Canopy Growth (CGC) Tax Rate (2019 - 2025)

Canopy Growth's (CGC) quarterly Tax Rate came in at 0.59% in Q4 2025, down 33.0% year-on-year from 0.88% in Q4 2024, and up 96.06% quarter-over-quarter from 15.02% in Q3 2025.

Canopy Growth (CGC) Tax Rate (2019 - 2025) Analysis & Trends

Canopy Growth has disclosed Tax Rate across 7 years of filings, most recently posting 0.59% for Q4 2025.

  • Tax Rate for Q4 2025 came in at 0.59%, down 33.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 0.86% (down 334.0% YoY), and the FY2025 annual result was 0.09%, up 18.0% from the prior year.
  • Tax Rate came in at 0.59% for Q4 2025 at Canopy Growth, up from 15.02% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 16.41% in Q3 2021 to a low of 23.6% in Q2 2023.
  • The 5-year median for Tax Rate is 0.43% (2024), against an average of 2.71%.
  • Across the five-year window, Tax Rate slumped 3915 bps in 2021 and soared 1856 bps in 2024, its largest moves.
  • Canopy Growth's Tax Rate stood at 0.16% in 2021, then soared by 270 bps to 0.59% in 2022, then decreased by 20 bps to 0.47% in 2023, then sank by 156 bps to 0.26% in 2024, then tumbled by 127 bps to 0.59% in 2025.
  • The last three Tax Rate figures came in at 0.59% (Q4 2025), 15.02% (Q3 2025), and 0.71% (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Teva Pharmaceutical Industries 38.34 Bn 34.60 Bn 1.97 Bn 15.33%
2 Zoetis 33.27 Bn 31.33 Bn 1.62 Bn 20.71%
3 United Therapeutics 23.75 Bn 21.60 Bn 648.10 Mn 13.63%
4 Aurora Cannabis 17.11 Bn 17.03 Bn 33.43 Mn -20.44%
5 Neurocrine Biosciences 16.37 Bn 15.05 Bn 800.70 Mn 19.81%
6 Elanco Animal Health 11.78 Bn 11.35 Bn 785.00 Mn 34.48%
7 Alkermes 7.05 Bn 6.54 Bn -116.06 Mn -7.43%
8 Lantheus Holdings 6.49 Bn 5.99 Bn 230.92 Mn 24.29%
9 Hims & Hers Health 6.19 Bn 5.44 Bn 396.79 Mn 9.29%
10 Canopy Growth 11.38 Mn -137.31 Mn 15.39 Mn -0.59%

Historic Data

Download Data
DateValue
Dec 31, 2025 -0.59%
Dec 31, 2025 -0.59%
Sep 30, 2025 -15.02%
Sep 30, 2025 -15.02%
Jun 30, 2025 -0.71%
Jun 30, 2025 -0.71%
Mar 31, 2025 -0.85%
Mar 31, 2025 -0.85%
Dec 31, 2024 -0.26%
Dec 31, 2024 -0.26%
Sep 30, 2024 -0.23%
Sep 30, 2024 -0.23%
Jun 30, 2024 -5.04%
Jun 30, 2024 -5.04%
Mar 31, 2024 -14.29%
Mar 31, 2024 -14.29%
Dec 31, 2023 0.47%
Dec 31, 2023 0.47%
Sep 30, 2023 -9.47%
Sep 30, 2023 -9.47%