Canopy Growth Corporation (CGC) Key Metrics
CGC key metrics, FY2017–FY2026
Fiscal year ended March 31, 2026 · Canadian dollarsCGC returns How much profit the business earns on the capital it uses.
CGC financial health Debt, liquidity and how easily interest is covered.
CGC efficiency & capital use Working capital cycle and where the cash goes.
CGC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CGC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CGC key metrics in Canadian dollars
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −44.4% | −121.1% | −104.4% | −151.0% | −8.8% | −50.5% | −25.9% | −18.5% | −7.5% | −2.0% |
| Return on invested capital (ROIC) | −8.8% | −11.1% | −15.3% | −79.2% | −23.9% | −36.7% | −46.7% | −24.1% | −12.2% | −3.4% |
| Return on assets (ROA) | −25.8% | −53.9% | −35.1% | −81.5% | −5.0% | −30.0% | −19.5% | −14.5% | −6.4% | −1.8% |
| Return on tangible assets | −28.8% | −76.2% | −57.0% | −149.5% | −8.9% | −37.7% | −42.5% | −11.0% | −6.6% | −2.7% |
| Free cash flow margin | −24.5% | −65.8% | −96.2% | −170.4% | −124.9% | −117.1% | −374.8% | −554.0% | −333.0% | −141.9% |
| Financial health | ||||||||||
| Total debt | C$278.7M | C$348.4M | C$668.0M | C$1.41B | C$1.64B | C$1.72B | C$439.7M | C$946.0M | C$8.4M | C$10.3M |
| Cash & short-term investments | C$370.7M | C$131.5M | C$203.5M | C$773.2M | C$1.37B | C$2.32B | C$1.40B | C$4.54B | C$322.6M | C$101.8M |
| Net debt | −C$92.0M | C$216.9M | C$464.5M | C$640.5M | C$268.5M | −C$598.3M | −C$964.1M | −C$3.60B | −C$314.1M | −C$91.5M |
| Debt / equity | 0.40 | 0.72 | 1.34 | 1.86 | 0.46 | 0.49 | 0.13 | 0.14 | 0.01 | 0.02 |
| Debt / assets | 0.25 | 0.38 | 0.51 | 0.58 | 0.29 | 0.25 | 0.09 | 0.11 | 0.01 | 0.02 |
| Current ratio | 3.34 | 3.12 | 1.58 | 1.34 | 8.10 | 9.98 | 6.10 | 11.95 | 5.24 | 10.12 |
| Quick ratio | 2.37 | 2.10 | 1.25 | 1.24 | 7.14 | 8.68 | 5.17 | 11.49 | 3.95 | 6.68 |
| Interest coverage | -1.9 | -1.6 | -2.2 | -20.9 | -9.8 | -147.0 | -248.5 | -33.4 | -137.5 | -213.4 |
| Working capital | C$371.0M | C$200.2M | C$136.5M | C$273.4M | C$1.51B | C$2.55B | C$1.51B | C$4.51B | C$389.7M | C$161.1M |
| Invested capital | C$605.6M | C$704.1M | C$964.9M | C$1.40B | C$3.85B | C$2.88B | C$2.47B | C$3.18B | C$844.6M | C$548.3M |
| Tangible asset value | C$491.1M | C$354.0M | C$353.2M | C$513.7M | C$1.50B | C$1.42B | C$1.93B | C$5.18B | C$826.8M | C$211.1M |
| Net current asset value | C$108.3M | −C$135.9M | −C$428.6M | −C$602.4M | −C$257.2M | −C$363.5M | C$621.4M | C$3.43B | C$288.2M | C$115.9M |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | — | — | C$0 | C$0 | C$0 |
| Share buybacks (net) | — | — | — | — | — | — | C$0 | C$0 | C$0 | C$0 |
| Capex / revenue | 2.1% | 4.2% | 1.3% | 3.1% | 10.1% | 31.9% | 181.0% | 317.6% | 228.5% | 74.0% |
| Capex / depreciation | 0.16 | 0.26 | 0.08 | 0.13 | 0.43 | 1.37 | 5.77 | 15.32 | 8.69 | 4.87 |
