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Green Thumb Industries vs Verano Holdings: GTBIF and VRNO compared
Green Thumb Industries is the larger company: $324M of revenue in its latest quarter (Q3 2026) against $212M for Verano Holdings (Q3 2026). Green Thumb Industries is growing faster (+11% against +5% a year earlier). Green Thumb Industries is more profitable, with an operating margin of 7.7% against 5.6%.
Where the money goes: GTBIF and VRNO
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.
Verano Holdings (VRNO) · Q3 2026
Verano Holdings, Q3 2026: revenue $212M (+5% year over year), operating margin 5.6%, net loss $4.1M, operating cash flow $48.7M. The chart follows the revenue to costs, profit and cash.
| Green Thumb Industries (GTBIF) | Verano Holdings (VRNO) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $324M | $212M |
| Revenue growth, Y/Y | +11% | +5% |
| Operating margin | 7.7% | 5.6% |
| Net earnings | −$6.7M | −$4.1M |
| Net margin | -2.1% | -1.9% |
| Operating cash flow | $58.3M | $48.7M |
| Free cash flow | $38.0M | $35.6M |
Questions
Which is bigger, Green Thumb Industries or Verano Holdings?
Green Thumb Industries is the larger company: $324M of revenue in its latest quarter (Q3 2026) against $212M for Verano Holdings (Q3 2026).
Is Green Thumb Industries or Verano Holdings growing faster?
Green Thumb Industries is growing faster (+11% against +5% a year earlier).
Which is more profitable, Green Thumb Industries or Verano Holdings?
Green Thumb Industries is more profitable, with an operating margin of 7.7% against 5.6%.
More: Green Thumb Industries earnings · how Green Thumb Industries makes money · Verano Holdings earnings · how Verano Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.