Cronos Group (CRON) Financials

$1.73 +0.01 (+0.58%)

As of 12:51 PM Eastern

Annual Income Statements for Cronos Group

This table shows Cronos Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-169	-74	41
Consolidated Net Income / (Loss)	-169	-75	40
Net Income / (Loss) Continuing Operations	-155	-70	40
Total Pre-Tax Income	-121	-74	37
Total Operating Income	-111	-85	-77
Total Gross Profit	15	12	25
Total Revenue	87	87	118
Operating Revenue	109	120	162
Other Revenue	-23	-33	-44
Total Cost of Revenue	71	75	92
Operating Cost of Revenue	71	75	92
Total Operating Expenses	127	97	102
Selling, General & Admin Expense	68	49	47
Marketing Expense	18	23	22
Research & Development Expense	13	5.84	4.23
Depreciation Expense	5.97	5.04	3.70
Other Operating Expenses / (Income)	15	8.76	8.70
Impairment Charge	3.49	3.37	16
Restructuring Charge	3.55	1.52	0.63
Total Other Income / (Expense), net	-9.58	11	113
Interest & Investment Income	26	53	87
Other Income / (Expense), net	-35	-42	26
Income Tax Expense	34	-3.23	-3.44
Net Income / (Loss) Discontinued Operations	-14	-4.11	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	-0.59	-1.06
Basic Earnings per Share	($0.45)	($0.19)	$0.11
Weighted Average Basic Shares Outstanding	380.58M	381.30M	382.53M
Diluted Earnings per Share	($0.45)	($0.19)	$0.11
Weighted Average Diluted Shares Outstanding	380.58M	381.30M	382.53M
Weighted Average Basic & Diluted Shares Outstanding	380.58M	381.30M	382.53M

This table shows Cronos Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-37	-79	-19	-8.36	-1.64	-45	-2.24	-8.76	8.35	44
Consolidated Net Income / (Loss)	-37	-79	-19	-8.50	-1.77	-45	-2.48	-8.76	7.32	44
Net Income / (Loss) Continuing Operations	-33	-72	-18	-5.66	-1.59	-45	-2.48	-8.76	7.32	44
Total Pre-Tax Income	-31	-40	-19	-5.84	-2.84	-46	-3.04	-11	4.62	46
Total Operating Income	-27	-23	-21	-21	-22	-22	-16	-16	-34	-11
Total Gross Profit	3.14	1.04	2.93	3.10	3.97	1.91	4.48	6.30	3.61	11
Total Revenue	20	20	19	19	25	24	25	28	47	18
Operating Revenue	26	27	27	26	34	34	35	39	47	41
Total Cost of Revenue	17	19	17	16	21	22	21	21	43	7.16
Operating Cost of Revenue	17	19	17	16	21	22	21	21	43	7.16
Total Operating Expenses	30	24	24	24	26	24	20	22	37	22
Selling, General & Admin Expense	16	13	12	13	14	9.80	8.91	13	13	12
Marketing Expense	5.25	3.60	5.74	5.30	5.30	6.37	5.33	4.33	5.53	6.41
Research & Development Expense	2.54	2.36	2.04	1.11	1.25	1.45	1.00	0.96	1.24	1.03
Depreciation Expense	1.70	1.57	1.53	1.53	1.46	0.53	1.12	1.02	1.10	0.46
Other Operating Expenses / (Income)	4.25	4.49	2.54	2.33	1.96	1.93	2.02	2.24	2.26	2.19
Total Other Income / (Expense), net	-3.65	-17	1.30	15	19	-24	13	4.63	38	57
Interest & Investment Income	6.09	8.52	11	13	14	15	16	14	45	12
Other Income / (Expense), net	-9.74	-26	-9.38	2.04	4.50	-39	-2.79	-9.74	-6.66	45
Income Tax Expense	2.12	32	-1.44	-0.18	-1.25	-0.36	-0.56	-2.17	-2.71	2.00
Net Income / (Loss) Attributable to Noncontrolling Interest	0.11	0.03	-0.09	-0.14	-0.13	-0.24	-0.24	-0.00	-1.03	0.21
Basic Earnings per Share	($0.10)	-	($0.05)	($0.02)	$0.00	($0.12)	($0.01)	($0.02)	$0.02	$0.12
Weighted Average Basic Shares Outstanding	378.47M	380.58M	380.82M	381.09M	381.11M	381.30M	382.01M	382.28M	382.29M	382.53M
Diluted Earnings per Share	($0.10)	-	($0.05)	($0.02)	$0.00	($0.12)	($0.01)	($0.02)	$0.02	$0.12
Weighted Average Diluted Shares Outstanding	378.47M	380.58M	380.82M	381.09M	381.11M	381.30M	382.01M	382.28M	382.29M	382.53M
Weighted Average Basic & Diluted Shares Outstanding	378.47M	380.58M	380.82M	381.09M	381.11M	381.30M	382.01M	382.28M	382.29M	382.53M

