Green Thumb Industries (GTBIF) Operating Income (2019 - 2026)
Green Thumb Industries (GTBIF) recorded Operating Income of $19.97 million in Q2 2026, down 49.4% from $39.43 million a year earlier and down 51.0% from the prior quarter.
Green Thumb Industries (GTBIF) Operating Income (2019 - 2026) Analysis & Trends
On a TTM basis, Green Thumb Industries' Operating Income came in at $116.49 million as of Jun 30, 2026, down 35.9% year-over-year; for FY2025, it was $137.7 million, down 38.6% from FY2024.
- Annual Operating Income has a five-year compound annual growth rate of 5.4% (FY2020 to FY2025).
- Across earlier years, Operating Income came in at $224.43 million in FY2024 (+21.6%), $184.63 million in FY2023 (+52.5%), $121.06 million in FY2022 (-43.6%) and $214.84 million in FY2021 (+102.5%).
- Quarterly Operating Income has ranged from -$44.51 million in Q4 2022 to $70.67 million in Q1 2024 over the past five years.
- On a year-over-year basis, Operating Income has declined for six consecutive quarters, with an average decline of 25.1% over the last eight quarters.
- Peak year-over-year performance for Operating Income in the last five years was growth of 59.9% in Q1 2024, against a decline of 66.7% in Q4 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $40.73 million (Q1 2026), $19.04 million (Q4 2025) and $36.74 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 297.66 Bn | 279.23 Bn | 7.66 Bn | 4.53 Bn |
| 2 | British American Tobacco p.l.c | 125.80 Bn | 104.94 Bn | - | - |
| 3 | Altria | 112.42 Bn | 98.63 Bn | 3.82 Bn | 3.14 Bn |
| 4 | Curaleaf Holdings | 2.73 Bn | 2.33 Bn | 169.91 Mn | 4.22 Mn |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | 19.22 Mn |
| 6 | Trulieve Cannabis | 2.10 Bn | 712.57 Mn | 162.29 Mn | -370.52 Mn |
| 7 | Green Thumb Industries | 1.33 Bn | 184.54 Mn | 137.87 Mn | 19.97 Mn |
| 8 | Cronos | 1.22 Bn | -2.00 Bn | 28.45 Mn | 7.40 Mn |
| 9 | Turning Point Brands | 1.18 Bn | 308.67 Mn | 93.70 Mn | 16.71 Mn |
| 10 | Verano Holdings | 808.33 Mn | 481.94 Mn | 99.70 Mn | 3.14 Mn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.97 Mn |
| Mar 31, 2026 | 40.73 Mn |
| Dec 31, 2025 | 19.04 Mn |
| Sep 30, 2025 | 36.74 Mn |
| Jun 30, 2025 | 39.43 Mn |
| Mar 31, 2025 | 42.48 Mn |
| Dec 31, 2024 | 57.11 Mn |
| Sep 30, 2024 | 42.62 Mn |
| Jun 30, 2024 | 54.02 Mn |
| Mar 31, 2024 | 70.67 Mn |
| Dec 31, 2023 | 50.34 Mn |
| Sep 30, 2023 | 49.03 Mn |
| Jun 30, 2023 | 41.06 Mn |
| Mar 31, 2023 | 44.20 Mn |
| Dec 31, 2022 | -44.51 Mn |
| Sep 30, 2022 | 48.76 Mn |
| Jun 30, 2022 | 62.26 Mn |
| Mar 31, 2022 | 54.55 Mn |
| Dec 31, 2021 | 54.38 Mn |
| Sep 30, 2021 | 58.07 Mn |
Green Thumb Industries Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=GTBIF&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "GTBIF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=GTBIF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();