Ascend Wellness Holdings reported a gross margin of 36.07% and a net margin of -7.78% for the quarter ended Jun 2026. These financial ratios cover 26 quarters of results from Mar 2020 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | Mar2020 | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||||||||||||||||||
| Gross Margin | 43.39% | 34.84% | 27.56% | 33.81% | 32.93% | 37.03% | 31.27% | 23.03% | 30.83% | 33.92% | 36.54% | 29.37% | 30.87% | 34.46% | 30.91% | 32.51% | 34.96% | 37.43% | 38.38% | 36.07% | ||||||
| EBT Margin | -0.76% | -9.12% | -24.34% | -9.95% | -5.11% | -2.78% | -7.41% | 4.54% | -3.20% | -5.26% | -3.97% | -6.84% | -13.05% | -4.41% | -6.43% | -9.88% | -10.86% | -26.93% | -15.04% | -12.31% | ||||||
| EBIT Margin | 12.30% | -0.83% | -17.37% | -0.62% | 2.23% | 4.80% | 0.22% | -6.49% | 2.51% | 0.40% | 1.81% | -1.08% | -1.71% | 4.48% | 1.94% | -0.79% | -1.06% | -14.24% | 2.18% | 4.19% | ||||||
| EBITDA Margin | 12.30% | -0.83% | -17.37% | -0.62% | 2.23% | 4.80% | 0.22% | -6.49% | 2.51% | 0.40% | 1.81% | -1.08% | -1.71% | 4.48% | 1.94% | -0.79% | -1.06% | -14.24% | 2.18% | 4.19% | ||||||
| Operating Margin | 12.30% | -0.83% | -17.37% | -0.62% | 2.23% | 4.80% | 0.22% | -6.49% | 2.51% | 0.40% | 1.81% | -1.08% | -1.71% | 4.48% | 1.94% | -0.79% | -1.06% | -14.24% | 2.18% | 4.19% | ||||||
| Net Margin | -13.80% | -18.66% | -32.69% | -21.72% | -15.16% | -13.43% | -16.18% | 0.68% | -7.96% | -13.80% | -12.75% | -15.39% | -19.95% | -12.35% | -15.05% | -19.17% | -20.70% | -40.40% | -25.22% | -7.78% | ||||||
| FCF Margin | -26.61% | -41.76% | -24.61% | -8.60% | -0.26% | -80.63% | 1.54% | 19.77% | 18.75% | -1.05% | -2.30% | 19.00% | -2.12% | 22.16% | -0.38% | 9.08% | -6.78% | 7.82% | -21.03% | 13.22% | ||||||
| Efficiency | ||||||||||||||||||||||||||
| Inventory AverageInventory Avg. | 51.55M | 60.80M | 71.91M | 82.86M | 89.78M | 94.80M | 97.95M | 93.96M | 89.32M | 92.19M | 101.06M | 105.32M | 100.61M | 93.47M | 87.57M | 83.95M | 82.50M | 83.69M | 85.93M | 84.71M | ||||||
| Assets AverageAssets Avg. | 647.82M | 720.16M | 718.82M | 771.50M | 838.00M | 859.69M | 871.12M | 884.82M | 903.77M | 913.77M | 920.70M | 925.61M | 912.62M | 898.15M | 908.58M | 910.30M | 902.11M | 904.15M | 890.01M | 880.21M | ||||||
| Invested CapitalInvested Cap. | 439.61M | 435.26M | 391.73M | 479.90M | 484.50M | 494.04M | 473.01M | 475.75M | 466.89M | 451.58M | 446.35M | 426.83M | 394.81M | 452.52M | 385.71M | 377.74M | 371.63M | 282.45M | 252.89M | 273.76M | ||||||
| Asset Utilization RatioAsset Util. | 0.46 | 0.46 | 0.49 | 0.47 | 0.46 | 0.47 | 0.50 | 0.52 | 0.54 | 0.57 | 0.59 | 0.61 | 0.62 | 0.63 | 0.60 | 0.59 | 0.57 | 0.55 | 0.55 | 0.55 | ||||||
| Leverage & Solvency | ||||||||||||||||||||||||||
| Interest Coverage RatioInterest Cover | 0.94 | -0.10 | -2.45 | -0.07 | 0.29 | 0.62 | 0.03 | -0.76 | 0.40 | 0.07 | 0.30 | -0.18 | -0.15 | 0.52 | 0.22 | -0.08 | -0.11 | -1.11 | 0.13 | 0.25 | ||||||
| Debt Ratio | 0.36 | 0.36 | 0.33 | 0.35 | 0.37 | 0.38 | 0.37 | 0.34 | 0.34 | 0.34 | 0.34 | 0.33 | 0.34 | 0.42 | 0.36 | 0.39 | 0.41 | 0.36 | 0.38 | 0.40 | ||||||
