Green Thumb Industries (GTBIF) Net Margin (2019 - 2026)

Green Thumb Industries (GTBIF) reported Net Margin of 5.01% for Q1 2026, up 201.0% on a YoY basis from 1.67% in Q1 2025, and down 84.69% quarter-over-quarter from 32.73% in Q4 2025.

Green Thumb Industries (GTBIF) Net Margin (2019 - 2026) Analysis & Trends

Green Thumb Industries has reported Net Margin for 8 years, with the latest figure at 5.01% in Q1 2026.

  • For the quarter ending Q1 2026, Net Margin rose 201.0% year-over-year to 5.01%; the trailing twelve-month figure through Mar 2026 stood at 11.82% (up 789.0% YoY), and the FY2025 full-year result was 11.47%, up 550.0% from the prior year.
  • Net Margin for Q1 2026 stood at 5.01%, down from 32.73% in the prior quarter.
  • The five-year high for Net Margin was 32.73% in Q4 2025, with the low at 19.64% in Q4 2022.
  • Historically, Net Margin has averaged 5.53% across 5 years, with a median of 3.92% in 2023.
  • Annual changes were most pronounced in 2022 — Net Margin sank 2951 bps — and 2025, when it surged 3044 bps.
  • Green Thumb Industries' Net Margin stood at 19.64% in 2022, then soared by 106 bps to 1.26% in 2023, then soared by 82 bps to 2.29% in 2024, then soared by 1326 bps to 32.73% in 2025, then plunged by 85 bps to 5.01% in 2026.
  • The last three Net Margin figures came in at 5.01% (Q1 2026), 32.73% (Q4 2025), and 8.17% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Teva Pharmaceutical Industries 38.34 Bn 34.60 Bn 1.97 Bn 9.19%
2 Zoetis 33.27 Bn 31.33 Bn 1.62 Bn 26.57%
3 United Therapeutics 23.75 Bn 21.60 Bn 648.10 Mn 35.18%
4 Aurora Cannabis 17.11 Bn 17.03 Bn 33.43 Mn 2.94%
5 Neurocrine Biosciences 16.37 Bn 15.05 Bn 800.70 Mn 24.30%
6 Elanco Animal Health 11.78 Bn 11.35 Bn 785.00 Mn 4.16%
7 Alkermes 7.05 Bn 6.54 Bn -116.06 Mn -168.42%
8 Lantheus Holdings 6.49 Bn 5.99 Bn 230.92 Mn 31.38%
9 Hims & Hers Health 6.19 Bn 5.44 Bn 396.79 Mn -15.15%
10 Green Thumb Industries - - 143.65 Mn 5.01%

Historic Data

Download Data
DateValue
Mar 31, 2026 5.01%
Dec 31, 2025 32.73%
Sep 30, 2025 8.17%
Jun 30, 2025 0.25%
Mar 31, 2025 3.01%
Dec 31, 2024 2.29%
Sep 30, 2024 3.06%
Jun 30, 2024 7.47%
Mar 31, 2024 11.37%
Dec 31, 2023 1.26%
Sep 30, 2023 3.92%
Jun 30, 2023 5.42%
Mar 31, 2023 3.78%
Dec 31, 2022 -19.64%
Sep 30, 2022 3.89%
Jun 30, 2022 9.72%
Mar 31, 2022 12.24%
Dec 31, 2021 9.87%
Sep 30, 2021 9.24%
Jun 30, 2021 10.49%