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Side-by-side financial comparison of BUILD-A-BEAR WORKSHOP INC (BBW) and MARTIN MIDSTREAM PARTNERS L.P. (MMLP). Click either name above to swap in a different company.

MARTIN MIDSTREAM PARTNERS L.P. is the larger business by last-quarter revenue ($187.7M vs $122.7M, roughly 1.5× BUILD-A-BEAR WORKSHOP INC). BUILD-A-BEAR WORKSHOP INC runs the higher net margin — 6.6% vs 1.7%, a 4.9% gap on every dollar of revenue. On growth, BUILD-A-BEAR WORKSHOP INC posted the faster year-over-year revenue change (2.7% vs -2.5%). BUILD-A-BEAR WORKSHOP INC produced more free cash flow last quarter ($1.7M vs $-6.0M).

Build-A-Bear Workshop, Inc. is an American retailer headquartered in St. Louis, Missouri that sells teddy bears, stuffed animals, and characters. During store visits, customers go through an interactive process where the stuffed animal of their choice is assembled and tailored to their own preferences including varying scents, sounds, looks, and outfits. Build-A-Bear Workshop is the largest chain that operates in this style. The company's slogan was "Where Best Friends Are Made" from 1997–201...

Martin Midstream Partners L.P. is a U.S.-based midstream energy services provider. It offers storage, transportation, distribution and processing solutions for crude oil, natural gas liquids, refined petroleum products and specialty chemicals, mainly serving customers across North American energy and industrial segments.

BBW vs MMLP — Head-to-Head

Bigger by revenue
MMLP
MMLP
1.5× larger
MMLP
$187.7M
$122.7M
BBW
Growing faster (revenue YoY)
BBW
BBW
+5.2% gap
BBW
2.7%
-2.5%
MMLP
Higher net margin
BBW
BBW
4.9% more per $
BBW
6.6%
1.7%
MMLP
More free cash flow
BBW
BBW
$7.7M more FCF
BBW
$1.7M
$-6.0M
MMLP

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
BBW
BBW
MMLP
MMLP
Revenue
$122.7M
$187.7M
Net Profit
$8.1M
$3.2M
Gross Margin
53.7%
Operating Margin
8.7%
Net Margin
6.6%
1.7%
Revenue YoY
2.7%
-2.5%
Net Profit YoY
-17.7%
132.4%
EPS (diluted)
$0.62

