Verano Holdings (VRNO) Return on Assets [ROA] (2022 - 2026)
Verano Holdings (VRNO) recorded Return on Assets [ROA] of -12.84% in Q3 2026, up 5.12 percentage points from -17.96% a year earlier and up 2.33 percentage points from the prior quarter.
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Analysis
Verano Holdings (VRNO) Return on Assets [ROA] (2022 - 2026) Analysis & Trends
For FY2025, Verano Holdings reported Return on Assets [ROA] of -13.81%, up 2.05 percentage points from FY2024.
- Annual Return on Assets [ROA] has a three-year change of -2.93 percentage points (FY2022 to FY2025).
- Across earlier years, Return on Assets [ROA] came in at -15.85% in FY2024 (-10.88 pp), -4.98% in FY2023 (+5.90 pp) and -10.88% in FY2022.
- The Q3 2026 figure is the highest quarterly Return on Assets [ROA] since Q3 2024.
- On a year-over-year basis, Return on Assets [ROA] has increased for four consecutive quarters, with an average year-over-year change of -4.47 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Assets [ROA] in the last five years was a gain of 6.80 percentage points in Q1 2024, against a drop of 12.72 percentage points in Q1 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at -15.17% (Q2 2026), -15.32% (Q1 2026) and -14.07% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.85 Bn | 281.83 Bn | 7.85 Bn | 16.80% |
| 2 | British American Tobacco p.l.c | 140.62 Bn | 117.27 Bn | - | - |
| 3 | Altria | 126.99 Bn | 113.97 Bn | 3.94 Bn | 23.91% |
| 4 | RLX Technology | 2.37 Bn | -1.38 Bn | 52.74 Mn | 5.78% |
| 5 | Curaleaf Holdings | 2.36 Bn | 1.98 Bn | 170.48 Mn | -0.29% |
| 6 | Verano Holdings | 2.05 Bn | 1.71 Bn | 100.04 Mn | -12.84% |
| 7 | Trulieve Cannabis | 1.89 Bn | 629.78 Mn | 148.02 Mn | -21.29% |
| 8 | Green Thumb Industries | 1.59 Bn | 362.48 Mn | 146.79 Mn | 3.35% |
| 9 | Cronos | 1.25 Bn | -1.89 Bn | 32.28 Mn | 5.78% |
| 10 | Turning Point Brands | 1.25 Bn | 333.93 Mn | 85.18 Mn | 5.02% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -12.84% |
| Jun 30, 2026 | -15.17% |
| Mar 31, 2026 | -15.32% |
| Dec 31, 2025 | -14.07% |
| Sep 30, 2025 | -17.96% |
| Jun 30, 2025 | -17.69% |
| Mar 31, 2025 | -17.59% |
| Dec 31, 2024 | -15.87% |
| Sep 30, 2024 | -6.43% |
| Jun 30, 2024 | -5.34% |
| Mar 31, 2024 | -4.87% |
| Dec 31, 2023 | -5.02% |
| Sep 30, 2023 | -10.90% |
| Jun 30, 2023 | -11.93% |
| Mar 31, 2023 | -11.68% |
| Dec 31, 2022 | -10.71% |
| Sep 30, 2022 | -2.28% |
API Access
Verano Holdings Return on Assets [ROA] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-assets-%5Broa%5D&ticker=VRNO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "ticker": "VRNO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-assets-%5Broa%5D&ticker=VRNO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();