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Side-by-side financial comparison of Canopy Growth Corp (CGC) and FLYEXCLUSIVE INC. (FLYX). Click either name above to swap in a different company.
FLYEXCLUSIVE INC. is the larger business by last-quarter revenue ($92.1M vs $54.4M, roughly 1.7× Canopy Growth Corp). FLYEXCLUSIVE INC. runs the higher net margin — -4.6% vs -84.0%, a 79.4% gap on every dollar of revenue. On growth, FLYEXCLUSIVE INC. posted the faster year-over-year revenue change (19.8% vs -0.3%). Over the past eight quarters, FLYEXCLUSIVE INC.'s revenue compounded faster (21.9% CAGR vs 1.2%).
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
FLYEXCLUSIVE INC. is a U.S.-headquartered private aviation services provider that offers private jet charter, aircraft management, maintenance repair, and fractional ownership programs. It primarily serves high-net-worth individuals, corporate clients, and government entities across North America, delivering personalized on-demand air travel solutions prioritizing safety and convenience.
CGC vs FLYX — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $54.4M | $92.1M |
| Net Profit | $-45.7M | $-4.3M |
| Gross Margin | 28.8% | 13.7% |
| Operating Margin | -35.3% | -12.3% |
| Net Margin | -84.0% | -4.6% |
| Revenue YoY | -0.3% | 19.8% |
| Net Profit YoY | 48.6% | 32.0% |
| EPS (diluted) | — | $-0.25 |
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 | — | ||
| Q3 25 | $48.7M | $92.1M | ||
| Q2 25 | $52.7M | $91.3M | ||
| Q1 25 | $47.5M | $88.1M | ||
| Q4 24 | $54.6M | — | ||
| Q3 24 | $46.0M | $76.9M | ||
| Q2 24 | $48.3M | $79.0M | ||
| Q1 24 | $53.1M | $80.0M |
| Q4 25 | $-45.7M | — | ||
| Q3 25 | $-1.2M | $-4.3M | ||
| Q2 25 | $-30.3M | $-4.8M | ||
| Q1 25 | — | $-5.4M | ||
| Q4 24 | $-89.0M | — | ||
| Q3 24 | $-93.7M | $-6.3M | ||
| Q2 24 | $-92.8M | $-5.2M | ||
| Q1 24 | — | $-5.8M |
| Q4 25 | 28.8% | — | ||
| Q3 25 | 32.8% | 13.7% | ||
| Q2 25 | 25.0% | 15.0% | ||
| Q1 25 | 16.2% | 12.8% | ||
| Q4 24 | 32.2% | — | ||
| Q3 24 | 34.7% | 11.3% | ||
| Q2 24 | 34.8% | 7.9% | ||
| Q1 24 | 21.3% | 7.2% |
| Q4 25 | -35.3% | — | ||
| Q3 25 | -25.3% | -12.3% | ||
| Q2 25 | -31.4% | -13.5% | ||
| Q1 25 | — | -16.7% | ||
| Q4 24 | -31.9% | — | ||
| Q3 24 | -72.9% | -27.2% | ||
| Q2 24 | -44.0% | -27.6% | ||
| Q1 24 | — | -34.3% |
| Q4 25 | -84.0% | — | ||
| Q3 25 | -2.5% | -4.6% | ||
| Q2 25 | -57.6% | -5.2% | ||
| Q1 25 | — | -6.2% | ||
| Q4 24 | -163.0% | — | ||
| Q3 24 | -203.7% | -8.2% | ||
| Q2 24 | -192.0% | -6.5% | ||
| Q1 24 | — | -7.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | $-0.25 | ||
| Q2 25 | — | $-0.26 | ||
| Q1 25 | — | $-0.30 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-0.32 | ||
| Q2 24 | — | $-0.32 | ||
| Q1 24 | — | $-0.35 |
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 | $18.7M |
| Total DebtLower is stronger | — | $123.9M |
| Stockholders' EquityBook value | $553.5M | $-434.2M |
| Total Assets | $807.5M | $448.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.1M | — | ||
| Q3 25 | $217.6M | $18.7M | ||
| Q2 25 | $104.8M | $15.8M | ||
| Q1 25 | $96.0M | $14.7M | ||
| Q4 24 | $130.2M | — | ||
| Q3 24 | $168.8M | $18.7M | ||
| Q2 24 | $142.3M | $9.3M | ||
| Q1 24 | $148.5M | $5.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | $123.9M | ||
| Q2 25 | — | $111.6M | ||
| Q1 25 | — | $121.6M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $197.9M | ||
| Q2 24 | — | $206.3M | ||
| Q1 24 | — | $209.4M |
| Q4 25 | $553.5M | — | ||
| Q3 25 | $537.3M | $-434.2M | ||
| Q2 25 | $357.0M | $-261.4M | ||
| Q1 25 | $355.7M | $-281.5M | ||
| Q4 24 | $431.8M | — | ||
| Q3 24 | $372.1M | $-192.0M | ||
| Q2 24 | $389.0M | $-149.7M | ||
| Q1 24 | $365.3M | $-149.5M |
| Q4 25 | $807.5M | — | ||
| Q3 25 | $781.0M | $448.1M | ||
| Q2 25 | $660.4M | $443.4M | ||
| Q1 25 | $669.9M | $466.8M | ||
| Q4 24 | $849.9M | — | ||
| Q3 24 | $899.6M | $487.1M | ||
| Q2 24 | $938.9M | $494.7M | ||
| Q1 24 | $949.2M | $524.1M |
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 | — | $-209.0K |
| Free Cash FlowOCF − Capex | — | $-11.0M |
| FCF MarginFCF / Revenue | — | -12.0% |
| Capex IntensityCapex / Revenue | — | 11.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-51.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | $-209.0K | ||
| Q2 25 | $-7.5M | $363.0K | ||
| Q1 25 | $-121.0M | $-10.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-12.3M | ||
| Q2 24 | $-37.8M | $-16.2M | ||
| Q1 24 | $-205.8M | $-26.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | $-11.0M | ||
| Q2 25 | $-8.5M | $353.0K | ||
| Q1 25 | $-128.9M | $-14.6M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-25.7M | ||
| Q2 24 | $-40.7M | $-26.6M | ||
| Q1 24 | $-208.3M | $-64.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | -12.0% | ||
| Q2 25 | -16.1% | 0.4% | ||
| Q1 25 | -271.5% | -16.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -33.5% | ||
| Q2 24 | -84.1% | -33.7% | ||
| Q1 24 | -392.1% | -80.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | 11.7% | ||
| Q2 25 | 1.8% | 0.0% | ||
| Q1 25 | 16.6% | 4.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 17.5% | ||
| Q2 24 | 5.9% | 13.2% | ||
| Q1 24 | 4.7% | 48.2% |
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% |
FLYX
Segment breakdown not available.
