Cronos Group Inc. (CRON) Key Metrics
CRON valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $1.18B
- Enterprise value
- $464.0M
- P/E (TTM)
- 16.9 10-yr median 19.0
- Forward P/E
- 28.7
- PEG ratio
- —
- Price / sales
- 6.6 10-yr median 37.4
- Price / book
- 1.2 10-yr median 1.3
- EV / EBITDA
- 51.5
- Dividend yield
- —
- Beta
- 1.20
CRON key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsCRON valuation Price multiples at each fiscal year-end price.
CRON returns How much profit the business earns on the capital it uses.
CRON per-share figures Results divided by the shares outstanding at year-end.
CRON financial health Debt, liquidity and how easily interest is covered.
CRON efficiency & capital use Working capital cycle and where the cash goes.
CRON valuation history
CRON returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CRON debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CRON cash returned to shareholders
CRON price vs earnings per share
CRON key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.01B | $778.8M | $796.2M | $957.5M | $1.45B | $2.44B | $2.63B | $1.79B | $1.37B | $86.3M |
| Enterprise value | $183.1M | −$78.0M | −$62.8M | $83.6M | $457.1M | $1.16B | $1.50B | $1.76B | $1.36B | $86.7M |
| P/E ratio | — | 19.0 | — | — | — | — | 2.2 | — | 540.6 | — |
| Price / sales | 6.8 | 6.6 | 9.1 | 11.0 | 22.5 | 52.2 | 147.4 | 147.7 | 329.9 | 209.3 |
| Price / book | 0.9 | 0.7 | 0.7 | 0.8 | 1.1 | 1.4 | 2.0 | 12.1 | 15.6 | 3.4 |
| Price / free cash flow | — | 136.9 | — | — | — | — | — | — | — | — |
| Price / operating cash flow | 38.5 | 41.3 | — | — | — | — | — | — | — | — |
| EV / sales | 1.2 | -0.7 | -0.7 | 1.0 | 7.1 | 24.8 | 84.3 | 145.0 | 329.2 | 210.2 |
| Earnings yield | −0.9% | 5.3% | −9.3% | −17.6% | −27.3% | −3.0% | 45.4% | −1.2% | 0.2% | −1.4% |
| Free cash flow yield | 0.0% | 0.7% | −5.8% | −9.8% | −11.4% | −7.4% | −4.8% | −5.1% | −2.8% | −6.9% |
| Dividend yield | — | — | 0.0% | 0.0% | — | 0.1% | 2.5% | 0.0% | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 1.0% | 0.0% | 0.2% | 0.4% | 1.2% | 0.2% | 2.5% | 0.0% | 0.0% | 0.0% |
| Share price at fiscal year-end | $2.63 | $2.02 | $2.09 | $2.54 | $3.92 | $6.94 | $7.67 | $10.39 | $7.73 | $1.10 |
| Per share | ||||||||||
| Revenue per share | $0.39 | $0.31 | $0.23 | $0.23 | $0.17 | $0.13 | $0.05 | $0.07 | $0.02 | $0.01 |
| Earnings per share | −$0.02 | $0.11 | −$0.19 | −$0.45 | −$1.07 | −$0.21 | $3.48 | −$0.13 | $0.01 | −$0.02 |
| Operating cash flow per share | $0.07 | $0.05 | −$0.11 | −$0.24 | −$0.41 | −$0.41 | −$0.28 | −$0.06 | −$0.02 | −$0.06 |
| Free cash flow per share | $0.00 | $0.01 | −$0.12 | −$0.25 | −$0.45 | −$0.51 | −$0.37 | −$0.53 | −$0.22 | −$0.08 |
| Cash per share | $2.16 | $2.23 | $2.26 | $2.33 | $2.71 | $3.67 | $3.30 | $0.19 | $0.04 | $0.03 |
| Book value per share | $2.84 | $2.76 | $2.89 | $3.03 | $3.61 | $4.87 | $3.83 | $0.86 | $0.50 | $0.32 |
| Tangible book value per share | $2.64 | $2.57 | $2.83 | $2.96 | $3.56 | $4.16 | $3.21 | $0.81 | $0.44 | $0.20 |
| Dividends per share | — | — | $0.00 | $0.00 | — | $0.01 | $0.19 | $0.00 | $0.00 | $0.00 |
| Capex per share | $0.07 | $0.03 | $0.01 | $0.01 | $0.03 | $0.10 | $0.09 | $0.49 | $0.19 | $0.01 |