This table details how cash moves in and out of Cronos Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	-122	-95	190
Net Cash From Operating Activities	-89	-43	19
Net Cash From Continuing Operating Activities	-89	-43	19
Net Income / (Loss) Continuing Operations	-169	-75	40
Consolidated Net Income / (Loss)	-169	-75	40
Depreciation Expense	13	8.11	9.34
Non-Cash Adjustments To Reconcile Net Income	51	50	-30
Changes in Operating Assets and Liabilities, net	16	-26	-0.31
Net Cash From Investing Activities	-1.84	-59	175
Net Cash From Continuing Investing Activities	-1.84	-59	175
Purchase of Property, Plant & Equipment	-3.45	-2.51	-12
Acquisitions	-1.58	-0.92	-0.74
Purchase of Investments	-271	-608	0.00
Divestitures	0.00	0.00	5.99
Sale and/or Maturity of Investments	269	534	186
Other Investing Activities, net	5.70	18	-3.51
Net Cash From Financing Activities	-2.90	-1.03	-1.23
Net Cash From Continuing Financing Activities	-2.90	-1.03	-1.23
Repayment of Debt	-0.07	0.00	0.00
Other Financing Activities, net	-2.83	-1.03	-1.23
Effect of Exchange Rate Changes	-29	8.01	-3.25
Cash Interest Paid	0.00	0.00	0.00
Cash Interest Received	16	37	48
Cash Income Taxes Paid	0.18	33	0.65

This table details how cash moves in and out of Cronos Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-156	131	-351	-4.24	162	98	186	-6.93	14	-3.23
Net Cash From Operating Activities	-13	-24	-48	-12	-0.18	17	-2.20	1.74	12	7.72
Net Cash From Continuing Operating Activities	-13	-24	-48	-12	-0.18	17	-2.20	1.74	12	7.72
Net Income / (Loss) Continuing Operations	-37	-79	-19	-8.50	-1.77	-45	-2.48	-8.76	7.32	44
Consolidated Net Income / (Loss)	-37	-79	-19	-8.50	-1.77	-45	-2.48	-8.76	7.32	44
Depreciation Expense	3.45	2.62	2.41	2.38	2.15	1.18	1.73	1.51	3.57	2.53
Non-Cash Adjustments To Reconcile Net Income	20	29	9.06	2.10	-4.26	43	5.25	12	-3.13	-45
Changes in Operating Assets and Liabilities, net	-0.05	23	-40	-7.76	3.70	17	-6.70	-3.41	3.82	5.98
Net Cash From Investing Activities	-120	158	-304	4.85	158	82	190	-8.56	-0.82	-5.03
Net Cash From Continuing Investing Activities	-120	158	-304	4.85	158	82	190	-8.56	-0.82	-5.03
Purchase of Property, Plant & Equipment	-0.87	-0.36	-0.80	-0.49	0.01	-1.22	-1.72	-0.73	-6.42	-3.54
Acquisitions	-0.76	-0.40	0.00	-0.01	-0.34	-0.57	-0.27	-0.19	-0.12	-0.17
Sale and/or Maturity of Investments	-1.05	152	113	57	211	152	189	-1.43	-0.28	-1.35
Other Investing Activities, net	0.77	3.29	6.25	5.14	3.97	2.68	2.68	-6.22	0.01	0.03
Net Cash From Financing Activities	-0.24	-0.62	-0.74	-0.04	-0.03	-0.22	-0.65	-0.26	-0.01	-0.31
Net Cash From Continuing Financing Activities	-0.24	-0.62	-0.74	-0.04	-0.03	-0.22	-0.65	-0.26	-0.01	-0.31
Other Financing Activities, net	-0.13	-0.62	-0.74	-0.04	-0.03	-0.22	-0.65	-0.26	-0.01	-0.31
Effect of Exchange Rate Changes	-23	-2.12	1.27	2.73	4.87	-0.86	-0.88	0.15	3.09	-5.60
Cash Interest Received	4.24	7.81	7.56	5.83	8.82	14	15	14	11	9.43
Cash Income Taxes Paid	0.02	0.02	33	0.06	0.02	-	0.58	0.04	0.01	0.03

