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Side-by-side financial comparison of HERON THERAPEUTICS, INC. (HRTX) 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 $40.6M, roughly 1.2× HERON THERAPEUTICS, INC.). Mama's Creations, Inc. runs the higher net margin — 1.1% vs -7.3%, a 8.4% gap on every dollar of revenue. On growth, Mama's Creations, Inc. posted the faster year-over-year revenue change (50.0% vs -0.5%). Over the past eight quarters, Mama's Creations, Inc.'s revenue compounded faster (33.0% CAGR vs 8.2%).

Antibe Therapeutics was a Toronto-based pharmaceutical company that develops pain and inflammation-reducing drugs based on gaseous mediator technology. Antibe was founded by John L. Wallace, also a co-founder of NicOx, the first company to develop drugs utilizing gaseous mediators. Founded in 2009, the company listed on the TSX Venture Exchange in 2013 and was moved to the Toronto Stock Exchange in November 2020. In 2015, Antibe acquired Citagenix, a distributor involved in regenerative medic...

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.

HRTX vs MAMA — Head-to-Head

Bigger by revenue
MAMA
MAMA
1.2× larger
MAMA
$47.3M
$40.6M
HRTX
Growing faster (revenue YoY)
MAMA
MAMA
+50.4% gap
MAMA
50.0%
-0.5%
HRTX
Higher net margin
MAMA
MAMA
8.4% more per $
MAMA
1.1%
-7.3%
HRTX
Faster 2-yr revenue CAGR
MAMA
MAMA
Annualised
MAMA
33.0%
8.2%
HRTX

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
HRTX
HRTX
MAMA
MAMA
Revenue
$40.6M
$47.3M
Net Profit
$-3.0M
$540.0K
Gross Margin
72.6%
23.6%
Operating Margin
0.1%
1.7%
Net Margin
-7.3%
1.1%
Revenue YoY
-0.5%
50.0%
Net Profit YoY
-180.6%
31.7%
EPS (diluted)
$-0.01
$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
HRTX
HRTX
MAMA
MAMA
Q4 25
$40.6M
$47.3M
Q3 25
$38.2M
$35.2M
Q2 25
$37.2M
$35.3M
Q1 25
$38.9M
$33.6M
Q4 24
$40.8M
$31.5M
Q3 24
$32.8M
$28.4M
Q2 24
$36.0M
$29.8M
Q1 24
$34.7M
$26.7M
Net Profit
HRTX
HRTX
MAMA
MAMA
Q4 25
$-3.0M
$540.0K
Q3 25
$-17.5M
$1.3M
Q2 25
$-2.4M
$1.2M
Q1 25
$2.6M
$1.6M
Q4 24
$3.7M
$410.0K
Q3 24
$-4.8M
$1.1M
Q2 24
$-9.2M
$553.0K
Q1 24
$-3.2M
$1.4M
Gross Margin
HRTX
HRTX
MAMA
MAMA
Q4 25
72.6%
23.6%
Q3 25
68.8%
24.9%
Q2 25
73.5%
26.1%
Q1 25
78.3%
27.0%
Q4 24
74.9%
22.6%
Q3 24
71.2%
24.2%
Q2 24
70.8%
25.0%
Q1 24
75.6%
29.3%
Operating Margin
HRTX
HRTX
MAMA
MAMA
Q4 25
0.1%
1.7%
Q3 25
-10.7%
4.8%
Q2 25
-4.4%
4.5%
Q1 25
8.1%
5.7%
Q4 24
10.2%
1.8%
Q3 24
-13.6%
5.7%
Q2 24
-17.9%
2.6%
Q1 24
-13.8%
7.4%
Net Margin
HRTX
HRTX
MAMA
MAMA
Q4 25
-7.3%
1.1%
Q3 25
-45.8%
3.6%
Q2 25
-6.4%
3.5%
Q1 25
6.8%
4.8%
Q4 24
9.0%
1.3%
Q3 24
-14.8%
4.0%
Q2 24
-25.6%
1.9%
Q1 24
-9.1%
5.3%
EPS (diluted)
HRTX
HRTX
MAMA
MAMA
Q4 25
$-0.01
$0.01
Q3 25
$-0.10
$0.03
Q2 25
$-0.02
$0.03
Q1 25
$0.01
$0.04
Q4 24
$0.02
$0.01
Q3 24
$-0.03
$0.03
Q2 24
$-0.06
$0.01
Q1 24
$-0.02
$0.03