| Debt per share | $0.00 | $0.01 | $0.01 | $0.01 | $0.03 | $0.03 | $0.02 | $0.00 | $0.02 | $0.04 |
| Shares outstanding | 385.3M | 385.6M | 381.0M | 377.0M | 370.4M | 351.6M | 342.8M | 172.3M | 176.8M | 78.2M |
| Change in shares outstanding | −0.1% | +1.2% | +1.1% | +1.8% | +5.4% | +2.6% | +99.0% | −2.6% | +125.9% | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −0.9% | 3.8% | −6.6% | −13.6% | −26.0% | −4.8% | 163.2% | −18.3% | 4.5% | −7.2% |
| Return on invested capital (ROIC) | −6.0% | −34.2% | −26.2% | −28.7% | −59.6% | −55.9% | −77.8% | −16.1% | −11.2% | −9.8% |
| Return on assets (ROA) | −0.8% | 3.6% | −6.3% | −12.9% | −23.8% | −4.2% | 132.5% | −13.9% | 4.5% | −5.6% |
| Return on tangible assets | −0.9% | 3.8% | −6.6% | −14.2% | −28.7% | −4.4% | 88.1% | −9.7% | 3.6% | −5.4% |
| Free cash flow margin | 0.1% | 4.8% | −53.0% | −108.3% | −256.9% | −385.8% | −711.4% | −754.2% | −926.4% | — |
| Income quality (OCF / net income) | — | 0.46 | — | — | — | — | −0.08 | — | −1.75 | — |
| Financial health | ||||||||||
| Total debt | $1.5M | $2.0M | $2.6M | $3.9M | $9.8M | $9.8M | $5.3M | $159,292 | $4.3M | $3.0M |
| Cash & short-term investments | $831.8M | $858.8M | $861.5M | $877.7M | $1.00B | $1.29B | $1.13B | $32.7M | $7.3M | $2.6M |
| Net debt | −$830.3M | −$856.8M | −$859.0M | −$873.8M | −$994.9M | −$1.28B | −$1.13B | −$32.5M | −$3.1M | $398,626 |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.05 | 0.12 |
| Debt / assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.05 | 0.09 |
| Current ratio | 19.59 | 18.84 | 22.54 | 14.10 | 19.86 | 6.63 | 4.73 | 1.52 | 3.39 | 1.04 |
| Quick ratio | 18.62 | 18.17 | 21.81 | 13.54 | 19.25 | 6.42 | 4.61 | 1.21 | 1.85 | 0.56 |
| Interest coverage | — | — | — | — | — | — | -4.8 | -260.3 | -77.7 | -8.9 |
| Working capital | $895.9M | $886.4M | $891.9M | $892.0M | $1.03B | $1.17B | $931.6M | $17.2M | $15.0M | $238,539 |
| Invested capital | $263.6M | $207.3M | $240.6M | $270.0M | $342.4M | $431.4M | $188.5M | $115.9M | $84.5M | $25.5M |
| Tangible asset value | $1.07B | $1.04B | $1.07B | $1.11B | $1.32B | $1.46B | $1.10B | $187.4M | $58.3M | $15.4M |
| Net current asset value | $889.9M | $880.8M | $889.2M | $888.1M | $1.02B | $1.15B | $925.2M | $15.6M | $9.6M | −$845,458 |
| Graham number | — | $2.57 | — | — | — | — | $17.33 | — | $0.40 | — |
| Graham net-net per share | $2.19 | $2.18 | $2.26 | $2.25 | $2.65 | $3.17 | $2.62 | $0.03 | $0.02 | −$0.04 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | $345,000 | $384,000 | — | $2.6M | $65.1M | $0 | $0 | $0 |
| Share buybacks (net) | $9.9M | $0 | $1.4M | $3.8M | $17.0M | $2.7M | $1.2M | $0 | $0 | $0 |
| Dividend payout ratio | — | — | — | — | — | — | 5.5% | — | 0.0% | — |
| Dividends + buybacks / free cash flow | — | 0.0% | — | — | — | — | — | — | — | — |
| Capex / revenue | 17.5% | 11.2% | 3.9% | 5.8% | 19.0% | 75.8% | 164.0% | 695.2% | 819.9% | 274.8% |
| Capex / operating cash flow | 99.4% | 69.8% | — | — | — | — | — | — | — | — |
| Capex / depreciation | 1.81 | 1.41 | 0.42 | 0.38 | 0.80 | 5.02 | 8.96 | 43.50 | 42.87 | 3.98 |
| Stock-based compensation / revenue | 4.7% | 7.4% | 10.1% | 17.4% | 15.7% | 32.9% | 48.9% | 25.7% | 35.8% | 55.4% |
| R&D / revenue | 3.0% | 3.6% | 6.7% | 15.1% | 33.8% | 43.6% | 51.2% | 14.2% | 56.7% | 569.9% |
