Green Thumb Industries (GTBIF) Tax Rate (2019 - 2026)
Green Thumb Industries' (GTBIF) quarterly Tax Rate came in at 78.51% in Q2 2026, down 1821.0% on a YoY basis from 4.56% in Q2 2025, and up 3.08% quarter-over-quarter from 76.17% in Q1 2026.
Analysis
Green Thumb Industries (GTBIF) Tax Rate (2019 - 2026) Analysis & Trends
Green Thumb Industries (GTBIF) has reported Tax Rate for 8 consecutive years, with 78.51% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Tax Rate fell 1821.0% year-over-year to 78.51%; the trailing twelve-month figure through Jun 2026 stood at 55.28% (down 2780.0% YoY), and the FY2025 full-year result was 55.93%, down 1019.0% from the prior year.
- Tax Rate climbed to 78.51% in Q2 2026 per GTBIF's latest filing, from 76.17% in the prior quarter.
- Across five years, Tax Rate topped out at 138.72% in Q4 2023 and bottomed at 69.01% in Q4 2022.
- Historically, Tax Rate has averaged 65.79% across 5 years, with a median of 76.16% in 2023.
- The sharpest annual moves came in 2022 and 2023: Tax Rate tumbled 13629 bps in 2022, then soared 20773 bps in 2023.
- Over 5 years, Tax Rate stood at 69.01% in 2022, then soared by 301 bps to 138.72% in 2023, then sank by 39 bps to 84.69% in 2024, then sank by 58 bps to 35.27% in 2025, then surged by 123 bps to 78.51% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 78.51%, 76.17%, and 35.27% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Curaleaf Holdings | 2.65 Bn | 2.56 Bn | 169.91 Mn | 147.48% |
| 2 | Trulieve Cannabis | 2.29 Bn | 1.97 Bn | 162.29 Mn | -5.73% |
| 3 | Green Thumb Industries | 1.70 Bn | 1.42 Bn | 137.87 Mn | 78.51% |
| 4 | Cronos | 1.18 Bn | 383.59 Mn | 28.45 Mn | 0.14% |
| 5 | Glass House Brands | 669.01 Mn | 650.45 Mn | 15.77 Mn | -202.92% |
| 6 | Vireo Growth | 547.35 Mn | 405.05 Mn | 95.30 Mn | 140.85% |
| 7 | Tilray Brands | 470.70 Mn | 236.07 Mn | 90.52 Mn | 42.30% |
| 8 | Verano Holdings | 437.36 Mn | 352.16 Mn | 99.70 Mn | -27.89% |
| 9 | Canopy Growth | 406.56 Mn | 159.54 Mn | 16.08 Mn | 0.88% |
| 10 | Sndl | 361.28 Mn | 228.73 Mn | 40.74 Mn | -17.72% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 78.51% |
| Mar 31, 2026 | 76.17% |
| Dec 31, 2025 | 35.27% |
| Sep 30, 2025 | 67.36% |
| Jun 30, 2025 | 96.72% |
| Mar 31, 2025 | 78.85% |
| Dec 31, 2024 | 84.69% |
| Sep 30, 2024 | 77.88% |
| Jun 30, 2024 | 60.40% |
| Mar 31, 2024 | 50.63% |
| Dec 31, 2023 | 138.72% |
| Sep 30, 2023 | 76.16% |
| Jun 30, 2023 | 65.30% |
| Mar 31, 2023 | 78.15% |
| Dec 31, 2022 | -69.01% |
| Sep 30, 2022 | 76.46% |
| Jun 30, 2022 | 60.79% |
| Mar 31, 2022 | 51.19% |
| Dec 31, 2021 | 67.28% |
| Sep 30, 2021 | 63.36% |