Green Thumb Industries

CIN rates Green Thumb Industries Neutral with a 56 composite score and low conviction at 2/5. Fundamentals provide the principal support at 77, driven by strong operating-margin, gross-margin, market-capitalization and cash-runway subscores. The regulatory pillar contributes a middling 58: a favorable jurisdiction posture and no enforcement hits are offset by weak filing cadence. Market support remains limited at 40 because no quote was available through institutional pricing feeds. Editorial contribution is lowest at 30, reflecting no newsroom or brief activity in CIN newsroom coverage. The resulting profile supports neither an Overweight stance nor an Underweight call, leaving valuation confirmation and improved information flow as prerequisites for a more directional rating.

Licensed fundamentals data show year-over-year revenue growth of 7.4%, a solid but less powerful component than profitability. Gross margin stands at approximately 48.1%, while operating margin reaches about 13.6%; corresponding subscores of 80.2 and 87.4 anchor the fundamentals assessment. EBITDA of roughly $284.4 million and net income near $121.3 million reinforce the stable financial condition, while the positive-EBITDA cash-runway classification earns the pillar’s highest subscore at 90. Market capitalization of approximately $1.56 billion also supports the 87.7 size-tier subscore. Primary regulatory filings show the latest filing dated June 18, 2026, with four events during the prior 180 days but none during the latest 90 days. That lapse explains the 25 cadence subscore despite stronger jurisdiction and enforcement readings of 80 each.

The clearest forward catalyst is confirmation that the fundamentals pillar can retain its margin strength while improving the pace of growth. Another primary regulatory filing that preserves the current gross and operating margin profile, alongside revenue expansion above the present 7.4% rate, would reinforce earnings quality and create scope for the composite to move beyond Neutral. Better filing cadence would also improve visibility, but the rating remains anchored most directly to operating performance because fundamentals exceed every other pillar by at least 19 points. The single most important signal to watch is whether the next reported period delivers faster year-over-year revenue growth without sacrificing the 13.6% operating margin.