This table presents Cronos Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	1,213	1,140	1,166
Total Current Assets	960	933	936
Cash & Equivalents	765	669	859
Short-Term Investments	113	192	0.00
Note & Lease Receivable	11	16	9.31
Accounts Receivable	26	20	20
Inventories, net	38	30	33
Prepaid Expenses	7.11	5.41	6.28
Other Current Assets	-	0.00	8.11
Plant, Property, & Equipment, net	61	59	133
Total Noncurrent Assets	192	147	97
Long-Term Investments	90	55	2.81
Noncurrent Note & Lease Receivables	72	69	16
Goodwill	1.03	1.06	63
Intangible Assets	27	21	11
Noncurrent Deferred & Refundable Income Taxes	-	0.23	2.57
Other Noncurrent Operating Assets	2.47	1.36	1.39
Total Liabilities & Shareholders' Equity	1,213	1,140	1,166
Total Liabilities	72	44	55
Total Current Liabilities	68	41	50
Accounts Payable	11	12	17
Accrued Expenses	22	28	32
Current Deferred & Payable Income Tax Liabilities	33	0.06	0.01
Other Current Liabilities	1.73	1.47	1.07
Total Noncurrent Liabilities	3.93	2.74	5.63
Noncurrent Deferred & Payable Income Tax Liabilities	-	0.18	3.56
Other Noncurrent Operating Liabilities	3.93	2.56	2.07
Total Equity & Noncontrolling Interests	1,141	1,096	1,111
Total Preferred & Common Equity	1,144	1,100	1,064
Total Common Equity	1,144	1,100	1,064
Common Stock	654	662	670
Retained Earnings	491	417	458
Accumulated Other Comprehensive Income / (Loss)	-0.80	21	-64
Noncontrolling Interest	-2.92	-3.45	47

This table presents Cronos Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	1,237	1,160	1,168	1,150	1,109	1,091	1,184
Total Current Assets	963	916	925	918	942	935	959
Cash & Equivalents	633	414	409	572	855	848	862
Short-Term Investments	255	423	432	268	0.00	0.00	0.00
Note & Lease Receivable	8.74	5.57	14	17	9.53	10	7.42
Accounts Receivable	23	22	17	20	21	23	26
Inventories, net	34	44	45	36	31	29	47
Prepaid Expenses	8.90	7.97	6.78	5.66	6.28	5.25	7.33
Other Current Assets	-	-	-	-	19	19	8.97
Plant, Property, & Equipment, net	61	60	58	56	37	37	163
Total Noncurrent Assets	214	184	186	176	129	119	62
Long-Term Investments	114	81	86	80	40	24	2.90
Noncurrent Note & Lease Receivables	72	72	71	68	67	73	16
Goodwill	1.01	1.04	1.06	1.03	1.04	1.02	38
Intangible Assets	21	26	25	24	20	19	4.25
Other Noncurrent Operating Assets	5.27	3.52	1.57	1.42	1.27	1.12	1.18
Total Liabilities & Shareholders' Equity	1,237	1,160	1,168	1,150	1,109	1,091	1,184
Total Liabilities	46	33	32	33	36	35	53
Total Current Liabilities	38	29	28	31	33	33	40
Accounts Payable	10	13	9.34	4.75	9.40	7.84	6.53
Accrued Expenses	26	14	17	24	23	24	32
Current Deferred & Payable Income Tax Liabilities	-	0.27	0.44	0.64	0.07	0.06	0.09
Other Current Liabilities	1.97	1.32	1.58	1.33	1.44	1.31	1.17
Total Noncurrent Liabilities	8.26	4.04	3.75	2.76	2.34	2.20	13
Noncurrent Deferred & Payable Income Tax Liabilities	1.92	0.38	0.68	-	-	-	11
Other Noncurrent Operating Liabilities	4.99	2.30	3.07	2.76	2.34	2.20	2.12
Total Equity & Noncontrolling Interests	1,191	1,126	1,137	1,117	1,073	1,056	1,131
Total Preferred & Common Equity	1,194	1,129	1,140	1,120	1,076	1,059	1,082
Total Common Equity	1,194	1,129	1,140	1,120	1,076	1,059	1,082
Common Stock	644	656	658	660	664	666	668
Retained Earnings	570	472	463	462	414	406	414
Accumulated Other Comprehensive Income / (Loss)	-19	1.54	18	-2.11	-1.79	-12	-0.36
Noncontrolling Interest	-2.91	-2.93	-3.02	-3.06	-3.58	-3.52	50

