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Side-by-side financial comparison of Maison Solutions Inc. (MSS) and Net Lease Office Properties (NLOP). Click either name above to swap in a different company.

Net Lease Office Properties is the larger business by last-quarter revenue ($30.7M vs $27.6M, roughly 1.1× Maison Solutions Inc.). Net Lease Office Properties runs the higher net margin — -0.2% vs -18.0%, a 17.8% gap on every dollar of revenue. On growth, Net Lease Office Properties posted the faster year-over-year revenue change (10.9% vs -10.9%). Over the past eight quarters, Maison Solutions Inc.'s revenue compounded faster (42.5% CAGR vs -16.4%).

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.

Net Lease Office Properties is a real estate investment entity focused on acquiring, owning, and operating high-quality single-tenant net lease office assets, primarily located across the United States. It delivers stable, long-term income streams to investors through its curated portfolio of commercial real estate holdings.

MSS vs NLOP — Head-to-Head

Bigger by revenue
NLOP
NLOP
1.1× larger
NLOP
$30.7M
$27.6M
MSS
Growing faster (revenue YoY)
NLOP
NLOP
+21.8% gap
NLOP
10.9%
-10.9%
MSS
Higher net margin
NLOP
NLOP
17.8% more per $
NLOP
-0.2%
-18.0%
MSS
Faster 2-yr revenue CAGR
MSS
MSS
Annualised
MSS
42.5%
-16.4%
NLOP

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
MSS
MSS
NLOP
NLOP
Revenue
$27.6M
$30.7M
Net Profit
$-5.0M
$-53.0K
Gross Margin
23.4%
Operating Margin
-4.9%
-0.2%
Net Margin
-18.0%
-0.2%
Revenue YoY
-10.9%
10.9%
Net Profit YoY
-1840.5%
99.9%
EPS (diluted)
$-0.23
$-0.01

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
MSS
MSS
NLOP
NLOP
Q4 25
$27.6M
$30.7M
Q3 25
$27.2M
$29.8M
Q2 25
$34.4M
$29.2M
Q1 25
$32.3M
$29.2M
Q4 24
$29.4M
$27.7M
Q3 24
$28.2M
$31.5M
Q2 24
$16.9M
$39.0M
Q1 24
$13.6M
$44.0M
Net Profit
MSS
MSS
NLOP
NLOP
Q4 25
$-5.0M
$-53.0K
Q3 25
$-1.5M
$-64.2M
Q2 25
$-287.4K
$-81.5M
Q1 25
$1.0M
$492.0K
Q4 24
$-256.0K
$-35.8M
Q3 24
$700.9K
$-40.3M
Q2 24
$-2.8M
$12.5M
Q1 24
$-549.0K
$-27.8M
Gross Margin
MSS
MSS
NLOP
NLOP
Q4 25
23.4%
Q3 25
24.1%
Q2 25
9.5%
Q1 25
21.8%
Q4 24
26.9%
Q3 24
28.9%
Q2 24
13.0%
Q1 24
23.4%
Operating Margin
MSS
MSS
NLOP
NLOP
Q4 25
-4.9%
-0.2%
Q3 25
0.7%
-215.2%
Q2 25
-15.9%
-279.1%
Q1 25
3.7%
2.0%
Q4 24
3.2%
-140.7%
Q3 24
7.3%
-126.4%
Q2 24
-14.4%
32.3%
Q1 24
-2.3%
-62.7%
Net Margin
MSS
MSS
NLOP
NLOP
Q4 25
-18.0%
-0.2%
Q3 25
-5.7%
-215.4%
Q2 25
-0.8%
-279.5%
Q1 25
3.1%
1.7%
Q4 24
-0.9%
-129.0%
Q3 24
2.5%
-128.0%
Q2 24
-16.4%
31.9%
Q1 24
-4.0%
-63.3%
EPS (diluted)
MSS
MSS
NLOP
NLOP
Q4 25
$-0.23
$-0.01
Q3 25
$-0.08
$-4.33
Q2 25
$-0.02
$-5.50
Q1 25
$0.06
$0.03
Q4 24
$-0.01
$-2.41
Q3 24
$0.04
$-2.73
Q2 24
$-0.16
$0.84
Q1 24
$-0.03
$-1.88

Balance Sheet & Financial Strength

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

Metric
MSS
MSS
NLOP
NLOP
Cash + ST InvestmentsLiquidity on hand
$119.6M
Total DebtLower is stronger
$2.6M
$21.9M
Stockholders' EquityBook value
$11.6M
$293.9M
Total Assets
$75.4M
$453.4M
Debt / EquityLower = less leverage
0.22×
0.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MSS
MSS
NLOP
NLOP
Q4 25
$119.6M
Q3 25
$1.1M
$38.7M
Q2 25
$775.4K
$54.1M
Q1 25
$445.4K
$28.2M
Q4 24
$355.7K
$25.1M
Q3 24
$588.9K
$36.1M
Q2 24
$2.1M
$36.1M
Q1 24
$9.4M
$39.8M
Total Debt
MSS
MSS
NLOP
NLOP
Q4 25
$2.6M
$21.9M
Q3 25
$2.6M
$47.1M
Q2 25
$2.6M
$117.2M
Q1 25
$148.5M
Q4 24
$169.2M
Q3 24
$2.5M
$239.4M
Q2 24
$2.6M
$327.4M
Q1 24
$2.6M
$515.2M
Stockholders' Equity
MSS
MSS
NLOP
NLOP
Q4 25
$11.6M
$293.9M
Q3 25
$10.1M
$430.3M
Q2 25
$11.7M
$500.0M
Q1 25
$12.0M
$582.1M
Q4 24
$10.9M
$581.2M
Q3 24
$11.2M
$621.9M
Q2 24
$10.5M
$660.3M
Q1 24
$13.3M
$647.2M
Total Assets
MSS
MSS
NLOP
NLOP
Q4 25
$75.4M
$453.4M
Q3 25
$73.3M
$522.6M
Q2 25
$77.4M
$668.7M
Q1 25
$82.7M
$784.1M
Q4 24
$82.7M
$805.1M
Q3 24
$82.1M
$919.9M
Q2 24
$82.4M
$1.0B
Q1 24
$44.2M
$1.2B
Debt / Equity
MSS
MSS
NLOP
NLOP
Q4 25
0.22×
0.07×
Q3 25
0.26×
0.11×
Q2 25
0.22×
0.23×
Q1 25
0.26×
Q4 24
0.29×
Q3 24
0.23×
0.38×
Q2 24
0.24×
0.50×
Q1 24
0.19×
0.80×

Cash Flow & Capital Efficiency

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

Metric
MSS
MSS
NLOP
NLOP
Operating Cash FlowLast quarter
$-1.7M
$64.1M
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
MSS
MSS
NLOP
NLOP
Q4 25
$-1.7M
$64.1M
Q3 25
$1.1M
$16.3M
Q2 25
$-1.6M
$11.7M
Q1 25
$1.7M
$14.1M
Q4 24
$1.1M
$71.9M
Q3 24
$3.6M
$20.3M
Q2 24
$-2.6M
$14.7M
Q1 24
$-1.4M
$26.4M
Cash Conversion
MSS
MSS
NLOP
NLOP
Q4 25
Q3 25
Q2 25
Q1 25
1.66×
28.70×
Q4 24
Q3 24
5.12×
Q2 24
1.18×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

MSS
MSS

Perishables$14.4M52%
Nonperishables$13.2M48%

NLOP
NLOP

Segment breakdown not available.

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