Verano Holdings (VRNO) Return on Capital Employed [ROCE] (2022 - 2026)
Verano Holdings' Return on Capital Employed [ROCE] was -8.28% in Q2 2026, up 5.32 percentage points from -13.60% a year earlier but down 1.50 percentage points from the prior quarter.
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Analysis
Verano Holdings (VRNO) Return on Capital Employed [ROCE] (2022 - 2026) Analysis & Trends
For FY2025, Return on Capital Employed [ROCE] at Verano Holdings came in at -6.20%, up 5.94 percentage points from FY2024.
- Return on Capital Employed [ROCE] shows a three-year change of +1.53 percentage points (FY2022 to FY2025).
- In earlier years, Return on Capital Employed [ROCE] was -12.14% in FY2024 (-16.50 pp), 4.36% in FY2023 (+12.08 pp) and -7.73% in FY2022.
- Quarterly Return on Capital Employed [ROCE] has moved between -14.16% (Q3 2025) and 4.41% (Q4 2023) over five years.
- Compared with a year earlier, Return on Capital Employed [ROCE] has increased for three straight quarters, with an average year-over-year change of -5.30 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Capital Employed [ROCE] over five years was Q4 2023 (a gain of 12.00 percentage points); the worst was Q1 2025 (a drop of 17.37 percentage points).
- Per Business Quant data, VRNO's Return on Capital Employed [ROCE] in the three quarters before Q2 2026 was -6.79% (Q1 2026), -6.32% (Q4 2025) and -14.16% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.85 Bn | 281.83 Bn | 7.85 Bn | 39.38% |
| 2 | British American Tobacco p.l.c | 140.62 Bn | 117.27 Bn | - | - |
| 3 | Altria | 126.99 Bn | 113.97 Bn | 3.94 Bn | 43.13% |
| 4 | RLX Technology | 2.37 Bn | -1.38 Bn | 52.74 Mn | 3.59% |
| 5 | Curaleaf Holdings | 2.36 Bn | 1.98 Bn | 170.48 Mn | 0.43% |
| 6 | Verano Holdings | 2.05 Bn | 1.71 Bn | 100.04 Mn | -8.14% |
| 7 | Trulieve Cannabis | 1.89 Bn | 629.78 Mn | 148.02 Mn | -13.88% |
| 8 | Green Thumb Industries | 1.59 Bn | 362.48 Mn | 146.79 Mn | 4.07% |
| 9 | Cronos | 1.25 Bn | -1.89 Bn | 32.28 Mn | 0.63% |
| 10 | Turning Point Brands | 1.25 Bn | 333.93 Mn | 85.18 Mn | 7.67% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -8.14% |
| Jun 30, 2026 | -8.28% |
| Mar 31, 2026 | -6.79% |
| Dec 31, 2025 | -6.32% |
| Sep 30, 2025 | -14.16% |
| Jun 30, 2025 | -13.60% |
| Mar 31, 2025 | -13.50% |
| Dec 31, 2024 | -12.15% |
| Sep 30, 2024 | 2.55% |
| Jun 30, 2024 | 3.68% |
| Mar 31, 2024 | 3.87% |
| Dec 31, 2023 | 4.41% |
| Sep 30, 2023 | -5.13% |
| Jun 30, 2023 | -5.26% |
| Mar 31, 2023 | -6.86% |
| Dec 31, 2022 | -7.59% |
| Sep 30, 2022 | 3.38% |
API Access
Verano Holdings Return on Capital Employed [ROCE] 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-capital-employed-%5Broce%5D&ticker=VRNO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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-capital-employed-%5Broce%5D&ticker=VRNO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();