This table displays calculated financial ratios and metrics derived from Cronos Group's official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	34.37%	0.57%	34.82%
EBITDA Growth	-15.23%	11.33%	65.42%
EBIT Growth	-11.71%	13.74%	60.26%
NOPAT Growth	61.84%	23.90%	-41.03%
Net Income Growth	57.52%	55.82%	153.68%
EPS Growth	57.94%	57.78%	157.89%
Operating Cash Flow Growth	42.10%	51.84%	143.99%
Free Cash Flow Firm Growth	-9,641.04%	-19.24%	-133.14%
Invested Capital Growth	-11.65%	3.67%	38.65%
Revenue Q/Q Growth	-19.60%	5.07%	-4.81%
EBITDA Q/Q Growth	-787.55%	-12.89%	70.09%
EBIT Q/Q Growth	-6,139.17%	-10.55%	65.29%
NOPAT Q/Q Growth	55.66%	1.29%	-37.78%
Net Income Q/Q Growth	24.59%	31.21%	181.77%
EPS Q/Q Growth	0.00%	0.00%	184.62%
Operating Cash Flow Q/Q Growth	11.51%	49.02%	-32.55%
Free Cash Flow Firm Q/Q Growth	28.35%	1.76%	-17.56%
Invested Capital Q/Q Growth	-8.71%	-8.61%	-6.39%
Profitability Metrics	-	-	-
Gross Margin	17.79%	13.65%	21.42%
EBITDA Margin	-153.90%	-135.69%	-34.80%
Operating Margin	-128.45%	-97.20%	-65.07%
EBIT Margin	-169.03%	-144.99%	-42.74%
Profit (Net Income) Margin	-194.51%	-85.46%	34.03%
Tax Burden Percent	139.45%	101.20%	109.39%
Interest Burden Percent	82.52%	58.24%	-72.78%
Effective Tax Rate	0.00%	0.00%	-9.39%
Return on Invested Capital (ROIC)	-42.18%	-33.60%	-39.01%
ROIC Less NNEP Spread (ROIC-NNEP)	-33.56%	-31.99%	-52.93%
Return on Net Nonoperating Assets (RNNOA)	28.54%	26.93%	42.64%
Return on Equity (ROE)	-13.63%	-6.67%	3.63%
Cash Return on Invested Capital (CROIC)	-29.80%	-37.20%	-71.40%
Operating Return on Assets (OROA)	-11.23%	-10.75%	-4.36%
Return on Assets (ROA)	-12.93%	-6.34%	3.47%
Return on Common Equity (ROCE)	-13.67%	-6.68%	3.56%
Return on Equity Simple (ROE_SIMPLE)	-14.75%	-6.78%	3.76%
Net Operating Profit after Tax (NOPAT)	-78	-59	-84
NOPAT Margin	-89.91%	-68.04%	-71.18%
Net Nonoperating Expense Percent (NNEP)	-8.62%	-1.61%	13.92%
Return On Investment Capital (ROIC_SIMPLE)	-6.84%	-5.42%	-7.54%
Cost of Revenue to Revenue	82.21%	86.35%	78.58%
SG&A Expenses to Revenue	78.01%	56.71%	39.55%
R&D to Revenue	15.14%	6.70%	3.60%
Operating Expenses to Revenue	146.24%	110.85%	86.49%
Earnings before Interest and Taxes (EBIT)	-147	-126	-50
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-134	-118	-41
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.84	0.72	0.73
Price to Tangible Book Value (P/TBV)	0.86	0.74	0.78
Price to Revenue (P/Rev)	11.08	9.13	6.57
Price to Earnings (P/E)	0.00	0.00	18.80
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	5.32%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00
Financial Leverage	-0.85	-0.84	-0.81
Leverage Ratio	1.05	1.05	1.05
Compound Leverage Factor	0.87	0.61	-0.76
Debt to Total Capital	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.26%	-0.31%	4.22%
Common Equity to Total Capital	100.26%	100.31%	95.78%
Debt to EBITDA	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00
Altman Z-Score	9.13	11.99	9.79
Noncontrolling Interest Sharing Ratio	-0.24%	-0.28%	1.97%
Liquidity Ratios	-	-	-
Current Ratio	14.10	22.54	18.84
Quick Ratio	13.44	21.68	17.88
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-55	-66	-153
Operating Cash Flow to CapEx	-2,577.46%	-1,709.98%	151.83%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.07	0.07	0.10
Accounts Receivable Turnover	3.20	3.73	5.77
Inventory Turnover	2.03	2.21	2.90
Fixed Asset Turnover	1.29	1.45	1.22
Accounts Payable Turnover	6.28	6.47	6.35
Days Sales Outstanding (DSO)	114.11	97.77	63.29
Days Inventory Outstanding (DIO)	180.06	164.87	125.68
Days Payable Outstanding (DPO)	58.12	56.43	57.47
Cash Conversion Cycle (CCC)	236.06	206.21	131.50
Capital & Investment Metrics	-	-	-
Invested Capital	173	180	249
