Green Thumb Industries (GTBIF) Net Margin (2019 - 2026)
Green Thumb Industries' (GTBIF) quarterly Net Margin came in at 1.12% in Q2 2026, up 87.0% on a YoY basis from 0.6% in Q2 2025, and down 77.71% quarter-over-quarter from 5.01% in Q1 2026.
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Analysis
Green Thumb Industries (GTBIF) Net Margin (2019 - 2026) Analysis & Trends
Green Thumb Industries (GTBIF) has reported Net Margin for 8 consecutive years, with 1.12% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin rose 87.0% year-over-year to 1.12%; the trailing twelve-month figure through Jun 2026 stood at 10.37% (up 823.0% YoY), and the FY2025 full-year result was 9.87%, up 391.0% from the prior year.
- Net Margin fell to 1.12% in Q2 2026 per GTBIF's latest filing, from 5.01% in the prior quarter.
- Across five years, Net Margin topped out at 26.72% in Q4 2025 and bottomed at 38.18% in Q4 2022.
- Historically, Net Margin has averaged 3.63% across 5 years, with a median of 3.9% in 2023.
- The sharpest annual moves came in 2022 and 2023: Net Margin sank 4496 bps in 2022, then surged 3425 bps in 2023.
- Over 5 years, Net Margin stood at 38.18% in 2022, then soared by 90 bps to 3.93% in 2023, then soared by 158 bps to 2.29% in 2024, then surged by 1064 bps to 26.72% in 2025, then plunged by 96 bps to 1.12% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 1.12%, 5.01%, and 26.72% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Curaleaf Holdings | 2.66 Bn | 2.56 Bn | 169.91 Mn | 3.68% |
| 2 | Trulieve Cannabis | 2.27 Bn | 1.94 Bn | 162.29 Mn | -149.83% |
| 3 | Green Thumb Industries | 1.71 Bn | 1.42 Bn | 137.87 Mn | 1.12% |
| 4 | Cronos | 1.18 Bn | 379.85 Mn | 28.45 Mn | 50.52% |
| 5 | Glass House Brands | 666.14 Mn | 647.59 Mn | 15.77 Mn | -14.21% |
| 6 | Vireo Growth | 545.10 Mn | 402.80 Mn | 95.30 Mn | -2.77% |
| 7 | Tilray Brands | 470.81 Mn | 236.18 Mn | 90.52 Mn | -10.52% |
| 8 | Verano Holdings | 434.44 Mn | 349.24 Mn | 99.70 Mn | -6.15% |
| 9 | Canopy Growth | 406.26 Mn | 159.25 Mn | 16.08 Mn | -14.53% |
| 10 | Sndl | 362.57 Mn | 230.02 Mn | 40.74 Mn | -4.75% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.12% |
| Mar 31, 2026 | 5.01% |
| Dec 31, 2025 | 26.72% |
| 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 | -3.93% |
| Sep 30, 2023 | 3.92% |
| Jun 30, 2023 | 5.42% |
| Mar 31, 2023 | 3.78% |
| Dec 31, 2022 | -38.18% |
| Sep 30, 2022 | 3.89% |
| Jun 30, 2022 | 9.72% |
| Mar 31, 2022 | 12.24% |
| Dec 31, 2021 | 6.78% |
| Sep 30, 2021 | 9.24% |