Canopy Growth (CGC) FCF Margin (2019 - 2025)
Canopy Growth's (CGC) quarterly FCF Margin came in at 21.06% in Q4 2025, up 1162.0% year-on-year from 1.67% in Q4 2024, and up 8.98% quarter-over-quarter from 23.14% in Q3 2025.
Canopy Growth (CGC) FCF Margin (2019 - 2025) Analysis & Trends
Canopy Growth has disclosed FCF Margin across 7 years of filings, most recently posting 21.06% for Q4 2025.
- FCF Margin for Q4 2025 came in at 21.06%, up 1162.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 26.46% (up 492.0% YoY), and the FY2025 annual result was 56.24%, up 1118.0% from the prior year.
- FCF Margin came in at 21.06% for Q4 2025 at Canopy Growth, up from 23.14% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 26.11% in Q1 2024 to a low of 848.11% in Q1 2023.
- The 5-year median for FCF Margin is 75.32% (2024), against an average of 106.78%.
- Across the five-year window, FCF Margin plunged 82702 bps in 2023 and surged 87422 bps in 2024, its largest moves.
- Canopy Growth's FCF Margin stood at 108.59% in 2021, then soared by 75 bps to 27.57% in 2022, then sank by 33 bps to 36.79% in 2023, then rose by 11 bps to 32.68% in 2024, then surged by 36 bps to 21.06% in 2025.
- The last three FCF Margin figures came in at 21.06% (Q4 2025), 23.14% (Q3 2025), and 16.14% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Teva Pharmaceutical Industries | 38.34 Bn | 34.60 Bn | 1.97 Bn | -5.22% |
| 2 | Zoetis | 33.27 Bn | 31.33 Bn | 1.62 Bn | 12.86% |
| 3 | United Therapeutics | 23.75 Bn | 21.60 Bn | 648.10 Mn | 46.39% |
| 4 | Aurora Cannabis | 17.11 Bn | 17.03 Bn | 33.43 Mn | - |
| 5 | Neurocrine Biosciences | 16.37 Bn | 15.05 Bn | 800.70 Mn | 16.78% |
| 6 | Elanco Animal Health | 11.78 Bn | 11.35 Bn | 785.00 Mn | -2.77% |
| 7 | Alkermes | 7.05 Bn | 6.54 Bn | -116.06 Mn | -429.96% |
| 8 | Lantheus Holdings | 6.49 Bn | 5.99 Bn | 230.92 Mn | 32.62% |
| 9 | Hims & Hers Health | 6.19 Bn | 5.44 Bn | 396.79 Mn | 13.24% |
| 10 | Canopy Growth | 11.38 Mn | -137.31 Mn | 15.39 Mn | -21.06% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -21.06% |
| Sep 30, 2025 | -23.14% |
| Jun 30, 2025 | -16.14% |
| Mar 31, 2025 | -46.47% |
| Dec 31, 2024 | -32.68% |
| Sep 30, 2024 | -89.60% |
| Jun 30, 2024 | -73.50% |
| Mar 31, 2024 | 26.11% |
| Dec 31, 2023 | -36.79% |
| Sep 30, 2023 | -96.67% |
| Jun 30, 2023 | -169.91% |
| Mar 31, 2023 | -848.11% |
| Dec 31, 2022 | -27.57% |
| Sep 30, 2022 | -134.83% |
| Jun 30, 2022 | -134.83% |
| Mar 31, 2022 | -21.10% |
| Dec 31, 2021 | -108.59% |
| Sep 30, 2021 | -77.14% |
| Jun 30, 2021 | -119.71% |
| Mar 31, 2021 | -83.78% |