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Side-by-side financial comparison of Canopy Growth Corp (CGC) and Envela Corp (ELA). Click either name above to swap in a different company.
Envela Corp is the larger business by last-quarter revenue ($80.5M vs $54.4M, roughly 1.5× Canopy Growth Corp). Envela Corp runs the higher net margin — 7.4% vs -84.0%, a 91.5% gap on every dollar of revenue. On growth, Envela Corp posted the faster year-over-year revenue change (66.6% vs -0.3%). Over the past eight quarters, Envela Corp's revenue compounded faster (42.1% CAGR vs 1.2%).
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
Envela Corporation is a U.S.-based company that provides recommerce services aimed at extending product lifecycles and reducing resource consumption. The company operates through two primary segments: consumer and commercial.
CGC vs ELA — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $54.4M | $80.5M |
| Net Profit | $-45.7M | $6.0M |
| Gross Margin | 28.8% | 20.5% |
| Operating Margin | -35.3% | 9.4% |
| Net Margin | -84.0% | 7.4% |
| Revenue YoY | -0.3% | 66.6% |
| Net Profit YoY | 48.6% | 274.6% |
| EPS (diluted) | — | $0.22 |
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 | $80.5M | ||
| Q3 25 | $48.7M | $57.4M | ||
| Q2 25 | $52.7M | $54.9M | ||
| Q1 25 | $47.5M | $48.3M | ||
| Q4 24 | $54.6M | $48.3M | ||
| Q3 24 | $46.0M | $46.9M | ||
| Q2 24 | $48.3M | $45.3M | ||
| Q1 24 | $53.1M | $39.9M |
| Q4 25 | $-45.7M | $6.0M | ||
| Q3 25 | $-1.2M | $3.4M | ||
| Q2 25 | $-30.3M | $2.8M | ||
| Q1 25 | — | $2.5M | ||
| Q4 24 | $-89.0M | $1.6M | ||
| Q3 24 | $-93.7M | $1.7M | ||
| Q2 24 | $-92.8M | $1.6M | ||
| Q1 24 | — | $1.9M |
| Q4 25 | 28.8% | 20.5% | ||
| Q3 25 | 32.8% | 22.8% | ||
| Q2 25 | 25.0% | 22.6% | ||
| Q1 25 | 16.2% | 24.8% | ||
| Q4 24 | 32.2% | 23.1% | ||
| Q3 24 | 34.7% | 24.4% | ||
| Q2 24 | 34.8% | 25.1% | ||
| Q1 24 | 21.3% | 25.9% |
| Q4 25 | -35.3% | 9.4% | ||
| Q3 25 | -25.3% | 7.3% | ||
| Q2 25 | -31.4% | 5.9% | ||
| Q1 25 | — | 6.5% | ||
| Q4 24 | -31.9% | 3.9% | ||
| Q3 24 | -72.9% | 4.3% | ||
| Q2 24 | -44.0% | 4.2% | ||
| Q1 24 | — | 5.9% |
| Q4 25 | -84.0% | 7.4% | ||
| Q3 25 | -2.5% | 5.8% | ||
| Q2 25 | -57.6% | 5.0% | ||
| Q1 25 | — | 5.2% | ||
| Q4 24 | -163.0% | 3.3% | ||
| Q3 24 | -203.7% | 3.6% | ||
| Q2 24 | -192.0% | 3.5% | ||
| Q1 24 | — | 4.8% |
| Q4 25 | — | $0.22 | ||
| Q3 25 | — | $0.13 | ||
| Q2 25 | — | $0.11 | ||
| Q1 25 | — | $0.10 | ||
| Q4 24 | — | $0.07 | ||
| Q3 24 | — | $0.06 | ||
| Q2 24 | — | $0.06 | ||
| Q1 24 | — | $0.07 |
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 | — |
| Total DebtLower is stronger | — | $9.9M |
| Stockholders' EquityBook value | $553.5M | $67.1M |
