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Side-by-side financial comparison of Canterbury Park Holding Corp (CPHC) and 908 Devices Inc. (MASS). Click either name above to swap in a different company.

908 Devices Inc. is the larger business by last-quarter revenue ($17.4M vs $12.4M, roughly 1.4× Canterbury Park Holding Corp). 908 Devices Inc. runs the higher net margin — 24.0% vs -3.1%, a 27.2% gap on every dollar of revenue. On growth, 908 Devices Inc. posted the faster year-over-year revenue change (21.2% vs 3.9%). 908 Devices Inc. produced more free cash flow last quarter ($1.3M vs $-611.3K). Over the past eight quarters, 908 Devices Inc.'s revenue compounded faster (53.0% CAGR vs -6.0%).

Canterbury Park, is a horse racing track in Shakopee, Minnesota, United States. Canterbury Park Holding Corporation hosts parimutuel wagering on live thoroughbred and quarter horse racing at its facilities in Shakopee and parimutuel wagering on races held at out-of-state racetracks that are simulcast to the racetrack. In addition, the Canterbury Park Card Casino operates 24 hours a day, seven days a week, and is also regulated by the Minnesota Racing Commission. Casino games include blackjack...

908 Devices Inc. develops and manufactures portable, high-performance mass spectrometry devices and analytical solutions. Its products serve use cases across life science research, biopharmaceutical manufacturing, public safety, forensics, and industrial process monitoring, catering to global customers including research institutions, pharmaceutical firms and government agencies.

CPHC vs MASS — Head-to-Head

Bigger by revenue
MASS
MASS
1.4× larger
MASS
$17.4M
$12.4M
CPHC
Growing faster (revenue YoY)
MASS
MASS
+17.3% gap
MASS
21.2%
3.9%
CPHC
Higher net margin
MASS
MASS
27.2% more per $
MASS
24.0%
-3.1%
CPHC
More free cash flow
MASS
MASS
$1.9M more FCF
MASS
$1.3M
$-611.3K
CPHC
Faster 2-yr revenue CAGR
MASS
MASS
Annualised
MASS
53.0%
-6.0%
CPHC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CPHC
CPHC
MASS
MASS
Revenue
$12.4M
$17.4M
Net Profit
$-390.1K
$4.2M
Gross Margin
52.7%
Operating Margin
2.6%
17.8%
Net Margin
-3.1%
24.0%
Revenue YoY
3.9%
21.2%
Net Profit YoY
68.7%
121.5%
EPS (diluted)
$-0.08
$0.09

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
CPHC
CPHC
MASS
MASS
Q4 25
$12.4M
$17.4M
Q3 25
$18.3M
$14.0M
Q2 25
$15.7M
$13.0M
Q1 25
$13.1M
$11.8M
Q4 24
$12.0M
$14.3M
Q3 24
$19.3M
$14.5M
Q2 24
$16.2M
$11.5M
Q1 24
$14.1M
$7.4M
Net Profit
CPHC
CPHC
MASS
MASS
Q4 25
$-390.1K
$4.2M
Q3 25
$487.3K
$-15.0M
Q2 25
$-327.4K
$-13.3M
Q1 25
$-299.2K
$43.6M
Q4 24
$-1.2M
$-19.4M
Q3 24
$2.0M
$-29.3M
Q2 24
$338.3K
$-12.5M
Q1 24
$998.2K
$-10.9M
Gross Margin
CPHC
CPHC
MASS
MASS
Q4 25
52.7%
Q3 25
52.5%
Q2 25
48.9%
Q1 25
47.0%
Q4 24
46.5%
Q3 24
53.6%
Q2 24
53.8%
Q1 24
52.4%
Operating Margin
CPHC
CPHC
MASS
MASS
Q4 25
2.6%
17.8%
Q3 25
5.7%
-116.6%
Q2 25
2.8%
-116.3%
Q1 25
4.9%
-93.6%
Q4 24
-0.8%
-116.8%
Q3 24
18.9%
-168.7%
Q2 24
6.9%
-74.5%
Q1 24
12.5%
-102.5%
Net Margin
CPHC
CPHC
MASS
MASS
Q4 25
-3.1%
24.0%
Q3 25
2.7%
-107.0%
Q2 25
-2.1%
-102.1%
Q1 25
-2.3%
370.2%
Q4 24
-10.4%
-135.6%
Q3 24
10.5%
-201.8%
Q2 24
2.1%
-109.5%
Q1 24
7.1%
-147.1%
EPS (diluted)
CPHC
CPHC
MASS
MASS
Q4 25
$-0.08
$0.09
Q3 25
$0.10
$-0.41
Q2 25
$-0.06
$-0.37
Q1 25
$-0.06
$1.23
Q4 24
$-0.25
$-0.58
Q3 24
$0.40
$-0.84
Q2 24
$0.07
$-0.37
Q1 24
$0.20
$-0.33

