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Trulieve Cannabis Corp is a vertically integrated cannabis company that grows, produces, and sells cannabis products. It has licenses to operate in Arizona, Colorado, Connecticut, Florida, Georgia, Maryland, Ohio, Pennsylvania, and West Virginia, where it sells medical cannabis products. In addition, the company sells cannabis products for adult use in Arizona, Colorado, Connecticut, Maryland, and Ohio. The firm's operations are substantially located in Florida and, to a lesser extent, in Arizona and Pennsylvania.
1940
6K+
LTM Revenue $1.7B
LTM EBITDA $591M
$1.3B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Trulieve has a last 12-month revenue (LTM) of $1.7B and a last 12-month EBITDA of $591M.
In the most recent fiscal year, Trulieve achieved revenue of $856M and an EBITDA of $204M.
Trulieve expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Trulieve valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $1.7B | XXX | $856M | XXX | XXX | XXX |
| Gross Profit | $1.0B | XXX | $517M | XXX | XXX | XXX |
| Gross Margin | 60% | XXX | 60% | XXX | XXX | XXX |
| EBITDA | $591M | XXX | $204M | XXX | XXX | XXX |
| EBITDA Margin | 35% | XXX | 24% | XXX | XXX | XXX |
| EBIT | $187M | XXX | $66.8M | XXX | XXX | XXX |
| EBIT Margin | 11% | XXX | 8% | XXX | XXX | XXX |
| Net Profit | -$169M | XXX | -$112M | XXX | XXX | XXX |
| Net Margin | -10% | XXX | -13% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $174M | XXX | XXX | XXX |
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As of May 30, 2025, Trulieve's stock price is CAD 5 (or $4).
Trulieve has current market cap of CAD 1.0B (or $756M), and EV of CAD 1.7B (or $1.3B).
See Trulieve trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1.3B | $756M | XXX | XXX | XXX | XXX | $-0.64 |
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Start Free TrialAs of May 30, 2025, Trulieve has market cap of $756M and EV of $1.3B.
Trulieve's trades at 1.5x EV/Revenue multiple, and 6.1x EV/EBITDA.
Equity research analysts estimate Trulieve's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Trulieve has a P/E ratio of -6.2x.
See valuation multiples for Trulieve and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $756M | XXX | $756M | XXX | XXX | XXX |
| EV (current) | $1.3B | XXX | $1.3B | XXX | XXX | XXX |
| EV/Revenue | 1.0x | XXX | 1.5x | XXX | XXX | XXX |
| EV/EBITDA | 2.9x | XXX | 6.1x | XXX | XXX | XXX |
| EV/EBIT | 9.3x | XXX | 18.7x | XXX | XXX | XXX |
| EV/Gross Profit | 1.7x | XXX | n/a | XXX | XXX | XXX |
| P/E | -6.2x | XXX | -6.8x | XXX | XXX | XXX |
| EV/FCF | 6.8x | XXX | 14.8x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialTrulieve's last 12 month revenue growth is -1%
Trulieve's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.1M for the same period.
Trulieve's rule of 40 is -3% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Trulieve's rule of X is 33% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Trulieve and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | -1% | XXX | 20% | XXX | XXX | XXX |
| EBITDA Margin | 35% | XXX | 24% | XXX | XXX | XXX |
| EBITDA Growth | -4% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | -3% | XXX | 23% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 33% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 22% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 53% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Live Verdure | XXX | XXX | XXX | XXX | XXX | XXX |
| Ascend Wellness Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Ayr Wellness | XXX | XXX | XXX | XXX | XXX | XXX |
| Cresco Labs | XXX | XXX | XXX | XXX | XXX | XXX |
| Grown Rogue | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Trulieve acquired XXX companies to date.
Last acquisition by Trulieve was XXXXXXXX, XXXXX XXXXX XXXXXX . Trulieve acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was Trulieve founded? | Trulieve was founded in 1940. |
| Where is Trulieve headquartered? | Trulieve is headquartered in Canada. |
| How many employees does Trulieve have? | As of today, Trulieve has 6K+ employees. |
| Is Trulieve publicy listed? | Yes, Trulieve is a public company listed on CNQ. |
| What is the stock symbol of Trulieve? | Trulieve trades under TRUL ticker. |
| When did Trulieve go public? | Trulieve went public in 2018. |
| Who are competitors of Trulieve? | Similar companies to Trulieve include e.g. Live Verdure, Ascend Wellness Holdings, Ayr Wellness, Cresco Labs. |
| What is the current market cap of Trulieve? | Trulieve's current market cap is $756M |
| What is the current revenue of Trulieve? | Trulieve's last 12 months revenue is $1.7B. |
| What is the current revenue growth of Trulieve? | Trulieve revenue growth (NTM/LTM) is -1%. |
| What is the current EV/Revenue multiple of Trulieve? | Current revenue multiple of Trulieve is 1.0x. |
| Is Trulieve profitable? | Yes, Trulieve is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Trulieve? | Trulieve's last 12 months EBITDA is $591M. |
| What is Trulieve's EBITDA margin? | Trulieve's last 12 months EBITDA margin is 35%. |
| What is the current EV/EBITDA multiple of Trulieve? | Current EBITDA multiple of Trulieve is 2.9x. |
| What is the current FCF of Trulieve? | Trulieve's last 12 months FCF is $255M. |
| What is Trulieve's FCF margin? | Trulieve's last 12 months FCF margin is 15%. |
| What is the current EV/FCF multiple of Trulieve? | Current FCF multiple of Trulieve is 6.8x. |
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