Canopy Growth Corporation (CGC) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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CGC Revenue Growth
Revenue Breakdown (FY 2024)
CGC's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
CGC Revenue Analysis (2013–2024)
As of May 8, 2026, Canopy Growth Corporation (CGC) generated trailing twelve-month (TTM) revenue of $294.2 million, reflecting exceptional growth of +20.9% year-over-year. The most recent quarter (Q3 2025) recorded $90.4 million in revenue, up 35.6% sequentially.
Looking at the longer-term picture, CGC's 5-year compound annual growth rate (CAGR) stands at -7.6%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $546.6 million in 2020.
Revenue diversification analysis shows CGC's business is primarily driven by Canadian Cannabis Net Revenue (58%), Storz And Bickel (27%), and International And Other Revenue (15%). With over half of revenue concentrated in Canadian Cannabis Net Revenue, the company maintains significant focus in this area while developing other growth vectors.
When compared to Healthcare sector peers including ACB (+12.8% YoY), TLRY (+3.0% YoY), and CRON (+64.4% YoY), CGC has underperformed the peer group in terms of revenue growth. Compare CGC vs ACB →
CGC Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CGCCurrent | $294M | +20.9% | -7.6% | -43.5% | |
 ACB | $343M | +12.8% | +5.0% | 1.4% | |
 TLRY | $1.1B | +3.0% | +22.7% | -277.9% | |
 CRON | $193M | +64.4% | +32.9% | -1.5% | |
 OGI | $186M | +68.5% | +16.5% | -34.1% | |
 STZ | $10.2B | -7.9% | +4.1% | 35.5% |
CGC Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $269.0M | -9.5% | $79.5M | 29.6% | $-117,143,000 | -43.5% |
| 2023 | $297.1M | -10.8% | $80.9M | 27.2% | $-228,714,000 | -77.0% |
| 2022 | $333.3M | -29.9% | $-63,529,000 | -19.1% | $-2,630,514,000 | -789.3% |
| 2021 | $475.7M | -13.0% | $-187,414,000 | -39.4% | $-1,018,799,000 | -214.2% |
| 2020 | $546.6M | +37.1% | $67.0M | 12.2% | $-1,243,456,000 | -227.5% |
| 2019 | $398.8M | +76.2% | $-31,684,000 | -7.9% | $-1,668,963,000 | -418.5% |
| 2018 | $226.3M | +190.4% | $88.9M | 39.3% | $-553,645,000 | -244.6% |
| 2017 | $77.9M | +95.4% | $74.2M | 95.2% | $-78,875,000 | -101.2% |
| 2016 | $39.9M | +214.2% | $37.6M | 94.3% | $-15,215,000 | -38.1% |
| 2015 | $12.7M | +1008.4% | $19.0M | 149.5% | $-2,749,000 | -21.6% |
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Start ComparisonCGC — Frequently Asked Questions
Quick answers to the most common questions about buying CGC stock.
Is CGC's revenue growth accelerating or slowing?
CGC revenue is accelerating at +20.9% year-over-year, exceeding the 5-year CAGR of -7.6%. TTM revenue reached $294M. Growth momentum has increased versus prior periods.
What is CGC's long-term revenue growth rate?
Canopy Growth Corporation's 5-year revenue CAGR of -7.6% reflects the sustained expansion pattern. Current YoY growth of +20.9% is above this long-term average.
How is CGC's revenue distributed by segment?
CGC reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.