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Side-by-side financial comparison of Firefly Aerospace Inc. (FLY) and Mama's Creations, Inc. (MAMA). Click either name above to swap in a different company.

Mama's Creations, Inc. is the larger business by last-quarter revenue ($47.3M vs $30.8M, roughly 1.5× Firefly Aerospace Inc.). Mama's Creations, Inc. runs the higher net margin — 1.1% vs -433.5%, a 434.6% gap on every dollar of revenue. On growth, Mama's Creations, Inc. posted the faster year-over-year revenue change (50.0% vs 37.6%). Mama's Creations, Inc. produced more free cash flow last quarter ($3.7M vs $-62.0M).

Firefly Aerospace, Inc. (Firefly) is an American aerospace firm based in Cedar Park, Texas. Firefly develops small- and medium-lift launch vehicles for commercial launches to orbit. Firefly's stated purpose is to increase access to space, similar to other private spaceflight companies.

Mama's Creations, Inc. is a U.S.-based food manufacturing enterprise that produces a wide portfolio of refrigerated ready-to-eat and heat-and-serve food products, including Italian-style meatballs, sausages, pasta dishes, and other prepared meals. It mainly distributes its offerings to grocery retailers, mass merchandisers and foodservice partners across the United States, focusing on convenient, high-quality comfort food for daily consumer demand.

FLY vs MAMA — Head-to-Head

Bigger by revenue
MAMA
MAMA
1.5× larger
MAMA
$47.3M
$30.8M
FLY
Growing faster (revenue YoY)
MAMA
MAMA
+12.4% gap
MAMA
50.0%
37.6%
FLY
Higher net margin
MAMA
MAMA
434.6% more per $
MAMA
1.1%
-433.5%
FLY
More free cash flow
MAMA
MAMA
$65.6M more FCF
MAMA
$3.7M
$-62.0M
FLY

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
FLY
FLY
MAMA
MAMA
Revenue
$30.8M
$47.3M
Net Profit
$-133.4M
$540.0K
Gross Margin
27.6%
23.6%
Operating Margin
-202.1%
1.7%
Net Margin
-433.5%
1.1%
Revenue YoY
37.6%
50.0%
Net Profit YoY
-227.1%
31.7%
EPS (diluted)
$-1.50
$0.01

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
FLY
FLY
MAMA
MAMA
Q4 25
$47.3M
Q3 25
$30.8M
$35.2M
Q2 25
$15.5M
$35.3M
Q1 25
$33.6M
Q4 24
$31.5M
Q3 24
$22.4M
$28.4M
Q2 24
$21.1M
$29.8M
Q1 24
$26.7M
Net Profit
FLY
FLY
MAMA
MAMA
Q4 25
$540.0K
Q3 25
$-133.4M
$1.3M
Q2 25
$-63.8M
$1.2M
Q1 25
$1.6M
Q4 24
$410.0K
Q3 24
$-40.8M
$1.1M
Q2 24
$-53.5M
$553.0K
Q1 24
$1.4M
Gross Margin
FLY
FLY
MAMA
MAMA
Q4 25
23.6%
Q3 25
27.6%
24.9%
Q2 25
25.7%
26.1%
Q1 25
27.0%
Q4 24
22.6%
Q3 24
34.7%
24.2%
Q2 24
14.0%
25.0%
Q1 24
29.3%
Operating Margin
FLY
FLY
MAMA
MAMA
Q4 25
1.7%
Q3 25
-202.1%
4.8%
Q2 25
-349.5%
4.5%
Q1 25
5.7%
Q4 24
1.8%
Q3 24
-152.9%
5.7%
Q2 24
-232.1%
2.6%
Q1 24
7.4%
Net Margin
FLY
FLY
MAMA
MAMA
Q4 25
1.1%
Q3 25
-433.5%
3.6%
Q2 25
-410.2%
3.5%
Q1 25
4.8%
Q4 24
1.3%
Q3 24
-182.3%
4.0%
Q2 24
-253.7%
1.9%
Q1 24
5.3%
EPS (diluted)
FLY
FLY
MAMA
MAMA
Q4 25
$0.01
Q3 25
$-1.50
$0.03
Q2 25
$-5.78
$0.03
Q1 25
$0.04
Q4 24
$0.01
Q3 24
$-3.57
$0.03
Q2 24
$-4.60
$0.01
Q1 24
$0.03

