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

Liquidia Corp is the larger business by last-quarter revenue ($92.0M vs $47.3M, roughly 1.9× Mama's Creations, Inc.). Liquidia Corp runs the higher net margin — 15.8% vs 1.1%, a 14.7% gap on every dollar of revenue. On growth, Liquidia Corp posted the faster year-over-year revenue change (3054.6% vs 50.0%). Liquidia Corp produced more free cash flow last quarter ($42.2M vs $3.7M).

Liquidia Corp is a late-stage biopharmaceutical firm focused on developing and commercializing innovative inhaled therapies for respiratory and rare diseases. It uses its proprietary PRINT particle engineering tech to create optimized drug products, with core markets in North America covering pulmonary arterial hypertension and asthma indications.

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.

LQDA vs MAMA — Head-to-Head

Bigger by revenue
LQDA
LQDA
1.9× larger
LQDA
$92.0M
$47.3M
MAMA
Growing faster (revenue YoY)
LQDA
LQDA
+3004.7% gap
LQDA
3054.6%
50.0%
MAMA
Higher net margin
LQDA
LQDA
14.7% more per $
LQDA
15.8%
1.1%
MAMA
More free cash flow
LQDA
LQDA
$38.5M more FCF
LQDA
$42.2M
$3.7M
MAMA

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
LQDA
LQDA
MAMA
MAMA
Revenue
$92.0M
$47.3M
Net Profit
$14.6M
$540.0K
Gross Margin
23.6%
Operating Margin
21.5%
1.7%
Net Margin
15.8%
1.1%
Revenue YoY
3054.6%
50.0%
Net Profit YoY
137.9%
31.7%
EPS (diluted)
$0.18
$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
LQDA
LQDA
MAMA
MAMA
Q4 25
$92.0M
$47.3M
Q3 25
$54.3M
$35.2M
Q2 25
$35.3M
Q1 25
$33.6M
Q4 24
$31.5M
Q3 24
$28.4M
Q2 24
$29.8M
Q1 24
$26.7M
Net Profit
LQDA
LQDA
MAMA
MAMA
Q4 25
$14.6M
$540.0K
Q3 25
$-3.5M
$1.3M
Q2 25
$1.2M
Q1 25
$1.6M
Q4 24
$410.0K
Q3 24
$1.1M
Q2 24
$553.0K
Q1 24
$1.4M
Gross Margin
LQDA
LQDA
MAMA
MAMA
Q4 25
23.6%
Q3 25
24.9%
Q2 25
26.1%
Q1 25
27.0%
Q4 24
22.6%
Q3 24
24.2%
Q2 24
25.0%
Q1 24
29.3%
Operating Margin
LQDA
LQDA
MAMA
MAMA
Q4 25
21.5%
1.7%
Q3 25
3.3%
4.8%
Q2 25
4.5%
Q1 25
5.7%
Q4 24
1.8%
Q3 24
5.7%
Q2 24
2.6%
Q1 24
7.4%
Net Margin
LQDA
LQDA
MAMA
MAMA
Q4 25
15.8%
1.1%
Q3 25
-6.5%
3.6%
Q2 25
3.5%
Q1 25
4.8%
Q4 24
1.3%
Q3 24
4.0%
Q2 24
1.9%
Q1 24
5.3%
EPS (diluted)
LQDA
LQDA
MAMA
MAMA
Q4 25
$0.18
$0.01
Q3 25
$-0.04
$0.03
Q2 25
$0.03
Q1 25
$0.04
Q4 24
$0.01
Q3 24
$0.03
Q2 24
$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
LQDA
LQDA
MAMA
MAMA
Cash + ST InvestmentsLiquidity on hand
$190.7M
$18.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$44.7M
$49.6M
Total Assets
$327.9M
$84.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LQDA
LQDA
MAMA
MAMA
Q4 25
$190.7M
$18.1M
Q3 25
$157.5M
$9.4M
Q2 25
$12.0M
Q1 25
$7.2M
Q4 24
$9.3M
Q3 24
$7.4M
Q2 24
$13.0M
Q1 24
$11.0M
Stockholders' Equity
LQDA
LQDA
MAMA
MAMA
Q4 25
$44.7M
$49.6M
Q3 25
$22.1M
$29.6M
Q2 25
$26.4M
Q1 25
$24.9M
Q4 24
$23.0M
Q3 24
$22.3M
Q2 24
$20.3M
Q1 24
$19.6M
Total Assets
LQDA
LQDA
MAMA
MAMA
Q4 25
$327.9M
$84.0M
Q3 25
$276.0M
$51.2M
Q2 25
$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
LQDA
LQDA
MAMA
MAMA
Operating Cash FlowLast quarter
$44.2M
$3.9M
Free Cash FlowOCF − Capex
$42.2M
$3.7M
FCF MarginFCF / Revenue
45.9%
7.8%
Capex IntensityCapex / Revenue
2.2%
0.4%
Cash ConversionOCF / Net Profit
3.04×
7.16×
TTM Free Cash FlowTrailing 4 quarters
$6.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LQDA
LQDA
MAMA
MAMA
Q4 25
$44.2M
$3.9M
Q3 25
$-9.8M
$-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
LQDA
LQDA
MAMA
MAMA
Q4 25
$42.2M
$3.7M
Q3 25
$-10.7M
$-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
LQDA
LQDA
MAMA
MAMA
Q4 25
45.9%
7.8%
Q3 25
-19.7%
-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
LQDA
LQDA
MAMA
MAMA
Q4 25
2.2%
0.4%
Q3 25
1.7%
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
LQDA
LQDA
MAMA
MAMA
Q4 25
3.04×
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.

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