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Side-by-side financial comparison of Canopy Growth Corp (CGC) and SHORE BANCSHARES INC (SHBI). Click either name above to swap in a different company.
SHORE BANCSHARES INC is the larger business by last-quarter revenue ($59.1M vs $54.4M, roughly 1.1× Canopy Growth Corp). On growth, SHORE BANCSHARES INC posted the faster year-over-year revenue change (11.8% vs -0.3%). Over the past eight quarters, SHORE BANCSHARES INC's revenue compounded faster (11.3% CAGR vs 1.2%).
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
Shore Bancshares Inc. is a U.S. regional bank holding company headquartered in Maryland. It offers a full range of retail and commercial banking services, including deposit products, personal and commercial loans, and wealth management solutions, primarily serving local individual customers, small businesses and mid-sized enterprises in its operating regions.
CGC vs SHBI — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $54.4M | $59.1M |
| Net Profit | $-45.7M | — |
| Gross Margin | 28.8% | — |
| Operating Margin | -35.3% | 35.2% |
| Net Margin | -84.0% | — |
| Revenue YoY | -0.3% | 11.8% |
| Net Profit YoY | 48.6% | — |
| EPS (diluted) | — | $0.48 |
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 | $59.1M | ||
| Q3 25 | $48.7M | $56.4M | ||
| Q2 25 | $52.7M | $56.6M | ||
| Q1 25 | $47.5M | $53.0M | ||
| Q4 24 | $54.6M | $52.9M | ||
| Q3 24 | $46.0M | $50.5M | ||
| Q2 24 | $48.3M | $50.6M | ||
| Q1 24 | $53.1M | $47.7M |
| Q4 25 | $-45.7M | — | ||
| Q3 25 | $-1.2M | $14.3M | ||
| Q2 25 | $-30.3M | $15.5M | ||
| Q1 25 | — | $13.8M | ||
| Q4 24 | $-89.0M | — | ||
| Q3 24 | $-93.7M | $11.2M | ||
| Q2 24 | $-92.8M | $11.2M | ||
| Q1 24 | — | $8.2M |
| 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% | 35.2% | ||
| Q3 25 | -25.3% | 33.7% | ||
| Q2 25 | -31.4% | 36.5% | ||
| Q1 25 | — | 34.4% | ||
| Q4 24 | -31.9% | 34.3% | ||
| Q3 24 | -72.9% | 29.6% | ||
| Q2 24 | -44.0% | 29.7% | ||
| Q1 24 | — | 22.2% |
| Q4 25 | -84.0% | — | ||
| Q3 25 | -2.5% | 25.5% | ||
| Q2 25 | -57.6% | 27.4% | ||
| Q1 25 | — | 26.0% | ||
| Q4 24 | -163.0% | — | ||
| Q3 24 | -203.7% | 22.1% | ||
| Q2 24 | -192.0% | 22.2% | ||
| Q1 24 | — | 17.2% |
| Q4 25 | — | $0.48 | ||
| Q3 25 | — | $0.43 | ||
| Q2 25 | — | $0.46 | ||
| Q1 25 | — | $0.41 | ||
| Q4 24 | — | $0.39 | ||
| Q3 24 | — | $0.34 | ||
| Q2 24 | — | $0.34 | ||
| Q1 24 | — | $0.25 |
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 | $355.6M |
| Total DebtLower is stronger | — | $89.1M |
| Stockholders' EquityBook value | $553.5M | $589.9M |
| Total Assets | $807.5M | $6.3B |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.1M | $355.6M | ||
| Q3 25 | $217.6M | $416.5M | ||
| Q2 25 | $104.8M | $185.0M | ||
| Q1 25 | $96.0M | $389.0M | ||
| Q4 24 | $130.2M | $459.9M | ||
| Q3 24 | $168.8M | $183.6M | ||
| Q2 24 | $142.3M | $138.9M | ||
| Q1 24 | $148.5M | $114.6M |
| Q4 25 | — | $89.1M | ||
| Q3 25 | — | $74.5M | ||
| Q2 25 | — | $74.2M | ||
| Q1 25 | — | $74.0M | ||
| Q4 24 | — | $73.7M | ||
| Q3 24 | — | $123.5M | ||
| Q2 24 | — | $122.8M | ||
| Q1 24 | — | $72.6M |
| Q4 25 | $553.5M | $589.9M | ||
| Q3 25 | $537.3M | $577.2M | ||
| Q2 25 | $357.0M | $565.2M | ||
| Q1 25 | $355.7M | $552.5M | ||
| Q4 24 | $431.8M | $541.1M | ||
| Q3 24 | $372.1M | $533.3M | ||
| Q2 24 | $389.0M | $522.8M | ||
| Q1 24 | $365.3M | $515.2M |
| Q4 25 | $807.5M | $6.3B | ||
| Q3 25 | $781.0M | $6.3B | ||
| Q2 25 | $660.4M | $6.0B | ||
| Q1 25 | $669.9M | $6.2B | ||
| Q4 24 | $849.9M | $6.2B | ||
| Q3 24 | $899.6M | $5.9B | ||
| Q2 24 | $938.9M | $5.9B | ||
| Q1 24 | $949.2M | $5.8B |
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.13× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.23× | ||
| Q2 24 | — | 0.23× | ||
| Q1 24 | — | 0.14× |
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 | — | $62.4M |
| Free Cash FlowOCF − Capex | — | $59.2M |
| FCF MarginFCF / Revenue | — | 100.2% |
| Capex IntensityCapex / Revenue | — | 5.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $110.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $62.4M | ||
| Q3 25 | — | $42.5M | ||
| Q2 25 | $-7.5M | $-8.3M | ||
| Q1 25 | $-121.0M | $19.8M | ||
| Q4 24 | — | $46.9M | ||
| Q3 24 | — | $9.1M | ||
| Q2 24 | $-37.8M | $3.0M | ||
| Q1 24 | $-205.8M | $2.4M |
| Q4 25 | — | $59.2M | ||
| Q3 25 | — | $41.9M | ||
| Q2 25 | $-8.5M | $-9.2M | ||
| Q1 25 | $-128.9M | $18.8M | ||
| Q4 24 | — | $41.7M | ||
| Q3 24 | — | $8.4M | ||
| Q2 24 | $-40.7M | $1.4M | ||
| Q1 24 | $-208.3M | $614.0K |
| Q4 25 | — | 100.2% | ||
| Q3 25 | — | 74.3% | ||
| Q2 25 | -16.1% | -16.3% | ||
| Q1 25 | -271.5% | 35.4% | ||
| Q4 24 | — | 78.8% | ||
| Q3 24 | — | 16.7% | ||
| Q2 24 | -84.1% | 2.9% | ||
| Q1 24 | -392.1% | 1.3% |
| Q4 25 | — | 5.4% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | 1.8% | 1.6% | ||
| Q1 25 | 16.6% | 1.9% | ||
| Q4 24 | — | 9.9% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | 5.9% | 3.1% | ||
| Q1 24 | 4.7% | 3.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.96× | ||
| Q2 25 | — | -0.54× | ||
| Q1 25 | — | 1.44× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.81× | ||
| Q2 24 | — | 0.27× | ||
| Q1 24 | — | 0.29× |
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% |
SHBI
Segment breakdown not available.
