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Side-by-side financial comparison of FENNEC PHARMACEUTICALS INC. (FENC) and Massimo Group (MAMO). Click either name above to swap in a different company.

Massimo Group is the larger business by last-quarter revenue ($21.0M vs $13.8M, roughly 1.5× FENNEC PHARMACEUTICALS INC.). Massimo Group runs the higher net margin — 9.5% vs -34.7%, a 44.2% gap on every dollar of revenue. On growth, FENNEC PHARMACEUTICALS INC. posted the faster year-over-year revenue change (73.8% vs 15.7%). Over the past eight quarters, Massimo Group's revenue compounded faster (-16.5% CAGR vs -26.3%).

Fennec Pharmaceuticals Inc. is a biopharmaceutical firm focused on developing and commercializing therapies to reduce treatment-related side effects in pediatric cancer patients. Its lead product targets chemotherapy-induced ototoxicity, with core North American markets serving oncology providers and vulnerable pediatric patient groups.

Massimo Dutti, S.A. is a Spanish premium clothing retailer specializing in cashmere and wool products, established in 1985 and owned by Spanish multinational company Inditex, the parent company of Zara, Pull&Bear, and other brands.

FENC vs MAMO — Head-to-Head

Bigger by revenue
MAMO
MAMO
1.5× larger
MAMO
$21.0M
$13.8M
FENC
Growing faster (revenue YoY)
FENC
FENC
+58.2% gap
FENC
73.8%
15.7%
MAMO
Higher net margin
MAMO
MAMO
44.2% more per $
MAMO
9.5%
-34.7%
FENC
Faster 2-yr revenue CAGR
MAMO
MAMO
Annualised
MAMO
-16.5%
-26.3%
FENC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FENC
FENC
MAMO
MAMO
Revenue
$13.8M
$21.0M
Net Profit
$-4.8M
$2.0M
Gross Margin
41.5%
Operating Margin
-18.5%
13.1%
Net Margin
-34.7%
9.5%
Revenue YoY
73.8%
15.7%
Net Profit YoY
-141.1%
215.0%
EPS (diluted)
$-0.17
$0.05

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
FENC
FENC
MAMO
MAMO
Q4 25
$13.8M
$21.0M
Q3 25
$12.5M
$17.0M
Q2 25
$9.7M
$18.9M
Q1 25
$8.8M
$14.9M
Q4 24
$7.9M
$18.2M
Q3 24
$7.0M
$25.6M
Q2 24
$7.3M
$35.4M
Q1 24
$25.4M
$30.2M
Net Profit
FENC
FENC
MAMO
MAMO
Q4 25
$-4.8M
$2.0M
Q3 25
$-638.0K
$1.5M
Q2 25
$-3.2M
$77.7K
Q1 25
$-1.2M
$-2.1M
Q4 24
$-2.0M
$-1.7M
Q3 24
$-5.7M
$-2.5M
Q2 24
$-5.6M
$2.8M
Q1 24
$12.8M
$3.2M
Gross Margin
FENC
FENC
MAMO
MAMO
Q4 25
41.5%
Q3 25
42.0%
Q2 25
36.3%
Q1 25
28.4%
Q4 24
19.6%
Q3 24
27.2%
Q2 24
32.5%
Q1 24
34.7%
Operating Margin
FENC
FENC
MAMO
MAMO
Q4 25
-18.5%
13.1%
Q3 25
-1.5%
10.5%
Q2 25
-28.3%
0.8%
Q1 25
-9.2%
-18.2%
Q4 24
-11.8%
-15.4%
Q3 24
-74.6%
1.2%
Q2 24
-69.4%
10.1%
Q1 24
54.2%
13.2%
Net Margin
FENC
FENC
MAMO
MAMO
Q4 25
-34.7%
9.5%
Q3 25
-5.1%
9.0%
Q2 25
-32.7%
0.4%
Q1 25
-13.3%
-14.0%
Q4 24
-25.0%
-9.5%
Q3 24
-82.2%
-9.8%
Q2 24
-76.5%
8.0%
Q1 24
50.6%
10.6%
EPS (diluted)
FENC
FENC
MAMO
MAMO
Q4 25
$-0.17
$0.05
Q3 25
$-0.02
$0.04
Q2 25
$-0.11
$0.00
Q1 25
$-0.04
$-0.05
Q4 24
$-0.02
$-0.05
Q3 24
$-0.21
$-0.06
Q2 24
$-0.20
$0.07
Q1 24
$0.41
$0.08

