Green Thumb Industries (GTBIF) Tax Rate (2020 - 2026)
Green Thumb Industries' Tax Rate came in at 78.51% for Q2 2026, down 18.21 percentage points from 96.72% a year earlier but up 2.34 percentage points from the prior quarter.
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Analysis
Green Thumb Industries (GTBIF) Tax Rate (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Green Thumb Industries reported Tax Rate of 55.28%, down 23.66 percentage points year-over-year; for FY2025, it was 55.93%, down 7.17 percentage points from FY2024.
- Tax Rate has declined in each of the last three years, with a five-year change of -25.53 percentage points (FY2020 to FY2025).
- Going back by year, Tax Rate was 63.10% in FY2024 (-12.92 pp), 76.02% in FY2023 (-11.39 pp), 87.41% in FY2022 (+26.61 pp) and 60.79% in FY2021 (-20.67 pp).
- The five-year range for quarterly Tax Rate is 13.08% (Q4 2022) to 96.72% (Q2 2025).
- Year-over-year, Tax Rate has declined for four consecutive quarters, with an average year-over-year change of -2.18 percentage points over the last eight quarters.
- The fastest year-over-year change in Tax Rate over five years came in Q4 2023 (a gain of 74.45 percentage points), and the weakest in Q4 2022 (a drop of 39.26 percentage points).
- Business Quant data shows GTBIF's Tax Rate at 76.17% (Q1 2026), 35.27% (Q4 2025) and 67.36% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.85 Bn | 281.83 Bn | 7.85 Bn | 21.46% |
| 2 | British American Tobacco p.l.c | 140.62 Bn | 117.27 Bn | - | - |
| 3 | Altria | 126.99 Bn | 113.97 Bn | 3.94 Bn | 23.59% |
| 4 | RLX Technology | 2.37 Bn | -1.38 Bn | 52.74 Mn | - |
| 5 | Curaleaf Holdings | 2.36 Bn | 1.98 Bn | 170.48 Mn | - |
| 6 | Verano Holdings | 2.05 Bn | 1.71 Bn | 100.04 Mn | 226.91% |
| 7 | Trulieve Cannabis | 1.89 Bn | 629.78 Mn | 148.02 Mn | 97.14% |
| 8 | Green Thumb Industries | 1.59 Bn | 362.48 Mn | 146.79 Mn | 131.08% |
| 9 | Cronos | 1.25 Bn | -1.89 Bn | 32.28 Mn | 4.80% |
| 10 | Turning Point Brands | 1.25 Bn | 333.93 Mn | 85.18 Mn | 17.11% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 131.08% |
| 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 | 70.98% |
| Sep 30, 2024 | 77.88% |
| Jun 30, 2024 | 60.40% |
| Mar 31, 2024 | 50.63% |
| Dec 31, 2023 | 87.54% |
| Sep 30, 2023 | 76.16% |
| Jun 30, 2023 | 65.30% |
| Mar 31, 2023 | 78.15% |
| Sep 30, 2022 | 76.46% |
| Jun 30, 2022 | 60.79% |
| Mar 31, 2022 | 51.19% |
| Dec 31, 2021 | 52.34% |
| Sep 30, 2021 | 63.36% |
API Access
Green Thumb Industries Tax Rate 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=tax-rate&ticker=GTBIF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=GTBIF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();