Cyanotech's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Cyanotech (CYAN) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Cyanotech vs Its Competitors
- TTM: Trailing 12-month revenue of 25M vs -M combined for tracked competitors (100.0% combined share).
- Trending: Latest-quarter revenue run-rate is holding steady (+1.9% annualized vs trailing 12 months).
- Scale: Cyanotech ranks #19 of 37 companies by market capitalization in the Legal Cannabis industry, holding 0.0% of industry market cap.
- Peer revenue share: Cyanotech accounted for 100.0% of combined revenue among its tracked peer group, up from 100.0% a year earlier.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
CYAN Sales vs. its Competitors, Q2 2025
Cyanotech generated 100.00 % of the combined sales of its peer group, up from 100.00 % a year earlier.
For context: the Legal Cannabis industry grew revenue 21.6% year over year, combined, vs 16.7% for Cyanotech. Cyanotech's share of combined industry revenue moved from 0.21% to 0.20%, a loss of 0.01 percentage points.
Cyanotech's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Cyanotech Corp | No | Yes | Yes | No |
| High-Confidence Competitors (1) | - | - | - | |
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 12.50 % (1 of 8) | 75.00 % (6 of 8) | 62.50 % (5 of 8) | 50.00 % (3 of 6) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
CYAN Stock Performance relative to its Competitors
CYAN Stock Performance relative to High-Confidence Competitors
CYAN Stock Performance relative to Similar-Size Competitors
CYAN Stock Performance relative to Similar Growth & Profitability Competitors
Cyanotech's Comment on Competition and Industry Peers
Cyanotech's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Earthrise | Named by the company | 85% |
| Zivo Bioscience Inc | Named by the company | 85% |
| Nutrex Hawaii | Named by the company | 85% |
| Murugappa Group | Named by the company | 85% |
| Dainippon Ink and Chemical Company | Named by the company | 85% |
| Parry Nutraceuticals | Named by the company | 85% |
| Murugappa Group of India | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Cyanotech's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.