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Canopy Growth Corp（CGC）与CARRIAGE SERVICES INC（CSV）财务数据对比。点击上方公司名可切换其他公司
CARRIAGE SERVICES INC的季度营收约是Canopy Growth Corp的1.9倍（$105.5M vs $54.4M），CARRIAGE SERVICES INC净利率更高（11.6% vs -84.0%，领先95.7%），CARRIAGE SERVICES INC同比增速更快（8.0% vs -0.3%），过去两年Canopy Growth Corp的营收复合增速更高（1.2% vs 1.0%）
Canopy Growth Corp前身为Tweed Marijuana Inc，是一家总部位于加拿大安大略省史密斯福尔斯的大麻企业，在北美大麻行业拥有较高知名度，主要从事大麻相关产品的研发、生产与销售业务。
怡和Cycle & Carriage有限公司是怡和集团在东南亚的投资控股公司，目前该集团持有其75%的股份，是怡和集团在东南亚区域开展资本布局与投资业务的核心平台。
CGC vs CSV — 直观对比
营收规模更大
CSV
是对方的1.9倍
$54.4M
营收增速更快
CSV
高出8.3%
-0.3%
净利率更高
CSV
高出95.7%
-84.0%
两年增速更快
CGC
近两年复合增速
1.0%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $54.4M | $105.5M |
| 净利润 | $-45.7M | $12.3M |
| 毛利率 | 28.8% | 34.8% |
| 营业利润率 | -35.3% | 23.3% |
| 净利率 | -84.0% | 11.6% |
| 营收同比 | -0.3% | 8.0% |
| 净利润同比 | 48.6% | 24.5% |
| 每股收益（稀释后） | — | $0.76 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CGCCSV
| Q4 25 | $54.4M | $105.5M | ||
| Q3 25 | $48.7M | $102.7M | ||
| Q2 25 | $52.7M | $102.1M | ||
| Q1 25 | $47.5M | $107.1M | ||
| Q4 24 | $54.6M | $97.7M | ||
| Q3 24 | $46.0M | $100.7M | ||
| Q2 24 | $48.3M | $102.3M | ||
| Q1 24 | $53.1M | $103.5M |
净利润CGCCSV
| Q4 25 | $-45.7M | $12.3M | ||
| Q3 25 | $-1.2M | $6.6M | ||
| Q2 25 | $-30.3M | $11.7M | ||
| Q1 25 | — | $20.9M | ||
| Q4 24 | $-89.0M | $9.9M | ||
| Q3 24 | $-93.7M | $9.9M | ||
| Q2 24 | $-92.8M | $6.3M | ||
| Q1 24 | — | $7.0M |
毛利率CGCCSV
| Q4 25 | 28.8% | 34.8% | ||
| Q3 25 | 32.8% | 35.3% | ||
| Q2 25 | 25.0% | 35.2% | ||
| Q1 25 | 16.2% | 35.3% | ||
| Q4 24 | 32.2% | 34.4% | ||
| Q3 24 | 34.7% | 35.2% | ||
| Q2 24 | 34.8% | 36.2% | ||
| Q1 24 | 21.3% | 36.0% |
营业利润率CGCCSV
| Q4 25 | -35.3% | 23.3% | ||
| Q3 25 | -25.3% | 17.0% | ||
| Q2 25 | -31.4% | 23.5% | ||
| Q1 25 | — | 29.5% | ||
| Q4 24 | -31.9% | 21.6% | ||
| Q3 24 | -72.9% | 22.7% | ||
| Q2 24 | -44.0% | 18.0% | ||
| Q1 24 | — | 18.8% |
净利率CGCCSV
| Q4 25 | -84.0% | 11.6% | ||
| Q3 25 | -2.5% | 6.4% | ||
| Q2 25 | -57.6% | 11.5% | ||
| Q1 25 | — | 19.5% | ||
| Q4 24 | -163.0% | 10.1% | ||
| Q3 24 | -203.7% | 9.8% | ||
| Q2 24 | -192.0% | 6.1% | ||
| Q1 24 | — | 6.7% |
每股收益（稀释后）CGCCSV
| Q4 25 | — | $0.76 | ||
| Q3 25 | — | $0.41 | ||
| Q2 25 | — | $0.74 | ||
| Q1 25 | — | $1.34 | ||
| Q4 24 | — | $0.62 | ||
| Q3 24 | — | $0.63 | ||
| Q2 24 | — | $0.40 | ||
| Q1 24 | — | $0.45 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $271.1M | $1.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $553.5M | $254.8M |
| 总资产 | $807.5M | $1.3B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CGCCSV
