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Side-by-side financial comparison of Grove Collaborative Holdings, Inc. (GROV) and Maison Solutions Inc. (MSS). Click either name above to swap in a different company.

Grove Collaborative Holdings, Inc. is the larger business by last-quarter revenue ($42.4M vs $27.6M, roughly 1.5× Maison Solutions Inc.). Grove Collaborative Holdings, Inc. runs the higher net margin — -3.7% vs -18.0%, a 14.3% gap on every dollar of revenue. On growth, Maison Solutions Inc. posted the faster year-over-year revenue change (-10.9% vs -14.3%). Over the past eight quarters, Maison Solutions Inc.'s revenue compounded faster (42.5% CAGR vs -11.0%).

Grove Collaborative is a benefit corporation headquartered in San Francisco, with an additional office in Portland, Maine. The company makes and sells its own environmentally friendly home and personal care products under its Grove Co. brand, as well as products from other companies.

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.

GROV vs MSS — Head-to-Head

Bigger by revenue
GROV
GROV
1.5× larger
GROV
$42.4M
$27.6M
MSS
Growing faster (revenue YoY)
MSS
MSS
+3.4% gap
MSS
-10.9%
-14.3%
GROV
Higher net margin
GROV
GROV
14.3% more per $
GROV
-3.7%
-18.0%
MSS
Faster 2-yr revenue CAGR
MSS
MSS
Annualised
MSS
42.5%
-11.0%
GROV

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
GROV
GROV
MSS
MSS
Revenue
$42.4M
$27.6M
Net Profit
$-1.6M
$-5.0M
Gross Margin
53.0%
23.4%
Operating Margin
-3.7%
-4.9%
Net Margin
-3.7%
-18.0%
Revenue YoY
-14.3%
-10.9%
Net Profit YoY
87.5%
-1840.5%
EPS (diluted)
$-0.06
$-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
GROV
GROV
MSS
MSS
Q4 25
$42.4M
$27.6M
Q3 25
$43.7M
$27.2M
Q2 25
$44.0M
$34.4M
Q1 25
$43.5M
$32.3M
Q4 24
$49.5M
$29.4M
Q3 24
$48.3M
$28.2M
Q2 24
$52.1M
$16.9M
Q1 24
$53.5M
$13.6M
Net Profit
GROV
GROV
MSS
MSS
Q4 25
$-1.6M
$-5.0M
Q3 25
$-3.0M
$-1.5M
Q2 25
$-3.6M
$-287.4K
Q1 25
$-3.5M
$1.0M
Q4 24
$-12.6M
$-256.0K
Q3 24
$-1.3M
$700.9K
Q2 24
$-10.1M
$-2.8M
Q1 24
$-3.4M
$-549.0K
Gross Margin
GROV
GROV
MSS
MSS
Q4 25
53.0%
23.4%
Q3 25
53.3%
24.1%
Q2 25
55.4%
9.5%
Q1 25
53.0%
21.8%
Q4 24
52.4%
26.9%
Q3 24
53.0%
28.9%
Q2 24
53.9%
13.0%
Q1 24
55.5%
23.4%
Operating Margin
GROV
GROV
MSS
MSS
Q4 25
-3.7%
-4.9%
Q3 25
-6.2%
0.7%
Q2 25
-7.9%
-15.9%
Q1 25
-8.1%
3.7%
Q4 24
-16.8%
3.2%
Q3 24
-14.0%
7.3%
Q2 24
-13.3%
-14.4%
Q1 24
-1.0%
-2.3%
Net Margin
GROV
GROV
MSS
MSS
Q4 25
-3.7%
-18.0%
Q3 25
-6.8%
-5.7%
Q2 25
-8.2%
-0.8%
Q1 25
-8.1%
3.1%
Q4 24
-25.5%
-0.9%
Q3 24
-2.8%
2.5%
Q2 24
-19.3%
-16.4%
Q1 24
-6.3%
-4.0%
EPS (diluted)
GROV
GROV
MSS
MSS
Q4 25
$-0.06
$-0.23
Q3 25
$-0.08
$-0.08
Q2 25
$-0.10
$-0.02
Q1 25
$-0.10
$0.06
Q4 24
$-0.34
$-0.01
Q3 24
$-0.04
$0.04
Q2 24
$-0.28
$-0.16
Q1 24
$-0.10
$-0.03