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BBW
BBW
MMLP
MMLP
Q1 26
$187.7M
Q4 25
$122.7M
$174.2M
Q3 25
$124.2M
$168.7M
Q2 25
$128.4M
$180.7M
Q1 25
$150.4M
$192.5M
Q4 24
$171.3M
Q3 24
$170.9M
Q2 24
$184.5M
Net Profit
BBW
BBW
MMLP
MMLP
Q1 26
$3.2M
Q4 25
$8.1M
$-2.9M
Q3 25
$12.4M
$-8.4M
Q2 25
$15.3M
$-2.4M
Q1 25
$21.7M
$-1.0M
Q4 24
$-8.9M
Q3 24
$-3.3M
Q2 24
$3.8M
Gross Margin
BBW
BBW
MMLP
MMLP
Q1 26
Q4 25
53.7%
57.1%
Q3 25
57.6%
55.1%
Q2 25
56.8%
56.5%
Q1 25
56.6%
53.5%
Q4 24
58.2%
Q3 24
58.5%
Q2 24
58.4%
Operating Margin
BBW
BBW
MMLP
MMLP
Q1 26
Q4 25
8.7%
7.3%
Q3 25
12.3%
4.1%
Q2 25
15.3%
8.2%
Q1 25
18.3%
7.5%
Q4 24
4.0%
Q3 24
7.4%
Q2 24
10.8%
Net Margin
BBW
BBW
MMLP
MMLP
Q1 26
1.7%
Q4 25
6.6%
-1.7%
Q3 25
10.0%
-5.0%
Q2 25
11.9%
-1.3%
Q1 25
14.4%
-0.5%
Q4 24
-5.2%
Q3 24
-1.9%
Q2 24
2.0%
EPS (diluted)
BBW
BBW
MMLP
MMLP
Q1 26
Q4 25
$0.62
Q3 25
$0.94
Q2 25
$1.17
Q1 25
$1.61
Q4 24
Q3 24
Q2 24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BBW
BBW
MMLP
MMLP
Cash + ST InvestmentsLiquidity on hand
$27.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$150.6M
Total Assets
$326.5M
$537.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BBW
BBW
MMLP
MMLP
Q1 26
Q4 25
$27.7M
Q3 25
$39.1M
Q2 25
$44.3M
Q1 25
$27.8M
Q4 24
Q3 24
Q2 24
Total Debt
BBW
BBW
MMLP
MMLP
Q1 26
Q4 25
$428.0M
Q3 25
$441.3M
Q2 25
$427.8M
Q1 25
$451.4M
Q4 24
$437.6M
Q3 24
$469.3M
Q2 24
$439.4M
Stockholders' Equity
BBW
BBW
MMLP
MMLP
Q1 26
Q4 25
$150.6M
Q3 25
$155.4M
Q2 25
$148.7M
Q1 25
$139.1M
Q4 24
Q3 24
Q2 24
Total Assets
BBW
BBW
MMLP
MMLP
Q1 26
$537.1M
Q4 25
$326.5M
$522.4M
Q3 25
$318.2M
$510.1M
Q2 25
$308.3M
$515.6M
Q1 25
$290.0M
$533.4M
Q4 24
$538.5M
Q3 24
$554.8M
Q2 24
$535.1M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BBW
BBW
MMLP
MMLP
Operating Cash FlowLast quarter
$8.2M
Free Cash FlowOCF − Capex
$1.7M
$-6.0M
FCF MarginFCF / Revenue
1.4%
-3.2%
Capex IntensityCapex / Revenue
5.3%
1.6%
Cash ConversionOCF / Net Profit
1.01×
TTM Free Cash FlowTrailing 4 quarters
$37.2M
$27.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BBW
BBW
MMLP
MMLP
Q1 26
Q4 25
$8.2M
$22.4M
Q3 25
$4.2M
$-1.2M
Q2 25
$27.8M
$30.9M
Q1 25
$19.5M
$-6.0M
Q4 24
$42.2M
Q3 24
$-15.8M
Q2 24
$11.8M
Free Cash Flow
BBW
BBW
MMLP
MMLP
Q1 26
$-6.0M
Q4 25
$1.7M
$15.6M
Q3 25
$793.0K
$-7.9M
Q2 25
$24.9M
$25.6M
Q1 25
$9.8M
$-11.9M
Q4 24
$34.2M
Q3 24
$-25.6M
Q2 24
$-696.0K
FCF Margin
BBW
BBW
MMLP
MMLP
Q1 26
-3.2%
Q4 25
1.4%
8.9%
Q3 25
0.6%
-4.7%
Q2 25
19.4%
14.2%
Q1 25
6.5%
-6.2%
Q4 24
20.0%
Q3 24
-15.0%
Q2 24
-0.4%
Capex Intensity
BBW
BBW
MMLP
MMLP
Q1 26
1.6%
Q4 25
5.3%
3.9%
Q3 25
2.8%
4.0%
Q2 25
2.3%
3.0%
Q1 25
6.5%
3.1%
Q4 24
4.6%
Q3 24
5.8%
Q2 24
6.8%
Cash Conversion
BBW
BBW
MMLP
MMLP
Q1 26
Q4 25
1.01×
Q3 25
0.34×
Q2 25
1.81×
Q1 25
0.90×
Q4 24
Q3 24
Q2 24
3.13×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BBW
BBW

Direct To Consumer$112.3M92%
Commercial Product And Service$8.9M7%
International Franchising$1.5M1%

MMLP
MMLP

Specialty products$61.6M33%
Transportation *$52.8M28%
Other$46.5M25%
Terminalling and storage *$22.4M12%
Sulfur services$4.4M2%

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