Trulieve Cannabis (TRLV) EV to EBITDA (2020 - 2026)
Trulieve Cannabis' EV to EBITDA came in at 2.67 for Q1 2026, up 34.6% from 1.99 a year earlier but down 50.0% from the prior quarter.
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Analysis
Trulieve Cannabis (TRLV) EV to EBITDA (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Mar 31, 2026, Trulieve Cannabis reported EV to EBITDA of -1.48; for FY2025, it was 5.35, up 66.2% from FY2024.
- Going back by year, EV to EBITDA was 3.22 in FY2024, 6.96 in FY2022 (-48.4%) and 13.48 in FY2021 (-14.3%).
- The five-year range for quarterly EV to EBITDA is 1.56 (Q2 2025) to 15.52 (Q1 2022).
- Year-over-year, EV to EBITDA increased in two of the last four quarters, with an average decline of 4.4%.
- The fastest year-over-year change in EV to EBITDA over five years came in Q4 2025 (growth of 66.2%), and the weakest in Q2 2025 (a decline of 70.5%).
- Business Quant data shows TRLV's EV to EBITDA at 5.35 (Q4 2025), 4.36 (Q3 2025) and 1.56 (Q2 2025) in the three quarters before Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Philip Morris International | 302.14 Bn | 283.71 Bn | 7.66 Bn |
| 2 | British American Tobacco p.l.c | 129.64 Bn | 108.78 Bn | - |
| 3 | Altria | 115.45 Bn | 101.65 Bn | 3.82 Bn |
| 4 | Curaleaf Holdings | 2.87 Bn | 2.47 Bn | 169.91 Mn |
| 5 | RLX Technology | 2.63 Bn | -932.13 Mn | 52.74 Mn |
| 6 | Trulieve Cannabis | 2.37 Bn | 989.63 Mn | 162.29 Mn |
| 7 | Green Thumb Industries | 1.53 Bn | 385.54 Mn | 137.87 Mn |
| 8 | Cronos | 1.26 Bn | -1.96 Bn | 28.45 Mn |
| 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 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 2.67 |
| Dec 31, 2025 | 5.35 |
| Sep 30, 2025 | 4.36 |
| Jun 30, 2025 | 1.56 |
| Mar 31, 2025 | 1.99 |
| Dec 31, 2024 | 3.22 |
| Sep 30, 2024 | 8.35 |
| Jun 30, 2024 | 5.30 |
| Mar 31, 2023 | 5.38 |
| Dec 31, 2022 | 7.09 |
| Sep 30, 2022 | 9.86 |
| Jun 30, 2022 | 8.87 |
| Mar 31, 2022 | 15.52 |
| Dec 31, 2021 | 13.48 |
| Sep 30, 2021 | 10.81 |
| Jun 30, 2021 | 15.34 |
| Mar 31, 2021 | 20.08 |
| Dec 31, 2020 | 15.74 |
API Access
Trulieve Cannabis EV to EBITDA 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=ev-to-ebitda&ticker=TRLV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "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=ev-to-ebitda&ticker=TRLV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();