Balance Sheet & Financial Strength

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

Metric
FLY
FLY
MAMA
MAMA
Cash + ST InvestmentsLiquidity on hand
$995.2M
$18.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$948.8M
$49.6M
Total Assets
$1.3B
$84.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLY
FLY
MAMA
MAMA
Q4 25
$18.1M
Q3 25
$995.2M
$9.4M
Q2 25
$205.3M
$12.0M
Q1 25
$7.2M
Q4 24
$9.3M
Q3 24
$26.4M
$7.4M
Q2 24
$21.9M
$13.0M
Q1 24
$11.0M
Total Debt
FLY
FLY
MAMA
MAMA
Q4 25
Q3 25
Q2 25
$136.1M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FLY
FLY
MAMA
MAMA
Q4 25
$49.6M
Q3 25
$948.8M
$29.6M
Q2 25
$-918.0M
$26.4M
Q1 25
$24.9M
Q4 24
$23.0M
Q3 24
$-665.5M
$22.3M
Q2 24
$-620.0M
$20.3M
Q1 24
$19.6M
Total Assets
FLY
FLY
MAMA
MAMA
Q4 25
$84.0M
Q3 25
$1.3B
$51.2M
Q2 25
$466.8M
$52.7M
Q1 25
$47.1M
Q4 24
$47.9M
Q3 24
$43.0M
Q2 24
$47.2M
Q1 24
$45.1M

Cash Flow & Capital Efficiency

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

Metric
FLY
FLY
MAMA
MAMA
Operating Cash FlowLast quarter
$-53.0M
$3.9M
Free Cash FlowOCF − Capex
$-62.0M
$3.7M
FCF MarginFCF / Revenue
-201.3%
7.8%
Capex IntensityCapex / Revenue
29.0%
0.4%
Cash ConversionOCF / Net Profit
7.16×
TTM Free Cash FlowTrailing 4 quarters
$6.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLY
FLY
MAMA
MAMA
Q4 25
$3.9M
Q3 25
$-53.0M
$-1.7M
Q2 25
$6.0M
Q1 25
$-857.0K
Q4 24
$4.8M
Q3 24
$-2.4M
Q2 24
$3.6M
Q1 24
$6.7M
Free Cash Flow
FLY
FLY
MAMA
MAMA
Q4 25
$3.7M
Q3 25
$-62.0M
$-2.2M
Q2 25
$5.5M
Q1 25
$-930.0K
Q4 24
$2.5M
Q3 24
$-4.0M
Q2 24
$2.5M
Q1 24
$6.6M
FCF Margin
FLY
FLY
MAMA
MAMA
Q4 25
7.8%
Q3 25
-201.3%
-6.2%
Q2 25
15.5%
Q1 25
-2.8%
Q4 24
8.0%
Q3 24
-14.1%
Q2 24
8.4%
Q1 24
24.8%
Capex Intensity
FLY
FLY
MAMA
MAMA
Q4 25
0.4%
Q3 25
29.0%
1.5%
Q2 25
1.5%
Q1 25
0.2%
Q4 24
7.2%
Q3 24
5.6%
Q2 24
3.8%
Q1 24
0.4%
Cash Conversion
FLY
FLY
MAMA
MAMA
Q4 25
7.16×
Q3 25
-1.31×
Q2 25
4.85×
Q1 25
-0.54×
Q4 24
11.71×
Q3 24
-2.10×
Q2 24
6.58×
Q1 24
4.79×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FLY
FLY

Spacecraft Solutions Revenue$21.4M69%
Launch Revenue$9.4M31%

MAMA
MAMA

Segment breakdown not available.

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