Trulieve Cannabis (TCNNF) Net Margin (2020 - 2026)
Trulieve Cannabis (TCNNF) recorded quarterly Net Margin of 0.84% in Q1 2026, up 105.73% quarter-over-quarter from 14.63% in Q4 2025, and up 1188.0% on a YoY basis from 0.07% in Q1 2025.
Trulieve Cannabis (TCNNF) Net Margin (2020 - 2026) Analysis & Trends
Trulieve Cannabis' Net Margin history runs 7 years deep, the most recent figure standing at 0.84% for Q1 2026.
- In Q1 2026, Net Margin rose 1188.0% year-over-year to 0.84%; the TTM figure through Mar 2026 stood at 6.93% (up 697.0% YoY), while the FY2025 annual figure was 9.85%, up 322.0% from the prior year.
- Net Margin was 0.84% for Q1 2026 at Trulieve Cannabis, up from 14.63% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 0.84% in Q1 2026 to a low of 143.31% in Q2 2023.
- Historically, Net Margin has averaged 21.17% across 5 years, with a median of 11.04% in 2025.
- The sharpest annual moves came in 2023 and 2024: Net Margin plunged 13615 bps in 2023, then surged 13935 bps in 2024.
- A 5-year view of Net Margin shows it stood at 25.81% in 2022, then jumped by 55 bps to 11.65% in 2023, then tumbled by 70 bps to 19.85% in 2024, then increased by 26 bps to 14.63% in 2025, then soared by 106 bps to 0.84% in 2026.
- The last three Net Margin figures came in at 0.84% (Q1 2026), 14.63% (Q4 2025), and 9.31% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Teva Pharmaceutical Industries | 39.72 Bn | 35.98 Bn | 1.97 Bn | 9.19% |
| 2 | Zoetis | 34.61 Bn | 32.67 Bn | 1.62 Bn | 26.57% |
| 3 | United Therapeutics | 24.07 Bn | 21.91 Bn | 648.10 Mn | 35.18% |
| 4 | Aurora Cannabis | 16.98 Bn | 16.91 Bn | 33.43 Mn | 2.94% |
| 5 | Neurocrine Biosciences | 16.64 Bn | 15.32 Bn | 800.70 Mn | 24.30% |
| 6 | Elanco Animal Health | 12.19 Bn | 11.76 Bn | 785.00 Mn | 4.16% |
| 7 | Alkermes | 7.37 Bn | 6.86 Bn | -116.06 Mn | -168.42% |
| 8 | Hims & Hers Health | 6.62 Bn | 5.87 Bn | 396.79 Mn | -15.15% |
| 9 | Lantheus Holdings | 6.47 Bn | 5.97 Bn | 230.92 Mn | 31.38% |
| 10 | Trulieve Cannabis | - | - | 170.08 Mn | 0.84% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.84% |
| Dec 31, 2025 | -14.63% |
| Sep 30, 2025 | -9.31% |
| Jun 30, 2025 | -4.56% |
| Mar 31, 2025 | -11.04% |
| Dec 31, 2024 | -19.85% |
| Sep 30, 2024 | -21.18% |
| Jun 30, 2024 | -3.96% |
| Mar 31, 2024 | -7.75% |
| Dec 31, 2023 | -11.65% |
| Sep 30, 2023 | -9.23% |
| Jun 30, 2023 | -143.31% |
| Mar 31, 2023 | -22.48% |
| Dec 31, 2022 | -25.81% |
| Sep 30, 2022 | -38.79% |
| Jun 30, 2022 | -7.17% |
| Mar 31, 2022 | -10.06% |
| Dec 31, 2021 | -23.94% |
| Sep 30, 2021 | 8.31% |
| Jun 30, 2021 | 19.00% |