| Q4 25 | $271.1M | $1.7M | ||
| Q3 25 | $217.6M | $1.2M | ||
| Q2 25 | $104.8M | $1.4M | ||
| Q1 25 | $96.0M | $4.6M | ||
| Q4 24 | $130.2M | $1.2M | ||
| Q3 24 | $168.8M | $1.3M | ||
| Q2 24 | $142.3M | $1.5M | ||
| Q1 24 | $148.5M | $1.7M |
股东权益CGCCSV
| Q4 25 | $553.5M | $254.8M | ||
| Q3 25 | $537.3M | $242.1M | ||
| Q2 25 | $357.0M | $235.4M | ||
| Q1 25 | $355.7M | $223.1M | ||
| Q4 24 | $431.8M | $208.6M | ||
| Q3 24 | $372.1M | $198.1M | ||
| Q2 24 | $389.0M | $187.9M | ||
| Q1 24 | $365.3M | $179.6M |
总资产CGCCSV
| Q4 25 | $807.5M | $1.3B | ||
| Q3 25 | $781.0M | $1.3B | ||
| Q2 25 | $660.4M | $1.3B | ||
| Q1 25 | $669.9M | $1.3B | ||
| Q4 24 | $849.9M | $1.3B | ||
| Q3 24 | $899.6M | $1.3B | ||
| Q2 24 | $938.9M | $1.3B | ||
| Q1 24 | $949.2M | $1.3B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $14.1M |
| 自由现金流经营现金流 - 资本支出 | — | $6.2M |
| 自由现金流率自由现金流/营收 | — | 5.9% |
| 资本支出强度资本支出/营收 | — | 7.5% |
| 现金转化率经营现金流/净利润 | — | 1.15× |
| 过去12个月自由现金流最近4个季度 | — | $40.1M |
8季度趋势，按日历期对齐
经营现金流CGCCSV
| Q4 25 | — | $14.1M | ||
| Q3 25 | — | $24.7M | ||
| Q2 25 | $-7.5M | $8.1M | ||
| Q1 25 | $-121.0M | $13.8M | ||
| Q4 24 | — | $9.3M | ||
| Q3 24 | — | $20.9M | ||
| Q2 24 | $-37.8M | $2.2M | ||
| Q1 24 | $-205.8M | $19.7M |
自由现金流CGCCSV
| Q4 25 | — | $6.2M | ||
| Q3 25 | — | $18.0M | ||
| Q2 25 | $-8.5M | $5.2M | ||
| Q1 25 | $-128.9M | $10.6M | ||
| Q4 24 | — | $4.9M | ||
| Q3 24 | — | $16.2M | ||
| Q2 24 | $-40.7M | $-1.4M | ||
| Q1 24 | $-208.3M | $16.2M |
自由现金流率CGCCSV
| Q4 25 | — | 5.9% | ||
| Q3 25 | — | 17.5% | ||
| Q2 25 | -16.1% | 5.1% | ||
| Q1 25 | -271.5% | 9.9% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | — | 16.1% | ||
| Q2 24 | -84.1% | -1.4% | ||
| Q1 24 | -392.1% | 15.6% |
资本支出强度CGCCSV
| Q4 25 | — | 7.5% | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | 1.8% | 2.8% | ||
| Q1 25 | 16.6% | 3.0% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | — | 4.6% | ||
| Q2 24 | 5.9% | 3.5% | ||
| Q1 24 | 4.7% | 3.4% |
现金转化率CGCCSV
| Q4 25 | — | 1.15× | ||
| Q3 25 | — | 3.76× | ||
| Q2 25 | — | 0.69× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.94× | ||
| Q3 24 | — | 2.11× | ||
| Q2 24 | — | 0.34× | ||
| Q1 24 | — | 2.83× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CGC
| Other | $24.0M | 44% |
| Canadian Adult Use Cannabis | $22.9M | 42% |
| International Markets Cannabis | $6.2M | 11% |
| Other Geographical Area | $1.2M | 2% |
CSV
| Propertyand Merchandise | $47.8M | 45% |
| Cemetery Interment Rights | $24.8M | 23% |
| Merchandise | $18.9M | 18% |
| Other Revenue | $10.2M | 10% |
| Other | $3.9M | 4% |
