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Side-by-side financial comparison of Canopy Growth Corp (CGC) and BRAND HOUSE COLLECTIVE, INC. (TBHC). Click either name above to swap in a different company.
BRAND HOUSE COLLECTIVE, INC. is the larger business by last-quarter revenue ($103.5M vs $54.4M, roughly 1.9× Canopy Growth Corp). BRAND HOUSE COLLECTIVE, INC. runs the higher net margin — -3.6% vs -84.0%, a 80.4% gap on every dollar of revenue. On growth, Canopy Growth Corp posted the faster year-over-year revenue change (-0.3% vs -9.6%). Over the past eight quarters, Canopy Growth Corp's revenue compounded faster (1.2% CAGR vs -21.0%).
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
Soho House is an international private members’ club with a focus on the media, arts and fashion industries.
CGC vs TBHC — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $54.4M | $103.5M |
| Net Profit | $-45.7M | $-3.7M |
| Gross Margin | 28.8% | 20.4% |
| Operating Margin | -35.3% | -1.9% |
| Net Margin | -84.0% | -3.6% |
| Revenue YoY | -0.3% | -9.6% |
| Net Profit YoY | 48.6% | 51.8% |
| EPS (diluted) | — | $-0.16 |
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 | $103.5M | ||
| Q3 25 | $48.7M | $75.8M | ||
| Q2 25 | $52.7M | $81.5M | ||
| Q1 25 | $47.5M | $148.9M | ||
| Q4 24 | $54.6M | $114.4M | ||
| Q3 24 | $46.0M | $86.3M | ||
| Q2 24 | $48.3M | $91.8M | ||
| Q1 24 | $53.1M | $165.9M |
| Q4 25 | $-45.7M | $-3.7M | ||
| Q3 25 | $-1.2M | $-20.2M | ||
| Q2 25 | $-30.3M | $-11.8M | ||
| Q1 25 | — | $7.9M | ||
| Q4 24 | $-89.0M | $-7.7M | ||
| Q3 24 | $-93.7M | $-14.5M | ||
| Q2 24 | $-92.8M | $-8.8M | ||
| Q1 24 | — | $10.1M |
| Q4 25 | 28.8% | 20.4% | ||
| Q3 25 | 32.8% | 16.3% | ||
| Q2 25 | 25.0% | 24.9% | ||
| Q1 25 | 16.2% | 30.3% | ||
| Q4 24 | 32.2% | 28.1% | ||
| Q3 24 | 34.7% | 20.5% | ||
| Q2 24 | 34.8% | 29.5% | ||
| Q1 24 | 21.3% | 32.0% |
| Q4 25 | -35.3% | -1.9% | ||
| Q3 25 | -25.3% | -24.7% | ||
| Q2 25 | -31.4% | -12.9% | ||
| Q1 25 | — | 6.2% | ||
| Q4 24 | -31.9% | -2.1% | ||
| Q3 24 | -72.9% | -15.4% | ||
| Q2 24 | -44.0% | -8.2% | ||
| Q1 24 | — | 6.4% |
| Q4 25 | -84.0% | -3.6% | ||
| Q3 25 | -2.5% | -26.6% | ||
| Q2 25 | -57.6% | -14.5% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | -163.0% | -6.7% | ||
| Q3 24 | -203.7% | -16.8% | ||
| Q2 24 | -192.0% | -9.6% | ||
| Q1 24 | — | 6.1% |
| Q4 25 | — | $-0.16 | ||
| Q3 25 | — | $-0.90 | ||
| Q2 25 | — | $-0.54 | ||
| Q1 25 | — | $0.61 | ||
| Q4 24 | — | $-0.59 | ||
| Q3 24 | — | $-1.11 | ||
| Q2 24 | — | $-0.68 | ||
| Q1 24 | — | $0.80 |
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 | $6.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $553.5M | $-44.0M |
| Total Assets | $807.5M | $229.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.1M | $6.5M | ||
| Q3 25 | $217.6M | $3.6M | ||
| Q2 25 | $104.8M | $3.5M | ||
| Q1 25 | $96.0M | $3.8M | ||
| Q4 24 | $130.2M | $6.8M | ||
| Q3 24 | $168.8M | $4.5M | ||
| Q2 24 | $142.3M | $3.8M | ||
| Q1 24 | $148.5M | $3.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $64.0M | ||
| Q4 24 | — | $85.8M | ||
| Q3 24 | — | $61.4M | ||
| Q2 24 | — | $47.5M | ||
| Q1 24 | — | $34.0M |
| Q4 25 | $553.5M | $-44.0M | ||
| Q3 25 | $537.3M | $-35.2M | ||
| Q2 25 | $357.0M | $-16.2M | ||
| Q1 25 | $355.7M | $-19.0M | ||
| Q4 24 | $431.8M | $-27.1M | ||
| Q3 24 | $372.1M | $-19.7M | ||
| Q2 24 | $389.0M | $-5.5M | ||
| Q1 24 | $365.3M | $3.1M |
| Q4 25 | $807.5M | $229.2M | ||
| Q3 25 | $781.0M | $221.9M | ||
| Q2 25 | $660.4M | $225.4M | ||
| Q1 25 | $669.9M | $242.2M | ||
| Q4 24 | $849.9M | $279.8M | ||
| Q3 24 | $899.6M | $266.2M | ||
| Q2 24 | $938.9M | $242.6M | ||
| Q1 24 | $949.2M | $250.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 10.88× |
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 | — | $-25.9M |
| Free Cash FlowOCF − Capex | — | $-26.8M |
| FCF MarginFCF / Revenue | — | -25.9% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-18.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-25.9M | ||
| Q3 25 | — | $-7.0M | ||
| Q2 25 | $-7.5M | $-3.1M | ||
| Q1 25 | $-121.0M | $19.8M | ||
| Q4 24 | — | $-12.6M | ||
| Q3 24 | — | $-12.7M | ||
| Q2 24 | $-37.8M | $-13.7M | ||
| Q1 24 | $-205.8M | $28.2M |
| Q4 25 | — | $-26.8M | ||
| Q3 25 | — | $-7.4M | ||
| Q2 25 | $-8.5M | $-3.6M | ||
| Q1 25 | $-128.9M | $19.0M | ||
| Q4 24 | — | $-13.1M | ||
| Q3 24 | — | $-13.2M | ||
| Q2 24 | $-40.7M | $-14.4M | ||
| Q1 24 | $-208.3M | $26.7M |
| Q4 25 | — | -25.9% | ||
| Q3 25 | — | -9.8% | ||
| Q2 25 | -16.1% | -4.5% | ||
| Q1 25 | -271.5% | 12.8% | ||
| Q4 24 | — | -11.5% | ||
| Q3 24 | — | -15.2% | ||
| Q2 24 | -84.1% | -15.7% | ||
| Q1 24 | -392.1% | 16.1% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | 1.8% | 0.7% | ||
| Q1 25 | 16.6% | 0.5% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | 5.9% | 0.8% | ||
| Q1 24 | 4.7% | 0.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 2.51× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.79× |
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% |
TBHC
Segment breakdown not available.
