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Side-by-side financial comparison of MESOBLAST LTD (MESO) and TOP Financial Group Ltd (TOP). Click either name above to swap in a different company.

TOP Financial Group Ltd is the larger business by last-quarter revenue ($2.9M vs $1.9M, roughly 1.5× MESOBLAST LTD). TOP Financial Group Ltd runs the higher net margin — 6.6% vs -959.3%, a 965.9% 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.

Sun Life Financial Inc. is a Canadian financial services company headquartered in Toronto, Ontario. Founded in 1865, it operates internationally in life insurance, wealth management, and asset management. As of 2024, the company manages over CAD$1.3 trillion in assets and serves clients in Canada, the United States, Asia, and other markets.

MESO vs TOP — Head-to-Head

Bigger by revenue
TOP
TOP
1.5× larger
TOP
$2.9M
$1.9M
MESO
Higher net margin
TOP
TOP
965.9% more per $
TOP
6.6%
-959.3%
MESO

Income Statement — Q3 FY2023 vs Q2 FY2026

Metric
MESO
MESO
TOP
TOP
Revenue
$1.9M
$2.9M
Net Profit
$-18.6M
$190.5K
Gross Margin
Operating Margin
Net Margin
-959.3%
6.6%
Revenue YoY
-3.6%
Net Profit YoY
12.7%
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
TOP
TOP
Q3 25
$2.9M
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
TOP
TOP
Q3 25
$190.5K
Q1 23
$-18.6M
Q4 22
$-24.5M
Q3 22
$-16.9M
Q1 22
$-21.3M
Q4 21
$-25.9M
Q3 21
$-22.6M
Net Margin
MESO
MESO
TOP
TOP
Q3 25
6.6%
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
TOP
TOP
Q3 25
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
TOP
TOP
Cash + ST InvestmentsLiquidity on hand
$48.8M
$14.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$482.2M
$35.0M
Total Assets
$650.4M
$64.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MESO
MESO
TOP
TOP
Q3 25
$14.8M
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
TOP
TOP
Q3 25
$35.0M
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
TOP
TOP
Q3 25
$64.1M
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
TOP
TOP
Operating Cash FlowLast quarter
$-16.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MESO
MESO
TOP
TOP
Q3 25
Q1 23
$-16.3M
Q4 22
$-16.5M
Q3 22
$-14.3M
Q1 22
$-15.5M
Q4 21
$-18.2M
Q3 21
$-18.2M

Financial Flow Comparison

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

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