Green Thumb Industries (GTBIF) Net Margin (2019 - 2026)
Green Thumb Industries (GTBIF) posted Net Margin of 5.01% for Q1 2026, down 92.79% on a QoQ basis from 69.51% in Q4 2025, and up 201.0% year-over-year from 1.67% in Q1 2025.
Green Thumb Industries (GTBIF) Net Margin (2019 - 2026) Analysis & Trends
Green Thumb Industries' Net Margin history runs 8 years deep, the most recent figure standing at 5.01% for 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 was 5.01% for Q1 2026 at Green Thumb Industries, down from 69.51% in the prior quarter.
- Across five years, Net Margin topped out at 69.51% in Q4 2025 and bottomed at 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 tumbled 9919 bps — and 2023, when it jumped 7031 bps.
- Green Thumb Industries' Net Margin stood at 38.18% in 2022, then soared by 184 bps to 32.12% in 2023, then grew by 25 bps to 40.22% in 2024, then jumped by 73 bps to 69.51% in 2025, then sank by 93 bps to 5.01% in 2026.
- Business Quant data shows GTBIF's Net Margin at 5.01% in Q1 2026, 69.51% in Q4 2025, and 8.17% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Haleon | 87.22 Bn | 85.35 Bn | - | - |
| 2 | Teva Pharmaceutical Industries | 39.60 Bn | 35.87 Bn | 1.97 Bn | 9.29% |
| 3 | Zoetis | 31.46 Bn | 29.52 Bn | 1.62 Bn | 26.57% |
| 4 | Takeda Pharmaceutical | 26.49 Bn | 22.44 Bn | 4.39 Bn | -33.66% |
| 5 | United Therapeutics | 23.03 Bn | 20.88 Bn | 648.10 Mn | 35.18% |
| 6 | Universe Pharmaceuticals | 23.03 Bn | -10.56 Bn | - | - |
| 7 | Viatris | 20.90 Bn | 19.09 Bn | 1.16 Bn | 5.03% |
| 8 | Neurocrine Biosciences | 17.50 Bn | 16.19 Bn | 800.70 Mn | 24.30% |
| 9 | Elanco Animal Health | 12.33 Bn | 11.91 Bn | 785.00 Mn | 4.16% |
| 10 | Green Thumb Industries | 1.63 Bn | 1.29 Bn | 143.65 Mn | 5.01% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 10.49% |