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Side-by-side financial comparison of Mama's Creations, Inc. (MAMA) and Waterstone Financial, Inc. (WSBF). 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 $37.2M, roughly 1.3× Waterstone Financial, Inc.). On growth, Mama's Creations, Inc. posted the faster year-over-year revenue change (50.0% vs 16.7%). Waterstone Financial, Inc. produced more free cash flow last quarter ($23.0M vs $3.7M). Over the past eight quarters, Mama's Creations, Inc.'s revenue compounded faster (33.0% CAGR vs 7.1%).

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.

Waterstone Financial, Inc. is a U.S. bank holding company headquartered in Wisconsin. It offers retail and commercial banking services, residential mortgages, and wealth management solutions, primarily serving consumers and small to medium-sized businesses across the U.S. Midwest region.

MAMA vs WSBF — Head-to-Head

Bigger by revenue
MAMA
MAMA
1.3× larger
MAMA
$47.3M
$37.2M
WSBF
Growing faster (revenue YoY)
MAMA
MAMA
+33.2% gap
MAMA
50.0%
16.7%
WSBF
More free cash flow
WSBF
WSBF
$19.3M more FCF
WSBF
$23.0M
$3.7M
MAMA
Faster 2-yr revenue CAGR
MAMA
MAMA
Annualised
MAMA
33.0%
7.1%
WSBF

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
MAMA
MAMA
WSBF
WSBF
Revenue
$47.3M
$37.2M
Net Profit
$540.0K
Gross Margin
23.6%
Operating Margin
1.7%
27.0%
Net Margin
1.1%
Revenue YoY
50.0%
16.7%
Net Profit YoY
31.7%
EPS (diluted)
$0.01
$0.43

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
WSBF
WSBF
Q4 25
$47.3M
$37.2M
Q3 25
$35.2M
$37.0M
Q2 25
$35.3M
$38.0M
Q1 25
$33.6M
$29.7M
Q4 24
$31.5M
$31.8M
Q3 24
$28.4M
$34.1M
Q2 24
$29.8M
$37.2M
Q1 24
$26.7M
$32.4M
Net Profit
MAMA
MAMA
WSBF
WSBF
Q4 25
$540.0K
Q3 25
$1.3M
$7.9M
Q2 25
$1.2M
$7.7M
Q1 25
$1.6M
$3.0M
Q4 24
$410.0K
Q3 24
$1.1M
$4.7M
Q2 24
$553.0K
$5.7M
Q1 24
$1.4M
$3.0M
Gross Margin
MAMA
MAMA
WSBF
WSBF
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
MAMA
MAMA
WSBF
WSBF
Q4 25
1.7%
27.0%
Q3 25
4.8%
26.6%
Q2 25
4.5%
25.4%
Q1 25
5.7%
13.1%
Q4 24
1.8%
19.5%
Q3 24
5.7%
17.3%
Q2 24
2.6%
19.2%
Q1 24
7.4%
14.7%
Net Margin
MAMA
MAMA
WSBF
WSBF
Q4 25
1.1%
Q3 25
3.6%
21.4%
Q2 25
3.5%
20.3%
Q1 25
4.8%
10.2%
Q4 24
1.3%
Q3 24
4.0%
13.9%
Q2 24
1.9%
15.4%
Q1 24
5.3%
9.4%
EPS (diluted)
MAMA
MAMA
WSBF
WSBF
Q4 25
$0.01
$0.43
Q3 25
$0.03
$0.45
Q2 25
$0.03
$0.43
Q1 25
$0.04
$0.17
Q4 24
$0.01
$0.28
Q3 24
$0.03
$0.26
Q2 24
$0.01
$0.31
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
WSBF
WSBF
Cash + ST InvestmentsLiquidity on hand
$18.1M
Total DebtLower is stronger
$412.3M
Stockholders' EquityBook value
$49.6M
$349.4M
Total Assets
$84.0M
$2.3B
Debt / EquityLower = less leverage
1.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAMA
MAMA
WSBF
WSBF
Q4 25
$18.1M
Q3 25
$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
Total Debt
MAMA
MAMA
WSBF
WSBF
Q4 25
$412.3M
Q3 25
$469.1M
Q2 25
$465.7M
Q1 25
$395.9M
Q4 24
$446.5M
Q3 24
$560.1M
Q2 24
$660.8M
Q1 24
$634.2M
Stockholders' Equity
MAMA
MAMA
WSBF
WSBF
Q4 25
$49.6M
$349.4M
Q3 25
$29.6M
$345.5M
Q2 25
$26.4M
$341.5M
Q1 25
$24.9M
$341.4M
Q4 24
$23.0M
$339.1M
Q3 24
$22.3M
$342.0M
Q2 24
$20.3M
$334.9M
Q1 24
$19.6M
$338.0M
Total Assets
MAMA
MAMA
WSBF
WSBF
Q4 25
$84.0M
$2.3B
Q3 25
$51.2M
$2.3B
Q2 25
$52.7M
$2.3B
Q1 25
$47.1M
$2.2B
Q4 24
$47.9M
$2.2B
Q3 24
$43.0M
$2.2B
Q2 24
$47.2M
$2.3B
Q1 24
$45.1M
$2.2B
Debt / Equity
MAMA
MAMA
WSBF
WSBF
Q4 25
1.18×
Q3 25
1.36×
Q2 25
1.36×
Q1 25
1.16×
Q4 24
1.32×
Q3 24
1.64×
Q2 24
1.97×
Q1 24
1.88×

