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| Date | Value |
|---|---|
| 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% |