| SG&A / revenue | 42.8% | 65.3% | 92.8% | 116.1% | 188.5% | 278.9% | 489.0% | 198.3% | 168.9% | 675.2% |
| Efficiency | ||||||||||
| Days sales outstanding | 106.4 | 101.9 | 140.5 | 135.9 | 167.7 | 150.2 | 169.7 | 117.4 | 164.8 | 90.5 |
| Days of inventory on hand | 166.7 | 125.7 | 164.9 | 180.1 | 170.6 | 182.6 | 227.2 | 609.6 | 1,132.4 | 347.3 |
| Days payables outstanding | 59.7 | 57.5 | 56.4 | 57.0 | 67.7 | 115.4 | 165.2 | 242.9 | 625.2 | 170.3 |
| Cash conversion cycle (days) | 213.4 | 170.1 | 249.0 | 258.9 | 270.7 | 217.4 | 231.6 | 484.2 | 671.9 | 267.5 |
| Receivables turnover | 3.43 | 3.58 | 2.60 | 2.69 | 2.18 | 2.43 | 2.15 | 3.11 | 2.22 | 4.03 |
| Payables turnover | 6.11 | 6.35 | 6.47 | 6.40 | 5.39 | 3.16 | 2.21 | 1.50 | 0.58 | 2.14 |
| Inventory turnover | 2.19 | 2.90 | 2.21 | 2.03 | 2.14 | 2.00 | 1.61 | 0.60 | 0.32 | 1.05 |
| Asset turnover | 0.13 | 0.10 | 0.07 | 0.07 | 0.04 | 0.03 | 0.02 | 0.08 | 0.07 | 0.02 |
| Average receivables | $43.5M | $32.8M | $33.6M | $32.3M | $29.7M | $19.2M | $8.3M | $3.9M | $1.9M | $102,246 |
| Average payables | $14.3M | $14.6M | $11.6M | $11.1M | $15.2M | $22.9M | $14.1M | $3.9M | $3.4M | $675,647 |
| Average inventory | $39.9M | $31.8M | $34.0M | $35.2M | $38.4M | $36.3M | $19.3M | $9.9M | $6.2M | $1.4M |
| Intangibles / total assets | 6.3% | 6.4% | 1.9% | 2.3% | 1.4% | 12.9% | 13.7% | 4.1% | 12.9% | 30.3% |
Computed from CRON's annual financial statements (latest annual report filed February 26, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
CRON valuation and financial ratios
Based on the latest twelve months, the trailing P/E is 16.9 and the forward P/E is 28.7. Cronos earned a return on equity of −0.9% and a return on invested capital of −6.0% in fiscal 2025. It ended the year with $1.5 million of debt and $831.8 million in cash and short-term investments, a net cash position of $830.3 million. It returned $9.9 million to shareholders: $0 in dividends and $9.9 million in share buybacks. The share count rose 392.4% from 78.2M to 385.3M over 9 years.
See the CRON income statement, the CRON chart for price history, or the CRON stock overview for the latest quote and news.
CRON key metrics FAQ
What is Cronos's P/E ratio?
Cronos's trailing P/E ratio is 16.9 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 28.7. At the end of fiscal 2025 it was —, compared with a 10-year median of 19.0.
What is Cronos's return on equity?
Cronos's return on equity (ROE) was −0.9% in fiscal 2025: net income of -$9.6 million on average shareholders' equity of $1.1 billion.
What is Cronos's ROIC?
Cronos's return on invested capital was −6.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Cronos have?
Cronos had total debt of $1.5 million at the end of fiscal 2025, a debt-to-equity ratio of 0.00 and more cash than debt.
Does Cronos buy back its shares?
Yes. Cronos spent $9.9 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.1% over the year, to 385.3M..
What is Cronos's free cash flow yield?
Cronos generated $0.2 million of free cash flow in fiscal 2025, a free cash flow yield of 0.0% on its market value at year-end ($1.0 billion).
What is Cronos's current ratio?
Cronos's current ratio was 19.59 at the end of fiscal 2025: current assets were 19.59 times current liabilities.