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Side-by-side financial comparison of COUSINS PROPERTIES INC (CUZ) and Tilray Brands, Inc. (TLRY). Click either name above to swap in a different company.

COUSINS PROPERTIES INC is the larger business by last-quarter revenue ($255.0M vs $217.5M, roughly 1.2× Tilray Brands, Inc.). COUSINS PROPERTIES INC runs the higher net margin — -1.4% vs -20.7%, a 19.3% gap on every dollar of revenue. On growth, COUSINS PROPERTIES INC posted the faster year-over-year revenue change (13.2% vs 3.1%). Over the past eight quarters, COUSINS PROPERTIES INC's revenue compounded faster (10.4% CAGR vs 7.5%).

Cousins Properties Incorporated is a publicly traded real estate investment trust (REIT) that invests in office buildings in Atlanta, Charlotte, Austin, Phoenix, Tampa, and Chapel Hill, North Carolina. The company has developed notable properties including CNN Center, Omni Coliseum, 191 Peachtree Tower, and Emory Point in Atlanta.

Tilray Brands, Inc. is an American pharmaceutical, cannabis-lifestyle and consumer packaged goods company, incorporated in the United States, headquartered in New York City. Tilray also has operations in Canada, Australia, New Zealand, and Latin America, with growing facilities in Germany and Portugal.

CUZ vs TLRY — Head-to-Head

Bigger by revenue
CUZ
CUZ
1.2× larger
CUZ
$255.0M
$217.5M
TLRY
Growing faster (revenue YoY)
CUZ
CUZ
+10.1% gap
CUZ
13.2%
3.1%
TLRY
Higher net margin
CUZ
CUZ
19.3% more per $
CUZ
-1.4%
-20.7%
TLRY
Faster 2-yr revenue CAGR
CUZ
CUZ
Annualised
CUZ
10.4%
7.5%
TLRY

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
CUZ
CUZ
TLRY
TLRY
Revenue
$255.0M
$217.5M
Net Profit
$-3.5M
$-44.9M
Gross Margin
67.4%
26.4%
Operating Margin
67.5%
-10.2%
Net Margin
-1.4%
-20.7%
Revenue YoY
13.2%
3.1%
Net Profit YoY
-125.4%
47.4%
EPS (diluted)
$-0.02
$-0.41

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.

Revenue
CUZ
CUZ
TLRY
TLRY
Q4 25
$255.0M
$217.5M
Q3 25
$248.3M
$209.5M
Q2 25
$240.1M
$224.5M
Q1 25
$250.3M
$185.8M
Q4 24
$225.3M
$210.9M
Q3 24
$209.2M
$200.0M
Q2 24
$213.0M
$229.9M
Q1 24
$209.2M
$188.3M
Net Profit
CUZ
CUZ
TLRY
TLRY
Q4 25
$-3.5M
$-44.9M
Q3 25
$8.6M
$-322.0K
Q2 25
$14.5M
$-1.3B
Q1 25
$20.9M
$-789.4M
Q4 24
$13.6M
$-85.3M
Q3 24
$11.2M
$-39.2M
Q2 24
$7.8M
$-31.7M
Q1 24
$13.3M
$-92.7M
Gross Margin
CUZ
CUZ
TLRY
TLRY
Q4 25
67.4%
26.4%
Q3 25
67.8%
27.4%
Q2 25
69.1%
30.1%
Q1 25
69.2%
28.0%
Q4 24
67.6%
29.0%
Q3 24
68.5%
29.8%
Q2 24
66.8%
35.8%
Q1 24
66.0%
26.2%
Operating Margin
CUZ
CUZ
TLRY
TLRY
Q4 25
67.5%
-10.2%
Q3 25
68.1%
1.0%
Q2 25
69.4%
-643.1%
Q1 25
66.0%
-409.0%
Q4 24
65.8%
-20.0%
Q3 24
67.9%
-18.3%
Q2 24
66.4%
-7.2%
Q1 24
66.3%
-43.6%
Net Margin
CUZ
CUZ
TLRY
TLRY
Q4 25
-1.4%
-20.7%
Q3 25
3.5%
-0.2%
Q2 25
6.0%
-566.9%
Q1 25
8.3%
-424.9%
Q4 24
6.1%
-40.5%
Q3 24
5.4%
-19.6%
Q2 24
3.7%
-13.8%
Q1 24
6.4%
-49.2%
EPS (diluted)
CUZ
CUZ
TLRY
TLRY
Q4 25
$-0.02
$-0.41
Q3 25
$0.05
$0.00
Q2 25
$0.09
$7.26
Q1 25
$0.12
$-8.69
Q4 24
$0.09
$-0.99
Q3 24
$0.07
$-0.04
Q2 24
$0.05
$-0.04
Q1 24
$0.09
$-0.12

