CGC vs GTBIF vs CRON Stock Comparison

Canopy Growth, Green Thumb Industries and Cronos Prices as of Oct 28, 2026 Peers: Industry group
CGC Canopy Growth Corp
$0.67 -28.0% 1M -48.1% 1Y
Market cap
$284.44M
P/E
–
Revenue (TTM)
$271.79M
Div. yield
–
Cannabis Consumer Staples
1 win
CRON Cronos Group Inc.
$3.35 -1.8% 1M +34.5% 1Y
Market cap
$1.26B
P/E
18.0x
Revenue (TTM)
$236.78M
Div. yield
–
Cannabis Consumer Staples
7 wins

Head to Head

11 decided of 12

Cronos leads on 7 of the 12 questions below (Cronos 7, Green Thumb Industries 3, Canopy Growth 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCGCGTBIFCRONLeader
Larger companyMarket capitalisation $284.44M $1.42B $1.26B GTBIF
Cheaper on earningsLower P/E, profitable companies only -1.7x 11.2x 18.0x GTBIF
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 37.8x 20.9x CRON
Faster revenue growthRevenue growth, trailing twelve months +13.1% +4.8% +36.1% CRON
More profitableNet margin, trailing twelve months -62.1% 10.5% 29.6% CRON
Better return on capitalReturn on invested capital -17.7% 2.3% — GTBIF
Less leveragedLower net debt / EBITDA 0.8x 0.9x — CGC
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -48.1% -9.8% +34.5% CRON
Better 5-year returnAnnualised price return, 5 years -65.0%/yr -20.7%/yr -8.4%/yr CRON
Less volatileAnnualised volatility, 1 year 74.9% 79.8% 39.4% CRON
Higher overall scoreMean of the five percentile scores vs peers 41/100 85/100 88/100 CRON

Percentile Scorecard

CGCGTBIFCRON

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCGCGTBIFCRON
Valuation 30 #27 of 38 97 #2 of 38 70 #12 of 38
Growth 88 #5 of 35 91 #4 of 35 100 #1 of 35
Profitability 14 #31 of 36 91 #4 of 36 77 #9 of 36
Financial Health 74 #11 of 39 87 #6 of 39 100 #1 of 39
Shareholder Returns 0 #13 of 13 58 #6 of 13 92 #2 of 13
Overall 41 85 88
  • CGC ranked among 40 companies in Tobacco and Cannabis
  • GTBIF ranked among 40 companies in Tobacco and Cannabis
  • CRON ranked among 40 companies in Tobacco and Cannabis

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCGCGTBIFCRONSPY
1 month -28.0%-18.2%-1.8% +0.9%
3 months -24.7%-6.5%+17.1% +5.9%
6 months -38.5%-16.6%+29.8% +8.5%
Year to date -41.2%-20.0%+27.4% +13.3%
1 year -48.1%-9.8%+34.5% +12.4%
3 years -86.8%-19.2%+94.8% +88.1%
3 years, per year -49.1%-6.9%+24.9% +23.5%
5 years -99.5%-68.6%-35.5% +68.2%
5 years, per year -65.0%-20.7%-8.4% +11.0%
10 years -98.6%—— +263.4%
10 years, per year -34.6%—— +13.8%

