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
DateValue
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%