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Side-by-side financial comparison of Maison Solutions Inc. (MSS) and SBC Medical Group Holdings Inc (SBC). Click either name above to swap in a different company.

SBC Medical Group Holdings Inc is the larger business by last-quarter revenue ($39.6M vs $27.6M, roughly 1.4× Maison Solutions Inc.). SBC Medical Group Holdings Inc runs the higher net margin — 35.9% vs -18.0%, a 53.9% gap on every dollar of revenue. On growth, SBC Medical Group Holdings Inc 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 -15.0%).

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.

SBC Medical Group Holdings Inc. is a leading Japan-headquartered healthcare provider primarily focused on aesthetic medicine, dermatology, and anti-aging wellness services. It operates an extensive network of clinics across Japan, catering to both domestic patients and international medical tourists, with core offerings including cosmetic surgery and non-invasive skincare treatments.

MSS vs SBC — Head-to-Head

Bigger by revenue
SBC
SBC
1.4× larger
SBC
$39.6M
$27.6M
MSS
Growing faster (revenue YoY)
SBC
SBC
+0.0% gap
SBC
-10.9%
-10.9%
MSS
Higher net margin
SBC
SBC
53.9% more per $
SBC
35.9%
-18.0%
MSS
Faster 2-yr revenue CAGR
MSS
MSS
Annualised
MSS
42.5%
-15.0%
SBC

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
MSS
MSS
SBC
SBC
Revenue
$27.6M
$39.6M
Net Profit
$-5.0M
$14.2M
Gross Margin
23.4%
73.1%
Operating Margin
-4.9%
32.5%
Net Margin
-18.0%
35.9%
Revenue YoY
-10.9%
-10.9%
Net Profit YoY
-1840.5%
117.2%
EPS (diluted)
$-0.23
$0.15

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
SBC
SBC
Q4 25
$27.6M
$39.6M
Q3 25
$27.2M
$43.4M
Q2 25
$34.4M
$43.4M
Q1 25
$32.3M
$47.3M
Q4 24
$29.4M
$44.4M
Q3 24
$28.2M
$53.1M
Q2 24
$16.9M
$53.1M
Q1 24
$13.6M
$54.8M
Net Profit
MSS
MSS
SBC
SBC
Q4 25
$-5.0M
$14.2M
Q3 25
$-1.5M
$12.8M
Q2 25
$-287.4K
$2.5M
Q1 25
$1.0M
$21.5M
Q4 24
$-256.0K
$6.5M
Q3 24
$700.9K
$2.8M
Q2 24
$-2.8M
$18.5M
Q1 24
$-549.0K
$18.8M
Gross Margin
MSS
MSS
SBC
SBC
Q4 25
23.4%
73.1%
Q3 25
24.1%
70.6%
Q2 25
9.5%
69.2%
Q1 25
21.8%
79.7%
Q4 24
26.9%
76.3%
Q3 24
28.9%
81.5%
Q2 24
13.0%
74.2%
Q1 24
23.4%
72.1%
Operating Margin
MSS
MSS
SBC
SBC
Q4 25
-4.9%
32.5%
Q3 25
0.7%
36.6%
Q2 25
-15.9%
33.6%
Q1 25
3.7%
51.1%
Q4 24
3.2%
10.6%
Q3 24
7.3%
26.1%
Q2 24
-14.4%
51.4%
Q1 24
-2.3%
44.6%
Net Margin
MSS
MSS
SBC
SBC
Q4 25
-18.0%
35.9%
Q3 25
-5.7%
29.6%
Q2 25
-0.8%
5.7%
Q1 25
3.1%
45.4%
Q4 24
-0.9%
14.7%
Q3 24
2.5%
5.3%
Q2 24
-16.4%
34.8%
Q1 24
-4.0%
34.2%
EPS (diluted)
MSS
MSS
SBC
SBC
Q4 25
$-0.23
$0.15
Q3 25
$-0.08
$0.12
Q2 25
$-0.02
$0.02
Q1 25
$0.06
$0.21
Q4 24
$-0.01
$0.05
Q3 24
$0.04
$0.03
Q2 24
$-0.16
$0.20
Q1 24
$-0.03
$0.20

