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Side-by-side financial comparison of Canopy Growth Corp (CGC) and Neptune Insurance Holdings Inc. (NP). Click either name above to swap in a different company.
Canopy Growth Corp is the larger business by last-quarter revenue ($54.4M vs $37.8M, roughly 1.4× Neptune Insurance Holdings Inc.). Neptune Insurance Holdings Inc. runs the higher net margin — 0.1% vs -84.0%, a 84.1% gap on every dollar of revenue. On growth, Neptune Insurance Holdings Inc. posted the faster year-over-year revenue change (28.8% vs -0.3%).
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
Neptune Insurance Holdings Inc. is a specialty insurance holding company that offers a broad portfolio of property and casualty insurance products, with a core focus on residential and commercial flood insurance for customers across the United States. It serves both individual consumers and small to mid-sized business clients, using advanced data analytics to support accurate policy pricing and robust risk management.
CGC vs NP — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $54.4M | $37.8M |
| Net Profit | $-45.7M | $50.0K |
| Gross Margin | 28.8% | — |
| Operating Margin | -35.3% | — |
| Net Margin | -84.0% | 0.1% |
| Revenue YoY | -0.3% | 28.8% |
| Net Profit YoY | 48.6% | 0.0% |
| EPS (diluted) | — | $0.05 |
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.
| Q1 26 | — | $37.8M | ||
| Q4 25 | $54.4M | — | ||
| Q3 25 | $48.7M | $44.4M | ||
| Q2 25 | $52.7M | — | ||
| Q1 25 | $47.5M | — | ||
| Q4 24 | $54.6M | — | ||
| Q3 24 | $46.0M | $33.8M | ||
| Q2 24 | $48.3M | — |
| Q1 26 | — | $50.0K | ||
| Q4 25 | $-45.7M | — | ||
| Q3 25 | $-1.2M | $11.5M | ||
| Q2 25 | $-30.3M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-89.0M | — | ||
| Q3 24 | $-93.7M | $12.1M | ||
| Q2 24 | $-92.8M | — |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | -35.3% | — | ||
| Q3 25 | -25.3% | 46.7% | ||
| Q2 25 | -31.4% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -31.9% | — | ||
| Q3 24 | -72.9% | 58.6% | ||
| Q2 24 | -44.0% | — |
| Q1 26 | — | 0.1% | ||
| Q4 25 | -84.0% | — | ||
| Q3 25 | -2.5% | 25.9% | ||
| Q2 25 | -57.6% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -163.0% | — | ||
| Q3 24 | -203.7% | 35.8% | ||
| Q2 24 | -192.0% | — |
| Q1 26 | — | $0.05 | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $0.06 | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0.06 | ||
| Q2 24 | — | — |
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 | — | — |
| Stockholders' EquityBook value | $553.5M | — |
| Total Assets | $807.5M | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $271.1M | — | ||
| Q3 25 | $217.6M | $12.2M | ||
| Q2 25 | $104.8M | — | ||
| Q1 25 | $96.0M | — | ||
| Q4 24 | $130.2M | — | ||
| Q3 24 | $168.8M | — | ||
| Q2 24 | $142.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $247.6M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $553.5M | — | ||
| Q3 25 | $537.3M | $-509.5M | ||
| Q2 25 | $357.0M | — | ||
| Q1 25 | $355.7M | — | ||
| Q4 24 | $431.8M | — | ||
| Q3 24 | $372.1M | $-374.3M | ||
| Q2 24 | $389.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | $807.5M | — | ||
| Q3 25 | $781.0M | $89.6M | ||
| Q2 25 | $660.4M | — | ||
| Q1 25 | $669.9M | — | ||
| Q4 24 | $849.9M | — | ||
| Q3 24 | $899.6M | — | ||
| Q2 24 | $938.9M | — |
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% |
NP
Segment breakdown not available.
