Green Thumb Industries (GTBIF) EBITDA Margin (2019 - 2026)
Green Thumb Industries (GTBIF) recorded EBITDA Margin of 17.33% in Q2 2026, down 6.24 percentage points from 23.56% a year earlier and down 7.04 percentage points from the prior quarter.
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Analysis
Green Thumb Industries (GTBIF) EBITDA Margin (2019 - 2026) Analysis & Trends
On a TTM basis, Green Thumb Industries' EBITDA Margin came in at 22.20% as of Jun 30, 2026, down 3.64 percentage points year-over-year; for FY2025, it was 24.09%, down 5.60 percentage points from FY2024.
- Annual EBITDA Margin has a five-year change of -4.41 percentage points (FY2020 to FY2025).
- Across earlier years, EBITDA Margin came in at 29.69% in FY2024 (+2.63 pp), 27.07% in FY2023 (+5.66 pp), 21.40% in FY2022 (-10.30 pp) and 31.70% in FY2021 (+3.21 pp).
- The Q2 2026 figure is the lowest quarterly EBITDA Margin since Q4 2022.
- On a year-over-year basis, EBITDA Margin has declined for six consecutive quarters, with an average year-over-year change of -3.90 percentage points over the last eight quarters.
- Peak year-over-year performance for EBITDA Margin in the last five years was a gain of 35.49 percentage points in Q4 2023, against a drop of 38.58 percentage points in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 24.37% (Q1 2026), 24.21% (Q4 2025) and 22.93% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.85 Bn | 281.83 Bn | 7.85 Bn | 47.01% |
| 2 | British American Tobacco p.l.c | 140.62 Bn | 117.27 Bn | - | - |
| 3 | Altria | 126.99 Bn | 113.97 Bn | 3.94 Bn | 55.01% |
| 4 | RLX Technology | 2.37 Bn | -1.38 Bn | 52.74 Mn | - |
| 5 | Curaleaf Holdings | 2.36 Bn | 1.98 Bn | 170.48 Mn | 15.45% |
| 6 | Verano Holdings | 2.05 Bn | 1.71 Bn | 100.04 Mn | 19.64% |
| 7 | Trulieve Cannabis | 1.89 Bn | 629.78 Mn | 148.02 Mn | 26.15% |
| 8 | Green Thumb Industries | 1.59 Bn | 362.48 Mn | 146.79 Mn | 22.57% |
| 9 | Cronos | 1.25 Bn | -1.89 Bn | 32.28 Mn | 16.37% |
| 10 | Turning Point Brands | 1.25 Bn | 333.93 Mn | 85.18 Mn | 8.50% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 22.57% |
| Jun 30, 2026 | 21.80% |
| Mar 31, 2026 | 28.85% |
| Dec 31, 2025 | 4.59% |
| Sep 30, 2025 | 27.38% |
| Jun 30, 2025 | 27.93% |
| Mar 31, 2025 | 30.29% |
| Dec 31, 2024 | 33.58% |
| Sep 30, 2024 | 30.70% |
| Jun 30, 2024 | 33.71% |
| Mar 31, 2024 | 40.14% |
| Dec 31, 2023 | 32.35% |
| Sep 30, 2023 | 31.33% |
| Jun 30, 2023 | 30.68% |
| Mar 31, 2023 | 32.16% |
| Dec 31, 2022 | -2.88% |
| Sep 30, 2022 | 32.61% |
| Jun 30, 2022 | 38.01% |
| Mar 31, 2022 | 36.01% |
| Dec 31, 2021 | 34.88% |
API Access
Green Thumb Industries EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=GTBIF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "GTBIF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=GTBIF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();