Green Thumb Industries (GTBIF) Net Margin (2019 - 2026)
Green Thumb Industries' (GTBIF) quarterly Net Margin came in at 5.01% in Q1 2026, up 201.0% YoY from 1.67% in Q1 2025, and down 92.79% on a QoQ basis from 69.51% in Q4 2025.
Green Thumb Industries (GTBIF) Net Margin (2019 - 2026) Analysis & Trends
Green Thumb Industries (GTBIF) has 8 years of Net Margin data on file, last reported at 5.01% in Q1 2026.
- Quarterly Net Margin rose 201.0% year-over-year to 5.01% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 21.39% (up 768.0% YoY) and the FY2025 annual result came in at 21.2%, up 543.0% from the prior year.
- Net Margin eased to 5.01% in Q1 2026, from 69.51% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 69.51% in Q4 2025 to a low of 38.18% in Q4 2022.
- A 5-year average of 10.65% and a median of 5.42% in 2023 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2022 — Net Margin plunged 9919 bps — and 2023, when it jumped 7031 bps.
- Tracing GTBIF's Net Margin over 5 years: stood at 38.18% in 2022, then jumped by 184 bps to 32.12% in 2023, then advanced by 25 bps to 40.22% in 2024, then surged by 73 bps to 69.51% in 2025, then tumbled by 93 bps to 5.01% in 2026.
- The last three Net Margin figures came in at 5.01% (Q1 2026), 69.51% (Q4 2025), and 8.17% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Haleon | 43.91 Bn | 42.95 Bn | - | - |
| 2 | Teva Pharmaceutical Industries | 42.98 Bn | 39.32 Bn | 2.15 Bn | -13.91% |
| 3 | Zoetis | 31.53 Bn | 29.86 Bn | 1.05 Bn | 35.09% |
| 4 | Takeda Pharmaceutical | 28.61 Bn | 22.81 Bn | 5.10 Bn | 9.28% |
| 5 | United Therapeutics | 22.16 Bn | 19.49 Bn | 683.80 Mn | 42.51% |
| 6 | Viatris | 18.74 Bn | 17.85 Bn | 1.46 Bn | -3.16% |
| 7 | Neurocrine Biosciences | 15.51 Bn | 15.12 Bn | 935.80 Mn | 15.06% |
| 8 | Elanco Animal Health | 11.76 Bn | 11.23 Bn | 798.00 Mn | 3.95% |
| 9 | Dr Reddys Laboratories | 10.12 Bn | 9.95 Bn | - | - |
| 10 | Green Thumb Industries | 1.65 Bn | 1.37 Bn | 137.87 Mn | 1.12% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.12% |
| Mar 31, 2026 | 5.01% |
| Dec 31, 2025 | 69.51% |
| Sep 30, 2025 | 8.17% |
| Jun 30, 2025 | 0.25% |
| Mar 31, 2025 | 3.01% |
| Dec 31, 2024 | 40.22% |
| Sep 30, 2024 | 3.06% |
| Jun 30, 2024 | 7.47% |
| Mar 31, 2024 | 11.37% |
| Dec 31, 2023 | 32.12% |
| 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 | 61.01% |
| Sep 30, 2021 | 9.24% |