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Is the word companhia the same in Brazilian and European Portuguese?

No

While the spelling, grammar, and core meaning of "companhia" are identical in both Brazilian and Continental Portuguese, there is a difference in typical usage and pronunciation. In Brazil, "companhia" is frequently used as a general synonym for a business or firm (e.g., "uma companhia de seguros"). In Portugal, "empresa" is the much more common and natural term for a general business, while "companhia" is typically reserved for specific, large-scale, or specialized organizations (such as companhia aérea or companhia de água). Additionally, the pronunciation differs significantly; Continental Portuguese features much heavier vowel reduction (closed, almost silent vowels) compared to the more open and melodic cadence of Brazilian Portuguese.

Brazilian Portuguese Usage

  1. Essa companhia de seguros aumentou os preços. (This insurance company increased prices.)
  2. Eu gosto muito da sua companhia. (I really like your company.)
  3. A companhia aérea cancelou o voo. (The airline cancelled the flight.)
  4. Ele é uma ótima companhia para viajar. (He is great company for traveling.)
  5. A companhia de teatro vai se apresentar amanhã. (The theater company is going to perform tomorrow.)

Continental Portuguese Usage

  1. Essa seguradora aumentou os preços. (This insurance company increased prices.)
  2. Eu gosto muito da sua companhia. (I really like your company.)
  3. A companhia aérea cancelou o voo. (The airline cancelled the flight.)
  4. Ele é uma ótima companhia para viajar. (He is great company for traveling.)
  5. A companhia de teatro vai apresentar-se amanhã. (The theater company is going to perform tomorrow.)