Risk

MeasureCGCGTBIFCRONSPY
Volatility, 1Y 74.9%79.8%39.4% 12.7%
Downside volatility, 1Y 63.3%68.0%35.9% 12.7%
Beta vs S&P 500, 1Y 1.230.910.60 1.00
Return / volatility, 1Y -0.64-0.120.88 0.98
Max drawdown, 5Y -99.6%-82.3%-75.9% -25.4%
From 52-week high -65.1%-33.6%-5.6% -0.9%
52-week high $1.92$9.69$3.55 $779.14
52-week low $0.67$5.29$2.30 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCGCGTBIFCRON
P/E now vs peer median -1.7xmedian 16.6x 11.2xmedian 16.6x 17.9xmedian 16.6x
P/S now vs peer median 1.0xmedian 0.9x 1.0xmedian 0.9x 5.2xmedian 0.9x
EV/EBITDA now vs peer median -2.3xmedian 12.9x 4.8xmedian 12.9x 37.5xmedian 12.9x
P/FCF now vs peer median -4.7xmedian 23.3x 6.3xmedian 23.3x 24.9xmedian 23.3x
P/B now vs peer median 0.6xmedian 1.0x 0.7xmedian 1.0x 1.1xmedian 1.0x
PEG now vs peer median -0.02median 0.57 0.10median 0.57 0.50median 0.57

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCGCGTBIFCRON
Revenue $271.79M $1.21B $236.78M
Gross profit $53.41M $566.88M $82.13M
Operating income -$117.01M $116.49M -$2.43M
Net income -$168.82M $126.77M $77.88M
Free cash flow -$60.26M $197.77M $49.82M
R&D – – $5.36M
EPS (diluted) $-0.40 $0.57 $0.19
Cash & equivalents $236.91M $283.59M $467.02M
Total debt $169.05M $566.02M –
Shares (diluted) 422.26M 222.78M 375.06M
Enterprise value -$714.54M $272.89M -$2.02B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCGCGTBIFCRON
P/E -1.7x 11.2x 17.9x
P/FCF -4.7x 6.3x 24.9x
P/Operating cash flow -5.0x 4.7x 20.7x
P/S 1.0x 1.0x 5.2x
P/B 0.6x 0.7x 1.1x
P/Tangible book 0.7x 0.9x 1.1x
EV/EBITDA -2.3x 4.8x 37.5x
EV/EBIT -1.8x 13.2x -183.2x
EV/Revenue 0.8x 1.3x 1.9x
EV/FCF -3.5x 7.8x 8.9x
EV/Operating cash flow -3.7x 5.7x 7.4x
PEG (3Y EPS CAGR) -0.02 0.10 0.50

Growth

14 metrics
MetricCGCGTBIFCRON
Revenue growth (1Y) 13.1% 4.8% 36.1%
Revenue CAGR (3Y) -0.1% 5.8% 30.1%
Gross profit growth (1Y) -0.4% -4.8% 92.5%
Gross profit CAGR (3Y) 52.9% 3.9% 98.9%
Operating income growth (1Y) -46.6% -35.9% 95.5%
Operating income CAGR (3Y) 43.3% 9.2% 70.6%
Net income growth (1Y) 47.1% 337.8% 264.6%
Net income CAGR (3Y) 43.6% 105.8% 36.5%
EPS growth (1Y) 76.4% 363.5% 288.8%
EPS CAGR (3Y) 71.2% 109.5% 35.6%
Operating cash flow growth (1Y) 36.4% 21.4% 199.9%
Operating cash flow CAGR (3Y) 48.8% 8.3% 37.8%
Free cash flow growth (1Y) 36.7% 55.0% 651.8%
Free cash flow CAGR (3Y) 48.0% 112.4% 35.7%

Profitability

14 metrics
MetricCGCGTBIFCRON
Gross margin 19.7% 46.9% 34.7%
EBITDA margin -33.2% 26.6% 5.0%
Operating margin -43.1% 9.6% -1.0%
Pretax margin -62.2% 23.2% 28.9%
Net margin -62.1% 10.5% 29.6%
FCF margin -22.2% 16.4% 21.0%
Operating cash flow margin -20.9% 22.2% 25.4%
Return on equity -34.3% 6.7% 7.1%
Return on assets -21.4% 4.4% 6.7%
Return on invested capital -17.7% 2.3% –
Return on capital employed -17.4% 4.5% -0.2%
Asset turnover 0.3x 0.4x 0.2x
Cash conversion (OCF / net income) 0.3x 2.1x 0.8x
Stock comp / revenue 1.5% 3.6% 2.7%

