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Side-by-side financial comparison of Canopy Growth Corp (CGC) and Vitesse Energy, Inc. (VTS). Click either name above to swap in a different company.
Vitesse Energy, Inc. is the larger business by last-quarter revenue ($58.6M vs $54.4M, roughly 1.1× Canopy Growth Corp). Vitesse Energy, Inc. runs the higher net margin — -1.3% vs -84.0%, a 82.8% gap on every dollar of revenue. On growth, Vitesse Energy, Inc. posted the faster year-over-year revenue change (4.8% vs -0.3%). Over the past eight quarters, Canopy Growth Corp's revenue compounded faster (1.2% CAGR vs -2.1%).
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
Vitesse Energy, Inc. is a U.S.-headquartered independent energy company focused on exploration, development, and production of oil and natural gas assets. It operates primarily in high-potential onshore basins including North Dakota's Williston Basin, serving domestic and global upstream energy market demand.
CGC vs VTS — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $54.4M | $58.6M |
| Net Profit | $-45.7M | $-739.0K |
| Gross Margin | 28.8% | — |
| Operating Margin | -35.3% | -12.0% |
| Net Margin | -84.0% | -1.3% |
| Revenue YoY | -0.3% | 4.8% |
| Net Profit YoY | 48.6% | 85.6% |
| EPS (diluted) | — | $-0.01 |
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 | $58.6M | ||
| Q3 25 | $48.7M | $67.4M | ||
| Q2 25 | $52.7M | $81.8M | ||
| Q1 25 | $47.5M | $66.2M | ||
| Q4 24 | $54.6M | $55.9M | ||
| Q3 24 | $46.0M | $58.3M | ||
| Q2 24 | $48.3M | $66.6M | ||
| Q1 24 | $53.1M | $61.2M |
| Q4 25 | $-45.7M | $-739.0K | ||
| Q3 25 | $-1.2M | $-1.3M | ||
| Q2 25 | $-30.3M | $24.7M | ||
| Q1 25 | — | $2.7M | ||
| Q4 24 | $-89.0M | $-5.1M | ||
| Q3 24 | $-93.7M | $17.4M | ||
| Q2 24 | $-92.8M | $10.9M | ||
| Q1 24 | — | $-2.2M |
| 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% | -12.0% | ||
| Q3 25 | -25.3% | 0.2% | ||
| Q2 25 | -31.4% | 22.8% | ||
| Q1 25 | — | 8.1% | ||
| Q4 24 | -31.9% | 3.7% | ||
| Q3 24 | -72.9% | 15.4% | ||
| Q2 24 | -44.0% | 25.2% | ||
| Q1 24 | — | 21.4% |
| Q4 25 | -84.0% | -1.3% | ||
| Q3 25 | -2.5% | -1.9% | ||
| Q2 25 | -57.6% | 30.2% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | -163.0% | -9.2% | ||
| Q3 24 | -203.7% | 29.9% | ||
| Q2 24 | -192.0% | 16.4% | ||
| Q1 24 | — | -3.6% |
| Q4 25 | — | $-0.01 | ||
| Q3 25 | — | $-0.03 | ||
| Q2 25 | — | $0.60 | ||
| Q1 25 | — | $0.08 | ||
| Q4 24 | — | $-0.15 | ||
| Q3 24 | — | $0.53 | ||
| Q2 24 | — | $0.33 | ||
| Q1 24 | — | $-0.07 |
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 | $629.3M |
| Total Assets | $807.5M | $893.4M |
| 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 | $4.5M | ||
| Q4 24 | $130.2M | $3.0M | ||
| Q3 24 | $168.8M | — | ||
| Q2 24 | $142.3M | — | ||
| Q1 24 | $148.5M | — |
| Q4 25 | $553.5M | $629.3M | ||
| Q3 25 | $537.3M | $650.3M | ||
| Q2 25 | $357.0M | $671.9M | ||
| Q1 25 | $355.7M | $667.7M | ||
| Q4 24 | $431.8M | $500.3M | ||
| Q3 24 | $372.1M | $520.4M | ||
| Q2 24 | $389.0M | $518.5M | ||
| Q1 24 | $365.3M | $522.7M |
| Q4 25 | $807.5M | $893.4M | ||
| Q3 25 | $781.0M | $932.9M | ||
| Q2 25 | $660.4M | $951.5M | ||
| Q1 25 | $669.9M | $975.2M | ||
| Q4 24 | $849.9M | $810.9M | ||
| Q3 24 | $899.6M | $791.2M | ||
| Q2 24 | $938.9M | $778.4M | ||
| Q1 24 | $949.2M | $749.7M |
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 | — | $37.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $37.4M | ||
| Q3 25 | — | $49.4M | ||
| Q2 25 | $-7.5M | $66.0M | ||
| Q1 25 | $-121.0M | $17.5M | ||
| Q4 24 | — | $34.7M | ||
| Q3 24 | — | $45.7M | ||
| Q2 24 | $-37.8M | $35.2M | ||
| Q1 24 | $-205.8M | $39.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-8.5M | — | ||
| Q1 25 | $-128.9M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-40.7M | — | ||
| Q1 24 | $-208.3M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -16.1% | — | ||
| Q1 25 | -271.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -84.1% | — | ||
| Q1 24 | -392.1% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 16.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.9% | — | ||
| Q1 24 | 4.7% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.68× | ||
| Q1 25 | — | 6.56× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.62× | ||
| Q2 24 | — | 3.22× | ||
| 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% |
VTS
| Oil Reserves | $54.5M | 93% |
| Natural Gas Reserves | $4.2M | 7% |
