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Side-by-side financial comparison of Mama's Creations, Inc. (MAMA) and Multi Ways Holdings Ltd (MWG). 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 $31.1M, roughly 1.5× Multi Ways Holdings Ltd). Mama's Creations, Inc. runs the higher net margin — 1.1% vs -9.2%, a 10.3% gap on every dollar of revenue. Mama's Creations, Inc. produced more free cash flow last quarter ($3.7M vs $-13.5M).

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.

Multi Ways Holdings Limited is a Hong Kong-headquartered integrated logistics service provider, offering freight forwarding, warehousing management, customs brokerage, and end-to-end supply chain solutions. It mainly serves clients in manufacturing, retail and e-commerce segments, with core markets spanning Greater China, Southeast Asia and North America.

MAMA vs MWG — Head-to-Head

Bigger by revenue
MAMA
MAMA
1.5× larger
MAMA
$47.3M
$31.1M
MWG
Higher net margin
MAMA
MAMA
10.3% more per $
MAMA
1.1%
-9.2%
MWG
More free cash flow
MAMA
MAMA
$17.2M more FCF
MAMA
$3.7M
$-13.5M
MWG

Income Statement — Q3 FY2026 vs Q4 FY2024

Metric
MAMA
MAMA
MWG
MWG
Revenue
$47.3M
$31.1M
Net Profit
$540.0K
$-2.9M
Gross Margin
23.6%
31.3%
Operating Margin
1.7%
-6.2%
Net Margin
1.1%
-9.2%
Revenue YoY
50.0%
Net Profit YoY
31.7%
EPS (diluted)
$0.01
$-0.09

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
MWG
MWG
Q4 25
$47.3M
Q3 25
$35.2M
Q2 25
$35.3M
Q1 25
$33.6M
Q4 24
$31.5M
$31.1M
Q3 24
$28.4M
Q2 24
$29.8M
Q1 24
$26.7M
Net Profit
MAMA
MAMA
MWG
MWG
Q4 25
$540.0K
Q3 25
$1.3M
Q2 25
$1.2M
Q1 25
$1.6M
Q4 24
$410.0K
$-2.9M
Q3 24
$1.1M
Q2 24
$553.0K
Q1 24
$1.4M
Gross Margin
MAMA
MAMA
MWG
MWG
Q4 25
23.6%
Q3 25
24.9%
Q2 25
26.1%
Q1 25
27.0%
Q4 24
22.6%
31.3%
Q3 24
24.2%
Q2 24
25.0%
Q1 24
29.3%
Operating Margin
MAMA
MAMA
MWG
MWG
Q4 25
1.7%
Q3 25
4.8%
Q2 25
4.5%
Q1 25
5.7%
Q4 24
1.8%
-6.2%
Q3 24
5.7%
Q2 24
2.6%
Q1 24
7.4%
Net Margin
MAMA
MAMA
MWG
MWG
Q4 25
1.1%
Q3 25
3.6%
Q2 25
3.5%
Q1 25
4.8%
Q4 24
1.3%
-9.2%
Q3 24
4.0%
Q2 24
1.9%
Q1 24
5.3%
EPS (diluted)
MAMA
MAMA
MWG
MWG
Q4 25
$0.01
Q3 25
$0.03
Q2 25
$0.03
Q1 25
$0.04
Q4 24
$0.01
$-0.09
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
MAMA
MAMA
MWG
MWG
Cash + ST InvestmentsLiquidity on hand
$18.1M
$3.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$49.6M
$20.1M
Total Assets
$84.0M
$69.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAMA
MAMA
MWG
MWG
Q4 25
$18.1M
Q3 25
$9.4M
Q2 25
$12.0M
Q1 25
$7.2M
Q4 24
$9.3M
$3.3M
Q3 24
$7.4M
Q2 24
$13.0M
Q1 24
$11.0M
Stockholders' Equity
MAMA
MAMA
MWG
MWG
Q4 25
$49.6M
Q3 25
$29.6M
Q2 25
$26.4M
Q1 25
$24.9M
Q4 24
$23.0M
$20.1M
Q3 24
$22.3M
Q2 24
$20.3M
Q1 24
$19.6M
Total Assets
MAMA
MAMA
MWG
MWG
Q4 25
$84.0M
Q3 25
$51.2M
Q2 25
$52.7M
Q1 25
$47.1M
Q4 24
$47.9M
$69.6M
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
MAMA
MAMA
MWG
MWG
Operating Cash FlowLast quarter
$3.9M
$-12.9M
Free Cash FlowOCF − Capex
$3.7M
$-13.5M
FCF MarginFCF / Revenue
7.8%
-43.5%
Capex IntensityCapex / Revenue
0.4%
1.9%
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
MWG
MWG
Q4 25
$3.9M
Q3 25
$-1.7M
Q2 25
$6.0M
Q1 25
$-857.0K
Q4 24
$4.8M
$-12.9M
Q3 24
$-2.4M
Q2 24
$3.6M
Q1 24
$6.7M
Free Cash Flow
MAMA
MAMA
MWG
MWG
Q4 25
$3.7M
Q3 25
$-2.2M
Q2 25
$5.5M
Q1 25
$-930.0K
Q4 24
$2.5M
$-13.5M
Q3 24
$-4.0M
Q2 24
$2.5M
Q1 24
$6.6M
FCF Margin
MAMA
MAMA
MWG
MWG
Q4 25
7.8%
Q3 25
-6.2%
Q2 25
15.5%
Q1 25
-2.8%
Q4 24
8.0%
-43.5%
Q3 24
-14.1%
Q2 24
8.4%
Q1 24
24.8%
Capex Intensity
MAMA
MAMA
MWG
MWG
Q4 25
0.4%
Q3 25
1.5%
Q2 25
1.5%
Q1 25
0.2%
Q4 24
7.2%
1.9%
Q3 24
5.6%
Q2 24
3.8%
Q1 24
0.4%
Cash Conversion
MAMA
MAMA
MWG
MWG
Q4 25
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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