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Canopy Growth Corp（CGC）与KINGSWAY FINANCIAL SERVICES INC（KFS）财务数据对比。点击上方公司名可切换其他公司
Canopy Growth Corp的季度营收约是KINGSWAY FINANCIAL SERVICES INC的1.4倍（$54.4M vs $38.6M），KINGSWAY FINANCIAL SERVICES INC净利率更高（-4.1% vs -84.0%，领先79.9%），KINGSWAY FINANCIAL SERVICES INC同比增速更快（30.1% vs -0.3%），过去两年KINGSWAY FINANCIAL SERVICES INC的营收复合增速更高（21.4% vs 1.2%）
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。
金斯威金融服务公司是一家专业金融控股企业，主要提供财产和意外伤害保险产品，包括个人车险、商业责任险、财产险等，核心市场覆盖北美地区，服务个人消费者、小微企业主及特定商业客户群体。
CGC vs KFS — 直观对比
营收规模更大
CGC
是对方的1.4倍
$38.6M
营收增速更快
KFS
高出30.4%
-0.3%
净利率更高
KFS
高出79.9%
-84.0%
两年增速更快
KFS
近两年复合增速
1.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $54.4M | $38.6M |
| 净利润 | $-45.7M | $-1.6M |
| 毛利率 | 28.8% | — |
| 营业利润率 | -35.3% | 0.8% |
| 净利率 | -84.0% | -4.1% |
| 营收同比 | -0.3% | 30.1% |
| 净利润同比 | 48.6% | -7.8% |
| 每股收益（稀释后） | — | $-0.07 |
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CGCKFS
| Q4 25 | $54.4M | $38.6M | ||
| Q3 25 | $48.7M | $37.2M | ||
| Q2 25 | $52.7M | $30.9M | ||
| Q1 25 | $47.5M | $28.3M | ||
| Q4 24 | $54.6M | $29.6M | ||
| Q3 24 | $46.0M | $27.1M | ||
| Q2 24 | $48.3M | $26.4M | ||
| Q1 24 | $53.1M | $26.2M |
净利润CGCKFS
| Q4 25 | $-45.7M | $-1.6M | ||
| Q3 25 | $-1.2M | $-2.4M | ||
| Q2 25 | $-30.3M | $-3.2M | ||
| Q1 25 | — | $-3.1M | ||
| Q4 24 | $-89.0M | $-1.5M | ||
| Q3 24 | $-93.7M | $-2.3M | ||
| Q2 24 | $-92.8M | $-2.2M | ||
| Q1 24 | — | $-2.3M |
毛利率CGCKFS
| 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% | — |
营业利润率CGCKFS
| Q4 25 | -35.3% | 0.8% | ||
| Q3 25 | -25.3% | -2.3% | ||
| Q2 25 | -31.4% | -3.6% | ||
| Q1 25 | — | -2.5% | ||
| Q4 24 | -31.9% | 6.5% | ||
| Q3 24 | -72.9% | -2.5% | ||
| Q2 24 | -44.0% | 0.5% | ||
| Q1 24 | — | 2.9% |
净利率CGCKFS
| Q4 25 | -84.0% | -4.1% | ||
| Q3 25 | -2.5% | -6.5% | ||
| Q2 25 | -57.6% | -10.2% | ||
| Q1 25 | — | -10.9% | ||
| Q4 24 | -163.0% | -5.0% | ||
| Q3 24 | -203.7% | -8.5% | ||
| Q2 24 | -192.0% | -8.3% | ||
| Q1 24 | — | -8.9% |
每股收益（稀释后）CGCKFS
| Q4 25 | — | $-0.07 | ||
| Q3 25 | — | $-0.10 | ||
| Q2 25 | — | $-0.13 | ||
| Q1 25 | — | $-0.13 | ||
| Q4 24 | — | $-0.08 | ||
| Q3 24 | — | $-0.10 | ||
| Q2 24 | — | $-0.08 | ||
| Q1 24 | — | $-0.09 |
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 | $8.5M |
| 总债务越低越好 | — | $70.7M |
| 股东权益账面价值 | $553.5M | $15.2M |
| 总资产 | $807.5M | $231.5M |
| 负债/权益比越低杠杆越低 | — | 4.66× |
8季度趋势，按日历期对齐
现金及短期投资CGCKFS
