Green Thumb Industries Inc
Green Thumb Industries Inc. manufactures, distributes, markets, and sells of cannabis products for medical and adult-use in the United States. It operates through two segments, Retail and Consumer Packaged Goods. The company offers cannabis flower; processed and packaged products, including pre-rolls, concentrates, vapes, tinctures, edibles, topicals, capsules, tinctures, and other cannabis-relat… Read more
Green Thumb Industries Inc (GTBIF) - Net Assets
Latest net assets as of September 2025: $1.83 Billion USD
Based on the latest financial reports, Green Thumb Industries Inc (GTBIF) has net assets worth $1.83 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.64 Billion) and total liabilities ($804.27 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.83 Billion |
| % of Total Assets | 69.53% |
| Annual Growth Rate | N/A |
| 5-Year Change | 95.71% |
| 10-Year Change | N/A |
| Growth Volatility | 562119.66 |
Green Thumb Industries Inc - Net Assets Trend (2016–2024)
This chart illustrates how Green Thumb Industries Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Green Thumb Industries Inc (2016–2024)
The table below shows the annual net assets of Green Thumb Industries Inc from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.79 Billion | +5.04% |
| 2023-12-31 | $1.70 Billion | +2.27% |
| 2022-12-31 | $1.67 Billion | +2.84% |
| 2021-12-31 | $1.62 Billion | +77.15% |
| 2020-12-31 | $914.16 Million | +8.41% |
| 2019-12-31 | $843.21 Million | +141.69% |
| 2018-12-31 | $348.88 Million | +1606430.28% |
| 2017-12-31 | $21.72K | +106.27% |
| 2016-12-31 | $-346.62K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Green Thumb Industries Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 12771138349.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $51.27 Million | 2.87% |
| Other Components | $1.74 Billion | 97.13% |
| Total Equity | $1.79 Billion | 100.00% |
Green Thumb Industries Inc Competitors by Market Cap
The table below lists competitors of Green Thumb Industries Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Luoniushan Co Ltd
SHE:000735
|
$939.65 Million |
|
Jiangsu Baichuan HighTech New Materials Co Ltd
SHE:002455
|
$940.60 Million |
|
China Resources Pharmaceutical Group Limited
F:640
|
$940.63 Million |
|
Granules India Limited
NSE:GRANULES
|
$940.74 Million |
|
Xinyu Iron & Steel Co Ltd
SHG:600782
|
$939.51 Million |
|
Chongqing Department Store Co Ltd
SHG:600729
|
$939.47 Million |
|
Himadri Speciality Chemical Limited
NSE:HSCL
|
$939.39 Million |
|
Crayon Group Holding ASA
PINK:CRAYF
|
$939.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Green Thumb Industries Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,702,878,000 to 1,789,277,000, a change of 86,399,000 (5.1%).
- Net income of 73,083,000 contributed positively to equity growth.
- Share repurchases of 43,078,000 reduced equity.
- Other factors increased equity by 56,394,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $73.08 Million | +4.08% |
| Share Repurchases | $43.08 Million | -2.41% |
| Other Changes | $56.39 Million | +3.15% |
| Total Change | $- | 5.07% |
Book Value vs Market Value Analysis
This analysis compares Green Thumb Industries Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.66x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $-4.15 | $5.02 | x |
| 2017-12-31 | $0.26 | $5.02 | x |
| 2018-12-31 | $2.24 | $5.02 | x |
| 2019-12-31 | $4.07 | $5.02 | x |
| 2020-12-31 | $4.27 | $5.02 | x |
| 2021-12-31 | $6.92 | $5.02 | x |
| 2022-12-31 | $7.05 | $5.02 | x |
| 2023-12-31 | $7.23 | $5.02 | x |
| 2024-12-31 | $7.57 | $5.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Green Thumb Industries Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.08%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.43%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 1.42x
- Recent ROE (4.08%) is below the historical average (168.33%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | $-121.46K |
| 2017 | 1511.01% | 1.99% | 27.23x | 27.95x | $325.96K |
| 2018 | -2.28% | -12.58% | 0.15x | 1.21x | $-42.40 Million |
| 2019 | -7.03% | -27.31% | 0.19x | 1.39x | $-143.19 Million |
| 2020 | 1.65% | 2.69% | 0.41x | 1.49x | $-76.07 Million |
| 2021 | 4.65% | 8.44% | 0.37x | 1.47x | $-86.68 Million |
| 2022 | 0.72% | 1.18% | 0.42x | 1.46x | $-154.51 Million |
| 2023 | 2.13% | 3.44% | 0.42x | 1.46x | $-134.02 Million |
| 2024 | 4.08% | 6.43% | 0.45x | 1.42x | $-105.84 Million |
Industry Comparison
This section compares Green Thumb Industries Inc's net assets metrics with peer companies in the Drug Manufacturers - Specialty & Generic industry.
Industry Context
- Industry: Drug Manufacturers - Specialty & Generic
- Average net assets among peers: $548,450,613
- Average return on equity (ROE) among peers: -450.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Green Thumb Industries Inc (GTBIF) | $1.83 Billion | 0.00% | 0.44x | $939.64 Million |
| Ascend Wellness Holdings Inc (AAWH) | $142.87 Million | -33.75% | 5.44x | $48.90 Million |
| AB Science S.A (ABSCF) | $10.73 Million | -252.65% | 3.71x | $39.89 Million |
| Alterola Biotech Inc (ABTI) | $4.85K | -2005.32% | 0.49x | $603.58K |
| Aurora Cannabis Inc (ACB) | $2.04 Billion | -34.08% | 0.34x | $199.15 Million |
| Acreage Holdings Inc (ACRDF) | $204.27 Million | -30.85% | 1.41x | $13.48K |
| Acura Pharmaceuticals Inc (ACUR) | $7.90 Million | -63.15% | 1.15x | $13.20K |
| Agra Ventures Ltd. (AGFAF) | $1.51 Million | -44.22% | 0.06x | $298.23K |
| Allergy Therapeutics plc (AGYTF) | $2.07 Million | -2084.75% | 31.32x | $25.30 Million |
| Aida Pharmaceuticals Inc (AIDA) | $6.67 Million | 24.51% | 2.78x | $1.80 |
| Adcock Ingram Holdings Limited (AIHLF) | $3.07 Billion | 20.55% | 0.55x | $85.61 Million |