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Side-by-side financial comparison of Maison Solutions Inc. (MSS) and Whitestone REIT (WSR). Click either name above to swap in a different company.
Whitestone REIT is the larger business by last-quarter revenue ($43.9M vs $27.6M, roughly 1.6× Maison Solutions Inc.). Whitestone REIT runs the higher net margin — 52.0% vs -18.0%, a 70.0% gap on every dollar of revenue. On growth, Whitestone REIT posted the faster year-over-year revenue change (7.5% vs -10.9%). Over the past eight quarters, Maison Solutions Inc.'s revenue compounded faster (42.5% CAGR vs 8.7%).
Maison Solutions Inc.MSSEarnings & Financial Report
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.
Whitestone REIT is a publicly traded real estate investment trust that acquires, owns, manages and redevelops open-air community shopping centers, primarily located in high-growth metropolitan areas across the southwestern and southeastern United States. Its property portfolio is largely anchored by daily necessity, service-focused retail tenants that cater to regular local consumer demand.
MSS vs WSR — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $27.6M | $43.9M |
| Net Profit | $-5.0M | $22.8M |
| Gross Margin | 23.4% | — |
| Operating Margin | -4.9% | 53.0% |
| Net Margin | -18.0% | 52.0% |
| Revenue YoY | -10.9% | 7.5% |
| Net Profit YoY | -1840.5% | 31.7% |
| EPS (diluted) | $-0.23 | $0.43 |
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.
| Q4 25 | $27.6M | $43.9M | ||
| Q3 25 | $27.2M | $41.0M | ||
| Q2 25 | $34.4M | $37.9M | ||
| Q1 25 | $32.3M | $38.0M | ||
| Q4 24 | $29.4M | $40.8M | ||
| Q3 24 | $28.2M | $38.6M | ||
| Q2 24 | $16.9M | $37.6M | ||
| Q1 24 | $13.6M | $37.2M |
| Q4 25 | $-5.0M | $22.8M | ||
| Q3 25 | $-1.5M | $18.3M | ||
| Q2 25 | $-287.4K | $5.1M | ||
| Q1 25 | $1.0M | $3.7M | ||
| Q4 24 | $-256.0K | $17.3M | ||
| Q3 24 | $700.9K | $7.6M | ||
| Q2 24 | $-2.8M | $2.6M | ||
| Q1 24 | $-549.0K | $9.3M |
| 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% | — | ||
| Q1 24 | 23.4% | — |
| Q4 25 | -4.9% | 53.0% | ||
| Q3 25 | 0.7% | 45.5% | ||
| Q2 25 | -15.9% | 13.8% | ||
| Q1 25 | 3.7% | 10.2% | ||
| Q4 24 | 3.2% | 43.3% | ||
| Q3 24 | 7.3% | 20.3% | ||
| Q2 24 | -14.4% | 7.2% | ||
| Q1 24 | -2.3% | 25.9% |
| Q4 25 | -18.0% | 52.0% | ||
| Q3 25 | -5.7% | 44.7% | ||
| Q2 25 | -0.8% | 13.3% | ||
| Q1 25 | 3.1% | 9.7% | ||
| Q4 24 | -0.9% | 42.5% | ||
| Q3 24 | 2.5% | 19.7% | ||
| Q2 24 | -16.4% | 6.9% | ||
| Q1 24 | -4.0% | 25.1% |
| Q4 25 | $-0.23 | $0.43 | ||
| Q3 25 | $-0.08 | $0.35 | ||
| Q2 25 | $-0.02 | $0.10 | ||
| Q1 25 | $0.06 | $0.07 | ||
| Q4 24 | $-0.01 | $0.34 | ||
| Q3 24 | $0.04 | $0.15 | ||
| Q2 24 | $-0.16 | $0.05 | ||
| Q1 24 | $-0.03 | $0.18 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $4.9M |
| Total DebtLower is stronger | $2.6M | $649.4M |
| Stockholders' EquityBook value | $11.6M | $458.1M |
| Total Assets | $75.4M | $1.2B |
| Debt / EquityLower = less leverage | 0.22× | 1.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $4.9M | ||
| Q3 25 | $1.1M | $6.8M | ||
| Q2 25 | $775.4K | $5.3M | ||
| Q1 25 | $445.4K | $5.6M | ||
| Q4 24 | $355.7K | $5.2M | ||
| Q3 24 | $588.9K | $2.5M | ||
| Q2 24 | $2.1M | $3.2M | ||
| Q1 24 | $9.4M | $6.2M |
| Q4 25 | $2.6M | $649.4M | ||
| Q3 25 | $2.6M | — | ||
| Q2 25 | $2.6M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $632.5M | ||
| Q3 24 | $2.5M | — | ||
| Q2 24 | $2.6M | — | ||
| Q1 24 | $2.6M | — |
| Q4 25 | $11.6M | $458.1M | ||
| Q3 25 | $10.1M | $439.5M | ||
| Q2 25 | $11.7M | $427.5M | ||
| Q1 25 | $12.0M | $431.0M | ||
| Q4 24 | $10.9M | $438.2M | ||
| Q3 24 | $11.2M | $419.5M | ||
| Q2 24 | $10.5M | $418.3M | ||
| Q1 24 | $13.3M | $421.6M |
| Q4 25 | $75.4M | $1.2B | ||
| Q3 25 | $73.3M | $1.1B | ||
| Q2 25 | $77.4M | $1.2B | ||
| Q1 25 | $82.7M | $1.1B | ||
| Q4 24 | $82.7M | $1.1B | ||
| Q3 24 | $82.1M | $1.1B | ||
| Q2 24 | $82.4M | $1.1B | ||
| Q1 24 | $44.2M | $1.1B |
| Q4 25 | 0.22× | 1.42× | ||
| Q3 25 | 0.26× | — | ||
| Q2 25 | 0.22× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.44× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-1.7M | $50.8M |
| Free Cash FlowOCF − Capex | — | $50.5M |
| FCF MarginFCF / Revenue | — | 114.9% |
| Capex IntensityCapex / Revenue | — | 0.7% |
| Cash ConversionOCF / Net Profit | — | 2.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.7M | $50.8M | ||
| Q3 25 | $1.1M | $18.0M | ||
| Q2 25 | $-1.6M | $13.8M | ||
| Q1 25 | $1.7M | $3.1M | ||
| Q4 24 | $1.1M | $58.2M | ||
| Q3 24 | $3.6M | $16.4M | ||
| Q2 24 | $-2.6M | $12.3M | ||
| Q1 24 | $-1.4M | $11.5M |
| Q4 25 | — | $50.5M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $58.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 114.9% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 142.1% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 2.22× | ||
| Q3 25 | — | 0.98× | ||
| Q2 25 | — | 2.74× | ||
| Q1 25 | 1.66× | 0.83× | ||
| Q4 24 | — | 3.36× | ||
| Q3 24 | 5.12× | 2.15× | ||
| Q2 24 | — | 4.73× | ||
| Q1 24 | — | 1.23× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MSS
| Perishables | $14.4M | 52% |
| Nonperishables | $13.2M | 48% |
WSR
Segment breakdown not available.
