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Side-by-side financial comparison of Massimo Group (MAMO) and ARS Pharmaceuticals, Inc. (SPRY). Click either name above to swap in a different company.

ARS Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($28.1M vs $21.0M, roughly 1.3× Massimo Group). Massimo Group runs the higher net margin — 9.5% vs -147.1%, a 156.6% gap on every dollar of revenue. On growth, Massimo Group posted the faster year-over-year revenue change (15.7% vs -67.6%).

Massimo Dutti, S.A. is a Spanish premium clothing retailer specializing in cashmere and wool products, established in 1985 and owned by Spanish multinational company Inditex, the parent company of Zara, Pull&Bear, and other brands.

ARS Pharmaceuticals, Inc. is a late-stage biopharmaceutical firm specializing in the development and commercialization of novel therapies for severe allergic reactions, most notably needle-free epinephrine delivery solutions for anaphylaxis. It primarily operates in the North American market, catering to both pediatric and adult patient groups at risk of life-threatening allergic responses.

MAMO vs SPRY — Head-to-Head

Bigger by revenue
SPRY
SPRY
1.3× larger
SPRY
$28.1M
$21.0M
MAMO
Growing faster (revenue YoY)
MAMO
MAMO
+83.3% gap
MAMO
15.7%
-67.6%
SPRY
Higher net margin
MAMO
MAMO
156.6% more per $
MAMO
9.5%
-147.1%
SPRY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MAMO
MAMO
SPRY
SPRY
Revenue
$21.0M
$28.1M
Net Profit
$2.0M
$-41.3M
Gross Margin
41.5%
Operating Margin
13.1%
-147.6%
Net Margin
9.5%
-147.1%
Revenue YoY
15.7%
-67.6%
Net Profit YoY
215.0%
-182.8%
EPS (diluted)
$0.05
$-0.41

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
MAMO
MAMO
SPRY
SPRY
Q4 25
$21.0M
$28.1M
Q3 25
$17.0M
$32.5M
Q2 25
$18.9M
$15.7M
Q1 25
$14.9M
$8.0M
Q4 24
$18.2M
$86.6M
Q3 24
$25.6M
$2.1M
Q2 24
$35.4M
$500.0K
Q1 24
$30.2M
$0
Net Profit
MAMO
MAMO
SPRY
SPRY
Q4 25
$2.0M
$-41.3M
Q3 25
$1.5M
$-51.2M
Q2 25
$77.7K
$-44.9M
Q1 25
$-2.1M
$-33.9M
Q4 24
$-1.7M
$49.9M
Q3 24
$-2.5M
$-19.1M
Q2 24
$2.8M
$-12.5M
Q1 24
$3.2M
$-10.3M
Gross Margin
MAMO
MAMO
SPRY
SPRY
Q4 25
41.5%
Q3 25
42.0%
Q2 25
36.3%
Q1 25
28.4%
Q4 24
19.6%
Q3 24
27.2%
Q2 24
32.5%
Q1 24
34.7%
Operating Margin
MAMO
MAMO
SPRY
SPRY
Q4 25
13.1%
-147.6%
Q3 25
10.5%
-163.7%
Q2 25
0.8%
-302.9%
Q1 25
-18.2%
-466.3%
Q4 24
-15.4%
54.5%
Q3 24
1.2%
-1051.6%
Q2 24
10.1%
-3068.0%
Q1 24
13.2%
Net Margin
MAMO
MAMO
SPRY
SPRY
Q4 25
9.5%
-147.1%
Q3 25
9.0%
-157.4%
Q2 25
0.4%
-285.6%
Q1 25
-14.0%
-425.7%
Q4 24
-9.5%
57.7%
Q3 24
-9.8%
-925.0%
Q2 24
8.0%
-2503.2%
Q1 24
10.6%
EPS (diluted)
MAMO
MAMO
SPRY
SPRY
Q4 25
$0.05
$-0.41
Q3 25
$0.04
$-0.52
Q2 25
$0.00
$-0.46
Q1 25
$-0.05
$-0.35
Q4 24
$-0.05
$0.52
Q3 24
$-0.06
$-0.20
Q2 24
$0.07
$-0.13
Q1 24
$0.08
$-0.11

