vs
Side-by-side financial comparison of Canopy Growth Corp (CGC) and FARMERS NATIONAL BANC CORP (FMNB). Click either name above to swap in a different company.
FARMERS NATIONAL BANC CORP is the larger business by last-quarter revenue ($71.5M vs $54.4M, roughly 1.3× Canopy Growth Corp). FARMERS NATIONAL BANC CORP runs the higher net margin — 20.5% vs -84.0%, a 104.5% gap on every dollar of revenue. On growth, FARMERS NATIONAL BANC CORP posted the faster year-over-year revenue change (3.2% vs -0.3%). Over the past eight quarters, FARMERS NATIONAL BANC CORP's revenue compounded faster (6.2% CAGR vs 1.2%).
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
Farmers National Banc Corp (OH) is a regional financial holding company based in Ohio, the United States. It offers full-spectrum retail and commercial banking products, wealth management solutions, and insurance services, primarily catering to individual consumers, small and medium-sized enterprises, and local community clients in Ohio and adjacent Midwestern U.S. regions.
CGC vs FMNB — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $54.4M | $71.5M |
| Net Profit | $-45.7M | $14.6M |
| Gross Margin | 28.8% | — |
| Operating Margin | -35.3% | 24.8% |
| Net Margin | -84.0% | 20.5% |
| Revenue YoY | -0.3% | 3.2% |
| Net Profit YoY | 48.6% | 1.7% |
| EPS (diluted) | — | $0.39 |
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 | $71.5M | ||
| Q3 25 | $48.7M | $70.8M | ||
| Q2 25 | $52.7M | $69.8M | ||
| Q1 25 | $47.5M | $67.8M | ||
| Q4 24 | $54.6M | $69.3M | ||
| Q3 24 | $46.0M | $70.3M | ||
| Q2 24 | $48.3M | $66.5M | ||
| Q1 24 | $53.1M | $63.4M |
| Q4 25 | $-45.7M | $14.6M | ||
| Q3 25 | $-1.2M | $12.5M | ||
| Q2 25 | $-30.3M | $13.9M | ||
| Q1 25 | — | $13.6M | ||
| Q4 24 | $-89.0M | $14.4M | ||
| Q3 24 | $-93.7M | $8.5M | ||
| Q2 24 | $-92.8M | $11.8M | ||
| Q1 24 | — | $11.2M |
| 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% | 24.8% | ||
| Q3 25 | -25.3% | 20.7% | ||
| Q2 25 | -31.4% | 23.4% | ||
| Q1 25 | — | 24.1% | ||
| Q4 24 | -31.9% | 25.5% | ||
| Q3 24 | -72.9% | 14.4% | ||
| Q2 24 | -44.0% | 21.3% | ||
| Q1 24 | — | 21.2% |
| Q4 25 | -84.0% | 20.5% | ||
| Q3 25 | -2.5% | 17.6% | ||
| Q2 25 | -57.6% | 19.9% | ||
| Q1 25 | — | 20.0% | ||
| Q4 24 | -163.0% | 20.8% | ||
| Q3 24 | -203.7% | 12.1% | ||
| Q2 24 | -192.0% | 17.7% | ||
| Q1 24 | — | 17.7% |
| Q4 25 | — | $0.39 | ||
| Q3 25 | — | $0.33 | ||
| Q2 25 | — | $0.37 | ||
| Q1 25 | — | $0.36 | ||
| Q4 24 | — | $0.38 | ||
| Q3 24 | — | $0.23 | ||
| Q2 24 | — | $0.31 | ||
| Q1 24 | — | $0.30 |
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 | — | $86.7M |
