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Side-by-side financial comparison of Canopy Growth Corp (CGC) and TSS, Inc. (TSSI). Click either name above to swap in a different company.
TSS, Inc. is the larger business by last-quarter revenue ($60.9M vs $54.4M, roughly 1.1× Canopy Growth Corp). TSS, Inc. runs the higher net margin — 20.0% vs -84.0%, a 104.0% gap on every dollar of revenue. On growth, TSS, Inc. posted the faster year-over-year revenue change (21.8% vs -0.3%). Over the past eight quarters, TSS, Inc.'s revenue compounded faster (95.8% CAGR vs 1.2%).
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
CGC vs TSSI — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $54.4M | $60.9M |
| Net Profit | $-45.7M | $12.2M |
| Gross Margin | 28.8% | 17.6% |
| Operating Margin | -35.3% | 1.5% |
| Net Margin | -84.0% | 20.0% |
| Revenue YoY | -0.3% | 21.8% |
| Net Profit YoY | 48.6% | 535.7% |
| EPS (diluted) | — | $0.44 |
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 | $60.9M | ||
| Q3 25 | $48.7M | $41.9M | ||
| Q2 25 | $52.7M | $44.0M | ||
| Q1 25 | $47.5M | $99.0M | ||
| Q4 24 | $54.6M | $50.0M | ||
| Q3 24 | $46.0M | $70.1M | ||
| Q2 24 | $48.3M | $12.2M | ||
| Q1 24 | $53.1M | $15.9M |
| Q4 25 | $-45.7M | $12.2M | ||
| Q3 25 | $-1.2M | $-1.5M | ||
| Q2 25 | $-30.3M | $1.5M | ||
| Q1 25 | — | $3.0M | ||
| Q4 24 | $-89.0M | $1.9M | ||
| Q3 24 | $-93.7M | $2.6M | ||
| Q2 24 | $-92.8M | $1.4M | ||
| Q1 24 | — | $15.0K |
| Q4 25 | 28.8% | 17.6% | ||
| Q3 25 | 32.8% | 11.1% | ||
| Q2 25 | 25.0% | 17.8% | ||
| Q1 25 | 16.2% | 9.3% | ||
| Q4 24 | 32.2% | 14.4% | ||
| Q3 24 | 34.7% | 11.3% | ||
| Q2 24 | 34.8% | 37.3% | ||
| Q1 24 | 21.3% | 17.1% |
| Q4 25 | -35.3% | 1.5% | ||
| Q3 25 | -25.3% | -2.2% | ||
| Q2 25 | -31.4% | 5.1% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | -31.9% | 0.0% | ||
| Q3 24 | -72.9% | 5.4% | ||
| Q2 24 | -44.0% | 14.0% | ||
| Q1 24 | — | 1.6% |
| Q4 25 | -84.0% | 20.0% | ||
| Q3 25 | -2.5% | -3.6% | ||
| Q2 25 | -57.6% | 3.4% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | -163.0% | 3.8% | ||
| Q3 24 | -203.7% | 3.8% | ||
| Q2 24 | -192.0% | 11.5% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | — | $0.44 | ||
| Q3 25 | — | $-0.06 | ||
| Q2 25 | — | $0.06 | ||
| Q1 25 | — | $0.12 | ||
| Q4 24 | — | $0.08 | ||
| Q3 24 | — | $0.10 | ||
| Q2 24 | — | $0.06 | ||
| Q1 24 | — | $0.00 |
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 | $85.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $553.5M | $76.6M |
| Total Assets | $807.5M | $184.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.1M | $85.5M | ||
| Q3 25 | $217.6M | $70.7M | ||
| Q2 25 | $104.8M | — | ||
| Q1 25 | $96.0M | — | ||
| Q4 24 | $130.2M | $23.2M | ||
| Q3 24 | $168.8M | $46.4M | ||
| Q2 24 | $142.3M | $8.3M | ||
| Q1 24 | $148.5M | $14.4M |
| Q4 25 | $553.5M | $76.6M | ||
| Q3 25 | $537.3M | $63.4M | ||
| Q2 25 | $357.0M | $9.5M | ||
| Q1 25 | $355.7M | $9.4M | ||
| Q4 24 | $431.8M | $7.1M | ||
| Q3 24 | $372.1M | $7.7M | ||
| Q2 24 | $389.0M | $5.2M | ||
| Q1 24 | $365.3M | $3.7M |
| Q4 25 | $807.5M | $184.9M | ||
| Q3 25 | $781.0M | $165.4M | ||
| Q2 25 | $660.4M | $139.5M | ||
| Q1 25 | $669.9M | $113.5M | ||
| Q4 24 | $849.9M | $96.6M | ||
| Q3 24 | $899.6M | $67.3M | ||
| Q2 24 | $938.9M | $28.9M | ||
| Q1 24 | $949.2M | $26.8M |
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 | — | $16.3M |
| Free Cash FlowOCF − Capex | — | $15.8M |
| FCF MarginFCF / Revenue | — | 25.9% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | — | 1.34× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $16.3M | ||
| Q3 25 | — | $-18.4M | ||
| Q2 25 | $-7.5M | $16.3M | ||
| Q1 25 | $-121.0M | $20.6M | ||
| Q4 24 | — | $-21.6M | ||
| Q3 24 | — | $38.6M | ||
| Q2 24 | $-37.8M | $-4.3M | ||
| Q1 24 | $-205.8M | $2.6M |
| Q4 25 | — | $15.8M | ||
| Q3 25 | — | $-24.9M | ||
| Q2 25 | $-8.5M | $5.4M | ||
| Q1 25 | $-128.9M | $5.8M | ||
| Q4 24 | — | $-28.4M | ||
| Q3 24 | — | $38.6M | ||
| Q2 24 | $-40.7M | $-6.0M | ||
| Q1 24 | $-208.3M | $2.6M |
| Q4 25 | — | 25.9% | ||
| Q3 25 | — | -59.3% | ||
| Q2 25 | -16.1% | 12.3% | ||
| Q1 25 | -271.5% | 5.8% | ||
| Q4 24 | — | -56.7% | ||
| Q3 24 | — | 55.1% | ||
| Q2 24 | -84.1% | -49.4% | ||
| Q1 24 | -392.1% | 16.4% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 15.3% | ||
| Q2 25 | 1.8% | 24.8% | ||
| Q1 25 | 16.6% | 15.0% | ||
| Q4 24 | — | 13.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | 5.9% | 13.8% | ||
| Q1 24 | 4.7% | 0.2% |
| Q4 25 | — | 1.34× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 11.02× | ||
| Q1 25 | — | 6.93× | ||
| Q4 24 | — | -11.32× | ||
| Q3 24 | — | 14.60× | ||
| Q2 24 | — | -3.09× | ||
| Q1 24 | — | 176.40× |
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% |
TSSI
| Procurement Revenues Segment | $43.2M | 71% |
| System Integration Services Segment | $14.2M | 23% |
| Facilities Segment | $3.5M | 6% |
