vs
Side-by-side financial comparison of Canopy Growth Corp (CGC) and Ouster, Inc. (OUST). Click either name above to swap in a different company.
Ouster, Inc. is the larger business by last-quarter revenue ($62.2M vs $54.4M, roughly 1.1× Canopy Growth Corp). On growth, Ouster, Inc. posted the faster year-over-year revenue change (106.6% vs -0.3%). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (54.8% CAGR vs 1.2%).
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
Ouster, Inc. is an American lidar technology company headquartered in San Francisco, California. It builds high-resolution, digital 3D lidar sensors for use in autonomous vehicles, industrial, robotics, drones, mapping, defense, and security systems.
CGC vs OUST — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $54.4M | $62.2M |
| Net Profit | $-45.7M | — |
| Gross Margin | 28.8% | 60.2% |
| Operating Margin | -35.3% | 1.5% |
| Net Margin | -84.0% | — |
| Revenue YoY | -0.3% | 106.6% |
| Net Profit YoY | 48.6% | — |
| EPS (diluted) | — | $0.10 |
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 | $62.2M | ||
| Q3 25 | $48.7M | $39.5M | ||
| Q2 25 | $52.7M | $35.0M | ||
| Q1 25 | $47.5M | $32.6M | ||
| Q4 24 | $54.6M | $30.1M | ||
| Q3 24 | $46.0M | $28.1M | ||
| Q2 24 | $48.3M | $27.0M | ||
| Q1 24 | $53.1M | $25.9M |
| Q4 25 | $-45.7M | — | ||
| Q3 25 | $-1.2M | $-21.7M | ||
| Q2 25 | $-30.3M | $-20.6M | ||
| Q1 25 | — | $-22.0M | ||
| Q4 24 | $-89.0M | — | ||
| Q3 24 | $-93.7M | $-25.6M | ||
| Q2 24 | $-92.8M | $-23.9M | ||
| Q1 24 | — | $-23.8M |
| Q4 25 | 28.8% | 60.2% | ||
| Q3 25 | 32.8% | 42.1% | ||
| Q2 25 | 25.0% | 45.2% | ||
| Q1 25 | 16.2% | 41.3% | ||
| Q4 24 | 32.2% | 43.8% | ||
| Q3 24 | 34.7% | 38.3% | ||
| Q2 24 | 34.8% | 33.7% | ||
| Q1 24 | 21.3% | 28.6% |
| Q4 25 | -35.3% | 1.5% | ||
| Q3 25 | -25.3% | -61.4% | ||
| Q2 25 | -31.4% | -76.5% | ||
| Q1 25 | — | -73.0% | ||
| Q4 24 | -31.9% | -85.1% | ||
| Q3 24 | -72.9% | -98.0% | ||
| Q2 24 | -44.0% | -93.6% | ||
| Q1 24 | — | -99.5% |
| Q4 25 | -84.0% | — | ||
| Q3 25 | -2.5% | -55.0% | ||
| Q2 25 | -57.6% | -58.8% | ||
| Q1 25 | — | -67.5% | ||
| Q4 24 | -163.0% | — | ||
| Q3 24 | -203.7% | -91.1% | ||
| Q2 24 | -192.0% | -88.4% | ||
| Q1 24 | — | -91.9% |
| Q4 25 | — | $0.10 | ||
| Q3 25 | — | $-0.37 | ||
| Q2 25 | — | $-0.38 | ||
| Q1 25 | — | $-0.42 | ||
| Q4 24 | — | $-0.46 | ||
| Q3 24 | — | $-0.54 | ||
| Q2 24 | — | $-0.53 | ||
| Q1 24 | — | $-0.55 |
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 | $208.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $553.5M | $261.7M |
| Total Assets | $807.5M | $349.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.1M | $208.6M | ||
| Q3 25 | $217.6M | $244.5M | ||
| Q2 25 | $104.8M | $226.5M | ||
| Q1 25 | $96.0M | $168.2M | ||
| Q4 24 | $130.2M | $172.0M | ||
| Q3 24 | $168.8M | $151.4M | ||
| Q2 24 | $142.3M | $184.2M | ||
| Q1 24 | $148.5M | $187.8M |
| Q4 25 | $553.5M | $261.7M | ||
| Q3 25 | $537.3M | $247.4M | ||
| Q2 25 | $357.0M | $221.0M | ||
| Q1 25 | $355.7M | $167.9M | ||
| Q4 24 | $431.8M | $180.9M | ||
| Q3 24 | $372.1M | $171.7M | ||
| Q2 24 | $389.0M | $170.6M | ||
| Q1 24 | $365.3M | $167.2M |
| Q4 25 | $807.5M | $349.5M | ||
| Q3 25 | $781.0M | $353.8M | ||
| Q2 25 | $660.4M | $321.8M | ||
| Q1 25 | $669.9M | $268.6M | ||
| Q4 24 | $849.9M | $276.1M | ||
| Q3 24 | $899.6M | $255.2M | ||
| Q2 24 | $938.9M | $309.9M | ||
| Q1 24 | $949.2M | $317.7M |
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 | — | $-15.4M |
| Free Cash FlowOCF − Capex | — | $-37.2M |
| FCF MarginFCF / Revenue | — | -59.8% |
| Capex IntensityCapex / Revenue | — | 35.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-64.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-15.4M | ||
| Q3 25 | — | $-18.3M | ||
| Q2 25 | $-7.5M | $-1.3M | ||
| Q1 25 | $-121.0M | $-4.9M | ||
| Q4 24 | — | $-2.6M | ||
| Q3 24 | — | $-3.8M | ||
| Q2 24 | $-37.8M | $-21.6M | ||
| Q1 24 | $-205.8M | $-5.7M |
| Q4 25 | — | $-37.2M | ||
| Q3 25 | — | $-20.0M | ||
| Q2 25 | $-8.5M | $-2.2M | ||
| Q1 25 | $-128.9M | $-5.4M | ||
| Q4 24 | — | $-4.0M | ||
| Q3 24 | — | $-4.3M | ||
| Q2 24 | $-40.7M | $-22.0M | ||
| Q1 24 | $-208.3M | $-7.1M |
| Q4 25 | — | -59.8% | ||
| Q3 25 | — | -50.7% | ||
| Q2 25 | -16.1% | -6.3% | ||
| Q1 25 | -271.5% | -16.6% | ||
| Q4 24 | — | -13.3% | ||
| Q3 24 | — | -15.4% | ||
| Q2 24 | -84.1% | -81.5% | ||
| Q1 24 | -392.1% | -27.4% |
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | 1.8% | 2.5% | ||
| Q1 25 | 16.6% | 1.7% | ||
| Q4 24 | — | 4.8% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | 5.9% | 1.3% | ||
| Q1 24 | 4.7% | 5.3% |
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% |
OUST
Segment breakdown not available.
