Trulieve Cannabis Corp.

TRLV Healthcare Drug Manufacturers Specialty & Generic

Trulieve Cannabis Corp.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, roughly unchanged from fiscal 2024.

Revenue
−20.1%
EPS
−2,391.1%
Free cash flow
+24.5%
Total debt
−37.0%

Quarter to September 2026, against a year earlier

11.04 0.14 +1.28%
Market cap
$2.1B
P/E
0.0×
Fwd P/E
−5.6×
Dividend yield
—
F-score
6/9
Altman Z
0.98
Beneish M
−2.99
Dividend safety
n/a

Trulieve Cannabis Corp. (TRLV) Net margin

Alert me on Net margin

Trulieve Cannabis Corp.'s net margin over the twelve months to 30 September 2026 was −41.2%, down 31.4 percentage points from fiscal 2025 (−9.85%). Over the past ten years it has ranged from −46.7% (fiscal 2023) to 12.1% (fiscal 2020); the current reading is higher than 67% of that period. That is below the Drug Manufacturers Specialty & Generic industry median of −2.45% and below the Healthcare sector median of 0.00%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 −9.85% 3.22
FY2024 −13.1% 33.58
FY2023 −46.7% (26.45)
FY2022 −20.2% (22.13)
FY2021 1.93% (10.15)
FY2020 12.1% —

Quarterly newest first

Period Net margin Change (points)
Sep 2026 0.38% 150.21
Jun 2026 −149.8% (150.67)
Mar 2026 0.84% 15.47
Dec 2025 −14.6% (5.32)
19 more quarters

Against its own ten years

Low −46.7% High 12.1%
Ten-year median −11.5%
Current reading's percentile 30

Net margin against peers

Company Net margin
PBH Prestige Consumer Healthcare Inc. compare 13.3%
ANIP ANI Pharmaceuticals, Inc. compare 11.2%
RGC Regencell Bioscience Holdings Limited compare 0.00%
XERS Xeris Biopharma Holdings, Inc. compare −1.76%
HCM HUTCHMED (China) Limited Sponsored ADR compare −23.6%
BCRX BioCryst Pharmaceuticals, Inc. compare −37.4%
TRLV Trulieve Cannabis Corp. −41.2%
PRGO Perrigo Company plc compare −43.3%
ALVO Alvotech compare −101.1%
Drug Manufacturers Specialty & Generic industry median −2.45%
Healthcare sector median 0.00%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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