Green Thumb Industries (GTBIF) Gross Margin
Green Thumb Industries (GTBIF) currently has a gross margin of 46.9%. Margins are contracting over recent quarters. The company is a multi-state cannabis operator (MSO) trading on the OTC.
Current Gross Margin
46.9%
Margin Trend
Contracting
Latest Quarter Margin
45.0%
Quarterly Gross Margin
| Period | Revenue | COGS | Gross Profit | Gross Margin |
|---|---|---|---|---|
| FY2026 Q2 | $306.7M | $168.8M | $137.9M | 45.0% |
| FY2026 Q1 | $300.2M | $156.5M | $143.6M | 47.9% |
| FY2025 Q4 | $311.1M | $169.8M | $141.3M | 45.4% |
| FY2025 Q3 | $291.4M | $147.3M | $144.0M | 49.4% |
| FY2025 Q2 | $293.3M | $147.0M | $146.3M | 49.9% |
| FY2025 Q1 | $279.5M | $136.3M | $143.3M | 51.3% |
| FY2024 Q4 | $294.3M | $136.3M | $158.1M | 53.7% |
| FY2024 Q3 | $286.9M | $139.3M | $147.6M | 51.4% |
| FY2024 Q2 | $280.1M | $129.6M | $150.5M | 53.7% |
| FY2024 Q1 | $275.8M | $130.9M | $144.9M | 52.5% |
| FY2023 Q4 | $278.2M | $135.5M | $142.7M | 51.3% |
| FY2023 Q3 | $275.4M | $141.6M | $133.8M | 48.6% |
Frequently Asked Questions
What is GTBIF's current gross margin?+
Gross margin for Green Thumb Industries is calculated as (revenue minus cost of revenue) divided by revenue, expressed as a percentage. It measures how efficiently the company converts sales into gross profit before operating expenses. Higher margins indicate better pricing power or lower production costs.
What is a good gross margin for cannabis companies?+
Cannabis gross margins vary widely by sub-sector. Retailers typically see 40-55%, vertically integrated MSOs 45-60%, and LPs 20-45%. Green Thumb Industries's margin should be compared to peers in the same sub-sector for meaningful context. Margins above 50% generally indicate strong pricing power.
Why do GTBIF's margins change quarter to quarter?+
Gross margin fluctuations for Green Thumb Industries can result from changes in product mix, pricing pressure from competition, input cost changes (e.g., energy, labor), inventory write-downs, or scaling into new markets where initial costs are higher. Seasonal harvest patterns can also affect margins for cultivators.