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Side-by-side financial comparison of Canopy Growth Corp (CGC) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
Canopy Growth Corp is the larger business by last-quarter revenue ($54.4M vs $36.5M, roughly 1.5× SmartRent, Inc.). SmartRent, Inc. runs the higher net margin — -8.9% vs -84.0%, a 75.1% gap on every dollar of revenue. On growth, SmartRent, Inc. posted the faster year-over-year revenue change (3.1% vs -0.3%). Over the past eight quarters, Canopy Growth Corp's revenue compounded faster (1.2% CAGR vs -15.0%).
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
CGC vs SMRT — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $54.4M | $36.5M |
| Net Profit | $-45.7M | $-3.2M |
| Gross Margin | 28.8% | 38.6% |
| Operating Margin | -35.3% | -10.9% |
| Net Margin | -84.0% | -8.9% |
| Revenue YoY | -0.3% | 3.1% |
| Net Profit YoY | 48.6% | 71.6% |
| EPS (diluted) | — | $-0.02 |
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 | $36.5M | ||
| Q3 25 | $48.7M | $36.2M | ||
| Q2 25 | $52.7M | $38.3M | ||
| Q1 25 | $47.5M | $41.3M | ||
| Q4 24 | $54.6M | $35.4M | ||
| Q3 24 | $46.0M | $40.5M | ||
| Q2 24 | $48.3M | $48.5M | ||
| Q1 24 | $53.1M | $50.5M |
| Q4 25 | $-45.7M | $-3.2M | ||
| Q3 25 | $-1.2M | $-6.3M | ||
| Q2 25 | $-30.3M | $-10.9M | ||
| Q1 25 | — | $-40.2M | ||
| Q4 24 | $-89.0M | $-11.4M | ||
| Q3 24 | $-93.7M | $-9.9M | ||
| Q2 24 | $-92.8M | $-4.6M | ||
| Q1 24 | — | $-7.7M |
| Q4 25 | 28.8% | 38.6% | ||
| Q3 25 | 32.8% | 26.4% | ||
| Q2 25 | 25.0% | 33.1% | ||
| Q1 25 | 16.2% | 32.8% | ||
| Q4 24 | 32.2% | 28.7% | ||
| Q3 24 | 34.7% | 33.2% | ||
| Q2 24 | 34.8% | 35.7% | ||
| Q1 24 | 21.3% | 38.5% |
| Q4 25 | -35.3% | -10.9% | ||
| Q3 25 | -25.3% | -19.4% | ||
| Q2 25 | -31.4% | -30.5% | ||
| Q1 25 | — | -99.9% | ||
| Q4 24 | -31.9% | -36.6% | ||
| Q3 24 | -72.9% | -29.0% | ||
| Q2 24 | -44.0% | -14.3% | ||
| Q1 24 | — | -20.1% |
| Q4 25 | -84.0% | -8.9% | ||
| Q3 25 | -2.5% | -17.3% | ||
| Q2 25 | -57.6% | -28.3% | ||
| Q1 25 | — | -97.2% | ||
| Q4 24 | -163.0% | -32.3% | ||
| Q3 24 | -203.7% | -24.5% | ||
| Q2 24 | -192.0% | -9.5% | ||
| Q1 24 | — | -15.2% |
| Q4 25 | — | $-0.02 | ||
| Q3 25 | — | $-0.03 | ||
| Q2 25 | — | $-0.06 | ||
| Q1 25 | — | $-0.21 | ||
| Q4 24 | — | $-0.06 | ||
| Q3 24 | — | $-0.05 | ||
| Q2 24 | — | $-0.02 | ||
| Q1 24 | — | $-0.04 |
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 | $104.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $553.5M | $232.1M |
| Total Assets | $807.5M | $320.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.1M | $104.5M | ||
| Q3 25 | $217.6M | $100.0M | ||
| Q2 25 | $104.8M | $105.0M | ||
| Q1 25 | $96.0M | $125.6M | ||
| Q4 24 | $130.2M | $142.5M | ||
| Q3 24 | $168.8M | $163.4M | ||
| Q2 24 | $142.3M | $187.4M | ||
| Q1 24 | $148.5M | $204.7M |
| Q4 25 | $553.5M | $232.1M | ||
| Q3 25 | $537.3M | $234.4M | ||
| Q2 25 | $357.0M | $238.8M | ||
| Q1 25 | $355.7M | $250.7M | ||
| Q4 24 | $431.8M | $289.4M | ||
| Q3 24 | $372.1M | $305.1M | ||
| Q2 24 | $389.0M | $329.4M | ||
| Q1 24 | $365.3M | $333.1M |
| Q4 25 | $807.5M | $320.9M | ||
| Q3 25 | $781.0M | $335.8M | ||
| Q2 25 | $660.4M | $354.0M | ||
| Q1 25 | $669.9M | $366.1M | ||
| Q4 24 | $849.9M | $420.2M | ||
| Q3 24 | $899.6M | $448.6M | ||
| Q2 24 | $938.9M | $475.3M | ||
| Q1 24 | $949.2M | $485.5M |
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 | — | $7.7M |
| Free Cash FlowOCF − Capex | — | $7.7M |
| FCF MarginFCF / Revenue | — | 21.0% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $7.7M | ||
| Q3 25 | — | $-2.1M | ||
| Q2 25 | $-7.5M | $-14.9M | ||
| Q1 25 | $-121.0M | $-12.2M | ||
| Q4 24 | — | $-12.0M | ||
| Q3 24 | — | $-3.7M | ||
| Q2 24 | $-37.8M | $-13.9M | ||
| Q1 24 | $-205.8M | $-3.3M |
| Q4 25 | — | $7.7M | ||
| Q3 25 | — | $-2.2M | ||
| Q2 25 | $-8.5M | $-16.2M | ||
| Q1 25 | $-128.9M | $-14.3M | ||
| Q4 24 | — | $-13.3M | ||
| Q3 24 | — | $-3.9M | ||
| Q2 24 | $-40.7M | $-14.1M | ||
| Q1 24 | $-208.3M | $-3.4M |
| Q4 25 | — | 21.0% | ||
| Q3 25 | — | -6.1% | ||
| Q2 25 | -16.1% | -42.3% | ||
| Q1 25 | -271.5% | -34.7% | ||
| Q4 24 | — | -37.5% | ||
| Q3 24 | — | -9.7% | ||
| Q2 24 | -84.1% | -29.1% | ||
| Q1 24 | -392.1% | -6.7% |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | 1.8% | 3.3% | ||
| Q1 25 | 16.6% | 5.3% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | 5.9% | 0.5% | ||
| Q1 24 | 4.7% | 0.1% |
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% |
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
