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

PETMED EXPRESS INC is the larger business by last-quarter revenue ($40.7M vs $27.6M, roughly 1.5× Maison Solutions Inc.). Maison Solutions Inc. runs the higher net margin — -18.0% vs -26.0%, a 8.0% gap on every dollar of revenue. On growth, Maison Solutions Inc. posted the faster year-over-year revenue change (-10.9% vs -23.3%). Over the past eight quarters, Maison Solutions Inc.'s revenue compounded faster (42.5% CAGR vs -20.9%).

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.

PetMed Express, Inc., also known as PetMeds, is an online pet pharmacy based in the United States. It is publicly traded and sells prescription and non-prescription pet medication.

MSS vs PETS — Head-to-Head

Bigger by revenue
PETS
PETS
1.5× larger
PETS
$40.7M
$27.6M
MSS
Growing faster (revenue YoY)
MSS
MSS
+12.3% gap
MSS
-10.9%
-23.3%
PETS
Higher net margin
MSS
MSS
8.0% more per $
MSS
-18.0%
-26.0%
PETS
Faster 2-yr revenue CAGR
MSS
MSS
Annualised
MSS
42.5%
-20.9%
PETS

Income Statement — Q2 FY2026 vs Q3 FY2026

Metric
MSS
MSS
PETS
PETS
Revenue
$27.6M
$40.7M
Net Profit
$-5.0M
$-10.6M
Gross Margin
23.4%
23.3%
Operating Margin
-4.9%
-25.7%
Net Margin
-18.0%
-26.0%
Revenue YoY
-10.9%
-23.3%
Net Profit YoY
-1840.5%
-1392.6%
EPS (diluted)
$-0.23
$-0.50

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
PETS
PETS
Q4 25
$27.6M
$40.7M
Q3 25
$27.2M
$44.4M
Q2 25
$34.4M
$51.2M
Q1 25
$32.3M
$50.8M
Q4 24
$29.4M
$52.0M
Q3 24
$28.2M
$58.0M
Q2 24
$16.9M
$66.2M
Q1 24
$13.6M
$65.1M
Net Profit
MSS
MSS
PETS
PETS
Q4 25
$-5.0M
$-10.6M
Q3 25
$-1.5M
$-8.5M
Q2 25
$-287.4K
$-34.2M
Q1 25
$1.0M
$-11.6M
Q4 24
$-256.0K
$-707.0K
Q3 24
$700.9K
$2.3M
Q2 24
$-2.8M
$3.8M
Q1 24
$-549.0K
$-5.0M
Gross Margin
MSS
MSS
PETS
PETS
Q4 25
23.4%
23.3%
Q3 25
24.1%
28.0%
Q2 25
9.5%
28.1%
Q1 25
21.8%
29.9%
Q4 24
26.9%
31.0%
Q3 24
28.9%
32.3%
Q2 24
13.0%
28.8%
Q1 24
23.4%
29.3%
Operating Margin
MSS
MSS
PETS
PETS
Q4 25
-4.9%
-25.7%
Q3 25
0.7%
-18.9%
Q2 25
-15.9%
-66.7%
Q1 25
3.7%
-11.9%
Q4 24
3.2%
-0.9%
Q3 24
7.3%
1.0%
Q2 24
-14.4%
6.6%
Q1 24
-2.3%
-5.9%
Net Margin
MSS
MSS
PETS
PETS
Q4 25
-18.0%
-26.0%
Q3 25
-5.7%
-19.2%
Q2 25
-0.8%
-66.7%
Q1 25
3.1%
-22.9%
Q4 24
-0.9%
-1.4%
Q3 24
2.5%
4.0%
Q2 24
-16.4%
5.7%
Q1 24
-4.0%
-7.7%
EPS (diluted)
MSS
MSS
PETS
PETS
Q4 25
$-0.23
$-0.50
Q3 25
$-0.08
$-0.41
Q2 25
$-0.02
$-1.65
Q1 25
$0.06
$-0.56
Q4 24
$-0.01
$-0.03
Q3 24
$0.04
$0.11
Q2 24
$-0.16
$0.18
Q1 24
$-0.03
$-0.24

Balance Sheet & Financial Strength

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

Metric
MSS
MSS
PETS
PETS
Cash + ST InvestmentsLiquidity on hand
$26.9M
Total DebtLower is stronger
$2.6M
Stockholders' EquityBook value
$11.6M
$32.8M
Total Assets
$75.4M
$88.0M
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MSS
MSS
PETS
PETS
Q4 25
$26.9M
Q3 25
$1.1M
$36.1M
Q2 25
$775.4K
$41.1M
Q1 25
$445.4K
$54.7M
Q4 24
$355.7K
$50.1M
Q3 24
$588.9K
$52.0M
Q2 24
$2.1M
$46.0M
Q1 24
$9.4M
$55.3M
Total Debt
MSS
MSS
PETS
PETS
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
Stockholders' Equity
MSS
MSS
PETS
PETS
Q4 25
$11.6M
$32.8M
Q3 25
$10.1M
$43.1M
Q2 25
$11.7M
$51.5M
Q1 25
$12.0M
$85.1M
Q4 24
$10.9M
$96.2M
Q3 24
$11.2M
$96.4M
Q2 24
$10.5M
$93.5M
Q1 24
$13.3M
$96.7M
Total Assets
MSS
MSS
PETS
PETS
Q4 25
$75.4M
$88.0M
Q3 25
$73.3M
$100.3M
Q2 25
$77.4M
$109.8M
Q1 25
$82.7M
$148.7M
Q4 24
$82.7M
$144.8M
Q3 24
$82.1M
$146.0M
Q2 24
$82.4M
$152.7M
Q1 24
$44.2M
$169.9M
Debt / Equity
MSS
MSS
PETS
PETS
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
MSS
MSS
PETS
PETS
Operating Cash FlowLast quarter
$-1.7M
$-9.2M
Free Cash FlowOCF − Capex
$-9.2M
FCF MarginFCF / Revenue
-22.7%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-23.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MSS
MSS
PETS
PETS
Q4 25
$-1.7M
$-9.2M
Q3 25
$1.1M
$-2.2M
Q2 25
$-1.6M
$-12.3M
Q1 25
$1.7M
$7.0M
Q4 24
$1.1M
$-1.2M
Q3 24
$3.6M
$7.4M
Q2 24
$-2.6M
$-8.5M
Q1 24
$-1.4M
$7.1M
Free Cash Flow
MSS
MSS
PETS
PETS
Q4 25
$-9.2M
Q3 25
$-4.8M
Q2 25
$-13.6M
Q1 25
$4.6M
Q4 24
$-1.9M
Q3 24
$6.1M
Q2 24
$-9.2M
Q1 24
$5.9M
FCF Margin
MSS
MSS
PETS
PETS
Q4 25
-22.7%
Q3 25
-10.8%
Q2 25
-26.5%
Q1 25
9.1%
Q4 24
-3.7%
Q3 24
10.6%
Q2 24
-13.9%
Q1 24
9.0%
Capex Intensity
MSS
MSS
PETS
PETS
Q4 25
0.1%
Q3 25
5.9%
Q2 25
2.5%
Q1 25
4.7%
Q4 24
1.5%
Q3 24
2.2%
Q2 24
1.0%
Q1 24
1.9%
Cash Conversion
MSS
MSS
PETS
PETS
Q4 25
Q3 25
Q2 25
Q1 25
1.66×
Q4 24
Q3 24
5.12×
3.18×
Q2 24
-2.27×
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%

PETS
PETS

Reorder$34.0M84%
New Order$5.0M12%
Membership Fees$1.6M4%

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