| Total Assets | $807.5M | $96.0M |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.1M | — | ||
| Q3 25 | $217.6M | — | ||
| Q2 25 | $104.8M | — | ||
| Q1 25 | $96.0M | — | ||
| Q4 24 | $130.2M | — | ||
| Q3 24 | $168.8M | — | ||
| Q2 24 | $142.3M | — | ||
| Q1 24 | $148.5M | $19.8M |
| Q4 25 | — | $9.9M | ||
| Q3 25 | — | $12.5M | ||
| Q2 25 | — | $13.0M | ||
| Q1 25 | — | $13.2M | ||
| Q4 24 | — | $13.5M | ||
| Q3 24 | — | $13.8M | ||
| Q2 24 | — | $14.3M | ||
| Q1 24 | — | $14.6M |
| Q4 25 | $553.5M | $67.1M | ||
| Q3 25 | $537.3M | $61.1M | ||
| Q2 25 | $357.0M | $57.8M | ||
| Q1 25 | $355.7M | $55.1M | ||
| Q4 24 | $431.8M | $52.7M | ||
| Q3 24 | $372.1M | $51.1M | ||
| Q2 24 | $389.0M | $50.2M | ||
| Q1 24 | $365.3M | $49.3M |
| Q4 25 | $807.5M | $96.0M | ||
| Q3 25 | $781.0M | $90.9M | ||
| Q2 25 | $660.4M | $82.7M | ||
| Q1 25 | $669.9M | $79.7M | ||
| Q4 24 | $849.9M | $77.9M | ||
| Q3 24 | $899.6M | $77.4M | ||
| Q2 24 | $938.9M | $73.8M | ||
| Q1 24 | $949.2M | $74.7M |
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.20× | ||
| Q2 25 | — | 0.23× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× | ||
| Q1 24 | — | 0.30× |
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 | — | $-3.5M |
| Free Cash FlowOCF − Capex | — | $-3.7M |
| FCF MarginFCF / Revenue | — | -4.6% |
| Capex IntensityCapex / Revenue | — | 0.2% |
| Cash ConversionOCF / Net Profit | — | -0.59× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-3.5M | ||
| Q3 25 | — | $2.4M | ||
| Q2 25 | $-7.5M | $2.6M | ||
| Q1 25 | $-121.0M | $1.1M | ||
| Q4 24 | — | $3.7M | ||
| Q3 24 | — | $3.4M | ||
| Q2 24 | $-37.8M | $-789.5K | ||
| Q1 24 | $-205.8M | $3.8M |
| Q4 25 | — | $-3.7M | ||
| Q3 25 | — | $2.2M | ||
| Q2 25 | $-8.5M | $2.1M | ||
| Q1 25 | $-128.9M | $746.6K | ||
| Q4 24 | — | $3.2M | ||
| Q3 24 | — | $1.5M | ||
| Q2 24 | $-40.7M | $-1.3M | ||
| Q1 24 | $-208.3M | $3.3M |
| Q4 25 | — | -4.6% | ||
| Q3 25 | — | 3.8% | ||
| Q2 25 | -16.1% | 3.9% | ||
| Q1 25 | -271.5% | 1.5% | ||
| Q4 24 | — | 6.7% | ||
| Q3 24 | — | 3.1% | ||
| Q2 24 | -84.1% | -2.9% | ||
| Q1 24 | -392.1% | 8.4% |
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | 1.8% | 0.8% | ||
| Q1 25 | 16.6% | 0.8% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 4.2% | ||
| Q2 24 | 5.9% | 1.1% | ||
| Q1 24 | 4.7% | 1.1% |
| Q4 25 | — | -0.59× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 0.94× | ||
| Q1 25 | — | 0.45× | ||
| Q4 24 | — | 2.34× | ||
| Q3 24 | — | 2.05× | ||
| Q2 24 | — | -0.50× | ||
| Q1 24 | — | 1.99× |
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% |
ELA
| Consumer Segment | $67.7M | 84% |
| Commercial Segment | $12.8M | 16% |
