2023, then slumped by 1576 bps to 139.26% in 2024, then surged by 45 bps to 76.27% in 2025, then soared by 102 bps to 1.44% in 2026.
- The last three EBIT Margin figures came in at 1.44% (Q2 2026), 6.29% (Q1 2026), and 76.27% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT 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 | 1.44% |
| 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% |