Verano Holdings (VRNO) EBT Margin (2021 - 2026)
Verano Holdings (VRNO) reported EBT Margin of 2.98% for Q1 2026, down 576.0% year-over-year from 0.63% in Q1 2025, and up 96.44% quarter-over-quarter 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.
- EBT Margin for Q1 2026 came in at 2.98%, down 576.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 21.74% (up 1294.0% YoY), and the FY2025 annual result was 20.23%, up 1390.0% from the prior year.
- EBT Margin rose to 2.98% in Q1 2026 per VRNO's latest filing, from 83.57% in the prior quarter.
- Over five years, EBT Margin peaked at 779.27% in Q1 2024 and troughed at 145.85% in Q4 2024.
- A 5-year average of 29.19% and a median of 2.78% in 2025 frame the typical range for EBT Margin.
- The sharpest annual moves came in 2024 and 2025: EBT Margin jumped 77087 bps in 2024, then slumped 77649 bps in 2025.
- A 5-year view of EBT Margin shows it stood at 95.89% in 2022, then soared by 86 bps to 13.89% in 2023, then sank 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.
- Business Quant data shows VRNO's EBT Margin at 2.98% in Q1 2026, 83.57% in Q4 2025, and 7.59% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Teva Pharmaceutical Industries | 39.72 Bn | 35.98 Bn | 1.97 Bn | 10.97% |
| 2 | Zoetis | 34.61 Bn | 32.67 Bn | 1.62 Bn | 33.51% |
| 3 | United Therapeutics | 24.07 Bn | 21.91 Bn | 648.10 Mn | 40.73% |
| 4 | Aurora Cannabis | 16.98 Bn | 16.91 Bn | 33.43 Mn | 25.87% |
| 5 | Neurocrine Biosciences | 16.64 Bn | 15.32 Bn | 800.70 Mn | 30.30% |
| 6 | Elanco Animal Health | 12.19 Bn | 11.76 Bn | 785.00 Mn | 6.35% |
| 7 | Alkermes | 7.37 Bn | 6.86 Bn | -116.06 Mn | -156.77% |
| 8 | Hims & Hers Health | 6.62 Bn | 5.87 Bn | 396.79 Mn | -16.70% |
| 9 | Lantheus Holdings | 6.47 Bn | 5.97 Bn | 230.92 Mn | 41.45% |
| 10 | Verano Holdings | - | - | 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% |