Canopy Growth (CGC) Net Margin (2019 - 2026)
Canopy Growth's Net Margin was -14.53% in fiscal Q1 2027 (quarter ended Jun 30, 2026), up 36.02 percentage points from -50.55% a year earlier and up 101.40 percentage points from the prior quarter.
Canopy Growth (CGC) Net Margin (2019 - 2026) Analysis & Trends
On a trailing twelve-month basis, Canopy Growth's Net Margin was -62.11% through Jun 30, 2026, up 70.59 percentage points year-over-year; for FY2026 (ended Mar 31, 2026), it came in at -75.80%, up 86.28 percentage points from FY2025.
- Net Margin has now increased for three consecutive fiscal years, with a five-year change of +211.57 percentage points (FY2021 to FY2026).
- In earlier fiscal years, Net Margin was -162.08% in FY2025 (+39.61 pp), -201.69% in FY2024 (+658.15 pp), -859.84% in FY2023 (-802.17 pp) and -57.67% in FY2022 (+229.70 pp).
- Quarterly Net Margin has moved between -1758.23% (fiscal Q1 2023) and -7.47% (fiscal Q2 2026) over five years.
- Compared with a year earlier, Net Margin has increased for five straight quarters, with an average year-over-year change of +95.37 percentage points over the last eight quarters.
- The best year-over-year quarter for Net Margin over five years was fiscal Q1 2024 (a gain of 1715.23 percentage points); the worst was fiscal Q1 2023 (a drop of 2010.72 percentage points).
- Per Business Quant data, CGC's Net Margin in the three fiscal quarters before Q1 2027 was -115.93% (Q4 2026), -78.27% (Q3 2026) and -7.47% (Q2 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.31 Bn | 283.88 Bn | 7.66 Bn | 25.17% |
| 2 | British American Tobacco p.l.c | 126.84 Bn | 105.99 Bn | - | - |
| 3 | Altria | 114.73 Bn | 100.93 Bn | 3.82 Bn | 37.60% |
| 4 | Curaleaf Holdings | 2.84 Bn | 2.44 Bn | 169.91 Mn | 3.68% |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | 21.89% |
| 6 | Trulieve Cannabis | 2.39 Bn | 1.00 Bn | 162.29 Mn | -149.83% |
| 7 | Green Thumb Industries | 1.49 Bn | 344.56 Mn | 137.87 Mn | 1.59% |
| 8 | Cronos | 1.25 Bn | -1.97 Bn | 28.45 Mn | 45.45% |
| 9 | Turning Point Brands | 1.21 Bn | 336.94 Mn | 93.70 Mn | 2.52% |
| 10 | Canopy Growth | 393.41 Mn | -613.77 Mn | 16.08 Mn | -14.53% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -14.53% |
| Mar 31, 2026 | -115.93% |
| Dec 31, 2025 | -78.27% |
| Sep 30, 2025 | -7.47% |
| Jun 30, 2025 | -50.55% |
| Mar 31, 2025 | -178.13% |
| Dec 31, 2024 | -131.20% |
| Sep 30, 2024 | -172.98% |
| Jun 30, 2024 | -159.90% |
| Mar 31, 2024 | -124.18% |
| Dec 31, 2023 | -261.98% |
| Sep 30, 2023 | -433.08% |
| Jun 30, 2023 | -43.00% |
| Mar 31, 2023 | -811.74% |
| Dec 31, 2022 | -267.53% |
| Sep 30, 2022 | -290.90% |
| Jun 30, 2022 | -1,758.23% |
| Mar 31, 2022 | -714.72% |
| Dec 31, 2021 | -70.26% |
| Sep 30, 2021 | -7.59% |
Canopy Growth Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=CGC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "CGC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=CGC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();