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Green Thumb Industries Valuation Multiples

Discover revenue and EBITDA valuation multiples for Green Thumb Industries and similar public comparables like Cresco Labs, Grown Rogue, and Ascend Wellness Holdings.

Green Thumb Industries Overview

About Green Thumb Industries

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 14 states and operates 97 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 US 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.


Founded

2002

HQ

Canada
Employees

4.8K+

Website

gtigrows.com

Financials

LTM Revenue $1.7B

LTM EBITDA $531M

EV

$1.8B

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Green Thumb Industries Financials

Green Thumb Industries has a last 12-month revenue of $1.7B and a last 12-month EBITDA of $531M.

In the most recent fiscal year, Green Thumb Industries achieved revenue of $786M and an EBITDA of $271M.

Green Thumb Industries expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Green Thumb Industries P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $729M $786M XXX XXX XXX
Gross Profit $348M $364M XXX XXX XXX
Gross Margin 48% 46% XXX XXX XXX
EBITDA $224M $271M XXX XXX XXX
EBITDA Margin 31% 34% XXX XXX XXX
Net Profit $8.3M $25.1M XXX XXX XXX
Net Margin 1% 3% XXX XXX XXX
Net Debt $67.7M $102M XXX XXX XXX

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Green Thumb Industries Stock Performance

As of March 14, 2025, Green Thumb Industries's stock price is CAD 9 (or $6).

Green Thumb Industries has current market cap of CAD 2.1B (or $1.5B), and EV of CAD 2.6B (or $1.8B).

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Green Thumb Industries Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$1.8B $1.5B XXX XXX XXX XXX $0.28

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Green Thumb Industries Valuation Multiples

As of March 14, 2025, Green Thumb Industries has market cap of $1.5B and EV of $1.8B.

Green Thumb Industries's trades at 1.6x LTM EV/Revenue multiple, and 5.0x LTM EBITDA.

Analysts estimate Green Thumb Industries's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Green Thumb Industries Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $1.8B XXX XXX XXX
EV/Revenue 2.3x XXX XXX XXX
EV/EBITDA 6.7x XXX XXX XXX
P/E 29.0x XXX XXX XXX
P/E/Growth 2.5x XXX XXX XXX
EV/FCF 22.9x XXX XXX XXX

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Green Thumb Industries Valuation Multiples

Green Thumb Industries's NTM/LTM revenue growth is 4%

Green Thumb Industries's revenue per employee for the last fiscal year averaged $0.2M, while opex per employee averaged $0.1M for the same period.

Over next 12 months, Green Thumb Industries's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate Green Thumb Industries's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Green Thumb Industries Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth 8% XXX XXX XXX XXX
EBITDA Margin 34% XXX XXX XXX XXX
EBITDA Growth 21% XXX XXX XXX XXX
Rule of 40 (SaaS-only) 39% XXX XXX XXX XXX
Revenue per Employee $0.2M XXX XXX XXX XXX
Opex per Employee $0.1M XXX XXX XXX XXX
S&M Expenses to Revenue n/a XXX XXX XXX XXX
G&A Expenses to Revenue n/a XXX XXX XXX XXX
R&D Expenses to Revenue n/a XXX XXX XXX XXX
Opex to Revenue 33% XXX XXX XXX XXX

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Green Thumb Industries Public Comps

See public comps and valuation multiples for Cannabis comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Live Verdure XXX XXX XXX XXX XXX XXX
Ascend Wellness Holdings XXX XXX XXX XXX XXX XXX
Ayr Wellness XXX XXX XXX XXX XXX XXX
Cresco Labs XXX XXX XXX XXX XXX XXX
Grown Rogue XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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Green Thumb Industries M&A and Investment Activity

Green Thumb Industries acquired  XXX companies to date.

Last acquisition by Green Thumb Industries was  XXXXXXXX, XXXXX XXXXX XXXXXX . Green Thumb Industries acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Green Thumb Industries

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Green Thumb Industries

When was Green Thumb Industries founded? Green Thumb Industries was founded in 2002.
Where is Green Thumb Industries headquartered? Green Thumb Industries is headquartered in Canada.
How many employees does Green Thumb Industries have? As of today, Green Thumb Industries has 4.8K+ employees.
Is Green Thumb Industries publicy listed? Yes, Green Thumb Industries is a public company listed on CNQ.
What is the stock symbol of Green Thumb Industries? Green Thumb Industries trades under GTII ticker.
When did Green Thumb Industries go public? Green Thumb Industries went public in 1987.
Who are competitors of Green Thumb Industries? Similar companies to Green Thumb Industries include e.g. Live Verdure, Ascend Wellness Holdings, Ayr Wellness, Cresco Labs.
What is the current market cap of Green Thumb Industries? Green Thumb Industries's current market cap is $1.5B
What is the current revenue of Green Thumb Industries? Green Thumb Industries's last 12-month revenue is $1.7B.
What is the current EBITDA of Green Thumb Industries? Green Thumb Industries's last 12-month EBITDA is $531M.
What is the current EV/Revenue multiple of Green Thumb Industries? Current revenue multiple of Green Thumb Industries is 1.6x.
What is the current EV/EBITDA multiple of Green Thumb Industries? Current EBITDA multiple of Green Thumb Industries is 5.0x.
What is the current revenue growth of Green Thumb Industries? Green Thumb Industries revenue growth between 2023 and 2024 was 8%.
Is Green Thumb Industries profitable? Yes, Green Thumb Industries is EBITDA-positive (as of the last 12 months).

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