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Side-by-side financial comparison of Canopy Growth Corp (CGC) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.
Canopy Growth Corp is the larger business by last-quarter revenue ($54.4M vs $33.9M, roughly 1.6× Spok Holdings, Inc). Spok Holdings, Inc runs the higher net margin — 8.7% vs -84.0%, a 92.7% gap on every dollar of revenue. On growth, Spok Holdings, Inc posted the faster year-over-year revenue change (-0.1% vs -0.3%). Over the past eight quarters, Canopy Growth Corp's revenue compounded faster (1.2% CAGR vs -1.5%).
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
Spok Holdings, Inc. is a global provider of critical communication solutions primarily serving the healthcare industry. It offers unified clinical communication platforms, secure messaging tools, alerting systems, and on-call scheduling software that help care teams coordinate efficiently, cut response times, and boost patient safety across medical facilities.
CGC vs SPOK — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $54.4M | $33.9M |
| Net Profit | $-45.7M | $2.9M |
| Gross Margin | 28.8% | 76.7% |
| Operating Margin | -35.3% | 11.6% |
| Net Margin | -84.0% | 8.7% |
| Revenue YoY | -0.3% | -0.1% |
| Net Profit YoY | 48.6% | -19.6% |
| EPS (diluted) | — | $0.13 |
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 | $33.9M | ||
| Q3 25 | $48.7M | $33.9M | ||
| Q2 25 | $52.7M | $35.7M | ||
| Q1 25 | $47.5M | $36.3M | ||
| Q4 24 | $54.6M | $33.9M | ||
| Q3 24 | $46.0M | $34.9M | ||
| Q2 24 | $48.3M | $34.0M | ||
| Q1 24 | $53.1M | $34.9M |
| Q4 25 | $-45.7M | $2.9M | ||
| Q3 25 | $-1.2M | $3.2M | ||
| Q2 25 | $-30.3M | $4.6M | ||
| Q1 25 | — | $5.2M | ||
| Q4 24 | $-89.0M | $3.6M | ||
| Q3 24 | $-93.7M | $3.7M | ||
| Q2 24 | $-92.8M | $3.4M | ||
| Q1 24 | — | $4.2M |
| Q4 25 | 28.8% | 76.7% | ||
| Q3 25 | 32.8% | 78.3% | ||
| Q2 25 | 25.0% | 79.5% | ||
| Q1 25 | 16.2% | 80.1% | ||
| Q4 24 | 32.2% | 78.5% | ||
| Q3 24 | 34.7% | 79.5% | ||
| Q2 24 | 34.8% | 78.9% | ||
| Q1 24 | 21.3% | 79.5% |
| Q4 25 | -35.3% | 11.6% | ||
| Q3 25 | -25.3% | 12.9% | ||
| Q2 25 | -31.4% | 15.1% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | -31.9% | 13.7% | ||
| Q3 24 | -72.9% | 14.2% | ||
| Q2 24 | -44.0% | 13.2% | ||
| Q1 24 | — | 14.0% |
| Q4 25 | -84.0% | 8.7% | ||
| Q3 25 | -2.5% | 9.5% | ||
| Q2 25 | -57.6% | 12.8% | ||
| Q1 25 | — | 14.3% | ||
| Q4 24 | -163.0% | 10.8% | ||
| Q3 24 | -203.7% | 10.5% | ||
| Q2 24 | -192.0% | 10.1% | ||
| Q1 24 | — | 12.1% |
| Q4 25 | — | $0.13 | ||
| Q3 25 | — | $0.15 | ||
| Q2 25 | — | $0.22 | ||
| Q1 25 | — | $0.25 | ||
| Q4 24 | — | $0.17 | ||
| Q3 24 | — | $0.18 | ||
| Q2 24 | — | $0.17 | ||
| Q1 24 | — | $0.21 |
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 | $25.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $553.5M | $146.4M |
| Total Assets | $807.5M | $206.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.1M | $25.3M | ||
| Q3 25 | $217.6M | $21.4M | ||
| Q2 25 | $104.8M | $20.2M | ||
| Q1 25 | $96.0M | $19.9M | ||
| Q4 24 | $130.2M | $29.1M | ||
| Q3 24 | $168.8M | $27.8M | ||
| Q2 24 | $142.3M | $23.9M | ||
| Q1 24 | $148.5M | $23.3M |
| Q4 25 | $553.5M | $146.4M | ||
| Q3 25 | $537.3M | $148.7M | ||
| Q2 25 | $357.0M | $150.9M | ||
| Q1 25 | $355.7M | $151.7M | ||
| Q4 24 | $431.8M | $154.7M | ||
| Q3 24 | $372.1M | $156.3M | ||
| Q2 24 | $389.0M | $158.2M | ||
| Q1 24 | $365.3M | $160.2M |
| Q4 25 | $807.5M | $206.1M | ||
| Q3 25 | $781.0M | $209.7M | ||
| Q2 25 | $660.4M | $208.7M | ||
| Q1 25 | $669.9M | $204.5M | ||
| Q4 24 | $849.9M | $217.1M | ||
| Q3 24 | $899.6M | $216.8M | ||
| Q2 24 | $938.9M | $216.4M | ||
| Q1 24 | $949.2M | $215.0M |
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 | — | $11.5M |
| Free Cash FlowOCF − Capex | — | $10.1M |
| FCF MarginFCF / Revenue | — | 29.9% |
| Capex IntensityCapex / Revenue | — | 4.1% |
| Cash ConversionOCF / Net Profit | — | 3.93× |
| TTM Free Cash FlowTrailing 4 quarters | — | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $11.5M | ||
| Q3 25 | — | $8.1M | ||
| Q2 25 | $-7.5M | $7.0M | ||
| Q1 25 | $-121.0M | $2.3M | ||
| Q4 24 | — | $8.4M | ||
| Q3 24 | — | $11.1M | ||
| Q2 24 | $-37.8M | $7.4M | ||
| Q1 24 | $-205.8M | $2.0M |
| Q4 25 | — | $10.1M | ||
| Q3 25 | — | $7.6M | ||
| Q2 25 | $-8.5M | $6.0M | ||
| Q1 25 | $-128.9M | $1.5M | ||
| Q4 24 | — | $7.5M | ||
| Q3 24 | — | $10.3M | ||
| Q2 24 | $-40.7M | $6.8M | ||
| Q1 24 | $-208.3M | $1.1M |
| Q4 25 | — | 29.9% | ||
| Q3 25 | — | 22.4% | ||
| Q2 25 | -16.1% | 16.8% | ||
| Q1 25 | -271.5% | 4.2% | ||
| Q4 24 | — | 22.3% | ||
| Q3 24 | — | 29.4% | ||
| Q2 24 | -84.1% | 20.0% | ||
| Q1 24 | -392.1% | 3.2% |
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | 1.8% | 2.9% | ||
| Q1 25 | 16.6% | 2.1% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | 5.9% | 1.9% | ||
| Q1 24 | 4.7% | 2.5% |
| Q4 25 | — | 3.93× | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | — | 1.55× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | — | 3.03× | ||
| Q2 24 | — | 2.17× | ||
| Q1 24 | — | 0.47× |
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% |
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
