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

Midland States Bancorp, Inc. is the larger business by last-quarter revenue ($79.5M vs $47.3M, roughly 1.7× Mama's Creations, Inc.). Midland States Bancorp, Inc. runs the higher net margin — 23.2% vs 1.1%, a 22.1% gap on every dollar of revenue. Over the past eight quarters, Mama's Creations, Inc.'s revenue compounded faster (33.0% CAGR vs -6.4%).

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.

Rainier Bancorporation was the Seattle-based parent corporation of Rainier National Bank, a Washington state bank with branches throughout the state. Rainier traced its roots back to the National Bank of Commerce, which was founded by Richard Holyoke in 1889. The name Rainier National Bank was adopted in 1974. Rainier Bancorp expanded into Alaska with the purchase of Anchorage's People's Bank & Trust in 1983 and into Oregon with the purchase of Gresham's Mount Hood Security Bank in 1986, expa...

MAMA vs MSBI — Head-to-Head

Bigger by revenue
MSBI
MSBI
1.7× larger
MSBI
$79.5M
$47.3M
MAMA
Higher net margin
MSBI
MSBI
22.1% more per $
MSBI
23.2%
1.1%
MAMA
Faster 2-yr revenue CAGR
MAMA
MAMA
Annualised
MAMA
33.0%
-6.4%
MSBI

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
MAMA
MAMA
MSBI
MSBI
Revenue
$47.3M
$79.5M
Net Profit
$540.0K
$18.5M
Gross Margin
23.6%
Operating Margin
1.7%
Net Margin
1.1%
23.2%
Revenue YoY
50.0%
Net Profit YoY
31.7%
739.3%
EPS (diluted)
$0.01
$0.74

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
MAMA
MAMA
MSBI
MSBI
Q1 26
$79.5M
Q4 25
$47.3M
$85.6M
Q3 25
$35.2M
$81.1M
Q2 25
$35.3M
$82.2M
Q1 25
$33.6M
$76.1M
Q4 24
$31.5M
$93.9M
Q3 24
$28.4M
$92.7M
Q2 24
$29.8M
$90.9M
Net Profit
MAMA
MAMA
MSBI
MSBI
Q1 26
$18.5M
Q4 25
$540.0K
$-2.9M
Q3 25
$1.3M
$7.6M
Q2 25
$1.2M
$12.0M
Q1 25
$1.6M
$-141.0M
Q4 24
$410.0K
$-30.8M
Q3 24
$1.1M
$20.4M
Q2 24
$553.0K
$25.7M
Gross Margin
MAMA
MAMA
MSBI
MSBI
Q1 26
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%
Operating Margin
MAMA
MAMA
MSBI
MSBI
Q1 26
Q4 25
1.7%
-5.5%
Q3 25
4.8%
13.9%
Q2 25
4.5%
18.1%
Q1 25
5.7%
-181.2%
Q4 24
1.8%
-66.5%
Q3 24
5.7%
26.9%
Q2 24
2.6%
35.0%
Net Margin
MAMA
MAMA
MSBI
MSBI
Q1 26
23.2%
Q4 25
1.1%
-4.9%
Q3 25
3.6%
9.3%
Q2 25
3.5%
14.6%
Q1 25
4.8%
-185.4%
Q4 24
1.3%
-52.5%
Q3 24
4.0%
22.1%
Q2 24
1.9%
28.3%
EPS (diluted)
MAMA
MAMA
MSBI
MSBI
Q1 26
$0.74
Q4 25
$0.01
$-0.22
Q3 25
$0.03
$0.24
Q2 25
$0.03
$0.44
Q1 25
$0.04
$-6.58
Q4 24
$0.01
$-1.49
Q3 24
$0.03
$0.83
Q2 24
$0.01
$1.06

