Verano Holdings (VRNO) Net Margin (2021 - 2026)
Verano Holdings (VRNO) posted quarterly Net Margin of 8.56% for Q1 2026, down 307.0% year-over-year from 4.14% in Q1 2025, and up 90.36% quarter-over-quarter from 88.77% in Q4 2025.
Verano Holdings (VRNO) Net Margin (2021 - 2026) Analysis & Trends
Verano Holdings (VRNO) has reported Net Margin for 6 consecutive years, with 8.56% the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Margin fell 307.0% year-over-year to 8.56%; the TTM figure through Mar 2026 stood at 32.23% (up 797.0% YoY), while the FY2025 annual figure was 31.39%, up 752.0% from the prior year.
- Net Margin climbed to 8.56% in Q1 2026 per VRNO's latest filing, from 88.77% in the prior quarter.
- Across five years, Net Margin topped out at 22.68% in Q1 2022 and bottomed at 564.64% in Q1 2024.
- Historically, Net Margin has averaged 58.76% across 5 years, with a median of 9.79% in 2024.
- Annual changes were most pronounced in 2024 — Net Margin plunged 56057 bps — and 2025, when it surged 55915 bps.
- Verano Holdings' Net Margin stood at 95.65% in 2022, then surged by 66 bps to 32.58% in 2023, then slumped by 284 bps to 124.98% in 2024, then climbed by 29 bps to 88.77% in 2025, then soared by 90 bps to 8.56% in 2026.
- Business Quant data shows VRNO's Net Margin at 8.56% in Q1 2026, 88.77% in Q4 2025, and 21.61% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Haleon | 43.83 Bn | 42.86 Bn | - | - |
| 2 | Teva Pharmaceutical Industries | 42.87 Bn | 39.22 Bn | 2.15 Bn | -13.91% |
| 3 | Zoetis | 31.41 Bn | 29.73 Bn | 1.05 Bn | 35.09% |
| 4 | Takeda Pharmaceutical | 28.55 Bn | 22.75 Bn | 5.10 Bn | 9.28% |
| 5 | United Therapeutics | 22.08 Bn | 19.42 Bn | 683.80 Mn | 42.51% |
| 6 | Viatris | 18.73 Bn | 17.84 Bn | 1.46 Bn | -3.16% |
| 7 | Neurocrine Biosciences | 15.44 Bn | 15.05 Bn | 935.80 Mn | 15.06% |
| 8 | Elanco Animal Health | 11.75 Bn | 11.22 Bn | 798.00 Mn | 3.95% |
| 9 | Dr Reddys Laboratories | 10.11 Bn | 9.94 Bn | - | - |
| 10 | Verano Holdings | 433.71 Mn | 348.51 Mn | 99.70 Mn | -6.15% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -6.15% |
| Mar 31, 2026 | -8.56% |
| Dec 31, 2025 | -88.77% |
| Sep 30, 2025 | -21.61% |
| Jun 30, 2025 | -9.47% |
| Mar 31, 2025 | -5.49% |
| Dec 31, 2024 | -124.98% |
| Sep 30, 2024 | -19.64% |
| Jun 30, 2024 | -9.79% |
| Mar 31, 2024 | -564.64% |
| Dec 31, 2023 | -32.58% |
| Sep 30, 2023 | -7.40% |
| Jun 30, 2023 | -5.58% |
| Mar 31, 2023 | -4.07% |
| Dec 31, 2022 | -95.65% |
| Sep 30, 2022 | -18.89% |
| Jun 30, 2022 | -4.40% |
| Mar 31, 2022 | 22.68% |
| Dec 31, 2021 | -3.23% |
| Sep 30, 2021 | -5.79% |