Verano Holdings (VRNO) Return on Equity [ROE] (2022 - 2026)
Verano Holdings' Return on Equity [ROE] came in at -37.92% for Q2 2026, down 0.87 percentage points from -37.06% a year earlier but up 0.07 percentage points from the prior quarter.
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Analysis
Verano Holdings (VRNO) Return on Equity [ROE] (2022 - 2026) Analysis & Trends
For FY2025, Verano Holdings' Return on Equity [ROE] was -31.17%, up 0.04 percentage points from FY2024.
- Return on Equity [ROE] carries a three-year change of -12.11 percentage points (FY2022 to FY2025).
- Going back by year, Return on Equity [ROE] was -31.21% in FY2024 (-22.12 pp), -9.09% in FY2023 (+9.96 pp) and -19.05% in FY2022.
- The five-year range for quarterly Return on Equity [ROE] is -38.34% (Q3 2025) to -3.86% (Q3 2022).
- Year-over-year, Return on Equity [ROE] has declined for seven consecutive quarters, with an average year-over-year change of -12.39 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Equity [ROE] over five years came in Q1 2024 (a gain of 11.66 percentage points), and the weakest in Q1 2025 (a drop of 27.73 percentage points).
- Business Quant data shows VRNO's Return on Equity [ROE] at -38.00% (Q1 2026), -32.44% (Q4 2025) and -38.34% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 297.66 Bn | 279.23 Bn | 7.66 Bn | - |
| 2 | British American Tobacco p.l.c | 125.80 Bn | 104.94 Bn | - | - |
| 3 | Altria | 112.42 Bn | 98.63 Bn | 3.82 Bn | - |
| 4 | Curaleaf Holdings | 2.73 Bn | 2.33 Bn | 169.91 Mn | -3.79% |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | 2.57% |
| 6 | Trulieve Cannabis | 2.10 Bn | 712.57 Mn | 162.29 Mn | -49.72% |
| 7 | Green Thumb Industries | 1.33 Bn | 184.54 Mn | 137.87 Mn | 6.67% |
| 8 | Cronos | 1.22 Bn | -2.00 Bn | 28.45 Mn | 7.07% |
| 9 | Turning Point Brands | 1.18 Bn | 308.67 Mn | 93.70 Mn | 14.21% |
| 10 | Verano Holdings | 808.33 Mn | 481.94 Mn | 99.70 Mn | -37.92% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -37.92% |
| Mar 31, 2026 | -38.00% |
| Dec 31, 2025 | -32.44% |
| Sep 30, 2025 | -38.34% |
| Jun 30, 2025 | -37.06% |
| Mar 31, 2025 | -36.84% |
| Dec 31, 2024 | -31.53% |
| Sep 30, 2024 | -12.01% |
| Jun 30, 2024 | -9.89% |
| Mar 31, 2024 | -9.11% |
| Dec 31, 2023 | -9.19% |
| Sep 30, 2023 | -19.41% |
| Jun 30, 2023 | -21.14% |
| Mar 31, 2023 | -20.78% |
| Dec 31, 2022 | -18.66% |
| Sep 30, 2022 | -3.86% |
API Access
Verano Holdings Return on Equity [ROE] 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-equity-%5Broe%5D&ticker=VRNO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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-equity-%5Broe%5D&ticker=VRNO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();