vs

Side-by-side financial comparison of Eton Pharmaceuticals, Inc. (ETON) 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 $21.3M, roughly 1.3× Eton Pharmaceuticals, Inc.). Eton Pharmaceuticals, Inc. runs the higher net margin — 7.0% vs -18.0%, a 25.0% gap on every dollar of revenue. On growth, Eton Pharmaceuticals, Inc. posted the faster year-over-year revenue change (82.7% vs -10.9%). Over the past eight quarters, Eton Pharmaceuticals, Inc.'s revenue compounded faster (63.4% CAGR vs 42.5%).

Eton Pharmaceuticals, Inc. is a specialty pharmaceutical firm focused on developing and commercializing innovative therapies for rare diseases, pediatric care and hospital care segments. It mainly operates in the U.S. market, partnering with medical stakeholders to deliver accessible high-quality treatments to underserved 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.

ETON vs MSS — Head-to-Head

Bigger by revenue
MSS
MSS
1.3× larger
MSS
$27.6M
$21.3M
ETON
Growing faster (revenue YoY)
ETON
ETON
+93.7% gap
ETON
82.7%
-10.9%
MSS
Higher net margin
ETON
ETON
25.0% more per $
ETON
7.0%
-18.0%
MSS
Faster 2-yr revenue CAGR
ETON
ETON
Annualised
ETON
63.4%
42.5%
MSS

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
ETON
ETON
MSS
MSS
Revenue
$21.3M
$27.6M
Net Profit
$1.5M
$-5.0M
Gross Margin
61.6%
23.4%
Operating Margin
11.6%
-4.9%
Net Margin
7.0%
-18.0%
Revenue YoY
82.7%
-10.9%
Net Profit YoY
348.0%
-1840.5%
EPS (diluted)
$-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
ETON
ETON
MSS
MSS
Q4 25
$21.3M
$27.6M
Q3 25
$22.5M
$27.2M
Q2 25
$18.9M
$34.4M
Q1 25
$17.3M
$32.3M
Q4 24
$11.6M
$29.4M
Q3 24
$10.3M
$28.2M
Q2 24
$9.1M
$16.9M
Q1 24
$8.0M
$13.6M
Net Profit
ETON
ETON
MSS
MSS
Q4 25
$1.5M
$-5.0M
Q3 25
$-1.9M
$-1.5M
Q2 25
$-2.6M
$-287.4K
Q1 25
$-1.6M
$1.0M
Q4 24
$-598.0K
$-256.0K
Q3 24
$627.0K
$700.9K
Q2 24
$-3.0M
$-2.8M
Q1 24
$-811.0K
$-549.0K
Gross Margin
ETON
ETON
MSS
MSS
Q4 25
61.6%
23.4%
Q3 25
35.0%
24.1%
Q2 25
63.0%
9.5%
Q1 25
57.1%
21.8%
Q4 24
55.6%
26.9%
Q3 24
61.0%
28.9%
Q2 24
62.0%
13.0%
Q1 24
62.9%
23.4%
Operating Margin
ETON
ETON
MSS
MSS
Q4 25
11.6%
-4.9%
Q3 25
-6.1%
0.7%
Q2 25
-7.8%
-15.9%
Q1 25
-2.7%
3.7%
Q4 24
5.4%
3.2%
Q3 24
4.9%
7.3%
Q2 24
-32.3%
-14.4%
Q1 24
-10.0%
-2.3%
Net Margin
ETON
ETON
MSS
MSS
Q4 25
7.0%
-18.0%
Q3 25
-8.6%
-5.7%
Q2 25
-13.7%
-0.8%
Q1 25
-9.1%
3.1%
Q4 24
-5.1%
-0.9%
Q3 24
6.1%
2.5%
Q2 24
-33.5%
-16.4%
Q1 24
-10.2%
-4.0%
EPS (diluted)
ETON
ETON
MSS
MSS
Q4 25
$-0.23
Q3 25
$-0.07
$-0.08
Q2 25
$-0.02
Q1 25
$0.06
Q4 24
$-0.01
Q3 24
$0.02
$0.04
Q2 24
$-0.12
$-0.16
Q1 24
$-0.03
$-0.03