Balance Sheet & Financial Strength

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

Metric
MAMO
MAMO
SPRY
SPRY
Cash + ST InvestmentsLiquidity on hand
$5.8M
$245.0M
Total DebtLower is stronger
$96.4M
Stockholders' EquityBook value
$23.7M
$114.3M
Total Assets
$51.4M
$327.7M
Debt / EquityLower = less leverage
0.84×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAMO
MAMO
SPRY
SPRY
Q4 25
$5.8M
$245.0M
Q3 25
$2.6M
$288.2M
Q2 25
$240.1M
Q1 25
$3.0M
$275.7M
Q4 24
$10.2M
$314.0M
Q3 24
$204.6M
Q2 24
$218.7M
Q1 24
$223.6M
Total Debt
MAMO
MAMO
SPRY
SPRY
Q4 25
$96.4M
Q3 25
$96.2M
Q2 25
Q1 25
Q4 24
$0
Q3 24
Q2 24
Q1 24
Stockholders' Equity
MAMO
MAMO
SPRY
SPRY
Q4 25
$23.7M
$114.3M
Q3 25
$21.7M
$147.7M
Q2 25
$20.2M
$192.3M
Q1 25
$19.9M
$229.0M
Q4 24
$21.7M
$256.8M
Q3 24
$22.5M
$201.0M
Q2 24
$24.7M
$215.2M
Q1 24
$18.1M
$223.9M
Total Assets
MAMO
MAMO
SPRY
SPRY
Q4 25
$51.4M
$327.7M
Q3 25
$44.4M
$372.8M
Q2 25
$45.9M
$313.5M
Q1 25
$46.4M
$327.3M
Q4 24
$54.9M
$351.2M
Q3 24
$57.1M
$217.6M
Q2 24
$49.9M
$222.0M
Q1 24
$47.3M
$227.6M
Debt / Equity
MAMO
MAMO
SPRY
SPRY
Q4 25
0.84×
Q3 25
0.65×
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
MAMO
MAMO
SPRY
SPRY
Operating Cash FlowLast quarter
$4.0M
$-43.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
2.01×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAMO
MAMO
SPRY
SPRY
Q4 25
$4.0M
$-43.5M
Q3 25
$633.2K
$-47.0M
Q2 25
$-1.4M
$-39.6M
Q1 25
$-3.3M
$-40.7M
Q4 24
$9.1M
$42.0M
Q3 24
$4.7M
$-14.5M
Q2 24
$-6.5M
$-7.3M
Q1 24
$-637.0K
$-6.7M
Free Cash Flow
MAMO
MAMO
SPRY
SPRY
Q4 25
Q3 25
$-47.2M
Q2 25
$-39.6M
Q1 25
$-40.8M
Q4 24
$9.0M
$41.7M
Q3 24
$4.6M
$-14.6M
Q2 24
$-6.7M
$-7.3M
Q1 24
$-741.4K
$-6.8M
FCF Margin
MAMO
MAMO
SPRY
SPRY
Q4 25
Q3 25
-145.4%
Q2 25
-252.2%
Q1 25
-512.1%
Q4 24
49.7%
48.2%
Q3 24
18.1%
-706.3%
Q2 24
-19.0%
-1463.4%
Q1 24
-2.5%
Capex Intensity
MAMO
MAMO
SPRY
SPRY
Q4 25
0.0%
Q3 25
0.6%
Q2 25
0.3%
Q1 25
1.1%
Q4 24
0.2%
0.3%
Q3 24
0.3%
6.8%
Q2 24
0.7%
7.6%
Q1 24
0.3%
Cash Conversion
MAMO
MAMO
SPRY
SPRY
Q4 25
2.01×
Q3 25
0.41×
Q2 25
-17.92×
Q1 25
Q4 24
0.84×
Q3 24
Q2 24
-2.30×
Q1 24
-0.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MAMO
MAMO

Segment breakdown not available.

SPRY
SPRY

Products$20.3M72%
Other$7.8M28%

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