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Curaleaf Holdings vs Trulieve Cannabis: CURLF and TRLV compared
Curaleaf Holdings is the larger company: $353M of revenue in its latest quarter (Q3 2026) against $230M for Trulieve Cannabis (Q3 2026). Curaleaf Holdings is growing faster (+11% against -20% a year earlier). Trulieve Cannabis is more profitable, with an operating margin of 18.5% against 0.8%.
Where the money goes: CURLF and TRLV
Curaleaf Holdings (CURLF) · Q3 2026
Curaleaf Holdings, Q3 2026: revenue $353M (+11% year over year), operating margin 0.8%, net loss $32.7M, operating cash flow $21.1M. The chart follows the revenue to costs, profit and cash.
Trulieve Cannabis (TRLV) · Q3 2026
Trulieve Cannabis, Q3 2026: revenue $230M (-20% year over year), operating margin 18.5%, net earnings $869K, operating cash flow $74.4M. The chart follows the revenue to costs, profit and cash.
| Curaleaf Holdings (CURLF) | Trulieve Cannabis (TRLV) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $353M | $230M |
| Revenue growth, Y/Y | +11% | -20% |
| Gross margin | — | 64.3% |
| Operating margin | 0.8% | 18.5% |
| Net earnings | −$32.7M | $869K |
| Net margin | -9.3% | 0.4% |
| Operating cash flow | $21.1M | $74.4M |
| Free cash flow | $4.0M | $45.4M |
| Market value | $2.5B | — |
| Analysts’ mean target | $16.00 | — |
Where the revenue comes from
Curaleaf Holdings
- Retail and wholesale revenues: $349M (99%)
- Management fee income: $3.9M (1%)
Trulieve Cannabis
- Retail: $219M (95%)
- Wholesale and other: $10.9M (5%)
Questions
Which is bigger, Curaleaf Holdings or Trulieve Cannabis?
Curaleaf Holdings is the larger company: $353M of revenue in its latest quarter (Q3 2026) against $230M for Trulieve Cannabis (Q3 2026).
Is Curaleaf Holdings or Trulieve Cannabis growing faster?
Curaleaf Holdings is growing faster (+11% against -20% a year earlier).
Which is more profitable, Curaleaf Holdings or Trulieve Cannabis?
Trulieve Cannabis is more profitable, with an operating margin of 18.5% against 0.8%.
More: Curaleaf Holdings earnings · how Curaleaf Holdings makes money · Trulieve Cannabis earnings · how Trulieve Cannabis makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.