Invested Capital Turnover	0.47	0.49	0.55
Increase / (Decrease) in Invested Capital	-23	6.36	70
Enterprise Value (EV)	-9.08	-123	-42
Market Capitalization	961	797	772
Book Value per Share	$3.02	$2.89	$2.78
Tangible Book Value per Share	$2.95	$2.83	$2.59
Total Capital	1,141	1,096	1,111
Total Debt	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00
Net Debt	-967	-916	-862
Capital Expenditures (CapEx)	3.45	2.51	12
Debt-free, Cash-free Net Working Capital (DFCFNWC)	14	30	28
Debt-free Net Working Capital (DFNWC)	892	892	886
Net Working Capital (NWC)	892	892	886
Net Nonoperating Expense (NNE)	91	15	-124
Net Nonoperating Obligations (NNO)	-967	-916	-862
Total Depreciation and Amortization (D&A)	13	8.11	9.34
Debt-free, Cash-free Net Working Capital to Revenue	16.51%	34.82%	23.47%
Debt-free Net Working Capital to Revenue	1,028.30%	1,022.35%	753.66%
Net Working Capital to Revenue	1,028.30%	1,022.35%	753.66%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.00	($0.19)	$0.11
Adjusted Weighted Average Basic Shares Outstanding	380.58M	381.30M	382.53M
Adjusted Diluted Earnings per Share	$0.00	($0.19)	$0.11
Adjusted Weighted Average Diluted Shares Outstanding	380.58M	381.30M	382.53M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	380.58M	381.30M	382.53M
Normalized Net Operating Profit after Tax (NOPAT)	-73	-56	-42
Normalized NOPAT Margin	-84.24%	-64.12%	-35.44%
Pre Tax Income Margin	-139.49%	-84.44%	31.11%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Cronos Group's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.01%	23.77%	-22.12%	-11.95%	21.56%	21.37%	29.72%	45.95%	87.80%	-24.85%
EBITDA Growth	-141.79%	-112.19%	11.96%	28.24%	55.01%	-29.51%	38.71%	-46.80%	-142.90%	161.73%
EBIT Growth	-148.38%	-113.11%	12.19%	30.67%	53.40%	-24.92%	37.86%	-36.14%	-133.35%	156.36%
NOPAT Growth	66.15%	-114.99%	42.39%	18.50%	20.34%	4.87%	23.21%	24.53%	-250.33%	28.23%
Net Income Growth	-147.49%	41.10%	41.03%	58.22%	95.20%	42.90%	87.10%	-3.08%	513.32%	197.59%
EPS Growth	0.00%	0.00%	0.00%	60.00%	100.00%	0.00%	80.00%	0.00%	0.00%	200.00%
Operating Cash Flow Growth	57.48%	32.18%	-40.64%	31.86%	98.63%	168.99%	95.38%	114.81%	6,429.51%	-54.09%
Free Cash Flow Firm Growth	-21.71%	-97.76%	-116.01%	77.90%	-127.55%	-408.97%	283.65%	218.33%	-458.80%	-273.72%
Invested Capital Growth	-34.25%	-11.65%	-1.29%	-0.41%	3.56%	3.67%	-15.61%	-12.83%	35.35%	38.65%
Revenue Q/Q Growth	-5.52%	-3.45%	-1.07%	-2.43%	30.43%	-3.61%	8.69%	9.78%	67.83%	-61.43%
EBITDA Q/Q Growth	-48.93%	-36.16%	39.41%	41.60%	6.64%	-291.99%	70.72%	-39.90%	-54.47%	199.62%
EBIT Q/Q Growth	-38.31%	-30.57%	37.72%	38.36%	7.04%	-250.06%	68.38%	-35.05%	-59.33%	184.54%
NOPAT Q/Q Growth	-8.03%	16.80%	8.68%	0.72%	-5.60%	0.64%	21.86%	2.43%	-390.23%	79.65%
Net Income Q/Q Growth	-81.36%	-113.79%	75.58%	55.88%	79.15%	-2,441.03%	94.48%	-252.62%	183.62%	499.96%
EPS Q/Q Growth	-100.00%	0.00%	0.00%	60.00%	100.00%	0.00%	0.00%	-100.00%	200.00%	500.00%
Operating Cash Flow Q/Q Growth	22.54%	-82.08%	-95.69%	75.31%	98.45%	9,288.52%	-113.11%	179.13%	564.16%	-33.35%
Free Cash Flow Firm Q/Q Growth	230.02%	-91.28%	-269.32%	-15.17%	-62.12%	2.27%	204.83%	-25.79%	-865.60%	34.64%
Invested Capital Q/Q Growth	-9.94%	-8.71%	21.15%	-0.01%	-6.36%	-8.61%	-1.37%	3.28%	45.40%	-6.39%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	15.41%	5.30%	15.01%	16.29%	16.00%	8.00%	17.73%	22.68%	7.75%	60.14%
EBITDA Margin	-164.77%	-232.37%	-142.32%	-85.19%	-60.98%	-247.96%	-67.24%	-85.69%	-78.86%	203.70%
Operating Margin	-133.93%	-115.42%	-106.54%	-108.41%	-87.77%	-90.47%	-63.07%	-56.05%	-72.23%	-63.24%
EBIT Margin	-181.67%	-245.68%	-154.66%	-97.70%	-69.63%	-252.88%	-74.09%	-91.14%	-86.52%	189.65%
Profit (Net Income) Margin	-180.73%	-400.19%	-98.78%	-44.67%	-7.14%	-188.28%	-9.82%	-31.55%	15.72%	244.51%
