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Cresco Labs (Cresco Labs) Net Margin % : 1.40% (As of Dec. 2023)


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What is Cresco Labs Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Cresco Labs's Net Income for the three months ended in Dec. 2023 was $2.6 Mil. Cresco Labs's Revenue for the three months ended in Dec. 2023 was $188.2 Mil. Therefore, Cresco Labs's net margin for the quarter that ended in Dec. 2023 was 1.40%.

The historical rank and industry rank for Cresco Labs's Net Margin % or its related term are showing as below:

CRLBF' s Net Margin % Range Over the Past 10 Years
Min: -38.9   Med: -25.16   Max: -21.45
Current: -22.81


CRLBF's Net Margin % is ranked worse than
74.09% of 1019 companies
in the Drug Manufacturers industry
Industry Median: 3.53 vs CRLBF: -22.81

Cresco Labs Net Margin % Historical Data

The historical data trend for Cresco Labs's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cresco Labs Net Margin % Chart

Cresco Labs Annual Data
Trend Jan14 Jan15 Jan16 Jan17 Jan18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -33.61 -21.45 -38.90 -25.16 -22.77

Cresco Labs Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -80.84 -13.41 -18.46 -60.65 1.40

Competitive Comparison of Cresco Labs's Net Margin %

For the Drug Manufacturers - Specialty & Generic subindustry, Cresco Labs's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cresco Labs's Net Margin % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Cresco Labs's Net Margin % distribution charts can be found below:

* The bar in red indicates where Cresco Labs's Net Margin % falls into.



Cresco Labs Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Cresco Labs's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin=Net Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=-175.522/770.885
=-22.77 %

Cresco Labs's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin=Net Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=2.635/188.237
=1.40 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Cresco Labs  (OTCPK:CRLBF) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Cresco Labs Net Margin % Related Terms

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Cresco Labs (Cresco Labs) Business Description

Traded in Other Exchanges
Address
400 W. Erie Street, Suite 110, Chicago, IL, USA, 60654
Cresco Labs Inc is a vertically-integrated multi-state cannabis operator in the United States licensed to cultivate, manufacture and sell retail and medical cannabis products through Sunnyside, Cresco Labs' national dispensary brand and third-party retail stores. The Company operates in one segment, the cultivation, manufacturing, distribution and sale of cannabis.