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Side-by-side financial comparison of IM Cannabis Corp. (IMCC) and MANNATECH INC (MTEX). Click either name above to swap in a different company.

MANNATECH INC is the larger business by last-quarter revenue ($29.2M vs $9.3M, roughly 3.1× IM Cannabis Corp.). MANNATECH INC runs the higher net margin — 6.6% vs -1.5%, a 8.1% gap on every dollar of revenue. On growth, MANNATECH INC posted the faster year-over-year revenue change (-8.1% vs -13.9%).

IM Cannabis Corp is a global cannabis enterprise focused on the cultivation, production, distribution and retail of medical and adult-use cannabis products. It runs business across core markets including North America, the European Union and Israel, offering branded cannabis goods, wellness derivatives and related consumer products to medical patients and recreational users.

Mannatech Inc. is a publicly traded, multinational multi-level marketing firm that sells dietary supplements and personal care products. It was founded in November 1993 by Samuel Caster, and is headquartered in Flower Mound, Texas. The company's stock is traded on the NASDAQ exchange under the symbol MTEX. As of 2017, Mannatech employed 252 people and sold its products through some 220,000 independent sales associates.

IMCC vs MTEX — Head-to-Head

Bigger by revenue
MTEX
MTEX
3.1× larger
MTEX
$29.2M
$9.3M
IMCC
Growing faster (revenue YoY)
MTEX
MTEX
+5.8% gap
MTEX
-8.1%
-13.9%
IMCC
Higher net margin
MTEX
MTEX
8.1% more per $
MTEX
6.6%
-1.5%
IMCC

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
IMCC
IMCC
MTEX
MTEX
Revenue
$9.3M
$29.2M
Net Profit
$-141.6K
$1.9M
Gross Margin
27.0%
76.4%
Operating Margin
-2.8%
6.9%
Net Margin
-1.5%
6.6%
Revenue YoY
-13.9%
-8.1%
Net Profit YoY
94.4%
686.6%
EPS (diluted)
$1.01

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
IMCC
IMCC
MTEX
MTEX
Q3 25
$29.2M
Q2 25
$9.3M
Q1 25
$26.6M
Q4 24
$29.0M
Q3 24
$31.7M
Q2 24
$10.8M
$27.7M
Q1 24
$29.4M
Q4 23
$32.7M
Net Profit
IMCC
IMCC
MTEX
MTEX
Q3 25
$1.9M
Q2 25
$-141.6K
Q1 25
$-1.5M
Q4 24
$2.3M
Q3 24
$-328.0K
Q2 24
$-2.5M
$-624.0K
Q1 24
$1.2M
Q4 23
$-1.8M
Gross Margin
IMCC
IMCC
MTEX
MTEX
Q3 25
76.4%
Q2 25
27.0%
Q1 25
74.3%
Q4 24
80.6%
Q3 24
74.5%
Q2 24
5.7%
77.1%
Q1 24
78.6%
Q4 23
75.4%
Operating Margin
IMCC
IMCC
MTEX
MTEX
Q3 25
6.9%
Q2 25
-2.8%
Q1 25
-3.1%
Q4 24
3.0%
Q3 24
2.8%
Q2 24
-19.5%
-4.1%
Q1 24
2.8%
Q4 23
-2.7%
Net Margin
IMCC
IMCC
MTEX
MTEX
Q3 25
6.6%
Q2 25
-1.5%
Q1 25
-5.8%
Q4 24
7.8%
Q3 24
-1.0%
Q2 24
-23.4%
-2.2%
Q1 24
4.0%
Q4 23
-5.4%
EPS (diluted)
IMCC
IMCC
MTEX
MTEX
Q3 25
$1.01
Q2 25
Q1 25
$-0.80
Q4 24
$1.19
Q3 24
$-0.17
Q2 24
$-0.33
Q1 24
$0.63
Q4 23
$-0.94

Balance Sheet & Financial Strength

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

Metric
IMCC
IMCC
MTEX
MTEX
Cash + ST InvestmentsLiquidity on hand
$579.6K
$7.1M
Total DebtLower is stronger
$2.9M
Stockholders' EquityBook value
$3.0M
$7.0M
Total Assets
$30.0M
$33.9M
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IMCC
IMCC
MTEX
MTEX
Q3 25
$7.1M
Q2 25
$579.6K
Q1 25
$9.3M
Q4 24
$11.4M
Q3 24
$12.2M
Q2 24
$511.0K
$9.2M
Q1 24
$7.9M
Q4 23
$7.7M
Total Debt
IMCC
IMCC
MTEX
MTEX
Q3 25
$2.9M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23
Stockholders' Equity
IMCC
IMCC
MTEX
MTEX
Q3 25
$7.0M
Q2 25
$3.0M
Q1 25
$7.6M
Q4 24
$8.6M
Q3 24
$10.0M
Q2 24
$4.0M
$8.2M
Q1 24
$10.4M
Q4 23
$10.5M
Total Assets
IMCC
IMCC
MTEX
MTEX
Q3 25
$33.9M
Q2 25
$30.0M
Q1 25
$36.7M
Q4 24
$36.1M
Q3 24
$40.6M
Q2 24
$29.4M
$39.9M
Q1 24
$41.1M
Q4 23
$41.2M
Debt / Equity
IMCC
IMCC
MTEX
MTEX
Q3 25
0.42×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23

Cash Flow & Capital Efficiency

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

Metric
IMCC
IMCC
MTEX
MTEX
Operating Cash FlowLast quarter
$-1.3M
Free Cash FlowOCF − Capex
$-2.0M
FCF MarginFCF / Revenue
-6.8%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
-0.68×
TTM Free Cash FlowTrailing 4 quarters
$-1.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IMCC
IMCC
MTEX
MTEX
Q3 25
$-1.3M
Q2 25
Q1 25
$-1.4M
Q4 24
$-219.0K
Q3 24
$3.3M
Q2 24
$-2.7M
Q1 24
$1.9M
Q4 23
$-1.3M
Free Cash Flow
IMCC
IMCC
MTEX
MTEX
Q3 25
$-2.0M
Q2 25
Q1 25
$-1.9M
Q4 24
$-325.0K
Q3 24
$3.0M
Q2 24
$-2.7M
Q1 24
$1.8M
Q4 23
$-1.5M
FCF Margin
IMCC
IMCC
MTEX
MTEX
Q3 25
-6.8%
Q2 25
Q1 25
-7.0%
Q4 24
-1.1%
Q3 24
9.5%
Q2 24
-9.9%
Q1 24
6.2%
Q4 23
-4.7%
Capex Intensity
IMCC
IMCC
MTEX
MTEX
Q3 25
2.4%
Q2 25
Q1 25
1.8%
Q4 24
0.4%
Q3 24
0.8%
Q2 24
0.3%
Q1 24
0.2%
Q4 23
0.6%
Cash Conversion
IMCC
IMCC
MTEX
MTEX
Q3 25
-0.68×
Q2 25
Q1 25
Q4 24
-0.10×
Q3 24
Q2 24
Q1 24
1.59×
Q4 23

Financial Flow Comparison

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

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