Tax Burden Percent	119.04%	197.69%	98.90%	145.42%	62.31%	98.94%	81.66%	80.12%	158.67%	95.64%
Interest Burden Percent	83.58%	82.40%	64.58%	31.44%	16.46%	75.25%	16.24%	43.21%	-11.45%	134.81%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-58.67%	4.36%
Return on Invested Capital (ROIC)	-42.23%	-37.90%	-28.63%	-28.33%	-26.37%	-31.27%	-21.19%	-20.30%	-61.14%	-33.15%
ROIC Less NNEP Spread (ROIC-NNEP)	-40.59%	-31.92%	-28.16%	-28.93%	-27.78%	-28.10%	-22.15%	-20.54%	-67.95%	-39.31%
Return on Net Nonoperating Assets (RNNOA)	33.24%	27.15%	23.29%	23.90%	23.12%	23.66%	18.25%	16.85%	53.95%	31.67%
Return on Equity (ROE)	-8.98%	-10.75%	-5.33%	-4.44%	-3.25%	-7.61%	-2.95%	-3.45%	-7.20%	-1.48%
Cash Return on Invested Capital (CROIC)	-32.11%	-29.80%	-30.51%	-29.99%	-34.59%	-37.20%	-11.96%	-12.96%	-56.28%	-71.40%
Operating Return on Assets (OROA)	-14.14%	-16.33%	-9.93%	-6.14%	-4.84%	-18.75%	-6.08%	-8.21%	-9.16%	19.34%
Return on Assets (ROA)	-14.07%	-26.59%	-6.34%	-2.81%	-0.50%	-13.96%	-0.81%	-2.84%	1.66%	24.94%
Return on Common Equity (ROCE)	-9.00%	-10.77%	-5.35%	-4.45%	-3.26%	-7.63%	-2.95%	-3.46%	-7.05%	-1.45%
Return on Equity Simple (ROE_SIMPLE)	-18.74%	0.00%	-13.75%	-12.59%	-9.68%	0.00%	-5.37%	-5.48%	-4.53%	0.00%
Net Operating Profit after Tax (NOPAT)	-19	-16	-15	-14	-15	-15	-11	-11	-53	-11
NOPAT Margin	-93.75%	-80.79%	-74.57%	-75.88%	-61.44%	-63.33%	-44.15%	-39.24%	-114.60%	-60.48%
Net Nonoperating Expense Percent (NNEP)	-1.64%	-5.98%	-0.47%	0.59%	1.40%	-3.17%	0.96%	0.24%	6.80%	6.17%
Return On Investment Capital (ROIC_SIMPLE)	-	-1.40%	-	-	-	-1.38%	-	-	-	-0.98%
Cost of Revenue to Revenue	84.60%	94.70%	84.99%	83.71%	84.00%	92.00%	82.27%	77.32%	92.25%	39.86%
SG&A Expenses to Revenue	80.13%	64.28%	60.82%	70.72%	57.90%	40.99%	35.22%	45.99%	27.39%	67.22%
R&D to Revenue	12.45%	11.96%	10.46%	5.82%	5.02%	6.07%	3.94%	3.47%	2.67%	5.72%
Operating Expenses to Revenue	149.34%	120.72%	121.55%	124.70%	103.77%	98.47%	80.79%	78.73%	79.98%	123.38%
Earnings before Interest and Taxes (EBIT)	-37	-48	-30	-19	-17	-60	-19	-25	-40	34
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-34	-46	-28	-16	-15	-59	-17	-24	-37	37
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.89	0.84	0.65	0.66	0.68	0.72	0.92	0.84	0.77	0.73
Price to Tangible Book Value (P/TBV)	0.91	0.86	0.67	0.67	0.70	0.74	0.94	0.86	0.81	0.78
Price to Revenue (P/Rev)	9.88	11.08	9.09	9.54	9.18	9.13	10.70	8.75	6.78	6.57
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	18.80
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.32%
Enterprise Value to Invested Capital (EV/IC)	0.32	0.00	0.00	0.00	0.00	0.00	0.54	0.08	0.08	0.00
Enterprise Value to Revenue (EV/Rev)	0.56	0.00	0.00	0.00	0.00	0.00	1.03	0.14	0.18	0.00
Enterprise Value to EBITDA (EV/EBITDA)	3.10	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	24.80	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	36.25	0.86	0.79	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.82	-0.85	-0.83	-0.83	-0.83	-0.84	-0.82	-0.82	-0.79	-0.81
Leverage Ratio	1.05	1.05	1.03	1.03	1.03	1.05	1.03	1.03	1.04	1.05
Compound Leverage Factor	0.88	0.87	0.67	0.32	0.17	0.79	0.17	0.45	-0.12	1.41
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.24%	-0.26%	-0.26%	-0.27%	-0.27%	-0.31%	-0.33%	-0.33%	4.40%	4.22%
Common Equity to Total Capital	100.24%	100.26%	100.26%	100.27%	100.27%	100.31%	100.33%	100.33%	95.60%	95.78%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	15.36	9.39	14.82	15.70	15.22	12.18	18.23	16.68	10.92	10.03
Noncontrolling Interest Sharing Ratio	-0.22%	-0.24%	-0.25%	-0.25%	-0.26%	-0.28%	-0.30%	-0.30%	2.08%	1.97%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	25.37	14.10	31.45	33.12	30.03	22.54	28.19	28.29	24.24	18.84
