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Ascend Wellness Holdings vs Cronos Group: AAWH and CRON compared
Ascend Wellness Holdings is the larger company: $126M of revenue in its latest quarter (Q2 2026) against $83.9M for Cronos Group (Q3 2026). Cronos Group is growing faster (+72% against -0.9% a year earlier). Cronos Group is more profitable, with an operating margin of 10.8% against 4.2%.
Where the money goes: AAWH and CRON
Ascend Wellness Holdings (AAWH) · Q2 2026
Ascend Wellness Holdings, Q2 2026: revenue $126M (-0.9% year over year), operating margin 4.2%, net loss $9.8M, operating cash flow $22.5M. The chart follows the revenue to costs, profit and cash.
Cronos Group (CRON) · Q3 2026
Cronos Group, Q3 2026: revenue $83.9M (+72% year over year), operating margin 10.8%, net earnings $13.8M, operating cash flow $34.3M. The chart follows the revenue to costs, profit and cash.
| Ascend Wellness Holdings (AAWH) | Cronos Group (CRON) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $126M | $83.9M |
| Revenue growth, Y/Y | -0.9% | +72% |
| Gross margin | — | 38.5% |
| Operating margin | 4.2% | 10.8% |
| Net earnings | −$9.8M | $13.8M |
| Net margin | -7.8% | 16.5% |
| Operating cash flow | $22.5M | $34.3M |
| Free cash flow | $16.7M | $24.4M |
Where the revenue comes from
Ascend Wellness Holdings
- Retail revenue: $92.7M (74%)
- Third-party wholesale revenue: $33.4M (26%)
Cronos Group
- Cannabis flower: $48.0M (57%)
- Other revenues: $20.5M (24%)
- Cannabis extracts: $15.5M (18%)
Questions
Which is bigger, Ascend Wellness Holdings or Cronos Group?
Ascend Wellness Holdings is the larger company: $126M of revenue in its latest quarter (Q2 2026) against $83.9M for Cronos Group (Q3 2026).
Is Ascend Wellness Holdings or Cronos Group growing faster?
Cronos Group is growing faster (+72% against -0.9% a year earlier).
Which is more profitable, Ascend Wellness Holdings or Cronos Group?
Cronos Group is more profitable, with an operating margin of 10.8% against 4.2%.
More: Ascend Wellness Holdings earnings · how Ascend Wellness Holdings makes money · Cronos Group earnings · how Cronos Group makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 12, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.