Financial Health

11 metrics
MetricCGCGTBIFCRON
Debt / assets 21.8% 20.1% –
Debt / equity 0.3x 0.3x –
Net debt / EBITDA 0.8x 0.9x –
Debt / FCF -2.8x 2.9x –
Liabilities / assets 37.6% 33.9% 5.3%
Equity / assets 62.4% 66.1% 94.7%
Interest coverage -3.9x 5.5x –
Current ratio 3.0x 2.9x 16.2x
Quick ratio 2.3x 1.5x 14.8x
Cash ratio 2.0x 1.3x 14.1x
Altman Z-score -13.34 1.62 13.59

Shareholder Returns

7 metrics
MetricCGCGTBIFCRON
Dividend yield – – –
Net buyback yield -85.8% 0.0% 3.1%
Shareholder yield -85.8% 0.0% 3.1%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCGCGTBIFCRON
Forward P/E – 37.8xFY2026 20.9xFY2026
EPS, next fiscal year $-0.10FY2026 $0.17FY2026 $0.16FY2026
EPS growth, next FY – -64.6%FY2026 –
EPS growth, the year after – +47.1% +18.8%
Revenue, next fiscal year $252.42MFY2026 $1.17BFY2026 $206.33MFY2026
Revenue growth, next FY +23.4%FY2026 -1.1%FY2026 +40.7%FY2026
Revenue growth, the year after -0.6% +19.3% +26.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCGCGTBIFCRON
Held by institutions 7.0% 0.2% 12.8%
Institutions holding 215 5 195
Change in shares held, QoQ +0.3% +15.4% -2.5%
Institutions buying 74 4 71
Institutions selling 32 1 41
Buyers to sellers 2.31 4.00 1.73

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CGCGTBIFCRON
CGC 1.00 0.66 0.57
GTBIF 0.66 1.00 0.57
CRON 0.57 0.57 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CGC, GTBIF and CRON?

Green Thumb Industries (GTBIF) is the largest by market capitalisation: Canopy Growth (CGC) $284.44M, Green Thumb Industries (GTBIF) $1.42B, Cronos (CRON) $1.26B.

Which stock is cheaper, CGC, GTBIF and CRON?

Green Thumb Industries (GTBIF) trades on the lowest price-to-earnings ratio (Canopy Growth (CGC) -1.7x, Green Thumb Industries (GTBIF) 11.2x, Cronos (CRON) 18.0x). On next year's consensus earnings, Cronos (CRON) is cheapest (Green Thumb Industries (GTBIF) 37.8x, Cronos (CRON) 20.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Cronos (CRON) grew revenue fastest over the trailing twelve months: Canopy Growth (CGC) +13.1%, Green Thumb Industries (GTBIF) +4.8%, Cronos (CRON) +36.1%.

Which company is more profitable?

Cronos (CRON) has the highest net margin (Canopy Growth (CGC) -62.1%, Green Thumb Industries (GTBIF) 10.5%, Cronos (CRON) 29.6%). On return on invested capital, Green Thumb Industries (GTBIF) leads (Canopy Growth (CGC) -17.7%, Green Thumb Industries (GTBIF) 2.3%).

Which stock has performed better?

Over the past year Cronos (CRON) returned the most: Canopy Growth (CGC) -48.1%, Green Thumb Industries (GTBIF) -9.8%, Cronos (CRON) +34.5%. Over five years, Cronos (CRON) compounded fastest (Canopy Growth (CGC) -65.0%/yr, Green Thumb Industries (GTBIF) -20.7%/yr, Cronos (CRON) -8.4%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Cronos (CRON) has been the steadiest (Canopy Growth (CGC) 74.9%, Green Thumb Industries (GTBIF) 79.8%, Cronos (CRON) 39.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CGC, GTBIF and CRON?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Cronos (CRON) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.