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Side-by-side financial comparison of Connect Biopharma Holdings Ltd (CNTB) and Maison Solutions Inc. (MSS). Click either name above to swap in a different company.

Maison Solutions Inc. is the larger business by last-quarter revenue ($27.6M vs $24.1M, roughly 1.1× Connect Biopharma Holdings Ltd). Connect Biopharma Holdings Ltd runs the higher net margin — 61.6% vs -18.0%, a 79.5% 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.

Maison Solutions Inc. is a specialty home goods retail company that provides a diverse portfolio of stylish, affordably priced furniture, home decor items, and daily household products. Its primary market is the Guangdong-Hong Kong-Macao Greater Bay Area in China, serving mass consumers through both offline physical stores and online e-commerce channels.

CNTB vs MSS — Head-to-Head

Bigger by revenue
MSS
MSS
1.1× larger
MSS
$27.6M
$24.1M
CNTB
Higher net margin
CNTB
CNTB
79.5% more per $
CNTB
61.6%
-18.0%
MSS

Income Statement — Q2 FY2024 vs Q2 FY2026

Metric
CNTB
CNTB
MSS
MSS
Revenue
$24.1M
$27.6M
Net Profit
$14.8M
$-5.0M
Gross Margin
23.4%
Operating Margin
56.6%
-4.9%
Net Margin
61.6%
-18.0%
Revenue YoY
-10.9%
Net Profit YoY
148.7%
-1840.5%
EPS (diluted)
$0.27
$-0.23

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
MSS
MSS
Q4 25
$27.6M
Q3 25
$27.2M
Q2 25
$34.4M
Q1 25
$32.3M
Q4 24
$29.4M
Q3 24
$28.2M
Q2 24
$24.1M
$16.9M
Q1 24
$13.6M
Net Profit
CNTB
CNTB
MSS
MSS
Q4 25
$-5.0M
Q3 25
$-1.5M
Q2 25
$-287.4K
Q1 25
$1.0M
Q4 24
$-256.0K
Q3 24
$700.9K
Q2 24
$14.8M
$-2.8M
Q1 24
$-549.0K
Gross Margin
CNTB
CNTB
MSS
MSS
Q4 25
23.4%
Q3 25
24.1%
Q2 25
9.5%
Q1 25
21.8%
Q4 24
26.9%
Q3 24
28.9%
Q2 24
13.0%
Q1 24
23.4%
Operating Margin
CNTB
CNTB
MSS
MSS
Q4 25
-4.9%
Q3 25
0.7%
Q2 25
-15.9%
Q1 25
3.7%
Q4 24
3.2%
Q3 24
7.3%
Q2 24
56.6%
-14.4%
Q1 24
-2.3%
Net Margin
CNTB
CNTB
MSS
MSS
Q4 25
-18.0%
Q3 25
-5.7%
Q2 25
-0.8%
Q1 25
3.1%
Q4 24
-0.9%
Q3 24
2.5%
Q2 24
61.6%
-16.4%
Q1 24
-4.0%
EPS (diluted)
CNTB
CNTB
MSS
MSS
Q4 25
$-0.23
Q3 25
$-0.08
Q2 25
$-0.02
Q1 25
$0.06
Q4 24
$-0.01
Q3 24
$0.04
Q2 24
$0.27
$-0.16
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
MSS
MSS
Cash + ST InvestmentsLiquidity on hand
$110.2M
Total DebtLower is stronger
$2.6M
Stockholders' EquityBook value
$110.9M
$11.6M
Total Assets
$120.6M
$75.4M
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNTB
CNTB
MSS
MSS
Q4 25
Q3 25
$1.1M
Q2 25
$775.4K
Q1 25
$445.4K
Q4 24
$355.7K
Q3 24
$588.9K
Q2 24
$110.2M
$2.1M
Q1 24
$9.4M
Total Debt
CNTB
CNTB
MSS
MSS
Q4 25
$2.6M
Q3 25
$2.6M
Q2 25
$2.6M
Q1 25
Q4 24
Q3 24
$2.5M
Q2 24
$2.6M
Q1 24
$2.6M
Stockholders' Equity
CNTB
CNTB
MSS
MSS
Q4 25
$11.6M
Q3 25
$10.1M
Q2 25
$11.7M
Q1 25
$12.0M
Q4 24
$10.9M
Q3 24
$11.2M
Q2 24
$110.9M
$10.5M
Q1 24
$13.3M
Total Assets
CNTB
CNTB
MSS
MSS
Q4 25
$75.4M
Q3 25
$73.3M
Q2 25
$77.4M
Q1 25
$82.7M
Q4 24
$82.7M
Q3 24
$82.1M
Q2 24
$120.6M
$82.4M
Q1 24
$44.2M
Debt / Equity
CNTB
CNTB
MSS
MSS
Q4 25
0.22×
Q3 25
0.26×
Q2 25
0.22×
Q1 25
Q4 24
Q3 24
0.23×
Q2 24
0.24×
Q1 24
0.19×

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
MSS
MSS
Operating Cash FlowLast quarter
$-8.0M
$-1.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.54×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNTB
CNTB
MSS
MSS
Q4 25
$-1.7M
Q3 25
$1.1M
Q2 25
$-1.6M
Q1 25
$1.7M
Q4 24
$1.1M
Q3 24
$3.6M
Q2 24
$-8.0M
$-2.6M
Q1 24
$-1.4M
Cash Conversion
CNTB
CNTB
MSS
MSS
Q4 25
Q3 25
Q2 25
Q1 25
1.66×
Q4 24
Q3 24
5.12×
Q2 24
-0.54×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CNTB
CNTB

Segment breakdown not available.

MSS
MSS

Perishables$14.4M52%
Nonperishables$13.2M48%

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