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Cronos Group vs Canopy Growth: CRON and CGC compared
Cronos Group is the larger company: $83.9M of revenue in its latest quarter (Q3 2026) against $99.5M for Canopy Growth (Q2 FY27). Cronos Group is growing faster (+72% against +20% a year earlier). Cronos Group is more profitable, with an operating margin of 10.8% against -23.1%.
Where the money goes: CRON and CGC
Cronos Group (CRON) · Q3 2026
Cronos Group, Q3 2026: revenue $83.9M (+72% year over year), operating margin 10.8%, net earnings $13.8M, operating cash flow $34.3M. The chart follows the revenue to costs, profit and cash.
Canopy Growth (CGC) · Q2 FY27
Canopy Growth, Q2 FY27: revenue $99.5M (+20% year over year), operating margin -23.1%, net loss $40.7M, operating cash flow −$12.6M. The chart follows the revenue to costs, profit and cash.
| Cronos Group (CRON) | Canopy Growth (CGC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 FY27 |
| Revenue | $83.9M | $99.5M |
| Revenue growth, Y/Y | +72% | +20% |
| Gross margin | 38.5% | — |
| Operating margin | 10.8% | -23.1% |
| Net earnings | $13.8M | −$40.7M |
| Net margin | 16.5% | -40.9% |
| Operating cash flow | $34.3M | −$12.6M |
| Free cash flow | $24.4M | — |
Where the revenue comes from
Cronos Group
- Cannabis flower: $48.0M (57%)
- Other revenues: $20.5M (24%)
- Cannabis extracts: $15.5M (18%)
Canopy Growth
- Cannabis Net Revenue: $66.2M (67%)
- Other revenues: $18.1M (18%)
- Storz and Bickel: $15.1M (15%)
Questions
Which is bigger, Cronos Group or Canopy Growth?
Cronos Group is the larger company: $83.9M of revenue in its latest quarter (Q3 2026) against $99.5M for Canopy Growth (Q2 FY27).
Is Cronos Group or Canopy Growth growing faster?
Cronos Group is growing faster (+72% against +20% a year earlier).
Which is more profitable, Cronos Group or Canopy Growth?
Cronos Group is more profitable, with an operating margin of 10.8% against -23.1%.
More: Cronos Group earnings · how Cronos Group makes money · Canopy Growth earnings · how Canopy Growth makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.