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Side-by-side financial comparison of Mama's Creations, Inc. (MAMA) and System1, Inc. (SST). Click either name above to swap in a different company.

System1, Inc. is the larger business by last-quarter revenue ($51.9M vs $47.3M, roughly 1.1× Mama's Creations, Inc.). Mama's Creations, Inc. runs the higher net margin — 1.1% vs -26.0%, a 27.1% gap on every dollar of revenue. On growth, Mama's Creations, Inc. posted the faster year-over-year revenue change (50.0% vs -31.3%). Over the past eight quarters, Mama's Creations, Inc.'s revenue compounded faster (33.0% CAGR vs -21.8%).

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.

System1 is an American Internet advertising company. Formerly known as OpenMail, it was founded in 2013. It describes itself as operating a "Responsive Acquisition Marketing Platform", and cites privacy as one of its principal foci, although it has been criticized for its influence on privacy-focused properties, including search engine Startpage.com. It is headquartered in Marina del Rey, California.

MAMA vs SST — Head-to-Head

Bigger by revenue
SST
SST
1.1× larger
SST
$51.9M
$47.3M
MAMA
Growing faster (revenue YoY)
MAMA
MAMA
+81.2% gap
MAMA
50.0%
-31.3%
SST
Higher net margin
MAMA
MAMA
27.1% more per $
MAMA
1.1%
-26.0%
SST
Faster 2-yr revenue CAGR
MAMA
MAMA
Annualised
MAMA
33.0%
-21.8%
SST

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
MAMA
MAMA
SST
SST
Revenue
$47.3M
$51.9M
Net Profit
$540.0K
$-13.5M
Gross Margin
23.6%
41.0%
Operating Margin
1.7%
-33.6%
Net Margin
1.1%
-26.0%
Revenue YoY
50.0%
-31.3%
Net Profit YoY
31.7%
4.8%
EPS (diluted)
$0.01
$-3.58

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
SST
SST
Q4 25
$47.3M
$51.9M
Q3 25
$35.2M
$61.6M
Q2 25
$35.3M
$78.1M
Q1 25
$33.6M
$74.5M
Q4 24
$31.5M
$75.6M
Q3 24
$28.4M
$88.8M
Q2 24
$29.8M
$94.6M
Q1 24
$26.7M
$84.9M
Net Profit
MAMA
MAMA
SST
SST
Q4 25
$540.0K
$-13.5M
Q3 25
$1.3M
$-18.5M
Q2 25
$1.2M
$-17.5M
Q1 25
$1.6M
$-15.9M
Q4 24
$410.0K
$-14.2M
Q3 24
$1.1M
$-23.6M
Q2 24
$553.0K
$-26.4M
Q1 24
$1.4M
$-10.5M
Gross Margin
MAMA
MAMA
SST
SST
Q4 25
23.6%
41.0%
Q3 25
24.9%
36.9%
Q2 25
26.1%
35.7%
Q1 25
27.0%
38.2%
Q4 24
22.6%
42.1%
Q3 24
24.2%
28.0%
Q2 24
25.0%
27.6%
Q1 24
29.3%
21.9%
Operating Margin
MAMA
MAMA
SST
SST
Q4 25
1.7%
-33.6%
Q3 25
4.8%
-25.3%
Q2 25
4.5%
-20.4%
Q1 25
5.7%
-17.6%
Q4 24
1.8%
-15.7%
Q3 24
5.7%
-24.6%
Q2 24
2.6%
-30.8%
Q1 24
7.4%
-30.4%
Net Margin
MAMA
MAMA
SST
SST
Q4 25
1.1%
-26.0%
Q3 25
3.6%
-30.1%
Q2 25
3.5%
-22.4%
Q1 25
4.8%
-21.3%
Q4 24
1.3%
-18.7%
Q3 24
4.0%
-26.6%
Q2 24
1.9%
-27.9%
Q1 24
5.3%
-12.4%
EPS (diluted)
MAMA
MAMA
SST
SST
Q4 25
$0.01
$-3.58
Q3 25
$0.03
$-2.30
Q2 25
$0.03
$-2.23
Q1 25
$0.04
$-0.21
Q4 24
$0.01
$-3.41
Q3 24
$0.03
$-3.37
Q2 24
$0.01
$-3.80
Q1 24
$0.03
$-0.16

