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Fitlife Brands vs Trulieve Cannabis: revenue, profit, margins and growth compared

Fitlife Brands brought in $81.5M of revenue in fiscal 2025, Trulieve Cannabis $1.2B in fiscal 2025. Revenue changed by +26.4% at Fitlife Brands and -0.4% at Trulieve Cannabis on the year before, so Fitlife Brands grew faster. Fitlife Brands kept 7.8% of its revenue as net profit, Trulieve Cannabis -9.9%. Free cash flow was $7.4M at Fitlife Brands and $228.6M at Trulieve Cannabis.

Side by side, latest fiscal year

FTLFTRLV
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$81.5M$1.2B
Revenue growth+26.4%-0.4%
Net income$6.3M-$116.4M
Net margin7.8%-9.9%
Free cash flow$7.4M$228.6M
Free cash flow margin9.1%19.4%
Earnings per share (diluted)$0.63-$0.58
Cash$1.6M$255.5M
Debtn/a$136.7M
Price to earnings14.7n/a
Market value$86.9M$2.4B
Dividend yieldn/an/a
Rank by revenue in sector#318 of 523 · Health care#137 of 523 · Health care

Over the years

Revenue
FTLF FY2018: $17.1MFTLF FY2019: $19.5MFTLF FY2020: $22.1MFTLF FY2021: $27.9MFTLF FY2022: $28.8MFTLF FY2023: $52.7MFTLF FY2024: $64.5MFTLF FY2025: $81.5MTRLV FY2019: $252.8MTRLV FY2021: $521.5MTRLV FY2021: $931.9MTRLV FY2022: $1.2BTRLV FY2023: $1.1BTRLV FY2024: $1.2BTRLV FY2025: $1.2BFY18FY19FY20FY21FY22FY23FY24FY25
FTLF $81.5MTRLV $1.2B
Net income
FTLF FY2018: $509KFTLF FY2019: $2.6MFTLF FY2020: $8.8MFTLF FY2021: $5.4MFTLF FY2022: $4.4MFTLF FY2023: $5.3MFTLF FY2024: $9MFTLF FY2025: $6.3MTRLV FY2019: $53.1MTRLV FY2021: $63MTRLV FY2021: $17.4MTRLV FY2022: -$252.7MTRLV FY2023: -$526.8MTRLV FY2024: -$155.1MTRLV FY2025: -$116.4MFY18FY19FY20FY21FY22FY23FY24FY25
FTLF $6.3MTRLV -$116.4M
Net margin
FTLF FY2018: 3.0%FTLF FY2019: 13.4%FTLF FY2020: 39.9%FTLF FY2021: 19.4%FTLF FY2022: 15.4%FTLF FY2023: 10.0%FTLF FY2024: 13.9%FTLF FY2025: 7.8%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%FY18FY19FY20FY21FY22FY23FY24FY25
FTLF 7.8%TRLV -9.9%
Revenue growth
FTLF FY2019: +14.2%FTLF FY2020: +13.4%FTLF FY2021: +26.2%FTLF FY2022: +3.2%FTLF FY2023: +83.0%FTLF FY2024: +22.3%FTLF FY2025: +26.4%TRLV FY2021: +106.3%TRLV FY2021: +78.7%TRLV FY2022: +30.7%TRLV FY2023: -7.3%TRLV FY2024: +5.1%TRLV FY2025: -0.4%FY19FY20FY21FY22FY23FY24FY25
FTLF +26.4%TRLV -0.4%
Free cash flow
FTLF FY2018: $258KFTLF FY2022: $4.1MFTLF FY2023: $4.1MFTLF FY2024: $9.6MFTLF FY2025: $7.4MTRLV FY2019: -$52.8MTRLV FY2021: -$298KTRLV FY2021: -$263MTRLV FY2022: -$141.7MTRLV FY2023: $161.6MTRLV FY2024: $148.9MTRLV FY2025: $228.6MFY18FY19FY21FY22FY23FY24FY25
FTLF $7.4MTRLV $228.6M

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

Questions about Fitlife Brands and Trulieve Cannabis

Which is bigger by revenue, Fitlife Brands or Trulieve Cannabis?

Trulieve Cannabis is bigger by revenue: $1.2B in fiscal 2025, against $81.5M for Fitlife Brands in fiscal 2025.

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

Fitlife Brands had a net margin of 7.8% in fiscal 2025; Trulieve Cannabis had -9.9% in fiscal 2025.

Which grew revenue faster, Fitlife Brands or Trulieve Cannabis?

In their latest fiscal years revenue changed by +26.4% at Fitlife Brands 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.

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