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Side-by-side financial comparison of Mama's Creations, Inc. (MAMA) and NELNET INC (NNI). 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 $33.5M, roughly 1.4× NELNET INC). NELNET INC runs the higher net margin — 172.3% vs 1.1%, a 171.1% gap on every dollar of revenue. On growth, NELNET INC posted the faster year-over-year revenue change (79.6% vs 50.0%). NELNET INC produced more free cash flow last quarter ($396.7M vs $3.7M). Over the past eight quarters, NELNET INC's revenue compounded faster (62.0% CAGR vs 33.0%).

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.

Nelnet, Inc. is a United States–based conglomerate that primarily focuses on financial services including student and consumer loan origination and servicing. Additionally, the company operates an investing arm, an internet bank and has a 26% stake in Allo Fiber, a cable and internet provider. The company is headquartered in Lincoln, Nebraska.

MAMA vs NNI — Head-to-Head

Bigger by revenue
MAMA
MAMA
1.4× larger
MAMA
$47.3M
$33.5M
NNI
Growing faster (revenue YoY)
NNI
NNI
+29.7% gap
NNI
79.6%
50.0%
MAMA
Higher net margin
NNI
NNI
171.1% more per $
NNI
172.3%
1.1%
MAMA
More free cash flow
NNI
NNI
$393.1M more FCF
NNI
$396.7M
$3.7M
MAMA
Faster 2-yr revenue CAGR
NNI
NNI
Annualised
NNI
62.0%
33.0%
MAMA

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
MAMA
MAMA
NNI
NNI
Revenue
$47.3M
$33.5M
Net Profit
$540.0K
$57.8M
Gross Margin
23.6%
50.5%
Operating Margin
1.7%
Net Margin
1.1%
172.3%
Revenue YoY
50.0%
79.6%
Net Profit YoY
31.7%
-8.5%
EPS (diluted)
$0.01
$1.62

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
NNI
NNI
Q4 25
$47.3M
$33.5M
Q3 25
$35.2M
$23.2M
Q2 25
$35.3M
$26.1M
Q1 25
$33.6M
$24.7M
Q4 24
$31.5M
$18.7M
Q3 24
$28.4M
$16.6M
Q2 24
$29.8M
$14.9M
Q1 24
$26.7M
$12.8M
Net Profit
MAMA
MAMA
NNI
NNI
Q4 25
$540.0K
$57.8M
Q3 25
$1.3M
$106.7M
Q2 25
$1.2M
$181.5M
Q1 25
$1.6M
$82.6M
Q4 24
$410.0K
$63.2M
Q3 24
$1.1M
$2.4M
Q2 24
$553.0K
$45.1M
Q1 24
$1.4M
$73.4M
Gross Margin
MAMA
MAMA
NNI
NNI
Q4 25
23.6%
50.5%
Q3 25
24.9%
29.6%
Q2 25
26.1%
29.8%
Q1 25
27.0%
30.5%
Q4 24
22.6%
13.7%
Q3 24
24.2%
0.1%
Q2 24
25.0%
27.3%
Q1 24
29.3%
15.3%
Operating Margin
MAMA
MAMA
NNI
NNI
Q4 25
1.7%
Q3 25
4.8%
Q2 25
4.5%
Q1 25
5.7%
Q4 24
1.8%
97.7%
Q3 24
5.7%
-13.4%
Q2 24
2.6%
88.0%
Q1 24
7.4%
Net Margin
MAMA
MAMA
NNI
NNI
Q4 25
1.1%
172.3%
Q3 25
3.6%
460.5%
Q2 25
3.5%
694.9%
Q1 25
4.8%
334.4%
Q4 24
1.3%
338.2%
Q3 24
4.0%
14.4%
Q2 24
1.9%
303.6%
Q1 24
5.3%
574.4%
EPS (diluted)
MAMA
MAMA
NNI
NNI
Q4 25
$0.01
$1.62
Q3 25
$0.03
$2.94
Q2 25
$0.03
$4.97
Q1 25
$0.04
$2.26
Q4 24
$0.01
$1.74
Q3 24
$0.03
$0.07
Q2 24
$0.01
$1.23
Q1 24
$0.03
$1.98

