TCNNF - Trulieve Cannabis Corp.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$47.21
DETAILS
HIGH:
$65.00
LOW:
$18.00
MEDIAN:
$52.92
CONSENSUS:
$47.21
UPSIDE:
529.47%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 1,201.9 | 1,186.5 | 1,129.2 | 1,239.8 | 938.4 | 521.5 | 252.8 | 102.8 | 19.8 | 0.2 |
| Cost of Revenue | 597.9 | 470.7 | 540.6 | 557.8 | 372.3 | 135.1 | (109.5) | (2.7) | 1.4 | 2.8 |
| Gross Profit | 603.9 | 715.7 | 588.6 | 682 | 566.1 | 386.4 | 362.3 | 105.6 | 18.4 | (2.6) |
| Operating Expenses | ||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 442.4 | 510.5 | 386.2 | 454.6 | 315.7 | 155.5 | 68.0 | 29.2 | 0.0 | 0.0 |
| Other Expenses | 0 | 107.5 | 424.1 | 119.4 | 48.1 | 12.6 | 8.4 | 1.1 | (0.0) | 0.0 |
| Operating Expenses | 442.4 | 618.0 | 810.2 | 574 | 363.8 | 168.1 | 76.4 | 30.3 | 0.0 | 0.1 |
| Operating Income | ||||||||||
| Operating Income | 161.6 | 97.8 | (221.6) | 109.4 | 196.9 | 218.4 | 285.9 | 75.2 | (0.0) | (0.1) |
| Interest Expense | 64.6 | 62.2 | 81.6 | 73.4 | 29.1 | 20.2 | 9.1 | 2.2 | 0 | 0 |
| Interest Income | 14.8 | 14.7 | 6.2 | 1.6 | 0.2 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||
| EBITDA | 334.1 | 258.9 | (33.1) | 239.8 | 283.6 | 207.9 | 128.5 | 38.3 | 10.5 | (4.0) |
| EBIT | 157.6 | 92.5 | (203.0) | 54.2 | 205.4 | 177.7 | 112.7 | 38.3 | 9.9 | (4.1) |
| Income Before Tax | 93.1 | 42.7 | (284.5) | (43.3) | 163.5 | 157.4 | 272.5 | 71.7 | (0.0) | (0.0) |
| Income Tax Expense | 211.8 | 197.6 | 151.4 | 161.8 | 146.1 | 94.5 | 94.4 | 28.8 | 4.7 | 0 |
| Net Income | (118.4) | (155.1) | (526.8) | (205.1) | 18.0 | 63.0 | 178.0 | 43.0 | (0.0) | (0.0) |
| Per Share Data | ||||||||||
| EPS (Basic) | -0.62 | -0.82 | -2.84 | -1.10 | 0.13 | 0.55 | 1.62 | 0.42 | -0.00 | -0.00 |
| EPS (Diluted) | -0.62 | -0.82 | -2.84 | -1.09 | 0.12 | 0.53 | 1.54 | 0.42 | -0.00 | -0.00 |
| Shares Outstanding | 191.3 | 190.0 | 189.0 | 187.3 | 142.7 | 113.6 | 110.2 | 101.7 | 109.8 | 109.8 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 255.1 | 238.8 | 201.4 | 212.3 | 230.6 | 146.7 | 91.8 | 24.4 | 0.0 | 0.0 |
| Short-Term Investments | 0 | 60.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.1 |
| Net Receivables | 20.2 | 23.0 | 6.7 | 7.2 | 20.2 | 0.3 | 0 | 0 | 0.0 | 0 |
| Inventory | 241.9 | 231.4 | 213.1 | 297.8 | 212.2 | 98.3 | 271.2 | 53.9 | 12.0 | 1.3 |
| Other Current Assets | 26.3 | 28.0 | 38.5 | 92.3 | 23.9 | 4.3 | 6.9 | 0 | 0.0 | 0.0 |
| Total Current Assets | 561.7 | 604.6 | 477.3 | 593 | 524.4 | 265.1 | 369.9 | 80.8 | 0.1 | 0.1 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 837.2 | 900.0 | 830.8 | 974.5 | 972.7 | 382.8 | 189.2 | 70.8 | 19.3 | 4.5 |
| Goodwill | 483.0 | 483.9 | 483.9 | 791.5 | 765.4 | 74.1 | 7.3 | 0 | 0 | 0 |
| Intangible Assets | 796.9 | 859.5 | 917.2 | 1,012.6 | 1,118.0 | 90.1 | 23.5 | 9.4 | 1 | 1 |
