Trulieve Cannabis (TRLV) Gross Margin
Trulieve Cannabis (TRLV) currently has a gross margin of 59.5%. Margins are stable over recent quarters. The company is a multi-state cannabis operator (MSO) trading on the NYSE.
Current Gross Margin
59.5%
Margin Trend
Stable
Latest Quarter Margin
59.9%
Quarterly Gross Margin
| Period | Revenue | COGS | Gross Profit | Gross Margin |
|---|---|---|---|---|
| FY2026 Q2 | $271.0M | $108.7M | $162.3M | 59.9% |
| FY2026 Q1 | $286.8M | $116.7M | $170.1M | 59.3% |
| FY2025 Q4 | $293.1M | $118.0M | $175.2M | 59.8% |
| FY2025 Q3 | $288.2M | $118.3M | $169.9M | 58.9% |
| FY2025 Q2 | $302.1M | $119.2M | $182.9M | 60.6% |
| FY2025 Q1 | $297.8M | $114.5M | $183.2M | 61.5% |
| FY2024 Q4 | $301.1M | $114.1M | $187.0M | 62.1% |
| FY2024 Q3 | $284.3M | $111.0M | $173.3M | 61.0% |
| FY2024 Q2 | $303.4M | $121.8M | $181.6M | 59.9% |
| FY2024 Q1 | $297.6M | $123.8M | $173.8M | 58.4% |
| FY2023 Q4 | $287.0M | $133.1M | $153.9M | 53.6% |
| FY2023 Q3 | $275.2M | $132.3M | $142.9M | 51.9% |
Frequently Asked Questions
What is TRLV's current gross margin?+
Gross margin for Trulieve Cannabis is calculated as (revenue minus cost of revenue) divided by revenue, expressed as a percentage. It measures how efficiently the company converts sales into gross profit before operating expenses. Higher margins indicate better pricing power or lower production costs.
What is a good gross margin for cannabis companies?+
Cannabis gross margins vary widely by sub-sector. Retailers typically see 40-55%, vertically integrated MSOs 45-60%, and LPs 20-45%. Trulieve Cannabis's margin should be compared to peers in the same sub-sector for meaningful context. Margins above 50% generally indicate strong pricing power.
Why do TRLV's margins change quarter to quarter?+
Gross margin fluctuations for Trulieve Cannabis can result from changes in product mix, pricing pressure from competition, input cost changes (e.g., energy, labor), inventory write-downs, or scaling into new markets where initial costs are higher. Seasonal harvest patterns can also affect margins for cultivators.