Canopy Growth (CGC) Tax Rate (2019 - 2026)

Canopy Growth (CGC) posted Tax Rate of 0.81% for Q4 2025, up 81.89% sequentially from 4.49% in Q3 2025, and down 49.0% YoY from 1.6% in Q4 2024.

Canopy Growth (CGC) Tax Rate (2019 - 2026) Analysis & Trends

Canopy Growth has reported Tax Rate for 7 years, with the latest figure at 0.81% in Q4 2025.

Quarterly Tax Rate fell 49.0% year-over-year to 0.81% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 0.67% (up 49.0% YoY) and the FY2026 annual result came in at 0.02%, down 190.0% from the prior year.
Tax Rate climbed to 0.81% in Q4 2025 per CGC's latest filing, from 4.49% in the prior quarter.
Over five years, Tax Rate peaked at 137.08% in Q1 2023 and troughed at 23.6% in Q2 2023.
A 5-year average of 9.82% and a median of 0.18% in 2022 frame the typical range for Tax Rate.
The sharpest annual moves came in 2023 and 2024: Tax Rate jumped 13548 bps in 2023, then plunged 13614 bps in 2024.
Over 5 years, Tax Rate stood at 0.16% in 2021, then surged by 270 bps to 0.59% in 2022, then dropped by 16 bps to 0.49% in 2023, then tumbled by 166 bps to 0.32% in 2024, then slumped by 152 bps to 0.81% in 2025.
According to Business Quant data, Tax Rate over the past three periods registered 0.81%, 4.49%, and 0.65% for Q4 2025, Q3 2025, and Q2 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Tax Rate (Qtr)
1	Haleon	43.94 Bn	42.97 Bn	-	-
2	Teva Pharmaceutical Industries	42.95 Bn	39.30 Bn	2.15 Bn	-26.59%
3	Zoetis	31.58 Bn	29.90 Bn	1.05 Bn	-
4	Takeda Pharmaceutical	28.63 Bn	22.83 Bn	5.10 Bn	-30.40%
5	United Therapeutics	22.16 Bn	19.49 Bn	683.80 Mn	10.65%
6	Viatris	18.75 Bn	17.86 Bn	1.46 Bn	-85.63%
7	Neurocrine Biosciences	15.53 Bn	15.14 Bn	935.80 Mn	10.97%
8	Elanco Animal Health	11.76 Bn	11.23 Bn	798.00 Mn	3.57%
9	Dr Reddys Laboratories	10.11 Bn	9.95 Bn	-	-
10	Canopy Growth	441.27 Mn	194.25 Mn	16.08 Mn	0.88%

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