Balance Sheet & Financial Strength

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

Metric
MAMA
MAMA
NNI
NNI
Cash + ST InvestmentsLiquidity on hand
$18.1M
$296.0M
Total DebtLower is stronger
$7.8B
Stockholders' EquityBook value
$49.6M
$3.7B
Total Assets
$84.0M
$14.1B
Debt / EquityLower = less leverage
2.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAMA
MAMA
NNI
NNI
Q4 25
$18.1M
$296.0M
Q3 25
$9.4M
$216.4M
Q2 25
$12.0M
$225.8M
Q1 25
$7.2M
$220.5M
Q4 24
$9.3M
$194.5M
Q3 24
$7.4M
$219.7M
Q2 24
$13.0M
$145.5M
Q1 24
$11.0M
$179.7M
Total Debt
MAMA
MAMA
NNI
NNI
Q4 25
$7.8B
Q3 25
$7.8B
Q2 25
$7.9B
Q1 25
$8.7B
Q4 24
$8.3B
Q3 24
$8.9B
Q2 24
$9.6B
Q1 24
$10.6B
Stockholders' Equity
MAMA
MAMA
NNI
NNI
Q4 25
$49.6M
$3.7B
Q3 25
$29.6M
$3.7B
Q2 25
$26.4M
$3.6B
Q1 25
$24.9M
$3.4B
Q4 24
$23.0M
$3.3B
Q3 24
$22.3M
$3.3B
Q2 24
$20.3M
$3.3B
Q1 24
$19.6M
$3.3B
Total Assets
MAMA
MAMA
NNI
NNI
Q4 25
$84.0M
$14.1B
Q3 25
$51.2M
$13.9B
Q2 25
$52.7M
$13.7B
Q1 25
$47.1M
$14.2B
Q4 24
$47.9M
$13.8B
Q3 24
$43.0M
$14.1B
Q2 24
$47.2M
$14.5B
Q1 24
$45.1M
$15.4B
Debt / Equity
MAMA
MAMA
NNI
NNI
Q4 25
2.11×
Q3 25
2.14×
Q2 25
2.21×
Q1 25
2.53×
Q4 24
2.48×
Q3 24
2.72×
Q2 24
2.90×
Q1 24
3.20×

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
NNI
NNI
Operating Cash FlowLast quarter
$3.9M
$423.0M
Free Cash FlowOCF − Capex
$3.7M
$396.7M
FCF MarginFCF / Revenue
7.8%
1183.0%
Capex IntensityCapex / Revenue
0.4%
78.2%
Cash ConversionOCF / Net Profit
7.16×
7.32×
TTM Free Cash FlowTrailing 4 quarters
$6.0M
$663.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAMA
MAMA
NNI
NNI
Q4 25
$3.9M
$423.0M
Q3 25
$-1.7M
$112.4M
Q2 25
$6.0M
$81.8M
Q1 25
$-857.0K
$91.2M
Q4 24
$4.8M
$662.9M
Q3 24
$-2.4M
$137.0M
Q2 24
$3.6M
$133.8M
Q1 24
$6.7M
$211.6M
Free Cash Flow
MAMA
MAMA
NNI
NNI
Q4 25
$3.7M
$396.7M
Q3 25
$-2.2M
$100.8M
Q2 25
$5.5M
$78.1M
Q1 25
$-930.0K
$87.8M
Q4 24
$2.5M
$642.0M
Q3 24
$-4.0M
$132.6M
Q2 24
$2.5M
$123.1M
Q1 24
$6.6M
$188.3M
FCF Margin
MAMA
MAMA
NNI
NNI
Q4 25
7.8%
1183.0%
Q3 25
-6.2%
435.0%
Q2 25
15.5%
299.0%
Q1 25
-2.8%
355.6%
Q4 24
8.0%
3438.0%
Q3 24
-14.1%
797.9%
Q2 24
8.4%
829.2%
Q1 24
24.8%
1473.7%
Capex Intensity
MAMA
MAMA
NNI
NNI
Q4 25
0.4%
78.2%
Q3 25
1.5%
50.4%
Q2 25
1.5%
14.2%
Q1 25
0.2%
13.7%
Q4 24
7.2%
111.9%
Q3 24
5.6%
26.7%
Q2 24
3.8%
71.5%
Q1 24
0.4%
181.7%
Cash Conversion
MAMA
MAMA
NNI
NNI
Q4 25
7.16×
7.32×
Q3 25
-1.31×
1.05×
Q2 25
4.85×
0.45×
Q1 25
-0.54×
1.10×
Q4 24
11.71×
10.50×
Q3 24
-2.10×
57.39×
Q2 24
6.58×
2.97×
Q1 24
4.79×
2.88×

Financial Flow Comparison

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

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