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
WSBF
WSBF
Operating Cash FlowLast quarter
$3.9M
$24.2M
Free Cash FlowOCF − Capex
$3.7M
$23.0M
FCF MarginFCF / Revenue
7.8%
61.9%
Capex IntensityCapex / Revenue
0.4%
3.1%
Cash ConversionOCF / Net Profit
7.16×
TTM Free Cash FlowTrailing 4 quarters
$6.0M
$43.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAMA
MAMA
WSBF
WSBF
Q4 25
$3.9M
$24.2M
Q3 25
$-1.7M
$32.7M
Q2 25
$6.0M
$-38.4M
Q1 25
$-857.0K
$26.7M
Q4 24
$4.8M
$48.1M
Q3 24
$-2.4M
$74.1M
Q2 24
$3.6M
$-39.5M
Q1 24
$6.7M
$-9.9M
Free Cash Flow
MAMA
MAMA
WSBF
WSBF
Q4 25
$3.7M
$23.0M
Q3 25
$-2.2M
$32.4M
Q2 25
$5.5M
$-38.5M
Q1 25
$-930.0K
$26.5M
Q4 24
$2.5M
$47.0M
Q3 24
$-4.0M
$73.9M
Q2 24
$2.5M
$-39.7M
Q1 24
$6.6M
$-10.3M
FCF Margin
MAMA
MAMA
WSBF
WSBF
Q4 25
7.8%
61.9%
Q3 25
-6.2%
87.5%
Q2 25
15.5%
-101.2%
Q1 25
-2.8%
89.2%
Q4 24
8.0%
147.5%
Q3 24
-14.1%
216.9%
Q2 24
8.4%
-106.7%
Q1 24
24.8%
-31.9%
Capex Intensity
MAMA
MAMA
WSBF
WSBF
Q4 25
0.4%
3.1%
Q3 25
1.5%
0.8%
Q2 25
1.5%
0.2%
Q1 25
0.2%
0.9%
Q4 24
7.2%
3.5%
Q3 24
5.6%
0.6%
Q2 24
3.8%
0.4%
Q1 24
0.4%
1.2%
Cash Conversion
MAMA
MAMA
WSBF
WSBF
Q4 25
7.16×
Q3 25
-1.31×
4.13×
Q2 25
4.85×
-4.98×
Q1 25
-0.54×
8.81×
Q4 24
11.71×
Q3 24
-2.10×
15.67×
Q2 24
6.58×
-6.92×
Q1 24
4.79×
-3.27×

Financial Flow Comparison

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

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