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Side-by-side financial comparison of MESOBLAST LTD (MESO) and ReTo Eco-Solutions, Inc. (RETO). Click either name above to swap in a different company.

MESOBLAST LTD is the larger business by last-quarter revenue ($1.9M vs $1.0M, roughly 1.8× ReTo Eco-Solutions, Inc.). ReTo Eco-Solutions, Inc. runs the higher net margin — -131.6% vs -959.3%, a 827.7% gap on every dollar of revenue. On growth, ReTo Eco-Solutions, Inc. posted the faster year-over-year revenue change (36.6% vs -3.6%).

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.

ReTo Eco-Solutions, Inc. develops and supplies eco-friendly construction materials, environmental remediation services, and solid waste treatment solutions. Its core offerings include recycled construction aggregates, soil improvement products, and ecological restoration systems, primarily serving infrastructure, real estate, and environmental conservation sectors across the Chinese market.

MESO vs RETO — Head-to-Head

Bigger by revenue
MESO
MESO
1.8× larger
MESO
$1.9M
$1.0M
RETO
Growing faster (revenue YoY)
RETO
RETO
+40.1% gap
RETO
36.6%
-3.6%
MESO
Higher net margin
RETO
RETO
827.7% more per $
RETO
-131.6%
-959.3%
MESO

Income Statement — Q3 FY2023 vs Q2 FY2025

Metric
MESO
MESO
RETO
RETO
Revenue
$1.9M
$1.0M
Net Profit
$-18.6M
$-1.4M
Gross Margin
17.7%
Operating Margin
-133.0%
Net Margin
-959.3%
-131.6%
Revenue YoY
-3.6%
36.6%
Net Profit YoY
12.7%
-103.5%
EPS (diluted)
$-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
RETO
RETO
Q2 25
$1.0M
Q2 24
$768.4K
Q1 23
$1.9M
Q4 22
$2.1M
Q3 22
$1.5M
Q2 22
$2.9M
Q1 22
$2.0M
Q4 21
$2.4M
Net Profit
MESO
MESO
RETO
RETO
Q2 25
$-1.4M
Q2 24
$-678.5K
Q1 23
$-18.6M
Q4 22
$-24.5M
Q3 22
$-16.9M
Q2 22
$-5.7M
Q1 22
$-21.3M
Q4 21
$-25.9M
Gross Margin
MESO
MESO
RETO
RETO
Q2 25
17.7%
Q2 24
43.3%
Q1 23
Q4 22
Q3 22
Q2 22
13.0%
Q1 22
Q4 21
Operating Margin
MESO
MESO
RETO
RETO
Q2 25
-133.0%
Q2 24
-68.0%
Q1 23
Q4 22
Q3 22
Q2 22
-195.8%
Q1 22
Q4 21
Net Margin
MESO
MESO
RETO
RETO
Q2 25
-131.6%
Q2 24
-88.3%
Q1 23
-959.3%
Q4 22
-1147.4%
Q3 22
-1123.4%
Q2 22
-196.4%
Q1 22
-1059.3%
Q4 21
-1088.8%
EPS (diluted)
MESO
MESO
RETO
RETO
Q2 25
Q2 24
$-0.25
Q1 23
$-0.03
Q4 22
$-0.03
Q3 22
$-0.02
Q2 22
$-0.16
Q1 22
$-0.03
Q4 21
$-0.04

Balance Sheet & Financial Strength

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

Metric
MESO
MESO
RETO
RETO
Cash + ST InvestmentsLiquidity on hand
$48.8M
$2.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$482.2M
$30.4M
Total Assets
$650.4M
$41.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MESO
MESO
RETO
RETO
Q2 25
$2.5M
Q2 24
$1.6M
Q1 23
$48.8M
Q4 22
$67.6M
Q3 22
$85.5M
Q2 22
$832.4K
Q1 22
$76.8M
Q4 21
$94.8M
Stockholders' Equity
MESO
MESO
RETO
RETO
Q2 25
$30.4M
Q2 24
$13.3M
Q1 23
$482.2M
Q4 22
$500.0M
Q3 22
$522.8M
Q2 22
$13.5M
Q1 22
$517.1M
Q4 21
$535.5M
Total Assets
MESO
MESO
RETO
RETO
Q2 25
$41.4M
Q2 24
$33.7M
Q1 23
$650.4M
Q4 22
$668.1M
Q3 22
$684.5M
Q2 22
$33.9M
Q1 22
$681.7M
Q4 21
$704.4M

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
RETO
RETO
Operating Cash FlowLast quarter
$-16.3M
$-1.6M
Free Cash FlowOCF − Capex
$-1.7M
FCF MarginFCF / Revenue
-157.4%
Capex IntensityCapex / Revenue
5.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MESO
MESO
RETO
RETO
Q2 25
$-1.6M
Q2 24
$-4.8M
Q1 23
$-16.3M
Q4 22
$-16.5M
Q3 22
$-14.3M
Q2 22
$-9.3M
Q1 22
$-15.5M
Q4 21
$-18.2M
Free Cash Flow
MESO
MESO
RETO
RETO
Q2 25
$-1.7M
Q2 24
Q1 23
Q4 22
Q3 22
Q2 22
Q1 22
Q4 21
FCF Margin
MESO
MESO
RETO
RETO
Q2 25
-157.4%
Q2 24
Q1 23
Q4 22
Q3 22
Q2 22
Q1 22
Q4 21
Capex Intensity
MESO
MESO
RETO
RETO
Q2 25
5.1%
Q2 24
Q1 23
Q4 22
Q3 22
Q2 22
Q1 22
Q4 21

Financial Flow Comparison

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

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