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Side-by-side financial comparison of Maison Solutions Inc. (MSS) and SMITH MIDLAND CORP (SMID). Click either name above to swap in a different company.

Maison Solutions Inc. is the larger business by last-quarter revenue ($27.6M vs $23.1M, roughly 1.2× SMITH MIDLAND CORP). SMITH MIDLAND CORP runs the higher net margin — 9.2% vs -18.0%, a 27.2% gap on every dollar of revenue. On growth, SMITH MIDLAND CORP posted the faster year-over-year revenue change (24.7% vs -10.9%). Over the past eight quarters, Maison Solutions Inc.'s revenue compounded faster (42.5% CAGR vs 17.4%).

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.

Smith Midland Corp is a specialized manufacturer of precast concrete products for infrastructure, commercial, residential and industrial construction uses. Its key product lines include highway safety barriers, acoustic sound walls, architectural precast panels, and stormwater management systems, serving primarily the North American market with durable, sustainable construction solutions.

MSS vs SMID — Head-to-Head

Bigger by revenue
MSS
MSS
1.2× larger
MSS
$27.6M
$23.1M
SMID
Growing faster (revenue YoY)
SMID
SMID
+35.7% gap
SMID
24.7%
-10.9%
MSS
Higher net margin
SMID
SMID
27.2% more per $
SMID
9.2%
-18.0%
MSS
Faster 2-yr revenue CAGR
MSS
MSS
Annualised
MSS
42.5%
17.4%
SMID

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
MSS
MSS
SMID
SMID
Revenue
$27.6M
$23.1M
Net Profit
$-5.0M
$2.1M
Gross Margin
23.4%
57.5%
Operating Margin
-4.9%
37.8%
Net Margin
-18.0%
9.2%
Revenue YoY
-10.9%
24.7%
Net Profit YoY
-1840.5%
52.5%
EPS (diluted)
$-0.23
$0.41

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
SMID
SMID
Q4 25
$27.6M
$23.1M
Q3 25
$27.2M
$21.5M
Q2 25
$34.4M
$26.2M
Q1 25
$32.3M
$22.7M
Q4 24
$29.4M
$18.5M
Q3 24
$28.2M
$23.6M
Q2 24
$16.9M
$19.6M
Q1 24
$13.6M
$16.8M
Net Profit
MSS
MSS
SMID
SMID
Q4 25
$-5.0M
$2.1M
Q3 25
$-1.5M
$2.9M
Q2 25
$-287.4K
$4.2M
Q1 25
$1.0M
$3.3M
Q4 24
$-256.0K
$1.4M
Q3 24
$700.9K
$3.1M
Q2 24
$-2.8M
$2.0M
Q1 24
$-549.0K
$1.1M
Gross Margin
MSS
MSS
SMID
SMID
Q4 25
23.4%
57.5%
Q3 25
24.1%
26.8%
Q2 25
9.5%
0.0%
Q1 25
21.8%
30.7%
Q4 24
26.9%
51.4%
Q3 24
28.9%
27.9%
Q2 24
13.0%
0.0%
Q1 24
23.4%
23.3%
Operating Margin
MSS
MSS
SMID
SMID
Q4 25
-4.9%
37.8%
Q3 25
0.7%
18.0%
Q2 25
-15.9%
0.0%
Q1 25
3.7%
19.3%
Q4 24
3.2%
24.5%
Q3 24
7.3%
16.3%
Q2 24
-14.4%
0.0%
Q1 24
-2.3%
9.0%
Net Margin
MSS
MSS
SMID
SMID
Q4 25
-18.0%
9.2%
Q3 25
-5.7%
13.4%
Q2 25
-0.8%
15.9%
Q1 25
3.1%
14.7%
Q4 24
-0.9%
7.5%
Q3 24
2.5%
13.4%
Q2 24
-16.4%
10.1%
Q1 24
-4.0%
6.8%
EPS (diluted)
MSS
MSS
SMID
SMID
Q4 25
$-0.23
$0.41
Q3 25
$-0.08
$0.54
Q2 25
$-0.02
$0.79
Q1 25
$0.06
$0.62
Q4 24
$-0.01
$0.28
Q3 24
$0.04
$0.59
Q2 24
$-0.16
$0.37
Q1 24
$-0.03
$0.21

Balance Sheet & Financial Strength

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

Metric
MSS
MSS
SMID
SMID
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$2.6M
Stockholders' EquityBook value
$11.6M
$54.3M
Total Assets
$75.4M
$87.7M
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MSS
MSS
SMID
SMID
Q4 25
Q3 25
$1.1M
Q2 25
$775.4K
Q1 25
$445.4K
Q4 24
$355.7K
Q3 24
$588.9K
Q2 24
$2.1M
Q1 24
$9.4M
Total Debt
MSS
MSS
SMID
SMID
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
SMID
SMID
Q4 25
$11.6M
$54.3M
Q3 25
$10.1M
$52.1M
Q2 25
$11.7M
$49.2M
Q1 25
$12.0M
$45.1M
Q4 24
$10.9M
$41.7M
Q3 24
$11.2M
$40.3M
Q2 24
$10.5M
$37.2M
Q1 24
$13.3M
$35.3M
Total Assets
MSS
MSS
SMID
SMID
Q4 25
$75.4M
$87.7M
Q3 25
$73.3M
$85.4M
Q2 25
$77.4M
$81.2K
Q1 25
$82.7M
$74.7M
Q4 24
$82.7M
$68.0M
Q3 24
$82.1M
$66.6M
Q2 24
$82.4M
$64.0M
Q1 24
$44.2M
$64.9M
Debt / Equity
MSS
MSS
SMID
SMID
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
SMID
SMID
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
SMID
SMID
Q4 25
$-1.7M
Q3 25
$1.1M
$11.7M
Q2 25
$-1.6M
Q1 25
$1.7M
$2.2M
Q4 24
$1.1M
$-645.0K
Q3 24
$3.6M
$3.9M
Q2 24
$-2.6M
$2.7M
Q1 24
$-1.4M
$-777.0K
Free Cash Flow
MSS
MSS
SMID
SMID
Q4 25
Q3 25
$6.3M
Q2 25
Q1 25
$1.6M
Q4 24
$-1.3M
Q3 24
$1.8M
Q2 24
$998.0K
Q1 24
$-2.6M
FCF Margin
MSS
MSS
SMID
SMID
Q4 25
Q3 25
29.5%
Q2 25
Q1 25
7.1%
Q4 24
-7.0%
Q3 24
7.8%
Q2 24
5.1%
Q1 24
-15.3%
Capex Intensity
MSS
MSS
SMID
SMID
Q4 25
Q3 25
25.1%
Q2 25
Q1 25
2.6%
Q4 24
3.6%
Q3 24
8.6%
Q2 24
8.7%
Q1 24
10.7%
Cash Conversion
MSS
MSS
SMID
SMID
Q4 25
Q3 25
4.07×
Q2 25
Q1 25
1.66×
0.67×
Q4 24
-0.46×
Q3 24
5.12×
1.23×
Q2 24
1.37×
Q1 24
-0.68×

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%

SMID
SMID

Product Sales$13.8M60%
Service Revenue$9.3M40%

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