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Side-by-side financial comparison of Commerce.com, Inc. (CMRC) and Mama's Creations, Inc. (MAMA). Click either name above to swap in a different company.
Commerce.com, Inc. is the larger business by last-quarter revenue ($89.5M vs $47.3M, roughly 1.9× Mama's Creations, Inc.). Mama's Creations, Inc. runs the higher net margin — 1.1% vs -9.3%, a 10.5% gap on every dollar of revenue. On growth, Mama's Creations, Inc. posted the faster year-over-year revenue change (50.0% vs 2.9%). Mama's Creations, Inc. produced more free cash flow last quarter ($3.7M vs $-2.2M). Over the past eight quarters, Mama's Creations, Inc.'s revenue compounded faster (33.0% CAGR vs 5.5%).
SPS Commerce, Inc. is a technology and application software company based in the United States that provides cloud-based supply chain management software. The company's headquarters are located in Minneapolis, Minnesota, but it also has a US office in New Jersey, and international locations in Amsterdam, Beijing, Breukelen, Hong Kong, Kyiv, Melbourne, Montpellier, Sydney, and Toronto.
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.
CMRC vs MAMA — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $89.5M | $47.3M |
| Net Profit | $-8.4M | $540.0K |
| Gross Margin | 78.3% | 23.6% |
| Operating Margin | -7.4% | 1.7% |
| Net Margin | -9.3% | 1.1% |
| Revenue YoY | 2.9% | 50.0% |
| Net Profit YoY | -250.0% | 31.7% |
| EPS (diluted) | $-0.11 | $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.
| Q4 25 | $89.5M | $47.3M | ||
| Q3 25 | $86.0M | $35.2M | ||
| Q2 25 | $84.4M | $35.3M | ||
| Q1 25 | $82.4M | $33.6M | ||
| Q4 24 | $87.0M | $31.5M | ||
| Q3 24 | $83.7M | $28.4M | ||
| Q2 24 | $81.8M | $29.8M | ||
| Q1 24 | $80.4M | $26.7M |
| Q4 25 | $-8.4M | $540.0K | ||
| Q3 25 | $-2.2M | $1.3M | ||
| Q2 25 | $-8.4M | $1.2M | ||
| Q1 25 | $-353.0K | $1.6M | ||
| Q4 24 | $-2.4M | $410.0K | ||
| Q3 24 | $-7.0M | $1.1M | ||
| Q2 24 | $-11.3M | $553.0K | ||
| Q1 24 | $-6.4M | $1.4M |
| Q4 25 | 78.3% | 23.6% | ||
| Q3 25 | 78.4% | 24.9% | ||
| Q2 25 | 79.0% | 26.1% | ||
| Q1 25 | 79.4% | 27.0% | ||
| Q4 24 | 77.6% | 22.6% | ||
| Q3 24 | 76.3% | 24.2% | ||
| Q2 24 | 75.8% | 25.0% | ||
| Q1 24 | 77.1% | 29.3% |
| Q4 25 | -7.4% | 1.7% | ||
| Q3 25 | -0.5% | 4.8% | ||
| Q2 25 | -8.0% | 4.5% | ||
| Q1 25 | -2.9% | 5.7% | ||
| Q4 24 | -0.9% | 1.8% | ||
| Q3 24 | -23.0% | 5.7% | ||
| Q2 24 | -16.5% | 2.6% | ||
| Q1 24 | -10.2% | 7.4% |
| Q4 25 | -9.3% | 1.1% | ||
| Q3 25 | -2.6% | 3.6% | ||
| Q2 25 | -9.9% | 3.5% | ||
| Q1 25 | -0.4% | 4.8% | ||
| Q4 24 | -2.7% | 1.3% | ||
| Q3 24 | -8.4% | 4.0% | ||
| Q2 24 | -13.8% | 1.9% | ||
| Q1 24 | -8.0% | 5.3% |
| Q4 25 | $-0.11 | $0.01 | ||
| Q3 25 | $-0.03 | $0.03 | ||
| Q2 25 | $-0.10 | $0.03 | ||
| Q1 25 | $0.00 | $0.04 | ||
| Q4 24 | $-0.03 | $0.01 | ||
| Q3 24 | $-0.09 | $0.03 | ||
| Q2 24 | $-0.15 | $0.01 | ||
