vs
Side-by-side financial comparison of Maison Solutions Inc. (MSS) and Natural Grocers by Vitamin Cottage, Inc. (NGVC). Click either name above to swap in a different company.
Natural Grocers by Vitamin Cottage, Inc. is the larger business by last-quarter revenue ($335.6M vs $27.6M, roughly 12.1× Maison Solutions Inc.). Natural Grocers by Vitamin Cottage, Inc. runs the higher net margin — 3.4% vs -18.0%, a 21.4% gap on every dollar of revenue. On growth, Natural Grocers by Vitamin Cottage, Inc. posted the faster year-over-year revenue change (1.6% vs -10.9%). Over the past eight quarters, Maison Solutions Inc.'s revenue compounded faster (42.5% CAGR vs 4.4%).
Maison Solutions Inc.MSSEarnings & Financial Report
Maison Solutions Inc. is a specialty home goods retail company that provides a diverse portfolio of stylish, affordably priced furniture, home decor items, and daily household products. Its primary market is the Guangdong-Hong Kong-Macao Greater Bay Area in China, serving mass consumers through both offline physical stores and online e-commerce channels.
Natural Grocers by Vitamin Cottage, Inc. is a U.S.-based specialty retail chain that offers certified organic groceries, dietary supplements, natural personal care items, and eco-friendly household products. It serves health-conscious consumers across multiple U.S. states, following strict quality standards that exclude artificial preservatives, colors, flavors and harmful additives.
MSS vs NGVC — Head-to-Head
Income Statement — Q2 2026 vs Q1 2026
| Metric | | |
|---|---|---|
| Revenue | $27.6M | $335.6M |
| Net Profit | $-5.0M | $11.3M |
| Gross Margin | 23.4% | 29.5% |
| Operating Margin | -4.9% | 4.4% |
| Net Margin | -18.0% | 3.4% |
| Revenue YoY | -10.9% | 1.6% |
| Net Profit YoY | -1840.5% | 14.0% |
| EPS (diluted) | $-0.23 | $0.49 |
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.
| Q4 25 | $27.6M | $335.6M | ||
| Q3 25 | $27.2M | $336.1M | ||
| Q2 25 | $34.4M | $328.7M | ||
| Q1 25 | $32.3M | $335.8M | ||
| Q4 24 | $29.4M | $330.2M | ||
| Q3 24 | $28.2M | $322.7M | ||
| Q2 24 | $16.9M | $309.1M | ||
| Q1 24 | $13.6M | $308.1M |
| Q4 25 | $-5.0M | $11.3M | ||
| Q3 25 | $-1.5M | $11.8M | ||
| Q2 25 | $-287.4K | $11.6M | ||
| Q1 25 | $1.0M | $13.1M | ||
| Q4 24 | $-256.0K | $9.9M | ||
| Q3 24 | $700.9K | $9.0M | ||
| Q2 24 | $-2.8M | $9.2M | ||
| Q1 24 | $-549.0K | $8.0M |
| Q4 25 | 23.4% | 29.5% | ||
| Q3 25 | 24.1% | 29.5% | ||
| Q2 25 | 9.5% | 29.9% | ||
| Q1 25 | 21.8% | 30.3% | ||
| Q4 24 | 26.9% | 29.9% | ||
| Q3 24 | 28.9% | 29.6% | ||
| Q2 24 | 13.0% | 29.2% | ||
| Q1 24 | 23.4% | 29.3% |
| Q4 25 | -4.9% | 4.4% | ||
| Q3 25 | 0.7% | 4.6% | ||
| Q2 25 | -15.9% | 4.7% | ||
| Q1 25 | 3.7% | 5.2% | ||
| Q4 24 | 3.2% | 4.0% | ||
| Q3 24 | 7.3% | 3.7% | ||
| Q2 24 | -14.4% | 4.2% | ||
| Q1 24 | -2.3% | 3.7% |
| Q4 25 | -18.0% | 3.4% | ||
| Q3 25 | -5.7% | 3.5% | ||
| Q2 25 | -0.8% | 3.5% | ||
| Q1 25 | 3.1% | 3.9% | ||
| Q4 24 | -0.9% | 3.0% | ||
| Q3 24 | 2.5% | 2.8% | ||
| Q2 24 | -16.4% | 3.0% | ||
| Q1 24 | -4.0% | 2.6% |
| Q4 25 | $-0.23 | $0.49 | ||
