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Side-by-side financial comparison of Canopy Growth Corp (CGC) and UNITY BANCORP INC (UNTY). Click either name above to swap in a different company.
Canopy Growth Corp is the larger business by last-quarter revenue ($54.4M vs $35.3M, roughly 1.5× UNITY BANCORP INC). UNITY BANCORP INC runs the higher net margin — 43.9% vs -84.0%, a 127.9% gap on every dollar of revenue. On growth, UNITY BANCORP INC posted the faster year-over-year revenue change (24.2% vs -0.3%). Over the past eight quarters, UNITY BANCORP INC's revenue compounded faster (17.5% CAGR vs 1.2%).
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
Unity Bancorp Inc is a New Jersey-headquartered financial holding company operating Unity Bank. It offers a full range of commercial and retail banking services including business loans, deposit products, mortgage services, and personal banking solutions, primarily serving small and medium-sized enterprises and individual consumers across local communities in New Jersey and eastern Pennsylvania.
CGC vs UNTY — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $54.4M | $35.3M |
| Net Profit | $-45.7M | $15.5M |
| Gross Margin | 28.8% | — |
| Operating Margin | -35.3% | 55.8% |
| Net Margin | -84.0% | 43.9% |
| Revenue YoY | -0.3% | 24.2% |
| Net Profit YoY | 48.6% | 34.5% |
| EPS (diluted) | — | $1.52 |
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 | $35.3M | ||
| Q3 25 | $48.7M | $32.8M | ||
| Q2 25 | $52.7M | $34.4M | ||
| Q1 25 | $47.5M | $29.4M | ||
| Q4 24 | $54.6M | $28.4M | ||
| Q3 24 | $46.0M | $27.7M | ||
| Q2 24 | $48.3M | $25.5M | ||
| Q1 24 | $53.1M | $25.6M |
| Q4 25 | $-45.7M | $15.5M | ||
| Q3 25 | $-1.2M | $14.4M | ||
| Q2 25 | $-30.3M | $16.5M | ||
| Q1 25 | — | $11.6M | ||
| Q4 24 | $-89.0M | $11.5M | ||
| Q3 24 | $-93.7M | $10.9M | ||
| Q2 24 | $-92.8M | $9.5M | ||
| Q1 24 | — | $9.6M |
| Q4 25 | 28.8% | — | ||
| Q3 25 | 32.8% | — | ||
| Q2 25 | 25.0% | — | ||
| Q1 25 | 16.2% | — | ||
| Q4 24 | 32.2% | — | ||
| Q3 24 | 34.7% | — | ||
| Q2 24 | 34.8% | — | ||
| Q1 24 | 21.3% | — |
| Q4 25 | -35.3% | 55.8% | ||
| Q3 25 | -25.3% | 57.5% | ||
| Q2 25 | -31.4% | 62.6% | ||
| Q1 25 | — | 52.6% | ||
| Q4 24 | -31.9% | 51.0% | ||
| Q3 24 | -72.9% | 52.7% | ||
| Q2 24 | -44.0% | 49.3% | ||
| Q1 24 | — | 50.0% |
| Q4 25 | -84.0% | 43.9% | ||
| Q3 25 | -2.5% | 43.8% | ||
| Q2 25 | -57.6% | 48.0% | ||
| Q1 25 | — | 39.5% | ||
| Q4 24 | -163.0% | 40.5% | ||
| Q3 24 | -203.7% | 39.4% | ||
| Q2 24 | -192.0% | 37.1% | ||
| Q1 24 | — | 37.5% |
| Q4 25 | — | $1.52 | ||
| Q3 25 | — | $1.41 | ||
| Q2 25 | — | $1.61 | ||
| Q1 25 | — | $1.13 | ||
| Q4 24 | — | $1.13 | ||
| Q3 24 | — | $1.07 | ||
| Q2 24 | — | $0.92 | ||
| Q1 24 | — | $0.94 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $553.5M | $345.6M |
| Total Assets | $807.5M | $3.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.1M | — | ||
| Q3 25 | $217.6M | — | ||
| Q2 25 | $104.8M | — | ||
| Q1 25 | $96.0M | — | ||
| Q4 24 | $130.2M | — | ||
| Q3 24 | $168.8M | — | ||
| Q2 24 | $142.3M | — | ||
| Q1 24 | $148.5M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $230.8M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $553.5M | $345.6M | ||
| Q3 25 | $537.3M | $334.0M | ||
| Q2 25 | $357.0M | $319.8M | ||
| Q1 25 | $355.7M | $306.1M | ||
| Q4 24 | $431.8M | $295.6M | ||
| Q3 24 | $372.1M | $284.3M | ||
| Q2 24 | $389.0M | $273.4M | ||
| Q1 24 | $365.3M | $266.8M |
| Q4 25 | $807.5M | $3.0B | ||
| Q3 25 | $781.0M | $2.9B | ||
| Q2 25 | $660.4M | $2.9B | ||
| Q1 25 | $669.9M | $2.8B | ||
| Q4 24 | $849.9M | $2.7B | ||
| Q3 24 | $899.6M | $2.6B | ||
| Q2 24 | $938.9M | $2.6B | ||
| Q1 24 | $949.2M | $2.6B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.78× | ||
| 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 | — | $44.9M |
| Free Cash FlowOCF − Capex | — | $44.3M |
| FCF MarginFCF / Revenue | — | 125.7% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | — | 2.90× |
| TTM Free Cash FlowTrailing 4 quarters | — | $81.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $44.9M | ||
| Q3 25 | — | $45.5M | ||
| Q2 25 | $-7.5M | $-25.3M | ||
| Q1 25 | $-121.0M | $17.9M | ||
| Q4 24 | — | $48.0M | ||
| Q3 24 | — | $17.7M | ||
| Q2 24 | $-37.8M | $-8.4M | ||
| Q1 24 | $-205.8M | $15.8M |
| Q4 25 | — | $44.3M | ||
| Q3 25 | — | $45.3M | ||
| Q2 25 | $-8.5M | $-25.5M | ||
| Q1 25 | $-128.9M | $17.6M | ||
| Q4 24 | — | $47.3M | ||
| Q3 24 | — | $17.5M | ||
| Q2 24 | $-40.7M | $-8.6M | ||
| Q1 24 | $-208.3M | $15.7M |
| Q4 25 | — | 125.7% | ||
| Q3 25 | — | 138.1% | ||
| Q2 25 | -16.1% | -74.2% | ||
| Q1 25 | -271.5% | 59.9% | ||
| Q4 24 | — | 166.5% | ||
| Q3 24 | — | 63.3% | ||
| Q2 24 | -84.1% | -33.7% | ||
| Q1 24 | -392.1% | 61.4% |
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | 1.8% | 0.5% | ||
| Q1 25 | 16.6% | 1.0% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | 5.9% | 0.5% | ||
| Q1 24 | 4.7% | 0.3% |
| Q4 25 | — | 2.90× | ||
| Q3 25 | — | 3.16× | ||
| Q2 25 | — | -1.54× | ||
| Q1 25 | — | 1.54× | ||
| Q4 24 | — | 4.17× | ||
| Q3 24 | — | 1.62× | ||
| Q2 24 | — | -0.89× | ||
| Q1 24 | — | 1.64× |
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% |
UNTY
Segment breakdown not available.
