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

Verano Holdings' (VRNO) quarterly FCF Margin came in at 1.75% in Q1 2026, up 751.0% year-on-year from 0.21% in Q1 2025, and down 17.31% on a QoQ basis from 2.12% in Q4 2025.

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

Verano Holdings (VRNO) has 6 years of FCF Margin data on file, last reported at 1.75% in Q1 2026.

  • On a quarterly basis, FCF Margin rose 751.0% year-over-year to 1.75% in Q1 2026; TTM through Mar 2026 was 3.34%, a 567.0% increase from a year earlier, with the FY2025 full-year figure at 1.42%, down 8.0% from the prior year.
  • FCF Margin for Q1 2026 stood at 1.75%, down from 2.12% in the prior quarter.
  • Over the last five years, FCF Margin for VRNO reached as high as 2499.06% in Q1 2024 and fell as low as 37.24% in Q3 2022.
  • Historically, FCF Margin has averaged 152.13% across 5 years, with a median of 3.66% in 2023.
  • Across the five-year window, FCF Margin surged 249540 bps in 2024 and tumbled 250482 bps in 2025, its largest moves.
  • Year by year, FCF Margin stood at 58.76% in 2022, then slumped by 61 bps to 22.74% in 2023, then slumped by 41 bps to 13.41% in 2024, then sank by 84 bps to 2.12% in 2025, then fell by 17 bps to 1.75% in 2026.
  • Per Business Quant data, the three most recent FCF Margin figures were 1.75% in Q1 2026, 2.12% in Q4 2025, and 9.32% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Haleon 87.22 Bn 85.35 Bn - -
2 Teva Pharmaceutical Industries 39.60 Bn 35.87 Bn 1.97 Bn -5.22%
3 Zoetis 31.46 Bn 29.52 Bn 1.62 Bn 12.86%
4 Takeda Pharmaceutical 26.49 Bn 22.44 Bn 4.39 Bn -5.35%
5 United Therapeutics 23.03 Bn 20.88 Bn 648.10 Mn 46.54%
6 Universe Pharmaceuticals 23.03 Bn -10.56 Bn - -
7 Viatris 20.90 Bn 19.09 Bn 1.16 Bn 9.93%
8 Neurocrine Biosciences 17.50 Bn 16.19 Bn 800.70 Mn 17.73%
9 Elanco Animal Health 12.33 Bn 11.91 Bn 785.00 Mn -2.77%
10 Verano Holdings 2.02 Bn 1.94 Bn 98.98 Mn 1.75%

Historic Data

Download Data
DateValue
Mar 31, 2026 1.75%
Dec 31, 2025 2.12%
Sep 30, 2025 9.32%
Jun 30, 2025 0.21%
Mar 31, 2025 -5.76%
Dec 31, 2024 13.41%
Sep 30, 2024 -12.39%
Jun 30, 2024 -4.76%
Mar 31, 2024 2,499.06%
Dec 31, 2023 22.74%
Sep 30, 2023 11.10%
Jun 30, 2023 6.79%
Mar 31, 2023 3.66%
Dec 31, 2022 58.76%
Sep 30, 2022 -37.24%
Jun 30, 2022 24.23%
Mar 31, 2022 -6.85%
Dec 31, 2021 6.48%
Sep 30, 2021 15.91%