Quick Ratio	24.24	13.44	29.66	31.25	28.67	21.68	26.51	26.67	22.64	17.88
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	80	6.96	-12	-14	-22	-22	22	16	-123	-80
Operating Cash Flow to CapEx	-1,540.28%	-6,695.60%	-5,931.97%	-2,383.40%	0.00%	1,380.54%	-127.84%	239.23%	180.56%	217.89%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.08	0.07	0.06	0.06	0.07	0.07	0.08	0.09	0.11	0.10
Accounts Receivable Turnover	5.50	3.20	3.18	4.04	3.84	3.73	4.31	4.99	5.30	5.77
Inventory Turnover	2.78	2.03	1.72	1.61	2.06	2.21	2.12	2.29	2.58	2.90
Fixed Asset Turnover	0.87	1.29	1.23	1.27	1.43	1.45	1.92	2.15	1.13	1.22
Accounts Payable Turnover	4.31	6.28	5.79	6.28	9.52	6.47	7.04	9.91	19.02	6.35
Days Sales Outstanding (DSO)	66.35	114.11	114.64	90.35	95.11	97.77	84.66	73.13	68.84	63.29
Days Inventory Outstanding (DIO)	131.29	180.06	212.70	226.82	177.30	164.87	171.81	159.47	141.39	125.68
Days Payable Outstanding (DPO)	84.68	58.12	63.09	58.12	38.32	56.43	51.88	36.84	19.20	57.47
Cash Conversion Cycle (CCC)	112.96	236.06	264.26	259.06	234.09	206.21	204.59	195.77	191.04	131.50
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	190	173	210	210	197	180	177	183	266	249
Invested Capital Turnover	0.45	0.47	0.38	0.37	0.43	0.49	0.48	0.52	0.53	0.55
Increase / (Decrease) in Invested Capital	-99	-23	-2.75	-0.86	6.76	6.36	-33	-27	70	70
Enterprise Value (EV)	60	-9.08	-182	-179	-161	-123	96	14	22	-42
Market Capitalization	1,066	961	738	750	762	797	995	890	837	772
Book Value per Share	$3.16	$3.02	$2.97	$2.99	$2.94	$2.89	$2.82	$2.77	$2.83	$2.78
Tangible Book Value per Share	$3.10	$2.95	$2.90	$2.92	$2.87	$2.83	$2.77	$2.72	$2.72	$2.59
Total Capital	1,191	1,141	1,126	1,137	1,117	1,096	1,073	1,056	1,131	1,111
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-1,003	-967	-918	-927	-920	-916	-895	-873	-865	-862
Capital Expenditures (CapEx)	0.87	0.36	0.80	0.49	-0.01	1.22	1.72	0.73	6.42	3.54
Debt-free, Cash-free Net Working Capital (DFCFNWC)	37	14	51	56	48	30	54	54	58	28
Debt-free Net Working Capital (DFNWC)	925	892	887	897	888	892	909	902	920	886
Net Working Capital (NWC)	925	892	887	897	888	892	909	902	920	886
Net Nonoperating Expense (NNE)	18	63	4.72	-5.94	-13	30	-8.68	-2.13	-61	-55
Net Nonoperating Obligations (NNO)	-1,001	-967	-916	-927	-920	-916	-895	-873	-865	-862
Total Depreciation and Amortization (D&A)	3.45	2.62	2.41	2.38	2.15	1.18	1.73	1.51	3.57	2.53
Debt-free, Cash-free Net Working Capital to Revenue	33.92%	16.51%	62.28%	71.11%	58.09%	34.82%	57.70%	53.09%	46.60%	23.47%
Debt-free Net Working Capital to Revenue	857.67%	1,028.30%	1,092.23%	1,140.59%	1,069.24%	1,022.35%	976.84%	886.49%	744.27%	753.66%
Net Working Capital to Revenue	857.67%	1,028.30%	1,092.23%	1,140.59%	1,069.24%	1,022.35%	976.84%	886.49%	744.27%	753.66%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	($0.02)	$0.00	($0.12)	($0.01)	($0.02)	$0.02	$0.12
Adjusted Weighted Average Basic Shares Outstanding	378.47M	380.58M	380.82M	381.09M	381.11M	381.30M	382.01M	382.28M	382.29M	382.53M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	($0.02)	$0.00	($0.12)	($0.01)	($0.02)	$0.02	$0.12
Adjusted Weighted Average Diluted Shares Outstanding	378.47M	380.58M	380.82M	381.09M	381.11M	381.30M	382.01M	382.28M	382.29M	382.53M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	378.47M	380.58M	380.82M	381.09M	381.11M	381.30M	382.01M	382.28M	382.29M	382.53M
Normalized Net Operating Profit after Tax (NOPAT)	-19	-17	-15	-14	-14	-13	-9.72	-11	-13	-11
Normalized NOPAT Margin	-92.42%	-84.00%	-74.57%	-75.88%	-57.42%	-53.18%	-38.45%	-37.86%	-28.96%	-60.48%
Pre Tax Income Margin	-151.83%	-202.44%	-99.88%	-30.72%	-11.46%	-190.30%	-12.03%	-39.38%	9.91%	255.66%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Cronos Group's Financials

