Growth Metrics

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

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

  • For Q4 2025, Operating Margin rose 478.0% year-over-year to 5.22%; the TTM value through Dec 2025 reached 12.15%, up 391.0%, while the annual FY2025 figure was 12.15%, 391.0% up from the prior year.
  • Operating Margin for Q4 2025 was 5.22% at Trulieve Cannabis, down from 14.66% in the prior quarter.
  • Over five years, Operating Margin peaked at 37.44% in Q1 2021 and troughed at 103.37% in Q2 2023.
  • A 5-year average of 5.8% and a median of 9.67% in 2022 define the central range for Operating Margin.
  • Biggest five-year swings in Operating Margin: crashed -11658bps in 2023 and later skyrocketed 11977bps in 2024.
  • Year by year, Operating Margin stood at 3.71% in 2021, then skyrocketed by 147bps to 1.74% in 2022, then soared by 483bps to 10.17% in 2023, then tumbled by -96bps to 0.43% in 2024, then skyrocketed by 1101bps to 5.22% in 2025.
  • Business Quant data shows Operating Margin for TCNNF at 5.22% in Q4 2025, 14.66% in Q3 2025, and 17.42% in Q2 2025.