Verano Holdings (VRNO) FCF Margin (2021 - 2026)
Verano Holdings (VRNO) posted quarterly FCF Margin of 1.75% for Q1 2026, up 751.0% year-over-year from 0.21% in Q1 2025, and down 17.31% quarter-over-quarter from 2.12% in Q4 2025.
Verano Holdings (VRNO) FCF Margin (2021 - 2026) Analysis & Trends
Verano Holdings (VRNO) has reported FCF Margin for 6 consecutive years, with 1.75% the latest figure, recorded in Q1 2026.
- In Q1 2026, FCF Margin rose 751.0% year-over-year to 1.75%; the TTM figure through Mar 2026 stood at 3.34% (up 567.0% YoY), while the FY2025 annual figure was 1.42%, down 8.0% from the prior year.
- FCF Margin slipped to 1.75% in Q1 2026 per VRNO's latest filing, from 2.12% in the prior quarter.
- Across five years, FCF Margin topped out at 2499.06% in Q1 2024 and bottomed at 37.24% in Q3 2022.
- Historically, FCF Margin has averaged 152.13% across 5 years, with a median of 3.66% in 2023.
- Annual changes were most pronounced in 2024 — FCF Margin jumped 249540 bps — and 2025, when it sank 250482 bps.
- Verano Holdings' 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 dropped by 17 bps to 1.75% in 2026.
- Business Quant data shows VRNO's FCF Margin at 1.75% in Q1 2026, 2.12% in Q4 2025, and 9.32% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Haleon | 43.91 Bn | 42.95 Bn | - | - |
| 2 | Teva Pharmaceutical Industries | 43.07 Bn | 39.42 Bn | 2.15 Bn | 7.41% |
| 3 | Zoetis | 31.54 Bn | 29.86 Bn | 1.05 Bn | 21.80% |
| 4 | Takeda Pharmaceutical | 28.61 Bn | 22.81 Bn | 5.10 Bn | 14.87% |
| 5 | United Therapeutics | 22.19 Bn | 19.53 Bn | 683.80 Mn | 26.25% |
| 6 | Viatris | 18.68 Bn | 17.79 Bn | 1.46 Bn | 8.76% |
| 7 | Neurocrine Biosciences | 15.50 Bn | 15.11 Bn | 935.80 Mn | 13.41% |
| 8 | Elanco Animal Health | 11.76 Bn | 11.23 Bn | 798.00 Mn | 17.84% |
| 9 | Dr Reddys Laboratories | 10.12 Bn | 9.96 Bn | - | - |
| 10 | Verano Holdings | 438.82 Mn | 353.62 Mn | 99.70 Mn | 8.61% |
Historic Data
Download 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 | 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% |