CGC vs SNDL
Canopy Growth Corp. and Sndl Inc., side by side — 7 fiscal years reported in CAD, drawn from SEC filings.
Most recent reported year
| Metric | CGC | SNDL |
|---|---|---|
| Revenue | CAD 284.6M | CAD 946.4M |
| Net income | CAD -262.9M | CAD -15.8M |
| Gross margin | 24.5% | 27.3% |
| Net margin | −92.4% | −1.7% |
| Return on equity | −44.7% | −1.4% |
| Diluted EPS | −CAD 0.88 | −CAD 0.06 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | CAD -69.1M | CAD 58.1M |
| Equity | CAD 697.6M | CAD 1.1B |
| Net debt / equity | −0.19× | · |
| Current ratio | 3.34× | 4.88× |
| Revenue CAGR 5y | −12.2% | 73.1% |
| Profit CAGR 5y | · | · |
SNDL bills 3.3× the revenue of CGC, 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 | SNDL |
|---|---|---|
| FY2025 | CAD 284.6M | CAD 946.4M |
| FY2024 | CAD 269.0M | CAD 920.4M |
| FY2023 | CAD 297.1M | CAD 909.0M |
| FY2022 | CAD 333.3M | CAD 712.2M |
| FY2021 | CAD 475.7M | CAD 56.1M |
| FY2020 | CAD 546.6M | CAD 60.9M |
| FY2019 | CAD 398.8M | CAD 63.6M |
Bottom line
| Fiscal year | CGC | SNDL |
|---|---|---|
| FY2025 | CAD -262.9M | CAD -15.8M |
| FY2024 | CAD -508.9M | CAD -94.8M |
| FY2023 | CAD -693.7M | CAD -172.7M |
| FY2022 | CAD -3.3B | CAD -335.1M |
| FY2021 | CAD -310.0M | CAD -227.0M |
| FY2020 | CAD -1.7B | CAD -233.2M |
| FY2019 | CAD -1.3B | CAD -271.5M |
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −CAD 661,798,000 | SNDL |
| FY2024 | −CAD 651,453,000 | SNDL |
| FY2023 | −CAD 611,860,000 | SNDL |
| FY2022 | −CAD 378,944,000 | SNDL |
| FY2021 | +CAD 419,571,000 | CGC |
| FY2020 | +CAD 485,731,000 | CGC |
| FY2019 | +CAD 335,210,000 | CGC |
The higher-revenue side has changed between CGC and SNDL over this period. The gap has widened 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 | −90.7 pp | SNDL |
| FY2024 | −178.7 pp | SNDL |
| FY2023 | −220.3 pp | SNDL |
| FY2022 | −940.8 pp | SNDL |
| FY2021 | +334.6 pp | CGC |
| FY2020 | +88.2 pp | CGC |
| FY2019 | +79.4 pp | CGC |
The higher net margin has changed hands between CGC and SNDL over this period.
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 SNDL's over the 7 comparable fiscal years — 290.9 percentage points of standard deviation against 192.5.
7 of 9 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between CGC and SNDL over these 7 fiscal years — CGC led in 3 and SNDL in 4.
7 of 9 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CGC's return on equity has been more volatile than SNDL's over the 7 comparable fiscal years — 54.0 percentage points of standard deviation against 37.1.
7 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 SNDL over these 7 fiscal years — CGC led in 3 and SNDL in 4.
7 of 9 comparable fiscal years — a year missing data on either side is not counted.