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| Date | Value |
|---|---|
| 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 |