vs

Side-by-side financial comparison of CODEXIS, INC. (CDXS) and Mama's Creations, Inc. (MAMA). Click either name above to swap in a different company.

Mama's Creations, Inc. is the larger business by last-quarter revenue ($47.3M vs $38.9M, roughly 1.2× CODEXIS, INC.). CODEXIS, INC. runs the higher net margin — 24.7% vs 1.1%, a 23.5% gap on every dollar of revenue. On growth, CODEXIS, INC. posted the faster year-over-year revenue change (81.3% vs 50.0%). CODEXIS, INC. produced more free cash flow last quarter ($19.6M vs $3.7M). Over the past eight quarters, CODEXIS, INC.'s revenue compounded faster (51.0% CAGR vs 33.0%).

Codexis, Inc. is a protein engineering company that develops enzymes for pharmaceutical, food and medical applications.

Mama's Creations, Inc. is a U.S.-based food manufacturing enterprise that produces a wide portfolio of refrigerated ready-to-eat and heat-and-serve food products, including Italian-style meatballs, sausages, pasta dishes, and other prepared meals. It mainly distributes its offerings to grocery retailers, mass merchandisers and foodservice partners across the United States, focusing on convenient, high-quality comfort food for daily consumer demand.

CDXS vs MAMA — Head-to-Head

Bigger by revenue
MAMA
MAMA
1.2× larger
MAMA
$47.3M
$38.9M
CDXS
Growing faster (revenue YoY)
CDXS
CDXS
+31.4% gap
CDXS
81.3%
50.0%
MAMA
Higher net margin
CDXS
CDXS
23.5% more per $
CDXS
24.7%
1.1%
MAMA
More free cash flow
CDXS
CDXS
$15.9M more FCF
CDXS
$19.6M
$3.7M
MAMA
Faster 2-yr revenue CAGR
CDXS
CDXS
Annualised
CDXS
51.0%
33.0%
MAMA

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
CDXS
CDXS
MAMA
MAMA
Revenue
$38.9M
$47.3M
Net Profit
$9.6M
$540.0K
Gross Margin
94.8%
23.6%
Operating Margin
27.1%
1.7%
Net Margin
24.7%
1.1%
Revenue YoY
81.3%
50.0%
Net Profit YoY
192.5%
31.7%
EPS (diluted)
$0.13
$0.01

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
CDXS
CDXS
MAMA
MAMA
Q4 25
$38.9M
$47.3M
Q3 25
$8.6M
$35.2M
Q2 25
$15.3M
$35.3M
Q1 25
$7.5M
$33.6M
Q4 24
$21.5M
$31.5M
Q3 24
$12.8M
$28.4M
Q2 24
$8.0M
$29.8M
Q1 24
$17.1M
$26.7M
Net Profit
CDXS
CDXS
MAMA
MAMA
Q4 25
$9.6M
$540.0K
Q3 25
$-19.6M
$1.3M
Q2 25
$-13.3M
$1.2M
Q1 25
$-20.7M
$1.6M
Q4 24
$-10.4M
$410.0K
Q3 24
$-20.6M
$1.1M
Q2 24
$-22.8M
$553.0K
Q1 24
$-11.5M
$1.4M
Gross Margin
CDXS
CDXS
MAMA
MAMA
Q4 25
94.8%
23.6%
Q3 25
71.3%
24.9%
Q2 25
86.3%
26.1%
Q1 25
63.8%
27.0%
Q4 24
83.0%
22.6%
Q3 24
66.4%
24.2%
Q2 24
56.6%
25.0%
Q1 24
71.6%
29.3%
Operating Margin
CDXS
CDXS
MAMA
MAMA
Q4 25
27.1%
1.7%
Q3 25
-220.3%
4.8%
Q2 25
-83.9%
4.5%
Q1 25
-271.6%
5.7%
Q4 24
-34.2%
1.8%
Q3 24
-129.0%
5.7%
Q2 24
-284.9%
2.6%
Q1 24
-69.6%
7.4%
Net Margin
CDXS
CDXS
MAMA
MAMA
Q4 25
24.7%
1.1%
Q3 25
-228.1%
3.6%
Q2 25
-86.6%
3.5%
Q1 25
-274.3%
4.8%
Q4 24
-48.4%
1.3%
Q3 24
-160.8%
4.0%
Q2 24
-285.2%
1.9%
Q1 24
-67.4%
5.3%
EPS (diluted)
CDXS
CDXS
MAMA
MAMA
Q4 25
$0.13
$0.01
Q3 25
$-0.22
$0.03
Q2 25
$-0.16
$0.03
Q1 25
$-0.25
$0.04
Q4 24
$-0.12
$0.01
Q3 24
$-0.29
$0.03
Q2 24
$-0.32
$0.01
Q1 24
$-0.16
$0.03