Balance Sheet & Financial Strength

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

Metric
CPHC
CPHC
MASS
MASS
Cash + ST InvestmentsLiquidity on hand
$17.1M
$113.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$83.9M
$143.7M
Total Assets
$112.6M
$190.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CPHC
CPHC
MASS
MASS
Q4 25
$17.1M
$113.0M
Q3 25
$16.7M
$112.1M
Q2 25
$16.9M
$118.6M
Q1 25
$15.4M
$124.3M
Q4 24
$15.1M
$69.6M
Q3 24
$21.7M
$71.7M
Q2 24
$23.8M
$77.4M
Q1 24
$25.2M
$134.2M
Stockholders' Equity
CPHC
CPHC
MASS
MASS
Q4 25
$83.9M
$143.7M
Q3 25
$84.1M
$136.3M
Q2 25
$83.6M
$148.8M
Q1 25
$83.7M
$159.4M
Q4 24
$84.1M
$114.6M
Q3 24
$85.2M
$131.0M
Q2 24
$83.2M
$156.4M
Q1 24
$82.7M
$156.9M
Total Assets
CPHC
CPHC
MASS
MASS
Q4 25
$112.6M
$190.1M
Q3 25
$114.4M
$190.9M
Q2 25
$114.9M
$191.7M
Q1 25
$112.4M
$196.0M
Q4 24
$109.9M
$159.5M
Q3 24
$114.2M
$178.3M
Q2 24
$111.4M
$208.8M
Q1 24
$105.6M
$189.8M

Cash Flow & Capital Efficiency

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

Metric
CPHC
CPHC
MASS
MASS
Operating Cash FlowLast quarter
$-103.4K
$1.3M
Free Cash FlowOCF − Capex
$-611.3K
$1.3M
FCF MarginFCF / Revenue
-4.9%
7.6%
Capex IntensityCapex / Revenue
4.1%
0.0%
Cash ConversionOCF / Net Profit
0.32×
TTM Free Cash FlowTrailing 4 quarters
$4.7M
$-24.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CPHC
CPHC
MASS
MASS
Q4 25
$-103.4K
$1.3M
Q3 25
$1.2M
$-4.2M
Q2 25
$4.4M
$-5.8M
Q1 25
$3.4M
$-15.0M
Q4 24
$-2.8M
$-2.2M
Q3 24
$2.3M
$-5.6M
Q2 24
$5.4M
$-13.0M
Q1 24
$1.6M
$-9.4M
Free Cash Flow
CPHC
CPHC
MASS
MASS
Q4 25
$-611.3K
$1.3M
Q3 25
$-395.3K
$-4.9M
Q2 25
$3.2M
$-5.9M
Q1 25
$2.5M
$-15.2M
Q4 24
$-6.7M
$-2.4M
Q3 24
$-25
$-5.8M
Q2 24
$1.8M
$-13.7M
Q1 24
$-601.0K
$-10.3M
FCF Margin
CPHC
CPHC
MASS
MASS
Q4 25
-4.9%
7.6%
Q3 25
-2.2%
-34.9%
Q2 25
20.5%
-45.3%
Q1 25
19.1%
-128.9%
Q4 24
-55.9%
-17.0%
Q3 24
-0.0%
-39.7%
Q2 24
11.1%
-119.4%
Q1 24
-4.3%
-138.2%
Capex Intensity
CPHC
CPHC
MASS
MASS
Q4 25
4.1%
0.0%
Q3 25
9.0%
4.9%
Q2 25
7.5%
0.9%
Q1 25
6.5%
1.4%
Q4 24
32.6%
1.3%
Q3 24
11.8%
1.1%
Q2 24
22.2%
5.6%
Q1 24
15.7%
12.2%
Cash Conversion
CPHC
CPHC
MASS
MASS
Q4 25
0.32×
Q3 25
2.56×
Q2 25
Q1 25
-0.34×
Q4 24
Q3 24
1.12×
Q2 24
15.95×
Q1 24
1.62×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CPHC
CPHC

Casino$9.5M76%
Other$1.9M15%
Food And Beverage$1.0M8%

MASS
MASS

Products$14.3M82%
Services$3.0M18%

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