Verano Holdings (VRNO) EBT Margin (2021 - 2026)
Verano Holdings' (VRNO) quarterly EBT Margin came in at 2.98% in Q1 2026, down 576.0% year-on-year from 0.63% in Q1 2025, and up 96.44% on a QoQ basis from 83.57% in Q4 2025.
Verano Holdings (VRNO) EBT Margin (2021 - 2026) Analysis & Trends
Verano Holdings (VRNO) has 6 years of EBT Margin data on file, last reported at 2.98% in Q1 2026.
- On a quarterly basis, EBT Margin fell 576.0% year-over-year to 2.98% in Q1 2026; TTM through Mar 2026 was 21.74%, a 1294.0% increase from a year earlier, with the FY2025 full-year figure at 20.23%, up 1390.0% from the prior year.
- EBT Margin for Q1 2026 stood at 2.98%, up from 83.57% in the prior quarter.
- Over the last five years, EBT Margin for VRNO reached as high as 779.27% in Q1 2024 and fell as low as 145.85% in Q4 2024.
- Historically, EBT Margin has averaged 29.19% across 5 years, with a median of 2.78% in 2025.
- Across the five-year window, EBT Margin surged 77087 bps in 2024 and plunged 77649 bps in 2025, its largest moves.
- Year by year, EBT Margin stood at 95.89% in 2022, then soared by 86 bps to 13.89% in 2023, then slumped by 950 bps to 145.85% in 2024, then surged by 43 bps to 83.57% in 2025, then soared by 96 bps to 2.98% in 2026.
- Per Business Quant data, the three most recent EBT Margin figures were 2.98% in Q1 2026, 83.57% in Q4 2025, and 7.59% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Haleon | 87.22 Bn | 85.35 Bn | - | - |
| 2 | Teva Pharmaceutical Industries | 39.60 Bn | 35.87 Bn | 1.97 Bn | 10.97% |
| 3 | Zoetis | 31.46 Bn | 29.52 Bn | 1.62 Bn | 33.51% |
| 4 | Takeda Pharmaceutical | 26.49 Bn | 22.44 Bn | 4.39 Bn | -41.57% |
| 5 | United Therapeutics | 23.03 Bn | 20.88 Bn | 648.10 Mn | 40.73% |
| 6 | Universe Pharmaceuticals | 23.03 Bn | -10.56 Bn | - | - |
| 7 | Viatris | 20.90 Bn | 19.09 Bn | 1.16 Bn | -7.05% |
| 8 | Neurocrine Biosciences | 17.50 Bn | 16.19 Bn | 800.70 Mn | 30.30% |
| 9 | Elanco Animal Health | 12.33 Bn | 11.91 Bn | 785.00 Mn | 6.35% |
| 10 | Verano Holdings | 2.02 Bn | 1.94 Bn | 98.98 Mn | -2.98% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -2.98% |
| Dec 31, 2025 | -83.57% |
| Sep 30, 2025 | -7.59% |
| Jun 30, 2025 | 7.91% |
| Mar 31, 2025 | 2.78% |
| Dec 31, 2024 | -145.85% |
| Sep 30, 2024 | 1.34% |
| Jun 30, 2024 | 3.94% |
| Mar 31, 2024 | 779.27% |
| Dec 31, 2023 | -13.89% |
| Sep 30, 2023 | 11.26% |
| Jun 30, 2023 | 6.24% |
| Mar 31, 2023 | 8.40% |
| Dec 31, 2022 | -95.89% |
| Sep 30, 2022 | 11.59% |
| Jun 30, 2022 | 0.56% |
| Mar 31, 2022 | 12.65% |
| Dec 31, 2021 | 14.30% |
| Sep 30, 2021 | 7.33% |
| Jun 30, 2021 | -3.09% |