Growth Metrics

Trulieve Cannabis (TCNNF) EBITDA Margin (2020 - 2025)

Trulieve Cannabis has reported EBITDA Margin over the past 6 years, most recently at 5.22% for Q4 2025.

  • Quarterly results put EBITDA Margin at 5.22% for Q4 2025, up 478.0% from a year ago — trailing twelve months through Dec 2025 was 12.15% (up 391.0% YoY), and the annual figure for FY2025 was 16.64%, up 652.0%.
  • EBITDA Margin for Q4 2025 was 5.22% at Trulieve Cannabis, down from 14.66% in the prior quarter.
  • Over the last five years, EBITDA Margin for TCNNF hit a ceiling of 40.33% in Q1 2021 and a floor of 103.37% in Q2 2023.
  • Median EBITDA Margin over the past 5 years was 13.63% (2022), compared with a mean of 6.8%.
  • Biggest five-year swings in EBITDA Margin: crashed -12299bps in 2023 and later soared 11977bps in 2024.
  • Trulieve Cannabis' EBITDA Margin stood at 4.07% in 2021, then tumbled by -66bps to 6.76% in 2022, then skyrocketed by 65bps to 2.38% in 2023, then surged by 118bps to 0.43% in 2024, then soared by 1101bps to 5.22% in 2025.
  • The last three reported values for EBITDA Margin were 5.22% (Q4 2025), 14.66% (Q3 2025), and 17.42% (Q2 2025) per Business Quant data.