Balance Sheet & Financial Strength

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

Metric
MAMA
MAMA
MSBI
MSBI
Cash + ST InvestmentsLiquidity on hand
$18.1M
$89.4M
Total DebtLower is stronger
$33.2M
Stockholders' EquityBook value
$49.6M
$569.5M
Total Assets
$84.0M
$6.5B
Debt / EquityLower = less leverage
0.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAMA
MAMA
MSBI
MSBI
Q1 26
$89.4M
Q4 25
$18.1M
$127.8M
Q3 25
$9.4M
$166.1M
Q2 25
$12.0M
$176.6M
Q1 25
$7.2M
$102.0M
Q4 24
$9.3M
$114.8M
Q3 24
$7.4M
$121.9M
Q2 24
$13.0M
$124.6M
Total Debt
MAMA
MAMA
MSBI
MSBI
Q1 26
$33.2M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
MAMA
MAMA
MSBI
MSBI
Q1 26
$569.5M
Q4 25
$49.6M
$565.5M
Q3 25
$29.6M
$584.0M
Q2 25
$26.4M
$573.7M
Q1 25
$24.9M
$571.4M
Q4 24
$23.0M
$710.8M
Q3 24
$22.3M
$771.2M
Q2 24
$20.3M
$736.8M
Total Assets
MAMA
MAMA
MSBI
MSBI
Q1 26
$6.5B
Q4 25
$84.0M
$6.5B
Q3 25
$51.2M
$6.9B
Q2 25
$52.7M
$7.1B
Q1 25
$47.1M
$7.3B
Q4 24
$47.9M
$7.5B
Q3 24
$43.0M
$7.7B
Q2 24
$47.2M
$7.7B
Debt / Equity
MAMA
MAMA
MSBI
MSBI
Q1 26
0.06×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
MAMA
MAMA
MSBI
MSBI
Operating Cash FlowLast quarter
$3.9M
Free Cash FlowOCF − Capex
$3.7M
FCF MarginFCF / Revenue
7.8%
Capex IntensityCapex / Revenue
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
MAMA
MAMA
MSBI
MSBI
Q1 26
Q4 25
$3.9M
$125.7M
Q3 25
$-1.7M
$80.0M
Q2 25
$6.0M
$28.1M
Q1 25
$-857.0K
$24.7M
Q4 24
$4.8M
$176.5M
Q3 24
$-2.4M
$46.5M
Q2 24
$3.6M
$31.4M
Free Cash Flow
MAMA
MAMA
MSBI
MSBI
Q1 26
Q4 25
$3.7M
$120.3M
Q3 25
$-2.2M
$78.6M
Q2 25
$5.5M
$26.7M
Q1 25
$-930.0K
$22.9M
Q4 24
$2.5M
$169.6M
Q3 24
$-4.0M
$44.4M
Q2 24
$2.5M
$29.9M
FCF Margin
MAMA
MAMA
MSBI
MSBI
Q1 26
Q4 25
7.8%
140.6%
Q3 25
-6.2%
96.9%
Q2 25
15.5%
32.4%
Q1 25
-2.8%
30.1%
Q4 24
8.0%
180.6%
Q3 24
-14.1%
47.9%
Q2 24
8.4%
32.9%
Capex Intensity
MAMA
MAMA
MSBI
MSBI
Q1 26
Q4 25
0.4%
6.2%
Q3 25
1.5%
1.7%
Q2 25
1.5%
1.7%
Q1 25
0.2%
2.4%
Q4 24
7.2%
7.3%
Q3 24
5.6%
2.3%
Q2 24
3.8%
1.7%
Cash Conversion
MAMA
MAMA
MSBI
MSBI
Q1 26
Q4 25
7.16×
Q3 25
-1.31×
10.58×
Q2 25
4.85×
2.33×
Q1 25
-0.54×
Q4 24
11.71×
Q3 24
-2.10×
2.28×
Q2 24
6.58×
1.22×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MAMA
MAMA

Segment breakdown not available.

MSBI
MSBI

Net Interest Income$57.4M72%
Noninterest Income$22.1M28%

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