Invesaro

Stocks Comparison

biote vs Trulieve Cannabis: revenue, profit, margins and growth compared

biote brought in $192.2M of revenue in fiscal 2025, Trulieve Cannabis $1.2B in fiscal 2025. Revenue changed by -2.5% at biote and -0.4% at Trulieve Cannabis on the year before, so Trulieve Cannabis grew faster. biote kept 14.1% of its revenue as net profit, Trulieve Cannabis -9.9%. Free cash flow was $30.2M at biote and $228.6M at Trulieve Cannabis.

Side by side, latest fiscal year

BTMDTRLV
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$192.2M$1.2B
Revenue growth-2.5%-0.4%
Net income$27M-$116.4M
Net margin14.1%-9.9%
Free cash flow$30.2M$228.6M
Free cash flow margin15.7%19.4%
Earnings per share (diluted)$0.74-$0.58
Cash$24.1M$255.5M
Debt$103.1M$136.7M
Price to earnings1.6n/a
Market value$43.8M$2.4B
Dividend yieldn/an/a
Rank by revenue in sector#256 of 523 · Health care#137 of 523 · Health care

Over the years

Revenue
BTMD FY2021: $139.4MBTMD FY2022: $165MBTMD FY2023: $185.4MBTMD FY2024: $197.2MBTMD FY2025: $192.2MTRLV FY2019: $252.8MTRLV FY2021: $521.5MTRLV FY2021: $931.9MTRLV FY2022: $1.2BTRLV FY2023: $1.1BTRLV FY2024: $1.2BTRLV FY2025: $1.2BFY19FY21FY22FY23FY24FY25
BTMD $192.2MTRLV $1.2B
Net income
BTMD FY2021: $11.1MBTMD FY2022: -$969KBTMD FY2023: $3.3MBTMD FY2024: $3.2MBTMD FY2025: $27MTRLV FY2019: $53.1MTRLV FY2021: $63MTRLV FY2021: $17.4MTRLV FY2022: -$252.7MTRLV FY2023: -$526.8MTRLV FY2024: -$155.1MTRLV FY2025: -$116.4MFY19FY21FY22FY23FY24FY25
BTMD $27MTRLV -$116.4M
Net margin
BTMD FY2021: 8.0%BTMD FY2022: -0.6%BTMD FY2023: 1.8%BTMD FY2024: 1.6%BTMD FY2025: 14.1%TRLV FY2019: 21.0%TRLV FY2021: 12.1%TRLV FY2021: 1.9%TRLV FY2022: -20.7%TRLV FY2023: -46.7%TRLV FY2024: -13.1%TRLV FY2025: -9.9%FY19FY21FY22FY23FY24FY25
BTMD 14.1%TRLV -9.9%
Revenue growth
BTMD FY2022: +18.3%BTMD FY2023: +12.4%BTMD FY2024: +6.4%BTMD FY2025: -2.5%TRLV FY2021: +106.3%TRLV FY2021: +78.7%TRLV FY2022: +30.7%TRLV FY2023: -7.3%TRLV FY2024: +5.1%TRLV FY2025: -0.4%FY21FY22FY23FY24FY25
BTMD -2.5%TRLV -0.4%
Free cash flow
BTMD FY2021: $32.3MBTMD FY2022: -$9.5MBTMD FY2023: $26.5MBTMD FY2024: $38.8MBTMD FY2025: $30.2MTRLV FY2019: -$52.8MTRLV FY2021: -$298KTRLV FY2021: -$263MTRLV FY2022: -$141.7MTRLV FY2023: $161.6MTRLV FY2024: $148.9MTRLV FY2025: $228.6MFY19FY21FY22FY23FY24FY25
BTMD $30.2MTRLV $228.6M

Fiscal years as each company reports them; the two may end in different months.

Questions about biote and Trulieve Cannabis

Which is bigger by revenue, biote or Trulieve Cannabis?

Trulieve Cannabis is bigger by revenue: $1.2B in fiscal 2025, against $192.2M for biote in fiscal 2025.

Which keeps more of its revenue as profit, biote or Trulieve Cannabis?

biote had a net margin of 14.1% in fiscal 2025; Trulieve Cannabis had -9.9% in fiscal 2025.

Which grew revenue faster, biote or Trulieve Cannabis?

In their latest fiscal years revenue changed by -2.5% at biote 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.

More comparisons

Compare more companies