Verano Holdings (VRNO) FCF Margin (2021 - 2026)
Verano Holdings' (VRNO) quarterly FCF Margin came in at 8.61% in Q2 2026, up 839.0% year-over-year from 0.92% in Q2 2025, and up 390.84% quarter-over-quarter from 1.75% in Q1 2026.
Analysis
Verano Holdings (VRNO) FCF Margin (2021 - 2026) Analysis & Trends
Verano Holdings (VRNO) has reported FCF Margin for 6 consecutive years, with 8.61% the latest figure, recorded in Q2 2026.
- On a quarterly basis, FCF Margin rose 839.0% year-over-year to 8.61% in Q2 2026; TTM through Jun 2026 was 5.47%, a 656.0% increase from a year earlier, with the FY2025 full-year figure at 1.42%, down 8.0% from the prior year.
- FCF Margin was 8.61% for Q2 2026 at Verano Holdings, up from 1.75% in the prior quarter.
- Over five years, FCF Margin peaked at 13.41% in Q4 2024 and troughed at 13.13% in Q2 2022.
- A 5-year average of 2.3% and a median of 2.89% in 2023 frame the typical range for FCF Margin.
- Across the five-year window, FCF Margin plunged 2350 bps in 2024 and surged 2171 bps in 2025, its largest moves.
- Over 5 years, FCF Margin stood at 8.67% in 2022, then grew by 10 bps to 9.5% in 2023, then soared by 41 bps to 13.41% in 2024, then sank by 84 bps to 2.12% in 2025, then soared by 306 bps to 8.61% in 2026.
- The last three FCF Margin figures came in at 8.61% (Q2 2026), 1.75% (Q1 2026), and 2.12% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Curaleaf Holdings | 2.66 Bn | 2.56 Bn | 169.91 Mn | -6.05% |
| 2 | Trulieve Cannabis | 2.27 Bn | 1.94 Bn | 162.29 Mn | 11.86% |
| 3 | Green Thumb Industries | 1.71 Bn | 1.42 Bn | 137.87 Mn | 2.87% |
| 4 | Cronos | 1.18 Bn | 379.85 Mn | 28.45 Mn | 31.55% |
| 5 | Glass House Brands | 666.14 Mn | 647.59 Mn | 15.77 Mn | 4.87% |
| 6 | Vireo Growth | 545.10 Mn | 402.80 Mn | 95.30 Mn | -50.55% |
| 7 | Tilray Brands | 470.81 Mn | 236.18 Mn | 90.52 Mn | -16.85% |
| 8 | Verano Holdings | 434.44 Mn | 349.24 Mn | 99.70 Mn | 8.61% |
| 9 | Canopy Growth | 406.26 Mn | 159.25 Mn | 16.08 Mn | -25.65% |
| 10 | Sndl | 362.57 Mn | 230.02 Mn | 40.74 Mn | 2.32% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.61% |
| 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 | 9.64% |
| Dec 31, 2023 | 9.50% |
| Sep 30, 2023 | 11.10% |
| Jun 30, 2023 | 6.79% |
| Mar 31, 2023 | 3.66% |
| Dec 31, 2022 | 8.67% |
| Sep 30, 2022 | -0.53% |
| Jun 30, 2022 | -13.13% |
| Mar 31, 2022 | -6.85% |
| Dec 31, 2021 | 6.48% |
| Sep 30, 2021 | 15.91% |