vs
Canopy Growth Corp（CGC）与Planet Labs PBC（PL）财务数据对比。点击上方公司名可切换其他公司
Planet Labs PBC的季度营收约是Canopy Growth Corp的1.5倍（$81.3M vs $54.4M），Planet Labs PBC净利率更高（-72.8% vs -84.0%，领先11.2%），Planet Labs PBC同比增速更快（32.6% vs -0.3%），过去两年Planet Labs PBC的营收复合增速更高（17.5% 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。
Planet Labs PBC（常简称为Planet）是总部位于美国加利福尼亚州旧金山的上市地球影像企业，核心目标是实现全球范围的每日成像，以此监测地表变化、精准识别相关趋势，为多行业的地理数据分析需求提供可靠的数据支持。
CGC vs PL — 直观对比
营收规模更大
PL
是对方的1.5倍
$54.4M
营收增速更快
PL
高出32.9%
-0.3%
净利率更高
PL
高出11.2%
-84.0%
两年增速更快
PL
近两年复合增速
1.2%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $54.4M | $81.3M |
| 净利润 | $-45.7M | $-59.2M |
| 毛利率 | 28.8% | 57.3% |
| 营业利润率 | -35.3% | -22.6% |
| 净利率 | -84.0% | -72.8% |
| 营收同比 | -0.3% | 32.6% |
| 净利润同比 | 48.6% | -194.7% |
| 每股收益（稀释后） | — | $-0.19 |
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CGCPL
| Q4 25 | $54.4M | $81.3M | ||
| Q3 25 | $48.7M | $73.4M | ||
| Q2 25 | $52.7M | $66.3M | ||
| Q1 25 | $47.5M | $61.6M | ||
| Q4 24 | $54.6M | $61.3M | ||
| Q3 24 | $46.0M | $61.1M | ||
| Q2 24 | $48.3M | $60.4M | ||
| Q1 24 | $53.1M | $58.9M |
净利润CGCPL
| Q4 25 | $-45.7M | $-59.2M | ||
| Q3 25 | $-1.2M | $-22.6M | ||
| Q2 25 | $-30.3M | $-12.6M | ||
| Q1 25 | — | $-35.2M | ||
| Q4 24 | $-89.0M | $-20.1M | ||
| Q3 24 | $-93.7M | $-38.7M | ||
| Q2 24 | $-92.8M | $-29.3M | ||
| Q1 24 | — | $-30.1M |
毛利率CGCPL
| Q4 25 | 28.8% | 57.3% | ||
| Q3 25 | 32.8% | 57.6% | ||
| Q2 25 | 25.0% | 55.2% | ||
| Q1 25 | 16.2% | 62.1% | ||
| Q4 24 | 32.2% | 61.2% | ||
| Q3 24 | 34.7% | 52.9% | ||
| Q2 24 | 34.8% | 52.4% | ||
| Q1 24 | 21.3% | 55.2% |
营业利润率CGCPL
| Q4 25 | -35.3% | -22.6% | ||
| Q3 25 | -25.3% | -24.5% | ||
| Q2 25 | -31.4% | -34.4% | ||
| Q1 25 | — | -31.5% | ||
| Q4 24 | -31.9% | -36.9% | ||
| Q3 24 | -72.9% | -64.8% | ||
| Q2 24 | -44.0% | -57.2% | ||
| Q1 24 | — | -57.6% |
净利率CGCPL
| Q4 25 | -84.0% | -72.8% | ||
| Q3 25 | -2.5% | -30.8% | ||
| Q2 25 | -57.6% | -19.1% | ||
| Q1 25 | — | -57.1% | ||
| Q4 24 | -163.0% | -32.8% | ||
| Q3 24 | -203.7% | -63.3% | ||
| Q2 24 | -192.0% | -48.5% | ||
| Q1 24 | — | -51.1% |
每股收益（稀释后）CGCPL
| Q4 25 | — | $-0.19 | ||
| Q3 25 | — | $-0.07 | ||
| Q2 25 | — | $-0.04 | ||
| Q1 25 | — | $-0.12 | ||
| Q4 24 | — | $-0.07 | ||
| Q3 24 | — | $-0.13 | ||
| Q2 24 | — | $-0.10 | ||
| Q1 24 | — | $-0.10 |
