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Canopy Growth Corp（CGC）与null（SWIM）财务数据对比。点击上方公司名可切换其他公司
null的季度营收约是Canopy Growth Corp的1.8倍（$100.0M vs $54.4M），null净利率更高（-7.0% vs -84.0%，领先77.0%），null同比增速更快（14.5% vs -0.3%），过去两年Canopy Growth Corp的营收复合增速更高（1.2% vs -4.9%）
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。
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
CGC vs SWIM — 直观对比
营收规模更大
SWIM
是对方的1.8倍
$54.4M
营收增速更快
SWIM
高出14.8%
-0.3%
净利率更高
SWIM
高出77.0%
-84.0%
两年增速更快
CGC
近两年复合增速
-4.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $54.4M | $100.0M |
| 净利润 | $-45.7M | $-7.0M |
| 毛利率 | 28.8% | 28.0% |
| 营业利润率 | -35.3% | -10.7% |
| 净利率 | -84.0% | -7.0% |
| 营收同比 | -0.3% | 14.5% |
| 净利润同比 | 48.6% | 76.0% |
| 每股收益（稀释后） | — | $-0.06 |
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CGCSWIM
| Q4 25 | $54.4M | $100.0M | ||
| Q3 25 | $48.7M | $161.9M | ||
| Q2 25 | $52.7M | $172.6M | ||
| Q1 25 | $47.5M | $111.4M | ||
| Q4 24 | $54.6M | $87.3M | ||
| Q3 24 | $46.0M | $150.5M | ||
| Q2 24 | $48.3M | $160.1M | ||
| Q1 24 | $53.1M | $110.6M |
净利润CGCSWIM
| Q4 25 | $-45.7M | $-7.0M | ||
| Q3 25 | $-1.2M | $8.1M | ||
| Q2 25 | $-30.3M | $16.0M | ||
| Q1 25 | — | $-6.0M | ||
| Q4 24 | $-89.0M | $-29.2M | ||
| Q3 24 | $-93.7M | $5.9M | ||
| Q2 24 | $-92.8M | $13.3M | ||
| Q1 24 | — | $-7.9M |
毛利率CGCSWIM
| Q4 25 | 28.8% | 28.0% | ||
| Q3 25 | 32.8% | 35.4% | ||
| Q2 25 | 25.0% | 37.1% | ||
| Q1 25 | 16.2% | 29.5% | ||
| Q4 24 | 32.2% | 24.6% | ||
| Q3 24 | 34.7% | 32.4% | ||
| Q2 24 | 34.8% | 33.1% | ||
| Q1 24 | 21.3% | 27.7% |
营业利润率CGCSWIM
| Q4 25 | -35.3% | -10.7% | ||
| Q3 25 | -25.3% | 13.3% | ||
| Q2 25 | -31.4% | 14.3% | ||
| Q1 25 | — | -4.4% | ||
| Q4 24 | -31.9% | -14.9% | ||
| Q3 24 | -72.9% | 8.9% | ||
| Q2 24 | -44.0% | 12.5% | ||
| Q1 24 | — | -1.9% |
净利率CGCSWIM
| Q4 25 | -84.0% | -7.0% | ||
| Q3 25 | -2.5% | 5.0% | ||
| Q2 25 | -57.6% | 9.3% | ||
| Q1 25 | — | -5.4% | ||
| Q4 24 | -163.0% | -33.4% | ||
| Q3 24 | -203.7% | 3.9% | ||
| Q2 24 | -192.0% | 8.3% | ||
| Q1 24 | — | -7.1% |
每股收益（稀释后）CGCSWIM
| Q4 25 | — | $-0.06 | ||
| Q3 25 | — | $0.07 | ||
| Q2 25 | — | $0.13 | ||
| Q1 25 | — | $-0.05 | ||
| Q4 24 | — | $-0.24 | ||
| Q3 24 | — | $0.05 | ||
| Q2 24 | — | $0.11 | ||
| Q1 24 | — | $-0.07 |
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 | — |
| 总债务越低越好 | — | $279.8M |
| 股东权益账面价值 | $553.5M | $405.9M |
| 总资产 | $807.5M | $823.2M |