When does Cronos Group's fiscal year end?

According to the most recent income statement we have on file, Cronos Group's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Cronos Group's net income changed over the last 2 years?

Cronos Group's net income appears to be on a downward trend, with a most recent value of $40.02 million in 2024, falling from -$168.73 million in 2022. The previous period was -$74.55 million in 2023.

What is Cronos Group's operating income?

Cronos Group's total operating income in 2024 was -$76.53 million, based on the following breakdown:

Total Gross Profit: $25.20 million
Total Operating Expenses: $101.73 million

How has Cronos Group revenue changed over the last 2 years?

Over the last 2 years, Cronos Group's total revenue changed from $86.75 million in 2022 to $117.62 million in 2024, a change of 35.6%.

How much debt does Cronos Group have?

Cronos Group's total liabilities were at $55.33 million at the end of 2024, a 25.3% increase from 2023, and a 23.2% decrease since 2022.

How much cash does Cronos Group have?

In the past 2 years, Cronos Group's cash and equivalents has ranged from $669.29 million in 2023 to $858.81 million in 2024, and is currently $858.81 million as of their latest financial filing in 2024.

How has Cronos Group's book value per share changed over the last 2 years?

Over the last 2 years, Cronos Group's book value per share changed from 3.02 in 2022 to 2.78 in 2024, a change of -7.9%.

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This page (NASDAQ:CRON) was last updated on 4/15/2025 by MarketBeat.com Staff

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Cronos Group (CRON) Financials

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Cronos Group (CRON) Financials

Annual Income Statements for Cronos Group

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