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Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Trulieve Cannabis (TCNNF) Gross Margin (2020 - 2026)

Trulieve Cannabis has reported Gross Margin over the past 6 years, most recently at 59.75% for 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 for Q4 2025 was 59.75% at Trulieve Cannabis, up from 58.94% in the prior quarter.
  • Over five years, Gross Margin peaked at 69.79% in Q1 2021 and troughed at 44.46% in Q4 2021.
  • A 5-year average of 58.28% and a median of 58.68% in 2022 define the central range for Gross Margin.
  • Biggest five-year swings in Gross Margin: crashed -2671bps in 2021 and later soared 960bps in 2024.
  • Year by year, Gross Margin stood at 44.46% in 2021, then rose by 18bps to 52.64% in 2022, then increased by 2bps to 53.61% in 2023, then grew by 16bps to 62.1% in 2024, then decreased by -4bps to 59.75% in 2025.
  • Business Quant data shows Gross Margin for TCNNF at 59.75% in Q4 2025, 58.94% in Q3 2025, and 60.55% in Q2 2025.