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Side-by-side financial comparison of Canopy Growth Corp (CGC) and FIRST MID BANCSHARES, INC. (FMBH). Click either name above to swap in a different company.
FIRST MID BANCSHARES, INC. is the larger business by last-quarter revenue ($88.2M vs $54.4M, roughly 1.6× Canopy Growth Corp). FIRST MID BANCSHARES, INC. runs the higher net margin — 26.8% vs -84.0%, a 110.9% gap on every dollar of revenue. On growth, FIRST MID BANCSHARES, INC. posted the faster year-over-year revenue change (3.4% vs -0.3%). Over the past eight quarters, FIRST MID BANCSHARES, INC.'s revenue compounded faster (5.0% CAGR vs 1.2%).
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
First Mid Bancshares Inc. is a U.S.-headquartered regional financial services holding company. It provides full-range retail and commercial banking products, wealth management, insurance solutions, and agricultural financing, mainly serving individual consumers, small and medium-sized enterprises, and agricultural clients across multiple Midwestern states including Illinois, Missouri, and Indiana.
CGC vs FMBH — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $54.4M | $88.2M |
| Net Profit | $-45.7M | $23.7M |
| Gross Margin | 28.8% | — |
| Operating Margin | -35.3% | 34.0% |
| Net Margin | -84.0% | 26.8% |
| Revenue YoY | -0.3% | 3.4% |
| Net Profit YoY | 48.6% | 23.5% |
| EPS (diluted) | — | $0.98 |
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 | $88.2M | ||
| Q3 25 | $48.7M | $89.3M | ||
| Q2 25 | $52.7M | $87.5M | ||
| Q1 25 | $47.5M | $84.3M | ||
| Q4 24 | $54.6M | $85.3M | ||
| Q3 24 | $46.0M | $80.6M | ||
| Q2 24 | $48.3M | $79.2M | ||
| Q1 24 | $53.1M | $79.9M |
| Q4 25 | $-45.7M | $23.7M | ||
| Q3 25 | $-1.2M | $22.5M | ||
| Q2 25 | $-30.3M | $23.4M | ||
| Q1 25 | — | $22.2M | ||
| Q4 24 | $-89.0M | $19.2M | ||
| Q3 24 | $-93.7M | $19.5M | ||
| Q2 24 | $-92.8M | $19.7M | ||
| Q1 24 | — | $20.5M |
| 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% | 34.0% | ||
| Q3 25 | -25.3% | 32.2% | ||
| Q2 25 | -31.4% | 34.4% | ||
| Q1 25 | — | 33.4% | ||
| Q4 24 | -31.9% | 29.7% | ||
| Q3 24 | -72.9% | 31.5% | ||
| Q2 24 | -44.0% | 33.7% | ||
| Q1 24 | — | 33.7% |
| Q4 25 | -84.0% | 26.8% | ||
| Q3 25 | -2.5% | 25.2% | ||
| Q2 25 | -57.6% | 26.8% | ||
| Q1 25 | — | 26.3% | ||
| Q4 24 | -163.0% | 22.5% | ||
| Q3 24 | -203.7% | 24.2% | ||
| Q2 24 | -192.0% | 24.9% | ||
| Q1 24 | — | 25.6% |
| Q4 25 | — | $0.98 | ||
| Q3 25 | — | $0.94 | ||
| Q2 25 | — | $0.98 | ||
| Q1 25 | — | $0.93 | ||
| Q4 24 | — | $0.81 | ||
| Q3 24 | — | $0.81 | ||
| Q2 24 | — | $0.82 | ||
| Q1 24 | — | $0.86 |
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 | — | $354.5M |
| Stockholders' EquityBook value | $553.5M | $958.7M |
| Total Assets | $807.5M | $8.0B |
| Debt / EquityLower = less leverage | — | 0.37× |
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 | — |
| Q4 25 | — | $354.5M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $553.5M | $958.7M | ||
| Q3 25 | $537.3M | $932.2M | ||
| Q2 25 | $357.0M | $894.1M | ||
| Q1 25 | $355.7M | $870.9M | ||
| Q4 24 | $431.8M | $846.4M | ||
| Q3 24 | $372.1M | $858.5M | ||
| Q2 24 | $389.0M | $813.6M | ||
| Q1 24 | $365.3M | $798.0M |
| Q4 25 | $807.5M | $8.0B | ||
| Q3 25 | $781.0M | $7.8B | ||
| Q2 25 | $660.4M | $7.7B | ||
| Q1 25 | $669.9M | $7.6B | ||
| Q4 24 | $849.9M | $7.5B | ||
| Q3 24 | $899.6M | $7.6B | ||
| Q2 24 | $938.9M | $7.6B | ||
| Q1 24 | $949.2M | $7.7B |
| Q4 25 | — | 0.37× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | — | $130.9M |
| Free Cash FlowOCF − Capex | — | $124.0M |
| FCF MarginFCF / Revenue | — | 140.6% |
| Capex IntensityCapex / Revenue | — | 7.8% |
| Cash ConversionOCF / Net Profit | — | 5.53× |
| TTM Free Cash FlowTrailing 4 quarters | — | $207.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $130.9M | ||
| Q3 25 | — | $33.0M | ||
| Q2 25 | $-7.5M | $7.7M | ||
| Q1 25 | $-121.0M | $47.9M | ||
| Q4 24 | — | $124.4M | ||
| Q3 24 | — | $33.1M | ||
| Q2 24 | $-37.8M | $24.0M | ||
| Q1 24 | $-205.8M | $29.0M |
| Q4 25 | — | $124.0M | ||
| Q3 25 | — | $31.9M | ||
| Q2 25 | $-8.5M | $6.0M | ||
| Q1 25 | $-128.9M | $46.0M | ||
| Q4 24 | — | $119.5M | ||
| Q3 24 | — | $32.0M | ||
| Q2 24 | $-40.7M | $22.9M | ||
| Q1 24 | $-208.3M | $27.6M |
| Q4 25 | — | 140.6% | ||
| Q3 25 | — | 35.8% | ||
| Q2 25 | -16.1% | 6.8% | ||
| Q1 25 | -271.5% | 54.5% | ||
| Q4 24 | — | 140.0% | ||
| Q3 24 | — | 39.7% | ||
| Q2 24 | -84.1% | 28.9% | ||
| Q1 24 | -392.1% | 34.5% |
| Q4 25 | — | 7.8% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | 1.8% | 2.0% | ||
| Q1 25 | 16.6% | 2.3% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | 1.4% | ||
| Q2 24 | 5.9% | 1.4% | ||
| Q1 24 | 4.7% | 1.9% |
| Q4 25 | — | 5.53× | ||
| Q3 25 | — | 1.47× | ||
| Q2 25 | — | 0.33× | ||
| Q1 25 | — | 2.16× | ||
| Q4 24 | — | 6.49× | ||
| Q3 24 | — | 1.70× | ||
| Q2 24 | — | 1.21× | ||
| Q1 24 | — | 1.42× |
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% |
FMBH
Segment breakdown not available.