Balance Sheet & Financial Strength

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

Metric
HRTX
HRTX
MAMA
MAMA
Cash + ST InvestmentsLiquidity on hand
$28.6M
$18.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$14.3M
$49.6M
Total Assets
$255.9M
$84.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HRTX
HRTX
MAMA
MAMA
Q4 25
$28.6M
$18.1M
Q3 25
$43.1M
$9.4M
Q2 25
$16.5M
$12.0M
Q1 25
$19.3M
$7.2M
Q4 24
$25.8M
$9.3M
Q3 24
$25.7M
$7.4M
Q2 24
$18.4M
$13.0M
Q1 24
$20.4M
$11.0M
Stockholders' Equity
HRTX
HRTX
MAMA
MAMA
Q4 25
$14.3M
$49.6M
Q3 25
$14.9M
$29.6M
Q2 25
$-27.3M
$26.4M
Q1 25
$-28.5M
$24.9M
Q4 24
$-33.7M
$23.0M
Q3 24
$-40.0M
$22.3M
Q2 24
$-37.9M
$20.3M
Q1 24
$-33.8M
$19.6M
Total Assets
HRTX
HRTX
MAMA
MAMA
Q4 25
$255.9M
$84.0M
Q3 25
$248.9M
$51.2M
Q2 25
$232.1M
$52.7M
Q1 25
$235.8M
$47.1M
Q4 24
$233.1M
$47.9M
Q3 24
$220.8M
$43.0M
Q2 24
$218.1M
$47.2M
Q1 24
$217.9M
$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
HRTX
HRTX
MAMA
MAMA
Operating Cash FlowLast quarter
$-9.2M
$3.9M
Free Cash FlowOCF − Capex
$3.7M
FCF MarginFCF / Revenue
7.8%
Capex IntensityCapex / Revenue
0.0%
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
HRTX
HRTX
MAMA
MAMA
Q4 25
$-9.2M
$3.9M
Q3 25
$1.3M
$-1.7M
Q2 25
$-10.9M
$6.0M
Q1 25
$-8.9M
$-857.0K
Q4 24
$-11.8M
$4.8M
Q3 24
$3.4M
$-2.4M
Q2 24
$-4.6M
$3.6M
Q1 24
$-9.5M
$6.7M
Free Cash Flow
HRTX
HRTX
MAMA
MAMA
Q4 25
$3.7M
Q3 25
$-2.2M
Q2 25
$-11.1M
$5.5M
Q1 25
$-9.0M
$-930.0K
Q4 24
$2.5M
Q3 24
$2.9M
$-4.0M
Q2 24
$2.5M
Q1 24
$6.6M
FCF Margin
HRTX
HRTX
MAMA
MAMA
Q4 25
7.8%
Q3 25
-6.2%
Q2 25
-29.8%
15.5%
Q1 25
-23.1%
-2.8%
Q4 24
8.0%
Q3 24
9.0%
-14.1%
Q2 24
8.4%
Q1 24
24.8%
Capex Intensity
HRTX
HRTX
MAMA
MAMA
Q4 25
0.0%
0.4%
Q3 25
0.0%
1.5%
Q2 25
0.6%
1.5%
Q1 25
0.3%
0.2%
Q4 24
7.2%
Q3 24
1.3%
5.6%
Q2 24
3.8%
Q1 24
0.4%
Cash Conversion
HRTX
HRTX
MAMA
MAMA
Q4 25
7.16×
Q3 25
-1.31×
Q2 25
4.85×
Q1 25
-3.37×
-0.54×
Q4 24
-3.22×
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

HRTX
HRTX

CINVANTI$22.9M56%
ZYNRELEF$12.5M31%
Aponvie$3.8M9%
SUSTOL$1.3M3%

MAMA
MAMA

Segment breakdown not available.

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