Balance Sheet & Financial Strength

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

Metric
GROV
GROV
MSS
MSS
Cash + ST InvestmentsLiquidity on hand
$8.5M
Total DebtLower is stronger
$2.6M
Stockholders' EquityBook value
$-17.0M
$11.6M
Total Assets
$53.1M
$75.4M
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GROV
GROV
MSS
MSS
Q4 25
$8.5M
Q3 25
$8.9M
$1.1M
Q2 25
$10.0M
$775.4K
Q1 25
$9.6M
$445.4K
Q4 24
$19.6M
$355.7K
Q3 24
$50.8M
$588.9K
Q2 24
$78.8M
$2.1M
Q1 24
$77.8M
$9.4M
Total Debt
GROV
GROV
MSS
MSS
Q4 25
$2.6M
Q3 25
$2.6M
Q2 25
$2.6M
Q1 25
Q4 24
Q3 24
$32.2M
$2.5M
Q2 24
$2.6M
Q1 24
$2.6M
Stockholders' Equity
GROV
GROV
MSS
MSS
Q4 25
$-17.0M
$11.6M
Q3 25
$-16.1M
$10.1M
Q2 25
$-14.0M
$11.7M
Q1 25
$-11.6M
$12.0M
Q4 24
$-8.5M
$10.9M
Q3 24
$1.5M
$11.2M
Q2 24
$686.0K
$10.5M
Q1 24
$7.5M
$13.3M
Total Assets
GROV
GROV
MSS
MSS
Q4 25
$53.1M
$75.4M
Q3 25
$54.6M
$73.3M
Q2 25
$57.8M
$77.4M
Q1 25
$59.8M
$82.7M
Q4 24
$65.0M
$82.7M
Q3 24
$105.2M
$82.1M
Q2 24
$131.8M
$82.4M
Q1 24
$137.9M
$44.2M
Debt / Equity
GROV
GROV
MSS
MSS
Q4 25
0.22×
Q3 25
0.26×
Q2 25
0.22×
Q1 25
Q4 24
Q3 24
21.16×
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
GROV
GROV
MSS
MSS
Operating Cash FlowLast quarter
$-29.0K
$-1.7M
Free Cash FlowOCF − Capex
$-62.0K
FCF MarginFCF / Revenue
-0.1%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-8.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GROV
GROV
MSS
MSS
Q4 25
$-29.0K
$-1.7M
Q3 25
$-1.0M
$1.1M
Q2 25
$987.0K
$-1.6M
Q1 25
$-6.9M
$1.7M
Q4 24
$270.0K
$1.1M
Q3 24
$750.0K
$3.6M
Q2 24
$1.6M
$-2.6M
Q1 24
$-12.4M
$-1.4M
Free Cash Flow
GROV
GROV
MSS
MSS
Q4 25
$-62.0K
Q3 25
$-1.2M
Q2 25
$556.0K
Q1 25
$-7.4M
Q4 24
$-95.0K
Q3 24
$264.0K
Q2 24
$1.2M
Q1 24
$-12.9M
FCF Margin
GROV
GROV
MSS
MSS
Q4 25
-0.1%
Q3 25
-2.7%
Q2 25
1.3%
Q1 25
-17.0%
Q4 24
-0.2%
Q3 24
0.5%
Q2 24
2.3%
Q1 24
-24.1%
Capex Intensity
GROV
GROV
MSS
MSS
Q4 25
0.1%
Q3 25
0.4%
Q2 25
1.0%
Q1 25
1.2%
Q4 24
0.7%
Q3 24
1.0%
Q2 24
0.7%
Q1 24
1.0%
Cash Conversion
GROV
GROV
MSS
MSS
Q4 25
Q3 25
Q2 25
Q1 25
1.66×
Q4 24
Q3 24
5.12×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

GROV
GROV

Third Party Products$23.4M55%
Grove Brands$19.0M45%

MSS
MSS

Perishables$14.4M52%
Nonperishables$13.2M48%

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