| Q4 25 | $271.1M | $8.5M | ||
| Q3 25 | $217.6M | $9.5M | ||
| Q2 25 | $104.8M | $12.3M | ||
| Q1 25 | $96.0M | $6.5M | ||
| Q4 24 | $130.2M | $5.7M | ||
| Q3 24 | $168.8M | $6.7M | ||
| Q2 24 | $142.3M | $9.8M | ||
| Q1 24 | $148.5M | $12.3M |
总债务CGCKFS
| Q4 25 | — | $70.7M | ||
| Q3 25 | — | $70.7M | ||
| Q2 25 | — | $58.3M | ||
| Q1 25 | — | $59.5M | ||
| Q4 24 | — | $57.5M | ||
| Q3 24 | — | $58.5M | ||
| Q2 24 | — | $47.3M | ||
| Q1 24 | — | $47.1M |
股东权益CGCKFS
| Q4 25 | $553.5M | $15.2M | ||
| Q3 25 | $537.3M | $16.6M | ||
| Q2 25 | $357.0M | $17.4M | ||
| Q1 25 | $355.7M | $5.5M | ||
| Q4 24 | $431.8M | $8.4M | ||
| Q3 24 | $372.1M | $9.9M | ||
| Q2 24 | $389.0M | $20.7M | ||
| Q1 24 | $365.3M | $23.6M |
总资产CGCKFS
| Q4 25 | $807.5M | $231.5M | ||
| Q3 25 | $781.0M | $235.1M | ||
| Q2 25 | $660.4M | $207.7M | ||
| Q1 25 | $669.9M | $192.1M | ||
| Q4 24 | $849.9M | $186.6M | ||
| Q3 24 | $899.6M | $191.1M | ||
| Q2 24 | $938.9M | $192.3M | ||
| Q1 24 | $949.2M | $198.0M |
负债/权益比CGCKFS
| Q4 25 | — | 4.66× | ||
| Q3 25 | — | 4.25× | ||
| Q2 25 | — | 3.34× | ||
| Q1 25 | — | 10.91× | ||
| Q4 24 | — | 6.84× | ||
| Q3 24 | — | 5.88× | ||
| Q2 24 | — | 2.29× | ||
| Q1 24 | — | 2.00× |
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 | — | $-3.0K |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流CGCKFS
| Q4 25 | — | $-3.0K | ||
| Q3 25 | — | $1.5M | ||
| Q2 25 | $-7.5M | $337.0K | ||
| Q1 25 | $-121.0M | $-1.8M | ||
| Q4 24 | — | $1.1M | ||
| Q3 24 | — | $368.0K | ||
| Q2 24 | $-37.8M | $557.0K | ||
| Q1 24 | $-205.8M | $249.0K |
自由现金流CGCKFS
| Q4 25 | — | — | ||
| Q3 25 | — | $1.3M | ||
| Q2 25 | $-8.5M | — | ||
| Q1 25 | $-128.9M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-40.7M | — | ||
| Q1 24 | $-208.3M | — |
自由现金流率CGCKFS
| Q4 25 | — | — | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | -16.1% | — | ||
| Q1 25 | -271.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -84.1% | — | ||
| Q1 24 | -392.1% | — |
资本支出强度CGCKFS
| Q4 25 | — | — | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 16.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | 5.9% | — | ||
| Q1 24 | 4.7% | — |
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% |
KFS
| Other | $14.8M | 38% |
| Roundhouse Electric Equipment Co Inc | $9.7M | 25% |
| MLC Plumbing LLC | $5.7M | 15% |
| Systems Products International Incspi | $3.8M | 10% |
| Advanced Plumbing And Drain | $2.9M | 8% |
| Southside Plumbing | $1.7M | 4% |
