vs
Side-by-side financial comparison of Canopy Growth Corp (CGC) and Core Scientific, Inc. (CORZ). Click either name above to swap in a different company.
Core Scientific, Inc. is the larger business by last-quarter revenue ($79.8M vs $54.4M, roughly 1.5× Canopy Growth Corp). Core Scientific, Inc. runs the higher net margin — 268.5% vs -84.0%, a 352.5% gap on every dollar of revenue. On growth, Canopy Growth Corp posted the faster year-over-year revenue change (-0.3% vs -16.0%). Over the past eight quarters, Canopy Growth Corp's revenue compounded faster (1.2% CAGR vs -33.3%).
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
Core Scientific is a leading digital asset and high-performance computing infrastructure provider. It operates large energy-efficient data centers across North America, offering cryptocurrency mining services, colocation hosting for blockchain and AI clients, and custom high-performance computing solutions for enterprise tech segments.
CGC vs CORZ — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $54.4M | $79.8M |
| Net Profit | $-45.7M | $214.2M |
| Gross Margin | 28.8% | 26.0% |
| Operating Margin | -35.3% | -149.5% |
| Net Margin | -84.0% | 268.5% |
| Revenue YoY | -0.3% | -16.0% |
| Net Profit YoY | 48.6% | 180.6% |
| EPS (diluted) | — | $-1.63 |
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.
| Q4 25 | $54.4M | $79.8M | ||
| Q3 25 | $48.7M | $81.1M | ||
| Q2 25 | $52.7M | $78.6M | ||
| Q1 25 | $47.5M | $79.5M | ||
| Q4 24 | $54.6M | $94.9M | ||
| Q3 24 | $46.0M | $95.4M | ||
| Q2 24 | $48.3M | $141.1M | ||
| Q1 24 | $53.1M | $179.3M |
| Q4 25 | $-45.7M | $214.2M | ||
| Q3 25 | $-1.2M | $-144.0M | ||
| Q2 25 | $-30.3M | $-936.8M | ||
| Q1 25 | — | $576.3M | ||
| Q4 24 | $-89.0M | $-265.5M | ||
| Q3 24 | $-93.7M | $-455.3M | ||
| Q2 24 | $-92.8M | $-902.2M | ||
| Q1 24 | — | $210.7M |
| Q4 25 | 28.8% | 26.0% | ||
| Q3 25 | 32.8% | 4.8% | ||
| Q2 25 | 25.0% | 6.4% | ||
| Q1 25 | 16.2% | 10.3% | ||
| Q4 24 | 32.2% | 5.0% | ||
| Q3 24 | 34.7% | -0.2% | ||
| Q2 24 | 34.8% | 27.5% | ||
| Q1 24 | 21.3% | 43.3% |
| Q4 25 | -35.3% | -149.5% | ||
| Q3 25 | -25.3% | -67.6% | ||
| Q2 25 | -31.4% | -33.4% | ||
| Q1 25 | — | -59.1% | ||
| Q4 24 | -31.9% | -41.9% | ||
| Q3 24 | -72.9% | -43.2% | ||
| Q2 24 | -44.0% | -64.3% | ||
| Q1 24 | — | 30.8% |
| Q4 25 | -84.0% | 268.5% | ||
| Q3 25 | -2.5% | -177.6% | ||
| Q2 25 | -57.6% | -1191.4% | ||
| Q1 25 | — | 724.6% | ||
| Q4 24 | -163.0% | -279.7% | ||
| Q3 24 | -203.7% | -477.4% | ||
| Q2 24 | -192.0% | -639.4% | ||
| Q1 24 | — | 117.5% |
| Q4 25 | — | $-1.63 | ||
| Q3 25 | — | $-0.45 | ||
| Q2 25 | — | $-0.04 | ||
| Q1 25 | — | $1.24 | ||
| Q4 24 | — | $0.51 | ||
| Q3 24 | — | $-1.17 | ||
