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Side-by-side financial comparison of Canopy Growth Corp (CGC) and LXP Industrial Trust (LXP). Click either name above to swap in a different company.
LXP Industrial Trust is the larger business by last-quarter revenue ($86.7M vs $54.4M, roughly 1.6× Canopy Growth Corp). LXP Industrial Trust runs the higher net margin — 33.2% vs -84.0%, a 117.2% gap on every dollar of revenue. On growth, Canopy Growth Corp posted the faster year-over-year revenue change (-0.3% vs -14.0%). Over the past eight quarters, Canopy Growth Corp's revenue compounded faster (1.2% CAGR vs 0.3%).
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
LXP Industrial Trust is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality industrial real estate assets, primarily distribution centers, logistics facilities, and light industrial properties across key markets in the United States. Its tenant base covers e-commerce, third-party logistics, and advanced manufacturing sectors, delivering stable long-term returns for its investors.
CGC vs LXP — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $54.4M | $86.7M |
| Net Profit | $-45.7M | $28.8M |
| Gross Margin | 28.8% | 81.5% |
| Operating Margin | -35.3% | 34.6% |
| Net Margin | -84.0% | 33.2% |
| Revenue YoY | -0.3% | -14.0% |
| Net Profit YoY | 48.6% | — |
| EPS (diluted) | — | — |
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 | $86.7M | ||
| Q3 25 | $48.7M | $86.9M | ||
| Q2 25 | $52.7M | $87.7M | ||
| Q1 25 | $47.5M | $88.9M | ||
| Q4 24 | $54.6M | $100.9M | ||
| Q3 24 | $46.0M | $85.6M | ||
| Q2 24 | $48.3M | $85.8M | ||
| Q1 24 | $53.1M | $86.3M |
| Q4 25 | $-45.7M | $28.8M | ||
| Q3 25 | $-1.2M | $36.3M | ||
| Q2 25 | $-30.3M | $29.1M | ||
| Q1 25 | — | $19.0M | ||
| Q4 24 | $-89.0M | — | ||
| Q3 24 | $-93.7M | $6.3M | ||
| Q2 24 | $-92.8M | $5.4M | ||
| Q1 24 | — | $-269.0K |
| Q4 25 | 28.8% | 81.5% | ||
| Q3 25 | 32.8% | 82.3% | ||
| Q2 25 | 25.0% | 81.9% | ||
| Q1 25 | 16.2% | 80.7% | ||
| Q4 24 | 32.2% | 85.3% | ||
| Q3 24 | 34.7% | 82.5% | ||
| Q2 24 | 34.8% | 82.0% | ||
| Q1 24 | 21.3% | 82.4% |
| Q4 25 | -35.3% | 34.6% | ||
| Q3 25 | -25.3% | 50.4% | ||
| Q2 25 | -31.4% | 33.7% | ||
| Q1 25 | — | 21.8% | ||
| Q4 24 | -31.9% | — | ||
| Q3 24 | -72.9% | 7.9% | ||
| Q2 24 | -44.0% | 6.9% | ||
| Q1 24 | — | 1.0% |
| Q4 25 | -84.0% | 33.2% | ||
| Q3 25 | -2.5% | 41.7% | ||
| Q2 25 | -57.6% | 33.2% | ||
| Q1 25 | — | 21.4% | ||
| Q4 24 | -163.0% | — | ||
| Q3 24 | -203.7% | 7.4% | ||
| Q2 24 | -192.0% | 6.3% | ||
| Q1 24 | — | -0.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | $0.12 | ||
| Q2 25 | — | $0.09 | ||
| Q1 25 | — | $0.06 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0.02 | ||
| 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 | $170.4M |
| Total DebtLower is stronger | — | $1.4B |
| Stockholders' EquityBook value | $553.5M | $2.0B |
| Total Assets | $807.5M | $3.5B |
| Debt / EquityLower = less leverage | — | 0.66× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.1M | $170.4M | ||
| Q3 25 | $217.6M | $229.7M | ||
| Q2 25 | $104.8M | $71.0M | ||
| Q1 25 | $96.0M | $70.9M | ||
| Q4 24 | $130.2M | $101.8M | ||
| Q3 24 | $168.8M | $55.0M | ||
| Q2 24 | $142.3M | $48.7M | ||
| Q1 24 | $148.5M | $293.8M |
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $553.5M | $2.0B | ||
| Q3 25 | $537.3M | $2.1B | ||
| Q2 25 | $357.0M | $2.1B | ||
| Q1 25 | $355.7M | $2.1B | ||
| Q4 24 | $431.8M | $2.1B | ||
| Q3 24 | $372.1M | $2.1B | ||
| Q2 24 | $389.0M | $2.1B | ||
| Q1 24 | $365.3M | $2.2B |
| Q4 25 | $807.5M | $3.5B | ||
| Q3 25 | $781.0M | $3.7B | ||
| Q2 25 | $660.4M | $3.7B | ||
| Q1 25 | $669.9M | $3.8B | ||
| Q4 24 | $849.9M | $3.8B | ||
| Q3 24 | $899.6M | $3.9B | ||
| Q2 24 | $938.9M | $3.9B | ||
| Q1 24 | $949.2M | $4.2B |
| Q4 25 | — | 0.66× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.73× | ||
| Q4 24 | — | 0.75× | ||
| 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 | — | $188.7M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 6.56× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $188.7M | ||
| Q3 25 | — | $63.5M | ||
| Q2 25 | $-7.5M | $44.3M | ||
| Q1 25 | $-121.0M | $39.0M | ||
| Q4 24 | — | $211.2M | ||
| Q3 24 | — | $64.6M | ||
| Q2 24 | $-37.8M | $38.5M | ||
| Q1 24 | $-205.8M | $38.9M |
| 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 | — | 6.56× | ||
| Q3 25 | — | 1.75× | ||
| Q2 25 | — | 1.52× | ||
| Q1 25 | — | 2.05× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 10.18× | ||
| Q2 24 | — | 7.09× | ||
| 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% |
LXP
Segment breakdown not available.
