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Side-by-side financial comparison of GLACIER BANCORP, INC. (GBCI) and Tilray Brands, Inc. (TLRY). Click either name above to swap in a different company.

GLACIER BANCORP, INC. is the larger business by last-quarter revenue ($306.8M vs $217.5M, roughly 1.4× Tilray Brands, Inc.). GLACIER BANCORP, INC. runs the higher net margin — 26.8% vs -20.7%, a 47.4% gap on every dollar of revenue. Over the past eight quarters, GLACIER BANCORP, INC.'s revenue compounded faster (24.3% CAGR vs 7.5%).

Glacier Bancorp, Inc. is a regional multi-bank holding company headquartered in Kalispell, Montana, United States. It is a successor corporation to the Delaware corporation originally incorporated in 1990. The company provides personal and commercial banking services from 221 locations in Montana, Idaho, Utah, Washington, Wyoming, Colorado, Arizona, and, Nevada.

Tilray Brands, Inc. is an American pharmaceutical, cannabis-lifestyle and consumer packaged goods company, incorporated in the United States, headquartered in New York City. Tilray also has operations in Canada, Australia, New Zealand, and Latin America, with growing facilities in Germany and Portugal.

GBCI vs TLRY — Head-to-Head

Bigger by revenue
GBCI
GBCI
1.4× larger
GBCI
$306.8M
$217.5M
TLRY
Higher net margin
GBCI
GBCI
47.4% more per $
GBCI
26.8%
-20.7%
TLRY
Faster 2-yr revenue CAGR
GBCI
GBCI
Annualised
GBCI
24.3%
7.5%
TLRY

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
GBCI
GBCI
TLRY
TLRY
Revenue
$306.8M
$217.5M
Net Profit
$82.1M
$-44.9M
Gross Margin
26.4%
Operating Margin
-10.2%
Net Margin
26.8%
-20.7%
Revenue YoY
3.1%
Net Profit YoY
47.4%
EPS (diluted)
$0.63
$-0.41

