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Side-by-side financial comparison of Canopy Growth Corp (CGC) and Whitestone REIT (WSR). Click either name above to swap in a different company.
Canopy Growth Corp is the larger business by last-quarter revenue ($54.4M vs $43.9M, roughly 1.2× Whitestone REIT). Whitestone REIT runs the higher net margin — 52.0% vs -84.0%, a 136.0% gap on every dollar of revenue. On growth, Whitestone REIT posted the faster year-over-year revenue change (7.5% vs -0.3%). Over the past eight quarters, Whitestone REIT's revenue compounded faster (8.7% CAGR vs 1.2%).
Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.
Whitestone REIT is a publicly traded real estate investment trust that acquires, owns, manages and redevelops open-air community shopping centers, primarily located in high-growth metropolitan areas across the southwestern and southeastern United States. Its property portfolio is largely anchored by daily necessity, service-focused retail tenants that cater to regular local consumer demand.
CGC vs WSR — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $54.4M | $43.9M |
| Net Profit | $-45.7M | $22.8M |
| Gross Margin | 28.8% | — |
| Operating Margin | -35.3% | 53.0% |
| Net Margin | -84.0% | 52.0% |
| Revenue YoY | -0.3% | 7.5% |
| Net Profit YoY | 48.6% | 31.7% |
| EPS (diluted) | — | $0.43 |
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 | $43.9M | ||
| Q3 25 | $48.7M | $41.0M | ||
| Q2 25 | $52.7M | $37.9M | ||
| Q1 25 | $47.5M | $38.0M | ||
| Q4 24 | $54.6M | $40.8M | ||
| Q3 24 | $46.0M | $38.6M | ||
| Q2 24 | $48.3M | $37.6M | ||
| Q1 24 | $53.1M | $37.2M |
| Q4 25 | $-45.7M | $22.8M | ||
| Q3 25 | $-1.2M | $18.3M | ||
| Q2 25 | $-30.3M | $5.1M | ||
| Q1 25 | — | $3.7M | ||
| Q4 24 | $-89.0M | $17.3M | ||
| Q3 24 | $-93.7M | $7.6M | ||
| Q2 24 | $-92.8M | $2.6M | ||
| Q1 24 | — | $9.3M |
| 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% | 53.0% | ||
| Q3 25 | -25.3% | 45.5% | ||
| Q2 25 | -31.4% | 13.8% | ||
| Q1 25 | — | 10.2% | ||
| Q4 24 | -31.9% | 43.3% | ||
| Q3 24 | -72.9% | 20.3% | ||
| Q2 24 | -44.0% | 7.2% | ||
| Q1 24 | — | 25.9% |
| Q4 25 | -84.0% | 52.0% | ||
| Q3 25 | -2.5% | 44.7% | ||
| Q2 25 | -57.6% | 13.3% | ||
| Q1 25 | — | 9.7% | ||
| Q4 24 | -163.0% | 42.5% | ||
| Q3 24 | -203.7% | 19.7% | ||
| Q2 24 | -192.0% | 6.9% | ||
| Q1 24 | — | 25.1% |
| Q4 25 | — | $0.43 | ||
| Q3 25 | — | $0.35 | ||
| Q2 25 | — | $0.10 | ||
| Q1 25 | — | $0.07 | ||
| Q4 24 | — | $0.34 | ||
| Q3 24 | — | $0.15 | ||
| Q2 24 | — | $0.05 | ||
| Q1 24 | — | $0.18 |
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 | $4.9M |
| Total DebtLower is stronger | — | $649.4M |
| Stockholders' EquityBook value | $553.5M | $458.1M |
| Total Assets | $807.5M | $1.2B |
| Debt / EquityLower = less leverage | — | 1.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.1M | $4.9M | ||
| Q3 25 | $217.6M | $6.8M | ||
| Q2 25 | $104.8M | $5.3M | ||
| Q1 25 | $96.0M | $5.6M | ||
| Q4 24 | $130.2M | $5.2M | ||
| Q3 24 | $168.8M | $2.5M | ||
| Q2 24 | $142.3M | $3.2M | ||
| Q1 24 | $148.5M | $6.2M |
| Q4 25 | — | $649.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $632.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $553.5M | $458.1M | ||
| Q3 25 | $537.3M | $439.5M | ||
| Q2 25 | $357.0M | $427.5M | ||
| Q1 25 | $355.7M | $431.0M | ||
| Q4 24 | $431.8M | $438.2M | ||
| Q3 24 | $372.1M | $419.5M | ||
| Q2 24 | $389.0M | $418.3M | ||
| Q1 24 | $365.3M | $421.6M |
| Q4 25 | $807.5M | $1.2B | ||
| Q3 25 | $781.0M | $1.1B | ||
| Q2 25 | $660.4M | $1.2B | ||
| Q1 25 | $669.9M | $1.1B | ||
| Q4 24 | $849.9M | $1.1B | ||
| Q3 24 | $899.6M | $1.1B | ||
| Q2 24 | $938.9M | $1.1B | ||
| Q1 24 | $949.2M | $1.1B |
| Q4 25 | — | 1.42× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.44× | ||
| 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 | — | $50.8M |
| Free Cash FlowOCF − Capex | — | $50.5M |
| FCF MarginFCF / Revenue | — | 114.9% |
| Capex IntensityCapex / Revenue | — | 0.7% |
| Cash ConversionOCF / Net Profit | — | 2.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $50.8M | ||
| Q3 25 | — | $18.0M | ||
| Q2 25 | $-7.5M | $13.8M | ||
| Q1 25 | $-121.0M | $3.1M | ||
| Q4 24 | — | $58.2M | ||
| Q3 24 | — | $16.4M | ||
| Q2 24 | $-37.8M | $12.3M | ||
| Q1 24 | $-205.8M | $11.5M |
| Q4 25 | — | $50.5M | ||
| Q3 25 | — | — | ||
| Q2 25 | $-8.5M | — | ||
| Q1 25 | $-128.9M | — | ||
| Q4 24 | — | $58.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | $-40.7M | — | ||
| Q1 24 | $-208.3M | — |
| Q4 25 | — | 114.9% | ||
| Q3 25 | — | — | ||
| Q2 25 | -16.1% | — | ||
| Q1 25 | -271.5% | — | ||
| Q4 24 | — | 142.1% | ||
| Q3 24 | — | — | ||
| Q2 24 | -84.1% | — | ||
| Q1 24 | -392.1% | — |
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 16.6% | — | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.9% | — | ||
| Q1 24 | 4.7% | — |
| Q4 25 | — | 2.22× | ||
| Q3 25 | — | 0.98× | ||
| Q2 25 | — | 2.74× | ||
| Q1 25 | — | 0.83× | ||
| Q4 24 | — | 3.36× | ||
| Q3 24 | — | 2.15× | ||
| Q2 24 | — | 4.73× | ||
| Q1 24 | — | 1.23× |
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% |
WSR
Segment breakdown not available.
