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Verano Holdings Corp. VRNO

· stock · Agricultural Production-Crops · website · IPO 2021-02-17 · LEI

Verano Holdings Corp. statistics & valuation

Market cap$594.0M
P / S0.7×
P / B0.8×
P / FCF51.1×
Net margin-31.4%
Return on equity-36.6%
FCF margin1.4%
Net debt$317.0M
Net debt / EBITDA18.6×
Enterprise value USD$911.0M
EV / EBITDA53.4×
Earnings yield EBIT/EV-11.8%
Return on capital-6.7%

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

Profitability & efficiency

Net margin (%)
-7.80% -30.60% -12.50% -38.90% -31.40% 20212022202320242025
Gross margin (%)
44.90% 48.10% 50.60% 50.50% 50.30% 20212022202320242025
Operating margin (%)
8.80% -18.30% 9.00% -27.00% -13.00% 20212022202320242025
Return on equity (%)
-3.90% -20.10% -9.50% -35.90% -36.60% 20212022202320242025
Shares outstanding
307.2M 331.4M 342.8M 349.6M 360.9M 20212022202320242025
Net debt ($)
$190.8M $328.2M $270.9M $326.1M $317.0M 20212022202320242025
Share buybacks ($)
20212022202320242025
Return on assets (%)
-2.30% -11.20% -5.10% -17.10% -14.80% 20212022202320242025
Free cash flow margin (%)
5.60% -2.80% 7.80% 1.50% 1.40% 20212022202320242025
Debt / equity (×)
0.20× 0.31× 0.36× 0.43× 0.57× 20212022202320242025
EPS ($)
-$0.20 -$0.81 -$0.34 -$0.98 -$0.71 20212022202320242025

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)

RatioFY2025FY2024FY2023FY2022FY2021
Gross margin50.3%50.5%50.6%48.1%44.9%
Operating margin-13.0%-27.0%9.0%-18.3%8.8%
Net margin-31.4%-38.9%-12.5%-30.6%-7.8%
FCF margin1.4%1.5%7.8%-2.8%5.6%
Return on assets-14.8%-17.1%-5.1%-11.2%-2.3%
Return on equity-36.6%-35.9%-9.5%-20.1%-3.9%
Debt / equity0.57×0.43×0.36×0.31×0.20×
Current ratio2.881.790.960.820.59

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