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Side-by-side financial comparison of First Foundation Inc. (FFWM) and Maison Solutions Inc. (MSS). Click either name above to swap in a different company.

First Foundation Inc. is the larger business by last-quarter revenue ($48.4M vs $27.6M, roughly 1.8× Maison Solutions Inc.). Maison Solutions Inc. runs the higher net margin — -18.0% vs -97.9%, a 79.9% gap on every dollar of revenue. On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs -10.9%). Over the past eight quarters, Maison Solutions Inc.'s revenue compounded faster (42.5% CAGR vs -2.7%).

John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.

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.

FFWM vs MSS — Head-to-Head

Bigger by revenue
FFWM
FFWM
1.8× larger
FFWM
$48.4M
$27.6M
MSS
Growing faster (revenue YoY)
FFWM
FFWM
+432.6% gap
FFWM
421.7%
-10.9%
MSS
Higher net margin
MSS
MSS
79.9% more per $
MSS
-18.0%
-97.9%
FFWM
Faster 2-yr revenue CAGR
MSS
MSS
Annualised
MSS
42.5%
-2.7%
FFWM

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
FFWM
FFWM
MSS
MSS
Revenue
$48.4M
$27.6M
Net Profit
$-8.0M
$-5.0M
Gross Margin
23.4%
Operating Margin
-97.5%
-4.9%
Net Margin
-97.9%
-18.0%
Revenue YoY
421.7%
-10.9%
Net Profit YoY
43.0%
-1840.5%
EPS (diluted)
$-0.09
$-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
FFWM
FFWM
MSS
MSS
Q4 25
$48.4M
$27.6M
Q3 25
$63.6M
$27.2M
Q2 25
$51.4M
$34.4M
Q1 25
$71.4M
$32.3M
Q4 24
$9.3M
$29.4M
Q3 24
$9.2M
$28.2M
Q2 24
$57.5M
$16.9M
Q1 24
$51.1M
$13.6M
Net Profit
FFWM
FFWM
MSS
MSS
Q4 25
$-8.0M
$-5.0M
Q3 25
$-146.3M
$-1.5M
Q2 25
$-7.7M
$-287.4K
Q1 25
$6.9M
$1.0M
Q4 24
$-14.1M
$-256.0K
Q3 24
$-82.2M
$700.9K
Q2 24
$3.1M
$-2.8M
Q1 24
$793.0K
$-549.0K
Gross Margin
FFWM
FFWM
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
FFWM
FFWM
MSS
MSS
Q4 25
-97.5%
-4.9%
Q3 25
-92.7%
0.7%
Q2 25
-21.1%
-15.9%
Q1 25
8.8%
3.7%
Q4 24
-247.7%
3.2%
Q3 24
-1276.7%
7.3%
Q2 24
4.6%
-14.4%
Q1 24
-0.2%
-2.3%
Net Margin
FFWM
FFWM
MSS
MSS
Q4 25
-97.9%
-18.0%
Q3 25
-230.1%
-5.7%
Q2 25
-15.0%
-0.8%
Q1 25
9.7%
3.1%
Q4 24
-152.2%
-0.9%
Q3 24
-896.9%
2.5%
Q2 24
5.4%
-16.4%
Q1 24
1.6%
-4.0%
EPS (diluted)
FFWM
FFWM
MSS
MSS
Q4 25
$-0.09
$-0.23
Q3 25
$-1.78
$-0.08
Q2 25
$-0.09
$-0.02
Q1 25
$0.08
$0.06
Q4 24
$-0.24
$-0.01
Q3 24
$-1.23
$0.04
Q2 24
$0.05
$-0.16
Q1 24
$0.01
$-0.03

Balance Sheet & Financial Strength

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

Metric
FFWM
FFWM
MSS
MSS
Cash + ST InvestmentsLiquidity on hand
$1.6B
Total DebtLower is stronger
$2.6M
Stockholders' EquityBook value
$912.6M
$11.6M
Total Assets
$11.9B
$75.4M
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FFWM
FFWM
MSS
MSS
Q4 25
$1.6B
Q3 25
$1.7B
$1.1M
Q2 25
$1.1B
$775.4K
Q1 25
$1.0B
$445.4K
Q4 24
$1.0B
$355.7K
Q3 24
$1.1B
$588.9K
Q2 24
$1.4B
$2.1M
Q1 24
$1.6B
$9.4M
Total Debt
FFWM
FFWM
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
FFWM
FFWM
MSS
MSS
Q4 25
$912.6M
$11.6M
Q3 25
$917.9M
$10.1M
Q2 25
$1.1B
$11.7M
Q1 25
$1.1B
$12.0M
Q4 24
$1.1B
$10.9M
Q3 24
$1.1B
$11.2M
Q2 24
$933.2M
$10.5M
Q1 24
$928.7M
$13.3M
Total Assets
FFWM
FFWM
MSS
MSS
Q4 25
$11.9B
$75.4M
Q3 25
$11.9B
$73.3M
Q2 25
$11.6B
$77.4M
Q1 25
$12.6B
$82.7M
Q4 24
$12.6B
$82.7M
Q3 24
$13.4B
$82.1M
Q2 24
$13.7B
$82.4M
Q1 24
$13.6B
$44.2M
Debt / Equity
FFWM
FFWM
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
FFWM
FFWM
MSS
MSS
Operating Cash FlowLast quarter
$-31.9M
$-1.7M
Free Cash FlowOCF − Capex
$-35.2M
FCF MarginFCF / Revenue
-72.8%
Capex IntensityCapex / Revenue
6.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-45.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FFWM
FFWM
MSS
MSS
Q4 25
$-31.9M
$-1.7M
Q3 25
$9.2M
$1.1M
Q2 25
$-16.3M
$-1.6M
Q1 25
$-552.0K
$1.7M
Q4 24
$-8.7M
$1.1M
Q3 24
$14.2M
$3.6M
Q2 24
$-9.1M
$-2.6M
Q1 24
$7.2M
$-1.4M
Free Cash Flow
FFWM
FFWM
MSS
MSS
Q4 25
$-35.2M
Q3 25
$8.6M
Q2 25
$-16.7M
Q1 25
$-2.5M
Q4 24
$-11.4M
Q3 24
$13.4M
Q2 24
$-9.4M
Q1 24
$5.9M
FCF Margin
FFWM
FFWM
MSS
MSS
Q4 25
-72.8%
Q3 25
13.5%
Q2 25
-32.4%
Q1 25
-3.5%
Q4 24
-123.5%
Q3 24
146.2%
Q2 24
-16.3%
Q1 24
11.6%
Capex Intensity
FFWM
FFWM
MSS
MSS
Q4 25
6.9%
Q3 25
1.0%
Q2 25
0.8%
Q1 25
2.8%
Q4 24
29.4%
Q3 24
9.0%
Q2 24
0.4%
Q1 24
2.5%
Cash Conversion
FFWM
FFWM
MSS
MSS
Q4 25
Q3 25
Q2 25
Q1 25
-0.08×
1.66×
Q4 24
Q3 24
5.12×
Q2 24
-2.96×
Q1 24
9.09×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FFWM
FFWM

Segment breakdown not available.

MSS
MSS

Perishables$14.4M52%
Nonperishables$13.2M48%

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