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
GBCI
GBCI
TLRY
TLRY
Q1 26
$306.8M
Q4 25
$306.5M
$217.5M
Q3 25
$260.7M
$209.5M
Q2 25
$240.6M
$224.5M
Q1 25
$222.6M
$185.8M
Q4 24
$223.0M
$210.9M
Q3 24
$214.9M
$200.0M
Q2 24
$198.7M
$229.9M
Net Profit
GBCI
GBCI
TLRY
TLRY
Q1 26
$82.1M
Q4 25
$63.8M
$-44.9M
Q3 25
$67.9M
$-322.0K
Q2 25
$52.8M
$-1.3B
Q1 25
$54.6M
$-789.4M
Q4 24
$61.8M
$-85.3M
Q3 24
$51.1M
$-39.2M
Q2 24
$44.7M
$-31.7M
Gross Margin
GBCI
GBCI
TLRY
TLRY
Q1 26
Q4 25
26.4%
Q3 25
27.4%
Q2 25
30.1%
Q1 25
28.0%
Q4 24
29.0%
Q3 24
29.8%
Q2 24
35.8%
Operating Margin
GBCI
GBCI
TLRY
TLRY
Q1 26
Q4 25
24.9%
-10.2%
Q3 25
32.7%
1.0%
Q2 25
27.1%
-643.1%
Q1 25
28.5%
-409.0%
Q4 24
33.0%
-20.0%
Q3 24
28.9%
-18.3%
Q2 24
27.3%
-7.2%
Net Margin
GBCI
GBCI
TLRY
TLRY
Q1 26
26.8%
Q4 25
20.8%
-20.7%
Q3 25
26.0%
-0.2%
Q2 25
21.9%
-566.9%
Q1 25
24.5%
-424.9%
Q4 24
27.7%
-40.5%
Q3 24
23.8%
-19.6%
Q2 24
22.5%
-13.8%
EPS (diluted)
GBCI
GBCI
TLRY
TLRY
Q1 26
$0.63
Q4 25
$0.49
$-0.41
Q3 25
$0.57
$0.00
Q2 25
$0.45
$7.26
Q1 25
$0.48
$-8.69
Q4 24
$0.55
$-0.99
Q3 24
$0.45
$-0.04
Q2 24
$0.39
$-0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GBCI
GBCI
TLRY
TLRY
Cash + ST InvestmentsLiquidity on hand
$1.4B
$291.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.2B
$1.6B
Total Assets
$31.7B
$2.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GBCI
GBCI
TLRY
TLRY
Q1 26
$1.4B
Q4 25
$291.6M
Q3 25
$264.8M
Q2 25
$256.4M
Q1 25
Q4 24
$252.2M
Q3 24
$280.1M
Q2 24
$260.5M
Stockholders' Equity
GBCI
GBCI
TLRY
TLRY
Q1 26
$4.2B
Q4 25
$4.2B
$1.6B
Q3 25
$3.6B
$1.5B
Q2 25
$3.5B
$1.5B
Q1 25
$3.3B
$2.7B
Q4 24
$3.2B
$3.5B
Q3 24
$3.2B
$3.5B
Q2 24
$3.1B
$3.4B
Total Assets
GBCI
GBCI
TLRY
TLRY
Q1 26
$31.7B
Q4 25
$32.0B
$2.1B
Q3 25
$29.0B
$2.1B
Q2 25
$29.0B
$2.1B
Q1 25
$27.9B
Q4 24
$27.9B
$4.2B
Q3 24
$28.2B
$4.3B
Q2 24
$27.8B
$4.2B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GBCI
GBCI
TLRY
TLRY
Operating Cash FlowLast quarter
$-8.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GBCI
GBCI
TLRY
TLRY
Q1 26
Q4 25
$374.4M
$-8.5M
Q3 25
$112.4M
$-1.3M
Q2 25
$86.0M
$-12.8M
Q1 25
$52.4M
$-5.8M
Q4 24
$258.0M
$-40.7M
Q3 24
$150.1M
$-35.3M
Q2 24
$62.7M
$30.7M
Free Cash Flow
GBCI
GBCI
TLRY
TLRY
Q1 26
Q4 25
$347.6M
Q3 25
$104.8M
Q2 25
$79.5M
$-19.1M
Q1 25
$46.8M
$-20.2M
Q4 24
$209.8M
$-46.2M
Q3 24
$137.7M
$-42.0M
Q2 24
$44.1M
$21.0M
FCF Margin
GBCI
GBCI
TLRY
TLRY
Q1 26
Q4 25
113.4%
Q3 25
40.2%
Q2 25
33.1%
-8.5%
Q1 25
21.0%
-10.9%
Q4 24
94.1%
-21.9%
Q3 24
64.1%
-21.0%
Q2 24
22.2%
9.1%
Capex Intensity
GBCI
GBCI
TLRY
TLRY
Q1 26
Q4 25
8.8%
Q3 25
2.9%
Q2 25
2.7%
2.8%
Q1 25
2.5%
7.8%
Q4 24
21.6%
2.6%
Q3 24
5.8%
3.4%
Q2 24
9.3%
4.2%
Cash Conversion
GBCI
GBCI
TLRY
TLRY
Q1 26
Q4 25
5.87×
Q3 25
1.66×
Q2 25
1.63×
Q1 25
0.96×
Q4 24
4.18×
Q3 24
2.94×
Q2 24
1.40×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GBCI
GBCI

Net Interest Income$268.7M88%
Noninterest Income$38.1M12%

TLRY
TLRY

Adultuse Cannabis Products$62.4M29%
Other$59.2M27%
Beverage Alcohol Business$53.6M25%
International Cannabis Products$20.2M9%
Wellness Business$14.6M7%
Medical Cannabis Products$6.2M3%
Wholesale Cannabis Products$1.3M1%

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