Green Thumb Industries (GTBIF) Gross Margin (2019 - 2026)
Green Thumb Industries (GTBIF) posted Gross Margin of 47.85% for Q1 2026, up 5.34% on a QoQ basis from 45.43% in Q4 2025, and down 340.0% year-over-year from 19.94% in Q1 2025.
Green Thumb Industries (GTBIF) Gross Margin (2019 - 2026) Analysis & Trends
Green Thumb Industries' Gross Margin history runs 8 years deep, the most recent figure standing at 47.85% for Q1 2026.
- Quarterly Gross Margin fell 340.0% year-over-year to 47.85% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 48.1% (down 444.0% YoY) and the FY2025 annual result came in at 48.91%, down 395.0% from the prior year.
- Gross Margin was 47.85% for Q1 2026 at Green Thumb Industries, up from 45.43% in the prior quarter.
- Across five years, Gross Margin topped out at 53.73% in Q2 2024 and bottomed at 45.43% in Q4 2025.
- A 5-year average of 50.19% and a median of 50.18% in 2023 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2024 — Gross Margin soared 409 bps — and 2025, when it tumbled 828 bps.
- Green Thumb Industries' Gross Margin stood at 47.82% in 2022, then advanced by 7 bps to 51.28% in 2023, then grew by 5 bps to 53.71% in 2024, then fell by 15 bps to 45.43% in 2025, then gained by 5 bps to 47.85% in 2026.
- Business Quant data shows GTBIF's Gross Margin at 47.85% in Q1 2026, 45.43% in Q4 2025, and 49.43% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Haleon | 87.22 Bn | 85.35 Bn | - | - |
| 2 | Teva Pharmaceutical Industries | 39.60 Bn | 35.87 Bn | 1.97 Bn | 49.52% |
| 3 | Zoetis | 31.46 Bn | 29.52 Bn | 1.62 Bn | 71.66% |
| 4 | Takeda Pharmaceutical | 26.49 Bn | 22.44 Bn | 4.39 Bn | 62.93% |
| 5 | United Therapeutics | 23.03 Bn | 20.88 Bn | 648.10 Mn | 82.93% |
| 6 | Universe Pharmaceuticals | 23.03 Bn | -10.56 Bn | - | - |
| 7 | Viatris | 20.90 Bn | 19.09 Bn | 1.16 Bn | 32.97% |
| 8 | Neurocrine Biosciences | 17.50 Bn | 16.19 Bn | 800.70 Mn | 98.31% |
| 9 | Elanco Animal Health | 12.33 Bn | 11.91 Bn | 785.00 Mn | 57.26% |
| 10 | Green Thumb Industries | 1.63 Bn | 1.29 Bn | 143.65 Mn | 47.85% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 47.85% |
| Dec 31, 2025 | 45.43% |
| Sep 30, 2025 | 49.43% |
| Jun 30, 2025 | 49.87% |
| Mar 31, 2025 | 51.25% |
| Dec 31, 2024 | 53.71% |
| Sep 30, 2024 | 51.45% |
| Jun 30, 2024 | 53.73% |
| Mar 31, 2024 | 52.55% |
| Dec 31, 2023 | 51.28% |
| Sep 30, 2023 | 48.59% |
| Jun 30, 2023 | 49.64% |
| Mar 31, 2023 | 50.18% |
| Dec 31, 2022 | 47.82% |
| Sep 30, 2022 | 50.25% |
| Jun 30, 2022 | 49.47% |
| Mar 31, 2022 | 50.68% |
| Dec 31, 2021 | 52.81% |
| Sep 30, 2021 | 55.43% |
| Jun 30, 2021 | 55.40% |