Green Thumb Industries (GTBIF) Gross Margin (2019 - 2026)
Green Thumb Industries' (GTBIF) quarterly Gross Margin came in at 47.85% in Q1 2026, down 340.0% YoY from 19.94% in Q1 2025, and up 5.34% on a QoQ basis from 45.43% in Q4 2025.
Green Thumb Industries (GTBIF) Gross Margin (2019 - 2026) Analysis & Trends
Green Thumb Industries (GTBIF) has 8 years of Gross Margin data on file, last reported at 47.85% in 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 rose to 47.85% in Q1 2026, from 45.43% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 53.73% in Q2 2024 to a low of 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 plunged 828 bps.
- Tracing GTBIF's Gross Margin over 5 years: stood at 47.82% in 2022, then rose by 7 bps to 51.28% in 2023, then advanced by 5 bps to 53.71% in 2024, then dropped by 15 bps to 45.43% in 2025, then increased by 5 bps to 47.85% in 2026.
- The last three Gross Margin figures came in at 47.85% (Q1 2026), 45.43% (Q4 2025), and 49.43% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Haleon | 43.83 Bn | 42.86 Bn | - | - |
| 2 | Teva Pharmaceutical Industries | 42.87 Bn | 39.22 Bn | 2.15 Bn | 51.98% |
| 3 | Zoetis | 31.41 Bn | 29.73 Bn | 1.05 Bn | 42.63% |
| 4 | Takeda Pharmaceutical | 28.55 Bn | 22.75 Bn | 5.10 Bn | 66.66% |
| 5 | United Therapeutics | 22.08 Bn | 19.42 Bn | 683.80 Mn | 87.30% |
| 6 | Viatris | 18.73 Bn | 17.84 Bn | 1.46 Bn | 38.77% |
| 7 | Neurocrine Biosciences | 15.44 Bn | 15.05 Bn | 935.80 Mn | 97.58% |
| 8 | Elanco Animal Health | 11.75 Bn | 11.22 Bn | 798.00 Mn | 58.33% |
| 9 | Dr Reddys Laboratories | 10.11 Bn | 9.94 Bn | - | - |
| 10 | Green Thumb Industries | 1.65 Bn | 1.37 Bn | 137.87 Mn | 44.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 44.96% |
| 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% |