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.
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Analysis
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 Set
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
Download Data
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 |
API Access
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_KEYimport 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();