| Stock-based compensation / revenue | 1.5% | −1.6% | 4.8% | 7.6% | 9.8% | 16.7% | 80.3% | 122.9% | 65.7% | 25.2% |
| R&D / revenue | — | 0.7% | 1.6% | 6.5% | 6.8% | 10.5% | 15.5% | 6.7% | 1.9% | 2.0% |
| SG&A / revenue | 43.2% | 45.2% | 60.8% | 89.4% | 75.9% | 95.8% | 217.6% | 267.7% | 168.2% | 96.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 57.1 | 71.0 | 73.9 | 84.9 | 59.0 | 43.5 | 77.9 | 103.5 | 63.8 | 33.4 |
| Days of inventory on hand | 212.7 | 167.3 | 135.5 | 132.4 | 158.0 | 245.1 | 197.1 | 409.2 | 8,683.0 | 6,682.2 |
| Days payables outstanding | 51.7 | 52.8 | 51.1 | 44.2 | 36.2 | 58.6 | 116.9 | 312.2 | 2,518.7 | 928.9 |
| Cash conversion cycle (days) | 218.1 | 185.5 | 158.3 | 173.1 | 180.7 | 230.1 | 158.2 | 200.4 | 6,228.1 | 5,786.7 |
| Receivables turnover | 6.39 | 5.14 | 4.94 | 4.30 | 6.19 | 8.38 | 4.68 | 3.53 | 5.72 | 10.93 |
| Payables turnover | 7.06 | 6.92 | 7.15 | 8.26 | 10.08 | 6.23 | 3.12 | 1.17 | 0.14 | 0.39 |
| Inventory turnover | 1.72 | 2.18 | 2.69 | 2.76 | 2.31 | 1.49 | 1.85 | 0.89 | 0.04 | 0.05 |
| Asset turnover | 0.28 | 0.24 | 0.16 | 0.08 | 0.08 | 0.09 | 0.06 | 0.04 | 0.07 | 0.10 |
| Average receivables | C$44.5M | C$52.3M | C$60.2M | C$77.5M | C$76.8M | C$65.2M | C$85.2M | C$64.2M | C$13.6M | C$3.7M |
| Average payables | C$30.5M | C$27.4M | C$30.3M | C$48.1M | C$65.8M | C$77.0M | C$137.8M | C$117.5M | C$25.9M | C$5.8M |
| Average inventory | C$125.2M | C$86.8M | C$80.3M | C$143.9M | C$287.0M | C$322.1M | C$232.4M | C$154.0M | C$89.4M | C$41.4M |
| Intangibles / total assets | 18.5% | 14.5% | 11.3% | 10.1% | 37.8% | 32.2% | 35.4% | 23.6% | 29.0% | 59.6% |
Computed from CGC's annual financial statements (latest annual report filed June 15, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Canadian dollars; data from EODHD. Averages use the opening and closing balance of each year.
CGC valuation and financial ratios
Canopy Growth earned a return on equity of −44.4% and a return on invested capital of −8.8% in fiscal 2026. It ended the year with C$278.7 million of debt and C$370.7 million in cash and short-term investments, a net cash position of C$92.0 million.
See the CGC income statement, the CGC chart for price history, or the CGC stock overview for the latest quote and news.
CGC key metrics FAQ
What is Canopy Growth's return on equity?
Canopy Growth's return on equity (ROE) was −44.4% in fiscal 2026: net income of -C$262.9 million on average shareholders' equity of C$592.4 million.
What is Canopy Growth's ROIC?
Canopy Growth's return on invested capital was −8.8% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Canopy Growth have?
Canopy Growth had total debt of C$278.7 million at the end of fiscal 2026, a debt-to-equity ratio of 0.40 and more cash than debt.
What is Canopy Growth's current ratio?
Canopy Growth's current ratio was 3.34 at the end of fiscal 2026: current assets were 3.34 times current liabilities.