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Side-by-side financial comparison of Canopy Growth Corp (CGC) and Star Equity Holdings, Inc. (STRR). Click either name above to swap in a different company.
Star Equity Holdings, Inc. is the larger business by last-quarter revenue ($56.8M vs $54.4M, roughly 1.0× Canopy Growth Corp). Star Equity Holdings, Inc. runs the higher net margin — -3.0% vs -84.0%, a 81.0% gap on every dollar of revenue. On growth, Star Equity Holdings, Inc. posted the faster year-over-year revenue change (69.0% vs -0.3%). Over the past eight quarters, Star Equity Holdings, Inc.'s revenue compounded faster (29.5% CAGR vs 1.2%).
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
Artists Equity is an American production company founded by actors and filmmakers Ben Affleck and Matt Damon in November 2022.
CGC vs STRR — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $54.4M | $56.8M |
| Net Profit | $-45.7M | $-1.7M |
| Gross Margin | 28.8% | — |
| Operating Margin | -35.3% | -0.2% |
| Net Margin | -84.0% | -3.0% |
| Revenue YoY | -0.3% | 69.0% |
| Net Profit YoY | 48.6% | -192.1% |
| EPS (diluted) | — | $-0.49 |
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 | $56.8M | ||
| Q3 25 | $48.7M | $48.0M | ||
| Q2 25 | $52.7M | $35.5M | ||
| Q1 25 | $47.5M | $31.9M | ||
| Q4 24 | $54.6M | $33.6M | ||
| Q3 24 | $46.0M | $36.9M | ||
| Q2 24 | $48.3M | $35.7M | ||
| Q1 24 | $53.1M | $33.9M |
| Q4 25 | $-45.7M | $-1.7M | ||
| Q3 25 | $-1.2M | $-1.8M | ||
| Q2 25 | $-30.3M | $-688.0K | ||
| Q1 25 | — | $-1.8M | ||
| Q4 24 | $-89.0M | $-585.0K | ||
| Q3 24 | $-93.7M | $-846.0K | ||
| Q2 24 | $-92.8M | $-441.0K | ||
| Q1 24 | — | $-2.9M |
| Q4 25 | 28.8% | — | ||
| Q3 25 | 32.8% | 43.0% | ||
| Q2 25 | 25.0% | — | ||
| Q1 25 | 16.2% | — | ||
| Q4 24 | 32.2% | — | ||
| Q3 24 | 34.7% | 50.5% | ||
| Q2 24 | 34.8% | — | ||
| Q1 24 | 21.3% | — |
| Q4 25 | -35.3% | -0.2% | ||
| Q3 25 | -25.3% | -3.4% | ||
| Q2 25 | -31.4% | -0.6% | ||
| Q1 25 | — | -5.4% | ||
| Q4 24 | -31.9% | -0.4% | ||
| Q3 24 | -72.9% | -1.2% | ||
| Q2 24 | -44.0% | -0.5% | ||
| Q1 24 | — | -9.0% |
| Q4 25 | -84.0% | -3.0% | ||
| Q3 25 | -2.5% | -3.7% | ||
| Q2 25 | -57.6% | -1.9% | ||
| Q1 25 | — | -5.5% | ||
| Q4 24 | -163.0% | -1.7% | ||
| Q3 24 | -203.7% | -2.3% | ||
| Q2 24 | -192.0% | -1.2% | ||
| Q1 24 | — | -8.6% |
| Q4 25 | — | $-0.49 | ||
| Q3 25 | — | $-0.54 | ||
| Q2 25 | — | $-0.23 | ||
| Q1 25 | — | $-0.59 | ||
| Q4 24 | — | $-0.21 | ||
| Q3 24 | — | $-0.28 | ||
| Q2 24 | — | $-0.15 | ||
| Q1 24 | — | $-0.95 |
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 | $10.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $553.5M | $65.7M |
| Total Assets | $807.5M | $113.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.1M | $10.3M | ||
| Q3 25 | $217.6M | $15.4M | ||
| Q2 25 | $104.8M | $16.8M | ||
| Q1 25 | $96.0M | $16.6M | ||
| Q4 24 | $130.2M | $17.0M | ||
| Q3 24 | $168.8M | $15.8M | ||
| Q2 24 | $142.3M | $14.7M | ||
| Q1 24 | $148.5M | $20.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | $6.5M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $553.5M | $65.7M | ||
| Q3 25 | $537.3M | $67.8M | ||
| Q2 25 | $357.0M | $40.1M | ||
| Q1 25 | $355.7M | $39.5M | ||
| Q4 24 | $431.8M | $40.4M | ||
| Q3 24 | $372.1M | $42.9M | ||
| Q2 24 | $389.0M | $42.6M | ||
| Q1 24 | $365.3M | $44.3M |
| Q4 25 | $807.5M | $113.2M | ||
| Q3 25 | $781.0M | $117.1M | ||
| Q2 25 | $660.4M | $55.6M | ||
| Q1 25 | $669.9M | $53.2M | ||
| Q4 24 | $849.9M | $52.6M | ||
| Q3 24 | $899.6M | $52.6M | ||
| Q2 24 | $938.9M | $52.6M | ||
| Q1 24 | $949.2M | $52.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.10× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | — | $-7.3M |
| Free Cash FlowOCF − Capex | — | $-9.0M |
| FCF MarginFCF / Revenue | — | -15.8% |
| Capex IntensityCapex / Revenue | — | 3.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-13.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-7.3M | ||
| Q3 25 | — | $-2.7M | ||
| Q2 25 | $-7.5M | $139.0K | ||
| Q1 25 | $-121.0M | $-802.0K | ||
| Q4 24 | — | $-2.8M | ||
| Q3 24 | — | $1.3M | ||
| Q2 24 | $-37.8M | $-4.3M | ||
| Q1 24 | $-205.8M | $-1.8M |
| Q4 25 | — | $-9.0M | ||
| Q3 25 | — | $-3.4M | ||
| Q2 25 | $-8.5M | $102.0K | ||
| Q1 25 | $-128.9M | $-808.0K | ||
| Q4 24 | — | $-2.8M | ||
| Q3 24 | — | $1.3M | ||
| Q2 24 | $-40.7M | $-4.3M | ||
| Q1 24 | $-208.3M | $-1.8M |
| Q4 25 | — | -15.8% | ||
| Q3 25 | — | -7.0% | ||
| Q2 25 | -16.1% | 0.3% | ||
| Q1 25 | -271.5% | -2.5% | ||
| Q4 24 | — | -8.3% | ||
| Q3 24 | — | 3.4% | ||
| Q2 24 | -84.1% | -12.0% | ||
| Q1 24 | -392.1% | -5.3% |
| Q4 25 | — | 3.0% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | 1.8% | 0.1% | ||
| Q1 25 | 16.6% | 0.0% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | 5.9% | 0.0% | ||
| Q1 24 | 4.7% | 0.0% |
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% |
STRR
| Revenue From Other Contracts With Customers | $27.6M | 49% |
| Other | $24.3M | 43% |
| Energy Services Segment | $4.9M | 9% |
