Trulieve Cannabis (TRLV) FCF Margin (2020 - 2026)
Trulieve Cannabis' FCF Margin came in at 11.86% for Q2 2026, down 11.34 percentage points from 23.20% a year earlier and down 2.87 percentage points from the prior quarter.
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Analysis
Trulieve Cannabis (TRLV) FCF Margin (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Trulieve Cannabis reported FCF Margin of 17.78%, up 10.98 percentage points year-over-year; for FY2025, it was 19.36%, up 6.81 percentage points from FY2024.
- FCF Margin carries a five-year change of +19.41 percentage points (FY2020 to FY2025).
- Going back by year, FCF Margin was 12.55% in FY2024 (-1.76 pp), 14.31% in FY2023 (+25.94 pp), -11.63% in FY2022 (+16.59 pp) and -28.22% in FY2021 (-28.16 pp).
- The Q2 2026 figure represents the lowest quarterly FCF Margin since Q1 2025.
- Year-over-year, FCF Margin increased in four of the last eight quarters, with an average year-over-year change of -7.49 percentage points.
- The fastest year-over-year change in FCF Margin over five years came in Q4 2022 (a gain of 56.17 percentage points), and the weakest in Q4 2024 (a drop of 46.58 percentage points).
- Business Quant data shows TRLV's FCF Margin at 14.72% (Q1 2026), 19.04% (Q4 2025) and 25.13% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.14 Bn | 283.71 Bn | 7.66 Bn | 45.68% |
| 2 | British American Tobacco p.l.c | 129.64 Bn | 108.78 Bn | - | - |
| 3 | Altria | 115.45 Bn | 101.65 Bn | 3.82 Bn | 10.83% |
| 4 | Curaleaf Holdings | 2.87 Bn | 2.47 Bn | 169.91 Mn | -6.05% |
| 5 | RLX Technology | 2.63 Bn | -932.13 Mn | 52.74 Mn | -6.24% |
| 6 | Trulieve Cannabis | 2.37 Bn | 989.63 Mn | 162.29 Mn | 11.86% |
| 7 | Green Thumb Industries | 1.53 Bn | 385.54 Mn | 137.87 Mn | 2.87% |
| 8 | Cronos | 1.26 Bn | -1.96 Bn | 28.45 Mn | 31.55% |
| 9 | Turning Point Brands | 1.21 Bn | 343.16 Mn | 93.70 Mn | 18.35% |
| 10 | Verano Holdings | 871.29 Mn | 544.91 Mn | 99.70 Mn | 8.61% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.86% |
| Mar 31, 2026 | 14.72% |
| Dec 31, 2025 | 19.04% |
| Sep 30, 2025 | 25.13% |
| Jun 30, 2025 | 23.20% |
| Mar 31, 2025 | 10.19% |
| Dec 31, 2024 | -3.99% |
| Sep 30, 2024 | -2.74% |
| Jun 30, 2024 | 14.84% |
| Mar 31, 2024 | 41.55% |
| Dec 31, 2023 | 42.59% |
| Sep 30, 2023 | 31.67% |
| Jun 30, 2023 | -12.23% |
| Mar 31, 2023 | -4.67% |
| Dec 31, 2022 | 6.93% |
| Sep 30, 2022 | -20.04% |
| Jun 30, 2022 | -31.92% |
| Mar 31, 2022 | -0.94% |
| Dec 31, 2021 | -49.24% |
| Sep 30, 2021 | -22.19% |
API Access
Trulieve Cannabis FCF 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=fcf-margin&ticker=TRLV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=TRLV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();