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Side-by-side financial comparison of Canopy Growth Corp (CGC) and Telesat Corp (TSAT). Click either name above to swap in a different company.
Telesat Corp is the larger business by last-quarter revenue ($73.8M vs $54.4M, roughly 1.4× Canopy Growth Corp). Canopy Growth Corp runs the higher net margin — -84.0% vs -119.8%, a 35.8% gap on every dollar of revenue. Over the past eight quarters, Canopy Growth Corp's revenue compounded faster (1.2% CAGR vs -64.0%).
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
Telesat, formerly Telesat Canada, is a Canadian satellite communications company founded on May 2, 1969. The company is headquartered in Ottawa.
CGC vs TSAT — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $54.4M | $73.8M |
| Net Profit | $-45.7M | $-88.4M |
| Gross Margin | 28.8% | 95.3% |
| Operating Margin | -35.3% | 5.9% |
| Net Margin | -84.0% | -119.8% |
| Revenue YoY | -0.3% | — |
| Net Profit YoY | 48.6% | — |
| EPS (diluted) | — | — |
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 | — | ||
| Q3 25 | $48.7M | $73.8M | ||
| Q2 25 | $52.7M | $77.5M | ||
| Q1 25 | $47.5M | $152.2M | ||
| Q4 24 | $54.6M | — | ||
| Q3 24 | $46.0M | — | ||
| Q2 24 | $48.3M | $363.2M | ||
| Q1 24 | $53.1M | — |
| Q4 25 | $-45.7M | — | ||
| Q3 25 | $-1.2M | $-88.4M | ||
| Q2 25 | $-30.3M | $55.1M | ||
| Q1 25 | — | $-52.3M | ||
| Q4 24 | $-89.0M | — | ||
| Q3 24 | $-93.7M | — | ||
| Q2 24 | $-92.8M | $547.4M | ||
| Q1 24 | — | — |
| Q4 25 | 28.8% | — | ||
| Q3 25 | 32.8% | 95.3% | ||
| Q2 25 | 25.0% | 95.9% | ||
| Q1 25 | 16.2% | — | ||
| Q4 24 | 32.2% | — | ||
| Q3 24 | 34.7% | — | ||
| Q2 24 | 34.8% | — | ||
| Q1 24 | 21.3% | — |
| Q4 25 | -35.3% | — | ||
| Q3 25 | -25.3% | 5.9% | ||
| Q2 25 | -31.4% | 16.8% | ||
| Q1 25 | — | — | ||
| Q4 24 | -31.9% | — | ||
| Q3 24 | -72.9% | — | ||
| Q2 24 | -44.0% | — | ||
| Q1 24 | — | — |
| Q4 25 | -84.0% | — | ||
| Q3 25 | -2.5% | -119.8% | ||
| Q2 25 | -57.6% | 71.2% | ||
| Q1 25 | — | -34.4% | ||
| Q4 24 | -163.0% | — | ||
| Q3 24 | -203.7% | — | ||
| Q2 24 | -192.0% | 150.7% | ||
| Q1 24 | — | — |
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 | $352.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $553.5M | $1.6B |
| Total Assets | $807.5M | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.1M | — | ||
| Q3 25 | $217.6M | $352.3M | ||
| Q2 25 | $104.8M | $399.6M | ||
| Q1 25 | $96.0M | $552.1M | ||
| Q4 24 | $130.2M | — | ||
| Q3 24 | $168.8M | — | ||
| Q2 24 | $142.3M | $1.7B | ||
| Q1 24 | $148.5M | — |
| Q4 25 | $553.5M | — | ||
| Q3 25 | $537.3M | $1.6B | ||
| Q2 25 | $357.0M | $1.7B | ||
| Q1 25 | $355.7M | $2.5B | ||
| Q4 24 | $431.8M | — | ||
| Q3 24 | $372.1M | — | ||
| Q2 24 | $389.0M | $2.4B | ||
| Q1 24 | $365.3M | — |
| Q4 25 | $807.5M | — | ||
| Q3 25 | $781.0M | $5.1B | ||
| Q2 25 | $660.4M | $4.9B | ||
| Q1 25 | $669.9M | $6.9B | ||
| Q4 24 | $849.9M | — | ||
| Q3 24 | $899.6M | — | ||
| Q2 24 | $938.9M | $6.3B | ||
| Q1 24 | $949.2M | — |
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% |
TSAT
Segment breakdown not available.
