KPIs & Operating Metrics(New)
Growth Metrics

Canopy Growth (CGC) Gross Margin (2017 - 2025)

Canopy Growth's Gross Margin history spans 9 years, with the latest figure at 23.75% for Q4 2025.

  • On a quarterly basis, Gross Margin fell 419.0% to 23.75% in Q4 2025 year-over-year; TTM through Dec 2025 was 22.32%, a 211.0% decrease, with the full-year FY2025 number at 25.32%, up 181.0% from a year prior.
  • Gross Margin hit 23.75% in Q4 2025 for Canopy Growth, down from 26.39% in the prior quarter.
  • Over the last five years, Gross Margin for CGC hit a ceiling of 34.67% in Q3 2024 and a floor of 208.46% in Q1 2023.
  • Historically, Gross Margin has averaged 4.07% across 5 years, with a median of 14.52% in 2023.
  • Biggest five-year swings in Gross Margin: crashed -12564bps in 2022 and later skyrocketed 22139bps in 2024.
  • Tracing CGC's Gross Margin over 5 years: stood at 6.51% in 2021, then fell by -17bps to 5.39% in 2022, then surged by 481bps to 31.34% in 2023, then dropped by -11bps to 27.94% in 2024, then dropped by -15bps to 23.75% in 2025.
  • Business Quant data shows Gross Margin for CGC at 23.75% in Q4 2025, 26.39% in Q3 2025, and 25.01% in Q2 2025.