| Stockholders' EquityBook value | $553.5M | $485.7M |
| Total Assets | $807.5M | $5.2B |
| Debt / EquityLower = less leverage | — | 0.18× |
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 | — | $86.7M | ||
| Q3 25 | — | $86.6M | ||
| Q2 25 | — | $86.4M | ||
| Q1 25 | — | $86.3M | ||
| Q4 24 | — | $86.2M | ||
| Q3 24 | — | $86.0M | ||
| Q2 24 | — | $88.9M | ||
| Q1 24 | — | $88.8M |
| Q4 25 | $553.5M | $485.7M | ||
| Q3 25 | $537.3M | $465.9M | ||
| Q2 25 | $357.0M | $437.7M | ||
| Q1 25 | $355.7M | $429.1M | ||
| Q4 24 | $431.8M | $406.0M | ||
| Q3 24 | $372.1M | $439.7M | ||
| Q2 24 | $389.0M | $396.7M | ||
| Q1 24 | $365.3M | $397.0M |
| Q4 25 | $807.5M | $5.2B | ||
| Q3 25 | $781.0M | $5.2B | ||
| Q2 25 | $660.4M | $5.2B | ||
| Q1 25 | $669.9M | $5.2B | ||
| Q4 24 | $849.9M | $5.1B | ||
| Q3 24 | $899.6M | $5.2B | ||
| Q2 24 | $938.9M | $5.2B | ||
| Q1 24 | $949.2M | $5.1B |
| Q4 25 | — | 0.18× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.20× | ||
| Q1 25 | — | 0.20× | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | — | 0.20× | ||
| Q2 24 | — | 0.22× | ||
| Q1 24 | — | 0.22× |
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 | — | $60.0M |
| Free Cash FlowOCF − Capex | — | $52.2M |
| FCF MarginFCF / Revenue | — | 73.0% |
| Capex IntensityCapex / Revenue | — | 11.0% |
| Cash ConversionOCF / Net Profit | — | 4.10× |
| TTM Free Cash FlowTrailing 4 quarters | — | $85.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $60.0M | ||
| Q3 25 | — | $10.7M | ||
| Q2 25 | $-7.5M | $14.0M | ||
| Q1 25 | $-121.0M | $15.7M | ||
| Q4 24 | — | $66.6M | ||
| Q3 24 | — | $23.9M | ||
| Q2 24 | $-37.8M | $16.6M | ||
| Q1 24 | $-205.8M | $13.7M |
| Q4 25 | — | $52.2M | ||
| Q3 25 | — | $9.0M | ||
| Q2 25 | $-8.5M | $12.4M | ||
| Q1 25 | $-128.9M | $12.2M | ||
| Q4 24 | — | $54.9M | ||
| Q3 24 | — | $20.4M | ||
| Q2 24 | $-40.7M | $14.4M | ||
| Q1 24 | $-208.3M | $12.2M |
| Q4 25 | — | 73.0% | ||
| Q3 25 | — | 12.8% | ||
| Q2 25 | -16.1% | 17.8% | ||
| Q1 25 | -271.5% | 18.0% | ||
| Q4 24 | — | 79.2% | ||
| Q3 24 | — | 29.1% | ||
| Q2 24 | -84.1% | 21.6% | ||
| Q1 24 | -392.1% | 19.2% |
| Q4 25 | — | 11.0% | ||
| Q3 25 | — | 2.4% | ||
| Q2 25 | 1.8% | 2.3% | ||
| Q1 25 | 16.6% | 5.2% | ||
| Q4 24 | — | 16.9% | ||
| Q3 24 | — | 4.9% | ||
| Q2 24 | 5.9% | 3.3% | ||
| Q1 24 | 4.7% | 2.4% |
| Q4 25 | — | 4.10× | ||
| Q3 25 | — | 0.86× | ||
| Q2 25 | — | 1.01× | ||
| Q1 25 | — | 1.15× | ||
| Q4 24 | — | 4.63× | ||
| Q3 24 | — | 2.80× | ||
| Q2 24 | — | 1.41× | ||
| Q1 24 | — | 1.22× |
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% |
FMNB
Segment breakdown not available.
