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Side-by-side financial comparison of Canopy Growth Corp (CGC) and First Foundation Inc. (FFWM). Click either name above to swap in a different company.
Canopy Growth Corp is the larger business by last-quarter revenue ($54.4M vs $48.4M, roughly 1.1× First Foundation Inc.). Canopy Growth Corp runs the higher net margin — -84.0% vs -97.9%, a 13.9% gap on every dollar of revenue. On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs -0.3%). Over the past eight quarters, Canopy Growth Corp's revenue compounded faster (1.2% CAGR vs -2.7%).
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.
CGC vs FFWM — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $54.4M | $48.4M |
| Net Profit | $-45.7M | $-8.0M |
| Gross Margin | 28.8% | — |
| Operating Margin | -35.3% | -97.5% |
| Net Margin | -84.0% | -97.9% |
| Revenue YoY | -0.3% | 421.7% |
| Net Profit YoY | 48.6% | 43.0% |
| EPS (diluted) | — | $-0.09 |
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 | $48.4M | ||
| Q3 25 | $48.7M | $63.6M | ||
| Q2 25 | $52.7M | $51.4M | ||
| Q1 25 | $47.5M | $71.4M | ||
| Q4 24 | $54.6M | $9.3M | ||
| Q3 24 | $46.0M | $9.2M | ||
| Q2 24 | $48.3M | $57.5M | ||
| Q1 24 | $53.1M | $51.1M |
| Q4 25 | $-45.7M | $-8.0M | ||
| Q3 25 | $-1.2M | $-146.3M | ||
| Q2 25 | $-30.3M | $-7.7M | ||
| Q1 25 | — | $6.9M | ||
| Q4 24 | $-89.0M | $-14.1M | ||
| Q3 24 | $-93.7M | $-82.2M | ||
| Q2 24 | $-92.8M | $3.1M | ||
| Q1 24 | — | $793.0K |
| Q4 25 | 28.8% | — | ||
| Q3 25 | 32.8% | — | ||
| Q2 25 | 25.0% | — | ||
| Q1 25 | 16.2% | — | ||
| Q4 24 | 32.2% | — | ||
| Q3 24 | 34.7% | — | ||
| Q2 24 | 34.8% | — | ||
| Q1 24 | 21.3% | — |
| Q4 25 | -35.3% | -97.5% | ||
| Q3 25 | -25.3% | -92.7% | ||
| Q2 25 | -31.4% | -21.1% | ||
| Q1 25 | — | 8.8% | ||
| Q4 24 | -31.9% | -247.7% | ||
| Q3 24 | -72.9% | -1276.7% | ||
| Q2 24 | -44.0% | 4.6% | ||
| Q1 24 | — | -0.2% |
| Q4 25 | -84.0% | -97.9% | ||
| Q3 25 | -2.5% | -230.1% | ||
| Q2 25 | -57.6% | -15.0% | ||
| Q1 25 | — | 9.7% | ||
| Q4 24 | -163.0% | -152.2% | ||
| Q3 24 | -203.7% | -896.9% | ||
| Q2 24 | -192.0% | 5.4% | ||
| Q1 24 | — | 1.6% |
| Q4 25 | — | $-0.09 | ||
| Q3 25 | — | $-1.78 | ||
| Q2 25 | — | $-0.09 | ||
| Q1 25 | — | $0.08 | ||
| Q4 24 | — | $-0.24 | ||
| Q3 24 | — | $-1.23 | ||
| Q2 24 | — | $0.05 | ||
| Q1 24 | — | $0.01 |
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 | $1.6B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $553.5M | $912.6M |
| Total Assets | $807.5M | $11.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.1M | $1.6B | ||
| Q3 25 | $217.6M | $1.7B | ||
| Q2 25 | $104.8M | $1.1B | ||
| Q1 25 | $96.0M | $1.0B | ||
| Q4 24 | $130.2M | $1.0B | ||
| Q3 24 | $168.8M | $1.1B | ||
| Q2 24 | $142.3M | $1.4B | ||
| Q1 24 | $148.5M | $1.6B |
| Q4 25 | $553.5M | $912.6M | ||
| Q3 25 | $537.3M | $917.9M | ||
| Q2 25 | $357.0M | $1.1B | ||
| Q1 25 | $355.7M | $1.1B | ||
| Q4 24 | $431.8M | $1.1B | ||
| Q3 24 | $372.1M | $1.1B | ||
| Q2 24 | $389.0M | $933.2M | ||
| Q1 24 | $365.3M | $928.7M |
| Q4 25 | $807.5M | $11.9B | ||
| Q3 25 | $781.0M | $11.9B | ||
| Q2 25 | $660.4M | $11.6B | ||
| Q1 25 | $669.9M | $12.6B | ||
| Q4 24 | $849.9M | $12.6B | ||
| Q3 24 | $899.6M | $13.4B | ||
| Q2 24 | $938.9M | $13.7B | ||
| Q1 24 | $949.2M | $13.6B |
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 | — | $-31.9M |
| Free Cash FlowOCF − Capex | — | $-35.2M |
| FCF MarginFCF / Revenue | — | -72.8% |
| Capex IntensityCapex / Revenue | — | 6.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-45.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-31.9M | ||
| Q3 25 | — | $9.2M | ||
| Q2 25 | $-7.5M | $-16.3M | ||
| Q1 25 | $-121.0M | $-552.0K | ||
| Q4 24 | — | $-8.7M | ||
| Q3 24 | — | $14.2M | ||
| Q2 24 | $-37.8M | $-9.1M | ||
| Q1 24 | $-205.8M | $7.2M |
| Q4 25 | — | $-35.2M | ||
| Q3 25 | — | $8.6M | ||
| Q2 25 | $-8.5M | $-16.7M | ||
| Q1 25 | $-128.9M | $-2.5M | ||
| Q4 24 | — | $-11.4M | ||
| Q3 24 | — | $13.4M | ||
| Q2 24 | $-40.7M | $-9.4M | ||
| Q1 24 | $-208.3M | $5.9M |
| Q4 25 | — | -72.8% | ||
| Q3 25 | — | 13.5% | ||
| Q2 25 | -16.1% | -32.4% | ||
| Q1 25 | -271.5% | -3.5% | ||
| Q4 24 | — | -123.5% | ||
| Q3 24 | — | 146.2% | ||
| Q2 24 | -84.1% | -16.3% | ||
| Q1 24 | -392.1% | 11.6% |
| Q4 25 | — | 6.9% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | 1.8% | 0.8% | ||
| Q1 25 | 16.6% | 2.8% | ||
| Q4 24 | — | 29.4% | ||
| Q3 24 | — | 9.0% | ||
| Q2 24 | 5.9% | 0.4% | ||
| Q1 24 | 4.7% | 2.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -0.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -2.96× | ||
| Q1 24 | — | 9.09× |
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% |
FFWM
Segment breakdown not available.
