Cronos Group Inc. (CRON) intrinsic value & 10-year financials
Cronos Group Inc. (CRON) has a Graham intrinsic value of CAD 3.65 per share. At CAD 3.21 on Oct 17, 2026, the stock trades 12% below that value. Over the last 10 fiscal years revenue grew 61.6% a year to CAD 146.6M, with an average return on invested capital of -28.9%.
- Graham intrinsic value
- CAD 3.65
- Share price (Oct 17, 2026)
- CAD 3.21
- Price vs Graham value
- 12% below
- Market cap
- CAD 1.2B
- Revenue (FY2025)
- CAD 146.6M
- Revenue growth (10-yr CAGR)
- 61.6%
- ROIC (10-yr avg)
- -28.9%
- Free cash flow (FY2025)
- CAD 149.0K
CRON 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | CAD 146.6M | -CAD 9.4M | -CAD 0.02 | CAD 149.0K | -11.9% | -3.4% |
| FY2024 | CAD 117.6M | CAD 41.1M | CAD 0.11 | CAD 6.4M | -65.1% | -24.0% |
| FY2023 | CAD 87.2M | -CAD 74.0M | -CAD 0.19 | -CAD 45.3M | -97.2% | -20.0% |
| FY2022 | CAD 91.9M | -CAD 168.7M | -CAD 0.45 | -CAD 92.4M | -135.8% | -29.8% |
| FY2021 | CAD 74.4M | -CAD 396.1M | -CAD 1.07 | -CAD 164.8M | -753.1% | -101.9% |
| FY2020 | CAD 46.7M | -CAD 73.1M | -CAD 0.21 | -CAD 173.9M | -383.9% | -29.9% |
| FY2019 | CAD 23.8M | CAD 1.2B | CAD 3.33 | -CAD 168.7M | -511.5% | -21.8% |
| FY2018 | CAD 12.1M | -CAD 21.6M | -CAD 0.07 | -CAD 95.8M | -176.1% | -20.1% |
| FY2017 | CAD 3.1M | -CAD 1.5M | -CAD 0.01 | -CAD 37.2M | -194.5% | -9.0% |
| FY2016 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in CAD.
Executive summary
Cronos Group Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Cronos Group Inc. has historically struggled to out-earn its cost of capital, averaging just -33.0% ROIC.
Cronos Group Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Cronos Group Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $3.65 per share.