Growth Metrics

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

Trulieve Cannabis has reported Net Margin over the past 6 years, most recently at 14.63% for Q4 2025.

  • Quarterly results put Net Margin at 14.63% for Q4 2025, up 522.0% from a year ago — trailing twelve months through Dec 2025 was 9.85% (up 322.0% YoY), and the annual figure for FY2025 was 9.85%, up 322.0%.
  • Net Margin for Q4 2025 was 14.63% at Trulieve Cannabis, down from 9.31% in the prior quarter.
  • Over the last five years, Net Margin for TCNNF hit a ceiling of 19.0% in Q2 2021 and a floor of 143.31% in Q2 2023.
  • Median Net Margin over the past 5 years was 10.55% (2022), compared with a mean of 17.1%.
  • Biggest five-year swings in Net Margin: tumbled -13615bps in 2023 and later skyrocketed 13935bps in 2024.
  • Trulieve Cannabis' Net Margin stood at 23.94% in 2021, then fell by -8bps to 25.81% in 2022, then surged by 55bps to 11.65% in 2023, then crashed by -70bps to 19.85% in 2024, then rose by 26bps to 14.63% in 2025.
  • The last three reported values for Net Margin were 14.63% (Q4 2025), 9.31% (Q3 2025), and 4.56% (Q2 2025) per Business Quant data.