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| Date | Value |
|---|---|
| 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% |