GTII/GTBIF · Green Thumb Industries Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $1.18B | $1.14B | $1.05B | $1.02B | $893.56M | $556.57M |
| Cost of Revenue | $600.40M | $536.03M | $528.06M | $513.41M | $401.63M | $252.40M |
| Gross Profit | $574.89M | $601.11M | $526.50M | $503.96M | $491.93M | $304.17M |
| R&D | - | - | - | - | - | - |
| SG&A | $437.19M | $376.68M | $341.86M | $294.40M | $277.09M | $198.06M |
| Total Operating Expenses | $437.19M | $376.68M | $341.86M | $382.90M | $277.09M | $198.06M |
| D&A | $145.45M | $113.21M | $100.79M | $96.66M | $68.46M | $52.51M |
| Operating Income | $137.70M | $224.43M | $184.63M | $121.06M | $214.84M | $106.11M |
| Interest Expense | $20.02M | $24.27M | $19.07M | $21.20M | $21.98M | $18.67M |
| Income Tax | $147.30M | $126.29M | $118.63M | $94.78M | $124.61M | $83.85M |
| Net Income | $114.15M | $73.08M | $36.27M | $11.98M | $75.44M | $14.99M |
| EPS - Basic | $0.49 | $0.31 | $0.15 | $0.05 | $0.34 | $0.07 |
| EPS - Diluted | $0.48 | $0.30 | $0.15 | $0.05 | $0.33 | $0.07 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $171.69M | $171.69M | $161.63M | $177.68M | $230.42M | $29.57M |
| Accounts Receivable | $51.27M | $52.83M | $42.98M | $30.98M | $22.10M | $21.41M |
| Inventory | $158.29M | $147.16M | $112.97M | $115.67M | $95.47M | $69.54M |
| Accounts Payable | $24.57M | $24.77M | $24.50M | $18.42M | $14.09M | $20.50M |
| Current Assets | $577.17M | $403.90M | $342.76M | $351.35M | $364.23M | $183.94M |
| Total Assets | $2.79B | $2.54B | $2.49B | $2.43B | $2.39B | $1.36B |
| Current Liabilities | $177.31M | $164.97M | $126.05M | $146.57M | $204.38M | $119.29M |
| Long-term Debt | $247.29M | $257.99M | - | - | - | - |
| Total Liabilities | $879.41M | $747.93M | $786.80M | $768.10M | $766.37M | $444.39M |
| Stockholders' Equity | $1.91B | $1.79B | $1.70B | $1.66B | $1.62B | $910.62M |
| Retained Earnings | - | - | - | - | - | - |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $294.93M | $195.18M | $224.97M | $158.56M | $132.05M | $95.92M |
| Investing Cash Flow | ($130.39M) | ($89.54M) | ($227.91M) | ($219.95M) | ($280.73M) | ($57.27M) |
| Financing Cash Flow | ($50.94M) | ($95.59M) | ($13.11M) | $8.64M | $295.34M | ($1.55M) |
| CapEx | $81.07M | $80.19M | $220.03M | $179.50M | $187.85M | $59.80M |
| Free Cash Flow | $213.86M | $115.00M | $4.93M | ($20.94M) | ($55.80M) | $36.12M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 48.9% | 52.9% | 49.9% | 49.5% | 55.1% | 54.7% |
| Operating margin | 11.7% | 19.7% | 17.5% | 11.9% | 24.0% | 19.1% |
| EBITDA margin | 24.1% | 29.7% | 27.1% | 21.4% | 31.7% | 28.5% |
| Net margin | 9.7% | 6.4% | 3.4% | 1.2% | 8.4% | 2.7% |
| Free cash flow margin | 18.2% | 10.1% | 0.5% | -2.1% | -6.2% | 6.5% |
| FCF / Net income | 1.87 | 1.57 | 0.14 | -1.75 | -0.74 | 2.41 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 37.2% | 33.1% | 32.4% | 28.9% | 31.0% | 35.6% |
| Effective tax rate | 56.3% | 63.3% | 76.6% | 88.8% | 62.3% | 84.8% |
| Return on assets | 4.1% | 2.9% | 1.5% | 0.5% | 3.2% | 1.1% |
| Return on equity | 6.0% | 4.1% | 2.1% | 0.7% | 4.7% | 1.6% |
| Return on invested capital | 3.2% | 5.5% | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 3.26 | 2.45 | 2.72 | 2.40 | 1.78 | 1.54 |
| Quick ratio | 2.36 | 1.56 | 1.82 | 1.61 | 1.32 | 0.96 |
| Cash ratio | 0.97 | 1.04 | 1.28 | 1.21 | 1.13 | 0.25 |
| Leverage | ||||||
| Debt / Equity | 0.13 | 0.14 | - | - | - | - |
| Debt / Assets | 0.09 | 0.10 | - | - | - | - |
| Debt / EBITDA | 0.87 | 0.76 | - | - | - | - |
| Interest coverage | 6.9x | 9.2x | 9.7x | 5.7x | 9.8x | 5.7x |
| Equity multiplier | 1.46 | 1.42 | 1.46 | 1.46 | 1.47 | 1.49 |
| Liabilities / Assets | 0.32 | 0.29 | 0.32 | 0.32 | 0.32 | 0.33 |
| Efficiency | ||||||
| Asset turnover | 0.42 | 0.45 | 0.42 | 0.42 | 0.37 | 0.41 |
| Inventory turnover | 3.79 | 3.64 | 4.67 | 4.44 | 4.21 | 3.63 |
| Days sales outstanding | 16d | 17d | 15d | 11d | 9d | 14d |
| Days inventory outstanding | 96d | 100d | 78d | 82d | 87d | 101d |
| Days payable outstanding | 15d | 17d | 17d | 13d | 13d | 30d |
| Cash conversion cycle | 97d | 100d | 76d | 80d | 83d | 85d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 3.4% | 7.8% | 3.7% | 13.9% | 60.5% | - |
| Revenue CAGR (3y) | 4.9% | 8.4% | 23.7% | - | - | - |
| Revenue CAGR (5y) | 16.1% | - | - | - | - | - |
| Gross profit growth (YoY) | -4.4% | 14.2% | 4.5% | 2.4% | 61.7% | - |
| Operating income growth (YoY) | -38.6% | 21.6% | 52.5% | -43.6% | 102.5% | - |
| Net income growth (YoY) | 56.2% | 101.5% | 202.8% | -84.1% | 403.1% | - |
| EPS growth (YoY) | 60.0% | 100.0% | 200.0% | -84.8% | 371.4% | - |
| EPS CAGR (3y) | 112.5% | -3.1% | 28.9% | - | - | - |
| EPS CAGR (5y) | 47.0% | - | - | - | - | - |
| FCF growth (YoY) | 86.0% | 2231.1% | - | 62.5% | - | - |
| FCF CAGR (5y) | 42.7% | - | - | - | - | - |
| Book value growth (YoY) | 6.5% | 5.1% | 2.3% | 2.7% | 78.0% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$1.18B totalRetail Segment$829.54M · 70.6%
Consumer Packaged Goods Segment$677.35M · 57.6%
Intersegment Eliminations And Corporate($331.59M) · -28.2%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
7/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Agricultural Production-Crops
Comparing Green Thumb Industries Inc. against the 5 most active filers in the same SIC group.