| Q1 24 | $-0.08 | $0.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $141.1M | $18.1M |
| Total DebtLower is stronger | $157.0M | — |
| Stockholders' EquityBook value | $39.4M | $49.6M |
| Total Assets | $308.8M | $84.0M |
| Debt / EquityLower = less leverage | 3.99× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $141.1M | $18.1M | ||
| Q3 25 | $142.0M | $9.4M | ||
| Q2 25 | $134.5M | $12.0M | ||
| Q1 25 | $120.7M | $7.2M | ||
| Q4 24 | $178.2M | $9.3M | ||
| Q3 24 | $168.4M | $7.4M | ||
| Q2 24 | $275.8M | $13.0M | ||
| Q1 24 | $265.2M | $11.0M |
| Q4 25 | $157.0M | — | ||
| Q3 25 | $157.3M | — | ||
| Q2 25 | $157.5M | — | ||
| Q1 25 | $157.8M | — | ||
| Q4 24 | $216.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $340.9M | — | ||
| Q1 24 | $340.5M | — |
| Q4 25 | $39.4M | $49.6M | ||
| Q3 25 | $42.8M | $29.6M | ||
| Q2 25 | $38.8M | $26.4M | ||
| Q1 25 | $38.1M | $24.9M | ||
| Q4 24 | $33.4M | $23.0M | ||
| Q3 24 | $29.0M | $22.3M | ||
| Q2 24 | $26.1M | $20.3M | ||
| Q1 24 | $26.9M | $19.6M |
| Q4 25 | $308.8M | $84.0M | ||
| Q3 25 | $309.5M | $51.2M | ||
| Q2 25 | $302.5M | $52.7M | ||
| Q1 25 | $286.3M | $47.1M | ||
| Q4 24 | $340.3M | $47.9M | ||
| Q3 24 | $335.1M | $43.0M | ||
| Q2 24 | $452.5M | $47.2M | ||
| Q1 24 | $442.5M | $45.1M |
| Q4 25 | 3.99× | — | ||
| Q3 25 | 3.67× | — | ||
| Q2 25 | 4.06× | — | ||
| Q1 25 | 4.14× | — | ||
| Q4 24 | 6.49× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 13.06× | — | ||
| Q1 24 | 12.65× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $980.0K | $3.9M |
| Free Cash FlowOCF − Capex | $-2.2M | $3.7M |
| FCF MarginFCF / Revenue | -2.4% | 7.8% |
| Capex IntensityCapex / Revenue | 3.5% | 0.4% |
| Cash ConversionOCF / Net Profit | — | 7.16× |
| TTM Free Cash FlowTrailing 4 quarters | $16.9M | $6.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $980.0K | $3.9M | ||
| Q3 25 | $10.6M | $-1.7M | ||
| Q2 25 | $13.6M | $6.0M | ||
| Q1 25 | $401.0K | $-857.0K | ||
| Q4 24 | $12.4M | $4.8M | ||
| Q3 24 | $5.6M | $-2.4M | ||
| Q2 24 | $11.7M | $3.6M | ||
| Q1 24 | $-3.4M | $6.7M |
| Q4 25 | $-2.2M | $3.7M | ||
| Q3 25 | $7.6M | $-2.2M | ||
| Q2 25 | $11.9M | $5.5M | ||
| Q1 25 | $-424.0K | $-930.0K | ||
| Q4 24 | $11.6M | $2.5M | ||
| Q3 24 | $4.5M | $-4.0M | ||
| Q2 24 | $10.7M | $2.5M | ||
| Q1 24 | $-4.2M | $6.6M |
| Q4 25 | -2.4% | 7.8% | ||
| Q3 25 | 8.8% | -6.2% | ||
| Q2 25 | 14.1% | 15.5% | ||
| Q1 25 | -0.5% | -2.8% | ||
| Q4 24 | 13.3% | 8.0% | ||
| Q3 24 | 5.4% | -14.1% | ||
| Q2 24 | 13.0% | 8.4% | ||
| Q1 24 | -5.3% | 24.8% |
| Q4 25 | 3.5% | 0.4% | ||
| Q3 25 | 3.4% | 1.5% | ||
| Q2 25 | 2.0% | 1.5% | ||
| Q1 25 | 1.0% | 0.2% | ||
| Q4 24 | 0.9% | 7.2% | ||
| Q3 24 | 1.3% | 5.6% | ||
| Q2 24 | 1.3% | 3.8% | ||
| Q1 24 | 1.0% | 0.4% |
| Q4 25 | — | 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.
Revenue Breakdown by Segment
CMRC
| Subscription And Circulation | $65.2M | 73% |
| Partner And Services | $24.4M | 27% |
MAMA
Segment breakdown not available.