| Long-Term Investments | 0.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 11.9 | 22.3 | 19.8 | 27.4 | 30.5 | 3.9 | 0.9 | 1.1 | 0 | 0.5 |
| Total Non-Current Assets | 2,186.9 | 2,265.7 | 2,251.7 | 2,806 | 2,886.5 | 551.0 | 221.0 | 81.3 | 20.3 | 6.0 |
| Total Assets | 2,748.6 | 2,870.3 | 2,729.1 | 3,399 | 3,410.9 | 816.1 | 590.9 | 162.1 | 0.1 | 0.1 |
| Current Liabilities | ||||||||||
| Account Payables | 26.7 | 20.2 | 28.2 | 15.9 | 14.8 | 9.2 | 10.0 | 10.5 | 0.1 | 0.1 |
| Short-Term Debt | 30.2 | 3.4 | 3.8 | 12.5 | 10.1 | 14.0 | 2.9 | 7.4 | 2.4 | 0 |
| Deferred Revenue | 9.6 | 8.0 | 0 | 9.5 | 7.2 | 7.2 | 2.4 | 1.4 | (2.4) | 0 |
| Other Current Liabilities | 39.0 | (2.4) | 14.7 | 101.8 | 13.0 | 32.9 | 33.2 | 16.8 | (2.1) | 0.2 |
| Total Current Liabilities | 126.7 | 138.5 | 114.8 | 209.7 | 168.9 | 76.0 | 56.7 | 34.7 | 0.4 | 0.3 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 334.9 | 476.8 | 479.1 | 635.9 | 469.4 | 121.2 | 38.9 | 12.6 | 12.1 | 5.4 |
| Deferred Tax Liabilities | 235.1 | 196.5 | 207.0 | 224.1 | 0 | 23.6 | 55.4 | 9.2 | 0 | 0 |
| Other Non-Current Liabilities | 605.8 | 488.7 | 229.0 | 93.8 | 274.3 | 25.8 | 152.1 | 10.5 | (12.1) | (5.4) |
| Total Non-Current Liabilities | 1,481.0 | 1,482.7 | 1,205.6 | 1,261.6 | 1,094.6 | 292.2 | 251.8 | 23.1 | 15.2 | 5.4 |
| Total Liabilities | 1,607.7 | 1,621.2 | 1,320.4 | 1,471.3 | 1,263.5 | 368.2 | 308.5 | 57.9 | 0.4 | 0.3 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 62.6 | 61.0 | 0.4 | 0.4 |
| Retained Earnings | (910.5) | (795.7) | (640.6) | (113.8) | 137.7 | 119.7 | 204.8 | 42.6 | (0.7) | (0.7) |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15.6 | 0.0 | 0.0 |
| Total Stockholders' Equity | 1,159.1 | 1,261.3 | 1,414.5 | 1,931.2 | 2,145.8 | 447.9 | 282.4 | 104.2 | (0.3) | (0.2) |
| Total Liabilities & Equity | 2,748.6 | 2,870.3 | 2,729.1 | 3,399 | 3,410.9 | 816.1 | 590.9 | 162.1 | 0.1 | 0.1 |
| Debt Metrics | ||||||||||
| Total Debt | 670.3 | 824.5 | 792.6 | 1,029.3 | 859.0 | 168.6 | 204.2 | 21.0 | 14.5 | 5.4 |
| Net Debt | 415.2 | 585.7 | 591.2 | 817 | 628.4 | 21.9 | 112.4 | (3.4) | 14.4 | 5.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (112.7) | (160.6) | (533.1) | (252.7) | 17.4 | 63.0 | 178.0 | 43.0 | (0.0) | (0.0) |
| Depreciation & Amortization | 176.4 | 177.9 | 181.0 | 185.6 | 78.2 | 30.2 | 17.2 | 3.1 | 0.6 | 0.1 |
| Stock-Based Compensation | 0 | 20.2 | 10.6 | 18.1 | 9.3 | 2.8 | 0 | 15.0 | 0 | 0 |
| Change in Working Capital | 197.3 | 234.9 | 174.1 | (55.7) | (84.9) | (37.1) | (216.3) | (22.3) | 0.0 | 0.0 |
| Other Non-Cash Items | 35.5 | 9.5 | 386.8 | 155.0 | 19.1 | 45.6 | 1.3 | 1.2 | 0.0 | (0.1) |
| Operating Cash Flow | 277.6 | 271.5 | 201.8 | 23.1 | 12.9 | 99.6 | 23.5 | 25.0 | (0.0) | (0.1) |
| Investing Activities | ||||||||||