Balance Sheet & Financial Strength

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

Metric
MSS
MSS
SBC
SBC
Cash + ST InvestmentsLiquidity on hand
$164.1M
Total DebtLower is stronger
$2.6M
$42.8M
Stockholders' EquityBook value
$11.6M
$248.3M
Total Assets
$75.4M
$380.4M
Debt / EquityLower = less leverage
0.22×
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MSS
MSS
SBC
SBC
Q4 25
$164.1M
Q3 25
$1.1M
$127.4M
Q2 25
$775.4K
$152.7M
Q1 25
$445.4K
$132.1M
Q4 24
$355.7K
$125.0M
Q3 24
$588.9K
$137.4M
Q2 24
$2.1M
Q1 24
$9.4M
Total Debt
MSS
MSS
SBC
SBC
Q4 25
$2.6M
$42.8M
Q3 25
$2.6M
$21.1M
Q2 25
$2.6M
$7.1M
Q1 25
$6.9M
Q4 24
$6.6M
Q3 24
$2.5M
$823.2K
Q2 24
$2.6M
Q1 24
$2.6M
Stockholders' Equity
MSS
MSS
SBC
SBC
Q4 25
$11.6M
$248.3M
Q3 25
$10.1M
$248.0M
Q2 25
$11.7M
$244.6M
Q1 25
$12.0M
$226.4M
Q4 24
$10.9M
$195.1M
Q3 24
$11.2M
$205.0M
Q2 24
$10.5M
$8.8M
Q1 24
$13.3M
$9.0M
Total Assets
MSS
MSS
SBC
SBC
Q4 25
$75.4M
$380.4M
Q3 25
$73.3M
$321.4M
Q2 25
$77.4M
$315.3M
Q1 25
$82.7M
$284.6M
Q4 24
$82.7M
$266.1M
Q3 24
$82.1M
$296.5M
Q2 24
$82.4M
$19.5M
Q1 24
$44.2M
$19.8M
Debt / Equity
MSS
MSS
SBC
SBC
Q4 25
0.22×
0.17×
Q3 25
0.26×
0.09×
Q2 25
0.22×
0.03×
Q1 25
0.03×
Q4 24
0.03×
Q3 24
0.23×
0.00×
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
SBC
SBC
Operating Cash FlowLast quarter
$-1.7M
$52.0M
Free Cash FlowOCF − Capex
$51.2M
FCF MarginFCF / Revenue
129.3%
Capex IntensityCapex / Revenue
2.0%
Cash ConversionOCF / Net Profit
3.66×
TTM Free Cash FlowTrailing 4 quarters
$23.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MSS
MSS
SBC
SBC
Q4 25
$-1.7M
$52.0M
Q3 25
$1.1M
$-20.9M
Q2 25
$-1.6M
$-8.3M
Q1 25
$1.7M
$1.9M
Q4 24
$1.1M
$-7.3M
Q3 24
$3.6M
$5.0M
Q2 24
$-2.6M
$19.2M
Q1 24
$-1.4M
$3.7M
Free Cash Flow
MSS
MSS
SBC
SBC
Q4 25
$51.2M
Q3 25
$-20.9M
Q2 25
$-8.6M
Q1 25
$1.7M
Q4 24
$-7.9M
Q3 24
$4.6M
Q2 24
$18.3M
Q1 24
$3.0M
FCF Margin
MSS
MSS
SBC
SBC
Q4 25
129.3%
Q3 25
-48.3%
Q2 25
-19.9%
Q1 25
3.5%
Q4 24
-17.8%
Q3 24
8.7%
Q2 24
34.5%
Q1 24
5.4%
Capex Intensity
MSS
MSS
SBC
SBC
Q4 25
2.0%
Q3 25
0.1%
Q2 25
0.7%
Q1 25
0.5%
Q4 24
1.3%
Q3 24
0.8%
Q2 24
1.6%
Q1 24
1.3%
Cash Conversion
MSS
MSS
SBC
SBC
Q4 25
3.66×
Q3 25
-1.63×
Q2 25
-3.39×
Q1 25
1.66×
0.09×
Q4 24
-1.12×
Q3 24
5.12×
1.77×
Q2 24
1.04×
Q1 24
0.20×

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%

SBC
SBC

Franchising$10.3M26%
Medical Corporation Shobikai$8.1M21%
Medical Corporation Nasukai$7.2M18%
Management Services$6.3M16%
Rental Services$4.3M11%
Medical Corporation Association Furinkai$3.0M8%
Japan Medical And Beauty Inc$656.5K2%

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