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Side-by-side financial comparison of Maison Solutions Inc. (MSS) and NELNET INC (NNI). Click either name above to swap in a different company.

NELNET INC is the larger business by last-quarter revenue ($33.5M vs $27.6M, roughly 1.2× Maison Solutions Inc.). NELNET INC runs the higher net margin — 172.3% vs -18.0%, a 190.2% gap on every dollar of revenue. On growth, NELNET INC posted the faster year-over-year revenue change (79.6% vs -10.9%). Over the past eight quarters, NELNET INC's revenue compounded faster (62.0% CAGR vs 42.5%).

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.

Nelnet, Inc. is a United States–based conglomerate that primarily focuses on financial services including student and consumer loan origination and servicing. Additionally, the company operates an investing arm, an internet bank and has a 26% stake in Allo Fiber, a cable and internet provider. The company is headquartered in Lincoln, Nebraska.

MSS vs NNI — Head-to-Head

Bigger by revenue
NNI
NNI
1.2× larger
NNI
$33.5M
$27.6M
MSS
Growing faster (revenue YoY)
NNI
NNI
+90.6% gap
NNI
79.6%
-10.9%
MSS
Higher net margin
NNI
NNI
190.2% more per $
NNI
172.3%
-18.0%
MSS
Faster 2-yr revenue CAGR
NNI
NNI
Annualised
NNI
62.0%
42.5%
MSS

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
MSS
MSS
NNI
NNI
Revenue
$27.6M
$33.5M
Net Profit
$-5.0M
$57.8M
Gross Margin
23.4%
50.5%
Operating Margin
-4.9%
Net Margin
-18.0%
172.3%
Revenue YoY
-10.9%
79.6%
Net Profit YoY
-1840.5%
-8.5%
EPS (diluted)
$-0.23
$1.62

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
NNI
NNI
Q4 25
$27.6M
$33.5M
Q3 25
$27.2M
$23.2M
Q2 25
$34.4M
$26.1M
Q1 25
$32.3M
$24.7M
Q4 24
$29.4M
$18.7M
Q3 24
$28.2M
$16.6M
Q2 24
$16.9M
$14.9M
Q1 24
$13.6M
$12.8M
Net Profit
MSS
MSS
NNI
NNI
Q4 25
$-5.0M
$57.8M
Q3 25
$-1.5M
$106.7M
Q2 25
$-287.4K
$181.5M
Q1 25
$1.0M
$82.6M
Q4 24
$-256.0K
$63.2M
Q3 24
$700.9K
$2.4M
Q2 24
$-2.8M
$45.1M
Q1 24
$-549.0K
$73.4M
Gross Margin
MSS
MSS
NNI
NNI
Q4 25
23.4%
50.5%
Q3 25
24.1%
29.6%
Q2 25
9.5%
29.8%
Q1 25
21.8%
30.5%
Q4 24
26.9%
13.7%
Q3 24
28.9%
0.1%
Q2 24
13.0%
27.3%
Q1 24
23.4%
15.3%
Operating Margin
MSS
MSS
NNI
NNI
Q4 25
-4.9%
Q3 25
0.7%
Q2 25
-15.9%
Q1 25
3.7%
Q4 24
3.2%
97.7%
Q3 24
7.3%
-13.4%
Q2 24
-14.4%
88.0%
Q1 24
-2.3%
Net Margin
MSS
MSS
NNI
NNI
Q4 25
-18.0%
172.3%
Q3 25
-5.7%
460.5%
Q2 25
-0.8%
694.9%
Q1 25
3.1%
334.4%
Q4 24
-0.9%
338.2%
Q3 24
2.5%
14.4%
Q2 24
-16.4%
303.6%
Q1 24
-4.0%
574.4%
EPS (diluted)
MSS
MSS
NNI
NNI
Q4 25
$-0.23
$1.62
Q3 25
$-0.08
$2.94
Q2 25
$-0.02
$4.97
Q1 25
$0.06
$2.26
Q4 24
$-0.01
$1.74
Q3 24
$0.04
$0.07
Q2 24
$-0.16
$1.23
Q1 24
$-0.03
$1.98

