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Side-by-side financial comparison of Connect Biopharma Holdings Ltd (CNTB) 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 $24.1M, roughly 2.0× Connect Biopharma Holdings Ltd). Connect Biopharma Holdings Ltd runs the higher net margin — 61.6% vs 1.1%, a 60.4% gap on every dollar of revenue.

Connect Biopharma Holdings Ltd is a clinical-stage global biopharmaceutical company dedicated to developing innovative targeted therapies for inflammatory, immunological and autoimmune diseases. Its core pipeline includes candidate treatments for asthma, atopic dermatitis and other conditions with high unmet medical needs, with main operations across the U.S., China and key global markets to deliver effective therapeutic solutions to patients.

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.

CNTB vs MAMA — Head-to-Head

Bigger by revenue
MAMA
MAMA
2.0× larger
MAMA
$47.3M
$24.1M
CNTB
Higher net margin
CNTB
CNTB
60.4% more per $
CNTB
61.6%
1.1%
MAMA

Income Statement — Q2 FY2024 vs Q3 FY2026

Metric
CNTB
CNTB
MAMA
MAMA
Revenue
$24.1M
$47.3M
Net Profit
$14.8M
$540.0K
Gross Margin
23.6%
Operating Margin
56.6%
1.7%
Net Margin
61.6%
1.1%
Revenue YoY
50.0%
Net Profit YoY
148.7%
31.7%
EPS (diluted)
$0.27
$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
CNTB
CNTB
MAMA
MAMA
Q4 25
$47.3M
Q3 25
$35.2M
Q2 25
$35.3M
Q1 25
$33.6M
Q4 24
$31.5M
Q3 24
$28.4M
Q2 24
$24.1M
$29.8M
Q1 24
$26.7M
Net Profit
CNTB
CNTB
MAMA
MAMA
Q4 25
$540.0K
Q3 25
$1.3M
Q2 25
$1.2M
Q1 25
$1.6M
Q4 24
$410.0K
Q3 24
$1.1M
Q2 24
$14.8M
$553.0K
Q1 24
$1.4M
Gross Margin
CNTB
CNTB
MAMA
MAMA
Q4 25
23.6%
Q3 25
24.9%
Q2 25
26.1%
Q1 25
27.0%
Q4 24
22.6%
Q3 24
24.2%
Q2 24
25.0%
Q1 24
29.3%
Operating Margin
CNTB
CNTB
MAMA
MAMA
Q4 25
1.7%
Q3 25
4.8%
Q2 25
4.5%
Q1 25
5.7%
Q4 24
1.8%
Q3 24
5.7%
Q2 24
56.6%
2.6%
Q1 24
7.4%
Net Margin
CNTB
CNTB
MAMA
MAMA
Q4 25
1.1%
Q3 25
3.6%
Q2 25
3.5%
Q1 25
4.8%
Q4 24
1.3%
Q3 24
4.0%
Q2 24
61.6%
1.9%
Q1 24
5.3%
EPS (diluted)
CNTB
CNTB
MAMA
MAMA
Q4 25
$0.01
Q3 25
$0.03
Q2 25
$0.03
Q1 25
$0.04
Q4 24
$0.01
Q3 24
$0.03
Q2 24
$0.27
$0.01
Q1 24
$0.03

Balance Sheet & Financial Strength

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

Metric
CNTB
CNTB
MAMA
MAMA
Cash + ST InvestmentsLiquidity on hand
$110.2M
$18.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$110.9M
$49.6M
Total Assets
$120.6M
$84.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNTB
CNTB
MAMA
MAMA
Q4 25
$18.1M
Q3 25
$9.4M
Q2 25
$12.0M
Q1 25
$7.2M
Q4 24
$9.3M
Q3 24
$7.4M
Q2 24
$110.2M
$13.0M
Q1 24
$11.0M
Stockholders' Equity
CNTB
CNTB
MAMA
MAMA
Q4 25
$49.6M
Q3 25
$29.6M
Q2 25
$26.4M
Q1 25
$24.9M
Q4 24
$23.0M
Q3 24
$22.3M
Q2 24
$110.9M
$20.3M
Q1 24
$19.6M
Total Assets
CNTB
CNTB
MAMA
MAMA
Q4 25
$84.0M
Q3 25
$51.2M
Q2 25
$52.7M
Q1 25
$47.1M
Q4 24
$47.9M
Q3 24
$43.0M
Q2 24
$120.6M
$47.2M
Q1 24
$45.1M

Cash Flow & Capital Efficiency

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

Metric
CNTB
CNTB
MAMA
MAMA
Operating Cash FlowLast quarter
$-8.0M
$3.9M
Free Cash FlowOCF − Capex
$3.7M
FCF MarginFCF / Revenue
7.8%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
-0.54×
7.16×
TTM Free Cash FlowTrailing 4 quarters
$6.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNTB
CNTB
MAMA
MAMA
Q4 25
$3.9M
Q3 25
$-1.7M
Q2 25
$6.0M
Q1 25
$-857.0K
Q4 24
$4.8M
Q3 24
$-2.4M
Q2 24
$-8.0M
$3.6M
Q1 24
$6.7M
Free Cash Flow
CNTB
CNTB
MAMA
MAMA
Q4 25
$3.7M
Q3 25
$-2.2M
Q2 25
$5.5M
Q1 25
$-930.0K
Q4 24
$2.5M
Q3 24
$-4.0M
Q2 24
$2.5M
Q1 24
$6.6M
FCF Margin
CNTB
CNTB
MAMA
MAMA
Q4 25
7.8%
Q3 25
-6.2%
Q2 25
15.5%
Q1 25
-2.8%
Q4 24
8.0%
Q3 24
-14.1%
Q2 24
8.4%
Q1 24
24.8%
Capex Intensity
CNTB
CNTB
MAMA
MAMA
Q4 25
0.4%
Q3 25
1.5%
Q2 25
1.5%
Q1 25
0.2%
Q4 24
7.2%
Q3 24
5.6%
Q2 24
3.8%
Q1 24
0.4%
Cash Conversion
CNTB
CNTB
MAMA
MAMA
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
-0.54×
6.58×
Q1 24
4.79×

Financial Flow Comparison

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

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