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Side-by-side financial comparison of Canopy Growth Corp (CGC) and Orange County Bancorp, Inc. (OBT). Click either name above to swap in a different company.

Canopy Growth Corp is the larger business by last-quarter revenue ($54.4M vs $33.0M, roughly 1.6× Orange County Bancorp, Inc.). Orange County Bancorp, Inc. runs the higher net margin — 37.6% vs -84.0%, a 121.6% gap on every dollar of revenue. On growth, Orange County Bancorp, Inc. posted the faster year-over-year revenue change (20.6% vs -0.3%). Over the past eight quarters, Orange County Bancorp, Inc.'s revenue compounded faster (14.3% CAGR vs 1.2%).

Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.

Orange County Bancorp, Inc. is a Delaware-registered bank holding company operating mainly in New York, U.S. It offers a full range of retail and commercial banking services, including deposit accounts, loans and wealth management solutions, serving individual consumers, small and mid-sized corporate clients in its regional footprint.

CGC vs OBT — Head-to-Head

Bigger by revenue
CGC
CGC
1.6× larger
CGC
$54.4M
$33.0M
OBT
Growing faster (revenue YoY)
OBT
OBT
+20.9% gap
OBT
20.6%
-0.3%
CGC
Higher net margin
OBT
OBT
121.6% more per $
OBT
37.6%
-84.0%
CGC
Faster 2-yr revenue CAGR
OBT
OBT
Annualised
OBT
14.3%
1.2%
CGC

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
CGC
CGC
OBT
OBT
Revenue
$54.4M
$33.0M
Net Profit
$-45.7M
$12.4M
Gross Margin
28.8%
Operating Margin
-35.3%
41.4%
Net Margin
-84.0%
37.6%
Revenue YoY
-0.3%
20.6%
Net Profit YoY
48.6%
73.5%
EPS (diluted)
$0.94

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.

Revenue
CGC
CGC
OBT
OBT
Q4 25
$54.4M
$33.0M
Q3 25
$48.7M
$33.7M
Q2 25
$52.7M
$32.5M
Q1 25
$47.5M
$28.0M
Q4 24
$54.6M
$27.4M
Q3 24
$46.0M
$27.1M
Q2 24
$48.3M
$27.9M
Q1 24
$53.1M
$25.3M
Net Profit
CGC
CGC
OBT
OBT
Q4 25
$-45.7M
$12.4M
Q3 25
$-1.2M
$10.0M
Q2 25
$-30.3M
$10.5M
Q1 25
$8.7M
Q4 24
$-89.0M
$7.2M
Q3 24
$-93.7M
$3.2M
Q2 24
$-92.8M
$8.2M
Q1 24
$9.3M
Gross Margin
CGC
CGC
OBT
OBT
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%
Operating Margin
CGC
CGC
OBT
OBT
Q4 25
-35.3%
41.4%
Q3 25
-25.3%
38.6%
Q2 25
-31.4%
41.9%
Q1 25
40.3%
Q4 24
-31.9%
32.8%
Q3 24
-72.9%
14.8%
Q2 24
-44.0%
36.6%
Q1 24
45.9%
Net Margin
CGC
CGC
OBT
OBT
Q4 25
-84.0%
37.6%
Q3 25
-2.5%
29.7%
Q2 25
-57.6%
32.2%
Q1 25
31.1%
Q4 24
-163.0%
26.2%
Q3 24
-203.7%
11.8%
Q2 24
-192.0%
29.4%
Q1 24
36.7%
EPS (diluted)
CGC
CGC
OBT
OBT
Q4 25
$0.94
Q3 25
$0.75
Q2 25
$0.87
Q1 25
$0.77
Q4 24
$0.64
Q3 24
$0.28
Q2 24
$0.73
Q1 24
$0.82

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CGC
CGC
OBT
OBT
Cash + ST InvestmentsLiquidity on hand
$271.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$553.5M
$284.4M
Total Assets
$807.5M
$2.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CGC
CGC
OBT
OBT
Q4 25
$271.1M
Q3 25
$217.6M
Q2 25
$104.8M
Q1 25
$96.0M
Q4 24
$130.2M
Q3 24
$168.8M
Q2 24
$142.3M
Q1 24
$148.5M
Stockholders' Equity
CGC
CGC
OBT
OBT
Q4 25
$553.5M
$284.4M
Q3 25
$537.3M
$270.1M
Q2 25
$357.0M
$252.6M
Q1 25
$355.7M
$201.3M
Q4 24
$431.8M
$185.5M
Q3 24
$372.1M
$193.1M
Q2 24
$389.0M
$177.5M
Q1 24
$365.3M
$168.7M
Total Assets
CGC
CGC
OBT
OBT
Q4 25
$807.5M
$2.7B
Q3 25
$781.0M
$2.6B
Q2 25
$660.4M
$2.6B
Q1 25
$669.9M
$2.6B
Q4 24
$849.9M
$2.5B
Q3 24
$899.6M
$2.5B
Q2 24
$938.9M
$2.5B
Q1 24
$949.2M
$2.5B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CGC
CGC
OBT
OBT
Operating Cash FlowLast quarter
$43.8M
Free Cash FlowOCF − Capex
$41.3M
FCF MarginFCF / Revenue
125.1%
Capex IntensityCapex / Revenue
7.6%
Cash ConversionOCF / Net Profit
3.53×
TTM Free Cash FlowTrailing 4 quarters
$69.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CGC
CGC
OBT
OBT
Q4 25
$43.8M
Q3 25
$30.2M
Q2 25
$-7.5M
$-5.0M
Q1 25
$-121.0M
$4.8M
Q4 24
$34.6M
Q3 24
$10.2M
Q2 24
$-37.8M
$9.3M
Q1 24
$-205.8M
$2.3M
Free Cash Flow
CGC
CGC
OBT
OBT
Q4 25
$41.3M
Q3 25
$29.6M
Q2 25
$-8.5M
$-5.7M
Q1 25
$-128.9M
$4.3M
Q4 24
$32.9M
Q3 24
$10.0M
Q2 24
$-40.7M
$9.2M
Q1 24
$-208.3M
$2.0M
FCF Margin
CGC
CGC
OBT
OBT
Q4 25
125.1%
Q3 25
87.8%
Q2 25
-16.1%
-17.5%
Q1 25
-271.5%
15.5%
Q4 24
120.0%
Q3 24
36.7%
Q2 24
-84.1%
32.8%
Q1 24
-392.1%
7.9%
Capex Intensity
CGC
CGC
OBT
OBT
Q4 25
7.6%
Q3 25
1.8%
Q2 25
1.8%
2.3%
Q1 25
16.6%
1.8%
Q4 24
6.3%
Q3 24
1.1%
Q2 24
5.9%
0.4%
Q1 24
4.7%
1.0%
Cash Conversion
CGC
CGC
OBT
OBT
Q4 25
3.53×
Q3 25
3.01×
Q2 25
-0.47×
Q1 25
0.56×
Q4 24
4.83×
Q3 24
3.19×
Q2 24
1.13×
Q1 24
0.24×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CGC
CGC

Other$24.0M44%
Canadian Adult Use Cannabis$22.9M42%
International Markets Cannabis$6.2M11%
Other Geographical Area$1.2M2%

OBT
OBT

Segment breakdown not available.

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