Verano Holdings reported a gross margin of 45.75% and a net margin of -6.15% for the quarter ended Jun 2026. These financial ratios cover 21 quarters of results from Jun 2021 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | |||||||||||||||||||||
| Gross Margin | 47.56% | 51.71% | 48.76% | 43.87% | 54.04% | 45.74% | 48.09% | 49.20% | 55.49% | 49.59% | 51.04% | 51.41% | 50.35% | 49.28% | 47.46% | 55.86% | 46.96% | 51.16% | 47.54% | 45.75% | |
| EBT Margin | 7.33% | 14.30% | 12.65% | 0.56% | 11.59% | -95.89% | 8.40% | 6.24% | 11.26% | -13.89% | 3.01% | 3.94% | 1.34% | -145.85% | 2.78% | 7.91% | -7.59% | -83.57% | -2.98% | -4.81% | |
| EBIT Margin | 11.15% | 13.92% | 5.47% | -1.02% | 16.29% | -91.61% | 14.88% | 13.00% | 16.78% | -8.31% | 10.24% | 12.26% | 7.74% | -139.26% | 7.15% | 12.96% | 4.57% | -76.27% | 6.29% | 1.44% | |
| EBITDA Margin | 11.15% | 13.92% | 5.47% | -1.02% | 16.29% | -91.61% | 14.88% | 13.00% | 16.78% | -8.31% | 10.24% | 12.26% | 7.74% | -139.26% | 7.15% | 12.96% | 4.57% | -76.27% | 6.29% | 1.44% | |
| Operating Margin | 11.15% | 13.92% | 5.47% | -1.02% | 16.29% | -91.61% | 14.88% | 13.00% | 16.78% | -8.31% | 10.24% | 12.26% | 7.74% | -139.26% | 7.15% | 12.96% | 4.57% | -76.27% | 6.29% | 1.44% | |
| Net Margin | -5.79% | -3.23% | 0.04% | -4.40% | -18.89% | -95.65% | -4.07% | -5.58% | -7.40% | -32.58% | -2.18% | -9.79% | -19.64% | -124.98% | -5.49% | -9.47% | -21.61% | -88.77% | -8.56% | -6.15% | |
| FCF Margin | 15.91% | 6.48% | -6.85% | -13.13% | -0.53% | 8.67% | 3.66% | 6.79% | 11.10% | 9.50% | 9.64% | -4.76% | -12.39% | 13.41% | -5.76% | 0.21% | 9.32% | 2.12% | 1.75% | 8.61% | |
| Efficiency | |||||||||||||||||||||
| Inventory AverageInventory Avg. | 0.07B | 0.08B | 0.16B | 0.17B | 0.16B | 0.15B | 0.15B | 0.15B | 0.16B | 0.17B | 0.18B | 0.19B | 0.19B | 0.20B | 0.22B | 0.22B | 0.23B | 0.23B | |||
| Assets AverageAssets Avg. | 2.61B | 2.51B | 2.38B | 2.36B | 2.35B | 2.34B | 2.32B | 2.28B | 2.28B | 2.15B | 1.98B | 1.96B | 1.93B | 1.83B | 1.72B | 1.70B | |||||
| Invested CapitalInvested Cap. | 1.98B | 2.21B | 1.99B | 1.78B | 1.78B | 1.77B | 1.74B | 1.74B | 1.74B | 1.62B | 1.66B | 1.38B | 1.38B | 1.33B | 1.29B | 1.11B | 1.09B | 1.08B | |||
| Asset Utilization RatioAsset Util. | 0.33 | 0.35 | 0.38 | 0.39 | 0.39 | 0.40 | 0.40 | 0.40 | 0.39 | 0.41 | 0.44 | 0.43 | 0.43 | 0.45 | 0.48 | 0.49 | |||||
| Leverage & Solvency | |||||||||||||||||||||
| Debt Ratio | 0.20 | 0.25 | 0.17 | 0.18 | 0.19 | 0.19 | 0.18 | 0.21 | 0.22 | 0.18 | 0.19 | 0.22 | 0.22 | 0.21 | 0.21 | 0.23 | 0.24 | 0.24 | |||
| Dividends & Payouts | |||||||||||||||||||||
| Dividend Coverage RatioDiv. Cover | -2.46 | -343.87 | |||||||||||||||||||
| FCF Payout RatioFCF Cover | -0.39 | 0.00 | |||||||||||||||||||
| Dividend YieldDiv. Yield | 0.20% | 0.00% | |||||||||||||||||||
