Verano Holdings (VRNO) EBT Margin (2021 - 2026)
Verano Holdings (VRNO) posted quarterly 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 reported EBT Margin for 6 consecutive years, with 2.98% the latest figure, recorded in Q1 2026.
- In Q1 2026, EBT Margin fell 576.0% year-over-year to 2.98%; the TTM figure through Mar 2026 stood at 21.74% (up 1294.0% YoY), while the FY2025 annual figure was 20.23%, up 1390.0% from the prior year.
- EBT Margin climbed to 2.98% in Q1 2026 per VRNO's latest filing, from 83.57% in the prior quarter.
- Across five years, EBT Margin topped out at 779.27% in Q1 2024 and bottomed at 145.85% in Q4 2024.
- Historically, EBT Margin has averaged 29.19% across 5 years, with a median of 2.78% in 2025.
- Annual changes were most pronounced in 2024 — EBT Margin jumped 77087 bps — and 2025, when it slumped 77649 bps.
- Verano Holdings' EBT Margin stood at 95.89% in 2022, then jumped by 86 bps to 13.89% in 2023, then slumped by 950 bps to 145.85% in 2024, then soared by 43 bps to 83.57% in 2025, then jumped 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 | Haleon | 43.91 Bn | 42.95 Bn | - | - |
| 2 | Teva Pharmaceutical Industries | 43.07 Bn | 39.42 Bn | 2.15 Bn | -10.99% |
| 3 | Zoetis | 31.54 Bn | 29.86 Bn | 1.05 Bn | 35.09% |
| 4 | Takeda Pharmaceutical | 28.61 Bn | 22.81 Bn | 5.10 Bn | 13.34% |
| 5 | United Therapeutics | 22.19 Bn | 19.53 Bn | 683.80 Mn | 47.58% |
| 6 | Viatris | 18.68 Bn | 17.79 Bn | 1.46 Bn | -1.70% |
| 7 | Neurocrine Biosciences | 15.50 Bn | 15.11 Bn | 935.80 Mn | 16.91% |
| 8 | Elanco Animal Health | 11.76 Bn | 11.23 Bn | 798.00 Mn | 4.09% |
| 9 | Dr Reddys Laboratories | 10.12 Bn | 9.96 Bn | - | - |
| 10 | Verano Holdings | 438.82 Mn | 353.62 Mn | 99.70 Mn | -4.81% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -4.81% |
| 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% |