Balance Sheet & Financial Strength

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

Metric
FENC
FENC
MAMO
MAMO
Cash + ST InvestmentsLiquidity on hand
$36.8M
$5.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$35.5M
$23.7M
Total Assets
$70.6M
$51.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FENC
FENC
MAMO
MAMO
Q4 25
$36.8M
$5.8M
Q3 25
$21.9M
$2.6M
Q2 25
$18.7M
Q1 25
$22.7M
$3.0M
Q4 24
$26.6M
$10.2M
Q3 24
$40.3M
Q2 24
$43.1M
Q1 24
$51.2M
Total Debt
FENC
FENC
MAMO
MAMO
Q4 25
Q3 25
$19.4M
Q2 25
$19.4M
Q1 25
$19.4M
Q4 24
$19.3M
Q3 24
$32.1M
Q2 24
$31.8M
Q1 24
$31.3M
Stockholders' Equity
FENC
FENC
MAMO
MAMO
Q4 25
$35.5M
$23.7M
Q3 25
$-4.5M
$21.7M
Q2 25
$-7.5M
$20.2M
Q1 25
$-5.9M
$19.9M
Q4 24
$-5.9M
$21.7M
Q3 24
$-5.2M
$22.5M
Q2 24
$-1.4M
$24.7M
Q1 24
$3.0M
$18.1M
Total Assets
FENC
FENC
MAMO
MAMO
Q4 25
$70.6M
$51.4M
Q3 25
$49.3M
$44.4M
Q2 25
$44.9M
$45.9M
Q1 25
$46.4M
$46.4M
Q4 24
$44.9M
$54.9M
Q3 24
$58.9M
$57.1M
Q2 24
$63.2M
$49.9M
Q1 24
$69.2M
$47.3M
Debt / Equity
FENC
FENC
MAMO
MAMO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
10.40×

Cash Flow & Capital Efficiency

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

Metric
FENC
FENC
MAMO
MAMO
Operating Cash FlowLast quarter
$-6.0M
$4.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.01×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FENC
FENC
MAMO
MAMO
Q4 25
$-6.0M
$4.0M
Q3 25
$1.5M
$633.2K
Q2 25
$-3.7M
$-1.4M
Q1 25
$-4.3M
$-3.3M
Q4 24
$-1.5M
$9.1M
Q3 24
$-2.2M
$4.7M
Q2 24
$-8.4M
$-6.5M
Q1 24
$39.0M
$-637.0K
Free Cash Flow
FENC
FENC
MAMO
MAMO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$9.0M
Q3 24
$4.6M
Q2 24
$-6.7M
Q1 24
$-741.4K
FCF Margin
FENC
FENC
MAMO
MAMO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
49.7%
Q3 24
18.1%
Q2 24
-19.0%
Q1 24
-2.5%
Capex Intensity
FENC
FENC
MAMO
MAMO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.2%
Q3 24
0.3%
Q2 24
0.7%
Q1 24
0.3%
Cash Conversion
FENC
FENC
MAMO
MAMO
Q4 25
2.01×
Q3 25
0.41×
Q2 25
-17.92×
Q1 25
Q4 24
Q3 24
Q2 24
-2.30×
Q1 24
3.04×
-0.20×

Financial Flow Comparison

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

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