| Capital Expenditure | (45.0) | (121.5) | (55.5) | (184.6) | (306.1) | (146.7) | (74.7) | (45.4) | (5.5) | (3.5) |
| Acquisitions | 0 | 0 | 1.0 | (25.7) | 43.5 | (27.9) | (19.9) | (7.6) | 0 | 0 |
| Purchases of Investments | 0 | (80) | 0 | (9.2) | (3.7) | 0 | 0 | 0 | 0 | (0.1) |
| Sales/Maturities of Investments | 61.1 | 20 | 0 | 0 | 45.8 | 0 | 0 | 0 | 0 | 0.1 |
| Other Investing Activities | 14.3 | (25.1) | 1.9 | 4.5 | 5.4 | 0.0 | 20.5 | (7.5) | 0 | 0 |
| Investing Cash Flow | 13.7 | (206.6) | (37.5) | (215.1) | (215.2) | (174.7) | (74.1) | (53.0) | (5.5) | 0.1 |
| Financing Activities | ||||||||||
| Net Debt Issuance | (261.1) | (15.7) | (174.3) | 152.9 | 51.4 | 35.2 | 118.9 | 2.3 | 5.3 | 5.1 |
| Stock Repurchased | 0 | 0 | (0.5) | (0.6) | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | (1.0) | (0.1) | (0.1) | 0 | 0 | 0 | 0 | 0 | (0.5) |
| Other Financing Activities | (14.1) | (16.9) | (0.8) | 24.9 | 20.0 | 11.5 | 24.0 | 0.8 | 1.7 | 2.5 |
| Financing Cash Flow | (275.2) | (33.4) | (175.6) | 177.8 | 289.2 | 129.9 | 117.9 | 51.0 | 7.0 | 7.1 |
| Cash Position | ||||||||||
| Net Change in Cash | 15.5 | 31.7 | (5.8) | (14.2) | 86.9 | 54.9 | 67.4 | 23.0 | (0.0) | 0.0 |
| Cash at Beginning | 239.6 | 208.0 | 213.8 | 233.1 | 146.7 | 91.8 | 24.4 | 1.4 | 0.0 | 0.0 |
| Cash at End | 255.1 | 239.7 | 208.0 | 218.9 | 233.7 | 146.7 | 91.8 | 24.4 | 0.0 | 0.0 |
| Free Cash Flow | 232.6 | 150.0 | 146.3 | (161.5) | (293.2) | (47.1) | (51.2) | (20.5) | (5.5) | (3.5) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 1,201.9 | 1,186.5 | 1,129.2 | 1,239.8 | 938.4 | 521.5 | 252.8 | 102.8 | 19.8 | 0.2 |
| Gross Profit | 603.9 | 715.7 | 588.6 | 682 | 566.1 | 386.4 | 362.3 | 105.6 | 18.4 | (2.6) |
| Operating Income | 161.6 | 97.8 | (221.6) | 109.4 | 196.9 | 218.4 | 285.9 | 75.2 | (0.0) | (0.1) |
| Net Income | (118.4) | (155.1) | (526.8) | (205.1) | 18.0 | 63.0 | 178.0 | 43.0 | (0.0) | (0.0) |
| EPS (Diluted) | -0.62 | -0.82 | -2.84 | -1.09 | 0.12 | 0.53 | 1.54 | 0.42 | -0.00 | -0.00 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 255.1 | 238.8 | 201.4 | 212.3 | 230.6 | 146.7 | 91.8 | 24.4 | 0.0 | 0.0 |
| Total Assets | 2,748.6 | 2,870.3 | 2,729.1 | 3,399 | 3,410.9 | 816.1 | 590.9 | 162.1 | 0.1 | 0.1 |
| Total Debt | 670.3 | 824.5 | 792.6 | 1,029.3 | 859.0 | 168.6 | 204.2 | 21.0 | 14.5 | 5.4 |
| Stockholders' Equity | 1,159.1 | 1,261.3 | 1,414.5 | 1,931.2 | 2,145.8 | 447.9 | 282.4 | 104.2 | (0.3) | (0.2) |
| Cash Flow | ||||||||||
| Operating Cash Flow | 277.6 | 271.5 | 201.8 | 23.1 | 12.9 | 99.6 | 23.5 | 25.0 | (0.0) | (0.1) |
| Capital Expenditure | (45.0) | (121.5) | (55.5) | (184.6) | (306.1) | (146.7) | (74.7) | (45.4) | (5.5) | (3.5) |
| Free Cash Flow | 232.6 | 150.0 | 146.3 | (161.5) | (293.2) | (47.1) | (51.2) | (20.5) | (5.5) | (3.5) |