Balance Sheet & Financial Strength

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

Metric
MAMA
MAMA
SST
SST
Cash + ST InvestmentsLiquidity on hand
$18.1M
$86.9M
Total DebtLower is stronger
$305.1M
Stockholders' EquityBook value
$49.6M
$30.5M
Total Assets
$84.0M
$405.0M
Debt / EquityLower = less leverage
10.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAMA
MAMA
SST
SST
Q4 25
$18.1M
$86.9M
Q3 25
$9.4M
$54.6M
Q2 25
$12.0M
$63.6M
Q1 25
$7.2M
$43.9M
Q4 24
$9.3M
$63.6M
Q3 24
$7.4M
$69.1M
Q2 24
$13.0M
$75.7M
Q1 24
$11.0M
$69.9M
Total Debt
MAMA
MAMA
SST
SST
Q4 25
$305.1M
Q3 25
$259.2M
Q2 25
$263.3M
Q1 25
$267.4M
Q4 24
$255.1M
Q3 24
$259.2M
Q2 24
$263.3M
Q1 24
$268.6M
Stockholders' Equity
MAMA
MAMA
SST
SST
Q4 25
$49.6M
$30.5M
Q3 25
$29.6M
$42.7M
Q2 25
$26.4M
$58.2M
Q1 25
$24.9M
$67.2M
Q4 24
$23.0M
$80.3M
Q3 24
$22.3M
$90.3M
Q2 24
$20.3M
$109.4M
Q1 24
$19.6M
$131.7M
Total Assets
MAMA
MAMA
SST
SST
Q4 25
$84.0M
$405.0M
Q3 25
$51.2M
$385.2M
Q2 25
$52.7M
$429.2M
Q1 25
$47.1M
$419.2M
Q4 24
$47.9M
$459.1M
Q3 24
$43.0M
$479.3M
Q2 24
$47.2M
$511.3M
Q1 24
$45.1M
$521.1M
Debt / Equity
MAMA
MAMA
SST
SST
Q4 25
10.01×
Q3 25
6.07×
Q2 25
4.53×
Q1 25
3.98×
Q4 24
3.18×
Q3 24
2.87×
Q2 24
2.41×
Q1 24
2.04×

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
SST
SST
Operating Cash FlowLast quarter
$3.9M
$-10.6M
Free Cash FlowOCF − Capex
$3.7M
FCF MarginFCF / Revenue
7.8%
Capex IntensityCapex / Revenue
0.4%
0.0%
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
SST
SST
Q4 25
$3.9M
$-10.6M
Q3 25
$-1.7M
$-2.1M
Q2 25
$6.0M
$24.5M
Q1 25
$-857.0K
$-15.9M
Q4 24
$4.8M
$772.0K
Q3 24
$-2.4M
$-5.0K
Q2 24
$3.6M
$10.0M
Q1 24
$6.7M
$-16.0M
Free Cash Flow
MAMA
MAMA
SST
SST
Q4 25
$3.7M
Q3 25
$-2.2M
Q2 25
$5.5M
Q1 25
$-930.0K
$-16.0M
Q4 24
$2.5M
Q3 24
$-4.0M
$-36.0K
Q2 24
$2.5M
Q1 24
$6.6M
FCF Margin
MAMA
MAMA
SST
SST
Q4 25
7.8%
Q3 25
-6.2%
Q2 25
15.5%
Q1 25
-2.8%
-21.5%
Q4 24
8.0%
Q3 24
-14.1%
-0.0%
Q2 24
8.4%
Q1 24
24.8%
Capex Intensity
MAMA
MAMA
SST
SST
Q4 25
0.4%
0.0%
Q3 25
1.5%
0.0%
Q2 25
1.5%
0.0%
Q1 25
0.2%
0.1%
Q4 24
7.2%
0.0%
Q3 24
5.6%
0.0%
Q2 24
3.8%
0.0%
Q1 24
0.4%
0.0%
Cash Conversion
MAMA
MAMA
SST
SST
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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