| 负债/权益比越低杠杆越低 | — | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资CGCSWIM
| Q4 25 | $271.1M | — | ||
| Q3 25 | $217.6M | — | ||
| Q2 25 | $104.8M | — | ||
| Q1 25 | $96.0M | — | ||
| Q4 24 | $130.2M | — | ||
| Q3 24 | $168.8M | — | ||
| Q2 24 | $142.3M | — | ||
| Q1 24 | $148.5M | — |
总债务CGCSWIM
| Q4 25 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
股东权益CGCSWIM
| Q4 25 | $553.5M | $405.9M | ||
| Q3 25 | $537.3M | $408.4M | ||
| Q2 25 | $357.0M | $398.4M | ||
| Q1 25 | $355.7M | $381.1M | ||
| Q4 24 | $431.8M | $387.2M | ||
| Q3 24 | $372.1M | $416.6M | ||
| Q2 24 | $389.0M | $408.1M | ||
| Q1 24 | $365.3M | $391.8M |
总资产CGCSWIM
| Q4 25 | $807.5M | $823.2M | ||
| Q3 25 | $781.0M | $844.4M | ||
| Q2 25 | $660.4M | $822.1M | ||
| Q1 25 | $669.9M | $824.6M | ||
| Q4 24 | $849.9M | $794.2M | ||
| Q3 24 | $899.6M | $853.4M | ||
| Q2 24 | $938.9M | $830.0M | ||
| Q1 24 | $949.2M | $808.6M |
负债/权益比CGCSWIM
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.72× |
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 | — | $23.3M |
| 自由现金流经营现金流 - 资本支出 | — | $14.1M |
| 自由现金流率自由现金流/营收 | — | 14.1% |
| 资本支出强度资本支出/营收 | — | 9.2% |
| 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 | — | $38.0M |
8季度趋势，按日历期对齐
经营现金流CGCSWIM
| Q4 25 | — | $23.3M | ||
| Q3 25 | — | $51.0M | ||
| Q2 25 | $-7.5M | $36.0M | ||
| Q1 25 | $-121.0M | $-46.9M | ||
| Q4 24 | — | $6.2M | ||
| Q3 24 | — | $37.2M | ||
| Q2 24 | $-37.8M | $52.4M | ||
| Q1 24 | $-205.8M | $-34.5M |
自由现金流CGCSWIM
| Q4 25 | — | $14.1M | ||
| Q3 25 | — | $45.2M | ||
| Q2 25 | $-8.5M | $29.1M | ||
| Q1 25 | $-128.9M | $-50.3M | ||
| Q4 24 | — | $-98.0K | ||
| Q3 24 | — | $33.2M | ||
| Q2 24 | $-40.7M | $47.9M | ||
| Q1 24 | $-208.3M | $-39.9M |
自由现金流率CGCSWIM
| Q4 25 | — | 14.1% | ||
| Q3 25 | — | 27.9% | ||
| Q2 25 | -16.1% | 16.8% | ||
| Q1 25 | -271.5% | -45.2% | ||
| Q4 24 | — | -0.1% | ||
| Q3 24 | — | 22.1% | ||
| Q2 24 | -84.1% | 29.9% | ||
| Q1 24 | -392.1% | -36.0% |
资本支出强度CGCSWIM
| Q4 25 | — | 9.2% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | 1.8% | 4.0% | ||
| Q1 25 | 16.6% | 3.1% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | 5.9% | 2.8% | ||
| Q1 24 | 4.7% | 4.8% |
现金转化率CGCSWIM
| Q4 25 | — | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.32× | ||
| Q2 24 | — | 3.95× | ||
| Q1 24 | — | — |
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% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