Balance Sheet & Financial Strength

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

Metric
MSS
MSS
NNI
NNI
Cash + ST InvestmentsLiquidity on hand
$296.0M
Total DebtLower is stronger
$2.6M
$7.8B
Stockholders' EquityBook value
$11.6M
$3.7B
Total Assets
$75.4M
$14.1B
Debt / EquityLower = less leverage
0.22×
2.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MSS
MSS
NNI
NNI
Q4 25
$296.0M
Q3 25
$1.1M
$216.4M
Q2 25
$775.4K
$225.8M
Q1 25
$445.4K
$220.5M
Q4 24
$355.7K
$194.5M
Q3 24
$588.9K
$219.7M
Q2 24
$2.1M
$145.5M
Q1 24
$9.4M
$179.7M
Total Debt
MSS
MSS
NNI
NNI
Q4 25
$2.6M
$7.8B
Q3 25
$2.6M
$7.8B
Q2 25
$2.6M
$7.9B
Q1 25
$8.7B
Q4 24
$8.3B
Q3 24
$2.5M
$8.9B
Q2 24
$2.6M
$9.6B
Q1 24
$2.6M
$10.6B
Stockholders' Equity
MSS
MSS
NNI
NNI
Q4 25
$11.6M
$3.7B
Q3 25
$10.1M
$3.7B
Q2 25
$11.7M
$3.6B
Q1 25
$12.0M
$3.4B
Q4 24
$10.9M
$3.3B
Q3 24
$11.2M
$3.3B
Q2 24
$10.5M
$3.3B
Q1 24
$13.3M
$3.3B
Total Assets
MSS
MSS
NNI
NNI
Q4 25
$75.4M
$14.1B
Q3 25
$73.3M
$13.9B
Q2 25
$77.4M
$13.7B
Q1 25
$82.7M
$14.2B
Q4 24
$82.7M
$13.8B
Q3 24
$82.1M
$14.1B
Q2 24
$82.4M
$14.5B
Q1 24
$44.2M
$15.4B
Debt / Equity
MSS
MSS
NNI
NNI
Q4 25
0.22×
2.11×
Q3 25
0.26×
2.14×
Q2 25
0.22×
2.21×
Q1 25
2.53×
Q4 24
2.48×
Q3 24
0.23×
2.72×
Q2 24
0.24×
2.90×
Q1 24
0.19×
3.20×

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
NNI
NNI
Operating Cash FlowLast quarter
$-1.7M
$423.0M
Free Cash FlowOCF − Capex
$396.7M
FCF MarginFCF / Revenue
1183.0%
Capex IntensityCapex / Revenue
78.2%
Cash ConversionOCF / Net Profit
7.32×
TTM Free Cash FlowTrailing 4 quarters
$663.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MSS
MSS
NNI
NNI
Q4 25
$-1.7M
$423.0M
Q3 25
$1.1M
$112.4M
Q2 25
$-1.6M
$81.8M
Q1 25
$1.7M
$91.2M
Q4 24
$1.1M
$662.9M
Q3 24
$3.6M
$137.0M
Q2 24
$-2.6M
$133.8M
Q1 24
$-1.4M
$211.6M
Free Cash Flow
MSS
MSS
NNI
NNI
Q4 25
$396.7M
Q3 25
$100.8M
Q2 25
$78.1M
Q1 25
$87.8M
Q4 24
$642.0M
Q3 24
$132.6M
Q2 24
$123.1M
Q1 24
$188.3M
FCF Margin
MSS
MSS
NNI
NNI
Q4 25
1183.0%
Q3 25
435.0%
Q2 25
299.0%
Q1 25
355.6%
Q4 24
3438.0%
Q3 24
797.9%
Q2 24
829.2%
Q1 24
1473.7%
Capex Intensity
MSS
MSS
NNI
NNI
Q4 25
78.2%
Q3 25
50.4%
Q2 25
14.2%
Q1 25
13.7%
Q4 24
111.9%
Q3 24
26.7%
Q2 24
71.5%
Q1 24
181.7%
Cash Conversion
MSS
MSS
NNI
NNI
Q4 25
7.32×
Q3 25
1.05×
Q2 25
0.45×
Q1 25
1.66×
1.10×
Q4 24
10.50×
Q3 24
5.12×
57.39×
Q2 24
2.97×
Q1 24
2.88×

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%

NNI
NNI

Segment breakdown not available.

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