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Side-by-side financial comparison of Canopy Growth Corp (CGC) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.
RE/MAX Holdings, Inc. is the larger business by last-quarter revenue ($71.1M vs $54.4M, roughly 1.3× Canopy Growth Corp). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -84.0%, a 86.0% gap on every dollar of revenue. On growth, Canopy Growth Corp posted the faster year-over-year revenue change (-0.3% vs -1.8%). Over the past eight quarters, Canopy Growth Corp's revenue compounded faster (1.2% CAGR vs -4.7%).
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.
CGC vs RMAX — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $54.4M | $71.1M |
| Net Profit | $-45.7M | $1.4M |
| Gross Margin | 28.8% | — |
| Operating Margin | -35.3% | 13.1% |
| Net Margin | -84.0% | 2.0% |
| Revenue YoY | -0.3% | -1.8% |
| Net Profit YoY | 48.6% | -75.2% |
| 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 | $71.1M | ||
| Q3 25 | $48.7M | $73.2M | ||
| Q2 25 | $52.7M | $72.8M | ||
| Q1 25 | $47.5M | $74.5M | ||
| Q4 24 | $54.6M | $72.5M | ||
| Q3 24 | $46.0M | $78.5M | ||
| Q2 24 | $48.3M | $78.5M | ||
| Q1 24 | $53.1M | $78.3M |
| Q4 25 | $-45.7M | $1.4M | ||
| Q3 25 | $-1.2M | $4.0M | ||
| Q2 25 | $-30.3M | $4.7M | ||
| Q1 25 | — | $-2.0M | ||
| Q4 24 | $-89.0M | $5.8M | ||
| Q3 24 | $-93.7M | $966.0K | ||
| Q2 24 | $-92.8M | $3.7M | ||
| Q1 24 | — | $-3.4M |
| 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% | 13.1% | ||
| Q3 25 | -25.3% | 25.0% | ||
| Q2 25 | -31.4% | 19.3% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | -31.9% | 5.9% | ||
| Q3 24 | -72.9% | 19.4% | ||
| Q2 24 | -44.0% | 20.6% | ||
| Q1 24 | — | 5.8% |
| Q4 25 | -84.0% | 2.0% | ||
| Q3 25 | -2.5% | 5.4% | ||
| Q2 25 | -57.6% | 6.4% | ||
| Q1 25 | — | -2.6% | ||
| Q4 24 | -163.0% | 8.0% | ||
| Q3 24 | -203.7% | 1.2% | ||
| Q2 24 | -192.0% | 4.7% | ||
| Q1 24 | — | -4.3% |
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 | $118.7M |
| Total DebtLower is stronger | — | $432.2M |
| Stockholders' EquityBook value | $553.5M | $452.4M |
| Total Assets | $807.5M | $582.5M |
| Debt / EquityLower = less leverage | — | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.1M | $118.7M | ||
| Q3 25 | $217.6M | $107.5M | ||
| Q2 25 | $104.8M | $94.3M | ||
| Q1 25 | $96.0M | $89.1M | ||
| Q4 24 | $130.2M | $96.6M | ||
| Q3 24 | $168.8M | $83.8M | ||
| Q2 24 | $142.3M | $66.1M | ||
| Q1 24 | $148.5M | $82.1M |
| Q4 25 | — | $432.2M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | — | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | — | $439.0M |
| Q4 25 | $553.5M | $452.4M | ||
| Q3 25 | $537.3M | $448.1M | ||
| Q2 25 | $357.0M | $442.4M | ||
| Q1 25 | $355.7M | $433.5M | ||
| Q4 24 | $431.8M | $429.5M | ||
| Q3 24 | $372.1M | $423.1M | ||
| Q2 24 | $389.0M | $418.4M | ||
| Q1 24 | $365.3M | $412.0M |
| Q4 25 | $807.5M | $582.5M | ||
| Q3 25 | $781.0M | $582.2M | ||
| Q2 25 | $660.4M | $574.8M | ||
| Q1 25 | $669.9M | $571.4M | ||
| Q4 24 | $849.9M | $581.6M | ||
| Q3 24 | $899.6M | $578.6M | ||
| Q2 24 | $938.9M | $571.4M | ||
| Q1 24 | $949.2M | $566.7M |
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.05× | ||
| Q1 24 | — | 1.07× |
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 | — | $40.9M |
| Free Cash FlowOCF − Capex | — | $33.5M |
| FCF MarginFCF / Revenue | — | 47.1% |
| Capex IntensityCapex / Revenue | — | 10.4% |
| Cash ConversionOCF / Net Profit | — | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | — | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $40.9M | ||
| Q3 25 | — | $17.7M | ||
| Q2 25 | $-7.5M | $4.6M | ||
| Q1 25 | $-121.0M | $5.7M | ||
| Q4 24 | — | $59.7M | ||
| Q3 24 | — | $17.6M | ||
| Q2 24 | $-37.8M | $15.9M | ||
| Q1 24 | $-205.8M | $9.4M |
| Q4 25 | — | $33.5M | ||
| Q3 25 | — | $16.4M | ||
| Q2 25 | $-8.5M | $2.9M | ||
| Q1 25 | $-128.9M | $4.0M | ||
| Q4 24 | — | $53.0M | ||
| Q3 24 | — | $16.3M | ||
| Q2 24 | $-40.7M | $14.0M | ||
| Q1 24 | $-208.3M | $6.8M |
| Q4 25 | — | 47.1% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | -16.1% | 4.0% | ||
| Q1 25 | -271.5% | 5.3% | ||
| Q4 24 | — | 73.2% | ||
| Q3 24 | — | 20.8% | ||
| Q2 24 | -84.1% | 17.8% | ||
| Q1 24 | -392.1% | 8.6% |
| Q4 25 | — | 10.4% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | 1.8% | 2.2% | ||
| Q1 25 | 16.6% | 2.3% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | 5.9% | 2.4% | ||
| Q1 24 | 4.7% | 3.3% |
| Q4 25 | — | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | — | 4.29× | ||
| Q1 24 | — | — |
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% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
