vs
Side-by-side financial comparison of Canopy Growth Corp (CGC) and FGI Industries Ltd. (FGI). Click either name above to swap in a different company.
Canopy Growth Corp is the larger business by last-quarter revenue ($54.4M vs $30.5M, roughly 1.8× FGI Industries Ltd.). FGI Industries Ltd. runs the higher net margin — -8.6% vs -84.0%, a 75.4% gap on every dollar of revenue. On growth, Canopy Growth Corp posted the faster year-over-year revenue change (-0.3% vs -14.4%). Over the past eight quarters, Canopy Growth Corp's revenue compounded faster (1.2% CAGR vs -0.5%).
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
FGI Industries Ltd is a global designer, manufacturer and distributor of kitchen and bath products, home organization solutions, and home improvement goods. It serves major retail chains, home specialty stores and e-commerce platforms across North America, Europe and the Asia-Pacific region.
CGC vs FGI — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $54.4M | $30.5M |
| Net Profit | $-45.7M | $-2.6M |
| Gross Margin | 28.8% | 26.7% |
| Operating Margin | -35.3% | -2.2% |
| Net Margin | -84.0% | -8.6% |
| Revenue YoY | -0.3% | -14.4% |
| Net Profit YoY | 48.6% | -553.1% |
| 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 | $30.5M | ||
| Q3 25 | $48.7M | $35.8M | ||
| Q2 25 | $52.7M | $31.0M | ||
| Q1 25 | $47.5M | $33.2M | ||
| Q4 24 | $54.6M | $35.6M | ||
| Q3 24 | $46.0M | $36.1M | ||
| Q2 24 | $48.3M | $29.4M | ||
| Q1 24 | $53.1M | $30.8M |
| Q4 25 | $-45.7M | $-2.6M | ||
| Q3 25 | $-1.2M | $-1.7M | ||
| Q2 25 | $-30.3M | $-1.2M | ||
| Q1 25 | — | $-629.1K | ||
| Q4 24 | $-89.0M | $-402.3K | ||
| Q3 24 | $-93.7M | $-550.1K | ||
| Q2 24 | $-92.8M | $163.6K | ||
| Q1 24 | — | $-412.2K |
| Q4 25 | 28.8% | 26.7% | ||
| Q3 25 | 32.8% | 26.5% | ||
| Q2 25 | 25.0% | 28.1% | ||
| Q1 25 | 16.2% | 26.8% | ||
| Q4 24 | 32.2% | 24.6% | ||
| Q3 24 | 34.7% | 25.8% | ||
| Q2 24 | 34.8% | 30.5% | ||
| Q1 24 | 21.3% | 27.4% |
| Q4 25 | -35.3% | -2.2% | ||
| Q3 25 | -25.3% | 1.0% | ||
| Q2 25 | -31.4% | -2.7% | ||
| Q1 25 | — | -3.9% | ||
| Q4 24 | -31.9% | -3.5% | ||
| Q3 24 | -72.9% | -0.2% | ||
| Q2 24 | -44.0% | -1.5% | ||
| Q1 24 | — | -1.0% |
| Q4 25 | -84.0% | -8.6% | ||
| Q3 25 | -2.5% | -4.6% | ||
| Q2 25 | -57.6% | -4.0% | ||
| Q1 25 | — | -1.9% | ||
| Q4 24 | -163.0% | -1.1% | ||
| Q3 24 | -203.7% | -1.5% | ||
| Q2 24 | -192.0% | 0.6% | ||
| Q1 24 | — | -1.3% |
| Q4 25 | — | $-1.63 | ||
| Q3 25 | — | $-0.86 | ||
| Q2 25 | — | $-0.64 | ||
| Q1 25 | — | $-0.07 | ||
| Q4 24 | — | $-0.38 | ||
| Q3 24 | — | $-0.29 | ||
| Q2 24 | — | $0.08 | ||
| Q1 24 | — | $-0.04 |
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 | $1.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $553.5M | $17.3M |
| Total Assets | $807.5M | $69.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.1M | $1.9M | ||
| Q3 25 | $217.6M | $1.9M | ||
| Q2 25 | $104.8M | $2.5M | ||
| Q1 25 | $96.0M | $1.2M | ||
| Q4 24 | $130.2M | $4.6M | ||
| Q3 24 | $168.8M | $3.0M | ||
| Q2 24 | $142.3M | $1.3M | ||
| Q1 24 | $148.5M | $3.3M |
| Q4 25 | $553.5M | $17.3M | ||
| Q3 25 | $537.3M | $19.7M | ||
| Q2 25 | $357.0M | $21.3M | ||
| Q1 25 | $355.7M | $21.8M | ||
| Q4 24 | $431.8M | $22.3M | ||
| Q3 24 | $372.1M | $23.5M | ||
| Q2 24 | $389.0M | $23.8M | ||
| Q1 24 | $365.3M | $23.9M |
| Q4 25 | $807.5M | $69.5M | ||
| Q3 25 | $781.0M | $73.0M | ||
| Q2 25 | $660.4M | $71.7M | ||
| Q1 25 | $669.9M | $68.5M | ||
| Q4 24 | $849.9M | $75.5M | ||
| Q3 24 | $899.6M | $74.7M | ||
| Q2 24 | $938.9M | $69.9M | ||
| Q1 24 | $949.2M | $68.6M |
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 | — | $2.3M |
| Free Cash FlowOCF − Capex | — | $2.3M |
| FCF MarginFCF / Revenue | — | 7.5% |
| Capex IntensityCapex / Revenue | — | 0.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-212.5K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $2.3M | ||
| Q3 25 | — | $-1.9M | ||
| Q2 25 | $-7.5M | $7.6M | ||
| Q1 25 | $-121.0M | $-7.4M | ||
| Q4 24 | — | $617.4K | ||
| Q3 24 | — | $-915.0K | ||
| Q2 24 | $-37.8M | $862.1K | ||
| Q1 24 | $-205.8M | $-8.0M |
| Q4 25 | — | $2.3M | ||
| Q3 25 | — | $-2.1M | ||
| Q2 25 | $-8.5M | $7.4M | ||
| Q1 25 | $-128.9M | $-7.7M | ||
| Q4 24 | — | $-214.1K | ||
| Q3 24 | — | $-1.1M | ||
| Q2 24 | $-40.7M | $281.5K | ||
| Q1 24 | $-208.3M | $-8.6M |
| Q4 25 | — | 7.5% | ||
| Q3 25 | — | -5.9% | ||
| Q2 25 | -16.1% | 23.8% | ||
| Q1 25 | -271.5% | -23.3% | ||
| Q4 24 | — | -0.6% | ||
| Q3 24 | — | -3.0% | ||
| Q2 24 | -84.1% | 1.0% | ||
| Q1 24 | -392.1% | -28.0% |
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | 1.8% | 0.7% | ||
| Q1 25 | 16.6% | 1.1% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | 5.9% | 2.0% | ||
| Q1 24 | 4.7% | 2.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 5.27× | ||
| Q1 24 | — | — |
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% |
FGI
| Sanitaryware | $19.1M | 63% |
| Shower System | $5.8M | 19% |
| Kitchen And Bath Other | $3.3M | 11% |
| Bath Furniture Products | $2.3M | 7% |
