Green Thumb Industries (XCNQ:GTII) Pretax Margin % : 10.14% (As of Dec. 2023)

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What is Green Thumb Industries Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Green Thumb Industries's Pre-Tax Income for the three months ended in Dec. 2023 was C$38 Mil. Green Thumb Industries's Revenue for the three months ended in Dec. 2023 was C$373 Mil. Therefore, Green Thumb Industries's pretax margin for the quarter that ended in Dec. 2023 was 10.14%.

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

XCNQ:GTII' s Pretax Margin % Range Over the Past 10 Years
Min: -23.2 Med: 14.8 Max: 22.94
Current: 14.81

XCNQ:GTII's Pretax Margin % is ranked better than
74.46% of 1022 companies
in the Drug Manufacturers industry
Industry Median: 4.535 vs XCNQ:GTII: 14.81

Green Thumb Industries Pretax Margin % Historical Data

The historical data trend for Green Thumb Industries's Pretax 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.

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Green Thumb Industries Pretax Margin % Chart

Green Thumb Industries Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Dec19

Dec20

Dec21

Dec22

Dec23

Pretax Margin %

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-23.20

18.49

22.94

10.66

14.80

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
Pretax Margin %	Get a 7-Day Free Trial															-22.59	17.32	15.63	16.46	10.14

Competitive Comparison of Green Thumb Industries's Pretax Margin %

For the Drug Manufacturers - Specialty & Generic subindustry, Green Thumb Industries's Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % Distribution in the Drug Manufacturers Industry

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

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

Green Thumb Industries Pretax Margin % Calculation

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

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

Pretax Margin	=	Pre-Tax Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	209.355	/	1414.788
	=	14.80 %

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

Pretax Margin	=	Pre-Tax Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	37.86	/	373.275
	=	10.14 %

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

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.

Green Thumb Industries Pretax 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 » Pretax 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.