Verano Holdings (VRNO) EBITDA Margin (2021 - 2026)

Verano Holdings (VRNO) reported EBITDA Margin of 6.29% for Q1 2026, down 86.0% year-over-year from 44.94% in Q1 2025, and up 108.25% quarter-over-quarter from 76.27% in Q4 2025.

Verano Holdings (VRNO) EBITDA Margin (2021 - 2026) Analysis & Trends

Verano Holdings (VRNO) has 6 years of EBITDA Margin data on file, last reported at 6.29% in Q1 2026.

  • EBITDA Margin for Q1 2026 came in at 6.29%, down 86.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 13.29% (up 1494.0% YoY), and the FY2025 annual result was 13.04%, up 1396.0% from the prior year.
  • EBITDA Margin grew to 6.29% in Q1 2026 per VRNO's latest filing, from 76.27% in the prior quarter.
  • Over five years, EBITDA Margin peaked at 2654.68% in Q1 2024 and troughed at 139.26% in Q4 2024.
  • A 5-year average of 144.17% and a median of 7.15% in 2025 frame the typical range for EBITDA Margin.
  • The sharpest annual moves came in 2024 and 2025: EBITDA Margin soared 263981 bps in 2024, then slumped 264753 bps in 2025.
  • A 5-year view of EBITDA Margin shows it stood at 91.61% in 2022, then jumped by 91 bps to 8.31% in 2023, then sank by 1576 bps to 139.26% in 2024, then soared by 45 bps to 76.27% in 2025, then soared by 108 bps to 6.29% in 2026.
  • Business Quant data shows VRNO's EBITDA Margin at 6.29% in Q1 2026, 76.27% in Q4 2025, and 4.57% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA Margin (Qtr)
1 Teva Pharmaceutical Industries 39.72 Bn 35.98 Bn 1.97 Bn 16.37%
2 Zoetis 34.61 Bn 32.67 Bn 1.62 Bn 36.83%
3 United Therapeutics 24.07 Bn 21.91 Bn 648.10 Mn 41.69%
4 Aurora Cannabis 16.98 Bn 16.91 Bn 33.43 Mn -1.01%
5 Neurocrine Biosciences 16.64 Bn 15.32 Bn 800.70 Mn 22.74%
6 Elanco Animal Health 12.19 Bn 11.76 Bn 785.00 Mn 22.39%
7 Alkermes 7.37 Bn 6.86 Bn -116.06 Mn -170.35%
8 Hims & Hers Health 6.62 Bn 5.87 Bn 396.79 Mn -16.25%
9 Lantheus Holdings 6.47 Bn 5.97 Bn 230.92 Mn 21.55%
10 Verano Holdings - - 98.98 Mn 6.29%

Historic Data

Download Data
DateValue
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 2,654.68%
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 0.81%
Dec 31, 2021 13.92%
Sep 30, 2021 11.15%
Jun 30, 2021 -0.08%