Stocks Comparison
Ascend Wellness vs Trulieve Cannabis: revenue, profit, margins and growth compared
Ascend Wellness brought in $500.6M of revenue in fiscal 2025, Trulieve Cannabis $1.2B in fiscal 2025. Revenue changed by -10.9% at Ascend Wellness and -0.4% at Trulieve Cannabis on the year before, so Trulieve Cannabis grew faster. Ascend Wellness kept -23.6% of its revenue as net profit, Trulieve Cannabis -9.9%. Free cash flow was $12M at Ascend Wellness and $228.6M at Trulieve Cannabis.
Side by side, latest fiscal year
| AAWH | TRLV | |
|---|---|---|
| Fiscal year ended | FY2025 (December 31, 2025) | FY2025 (December 31, 2025) |
| Revenue | $500.6M | $1.2B |
| Revenue growth | -10.9% | -0.4% |
| Net income | -$118.2M | -$116.4M |
| Net margin | -23.6% | -9.9% |
| Free cash flow | $12M | $228.6M |
| Free cash flow margin | 2.4% | 19.4% |
| Earnings per share (diluted) | -$0.58 | -$0.58 |
| Cash | $85.7M | $255.5M |
| Debt | $319.5M | $136.7M |
| Price to earnings | n/a | n/a |
| Market value | $116M | $2.4B |
| Dividend yield | n/a | n/a |
| Rank by revenue in sector | #206 of 742 · Health care | #145 of 742 · Health care |
Over the years
Questions about Ascend Wellness and Trulieve Cannabis
Which is bigger by revenue, Ascend Wellness or Trulieve Cannabis?
Trulieve Cannabis is bigger by revenue: $1.2B in fiscal 2025, against $500.6M for Ascend Wellness in fiscal 2025.
Which keeps more of its revenue as profit, Ascend Wellness or Trulieve Cannabis?
Ascend Wellness had a net margin of -23.6% in fiscal 2025; Trulieve Cannabis had -9.9% in fiscal 2025.
Which grew revenue faster, Ascend Wellness or Trulieve Cannabis?
In their latest fiscal years revenue changed by -10.9% at Ascend Wellness and -0.4% at Trulieve Cannabis.
Where do these numbers come from?
From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.