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 | $443.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $553.5M | $349.6M |
| 总资产 | $807.5M | $1.1B |
| 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CGCPL
| Q4 25 | $271.1M | $443.3M | ||
| Q3 25 | $217.6M | $181.1M | ||
| Q2 25 | $104.8M | $133.5M | ||
| Q1 25 | $96.0M | $118.0M | ||
| Q4 24 | $130.2M | $139.0M | ||
| Q3 24 | $168.8M | $148.3M | ||
| Q2 24 | $142.3M | $107.4M | ||
| Q1 24 | $148.5M | $83.9M |
股东权益CGCPL
| Q4 25 | $553.5M | $349.6M | ||
| Q3 25 | $537.3M | $435.7M | ||
| Q2 25 | $357.0M | $444.8M | ||
| Q1 25 | $355.7M | $441.3M | ||
| Q4 24 | $431.8M | $464.6M | ||
| Q3 24 | $372.1M | $473.2M | ||
| Q2 24 | $389.0M | $500.3M | ||
| Q1 24 | $365.3M | $518.0M |
总资产CGCPL
| Q4 25 | $807.5M | $1.1B | ||
| Q3 25 | $781.0M | $696.4M | ||
| Q2 25 | $660.4M | $658.4M | ||
| Q1 25 | $669.9M | $633.8M | ||
| Q4 24 | $849.9M | $630.8M | ||
| Q3 24 | $899.6M | $658.4M | ||
| Q2 24 | $938.9M | $674.6M | ||
| Q1 24 | $949.2M | $702.0M |
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 | — | $28.6M |
| 自由现金流经营现金流 - 资本支出 | — | $1.9M |
| 自由现金流率自由现金流/营收 | — | 2.3% |
| 资本支出强度资本支出/营收 | — | 32.9% |
| 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 | — | $40.7M |
8季度趋势，按日历期对齐
经营现金流CGCPL
| Q4 25 | — | $28.6M | ||
| Q3 25 | — | $67.8M | ||
| Q2 25 | $-7.5M | $17.3M | ||
| Q1 25 | $-121.0M | $-6.3M | ||
| Q4 24 | — | $4.1M | ||
| Q3 24 | — | $-7.9M | ||
| Q2 24 | $-37.8M | $-4.3M | ||
| Q1 24 | $-205.8M | $-6.8M |
自由现金流CGCPL
| Q4 25 | — | $1.9M | ||
| Q3 25 | — | $47.5M | ||
| Q2 25 | $-8.5M | $9.2M | ||
| Q1 25 | $-128.9M | $-17.9M | ||
| Q4 24 | — | $-3.6M | ||
| Q3 24 | — | $-23.0M | ||
| Q2 24 | $-40.7M | $-14.2M | ||
| Q1 24 | $-208.3M | $-15.7M |
自由现金流率CGCPL
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 64.7% | ||
| Q2 25 | -16.1% | 13.9% | ||
| Q1 25 | -271.5% | -29.1% | ||
| Q4 24 | — | -5.8% | ||
| Q3 24 | — | -37.6% | ||
| Q2 24 | -84.1% | -23.6% | ||
| Q1 24 | -392.1% | -26.7% |
资本支出强度CGCPL
| Q4 25 | — | 32.9% | ||
| Q3 25 | — | 27.6% | ||
| Q2 25 | 1.8% | 12.3% | ||
| Q1 25 | 16.6% | 18.9% | ||
| Q4 24 | — | 12.5% | ||
| Q3 24 | — | 24.8% | ||
| Q2 24 | 5.9% | 16.4% | ||
| Q1 24 | 4.7% | 15.1% |
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% |
PL
| Defense And Intelligence | $49.4M | 61% |
| Civil Government | $18.8M | 23% |
| Commercial | $13.1M | 16% |