| Q3 25 | $-0.08 | $0.51 | ||
| Q2 25 | $-0.02 | $0.50 | ||
| Q1 25 | $0.06 | $0.56 | ||
| Q4 24 | $-0.01 | $0.43 | ||
| Q3 24 | $0.04 | $0.38 | ||
| Q2 24 | $-0.16 | $0.40 | ||
| Q1 24 | $-0.03 | $0.35 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $23.2M |
| Total DebtLower is stronger | $2.6M | — |
| Stockholders' EquityBook value | $11.6M | $220.0M |
| Total Assets | $75.4M | $668.6M |
| Debt / EquityLower = less leverage | 0.22× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $23.2M | ||
| Q3 25 | $1.1M | $17.1M | ||
| Q2 25 | $775.4K | $13.2M | ||
| Q1 25 | $445.4K | $21.2M | ||
| Q4 24 | $355.7K | $6.3M | ||
| Q3 24 | $588.9K | $8.9M | ||
| Q2 24 | $2.1M | $13.9M | ||
| Q1 24 | $9.4M | $11.0M |
| Q4 25 | $2.6M | — | ||
| Q3 25 | $2.6M | — | ||
| Q2 25 | $2.6M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.5M | — | ||
| Q2 24 | $2.6M | — | ||
| Q1 24 | $2.6M | — |
| Q4 25 | $11.6M | $220.0M | ||
| Q3 25 | $10.1M | $212.4M | ||
| Q2 25 | $11.7M | $202.5M | ||
| Q1 25 | $12.0M | $193.0M | ||
| Q4 24 | $10.9M | $181.9M | ||
| Q3 24 | $11.2M | $174.3M | ||
| Q2 24 | $10.5M | $167.8M | ||
| Q1 24 | $13.3M | $160.0M |
| Q4 25 | $75.4M | $668.6M | ||
| Q3 25 | $73.3M | $670.5M | ||
| Q2 25 | $77.4M | $659.0M | ||
| Q1 25 | $82.7M | $664.6M | ||
| Q4 24 | $82.7M | $648.9M | ||
| Q3 24 | $82.1M | $655.5M | ||
| Q2 24 | $82.4M | $654.4M | ||
| Q1 24 | $44.2M | $656.6M |
| Q4 25 | 0.22× | — | ||
| Q3 25 | 0.26× | — | ||
| Q2 25 | 0.22× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.23× | — | ||
| Q2 24 | 0.24× | — | ||
| Q1 24 | 0.19× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-1.7M | $21.1M |
| Free Cash FlowOCF − Capex | — | $11.6M |
| FCF MarginFCF / Revenue | — | 3.4% |
| Capex IntensityCapex / Revenue | — | 2.9% |
| Cash ConversionOCF / Net Profit | — | 1.86× |
| TTM Free Cash FlowTrailing 4 quarters | — | $42.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.7M | $21.1M | ||
| Q3 25 | $1.1M | $15.6M | ||
| Q2 25 | $-1.6M | $2.9M | ||
| Q1 25 | $1.7M | $34.1M | ||
| Q4 24 | $1.1M | $2.7M | ||
| Q3 24 | $3.6M | $24.5M | ||
| Q2 24 | $-2.6M | $12.4M | ||
| Q1 24 | $-1.4M | $20.2M |
| Q4 25 | — | $11.6M | ||
| Q3 25 | — | $7.5M | ||
| Q2 25 | — | $-4.2M | ||
| Q1 25 | — | $27.6M | ||
| Q4 24 | — | $-6.9M | ||
| Q3 24 | — | $18.0M | ||
| Q2 24 | — | $3.6M | ||
| Q1 24 | — | $9.8M |
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | -1.3% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | — | -2.1% | ||
| Q3 24 | — | 5.6% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 3.2% |
| Q4 25 | — | 2.9% | ||
| Q3 25 | — | 2.4% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 3.4% |
| Q4 25 | — | 1.86× | ||
| Q3 25 | — | 1.32× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | 1.66× | 2.60× | ||
| Q4 24 | — | 0.27× | ||
| Q3 24 | 5.12× | 2.72× | ||
| Q2 24 | — | 1.35× | ||
| Q1 24 | — | 2.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MSS
| Perishables | $14.4M | 52% |
| Nonperishables | $13.2M | 48% |
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
