Verano Holdings (VRNO) Return on Equity [ROE] (2022 - 2026)
Verano Holdings' Return on Equity [ROE] came in at -32.44% for Q3 2026, up 5.90 percentage points from -38.34% a year earlier and up 5.49 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 Q3 2026 figure represents the highest quarterly Return on Equity [ROE] since Q4 2024.
- Year-over-year, Return on Equity [ROE] increased in 1 of the last eight quarters, with an average year-over-year change of -12.58 percentage points.
- 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 -37.92% (Q2 2026), -38.00% (Q1 2026) and -32.44% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.85 Bn | 281.83 Bn | 7.85 Bn | - |
| 2 | British American Tobacco p.l.c | 140.62 Bn | 117.27 Bn | - | - |
| 3 | Altria | 126.99 Bn | 113.97 Bn | 3.94 Bn | - |
| 4 | RLX Technology | 2.37 Bn | -1.38 Bn | 52.74 Mn | 6.29% |
| 5 | Curaleaf Holdings | 2.36 Bn | 1.98 Bn | 170.48 Mn | -0.94% |
| 6 | Verano Holdings | 2.05 Bn | 1.71 Bn | 100.04 Mn | -32.48% |
| 7 | Trulieve Cannabis | 1.89 Bn | 629.78 Mn | 148.02 Mn | -58.10% |
| 8 | Green Thumb Industries | 1.59 Bn | 362.48 Mn | 146.79 Mn | 5.10% |
| 9 | Cronos | 1.25 Bn | -1.89 Bn | 32.28 Mn | 6.13% |
| 10 | Turning Point Brands | 1.25 Bn | 333.93 Mn | 85.18 Mn | 9.46% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -32.48% |
| Jun 30, 2026 | -37.98% |
| Mar 31, 2026 | -38.00% |
| Dec 31, 2025 | -32.48% |
| Sep 30, 2025 | -38.37% |
| 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();