| Payout Ratio | -0.41 | 0.00 | |||||||||||||||||||
| Valuation | |||||||||||||||||||||
| Price to EarningsP/E | -0.00B | -0.00B | 0.00B | -904.88 | -174.55 | -48.13 | -0.00B | -752.94 | -881.30 | -199.45 | -0.00B | -568.50 | -280.65 | -16.36 | -203.05 | -56.45 | -57.12 | -25.03 | -226.91 | -71.30 | |
| Price to SalesP/S | 87.02 | 96.49 | 80.57 | 39.84 | 32.97 | 46.04 | 42.87 | 42.01 | 65.21 | 64.99 | 92.35 | 55.64 | 55.13 | 20.45 | 11.14 | 5.34 | 12.35 | 22.22 | 19.43 | 4.39 | |
| Price to BookP/B | 13.78 | 5.75 | 4.87 | 7.75 | 7.28 | 7.41 | 11.92 | 12.43 | 16.50 | 10.13 | 9.81 | 4.69 | 2.48 | 1.17 | 2.83 | 6.52 | 5.89 | 1.41 | |||
| Enterprise Value | 17.97B | 20.30B | 16.30B | 8.82B | 7.43B | 10.32B | 9.64B | 9.73B | 15.53B | 15.24B | 20.24B | 12.24B | 11.88B | 4.37B | 2.25B | 1.01B | 2.42B | 4.51B | 3.97B | 0.87B | |
| EV to EBIT | 780.70 | 689.82 | 0.00B | -0.00B | 200.35 | -49.84 | 285.33 | 319.80 | 385.36 | -773.20 | 892.96 | 449.02 | 708.47 | -14.39 | 150.12 | 38.56 | 260.79 | -28.60 | 302.95 | 276.56 | |
| EV to EBITDA | 780.70 | 689.82 | 0.00B | -0.00B | 200.35 | -49.84 | 285.33 | 319.80 | 385.36 | -773.20 | 892.96 | 449.02 | 708.47 | -14.39 | 150.12 | 38.56 | 260.79 | -28.60 | 302.95 | 276.56 | |
| Market Capitalization | 17.97B | 20.40B | 16.30B | 8.91B | 7.50B | 10.40B | 9.73B | 9.83B | 15.66B | 15.41B | 20.44B | 12.37B | 11.95B | 4.46B | 2.34B | 1.08B | 2.50B | 4.59B | 4.04B | 0.96B | |
| Price to FCFP/FCF | 546.87 | 0.00B | -0.00B | -303.49 | -0.00B | 531.14 | 0.00B | 618.81 | 587.25 | 684.42 | 957.64 | -0.00B | -444.83 | 152.54 | -193.59 | 0.00B | 132.51 | 0.00B | 0.00B | 50.99 | |
| EV to FCF | 546.87 | 0.00B | -0.00B | -300.33 | -0.00B | 526.81 | 0.00B | 612.35 | 582.37 | 676.66 | 948.56 | -0.00B | -442.40 | 149.50 | -186.47 | 0.00B | 128.04 | 0.00B | 0.00B | 46.35 | |
| EV to CFO | 285.09 | 322.21 | 472.91 | 959.37 | 342.89 | 355.28 | 571.64 | 407.55 | 423.95 | 471.10 | 652.18 | 0.00B | 399.61 | 100.54 | 0.00B | 92.72 | 91.80 | 326.18 | 213.50 | 28.38 | |
| Return Ratios | |||||||||||||||||||||
| Return on Sales [ROS]ROS | 11.15% | 13.92% | 5.47% | -1.02% | 16.29% | -91.61% | 14.88% | 13.00% | 16.78% | -8.31% | 10.24% | 12.26% | 7.74% | -139.26% | 7.15% | 12.96% | 4.57% | -76.27% | 6.29% | 1.44% | |
| Return on Capital Employed [ROCE]ROCE | 3.38% | -7.59% | -6.86% | -5.26% | -5.13% | 4.41% | 3.87% | 3.68% | 2.55% | -12.15% | -13.50% | -13.60% | -14.16% | -6.32% | -6.79% | -8.28% | |||||
| Return on Invested Capital [ROIC]ROIC | -2.56% | -14.08% | -12.75% | -10.72% | -9.59% | -20.57% | -31.16% | -53.67% | 28.72% | -17.77% | -20.55% | -21.38% | -21.52% | -13.84% | -14.66% | -15.35% | |||||
| Return on Assets [ROA]ROA | -2.28% | -10.71% | -11.68% | -11.93% | -10.90% | -5.02% | -4.87% | -5.34% | -6.43% | -15.87% | -17.59% | -17.69% | -17.96% | -14.07% | -15.32% | -15.17% |