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Side-by-side financial comparison of Canopy Growth Corp (CGC) and RADWARE LTD (RDWR). Click either name above to swap in a different company.

RADWARE LTD is the larger business by last-quarter revenue ($75.3M vs $54.4M, roughly 1.4× Canopy Growth Corp). RADWARE LTD runs the higher net margin — 7.5% vs -84.0%, a 91.5% gap on every dollar of revenue. Over the past eight quarters, RADWARE LTD's revenue compounded faster (7.1% CAGR vs 1.2%).

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

Radware Ltd. is an American provider of cybersecurity and application delivery products for physical, cloud and software-defined data centers. Radware's corporate headquarters are located in Mahwah, New Jersey. The company also has offices in Europe, Africa and Asia Pacific regions. The company's global headquarters is in Israel. Radware is a member of the Rad Group of companies and its shares are traded on NASDAQ.

CGC vs RDWR — Head-to-Head

Bigger by revenue
RDWR
RDWR
1.4× larger
RDWR
$75.3M
$54.4M
CGC
Higher net margin
RDWR
RDWR
91.5% more per $
RDWR
7.5%
-84.0%
CGC
Faster 2-yr revenue CAGR
RDWR
RDWR
Annualised
RDWR
7.1%
1.2%
CGC

Income Statement — Q3 FY2026 vs Q3 FY2025

Metric
CGC
CGC
RDWR
RDWR
Revenue
$54.4M
$75.3M
Net Profit
$-45.7M
$5.7M
Gross Margin
28.8%
80.7%
Operating Margin
-35.3%
4.1%
Net Margin
-84.0%
7.5%
Revenue YoY
-0.3%
Net Profit YoY
48.6%
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.

Revenue
CGC
CGC
RDWR
RDWR
Q4 25
$54.4M
Q3 25
$48.7M
$75.3M
Q2 25
$52.7M
$74.2M
Q1 25
$47.5M
$72.1M
Q4 24
$54.6M
Q3 24
$46.0M
$69.5M
Q2 24
$48.3M
$67.3M
Q1 24
$53.1M
$65.1M
Net Profit
CGC
CGC
RDWR
RDWR
Q4 25
$-45.7M
Q3 25
$-1.2M
$5.7M
Q2 25
$-30.3M
$4.2M
Q1 25
$4.3M
Q4 24
$-89.0M
Q3 24
$-93.7M
$3.1M
Q2 24
$-92.8M
$1.7M
Q1 24
$-1.2M
Gross Margin
CGC
CGC
RDWR
RDWR
Q4 25
28.8%
Q3 25
32.8%
80.7%
Q2 25
25.0%
80.7%
Q1 25
16.2%
80.6%
Q4 24
32.2%
Q3 24
34.7%
80.7%
Q2 24
34.8%
80.6%
Q1 24
21.3%
80.3%
Operating Margin
CGC
CGC
RDWR
RDWR
Q4 25
-35.3%
Q3 25
-25.3%
4.1%
Q2 25
-31.4%
3.8%
Q1 25
2.2%
Q4 24
-31.9%
Q3 24
-72.9%
-0.0%
Q2 24
-44.0%
-1.8%
Q1 24
-5.6%
Net Margin
CGC
CGC
RDWR
RDWR
Q4 25
-84.0%
Q3 25
-2.5%
7.5%
Q2 25
-57.6%
5.7%
Q1 25
6.0%
Q4 24
-163.0%
Q3 24
-203.7%
4.5%
Q2 24
-192.0%
2.5%
Q1 24
-1.9%

Balance Sheet & Financial Strength

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

Metric
CGC
CGC
RDWR
RDWR
Cash + ST InvestmentsLiquidity on hand
$271.1M
$98.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$553.5M
$357.1M
Total Assets
$807.5M
$618.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CGC
CGC
RDWR
RDWR
Q4 25
$271.1M
Q3 25
$217.6M
$98.7M
Q2 25
$104.8M
$98.7M
Q1 25
$96.0M
$98.7M
Q4 24
$130.2M
Q3 24
$168.8M
$70.5M
Q2 24
$142.3M
$70.5M
Q1 24
$148.5M
$70.5M
Stockholders' Equity
CGC
CGC
RDWR
RDWR
Q4 25
$553.5M
Q3 25
$537.3M
$357.1M
Q2 25
$357.0M
$357.1M
Q1 25
$355.7M
$357.1M
Q4 24
$431.8M
Q3 24
$372.1M
$323.3M
Q2 24
$389.0M
$323.3M
Q1 24
$365.3M
$323.3M
Total Assets
CGC
CGC
RDWR
RDWR
Q4 25
$807.5M
Q3 25
$781.0M
$618.7M
Q2 25
$660.4M
$618.7M
Q1 25
$669.9M
$618.7M
Q4 24
$849.9M
Q3 24
$899.6M
$571.9M
Q2 24
$938.9M
$571.9M
Q1 24
$949.2M
$571.9M

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%

RDWR
RDWR

Segment breakdown not available.

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