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

11.07 0.53 −4.57%
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) Operating margin

Alert me on Operating margin

Trulieve Cannabis Corp.'s operating margin over the twelve months to 30 September 2026 was 0.00%, down 12.2 percentage points from fiscal 2025 (12.2%). Over the past ten years it has ranged from −19.6% (fiscal 2023) to 41.9% (fiscal 2020); the current reading is higher than 67% of that period. That is in line with the Drug Manufacturers Specialty & Generic industry median of 0.00% and in line with the Healthcare sector median of 0.00%.

Operating margin, annual

Embed this chart

Annual newest first

Period Operating margin Change (points)
FY2025 12.2% 3.91
FY2024 8.24% 27.87
FY2023 −19.6% (23.75)
FY2022 4.12% (17.78)
FY2021 21.9% (19.96)
FY2020 41.9% —

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 0.00% 135.28
Jun 2026 −135.3% (147.64)
Mar 2026 12.4% 7.00
Dec 2025 5.36% (8.70)
19 more quarters

Against its own ten years

Low −19.6% High 41.9%
Ten-year median 10.2%
Current reading's percentile 67

Operating margin against peers

Company Operating margin
PBH Prestige Consumer Healthcare Inc. compare 25.0%
ANIP ANI Pharmaceuticals, Inc. compare 16.0%
XERS Xeris Biopharma Holdings, Inc. compare 12.7%
TRLV Trulieve Cannabis Corp. 0.00%
HCM HUTCHMED (China) Limited Sponsored ADR compare 0.00%
BCRX BioCryst Pharmaceuticals, Inc. compare −30.1%
PRGO Perrigo Company plc compare −39.4%
ALVO Alvotech compare −42.4%
RGC Regencell Bioscience Holdings Limited compare —
Drug Manufacturers Specialty & Generic industry median 0.00%
Healthcare sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

More on TRLV