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Side-by-side financial comparison of Canopy Growth Corp (CGC) and NPK International Inc. (NPKI). Click either name above to swap in a different company.
NPK International Inc. is the larger business by last-quarter revenue ($75.2M vs $54.4M, roughly 1.4× Canopy Growth Corp). On growth, NPK International Inc. posted the faster year-over-year revenue change (30.7% vs -0.3%). Over the past eight quarters, NPK International Inc.'s revenue compounded faster (23.9% CAGR vs 1.2%).
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
CGC vs NPKI — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $54.4M | $75.2M |
| Net Profit | $-45.7M | — |
| Gross Margin | 28.8% | 37.7% |
| Operating Margin | -35.3% | 16.7% |
| Net Margin | -84.0% | — |
| Revenue YoY | -0.3% | 30.7% |
| Net Profit YoY | 48.6% | — |
| EPS (diluted) | — | $0.17 |
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 | $75.2M | ||
| Q3 25 | $48.7M | $68.8M | ||
| Q2 25 | $52.7M | $68.2M | ||
| Q1 25 | $47.5M | $64.8M | ||
| Q4 24 | $54.6M | $57.5M | ||
| Q3 24 | $46.0M | $44.2M | ||
| Q2 24 | $48.3M | $66.8M | ||
| Q1 24 | $53.1M | $49.0M |
| Q4 25 | $-45.7M | — | ||
| Q3 25 | $-1.2M | $5.7M | ||
| Q2 25 | $-30.3M | $8.7M | ||
| Q1 25 | — | $10.0M | ||
| Q4 24 | $-89.0M | — | ||
| Q3 24 | $-93.7M | $-174.3M | ||
| Q2 24 | $-92.8M | $8.0M | ||
| Q1 24 | — | $7.3M |
| Q4 25 | 28.8% | 37.7% | ||
| Q3 25 | 32.8% | 31.9% | ||
| Q2 25 | 25.0% | 36.9% | ||
| Q1 25 | 16.2% | 39.0% | ||
| Q4 24 | 32.2% | 39.2% | ||
| Q3 24 | 34.7% | 27.5% | ||
| Q2 24 | 34.8% | 37.2% | ||
| Q1 24 | 21.3% | 36.0% |
| Q4 25 | -35.3% | 16.7% | ||
| Q3 25 | -25.3% | 13.2% | ||
| Q2 25 | -31.4% | 17.0% | ||
| Q1 25 | — | 20.9% | ||
| Q4 24 | -31.9% | 20.2% | ||
| Q3 24 | -72.9% | 2.8% | ||
| Q2 24 | -44.0% | 18.7% | ||
| Q1 24 | — | 14.2% |
| Q4 25 | -84.0% | — | ||
| Q3 25 | -2.5% | 8.2% | ||
| Q2 25 | -57.6% | 12.7% | ||
| Q1 25 | — | 15.4% | ||
| Q4 24 | -163.0% | — | ||
| Q3 24 | -203.7% | -394.3% | ||
| Q2 24 | -192.0% | 12.0% | ||
| Q1 24 | — | 14.9% |
| Q4 25 | — | $0.17 | ||
| Q3 25 | — | $0.07 | ||
| Q2 25 | — | $0.10 | ||
| Q1 25 | — | $0.11 | ||
| Q4 24 | — | $0.10 | ||
| Q3 24 | — | $-1.99 | ||
| Q2 24 | — | $0.09 | ||
| Q1 24 | — | $0.08 |
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 | $5.1M |
| Total DebtLower is stronger | — | $16.9M |
| Stockholders' EquityBook value | $553.5M | $351.2M |
| Total Assets | $807.5M | $441.8M |
| Debt / EquityLower = less leverage | — | 0.05× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.1M | $5.1M | ||
| Q3 25 | $217.6M | $35.6M | ||