Balance Sheet & Financial Strength

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

Metric
ETON
ETON
MSS
MSS
Cash + ST InvestmentsLiquidity on hand
$25.9M
Total DebtLower is stronger
$2.6M
Stockholders' EquityBook value
$26.2M
$11.6M
Total Assets
$92.1M
$75.4M
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ETON
ETON
MSS
MSS
Q4 25
$25.9M
Q3 25
$37.1M
$1.1M
Q2 25
$25.4M
$775.4K
Q1 25
$17.4M
$445.4K
Q4 24
$14.9M
$355.7K
Q3 24
$20.3M
$588.9K
Q2 24
$17.7M
$2.1M
Q1 24
$16.7M
$9.4M
Total Debt
ETON
ETON
MSS
MSS
Q4 25
$2.6M
Q3 25
$2.6M
Q2 25
$2.6M
Q1 25
$30.0M
Q4 24
$29.8M
Q3 24
$2.5M
Q2 24
$2.6M
Q1 24
$2.6M
Stockholders' Equity
ETON
ETON
MSS
MSS
Q4 25
$26.2M
$11.6M
Q3 25
$23.1M
$10.1M
Q2 25
$24.0M
$11.7M
Q1 25
$24.4M
$12.0M
Q4 24
$24.4M
$10.9M
Q3 24
$16.0M
$11.2M
Q2 24
$13.5M
$10.5M
Q1 24
$15.5M
$13.3M
Total Assets
ETON
ETON
MSS
MSS
Q4 25
$92.1M
$75.4M
Q3 25
$104.5M
$73.3M
Q2 25
$101.7M
$77.4M
Q1 25
$84.0M
$82.7M
Q4 24
$76.1M
$82.7M
Q3 24
$35.8M
$82.1M
Q2 24
$31.8M
$82.4M
Q1 24
$30.8M
$44.2M
Debt / Equity
ETON
ETON
MSS
MSS
Q4 25
0.22×
Q3 25
0.26×
Q2 25
0.22×
Q1 25
1.23×
Q4 24
1.22×
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
ETON
ETON
MSS
MSS
Operating Cash FlowLast quarter
$-11.6M
$-1.7M
Free Cash FlowOCF − Capex
$-11.6M
FCF MarginFCF / Revenue
-54.5%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
-7.79×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ETON
ETON
MSS
MSS
Q4 25
$-11.6M
$-1.7M
Q3 25
$12.0M
$1.1M
Q2 25
$8.0M
$-1.6M
Q1 25
$2.1M
$1.7M
Q4 24
$-765.0K
$1.1M
Q3 24
$3.0M
$3.6M
Q2 24
$1.3M
$-2.6M
Q1 24
$-2.5M
$-1.4M
Free Cash Flow
ETON
ETON
MSS
MSS
Q4 25
$-11.6M
Q3 25
$11.7M
Q2 25
Q1 25
Q4 24
$-777.0K
Q3 24
Q2 24
Q1 24
$-2.5M
FCF Margin
ETON
ETON
MSS
MSS
Q4 25
-54.5%
Q3 25
52.3%
Q2 25
Q1 25
Q4 24
-6.7%
Q3 24
Q2 24
Q1 24
-31.2%
Capex Intensity
ETON
ETON
MSS
MSS
Q4 25
0.2%
Q3 25
1.3%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.1%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.2%
Cash Conversion
ETON
ETON
MSS
MSS
Q4 25
-7.79×
Q3 25
Q2 25
Q1 25
1.66×
Q4 24
Q3 24
4.71×
5.12×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ETON
ETON

Segment breakdown not available.

MSS
MSS

Perishables$14.4M52%
Nonperishables$13.2M48%

Related Comparisons