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Side-by-side financial comparison of Canopy Growth Corp (CGC) and CARRIAGE SERVICES INC (CSV). Click either name above to swap in a different company.
CARRIAGE SERVICES INC is the larger business by last-quarter revenue ($105.5M vs $54.4M, roughly 1.9× Canopy Growth Corp). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs -84.0%, a 95.7% gap on every dollar of revenue. On growth, CARRIAGE SERVICES INC posted the faster year-over-year revenue change (8.0% vs -0.3%). Over the past eight quarters, Canopy Growth Corp's revenue compounded faster (1.2% CAGR vs 1.0%).
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
Jardine Cycle & Carriage Limited is the investment holding company of Jardines in Southeast Asia. It is currently 75% held by the conglomerate.
CGC vs CSV — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $54.4M | $105.5M |
| Net Profit | $-45.7M | $12.3M |
| Gross Margin | 28.8% | 34.8% |
| Operating Margin | -35.3% | 23.3% |
| Net Margin | -84.0% | 11.6% |
| Revenue YoY | -0.3% | 8.0% |
| Net Profit YoY | 48.6% | 24.5% |
| EPS (diluted) | — | $0.76 |
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 | $105.5M | ||
| Q3 25 | $48.7M | $102.7M | ||
| Q2 25 | $52.7M | $102.1M | ||
| Q1 25 | $47.5M | $107.1M | ||
| Q4 24 | $54.6M | $97.7M | ||
| Q3 24 | $46.0M | $100.7M | ||
| Q2 24 | $48.3M | $102.3M | ||
| Q1 24 | $53.1M | $103.5M |
| Q4 25 | $-45.7M | $12.3M | ||
| Q3 25 | $-1.2M | $6.6M | ||
| Q2 25 | $-30.3M | $11.7M | ||
| Q1 25 | — | $20.9M | ||
| Q4 24 | $-89.0M | $9.9M | ||
| Q3 24 | $-93.7M | $9.9M | ||
| Q2 24 | $-92.8M | $6.3M | ||
| Q1 24 | — | $7.0M |
| Q4 25 | 28.8% | 34.8% | ||
| Q3 25 | 32.8% | 35.3% | ||
| Q2 25 | 25.0% | 35.2% | ||
| Q1 25 | 16.2% | 35.3% | ||
| Q4 24 | 32.2% | 34.4% | ||
| Q3 24 | 34.7% | 35.2% | ||
| Q2 24 | 34.8% | 36.2% | ||
| Q1 24 | 21.3% | 36.0% |
| Q4 25 | -35.3% | 23.3% | ||
| Q3 25 | -25.3% | 17.0% | ||
| Q2 25 | -31.4% | 23.5% | ||
| Q1 25 | — | 29.5% | ||
| Q4 24 | -31.9% | 21.6% | ||
| Q3 24 | -72.9% | 22.7% | ||
| Q2 24 | -44.0% | 18.0% | ||
| Q1 24 | — | 18.8% |
| Q4 25 | -84.0% | 11.6% | ||
| Q3 25 | -2.5% | 6.4% | ||
| Q2 25 | -57.6% | 11.5% | ||
| Q1 25 | — | 19.5% | ||
| Q4 24 | -163.0% | 10.1% | ||
| Q3 24 | -203.7% | 9.8% | ||
| Q2 24 | -192.0% | 6.1% | ||
| Q1 24 | — | 6.7% |
| Q4 25 | — | $0.76 | ||
| Q3 25 | — | $0.41 | ||
| Q2 25 | — | $0.74 | ||
| Q1 25 | — | $1.34 | ||
| Q4 24 | — | $0.62 | ||
| Q3 24 | — | $0.63 | ||
| Q2 24 | — | $0.40 | ||
| Q1 24 | — | $0.45 |
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 | $1.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $553.5M | $254.8M |
| Total Assets | $807.5M | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.1M | $1.7M | ||
| Q3 25 | $217.6M | $1.2M | ||
| Q2 25 | $104.8M | $1.4M | ||
| Q1 25 | $96.0M | $4.6M | ||
| Q4 24 | $130.2M | $1.2M | ||
| Q3 24 | $168.8M | $1.3M | ||
| Q2 24 | $142.3M | $1.5M | ||
| Q1 24 | $148.5M | $1.7M |
| Q4 25 | $553.5M | $254.8M | ||
| Q3 25 | $537.3M | $242.1M | ||
| Q2 25 | $357.0M | $235.4M | ||
| Q1 25 | $355.7M | $223.1M | ||
| Q4 24 | $431.8M | $208.6M | ||
| Q3 24 | $372.1M | $198.1M | ||
| Q2 24 | $389.0M | $187.9M | ||
| Q1 24 | $365.3M | $179.6M |
| Q4 25 | $807.5M | $1.3B | ||
| Q3 25 | $781.0M | $1.3B | ||
| Q2 25 | $660.4M | $1.3B | ||
| Q1 25 | $669.9M | $1.3B | ||
| Q4 24 | $849.9M | $1.3B | ||
| Q3 24 | $899.6M | $1.3B | ||
| Q2 24 | $938.9M | $1.3B | ||
| Q1 24 | $949.2M | $1.3B |
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 | — | $14.1M |
| Free Cash FlowOCF − Capex | — | $6.2M |
| FCF MarginFCF / Revenue | — | 5.9% |
| Capex IntensityCapex / Revenue | — | 7.5% |
| Cash ConversionOCF / Net Profit | — | 1.15× |
| TTM Free Cash FlowTrailing 4 quarters | — | $40.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $14.1M | ||
| Q3 25 | — | $24.7M | ||
| Q2 25 | $-7.5M | $8.1M | ||
| Q1 25 | $-121.0M | $13.8M | ||
| Q4 24 | — | $9.3M | ||
| Q3 24 | — | $20.9M | ||
| Q2 24 | $-37.8M | $2.2M | ||
| Q1 24 | $-205.8M | $19.7M |
| Q4 25 | — | $6.2M | ||
| Q3 25 | — | $18.0M | ||
| Q2 25 | $-8.5M | $5.2M | ||
| Q1 25 | $-128.9M | $10.6M | ||
| Q4 24 | — | $4.9M | ||
| Q3 24 | — | $16.2M | ||
| Q2 24 | $-40.7M | $-1.4M | ||
| Q1 24 | $-208.3M | $16.2M |
| Q4 25 | — | 5.9% | ||
| Q3 25 | — | 17.5% | ||
| Q2 25 | -16.1% | 5.1% | ||
| Q1 25 | -271.5% | 9.9% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | — | 16.1% | ||
| Q2 24 | -84.1% | -1.4% | ||
| Q1 24 | -392.1% | 15.6% |
| Q4 25 | — | 7.5% | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | 1.8% | 2.8% | ||
| Q1 25 | 16.6% | 3.0% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | — | 4.6% | ||
| Q2 24 | 5.9% | 3.5% | ||
| Q1 24 | 4.7% | 3.4% |
| Q4 25 | — | 1.15× | ||
| Q3 25 | — | 3.76× | ||
| Q2 25 | — | 0.69× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.94× | ||
| Q3 24 | — | 2.11× | ||
| Q2 24 | — | 0.34× | ||
| Q1 24 | — | 2.83× |
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% |
CSV
| Propertyand Merchandise | $47.8M | 45% |
| Cemetery Interment Rights | $24.8M | 23% |
| Merchandise | $18.9M | 18% |
| Other Revenue | $10.2M | 10% |
| Other | $3.9M | 4% |
