Green Thumb Industries (XCNQ:GTII) Net Margin % : 1.16% (As of Dec. 2023)

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What is Green Thumb Industries Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Green Thumb Industries's Net Income for the three months ended in Dec. 2023 was C$4 Mil. Green Thumb Industries's Revenue for the three months ended in Dec. 2023 was C$373 Mil. Therefore, Green Thumb Industries's net margin for the quarter that ended in Dec. 2023 was 1.16%.

The historical rank and industry rank for Green Thumb Industries's Net Margin % or its related term are showing as below:

XCNQ:GTII' s Net Margin % Range Over the Past 10 Years
Min: -27.31 Med: 2.69 Max: 8.44
Current: 3.44

XCNQ:GTII's Net Margin % is ranked worse than
50.2% of 1020 companies
in the Drug Manufacturers industry
Industry Median: 3.5 vs XCNQ:GTII: 3.44

Green Thumb Industries Net Margin % Historical Data

The historical data trend for Green Thumb Industries's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Green Thumb Industries Net Margin % Chart

Green Thumb Industries Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Margin %

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-27.31

2.69

8.44

1.18

3.44

Green Thumb Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Net Margin %	Get a 7-Day Free Trial															-19.76	3.68	5.31	3.82	1.16

Competitive Comparison of Green Thumb Industries's Net Margin %

For the Drug Manufacturers - Specialty & Generic subindustry, Green Thumb Industries's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Green Thumb Industries's Net Margin % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Green Thumb Industries's Net Margin % distribution charts can be found below:

* The bar in red indicates where Green Thumb Industries's Net Margin % falls into.

Green Thumb Industries Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Green Thumb Industries's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	48.656	/	1414.788
	=	3.44 %

Green Thumb Industries's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	4.315	/	373.275
	=	1.16 %

Green Thumb Industries (XCNQ:GTII) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

Green Thumb Industries Net Margin % Related Terms

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Green Thumb Industries (XCNQ:GTII) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Green Thumb Industries Inc (XCNQ:GTII) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

GTBIF:USA R9U2:Germany

Address

325 West Huron Street, Suite 700, Chicago, IL, USA, 60654

Website

https://www.gtigrows.com

Green Thumb Industries is headquartered in Chicago, Illinois, and produces and sells medicinal and recreational cannabis through wholesale and retail channels in the United States. It has a presence in 15 states and operates roughly 87 cannabis stores under the brand Rise. GTI is focusing its expansion on limited license states with large populations, and it does not currently export into the global medical market due to U.S. federal prohibition. It offers multiple products under a portfolio of cannabis consumer packaged goods brands, including &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles and RYTHM.