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CUZ
CUZ
TLRY
TLRY
Cash + ST InvestmentsLiquidity on hand
$5.7M
$291.6M
Total DebtLower is stronger
$3.3B
Stockholders' EquityBook value
$4.7B
$1.6B
Total Assets
$8.9B
$2.1B
Debt / EquityLower = less leverage
0.71×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CUZ
CUZ
TLRY
TLRY
Q4 25
$5.7M
$291.6M
Q3 25
$4.7M
$264.8M
Q2 25
$416.8M
$256.4M
Q1 25
$5.3M
Q4 24
$7.3M
$252.2M
Q3 24
$76.1M
$280.1M
Q2 24
$6.0M
$260.5M
Q1 24
$5.5M
$225.9M
Total Debt
CUZ
CUZ
TLRY
TLRY
Q4 25
$3.3B
Q3 25
$3.3B
Q2 25
$3.5B
Q1 25
$3.0B
Q4 24
$3.1B
Q3 24
$2.7B
Q2 24
$2.6B
Q1 24
$2.6B
Stockholders' Equity
CUZ
CUZ
TLRY
TLRY
Q4 25
$4.7B
$1.6B
Q3 25
$4.7B
$1.5B
Q2 25
$4.8B
$1.5B
Q1 25
$4.8B
$2.7B
Q4 24
$4.8B
$3.5B
Q3 24
$4.4B
$3.5B
Q2 24
$4.5B
$3.4B
Q1 24
$4.5B
$3.4B
Total Assets
CUZ
CUZ
TLRY
TLRY
Q4 25
$8.9B
$2.1B
Q3 25
$8.9B
$2.1B
Q2 25
$9.1B
$2.1B
Q1 25
$8.7B
Q4 24
$8.8B
$4.2B
Q3 24
$7.8B
$4.3B
Q2 24
$7.7B
$4.2B
Q1 24
$7.7B
$4.2B
Debt / Equity
CUZ
CUZ
TLRY
TLRY
Q4 25
0.71×
Q3 25
0.70×
Q2 25
0.73×
Q1 25
0.63×
Q4 24
0.64×
Q3 24
0.60×
Q2 24
0.58×
Q1 24
0.57×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CUZ
CUZ
TLRY
TLRY
Operating Cash FlowLast quarter
$402.3M
$-8.5M
Free Cash FlowOCF − Capex
$135.0M
FCF MarginFCF / Revenue
53.0%
Capex IntensityCapex / Revenue
104.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CUZ
CUZ
TLRY
TLRY
Q4 25
$402.3M
$-8.5M
Q3 25
$120.5M
$-1.3M
Q2 25
$122.6M
$-12.8M
Q1 25
$44.8M
$-5.8M
Q4 24
$400.2M
$-40.7M
Q3 24
$117.4M
$-35.3M
Q2 24
$125.5M
$30.7M
Q1 24
$28.3M
$-15.4M
Free Cash Flow
CUZ
CUZ
TLRY
TLRY
Q4 25
$135.0M
Q3 25
Q2 25
$-19.1M
Q1 25
$-20.2M
Q4 24
$147.5M
$-46.2M
Q3 24
$-42.0M
Q2 24
$21.0M
Q1 24
$-24.9M
FCF Margin
CUZ
CUZ
TLRY
TLRY
Q4 25
53.0%
Q3 25
Q2 25
-8.5%
Q1 25
-10.9%
Q4 24
65.5%
-21.9%
Q3 24
-21.0%
Q2 24
9.1%
Q1 24
-13.2%
Capex Intensity
CUZ
CUZ
TLRY
TLRY
Q4 25
104.8%
Q3 25
Q2 25
2.8%
Q1 25
7.8%
Q4 24
112.2%
2.6%
Q3 24
3.4%
Q2 24
4.2%
Q1 24
5.1%
Cash Conversion
CUZ
CUZ
TLRY
TLRY
Q4 25
Q3 25
14.03×
Q2 25
8.46×
Q1 25
2.14×
Q4 24
29.35×
Q3 24
10.48×
Q2 24
16.01×
Q1 24
2.13×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CUZ
CUZ

Rental Properties$253.3M99%
Fee And Other Revenue$1.7M1%
Other$1.2M0%

TLRY
TLRY

Adultuse Cannabis Products$62.4M29%
Other$59.2M27%
Beverage Alcohol Business$53.6M25%
International Cannabis Products$20.2M9%
Wellness Business$14.6M7%
Medical Cannabis Products$6.2M3%
Wholesale Cannabis Products$1.3M1%

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