IMCC vs SNDL
IM Cannabis Corp. and Sndl Inc., side by side — 7 fiscal years reported in CAD, drawn from SEC filings.
Most recent reported year
| Metric | IMCC | SNDL |
|---|---|---|
| Revenue | CAD 54.7M | CAD 946.4M |
| Net income | CAD -11.3M | CAD -15.8M |
| Gross margin | 17.7% | 27.3% |
| Net margin | −21.5% | −1.7% |
| Return on equity | · | −1.4% |
| Diluted EPS | −CAD 2.67 | −CAD 0.06 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | CAD 4.7M | CAD 58.1M |
| Equity | CAD -3.7M | CAD 1.1B |
| Net debt / equity | · | · |
| Current ratio | 0.67× | 4.88× |
| Revenue CAGR 5y | 28.1% | 73.1% |
| Profit CAGR 5y | · | · |
SNDL bills 17.3× 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 | IMCC | SNDL |
|---|---|---|
| FY2025 | CAD 54.7M | CAD 946.4M |
| FY2024 | CAD 54.0M | CAD 920.4M |
| FY2023 | CAD 48.8M | CAD 909.0M |
| FY2022 | CAD 54.3M | CAD 712.2M |
| FY2021 | CAD 34.1M | CAD 56.1M |
| FY2020 | CAD 15.9M | CAD 60.9M |
| FY2019 | CAD 9.1M | CAD 63.6M |
Bottom line
| Fiscal year | IMCC | SNDL |
|---|---|---|
| FY2025 | CAD -11.3M | CAD -15.8M |
| FY2024 | CAD -10.6M | CAD -94.8M |
| FY2023 | CAD -9.5M | CAD -172.7M |
| FY2022 | CAD -188.9M | CAD -335.1M |
| FY2021 | CAD -17.8M | CAD -227.0M |
| FY2020 | CAD -28.7M | CAD -233.2M |
| FY2019 | CAD -7.3M | CAD -271.5M |
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −CAD 891,670,000 | SNDL |
| FY2024 | −CAD 866,417,000 | SNDL |
| FY2023 | −CAD 860,202,000 | SNDL |
| FY2022 | −CAD 657,862,000 | SNDL |
| FY2021 | −CAD 22,075,000 | SNDL |
| FY2020 | −CAD 45,028,000 | SNDL |
| FY2019 | −CAD 54,488,000 | SNDL |
SNDL has reported the higher revenue in every one of these 7 fiscal years. The gap has widened since the earliest year compared.
7 of 7 comparable fiscal years — a year missing data on either side is not counted.
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −19.8 pp | SNDL |
| FY2024 | −11.3 pp | SNDL |
| FY2023 | −1.5 pp | SNDL |
| FY2022 | −299.8 pp | SNDL |
| FY2021 | +349.7 pp | IMCC |
| FY2020 | +213.0 pp | IMCC |
| FY2019 | +345.6 pp | IMCC |
The higher net margin has changed hands between IMCC and SNDL over this period.
7 of 7 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
SNDL's net margin has been more volatile than IMCC's over the 7 comparable fiscal years — 192.5 percentage points of standard deviation against 113.9.
7 of 7 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between IMCC and SNDL over these 7 fiscal years — IMCC led in 3 and SNDL in 4.
7 of 7 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 SNDL's over the 5 comparable fiscal years — 59.6 percentage points of standard deviation against 31.6.
5 of 8 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 IMCC and SNDL over these 5 fiscal years — IMCC led in 1 and SNDL in 4.
5 of 8 comparable fiscal years — a year missing data on either side is not counted.