Green Thumb Industries (GTBIF) Tax Rate (2019 - 2026)
Green Thumb Industries (GTBIF) reported Tax Rate of 76.17% for Q1 2026, down 268.0% on a YoY basis from 45.34% in Q1 2025, and up 268.12% quarter-over-quarter from 20.69% in Q4 2025.
Green Thumb Industries (GTBIF) Tax Rate (2019 - 2026) Analysis & Trends
Green Thumb Industries has reported Tax Rate for 8 years, with the latest figure at 76.17% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate fell 268.0% year-over-year to 76.17%; the trailing twelve-month figure through Mar 2026 stood at 50.69% (down 2388.0% YoY), and the FY2025 full-year result was 48.82%, down 1730.0% from the prior year.
- Tax Rate for Q1 2026 stood at 76.17%, up from 20.69% in the prior quarter.
- The five-year high for Tax Rate was 96.72% in Q2 2025, with the low at 13.08% in Q4 2022.
- Historically, Tax Rate has averaged 66.0% across 5 years, with a median of 76.16% in 2023.
- Annual changes were most pronounced in 2023 — Tax Rate soared 7445 bps — and 2025, when it tumbled 6400 bps.
- Green Thumb Industries' Tax Rate stood at 13.08% in 2022, then jumped by 569 bps to 87.54% in 2023, then declined by 3 bps to 84.69% in 2024, then slumped by 76 bps to 20.69% in 2025, then surged by 268 bps to 76.17% in 2026.
- The last three Tax Rate figures came in at 76.17% (Q1 2026), 20.69% (Q4 2025), and 67.36% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Teva Pharmaceutical Industries | 39.72 Bn | 35.98 Bn | 1.97 Bn | 15.33% |
| 2 | Zoetis | 34.61 Bn | 32.67 Bn | 1.62 Bn | 20.71% |
| 3 | United Therapeutics | 24.07 Bn | 21.91 Bn | 648.10 Mn | 13.63% |
| 4 | Aurora Cannabis | 16.98 Bn | 16.91 Bn | 33.43 Mn | -20.44% |
| 5 | Neurocrine Biosciences | 16.64 Bn | 15.32 Bn | 800.70 Mn | 19.81% |
| 6 | Elanco Animal Health | 12.19 Bn | 11.76 Bn | 785.00 Mn | 34.48% |
| 7 | Alkermes | 7.37 Bn | 6.86 Bn | -116.06 Mn | -7.43% |
| 8 | Hims & Hers Health | 6.62 Bn | 5.87 Bn | 396.79 Mn | 9.29% |
| 9 | Lantheus Holdings | 6.47 Bn | 5.97 Bn | 230.92 Mn | 24.29% |
| 10 | Green Thumb Industries | - | - | 143.65 Mn | 76.17% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 76.17% |
| Mar 31, 2026 | 76.17% |
| Dec 31, 2025 | 20.69% |
| Dec 31, 2025 | 20.69% |
| Sep 30, 2025 | 67.36% |
| Sep 30, 2025 | 67.36% |
| Jun 30, 2025 | 96.72% |
| Jun 30, 2025 | 96.72% |
| Mar 31, 2025 | 78.85% |
| Mar 31, 2025 | 78.85% |
| Dec 31, 2024 | 84.69% |
| Dec 31, 2024 | 84.69% |
| Sep 30, 2024 | 77.88% |
| Sep 30, 2024 | 77.88% |
| Jun 30, 2024 | 60.40% |
| Jun 30, 2024 | 60.40% |
| Mar 31, 2024 | 50.63% |
| Mar 31, 2024 | 50.63% |
| Dec 31, 2023 | 87.54% |
| Dec 31, 2023 | 87.54% |