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Side-by-side financial comparison of Canopy Growth Corp (CGC) and VINCE HOLDING CORP. (VNCE). Click either name above to swap in a different company.
VINCE HOLDING CORP. is the larger business by last-quarter revenue ($85.1M vs $54.4M, roughly 1.6× Canopy Growth Corp). VINCE HOLDING CORP. runs the higher net margin — 3.2% vs -84.0%, a 87.2% gap on every dollar of revenue. On growth, VINCE HOLDING CORP. posted the faster year-over-year revenue change (6.2% vs -0.3%). Over the past eight quarters, VINCE HOLDING CORP.'s revenue compounded faster (6.3% CAGR vs 1.2%).
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
VINCE. is a contemporary clothing fashion brand founded in 2002. In 2023 Authentic Brands Group purchased its intellectual property in a $76.5 million deal.
CGC vs VNCE — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $54.4M | $85.1M |
| Net Profit | $-45.7M | $2.7M |
| Gross Margin | 28.8% | 49.2% |
| Operating Margin | -35.3% | 6.4% |
| Net Margin | -84.0% | 3.2% |
| Revenue YoY | -0.3% | 6.2% |
| Net Profit YoY | 48.6% | -37.3% |
| EPS (diluted) | — | $0.21 |
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 | $85.1M | ||
| Q3 25 | $48.7M | $73.2M | ||
| Q2 25 | $52.7M | $57.9M | ||
| Q1 25 | $47.5M | $80.0M | ||
| Q4 24 | $54.6M | $80.2M | ||
| Q3 24 | $46.0M | $74.2M | ||
| Q2 24 | $48.3M | $59.2M | ||
| Q1 24 | $53.1M | $75.3M |
| Q4 25 | $-45.7M | $2.7M | ||
| Q3 25 | $-1.2M | $12.1M | ||
| Q2 25 | $-30.3M | $-4.8M | ||
| Q1 25 | — | $-28.3M | ||
| Q4 24 | $-89.0M | $4.3M | ||
| Q3 24 | $-93.7M | $569.0K | ||
| Q2 24 | $-92.8M | $4.4M | ||
| Q1 24 | — | $-4.7M |
| Q4 25 | 28.8% | 49.2% | ||
| Q3 25 | 32.8% | 50.4% | ||
| Q2 25 | 25.0% | 50.3% | ||
| Q1 25 | 16.2% | 50.1% | ||
| Q4 24 | 32.2% | 50.0% | ||
| Q3 24 | 34.7% | 47.4% | ||
| Q2 24 | 34.8% | 50.6% | ||
| Q1 24 | 21.3% | 45.4% |
| Q4 25 | -35.3% | 6.4% | ||
| Q3 25 | -25.3% | 15.2% | ||
| Q2 25 | -31.4% | -7.7% | ||
| Q1 25 | — | -37.1% | ||
| Q4 24 | -31.9% | 7.2% | ||
| Q3 24 | -72.9% | 1.5% | ||
| Q2 24 | -44.0% | 9.5% | ||
| Q1 24 | — | -2.2% |
| Q4 25 | -84.0% | 3.2% | ||
| Q3 25 | -2.5% | 16.5% | ||
| Q2 25 | -57.6% | -8.3% | ||
| Q1 25 | — | -35.5% | ||
| Q4 24 | -163.0% | 5.4% | ||
| Q3 24 | -203.7% | 0.8% | ||
| Q2 24 | -192.0% | 7.4% | ||
| Q1 24 | — | -6.2% |
| Q4 25 | — | $0.21 | ||
| Q3 25 | — | $0.93 | ||
| Q2 25 | — | $-0.37 | ||
| Q1 25 | — | $-2.25 | ||
| Q4 24 | — | $0.34 | ||
| Q3 24 | — | $0.05 | ||
| Q2 24 | — | $0.35 | ||
| Q1 24 | — | $-0.37 |
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 | $1.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $553.5M | $53.4M |
| Total Assets | $807.5M | $246.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.1M | $1.1M | ||
| Q3 25 | $217.6M | $777.0K | ||
| Q2 25 | $104.8M | $2.6M | ||
| Q1 25 | $96.0M | $607.0K | ||
| Q4 24 | $130.2M | $892.0K | ||
| Q3 24 | $168.8M | $711.0K | ||
| Q2 24 | $142.3M | $739.0K | ||
| Q1 24 | $148.5M | $357.0K |
| Q4 25 | $553.5M | $53.4M | ||
| Q3 25 | $537.3M | $49.3M | ||
| Q2 25 | $357.0M | $37.2M | ||
| Q1 25 | $355.7M | $41.8M | ||
| Q4 24 | $431.8M | $57.1M | ||
| Q3 24 | $372.1M | $52.4M | ||
| Q2 24 | $389.0M | $51.7M | ||
| Q1 24 | $365.3M | $47.2M |
| Q4 25 | $807.5M | $246.0M | ||
| Q3 25 | $781.0M | $239.0M | ||
| Q2 25 | $660.4M | $218.0M | ||
| Q1 25 | $669.9M | $222.7M | ||
| Q4 24 | $849.9M | $254.7M | ||
| Q3 24 | $899.6M | $253.6M | ||
| Q2 24 | $938.9M | $223.1M | ||
| Q1 24 | $949.2M | $225.1M |
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 | — | $-5.1M |
| Free Cash FlowOCF − Capex | — | $-5.7M |
| FCF MarginFCF / Revenue | — | -6.7% |
| Capex IntensityCapex / Revenue | — | 0.7% |
| Cash ConversionOCF / Net Profit | — | -1.86× |
| TTM Free Cash FlowTrailing 4 quarters | — | $4.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-5.1M | ||
| Q3 25 | — | $4.2M | ||
| Q2 25 | $-7.5M | $-11.8M | ||
| Q1 25 | $-121.0M | $22.7M | ||
| Q4 24 | — | $6.4M | ||
| Q3 24 | — | $-3.2M | ||
| Q2 24 | $-37.8M | $-3.9M | ||
| Q1 24 | $-205.8M | $14.8M |
| Q4 25 | — | $-5.7M | ||
| Q3 25 | — | $2.1M | ||
| Q2 25 | $-8.5M | $-13.2M | ||
| Q1 25 | $-128.9M | $21.2M | ||
| Q4 24 | — | $5.1M | ||
| Q3 24 | — | $-3.9M | ||
| Q2 24 | $-40.7M | $-4.6M | ||
| Q1 24 | $-208.3M | $14.2M |
| Q4 25 | — | -6.7% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | -16.1% | -22.9% | ||
| Q1 25 | -271.5% | 26.5% | ||
| Q4 24 | — | 6.4% | ||
| Q3 24 | — | -5.2% | ||
| Q2 24 | -84.1% | -7.8% | ||
| Q1 24 | -392.1% | 18.9% |
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | 1.8% | 2.5% | ||
| Q1 25 | 16.6% | 1.9% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | 5.9% | 1.3% | ||
| Q1 24 | 4.7% | 0.7% |
| Q4 25 | — | -1.86× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | — | -5.61× | ||
| Q2 24 | — | -0.89× | ||
| Q1 24 | — | — |
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% |
VNCE
| Vince Wholesale | $52.0M | 61% |
| Vince Direct To Consumer | $33.1M | 39% |