| Q2 24 | — | $-5.05 | ||
| Q1 24 | — | $0.78 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $271.1M | $311.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $553.5M | $-962.7M |
| Total Assets | $807.5M | $2.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.1M | $311.4M | ||
| Q3 25 | $217.6M | $453.4M | ||
| Q2 25 | $104.8M | $581.3M | ||
| Q1 25 | $96.0M | $697.9M | ||
| Q4 24 | $130.2M | $836.2M | ||
| Q3 24 | $168.8M | $253.0M | ||
| Q2 24 | $142.3M | $96.1M | ||
| Q1 24 | $148.5M | $98.1M |
| Q4 25 | $553.5M | $-962.7M | ||
| Q3 25 | $537.3M | $-1.3B | ||
| Q2 25 | $357.0M | $-1.2B | ||
| Q1 25 | $355.7M | $-308.8M | ||
| Q4 24 | $431.8M | $-943.0M | ||
| Q3 24 | $372.1M | $-826.7M | ||
| Q2 24 | $389.0M | $-1.2B | ||
| Q1 24 | $365.3M | $-318.5M |
| Q4 25 | $807.5M | $2.3B | ||
| Q3 25 | $781.0M | $2.2B | ||
| Q2 25 | $660.4M | $1.9B | ||
| Q1 25 | $669.9M | $1.5B | ||
| Q4 24 | $849.9M | $1.5B | ||
| Q3 24 | $899.6M | $824.6M | ||
| Q2 24 | $938.9M | $664.2M | ||
| Q1 24 | $949.2M | $814.0M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $278.3M |
| Free Cash FlowOCF − Capex | — | $-450.8M |
| FCF MarginFCF / Revenue | — | -565.1% |
| Capex IntensityCapex / Revenue | — | 914.0% |
| Cash ConversionOCF / Net Profit | — | 1.30× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-779.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $278.3M | ||
| Q3 25 | — | $131.8M | ||
| Q2 25 | $-7.5M | $34.0M | ||
| Q1 25 | $-121.0M | $-45.0M | ||
| Q4 24 | — | $42.9M | ||
| Q3 24 | — | $5.7M | ||
| Q2 24 | $-37.8M | $1.2M | ||
| Q1 24 | $-205.8M | $22.2M |
| Q4 25 | — | $-450.8M | ||
| Q3 25 | — | $-112.7M | ||
| Q2 25 | $-8.5M | $-87.3M | ||
| Q1 25 | $-128.9M | $-129.0M | ||
| Q4 24 | — | $-52.1M | ||
| Q3 24 | — | $-25.5M | ||
| Q2 24 | $-40.7M | $-1.9M | ||
| Q1 24 | $-208.3M | $-9.7M |
| Q4 25 | — | -565.1% | ||
| Q3 25 | — | -139.0% | ||
| Q2 25 | -16.1% | -111.0% | ||
| Q1 25 | -271.5% | -162.2% | ||
| Q4 24 | — | -54.8% | ||
| Q3 24 | — | -26.7% | ||
| Q2 24 | -84.1% | -1.4% | ||
| Q1 24 | -392.1% | -5.4% |
| Q4 25 | — | 914.0% | ||
| Q3 25 | — | 301.5% | ||
| Q2 25 | 1.8% | 154.2% | ||
| Q1 25 | 16.6% | 105.6% | ||
| Q4 24 | — | 100.0% | ||
| Q3 24 | — | 32.7% | ||
| Q2 24 | 5.9% | 2.2% | ||
| Q1 24 | 4.7% | 17.8% |
| Q4 25 | — | 1.30× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -0.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CGC
| Other | $24.0M | 44% |
| Canadian Adult Use Cannabis | $22.9M | 42% |
| International Markets Cannabis | $6.2M | 11% |
| Other Geographical Area | $1.2M | 2% |
CORZ
| Other | $36.3M | 46% |
| Digital Asset Self Mining Service | $31.8M | 40% |
| Colocation Service | $11.6M | 15% |
