Green Thumb Industries (GTBIF) Invested Capital (2018 - 2026)
Green Thumb Industries (GTBIF) reported Invested Capital of $2.42 billion for Q3 2026, up 3.8% from $2.33 billion a year earlier but down 0.3% from the prior quarter.
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Analysis
Green Thumb Industries (GTBIF) Invested Capital (2018 - 2026) Analysis & Trends
For FY2025, Green Thumb Industries posted Invested Capital of $2.4 billion, up 4.4% from FY2024.
- Invested Capital has increased for six consecutive years, with a five-year compound annual growth rate of 18.8% (FY2020 to FY2025).
- By year, Invested Capital came in at $2.3 billion in FY2024 (+14.3%), $2.01 billion in FY2023 (+3.6%), $1.94 billion in FY2022 (+4.4%) and $1.86 billion in FY2021 (+83.5%).
- Five-year quarterly Invested Capital spans a low of $1.86 billion in Q4 2021 and a high of $2.43 billion in Q2 2026.
- Year over year, Invested Capital has now increased in each of the last 24 quarters, with growth averaging 6.0% over the last eight quarters.
- Across the past five years, year-over-year growth in Invested Capital ran from 0.1% in Q1 2025 to 83.5% in Q4 2021.
- Per Business Quant data, the three quarters before Q3 2026 came in at $2.43 billion (Q2 2026), $2.19 billion (Q1 2026) and $2.4 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 310.09 Bn | 289.08 Bn | 7.85 Bn | 39.63 Bn |
| 2 | British American Tobacco p.l.c | 143.09 Bn | 119.75 Bn | - | 108.08 Bn |
| 3 | Altria | 130.85 Bn | 117.83 Bn | 3.94 Bn | 21.84 Bn |
| 4 | RLX Technology | 2.40 Bn | -1.35 Bn | 52.74 Mn | 2.33 Bn |
| 5 | Curaleaf Holdings | 2.08 Bn | 1.70 Bn | 170.48 Mn | 1.48 Bn |
| 6 | Trulieve Cannabis | 1.86 Bn | 595.66 Mn | 148.02 Mn | 958.20 Mn |
| 7 | Verano Holdings | 1.83 Bn | 1.48 Bn | 100.04 Mn | 1.06 Bn |
| 8 | Green Thumb Industries | 1.49 Bn | 262.73 Mn | 146.79 Mn | 2.42 Bn |
| 9 | Cronos | 1.24 Bn | -1.90 Bn | 32.28 Mn | - |
| 10 | Turning Point Brands | 1.10 Bn | 187.99 Mn | 85.18 Mn | 744.07 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.42 Bn |
| Jun 30, 2026 | 2.43 Bn |
| Mar 31, 2026 | 2.19 Bn |
| Dec 31, 2025 | 2.40 Bn |
| Sep 30, 2025 | 2.33 Bn |
| Jun 30, 2025 | 2.30 Bn |
| Mar 31, 2025 | 2.06 Bn |
| Dec 31, 2024 | 2.30 Bn |
| Sep 30, 2024 | 2.29 Bn |
| Jun 30, 2024 | 2.06 Bn |
| Mar 31, 2024 | 2.06 Bn |
| Dec 31, 2023 | 2.01 Bn |
| Sep 30, 2023 | 2.01 Bn |
| Jun 30, 2023 | 2.00 Bn |
| Mar 31, 2023 | 1.96 Bn |
| Dec 31, 2022 | 1.94 Bn |
| Sep 30, 2022 | 1.96 Bn |
| Jun 30, 2022 | 1.94 Bn |
| Mar 31, 2022 | 1.90 Bn |
| Dec 31, 2021 | 1.86 Bn |
API Access
Green Thumb Industries Invested Capital 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=invested-capital&ticker=GTBIF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=GTBIF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();