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Ascend Wellness Holdings, Inc. AAWH

OTC · stock · Medicinal Chemicals & Botanical Products · website · IPO 2021-05-04 · LEI

Ascend Wellness Holdings, Inc. statistics & valuation

Market cap$101.5M
P / S0.2×
P / FCF8.4×
FCF margin2.4%
Net debt$233.8M
Net debt / EBITDA4.1×
Enterprise value USD$335.4M
EV / EBITDA5.9×
Earnings yield EBIT/EV-5.1%
Return on capital-2.1%

Market cap as of 2026-06-30. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Gross margin (%)
42.40% 40.90% 33.10% 29.90% 32.80% 33.90% 202020212022202320242025
Operating margin (%)
5.50% -5.20% -1.90% -0.70% 0.80% -3.40% 202020212022202320242025
Return on equity (%)
-671.90% -69.50% -49.50% 202020212022202320242025
Shares outstanding
95.2M 171.6M 188.1M 206.9M 212.4M 203.5M 202020212022202320242025
Net debt ($)
$95.7M $75.4M $219.8M $233.8M 202020212022202320242025
Share buybacks ($)
202020212022202320242025
Return on assets (%)
-5.90% -17.00% -9.30% 202020212022202320242025
Free cash flow margin (%)
-22.60% -39.20% -29.60% 9.90% 9.00% 2.40% 202020212022202320242025
Debt / equity (×)
40.22× 1.31× 4.29× 202020212022202320242025
EPS ($)
-$0.27 -$0.82 -$0.44 -$0.24 -$0.40 -$0.58 202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020
Gross margin33.9%32.8%29.9%33.1%40.9%42.4%
Operating margin-3.4%0.8%-0.7%-1.9%-5.2%5.5%
Net margin———-19.9%-36.9%-17.7%
FCF margin2.4%9.0%9.9%-29.6%-39.2%-22.6%
Return on assets———-9.3%-17.0%-5.9%
Return on equity———-49.5%-69.5%-671.9%
Debt / equity-6.74×4.29×——1.31×40.22×
Current ratio1.921.592.471.792.201.16

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.