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Side-by-side financial comparison of Canopy Growth Corp (CGC) and SANDRIDGE ENERGY INC (SD). Click either name above to swap in a different company.
Canopy Growth Corp is the larger business by last-quarter revenue ($54.4M vs $39.4M, roughly 1.4× SANDRIDGE ENERGY INC). SANDRIDGE ENERGY INC runs the higher net margin — 54.9% vs -84.0%, a 138.9% gap on every dollar of revenue. On growth, SANDRIDGE ENERGY INC posted the faster year-over-year revenue change (1.1% vs -0.3%). Over the past eight quarters, SANDRIDGE ENERGY INC's revenue compounded faster (14.1% CAGR vs 1.2%).
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
SandRidge Energy, Inc. is a company engaged in hydrocarbon exploration in the Mid-Continent region of the United States. It is organized in Delaware and headquartered in Oklahoma City, Oklahoma.
CGC vs SD — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $54.4M | $39.4M |
| Net Profit | $-45.7M | $21.6M |
| Gross Margin | 28.8% | — |
| Operating Margin | -35.3% | 38.5% |
| Net Margin | -84.0% | 54.9% |
| Revenue YoY | -0.3% | 1.1% |
| Net Profit YoY | 48.6% | 23.1% |
| EPS (diluted) | — | $0.59 |
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 | $39.4M | ||
| Q3 25 | $48.7M | $39.8M | ||
| Q2 25 | $52.7M | $34.5M | ||
| Q1 25 | $47.5M | $42.6M | ||
| Q4 24 | $54.6M | $39.0M | ||
| Q3 24 | $46.0M | $30.1M | ||
| Q2 24 | $48.3M | $26.0M | ||
| Q1 24 | $53.1M | $30.3M |
| Q4 25 | $-45.7M | $21.6M | ||
| Q3 25 | $-1.2M | $16.0M | ||
| Q2 25 | $-30.3M | $19.6M | ||
| Q1 25 | — | $13.0M | ||
| Q4 24 | $-89.0M | $17.6M | ||
| Q3 24 | $-93.7M | $25.5M | ||
| Q2 24 | $-92.8M | $8.8M | ||
| Q1 24 | — | $11.1M |
| 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% | 38.5% | ||
| Q3 25 | -25.3% | 37.8% | ||
| Q2 25 | -31.4% | 53.7% | ||
| Q1 25 | — | 28.6% | ||
| Q4 24 | -31.9% | 25.9% | ||
| Q3 24 | -72.9% | 28.3% | ||
| Q2 24 | -44.0% | 23.9% | ||
| Q1 24 | — | 27.8% |
| Q4 25 | -84.0% | 54.9% | ||
| Q3 25 | -2.5% | 40.1% | ||
| Q2 25 | -57.6% | 56.6% | ||
| Q1 25 | — | 30.6% | ||
| Q4 24 | -163.0% | 45.1% | ||
| Q3 24 | -203.7% | 84.8% | ||
| Q2 24 | -192.0% | 33.9% | ||
| Q1 24 | — | 36.7% |
| Q4 25 | — | $0.59 | ||
| Q3 25 | — | $0.43 | ||
| Q2 25 | — | $0.53 | ||
| Q1 25 | — | $0.35 | ||
| Q4 24 | — | $0.46 | ||
| Q3 24 | — | $0.69 | ||
| Q2 24 | — | $0.24 | ||
| Q1 24 | — | $0.30 |
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 | $111.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $553.5M | $510.9M |
| Total Assets | $807.5M | $644.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.1M | $111.0M | ||
| Q3 25 | $217.6M | $101.2M | ||
| Q2 25 | $104.8M | $102.8M | ||
| Q1 25 | $96.0M | $99.7M | ||
| Q4 24 | $130.2M | $98.1M | ||
| Q3 24 | $168.8M | $92.7M | ||
| Q2 24 | $142.3M | $209.9M | ||
| Q1 24 | $148.5M | $207.0M |
| Q4 25 | $553.5M | $510.9M | ||
| Q3 25 | $537.3M | $492.4M | ||
| Q2 25 | $357.0M | $480.2M | ||
| Q1 25 | $355.7M | $464.9M | ||
| Q4 24 | $431.8M | $460.5M | ||
| Q3 24 | $372.1M | $446.8M | ||
| Q2 24 | $389.0M | $424.8M | ||
| Q1 24 | $365.3M | $419.7M |
| Q4 25 | $807.5M | $644.0M | ||
| Q3 25 | $781.0M | $619.0M | ||
| Q2 25 | $660.4M | $602.3M | ||
| Q1 25 | $669.9M | $588.3M | ||
| Q4 24 | $849.9M | $581.5M | ||
| Q3 24 | $899.6M | $565.2M | ||
| Q2 24 | $938.9M | $529.6M | ||
| Q1 24 | $949.2M | $527.4M |
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 | — | $31.7M |
| Free Cash FlowOCF − Capex | — | $14.4M |
| FCF MarginFCF / Revenue | — | 36.6% |
| Capex IntensityCapex / Revenue | — | 43.8% |
| Cash ConversionOCF / Net Profit | — | 1.46× |
| TTM Free Cash FlowTrailing 4 quarters | — | $41.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $31.7M | ||
| Q3 25 | — | $25.3M | ||
| Q2 25 | $-7.5M | $22.9M | ||
| Q1 25 | $-121.0M | $20.3M | ||
| Q4 24 | — | $26.0M | ||
| Q3 24 | — | $20.8M | ||
| Q2 24 | $-37.8M | $11.4M | ||
| Q1 24 | $-205.8M | $15.7M |
| Q4 25 | — | $14.4M | ||
| Q3 25 | — | $5.9M | ||
| Q2 25 | $-8.5M | $7.3M | ||
| Q1 25 | $-128.9M | $13.9M | ||
| Q4 24 | — | $13.2M | ||
| Q3 24 | — | $10.8M | ||
| Q2 24 | $-40.7M | $9.0M | ||
| Q1 24 | $-208.3M | $14.6M |
| Q4 25 | — | 36.6% | ||
| Q3 25 | — | 14.9% | ||
| Q2 25 | -16.1% | 21.0% | ||
| Q1 25 | -271.5% | 32.7% | ||
| Q4 24 | — | 33.8% | ||
| Q3 24 | — | 36.1% | ||
| Q2 24 | -84.1% | 34.5% | ||
| Q1 24 | -392.1% | 48.1% |
| Q4 25 | — | 43.8% | ||
| Q3 25 | — | 48.6% | ||
| Q2 25 | 1.8% | 45.2% | ||
| Q1 25 | 16.6% | 15.0% | ||
| Q4 24 | — | 32.9% | ||
| Q3 24 | — | 33.3% | ||
| Q2 24 | 5.9% | 9.4% | ||
| Q1 24 | 4.7% | 3.7% |
| Q4 25 | — | 1.46× | ||
| Q3 25 | — | 1.58× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | — | 0.82× | ||
| Q2 24 | — | 1.30× | ||
| Q1 24 | — | 1.41× |
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% |
SD
| Oil Reserves | $19.0M | 48% |
| Natural Gas Reserves | $11.6M | 30% |
| Natural Gas Liquids Reserves | $8.7M | 22% |
