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Side-by-side financial comparison of Canopy Growth Corp (CGC) and HEALTHSTREAM INC (HSTM). Click either name above to swap in a different company.
HEALTHSTREAM INC is the larger business by last-quarter revenue ($79.7M vs $54.4M, roughly 1.5× Canopy Growth Corp). On growth, HEALTHSTREAM INC posted the faster year-over-year revenue change (7.4% vs -0.3%). Over the past eight quarters, HEALTHSTREAM INC's revenue compounded faster (4.7% CAGR vs 1.2%).
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
HealthStream Inc is a leading U.S.-based provider of workforce development, compliance, and training solutions tailored for the healthcare industry. It offers cloud-based platforms covering clinical skill training, talent management, patient safety education, and regulatory adherence tools, serving over 4,000 healthcare organizations including hospitals, clinics, and long-term care facilities nationwide.
CGC vs HSTM — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $54.4M | $79.7M |
| Net Profit | $-45.7M | — |
| Gross Margin | 28.8% | — |
| Operating Margin | -35.3% | 3.0% |
| Net Margin | -84.0% | — |
| Revenue YoY | -0.3% | 7.4% |
| Net Profit YoY | 48.6% | — |
| EPS (diluted) | — | $0.09 |
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 | $79.7M | ||
| Q3 25 | $48.7M | $76.5M | ||
| Q2 25 | $52.7M | $74.4M | ||
| Q1 25 | $47.5M | $73.5M | ||
| Q4 24 | $54.6M | $74.2M | ||
| Q3 24 | $46.0M | $73.1M | ||
| Q2 24 | $48.3M | $71.6M | ||
| Q1 24 | $53.1M | $72.8M |
| Q4 25 | $-45.7M | — | ||
| Q3 25 | $-1.2M | $6.1M | ||
| Q2 25 | $-30.3M | $5.4M | ||
| Q1 25 | — | $4.3M | ||
| Q4 24 | $-89.0M | — | ||
| Q3 24 | $-93.7M | $5.7M | ||
| Q2 24 | $-92.8M | $4.2M | ||
| Q1 24 | — | $5.2M |
| 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% | 3.0% | ||
| Q3 25 | -25.3% | 9.9% | ||
| Q2 25 | -31.4% | 7.9% | ||
| Q1 25 | — | 6.0% | ||
| Q4 24 | -31.9% | 6.3% | ||
| Q3 24 | -72.9% | 8.9% | ||
| Q2 24 | -44.0% | 6.2% | ||
| Q1 24 | — | 7.8% |
| Q4 25 | -84.0% | — | ||
| Q3 25 | -2.5% | 8.0% | ||
| Q2 25 | -57.6% | 7.2% | ||
| Q1 25 | — | 5.9% | ||
| Q4 24 | -163.0% | — | ||
| Q3 24 | -203.7% | 7.8% | ||
| Q2 24 | -192.0% | 5.8% | ||
| Q1 24 | — | 7.2% |
| Q4 25 | — | $0.09 | ||
| Q3 25 | — | $0.20 | ||
| Q2 25 | — | $0.18 | ||
| Q1 25 | — | $0.14 | ||
| Q4 24 | — | $0.16 | ||
| Q3 24 | — | $0.19 | ||
| Q2 24 | — | $0.14 | ||
| Q1 24 | — | $0.17 |
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 | $36.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $553.5M | $354.0M |
| Total Assets | $807.5M | $520.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.1M | $36.2M | ||
| Q3 25 | $217.6M | $53.5M | ||
| Q2 25 | $104.8M | $52.1M | ||
| Q1 25 | $96.0M | $77.3M | ||
| Q4 24 | $130.2M | $59.5M | ||
| Q3 24 | $168.8M | $57.5M | ||
| Q2 24 | $142.3M | $46.1M | ||
| Q1 24 | $148.5M | $52.4M |
| Q4 25 | $553.5M | $354.0M | ||
| Q3 25 | $537.3M | $349.2M | ||
| Q2 25 | $357.0M | $350.6M | ||
| Q1 25 | $355.7M | $362.8M | ||
| Q4 24 | $431.8M | $359.4M | ||
| Q3 24 | $372.1M | $355.5M | ||
| Q2 24 | $389.0M | $349.2M | ||
| Q1 24 | $365.3M | $344.9M |
| Q4 25 | $807.5M | $520.4M | ||
| Q3 25 | $781.0M | $499.9M | ||
| Q2 25 | $660.4M | $500.1M | ||
| Q1 25 | $669.9M | $524.0M | ||
| Q4 24 | $849.9M | $510.8M | ||
| Q3 24 | $899.6M | $502.8M | ||
| Q2 24 | $938.9M | $499.6M | ||
| Q1 24 | $949.2M | $511.6M |
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 | — | $13.2M |
| Free Cash FlowOCF − Capex | — | $13.0M |
| FCF MarginFCF / Revenue | — | 16.3% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $59.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $13.2M | ||
| Q3 25 | — | $18.0M | ||
| Q2 25 | $-7.5M | $5.0M | ||
| Q1 25 | $-121.0M | $27.1M | ||
| Q4 24 | — | $11.2M | ||
| Q3 24 | — | $19.1M | ||
| Q2 24 | $-37.8M | $6.5M | ||
| Q1 24 | $-205.8M | $20.9M |
| Q4 25 | — | $13.0M | ||
| Q3 25 | — | $17.9M | ||
| Q2 25 | $-8.5M | $2.7M | ||
| Q1 25 | $-128.9M | $26.0M | ||
| Q4 24 | — | $11.0M | ||
| Q3 24 | — | $18.8M | ||
| Q2 24 | $-40.7M | $6.3M | ||
| Q1 24 | $-208.3M | $20.2M |
| Q4 25 | — | 16.3% | ||
| Q3 25 | — | 23.4% | ||
| Q2 25 | -16.1% | 3.6% | ||
| Q1 25 | -271.5% | 35.4% | ||
| Q4 24 | — | 14.8% | ||
| Q3 24 | — | 25.8% | ||
| Q2 24 | -84.1% | 8.8% | ||
| Q1 24 | -392.1% | 27.8% |
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | 1.8% | 3.1% | ||
| Q1 25 | 16.6% | 1.4% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | 5.9% | 0.2% | ||
| Q1 24 | 4.7% | 1.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.96× | ||
| Q2 25 | — | 0.93× | ||
| Q1 25 | — | 6.25× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.34× | ||
| Q2 24 | — | 1.55× | ||
| Q1 24 | — | 4.01× |
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% |
HSTM
| Subscription Services | $77.0M | 97% |
| Professional Services | $2.7M | 3% |