| Q2 25 | $104.8M | $26.0M | ||
| Q1 25 | $96.0M | $20.8M | ||
| Q4 24 | $130.2M | $17.8M | ||
| Q3 24 | $168.8M | $42.9M | ||
| Q2 24 | $142.3M | $35.1M | ||
| Q1 24 | $148.5M | $37.7M |
| Q4 25 | — | $16.9M | ||
| Q3 25 | — | $9.5M | ||
| Q2 25 | — | $9.3M | ||
| Q1 25 | — | $8.1M | ||
| Q4 24 | — | $7.7M | ||
| Q3 24 | — | $14.0M | ||
| Q2 24 | — | $58.0M | ||
| Q1 24 | — | $77.4M |
| Q4 25 | $553.5M | $351.2M | ||
| Q3 25 | $537.3M | $333.9M | ||
| Q2 25 | $357.0M | $328.8M | ||
| Q1 25 | $355.7M | $326.9M | ||
| Q4 24 | $431.8M | $326.5M | ||
| Q3 24 | $372.1M | $316.5M | ||
| Q2 24 | $389.0M | $426.6M | ||
| Q1 24 | $365.3M | $421.6M |
| Q4 25 | $807.5M | $441.8M | ||
| Q3 25 | $781.0M | $404.5M | ||
| Q2 25 | $660.4M | $393.7M | ||
| Q1 25 | $669.9M | $390.0M | ||
| Q4 24 | $849.9M | $393.7M | ||
| Q3 24 | $899.6M | $389.6M | ||
| Q2 24 | $938.9M | $624.8M | ||
| Q1 24 | $949.2M | $640.8M |
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.03× | ||
| Q2 25 | — | 0.03× | ||
| Q1 25 | — | 0.02× | ||
| Q4 24 | — | 0.02× | ||
| Q3 24 | — | 0.04× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.18× |
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 | — | $18.0M |
| Free Cash FlowOCF − Capex | — | $5.8M |
| FCF MarginFCF / Revenue | — | 7.6% |
| Capex IntensityCapex / Revenue | — | 16.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $26.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $18.0M | ||
| Q3 25 | — | $24.7M | ||
| Q2 25 | $-7.5M | $21.4M | ||
| Q1 25 | $-121.0M | $8.8M | ||
| Q4 24 | — | $-4.1M | ||
| Q3 24 | — | $2.8M | ||
| Q2 24 | $-37.8M | $27.6M | ||
| Q1 24 | $-205.8M | $11.9M |
| Q4 25 | — | $5.8M | ||
| Q3 25 | — | $12.0M | ||
| Q2 25 | $-8.5M | $9.7M | ||
| Q1 25 | $-128.9M | $-1.2M | ||
| Q4 24 | — | $-17.7M | ||
| Q3 24 | — | $-6.7M | ||
| Q2 24 | $-40.7M | $21.0M | ||
| Q1 24 | $-208.3M | $-1.9M |
| Q4 25 | — | 7.6% | ||
| Q3 25 | — | 17.4% | ||
| Q2 25 | -16.1% | 14.3% | ||
| Q1 25 | -271.5% | -1.8% | ||
| Q4 24 | — | -30.8% | ||
| Q3 24 | — | -15.2% | ||
| Q2 24 | -84.1% | 31.4% | ||
| Q1 24 | -392.1% | -3.9% |
| Q4 25 | — | 16.3% | ||
| Q3 25 | — | 18.5% | ||
| Q2 25 | 1.8% | 17.1% | ||
| Q1 25 | 16.6% | 15.5% | ||
| Q4 24 | — | 23.6% | ||
| Q3 24 | — | 21.4% | ||
| Q2 24 | 5.9% | 9.9% | ||
| Q1 24 | 4.7% | 28.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | 4.37× | ||
| Q2 25 | — | 2.47× | ||
| Q1 25 | — | 0.88× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.43× | ||
| Q1 24 | — | 1.64× |
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% |
NPKI
| Rental Revenue | $34.8M | 46% |
| Products | $25.5M | 34% |
| Services | $14.9M | 20% |
