Canopy Growth (CGC) Gross Margin (2019 - 2025)

Canopy Growth has disclosed Gross Margin across 7 years of filings, most recently posting 23.75% for Q4 2025.

• Gross Margin for Q4 2025 came in at 23.75%, down 419.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 22.32% (down 211.0% YoY), and the FY2025 annual result was 25.32%, up 181.0% from the prior year.
• Gross Margin came in at 23.75% for Q4 2025 at Canopy Growth, down from 26.39% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 34.67% in Q3 2024 to a low of 208.46% in Q1 2023.
• The 5-year median for Gross Margin is 14.52% (2023), against an average of 4.07%.
• Across the five-year window, Gross Margin tumbled 12564 bps in 2022 and surged 22139 bps in 2024, its largest moves.
• Canopy Growth's Gross Margin stood at 6.51% in 2021, then declined by 17 bps to 5.39% in 2022, then jumped by 481 bps to 31.34% in 2023, then slipped by 11 bps to 27.94% in 2024, then slipped by 15 bps to 23.75% in 2025.
• The last three Gross Margin figures came in at 23.75% (Q4 2025), 26.39% (Q3 2025), and 25.01% (Q2 2025), per Business Quant data.