Balance Sheet & Financial Strength

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

Metric
CDXS
CDXS
MAMA
MAMA
Cash + ST InvestmentsLiquidity on hand
$78.2M
$18.1M
Total DebtLower is stronger
$40.1M
Stockholders' EquityBook value
$50.5M
$49.6M
Total Assets
$147.8M
$84.0M
Debt / EquityLower = less leverage
0.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CDXS
CDXS
MAMA
MAMA
Q4 25
$78.2M
$18.1M
Q3 25
$58.7M
$9.4M
Q2 25
$66.3M
$12.0M
Q1 25
$59.8M
$7.2M
Q4 24
$73.5M
$9.3M
Q3 24
$90.3M
$7.4M
Q2 24
$73.2M
$13.0M
Q1 24
$85.5M
$11.0M
Total Debt
CDXS
CDXS
MAMA
MAMA
Q4 25
$40.1M
Q3 25
$39.7M
Q2 25
$39.4M
Q1 25
$29.2M
Q4 24
$28.9M
Q3 24
$28.6M
Q2 24
$28.4M
Q1 24
$28.1M
Stockholders' Equity
CDXS
CDXS
MAMA
MAMA
Q4 25
$50.5M
$49.6M
Q3 25
$38.5M
$29.6M
Q2 25
$55.6M
$26.4M
Q1 25
$49.6M
$24.9M
Q4 24
$66.9M
$23.0M
Q3 24
$73.4M
$22.3M
Q2 24
$61.4M
$20.3M
Q1 24
$79.3M
$19.6M
Total Assets
CDXS
CDXS
MAMA
MAMA
Q4 25
$147.8M
$84.0M
Q3 25
$124.0M
$51.2M
Q2 25
$138.2M
$52.7M
Q1 25
$128.9M
$47.1M
Q4 24
$149.0M
$47.9M
Q3 24
$148.2M
$43.0M
Q2 24
$132.0M
$47.2M
Q1 24
$149.6M
$45.1M
Debt / Equity
CDXS
CDXS
MAMA
MAMA
Q4 25
0.79×
Q3 25
1.03×
Q2 25
0.71×
Q1 25
0.59×
Q4 24
0.43×
Q3 24
0.39×
Q2 24
0.46×
Q1 24
0.35×

Cash Flow & Capital Efficiency

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

Metric
CDXS
CDXS
MAMA
MAMA
Operating Cash FlowLast quarter
$20.1M
$3.9M
Free Cash FlowOCF − Capex
$19.6M
$3.7M
FCF MarginFCF / Revenue
50.3%
7.8%
Capex IntensityCapex / Revenue
1.3%
0.4%
Cash ConversionOCF / Net Profit
2.09×
7.16×
TTM Free Cash FlowTrailing 4 quarters
$-23.8M
$6.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CDXS
CDXS
MAMA
MAMA
Q4 25
$20.1M
$3.9M
Q3 25
$-7.7M
$-1.7M
Q2 25
$-18.0M
$6.0M
Q1 25
$-13.8M
$-857.0K
Q4 24
$-16.5M
$4.8M
Q3 24
$-13.0M
$-2.4M
Q2 24
$-12.2M
$3.6M
Q1 24
$-7.8M
$6.7M
Free Cash Flow
CDXS
CDXS
MAMA
MAMA
Q4 25
$19.6M
$3.7M
Q3 25
$-7.9M
$-2.2M
Q2 25
$-20.5M
$5.5M
Q1 25
$-15.1M
$-930.0K
Q4 24
$-18.2M
$2.5M
Q3 24
$-14.0M
$-4.0M
Q2 24
$-12.6M
$2.5M
Q1 24
$-8.9M
$6.6M
FCF Margin
CDXS
CDXS
MAMA
MAMA
Q4 25
50.3%
7.8%
Q3 25
-91.7%
-6.2%
Q2 25
-133.6%
15.5%
Q1 25
-199.6%
-2.8%
Q4 24
-85.0%
8.0%
Q3 24
-109.0%
-14.1%
Q2 24
-157.5%
8.4%
Q1 24
-52.2%
24.8%
Capex Intensity
CDXS
CDXS
MAMA
MAMA
Q4 25
1.3%
0.4%
Q3 25
2.1%
1.5%
Q2 25
16.4%
1.5%
Q1 25
16.7%
0.2%
Q4 24
8.3%
7.2%
Q3 24
7.8%
5.6%
Q2 24
5.0%
3.8%
Q1 24
6.6%
0.4%
Cash Conversion
CDXS
CDXS
MAMA
MAMA
Q4 25
2.09×
7.16×
Q3 25
-1.31×
Q2 25
4.85×
Q1 25
-0.54×
Q4 24
11.71×
Q3 24
-2.10×
Q2 24
6.58×
Q1 24
4.79×

Financial Flow Comparison

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

Related Comparisons