Trulieve Cannabis (TRLV) EBITDA Margin (2020 - 2026)
Trulieve Cannabis (TRLV) recorded EBITDA Margin of -127.26% in Q2 2026, down 154.42 percentage points from 27.16% a year earlier and down 150.09 percentage points from the prior quarter.
Powered by 
Analysis
Trulieve Cannabis (TRLV) EBITDA Margin (2020 - 2026) Analysis & Trends
On a TTM basis, Trulieve Cannabis' EBITDA Margin came in at -14.30% as of Jun 30, 2026, down 31.48 percentage points year-over-year; for FY2025, it came in at 22.11%, up 4.36 percentage points from FY2024.
- Annual EBITDA Margin has a five-year change of -22.17 percentage points (FY2020 to FY2025).
- Across earlier years, EBITDA Margin came in at 17.75% in FY2024 (+27.56 pp), -9.81% in FY2023 (-23.93 pp), 14.11% in FY2022 (-12.94 pp) and 27.06% in FY2021 (-17.22 pp).
- The Q2 2026 figure is the lowest quarterly EBITDA Margin in data going back to Q1 2020.
- On a year-over-year basis, EBITDA Margin rose in four of the last eight quarters, with an average year-over-year change of -19.09 percentage points.
- Peak year-over-year performance for EBITDA Margin in the last five years was a gain of 119.77 percentage points in Q2 2024, against a drop of 154.42 percentage points in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 22.83% (Q1 2026), 15.25% (Q4 2025) and 24.88% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.14 Bn | 283.71 Bn | 7.66 Bn | 45.06% |
| 2 | British American Tobacco p.l.c | 129.64 Bn | 108.78 Bn | - | - |
| 3 | Altria | 115.45 Bn | 101.65 Bn | 3.82 Bn | 52.23% |
| 4 | Curaleaf Holdings | 2.87 Bn | 2.47 Bn | 169.91 Mn | 15.53% |
| 5 | RLX Technology | 2.63 Bn | -932.13 Mn | 52.74 Mn | 13.86% |
| 6 | Trulieve Cannabis | 2.37 Bn | 989.63 Mn | 162.29 Mn | -127.26% |
| 7 | Green Thumb Industries | 1.53 Bn | 385.54 Mn | 137.87 Mn | 17.33% |
| 8 | Cronos | 1.26 Bn | -1.96 Bn | 28.45 Mn | 15.27% |
| 9 | Turning Point Brands | 1.21 Bn | 343.16 Mn | 93.70 Mn | - |
| 10 | Verano Holdings | 871.29 Mn | 544.91 Mn | 99.70 Mn | 14.95% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -127.26% |
| Mar 31, 2026 | 22.83% |
| Dec 31, 2025 | 15.25% |
| Sep 30, 2025 | 24.88% |
| Jun 30, 2025 | 27.16% |
| Mar 31, 2025 | 21.04% |
| Dec 31, 2024 | 9.95% |
| Sep 30, 2024 | 10.18% |
| Jun 30, 2024 | 25.65% |
| Mar 31, 2024 | 24.82% |
| Dec 31, 2023 | 19.65% |
| Sep 30, 2023 | 18.28% |
| Jun 30, 2023 | -94.12% |
| Mar 31, 2023 | 16.66% |
| Dec 31, 2022 | 12.04% |
| Sep 30, 2022 | 0.72% |
| Jun 30, 2022 | 23.06% |
| Mar 31, 2022 | 18.40% |
| Dec 31, 2021 | 5.75% |
| Sep 30, 2021 | 33.02% |
API Access
Trulieve Cannabis EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=TRLV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "TRLV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=TRLV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();