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Side-by-side financial comparison of Canopy Growth Corp (CGC) and GRAHAM CORP (GHM). Click either name above to swap in a different company.
GRAHAM CORP is the larger business by last-quarter revenue ($56.7M vs $54.4M, roughly 1.0× Canopy Growth Corp). GRAHAM CORP runs the higher net margin — 5.0% vs -84.0%, a 89.0% gap on every dollar of revenue. On growth, GRAHAM CORP posted the faster year-over-year revenue change (20.5% vs -0.3%). Over the past eight quarters, GRAHAM CORP's revenue compounded faster (7.5% CAGR vs 1.2%).
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
Graham Holdings Company is a diversified American conglomerate holding company. Headquartered in Arlington County, Virginia, and incorporated in Delaware, it was formerly the owner of The Washington Post newspaper and Newsweek magazine.
CGC vs GHM — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $54.4M | $56.7M |
| Net Profit | $-45.7M | $2.8M |
| Gross Margin | 28.8% | 23.8% |
| Operating Margin | -35.3% | 5.5% |
| Net Margin | -84.0% | 5.0% |
| Revenue YoY | -0.3% | 20.5% |
| Net Profit YoY | 48.6% | 79.2% |
| 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 | $56.7M | ||
| Q3 25 | $48.7M | $66.0M | ||
| Q2 25 | $52.7M | $55.5M | ||
| Q1 25 | $47.5M | $59.3M | ||
| Q4 24 | $54.6M | $47.0M | ||
| Q3 24 | $46.0M | $53.6M | ||
| Q2 24 | $48.3M | $50.0M | ||
| Q1 24 | $53.1M | $49.1M |
| Q4 25 | $-45.7M | $2.8M | ||
| Q3 25 | $-1.2M | $3.1M | ||
| Q2 25 | $-30.3M | $4.6M | ||
| Q1 25 | — | $4.4M | ||
| Q4 24 | $-89.0M | $1.6M | ||
| Q3 24 | $-93.7M | $3.3M | ||
| Q2 24 | $-92.8M | $3.0M | ||
| Q1 24 | — | $1.3M |
| Q4 25 | 28.8% | 23.8% | ||
| Q3 25 | 32.8% | 21.7% | ||
| Q2 25 | 25.0% | 26.5% | ||
| Q1 25 | 16.2% | 27.0% | ||
| Q4 24 | 32.2% | 24.8% | ||
| Q3 24 | 34.7% | 23.9% | ||
| Q2 24 | 34.8% | 24.8% | ||
| Q1 24 | 21.3% | 25.9% |
| Q4 25 | -35.3% | 5.5% | ||
| Q3 25 | -25.3% | 6.5% | ||
| Q2 25 | -31.4% | 8.9% | ||
| Q1 25 | — | 9.3% | ||
| Q4 24 | -31.9% | 4.7% | ||
| Q3 24 | -72.9% | 7.9% | ||
| Q2 24 | -44.0% | 6.5% | ||
| Q1 24 | — | 3.1% |
| Q4 25 | -84.0% | 5.0% | ||
| Q3 25 | -2.5% | 4.7% | ||
| Q2 25 | -57.6% | 8.3% | ||
| Q1 25 | — | 7.4% | ||
| Q4 24 | -163.0% | 3.4% | ||
| Q3 24 | -203.7% | 6.1% | ||
| Q2 24 | -192.0% | 5.9% | ||
| Q1 24 | — | 2.7% |
| Q4 25 | — | $0.25 | ||
| Q3 25 | — | $0.28 | ||
| Q2 25 | — | $0.42 | ||
| Q1 25 | — | $0.40 | ||
| Q4 24 | — | $0.14 | ||
| Q3 24 | — | $0.30 | ||
| Q2 24 | — | $0.27 | ||
| Q1 24 | — | $0.11 |
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 | $22.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $553.5M | $131.3M |
| Total Assets | $807.5M | $292.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.1M | $22.3M | ||
| Q3 25 | $217.6M | $20.6M | ||
| Q2 25 | $104.8M | $10.8M | ||
| Q1 25 | $96.0M | $21.6M | ||
| Q4 24 | $130.2M | $30.0M | ||
| Q3 24 | $168.8M | $32.3M | ||
| Q2 24 | $142.3M | $21.6M | ||
| Q1 24 | $148.5M | $16.9M |
| Q4 25 | $553.5M | $131.3M | ||
| Q3 25 | $537.3M | $127.6M | ||
| Q2 25 | $357.0M | $123.4M | ||
| Q1 25 | $355.7M | $119.6M | ||
| Q4 24 | $431.8M | $114.4M | ||
| Q3 24 | $372.1M | $112.5M | ||
| Q2 24 | $389.0M | $108.2M | ||
| Q1 24 | $365.3M | $105.6M |
| Q4 25 | $807.5M | $292.9M | ||
| Q3 25 | $781.0M | $287.0M | ||
| Q2 25 | $660.4M | $252.3M | ||
| Q1 25 | $669.9M | $264.1M | ||
| Q4 24 | $849.9M | $264.3M | ||
| Q3 24 | $899.6M | $249.5M | ||
| Q2 24 | $938.9M | $244.2M | ||
| Q1 24 | $949.2M | $233.9M |
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 | — | $4.8M |
| Free Cash FlowOCF − Capex | — | $2.4M |
| FCF MarginFCF / Revenue | — | 4.3% |
| Capex IntensityCapex / Revenue | — | 4.1% |
| Cash ConversionOCF / Net Profit | — | 1.67× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-6.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $4.8M | ||
| Q3 25 | — | $13.6M | ||
| Q2 25 | $-7.5M | $-2.3M | ||
| Q1 25 | $-121.0M | $-3.6M | ||
| Q4 24 | — | $5.2M | ||
| Q3 24 | — | $13.9M | ||
| Q2 24 | $-37.8M | $8.7M | ||
| Q1 24 | $-205.8M | $8.6M |
| Q4 25 | — | $2.4M | ||
| Q3 25 | — | $9.4M | ||
| Q2 25 | $-8.5M | $-9.3M | ||
| Q1 25 | $-128.9M | $-8.7M | ||
| Q4 24 | — | $-2.1M | ||
| Q3 24 | — | $10.4M | ||
| Q2 24 | $-40.7M | $5.7M | ||
| Q1 24 | $-208.3M | $4.6M |
| Q4 25 | — | 4.3% | ||
| Q3 25 | — | 14.3% | ||
| Q2 25 | -16.1% | -16.7% | ||
| Q1 25 | -271.5% | -14.7% | ||
| Q4 24 | — | -4.5% | ||
| Q3 24 | — | 19.5% | ||
| Q2 24 | -84.1% | 11.5% | ||
| Q1 24 | -392.1% | 9.4% |
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 6.3% | ||
| Q2 25 | 1.8% | 12.6% | ||
| Q1 25 | 16.6% | 8.7% | ||
| Q4 24 | — | 15.6% | ||
| Q3 24 | — | 6.5% | ||
| Q2 24 | 5.9% | 6.0% | ||
| Q1 24 | 4.7% | 8.2% |
| Q4 25 | — | 1.67× | ||
| Q3 25 | — | 4.40× | ||
| Q2 25 | — | -0.49× | ||
| Q1 25 | — | -0.81× | ||
| Q4 24 | — | 3.29× | ||
| Q3 24 | — | 4.25× | ||
| Q2 24 | — | 2.94× | ||
| Q1 24 | — | 6.45× |
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% |
GHM
| Defense | $35.3M | 62% |
| Energy And Process | $18.3M | 32% |
| Space | $3.1M | 6% |
