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Green Thumb Industries vs TerrAscend: GTBIF and TSNDF compared
Green Thumb Industries is the larger company: $324M of revenue in its latest quarter (Q3 2026) against $68.2M for TerrAscend (Q3 2026). Green Thumb Industries is growing faster (+11% against +5% a year earlier). TerrAscend is more profitable, with an operating margin of 15.1% against 7.7%.
Where the money goes: GTBIF and TSNDF
Green Thumb Industries (GTBIF) · Q3 2026
Green Thumb Industries, Q3 2026: revenue $324M (+11% year over year), operating margin 7.7%, net loss $6.7M, operating cash flow $58.3M. The chart follows the revenue to costs, profit and cash.
TerrAscend (TSNDF) · Q3 2026
TerrAscend, Q3 2026: revenue $68.2M (+5% year over year), operating margin 15.1%, net loss $4.3M, operating cash flow $8.8M. The chart follows the revenue to costs, profit and cash.
| Green Thumb Industries (GTBIF) | TerrAscend (TSNDF) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $324M | $68.2M |
| Revenue growth, Y/Y | +11% | +5% |
| Operating margin | 7.7% | 15.1% |
| Net earnings | −$6.7M | −$4.3M |
| Net margin | -2.1% | -6.4% |
| Operating cash flow | $58.3M | $8.8M |
| Free cash flow | $38.0M | $6.1M |
Where the revenue comes from
TerrAscend
- New Jersey Segment: $25.3M (37%)
- Maryland Segment: $18.7M (27%)
- Pennsylvania Segment: $18.6M (27%)
- All Other Segments: $5.5M (8%)
Questions
Which is bigger, Green Thumb Industries or TerrAscend?
Green Thumb Industries is the larger company: $324M of revenue in its latest quarter (Q3 2026) against $68.2M for TerrAscend (Q3 2026).
Is Green Thumb Industries or TerrAscend growing faster?
Green Thumb Industries is growing faster (+11% against +5% a year earlier).
Which is more profitable, Green Thumb Industries or TerrAscend?
TerrAscend is more profitable, with an operating margin of 15.1% against 7.7%.
More: Green Thumb Industries earnings · how Green Thumb Industries makes money · TerrAscend earnings · how TerrAscend makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.