Trulieve Cannabis (TRLV) Gross Margin (2020 - 2026)
Trulieve Cannabis' Gross Margin came in at 59.90% for Q2 2026, down 0.66 percentage points from 60.55% a year earlier but up 0.58 percentage points from the prior quarter.
Powered by 
Analysis
Trulieve Cannabis (TRLV) Gross Margin (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Trulieve Cannabis reported Gross Margin of 59.47%, down 1.82 percentage points year-over-year; for FY2025, it was 60.21%, down 0.12 percentage points from FY2024.
- Gross Margin carries a five-year change of -13.88 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 60.32% in FY2024 (+8.20 pp), 52.13% in FY2023 (-4.44 pp), 56.57% in FY2022 (-4.23 pp) and 60.80% in FY2021 (-13.30 pp).
- The five-year range for quarterly Gross Margin is 44.46% (Q4 2021) to 68.70% (Q3 2021).
- Year-over-year, Gross Margin has declined for four consecutive quarters, with an average year-over-year change of +1.76 percentage points over the last eight quarters.
- The fastest year-over-year change in Gross Margin over five years came in Q2 2024 (a gain of 9.60 percentage points), and the weakest in Q4 2021 (a drop of 26.71 percentage points).
- Business Quant data shows TRLV's Gross Margin at 59.31% (Q1 2026), 59.75% (Q4 2025) and 58.94% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.14 Bn | 283.71 Bn | 7.66 Bn | 68.43% |
| 2 | British American Tobacco p.l.c | 129.64 Bn | 108.78 Bn | - | - |
| 3 | Altria | 115.45 Bn | 101.65 Bn | 3.82 Bn | 62.51% |
| 4 | Curaleaf Holdings | 2.87 Bn | 2.47 Bn | 169.91 Mn | 49.96% |
| 5 | RLX Technology | 2.63 Bn | -932.13 Mn | 52.74 Mn | 35.41% |
| 6 | Trulieve Cannabis | 2.37 Bn | 989.63 Mn | 162.29 Mn | 59.90% |
| 7 | Green Thumb Industries | 1.53 Bn | 385.54 Mn | 137.87 Mn | 44.96% |
| 8 | Cronos | 1.26 Bn | -1.96 Bn | 28.45 Mn | 40.30% |
| 9 | Turning Point Brands | 1.21 Bn | 343.16 Mn | 93.70 Mn | 65.55% |
| 10 | Verano Holdings | 871.29 Mn | 544.91 Mn | 99.70 Mn | 45.75% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 59.90% |
| Mar 31, 2026 | 59.31% |
| Dec 31, 2025 | 59.75% |
| Sep 30, 2025 | 58.94% |
| Jun 30, 2025 | 60.55% |
| Mar 31, 2025 | 61.53% |
| Dec 31, 2024 | 62.10% |
| Sep 30, 2024 | 60.95% |
| Jun 30, 2024 | 59.86% |
| Mar 31, 2024 | 58.40% |
| Dec 31, 2023 | 53.61% |
| Sep 30, 2023 | 51.94% |
| Jun 30, 2023 | 50.26% |
| Mar 31, 2023 | 52.66% |
| Dec 31, 2022 | 52.64% |
| Sep 30, 2022 | 57.12% |
| Jun 30, 2022 | 58.43% |
| Mar 31, 2022 | 56.79% |
| Dec 31, 2021 | 44.46% |
| Sep 30, 2021 | 68.70% |
API Access
Trulieve Cannabis Gross 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=gross-margin&ticker=TRLV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=TRLV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();