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Side-by-side financial comparison of Maison Solutions Inc. (MSS) and Alpine Income Property Trust, Inc. (PINE). Click either name above to swap in a different company.

Maison Solutions Inc. is the larger business by last-quarter revenue ($27.6M vs $18.4M, roughly 1.5× Alpine Income Property Trust, Inc.). Alpine Income Property Trust, Inc. runs the higher net margin — 11.9% vs -18.0%, a 29.9% gap on every dollar of revenue. On growth, Alpine Income Property Trust, Inc. posted the faster year-over-year revenue change (29.6% vs -10.9%). Over the past eight quarters, Maison Solutions Inc.'s revenue compounded faster (42.5% CAGR vs 21.4%).

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.

Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust that owns and operates a diversified portfolio of single-tenant net lease commercial properties across the United States. Its core asset segments include essential retail, industrial, and suburban office spaces, delivering stable recurring rental revenue to support consistent returns for its shareholders.

MSS vs PINE — Head-to-Head

Bigger by revenue
MSS
MSS
1.5× larger
MSS
$27.6M
$18.4M
PINE
Growing faster (revenue YoY)
PINE
PINE
+40.5% gap
PINE
29.6%
-10.9%
MSS
Higher net margin
PINE
PINE
29.9% more per $
PINE
11.9%
-18.0%
MSS
Faster 2-yr revenue CAGR
MSS
MSS
Annualised
MSS
42.5%
21.4%
PINE

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
MSS
MSS
PINE
PINE
Revenue
$27.6M
$18.4M
Net Profit
$-5.0M
$2.2M
Gross Margin
23.4%
Operating Margin
-4.9%
35.4%
Net Margin
-18.0%
11.9%
Revenue YoY
-10.9%
29.6%
Net Profit YoY
-1840.5%
285.3%
EPS (diluted)
$-0.23
$0.06

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
PINE
PINE
Q1 26
$18.4M
Q4 25
$27.6M
$16.9M
Q3 25
$27.2M
$14.6M
Q2 25
$34.4M
$14.9M
Q1 25
$32.3M
$14.2M
Q4 24
$29.4M
$13.8M
Q3 24
$28.2M
$13.5M
Q2 24
$16.9M
$12.5M
Net Profit
MSS
MSS
PINE
PINE
Q1 26
$2.2M
Q4 25
$-5.0M
$1.5M
Q3 25
$-1.5M
$-1.3M
Q2 25
$-287.4K
$-1.6M
Q1 25
$1.0M
$-1.2M
Q4 24
$-256.0K
$-958.0K
Q3 24
$700.9K
$3.1M
Q2 24
$-2.8M
$204.0K
Gross Margin
MSS
MSS
PINE
PINE
Q1 26
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%
Operating Margin
MSS
MSS
PINE
PINE
Q1 26
35.4%
Q4 25
-4.9%
35.3%
Q3 25
0.7%
16.6%
Q2 25
-15.9%
16.8%
Q1 25
3.7%
16.0%
Q4 24
3.2%
14.3%
Q3 24
7.3%
47.9%
Q2 24
-14.4%
24.0%
Net Margin
MSS
MSS
PINE
PINE
Q1 26
11.9%
Q4 25
-18.0%
8.7%
Q3 25
-5.7%
-9.0%
Q2 25
-0.8%
-11.0%
Q1 25
3.1%
-8.3%
Q4 24
-0.9%
-6.9%
Q3 24
2.5%
22.8%
Q2 24
-16.4%
1.6%
EPS (diluted)
MSS
MSS
PINE
PINE
Q1 26
$0.06
Q4 25
$-0.23
$0.07
Q3 25
$-0.08
$-0.09
Q2 25
$-0.02
$-0.12
Q1 25
$0.06
$-0.08
Q4 24
$-0.01
$-0.06
Q3 24
$0.04
$0.21
Q2 24
$-0.16
$0.01

