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Side-by-side financial comparison of Canopy Growth Corp (CGC) and Caledonia Mining Corp Plc (CMCL). Click either name above to swap in a different company.

Canopy Growth Corp is the larger business by last-quarter revenue ($54.4M vs $46.9M, roughly 1.2× Caledonia Mining Corp Plc). Caledonia Mining Corp Plc runs the higher net margin — 7.0% vs -84.0%, a 91.0% gap on every dollar of revenue. On growth, Caledonia Mining Corp Plc posted the faster year-over-year revenue change (13.8% vs -0.3%). Over the past eight quarters, Caledonia Mining Corp Plc's revenue compounded faster (17.1% CAGR vs 1.2%).

Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.

Hochschild Mining plc is a leading British-based silver and gold mining business operating in North, Central, and South America. It is headquartered in Lima, Peru, with a corporate office in London, is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The main shareholder is the Peruvian businessman Eduardo Hochschild.

CGC vs CMCL — Head-to-Head

Bigger by revenue
CGC
CGC
1.2× larger
CGC
$54.4M
$46.9M
CMCL
Growing faster (revenue YoY)
CMCL
CMCL
+14.1% gap
CMCL
13.8%
-0.3%
CGC
Higher net margin
CMCL
CMCL
91.0% more per $
CMCL
7.0%
-84.0%
CGC
Faster 2-yr revenue CAGR
CMCL
CMCL
Annualised
CMCL
17.1%
1.2%
CGC

Income Statement — Q3 FY2026 vs Q3 FY2024

Metric
CGC
CGC
CMCL
CMCL
Revenue
$54.4M
$46.9M
Net Profit
$-45.7M
$3.3M
Gross Margin
28.8%
41.2%
Operating Margin
-35.3%
18.6%
Net Margin
-84.0%
7.0%
Revenue YoY
-0.3%
13.8%
Net Profit YoY
48.6%
-33.3%
EPS (diluted)
$0.13

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CGC
CGC
CMCL
CMCL
Q4 25
$54.4M
Q3 25
$48.7M
Q2 25
$52.7M
Q1 25
$47.5M
Q4 24
$54.6M
Q3 24
$46.0M
$46.9M
Q2 24
$48.3M
$50.1M
Q1 24
$53.1M
$38.5M
Net Profit
CGC
CGC
CMCL
CMCL
Q4 25
$-45.7M
Q3 25
$-1.2M
Q2 25
$-30.3M
Q1 25
Q4 24
$-89.0M
Q3 24
$-93.7M
$3.3M
Q2 24
$-92.8M
$10.2M
Q1 24
$2.1M
Gross Margin
CGC
CGC
CMCL
CMCL
Q4 25
28.8%
Q3 25
32.8%
Q2 25
25.0%
Q1 25
16.2%
Q4 24
32.2%
Q3 24
34.7%
41.2%
Q2 24
34.8%
45.8%
Q1 24
21.3%
35.9%
Operating Margin
CGC
CGC
CMCL
CMCL
Q4 25
-35.3%
Q3 25
-25.3%
Q2 25
-31.4%
Q1 25
Q4 24
-31.9%
Q3 24
-72.9%
18.6%
Q2 24
-44.0%
32.2%
Q1 24
13.8%
Net Margin
CGC
CGC
CMCL
CMCL
Q4 25
-84.0%
Q3 25
-2.5%
Q2 25
-57.6%
Q1 25
Q4 24
-163.0%
Q3 24
-203.7%
7.0%
Q2 24
-192.0%
20.3%
Q1 24
5.4%
EPS (diluted)
CGC
CGC
CMCL
CMCL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$0.13
Q2 24
$0.42
Q1 24
$0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CGC
CGC
CMCL
CMCL
Cash + ST InvestmentsLiquidity on hand
$271.1M
$7.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$553.5M
$231.0M
Total Assets
$807.5M
$339.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CGC
CGC
CMCL
CMCL
Q4 25
$271.1M
Q3 25
$217.6M
Q2 25
$104.8M
Q1 25
$96.0M
Q4 24
$130.2M
Q3 24
$168.8M
$7.2M
Q2 24
$142.3M
$15.4M
Q1 24
$148.5M
$1.8M
Stockholders' Equity
CGC
CGC
CMCL
CMCL
Q4 25
$553.5M
Q3 25
$537.3M
Q2 25
$357.0M
Q1 25
$355.7M
Q4 24
$431.8M
Q3 24
$372.1M
$231.0M
Q2 24
$389.0M
$231.1M
Q1 24
$365.3M
$220.3M
Total Assets
CGC
CGC
CMCL
CMCL
Q4 25
$807.5M
Q3 25
$781.0M
Q2 25
$660.4M
Q1 25
$669.9M
Q4 24
$849.9M
Q3 24
$899.6M
$339.7M
Q2 24
$938.9M
$338.5M
Q1 24
$949.2M
$321.8M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CGC
CGC
CMCL
CMCL
Operating Cash FlowLast quarter
$4.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.40×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CGC
CGC
CMCL
CMCL
Q4 25
Q3 25
Q2 25
$-7.5M
Q1 25
$-121.0M
Q4 24
Q3 24
$4.6M
Q2 24
$-37.8M
$19.1M
Q1 24
$-205.8M
Free Cash Flow
CGC
CGC
CMCL
CMCL
Q4 25
Q3 25
Q2 25
$-8.5M
Q1 25
$-128.9M
Q4 24
Q3 24
Q2 24
$-40.7M
Q1 24
$-208.3M
FCF Margin
CGC
CGC
CMCL
CMCL
Q4 25
Q3 25
Q2 25
-16.1%
Q1 25
-271.5%
Q4 24
Q3 24
Q2 24
-84.1%
Q1 24
-392.1%
Capex Intensity
CGC
CGC
CMCL
CMCL
Q4 25
Q3 25
Q2 25
1.8%
Q1 25
16.6%
Q4 24
Q3 24
Q2 24
5.9%
Q1 24
4.7%
Cash Conversion
CGC
CGC
CMCL
CMCL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
1.40×
Q2 24
1.87×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CGC
CGC

Other$24.0M44%
Canadian Adult Use Cannabis$22.9M42%
International Markets Cannabis$6.2M11%
Other Geographical Area$1.2M2%

CMCL
CMCL

Segment breakdown not available.

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