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Side-by-side financial comparison of MESOBLAST LTD (MESO) and Moolec Science SA (MLEC). Click either name above to swap in a different company.

Moolec Science SA is the larger business by last-quarter revenue ($2.6M vs $1.9M, roughly 1.4× MESOBLAST LTD). Moolec Science SA runs the higher net margin — -91.8% vs -959.3%, a 867.4% gap on every dollar of revenue.

Mesoblast Limited is an Australian regenerative medicine company. It seeks to provide treatments for inflammatory ailments, cardiovascular disease, and back pain. The company is led by Silviu Itescu, who founded the company in 2004.

Moolec Science SA is a global agricultural biotechnology and food technology company specializing in molecular farming. It uses engineered crop platforms to produce sustainable, cost-competitive animal-derived proteins for use in alternative meat, dairy products and food ingredients, serving food manufacturers, agribusinesses and consumer goods brands across North America, Europe and Latin America.

MESO vs MLEC — Head-to-Head

Bigger by revenue
MLEC
MLEC
1.4× larger
MLEC
$2.6M
$1.9M
MESO
Higher net margin
MLEC
MLEC
867.4% more per $
MLEC
-91.8%
-959.3%
MESO

Income Statement — Q3 FY2023 vs Q2 FY2025

Metric
MESO
MESO
MLEC
MLEC
Revenue
$1.9M
$2.6M
Net Profit
$-18.6M
$-2.4M
Gross Margin
-25.5%
Operating Margin
-77.9%
Net Margin
-959.3%
-91.8%
Revenue YoY
-3.6%
Net Profit YoY
12.7%
EPS (diluted)
$-0.03
$-0.06

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
MESO
MESO
MLEC
MLEC
Q4 24
$2.6M
Q3 23
$1.7M
Q1 23
$1.9M
Q4 22
$2.1M
Q3 22
$1.5M
Q1 22
$2.0M
Q4 21
$2.4M
Q3 21
$3.6M
Net Profit
MESO
MESO
MLEC
MLEC
Q4 24
$-2.4M
Q3 23
$-1.6M
Q1 23
$-18.6M
Q4 22
$-24.5M
Q3 22
$-16.9M
Q1 22
$-21.3M
Q4 21
$-25.9M
Q3 21
$-22.6M
Gross Margin
MESO
MESO
MLEC
MLEC
Q4 24
-25.5%
Q3 23
12.7%
Q1 23
Q4 22
Q3 22
Q1 22
Q4 21
Q3 21
Operating Margin
MESO
MESO
MLEC
MLEC
Q4 24
-77.9%
Q3 23
-130.3%
Q1 23
Q4 22
Q3 22
Q1 22
Q4 21
Q3 21
Net Margin
MESO
MESO
MLEC
MLEC
Q4 24
-91.8%
Q3 23
-91.4%
Q1 23
-959.3%
Q4 22
-1147.4%
Q3 22
-1123.4%
Q1 22
-1059.3%
Q4 21
-1088.8%
Q3 21
-630.1%
EPS (diluted)
MESO
MESO
MLEC
MLEC
Q4 24
$-0.06
Q3 23
$-0.04
Q1 23
$-0.03
Q4 22
$-0.03
Q3 22
$-0.02
Q1 22
$-0.03
Q4 21
$-0.04
Q3 21
$-0.03

Balance Sheet & Financial Strength

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

Metric
MESO
MESO
MLEC
MLEC
Cash + ST InvestmentsLiquidity on hand
$48.8M
$1.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$482.2M
$2.8M
Total Assets
$650.4M
$31.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MESO
MESO
MLEC
MLEC
Q4 24
$1.9M
Q3 23
$853.6K
Q1 23
$48.8M
Q4 22
$67.6M
Q3 22
$85.5M
Q1 22
$76.8M
Q4 21
$94.8M
Q3 21
$116.0M
Stockholders' Equity
MESO
MESO
MLEC
MLEC
Q4 24
$2.8M
Q3 23
$8.9M
Q1 23
$482.2M
Q4 22
$500.0M
Q3 22
$522.8M
Q1 22
$517.1M
Q4 21
$535.5M
Q3 21
$559.7M
Total Assets
MESO
MESO
MLEC
MLEC
Q4 24
$31.4M
Q3 23
$22.5M
Q1 23
$650.4M
Q4 22
$668.1M
Q3 22
$684.5M
Q1 22
$681.7M
Q4 21
$704.4M
Q3 21
$721.8M

Cash Flow & Capital Efficiency

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

Metric
MESO
MESO
MLEC
MLEC
Operating Cash FlowLast quarter
$-16.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
4.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MESO
MESO
MLEC
MLEC
Q4 24
Q3 23
$-1.7M
Q1 23
$-16.3M
Q4 22
$-16.5M
Q3 22
$-14.3M
Q1 22
$-15.5M
Q4 21
$-18.2M
Q3 21
$-18.2M
Free Cash Flow
MESO
MESO
MLEC
MLEC
Q4 24
Q3 23
$-1.8M
Q1 23
Q4 22
Q3 22
Q1 22
Q4 21
Q3 21
FCF Margin
MESO
MESO
MLEC
MLEC
Q4 24
Q3 23
-106.2%
Q1 23
Q4 22
Q3 22
Q1 22
Q4 21
Q3 21
Capex Intensity
MESO
MESO
MLEC
MLEC
Q4 24
4.4%
Q3 23
6.0%
Q1 23
Q4 22
Q3 22
Q1 22
Q4 21
Q3 21

Financial Flow Comparison

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

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