CGC vs IMCC
Canopy Growth Corp. and IM Cannabis Corp., side by side — 7 fiscal years reported in CAD, drawn from SEC filings.
Most recent reported year
| Metric | CGC | IMCC |
|---|---|---|
| Revenue | CAD 284.6M | CAD 54.7M |
| Net income | CAD -262.9M | CAD -11.3M |
| Gross margin | 24.5% | 17.7% |
| Net margin | −92.4% | −21.5% |
| Return on equity | −44.7% | · |
| Diluted EPS | −CAD 0.88 | −CAD 2.67 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | CAD -69.1M | CAD 4.7M |
| Equity | CAD 697.6M | CAD -3.7M |
| Net debt / equity | −0.19× | · |
| Current ratio | 3.34× | 0.67× |
| Revenue CAGR 5y | −12.2% | 28.1% |
| Profit CAGR 5y | · | · |
CGC bills 5.2× the revenue of IMCC, and both closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
7 years side by side
| Fiscal year | CGC | IMCC |
|---|---|---|
| FY2025 | CAD 284.6M | CAD 54.7M |
| FY2024 | CAD 269.0M | CAD 54.0M |
| FY2023 | CAD 297.1M | CAD 48.8M |
| FY2022 | CAD 333.3M | CAD 54.3M |
| FY2021 | CAD 475.7M | CAD 34.1M |
| FY2020 | CAD 546.6M | CAD 15.9M |
| FY2019 | CAD 398.8M | CAD 9.1M |
Bottom line
| Fiscal year | CGC | IMCC |
|---|---|---|
| FY2025 | CAD -262.9M | CAD -11.3M |
| FY2024 | CAD -508.9M | CAD -10.6M |
| FY2023 | CAD -693.7M | CAD -9.5M |
| FY2022 | CAD -3.3B | CAD -188.9M |
| FY2021 | CAD -310.0M | CAD -17.8M |
| FY2020 | CAD -1.7B | CAD -28.7M |
| FY2019 | CAD -1.3B | CAD -7.3M |
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +CAD 229,872,000 | CGC |
| FY2024 | +CAD 214,964,000 | CGC |
| FY2023 | +CAD 248,342,000 | CGC |
| FY2022 | +CAD 278,918,000 | CGC |
| FY2021 | +CAD 441,646,000 | CGC |
| FY2020 | +CAD 530,759,000 | CGC |
| FY2019 | +CAD 389,698,000 | CGC |
CGC has reported the higher revenue in every one of these 7 fiscal years. The gap has narrowed since the earliest year compared.
7 of 9 comparable fiscal years — a year missing data on either side is not counted.
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −70.9 pp | IMCC |
| FY2024 | −167.4 pp | IMCC |
| FY2023 | −218.7 pp | IMCC |
| FY2022 | −641.0 pp | IMCC |
| FY2021 | −15.1 pp | IMCC |
| FY2020 | −124.8 pp | IMCC |
| FY2019 | −266.2 pp | IMCC |
IMCC has kept the higher net margin in every one of these 7 fiscal years.
7 of 9 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CGC's net margin has been more volatile than IMCC's over the 7 comparable fiscal years — 290.9 percentage points of standard deviation against 113.9.
7 of 9 comparable fiscal years — a year missing data on either side is not counted.
Year by year
IMCC led in net margin in every one of the 7 comparable fiscal years — a structural lead, not a recent swing.
7 of 9 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
IMCC's return on equity has been more volatile than CGC's over the 6 comparable fiscal years — 60.5 percentage points of standard deviation against 54.2.
6 of 9 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between CGC and IMCC over these 6 fiscal years — CGC led in 4 and IMCC in 2.
6 of 9 comparable fiscal years — a year missing data on either side is not counted.