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Side-by-side financial comparison of Canopy Growth Corp (CGC) and Orchid Island Capital, Inc. (ORC). Click either name above to swap in a different company.
Canopy Growth Corp is the larger business by last-quarter revenue ($54.4M vs $38.5M, roughly 1.4× Orchid Island Capital, Inc.). Orchid Island Capital, Inc. runs the higher net margin — 268.7% vs -84.0%, a 352.7% gap on every dollar of revenue. On growth, Orchid Island Capital, Inc. posted the faster year-over-year revenue change (372.6% vs -0.3%). Over the past eight quarters, Orchid Island Capital, Inc.'s revenue compounded faster (301.6% CAGR vs 1.2%).
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
Orchid Island Capital, Inc. is a U.S.-based specialty finance company operating as a real estate investment trust. It primarily invests in residential mortgage-backed securities, including agency and non-agency products, targeting consistent risk-adjusted returns for its investors across U.S. fixed income markets.
CGC vs ORC — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $54.4M | $38.5M |
| Net Profit | $-45.7M | $103.4M |
| Gross Margin | 28.8% | — |
| Operating Margin | -35.3% | — |
| Net Margin | -84.0% | 268.7% |
| Revenue YoY | -0.3% | 372.6% |
| Net Profit YoY | 48.6% | 1764.9% |
| 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 | $38.5M | ||
| Q3 25 | $48.7M | $26.9M | ||
| Q2 25 | $52.7M | $23.2M | ||
| Q1 25 | $47.5M | $19.7M | ||
| Q4 24 | $54.6M | — | ||
| Q3 24 | $46.0M | $340.0K | ||
| Q2 24 | $48.3M | $-697.0K | ||
| Q1 24 | $53.1M | $-2.5M |
| Q4 25 | $-45.7M | $103.4M | ||
| Q3 25 | $-1.2M | $72.1M | ||
| Q2 25 | $-30.3M | $-33.6M | ||
| Q1 25 | — | $17.1M | ||
| Q4 24 | $-89.0M | — | ||
| Q3 24 | $-93.7M | $17.3M | ||
| Q2 24 | $-92.8M | $-5.0M | ||
| Q1 24 | — | $19.8M |
| 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% | — | ||
| Q3 25 | -25.3% | — | ||
| Q2 25 | -31.4% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -31.9% | — | ||
| Q3 24 | -72.9% | — | ||
| Q2 24 | -44.0% | — | ||
| Q1 24 | — | — |
| Q4 25 | -84.0% | 268.7% | ||
| Q3 25 | -2.5% | 267.8% | ||
| Q2 25 | -57.6% | -145.0% | ||
| Q1 25 | — | 86.9% | ||
| Q4 24 | -163.0% | — | ||
| Q3 24 | -203.7% | 5094.1% | ||
| Q2 24 | -192.0% | 714.3% | ||
| Q1 24 | — | -794.2% |
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 | $665.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $553.5M | $1.4B |
| Total Assets | $807.5M | $11.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.1M | $665.9M | ||
| Q3 25 | $217.6M | $583.9M | ||
| Q2 25 | $104.8M | $440.8M | ||
| Q1 25 | $96.0M | $396.4M | ||
| Q4 24 | $130.2M | — | ||
| Q3 24 | $168.8M | $322.1M | ||
| Q2 24 | $142.3M | $241.0M | ||
| Q1 24 | $148.5M | $190.4M |
| Q4 25 | $553.5M | $1.4B | ||
| Q3 25 | $537.3M | $1.1B | ||
| Q2 25 | $357.0M | $912.0M | ||
| Q1 25 | $355.7M | $855.9M | ||
| Q4 24 | $431.8M | — | ||
| Q3 24 | $372.1M | $656.0M | ||
| Q2 24 | $389.0M | $555.9M | ||
| Q1 24 | $365.3M | $481.6M |
| Q4 25 | $807.5M | $11.7B | ||
| Q3 25 | $781.0M | $9.1B | ||
| Q2 25 | $660.4M | $7.6B | ||
| Q1 25 | $669.9M | $7.3B | ||
| Q4 24 | $849.9M | — | ||
| Q3 24 | $899.6M | $5.9B | ||
| Q2 24 | $938.9M | $4.9B | ||
| Q1 24 | $949.2M | $4.2B |
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 | — | $120.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 1.16× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $120.4M | ||
| Q3 25 | — | $28.0M | ||
| Q2 25 | $-7.5M | $18.4M | ||
| Q1 25 | $-121.0M | $25.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-14.8M | ||
| Q2 24 | $-37.8M | $19.3M | ||
| Q1 24 | $-205.8M | $45.0M |
| 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 | — | 1.16× | ||
| Q3 25 | — | 0.39× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.51× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -0.86× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.28× |
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% |
ORC
Segment breakdown not available.
