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Side-by-side financial comparison of Canopy Growth Corp (CGC) and Globalstar, Inc. (GSAT). Click either name above to swap in a different company.
Globalstar, Inc. is the larger business by last-quarter revenue ($72.0M vs $54.4M, roughly 1.3× Canopy Growth Corp). Globalstar, Inc. runs the higher net margin — -16.1% vs -84.0%, a 67.9% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs -0.3%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs 1.2%).
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
Globalstar, Inc. is an American telecommunications company that operates a satellite constellation in low Earth orbit (LEO) for satellite phone, low-speed data transmission and Earth observation. The Globalstar second-generation constellation consists of 25 satellites.
CGC vs GSAT — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $54.4M | $72.0M |
| Net Profit | $-45.7M | $-11.6M |
| Gross Margin | 28.8% | — |
| Operating Margin | -35.3% | -0.5% |
| Net Margin | -84.0% | -16.1% |
| Revenue YoY | -0.3% | 17.6% |
| Net Profit YoY | 48.6% | 76.9% |
| EPS (diluted) | — | $-0.11 |
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 | $72.0M | ||
| Q3 25 | $48.7M | $73.8M | ||
| Q2 25 | $52.7M | $67.1M | ||
| Q1 25 | $47.5M | $60.0M | ||
| Q4 24 | $54.6M | $61.2M | ||
| Q3 24 | $46.0M | $72.3M | ||
| Q2 24 | $48.3M | $60.4M | ||
| Q1 24 | $53.1M | $56.5M |
| Q4 25 | $-45.7M | $-11.6M | ||
| Q3 25 | $-1.2M | $1.1M | ||
| Q2 25 | $-30.3M | $19.2M | ||
| Q1 25 | — | $-17.3M | ||
| Q4 24 | $-89.0M | $-50.2M | ||
| Q3 24 | $-93.7M | $9.9M | ||
| Q2 24 | $-92.8M | $-9.7M | ||
| Q1 24 | — | $-13.2M |
| 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% | -0.5% | ||
| Q3 25 | -25.3% | 13.8% | ||
| Q2 25 | -31.4% | 9.2% | ||
| Q1 25 | — | -14.2% | ||
| Q4 24 | -31.9% | -6.9% | ||
| Q3 24 | -72.9% | 13.0% | ||
| Q2 24 | -44.0% | -2.4% | ||
| Q1 24 | — | -8.3% |
| Q4 25 | -84.0% | -16.1% | ||
| Q3 25 | -2.5% | 1.5% | ||
| Q2 25 | -57.6% | 28.6% | ||
| Q1 25 | — | -28.9% | ||
| Q4 24 | -163.0% | -82.1% | ||
| Q3 24 | -203.7% | 13.7% | ||
| Q2 24 | -192.0% | -16.0% | ||
| Q1 24 | — | -23.4% |
| Q4 25 | — | $-0.11 | ||
| Q3 25 | — | $-0.01 | ||
| Q2 25 | — | $0.13 | ||
| Q1 25 | — | $-0.16 | ||
| Q4 24 | — | $-0.57 | ||
| Q3 24 | — | $0.00 | ||
| Q2 24 | — | $-0.01 | ||
| Q1 24 | — | $-0.01 |
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 | $447.5M |
| Total DebtLower is stronger | — | $483.8M |
| Stockholders' EquityBook value | $553.5M | $355.7M |
| Total Assets | $807.5M | $2.3B |
| Debt / EquityLower = less leverage | — | 1.36× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.1M | $447.5M | ||
| Q3 25 | $217.6M | $346.3M | ||
| Q2 25 | $104.8M | $308.2M | ||
| Q1 25 | $96.0M | $241.4M | ||
| Q4 24 | $130.2M | $391.2M | ||
| Q3 24 | $168.8M | $51.9M | ||
| Q2 24 | $142.3M | $64.3M | ||
| Q1 24 | $148.5M | $59.3M |
| Q4 25 | — | $483.8M | ||
| Q3 25 | — | $508.6M | ||
| Q2 25 | — | $491.5M | ||
| Q1 25 | — | $502.7M | ||
| Q4 24 | — | $511.4M | ||
| Q3 24 | — | $394.4M | ||
| Q2 24 | — | $393.1M | ||
| Q1 24 | — | $398.7M |
| Q4 25 | $553.5M | $355.7M | ||
| Q3 25 | $537.3M | $364.8M | ||
| Q2 25 | $357.0M | $360.9M | ||
| Q1 25 | $355.7M | $344.3M | ||
| Q4 24 | $431.8M | $358.9M | ||
| Q3 24 | $372.1M | $394.1M | ||
| Q2 24 | $389.0M | $383.0M | ||
| Q1 24 | $365.3M | $377.1M |
| Q4 25 | $807.5M | $2.3B | ||
| Q3 25 | $781.0M | $2.2B | ||
| Q2 25 | $660.4M | $1.9B | ||
| Q1 25 | $669.9M | $1.7B | ||
| Q4 24 | $849.9M | $1.7B | ||
| Q3 24 | $899.6M | $917.6M | ||
| Q2 24 | $938.9M | $926.2M | ||
| Q1 24 | $949.2M | $917.0M |
| Q4 25 | — | 1.36× | ||
| Q3 25 | — | 1.39× | ||
| Q2 25 | — | 1.36× | ||
| Q1 25 | — | 1.46× | ||
| Q4 24 | — | 1.43× | ||
| Q3 24 | — | 1.00× | ||
| Q2 24 | — | 1.03× | ||
| Q1 24 | — | 1.06× |
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 | — | $175.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $175.9M | ||
| Q3 25 | — | $236.0M | ||
| Q2 25 | $-7.5M | $157.9M | ||
| Q1 25 | $-121.0M | $51.9M | ||
| Q4 24 | — | $340.7M | ||
| Q3 24 | — | $32.0M | ||
| Q2 24 | $-37.8M | $36.7M | ||
| Q1 24 | $-205.8M | $29.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-8.5M | — | ||
| Q1 25 | $-128.9M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-40.7M | — | ||
| Q1 24 | $-208.3M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -16.1% | — | ||
| Q1 25 | -271.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -84.1% | — | ||
| Q1 24 | -392.1% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 16.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.9% | — | ||
| Q1 24 | 4.7% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 216.53× | ||
| Q2 25 | — | 8.22× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.23× | ||
| Q2 24 | — | — | ||
| 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% |
GSAT
| Services | $67.4M | 94% |
| Products | $4.6M | 6% |
