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Side-by-side financial comparison of MESOBLAST LTD (MESO) and EMERSON RADIO CORP (MSN). Click either name above to swap in a different company.

MESOBLAST LTD is the larger business by last-quarter revenue ($1.9M vs $1.9M, roughly 1.0× EMERSON RADIO CORP). EMERSON RADIO CORP runs the higher net margin — -36.7% vs -959.3%, a 922.6% gap on every dollar of revenue. On growth, MESOBLAST LTD posted the faster year-over-year revenue change (-3.6% vs -52.8%).

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.

Emerson Radio Corporation is one of the United States' largest volume consumer electronics distributors and has a recognized trademark in continuous use since 1912. The company designs, markets, and licenses many product lines worldwide, including products sold, and sometimes licensed, under the brand name G Clef, an homage to Emerson's logo.

MESO vs MSN — Head-to-Head

Bigger by revenue
MESO
MESO
1.0× larger
MESO
$1.9M
$1.9M
MSN
Growing faster (revenue YoY)
MESO
MESO
+49.2% gap
MESO
-3.6%
-52.8%
MSN
Higher net margin
MSN
MSN
922.6% more per $
MSN
-36.7%
-959.3%
MESO

Income Statement — Q3 FY2023 vs Q3 FY2026

Metric
MESO
MESO
MSN
MSN
Revenue
$1.9M
$1.9M
Net Profit
$-18.6M
$-694.0K
Gross Margin
10.9%
Operating Margin
-43.7%
Net Margin
-959.3%
-36.7%
Revenue YoY
-3.6%
-52.8%
Net Profit YoY
12.7%
-31.7%
EPS (diluted)
$-0.03
$-0.03

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
MSN
MSN
Q4 25
$1.9M
Q3 25
$1.2M
Q2 25
$1.7M
Q1 25
$1.8M
Q4 24
$4.0M
Q3 24
$2.7M
Q2 24
$2.2M
Q1 24
$2.2M
Net Profit
MESO
MESO
MSN
MSN
Q4 25
$-694.0K
Q3 25
$-1.0M
Q2 25
$-1.1M
Q1 25
$-2.4M
Q4 24
$-527.0K
Q3 24
$-881.0K
Q2 24
$-962.0K
Q1 24
$-883.0K
Gross Margin
MESO
MESO
MSN
MSN
Q4 25
10.9%
Q3 25
-0.1%
Q2 25
0.7%
Q1 25
-3.0%
Q4 24
12.3%
Q3 24
9.9%
Q2 24
8.8%
Q1 24
15.9%
Operating Margin
MESO
MESO
MSN
MSN
Q4 25
-43.7%
Q3 25
-98.4%
Q2 25
-78.1%
Q1 25
-137.8%
Q4 24
-18.3%
Q3 24
-40.8%
Q2 24
-55.6%
Q1 24
-52.2%
Net Margin
MESO
MESO
MSN
MSN
Q4 25
-36.7%
Q3 25
-85.8%
Q2 25
-68.1%
Q1 25
-127.9%
Q4 24
-13.2%
Q3 24
-32.2%
Q2 24
-43.8%
Q1 24
-40.1%
EPS (diluted)
MESO
MESO
MSN
MSN
Q4 25
$-0.03
Q3 25
$-0.05
Q2 25
$-0.05
Q1 25
$-0.10
Q4 24
$-0.03
Q3 24
$-0.04
Q2 24
$-0.05
Q1 24
$-0.04

Balance Sheet & Financial Strength

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

Metric
MESO
MESO
MSN
MSN
Cash + ST InvestmentsLiquidity on hand
$48.8M
$13.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$482.2M
$18.6M
Total Assets
$650.4M
$20.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MESO
MESO
MSN
MSN
Q4 25
$13.3M
Q3 25
$13.5M
Q2 25
$15.5M
Q1 25
$16.1M
Q4 24
$16.4M
Q3 24
$16.7M
Q2 24
$18.9M
Q1 24
$19.9M
Stockholders' Equity
MESO
MESO
MSN
MSN
Q4 25
$18.6M
Q3 25
$19.3M
Q2 25
$20.4M
Q1 25
$21.5M
Q4 24
$23.9M
Q3 24
$24.4M
Q2 24
$25.3M
Q1 24
$26.2M
Total Assets
MESO
MESO
MSN
MSN
Q4 25
$20.1M
Q3 25
$20.7M
Q2 25
$23.3M
Q1 25
$23.5M
Q4 24
$26.4M
Q3 24
$26.6M
Q2 24
$28.5M
Q1 24
$29.1M

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
MSN
MSN
Operating Cash FlowLast quarter
$-16.3M
$-228.0K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MESO
MESO
MSN
MSN
Q4 25
$-228.0K
Q3 25
$-2.0M
Q2 25
$-514.0K
Q1 25
$-391.0K
Q4 24
$-293.0K
Q3 24
$-2.1M
Q2 24
$-840.0K
Q1 24
$-2.2M
Free Cash Flow
MESO
MESO
MSN
MSN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-301.0K
Q3 24
$-2.1M
Q2 24
$-1.0M
Q1 24
$-2.3M
FCF Margin
MESO
MESO
MSN
MSN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-7.5%
Q3 24
-77.8%
Q2 24
-46.4%
Q1 24
-102.3%
Capex Intensity
MESO
MESO
MSN
MSN
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.2%
Q3 24
0.3%
Q2 24
8.2%
Q1 24
0.5%

Financial Flow Comparison

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

Revenue Breakdown by Segment

MESO
MESO

Segment breakdown not available.

MSN
MSN

Products$1.8M95%
Other$87.0K5%

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