Canopy Growth (CGC) Equity Ratio (2017 - 2025)

Canopy Growth's (CGC) quarterly Equity Ratio came in at 0.69 in Q4 2025, down 25.05% year-on-year from 0.91 in Q4 2024, and little changed quarter-over-quarter from 0.69 in Q3 2025.

Canopy Growth (CGC) Equity Ratio (2017 - 2025) Analysis & Trends

Canopy Growth has disclosed Equity Ratio across 9 years of filings, most recently posting 0.69 for Q4 2025.

  • Equity Ratio for Q4 2025 came in at 0.69, down 25.05% year-over-year; the trailing twelve-month figure through Dec 2025 was 0.69 (down 25.05% YoY), and the FY2025 annual result was 0.53, up 37.93% from the prior year.
  • Equity Ratio came in at 0.69 for Q4 2025 at Canopy Growth, roughly flat from 0.69 in the prior quarter.
  • In the past five years, Equity Ratio ranged from a high of 0.91 in Q4 2024 to a low of 0.31 in Q1 2023.
  • The 5-year median for Equity Ratio is 0.49 (2021), against an average of 0.53.
  • Across the five-year window, Equity Ratio slumped 51.33% in 2023 and soared 128.28% in 2024, its largest moves.
  • Canopy Growth's Equity Ratio stood at 0.66 in 2021, then dropped by 29.59% to 0.46 in 2022, then decreased by 13.27% to 0.4 in 2023, then jumped by 128.28% to 0.91 in 2024, then slipped by 25.05% to 0.69 in 2025.
  • The last three Equity Ratio figures came in at 0.69 (Q4 2025), 0.69 (Q3 2025), and 0.54 (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 Teva Pharmaceutical Industries 39.72 Bn 35.98 Bn 1.97 Bn 0.21
2 Zoetis 34.61 Bn 32.67 Bn 1.62 Bn 0.21
3 United Therapeutics 24.07 Bn 21.91 Bn 648.10 Mn 0.88
4 Aurora Cannabis 16.98 Bn 16.91 Bn 33.43 Mn 0.73
5 Neurocrine Biosciences 16.64 Bn 15.32 Bn 800.70 Mn 0.69
6 Elanco Animal Health 12.19 Bn 11.76 Bn 785.00 Mn 0.49
7 Alkermes 7.37 Bn 6.86 Bn -116.06 Mn 0.41
8 Hims & Hers Health 6.62 Bn 5.87 Bn 396.79 Mn 0.20
9 Lantheus Holdings 6.47 Bn 5.97 Bn 230.92 Mn 0.52
10 Canopy Growth 11.38 Mn -137.31 Mn 15.39 Mn 0.69

Historic Data

Download Data
DateValue
Dec 31, 2025 0.69
Sep 30, 2025 0.69
Jun 30, 2025 0.54
Mar 31, 2025 0.53
Dec 31, 2024 0.91
Sep 30, 2024 0.41
Jun 30, 2024 0.41
Mar 31, 2024 0.38
Dec 31, 2023 0.40
Sep 30, 2023 0.45
Jun 30, 2023 0.39
Mar 31, 2023 0.31
Dec 31, 2022 0.46
Sep 30, 2022 0.47
Jun 30, 2022 0.47
Mar 31, 2022 0.64
Dec 31, 2021 0.66
Sep 30, 2021 0.65
Jun 30, 2021 0.59
Mar 31, 2021 0.51