| Times Interest Earned | 0.94 | -0.10 | -2.45 | -0.07 | 0.29 | 0.62 | 0.03 | -0.76 | 0.40 | 0.07 | 0.30 | -0.18 | -0.15 | 0.52 | 0.22 | -0.08 | -0.11 | -1.11 | 0.13 | 0.25 | ||||||
| Valuation | ||||||||||||||||||||||||||
| Price to EarningsP/E | -123.93 | -68.28 | -25.09 | -17.00 | -20.29 | -14.37 | -9.65 | 151.05 | -17.22 | -10.70 | -15.02 | -8.93 | -6.30 | -4.76 | -3.73 | -2.67 | -5.41 | -3.03 | -3.30 | -20.71 | ||||||
| Price to SalesP/S | 17.10 | 12.74 | 8.20 | 3.69 | 3.08 | 1.93 | 1.56 | 1.03 | 1.37 | 1.48 | 1.92 | 1.37 | 1.26 | 0.59 | 0.56 | 0.51 | 1.12 | 1.22 | 0.83 | 1.61 | ||||||
| Price to BookP/B | 8.77 | 6.39 | 4.42 | 1.93 | 1.97 | 1.32 | 1.20 | 0.77 | 1.21 | 1.45 | 2.01 | 1.66 | 2.00 | 1.11 | 1.36 | 2.31 | 54.23 | -3.11 | -1.28 | -2.36 | ||||||
| Enterprise Value | 1,409.82M | 971.84M | 554.03M | 219.44M | 250.71M | 142.13M | 104.90M | 58.99M | 129.66M | 134.37M | 200.97M | 111.91M | 113.51M | -7.47M | -27.38M | -29.39M | 53.35M | 62.77M | 37.26M | 136.87M | ||||||
| EV to EBIT | 121.40 | -0.00M | -37.49 | -362.71 | 101.22 | 26.41 | 411.36 | -7.39 | 36.55 | 238.24 | 78.05 | -73.53 | -46.96 | -1.23 | -11.01 | 29.33 | -40.27 | -3.66 | 14.63 | 25.92 | ||||||
| EV to EBITDA | 121.40 | -0.00M | -37.49 | -362.71 | 101.22 | 26.41 | 411.36 | -7.39 | 36.55 | 238.24 | 78.05 | -73.53 | -46.96 | -1.23 | -11.01 | 29.33 | -40.27 | -3.66 | 14.63 | 25.92 | ||||||
| Market Capitalization | 1,614.33M | 1,127.32M | 697.83M | 359.99M | 342.10M | 216.27M | 178.19M | 127.03M | 193.58M | 206.88M | 272.83M | 194.58M | 177.96M | 79.96M | 71.83M | 65.06M | 139.80M | 147.62M | 97.36M | 203.05M | ||||||
| Price to FCFP/FCF | -64.29 | -30.51 | -33.33 | -42.94 | -0.00M | -2.39 | 101.07 | 5.23 | 7.31 | -139.97 | -83.15 | 7.23 | -59.32 | 2.65 | -148.41 | 5.63 | -16.54 | 15.67 | -3.96 | 12.18 | ||||||
| EV to FCF | -56.14 | -26.30 | -26.46 | -26.18 | -876.61 | -1.57 | 59.50 | 2.43 | 4.89 | -90.91 | -61.25 | 4.16 | -37.84 | -0.25 | 56.57 | -2.54 | -6.31 | 6.66 | -1.52 | 8.21 | ||||||
| EV to CFO | -137.69 | -49.98 | -54.08 | -21.39 | -140.85 | -8.84 | 18.15 | 2.32 | 4.72 | 8.06 | 51.53 | 3.47 | 57.56 | -0.21 | -4.61 | -1.65 | -26.64 | 3.85 | -1.92 | 6.10 | ||||||
| Return Ratios | ||||||||||||||||||||||||||
| Return on Sales [ROS]ROS | 12.30% | -0.83% | -17.37% | -0.62% | 2.23% | 4.80% | 0.22% | -6.49% | 2.51% | 0.40% | 1.81% | -1.08% | -1.71% | 4.48% | 1.94% | -0.79% | -1.06% | -14.24% | 2.18% | 4.19% | ||||||
| Return on Capital Employed [ROCE]ROCE | -2.21% | -2.85% | 0.00% | -0.69% | -1.95% | -1.01% | 0.99% | 0.02% | 0.15% | -0.44% | -0.16% | 0.63% | -0.10% | 0.63% | 0.61% | 0.64% | 0.78% | -2.14% | -2.11% | -1.39% | ||||||
| Return on Invested Capital [ROIC]ROIC | -4.92% | -5.96% | 0.00% | -2.07% | -5.28% | -3.17% | 4.12% | 0.12% | 1.06% | -2.57% | -1.16% | 3.07% | -0.41% | 2.38% | 2.25% | 2.65% | 3.57% | -9.20% | -10.68% | -5.83% | ||||||
| Return on Assets [ROA]ROA | -17.54% | -17.03% | -14.22% | -10.18% | -9.83% | -9.41% | -8.21% | -5.60% | -4.86% | -5.28% | -5.20% | -7.62% | -9.59% | -9.46% | -9.48% | -9.75% | -9.56% | -13.07% | -14.43% | -12.93% |