Balance Sheet & Financial Strength

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

Metric
MSS
MSS
PINE
PINE
Cash + ST InvestmentsLiquidity on hand
$2.6M
Total DebtLower is stronger
$2.6M
Stockholders' EquityBook value
$11.6M
$312.5M
Total Assets
$75.4M
$745.1M
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MSS
MSS
PINE
PINE
Q1 26
$2.6M
Q4 25
$4.6M
Q3 25
$1.1M
$1.2M
Q2 25
$775.4K
$5.0M
Q1 25
$445.4K
$6.1M
Q4 24
$355.7K
$1.6M
Q3 24
$588.9K
$2.6M
Q2 24
$2.1M
$3.3M
Total Debt
MSS
MSS
PINE
PINE
Q1 26
Q4 25
$2.6M
$377.7M
Q3 25
$2.6M
$358.2M
Q2 25
$2.6M
$352.6M
Q1 25
$356.5M
Q4 24
$301.5M
Q3 24
$2.5M
$278.9M
Q2 24
$2.6M
$268.3M
Stockholders' Equity
MSS
MSS
PINE
PINE
Q1 26
$312.5M
Q4 25
$11.6M
$279.9M
Q3 25
$10.1M
$223.5M
Q2 25
$11.7M
$229.8M
Q1 25
$12.0M
$240.9M
Q4 24
$10.9M
$253.0M
Q3 24
$11.2M
$248.2M
Q2 24
$10.5M
$244.0M
Total Assets
MSS
MSS
PINE
PINE
Q1 26
$745.1M
Q4 25
$75.4M
$715.9M
Q3 25
$73.3M
$621.4M
Q2 25
$77.4M
$628.4M
Q1 25
$82.7M
$647.4M
Q4 24
$82.7M
$605.0M
Q3 24
$82.1M
$579.0M
Q2 24
$82.4M
$565.8M
Debt / Equity
MSS
MSS
PINE
PINE
Q1 26
Q4 25
0.22×
1.35×
Q3 25
0.26×
1.60×
Q2 25
0.22×
1.53×
Q1 25
1.48×
Q4 24
1.19×
Q3 24
0.23×
1.12×
Q2 24
0.24×
1.10×

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
PINE
PINE
Operating Cash FlowLast quarter
$-1.7M
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
PINE
PINE
Q1 26
Q4 25
$-1.7M
$25.8M
Q3 25
$1.1M
$8.7M
Q2 25
$-1.6M
$9.1M
Q1 25
$1.7M
$5.8M
Q4 24
$1.1M
$23.4M
Q3 24
$3.6M
$6.2M
Q2 24
$-2.6M
$8.0M
Free Cash Flow
MSS
MSS
PINE
PINE
Q1 26
Q4 25
$-87.8M
Q3 25
$-48.8M
Q2 25
$-3.0M
Q1 25
$-55.5M
Q4 24
$-33.4M
Q3 24
$-43.0M
Q2 24
$-13.5M
FCF Margin
MSS
MSS
PINE
PINE
Q1 26
Q4 25
-519.4%
Q3 25
-334.9%
Q2 25
-20.0%
Q1 25
-391.0%
Q4 24
-242.4%
Q3 24
-319.3%
Q2 24
-108.0%
Capex Intensity
MSS
MSS
PINE
PINE
Q1 26
Q4 25
671.8%
Q3 25
394.8%
Q2 25
81.2%
Q1 25
432.0%
Q4 24
412.3%
Q3 24
365.4%
Q2 24
172.3%
Cash Conversion
MSS
MSS
PINE
PINE
Q1 26
Q4 25
17.48×
Q3 25
Q2 25
Q1 25
1.66×
Q4 24
Q3 24
5.12×
2.02×
Q2 24
39.37×

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%

PINE
PINE

Lease Income$12.6M68%
Other$5.8M31%
Other Revenue$46.0K0%

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