Growth Metrics

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

Trulieve Cannabis (TCNNF) has 6 years of Gross Margin data on record, last reported at 59.75% in Q4 2025.

  • For Q4 2025, Gross Margin fell 235.0% year-over-year to 59.75%; the TTM value through Dec 2025 reached 60.21%, down 12.0%, while the annual FY2025 figure was 60.21%, 12.0% down from the prior year.
  • Gross Margin reached 59.75% in Q4 2025 per TCNNF's latest filing, up from 58.94% in the prior quarter.
  • Across five years, Gross Margin topped out at 69.79% in Q1 2021 and bottomed at 44.46% in Q4 2021.
  • Average Gross Margin over 5 years is 58.34%, with a median of 58.68% recorded in 2022.
  • Peak YoY movement for Gross Margin: crashed -2671bps in 2021, then soared 960bps in 2024.
  • A 5-year view of Gross Margin shows it stood at 44.46% in 2021, then grew by 18bps to 52.64% in 2022, then rose by 2bps to 53.61% in 2023, then increased by 16bps to 62.1% in 2024, then fell by -4bps to 59.75% in 2025.
  • Per Business Quant database, its latest 3 readings for Gross Margin were 59.75% in Q4 2025, 58.94% in Q3 2025, and 60.55% in Q2 2025.