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Side-by-side financial comparison of Maison Solutions Inc. (MSS) and Zeo Energy Corp. (ZEO). Click either name above to swap in a different company.

Maison Solutions Inc. is the larger business by last-quarter revenue ($27.6M vs $18.6M, roughly 1.5× Zeo Energy Corp.). Zeo Energy Corp. runs the higher net margin — -10.8% vs -18.0%, a 7.2% gap on every dollar of revenue. On growth, Zeo Energy Corp. posted the faster year-over-year revenue change (-0.4% vs -10.9%). Over the past eight quarters, Maison Solutions Inc.'s revenue compounded faster (42.5% CAGR vs -4.0%).

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.

MSS vs ZEO — Head-to-Head

Bigger by revenue
MSS
MSS
1.5× larger
MSS
$27.6M
$18.6M
ZEO
Growing faster (revenue YoY)
ZEO
ZEO
+10.5% gap
ZEO
-0.4%
-10.9%
MSS
Higher net margin
ZEO
ZEO
7.2% more per $
ZEO
-10.8%
-18.0%
MSS
Faster 2-yr revenue CAGR
MSS
MSS
Annualised
MSS
42.5%
-4.0%
ZEO

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
MSS
MSS
ZEO
ZEO
Revenue
$27.6M
$18.6M
Net Profit
$-5.0M
$-2.0M
Gross Margin
23.4%
Operating Margin
-4.9%
-11.8%
Net Margin
-18.0%
-10.8%
Revenue YoY
-10.9%
-0.4%
Net Profit YoY
-1840.5%
-360.9%
EPS (diluted)
$-0.23

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
ZEO
ZEO
Q4 25
$27.6M
$18.6M
Q3 25
$27.2M
$23.9M
Q2 25
$34.4M
$18.1M
Q1 25
$32.3M
$8.8M
Q4 24
$29.4M
$18.6M
Q3 24
$28.2M
$19.7M
Q2 24
$16.9M
$14.8M
Q1 24
$13.6M
$20.1M
Net Profit
MSS
MSS
ZEO
ZEO
Q4 25
$-5.0M
$-2.0M
Q3 25
$-1.5M
$-3.2M
Q2 25
$-287.4K
$-2.4M
Q1 25
$1.0M
$-6.4M
Q4 24
$-256.0K
$-435.3K
Q3 24
$700.9K
$-424.3K
Q2 24
$-2.8M
$-277.8K
Q1 24
$-549.0K
$-1.5M
Gross Margin
MSS
MSS
ZEO
ZEO
Q4 25
23.4%
Q3 25
24.1%
57.9%
Q2 25
9.5%
59.8%
Q1 25
21.8%
99.3%
Q4 24
26.9%
Q3 24
28.9%
50.2%
Q2 24
13.0%
52.3%
Q1 24
23.4%
Operating Margin
MSS
MSS
ZEO
ZEO
Q4 25
-4.9%
-11.8%
Q3 25
0.7%
-8.3%
Q2 25
-15.9%
-15.8%
Q1 25
3.7%
-153.8%
Q4 24
3.2%
-6.0%
Q3 24
7.3%
-15.2%
Q2 24
-14.4%
-18.0%
Q1 24
-2.3%
-20.1%
Net Margin
MSS
MSS
ZEO
ZEO
Q4 25
-18.0%
-10.8%
Q3 25
-5.7%
-13.5%
Q2 25
-0.8%
-13.3%
Q1 25
3.1%
-72.4%
Q4 24
-0.9%
-2.3%
Q3 24
2.5%
-2.2%
Q2 24
-16.4%
-1.9%
Q1 24
-4.0%
-7.6%
EPS (diluted)
MSS
MSS
ZEO
ZEO
Q4 25
$-0.23
Q3 25
$-0.08
Q2 25
$-0.02
Q1 25
$0.06
$-0.48
Q4 24
$-0.01
$1.11
Q3 24
$0.04
$-0.08
Q2 24
$-0.16
$0.03
Q1 24
$-0.03
$-1.54

Balance Sheet & Financial Strength

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

Metric
MSS
MSS
ZEO
ZEO
Cash + ST InvestmentsLiquidity on hand
$6.1M
Total DebtLower is stronger
$2.6M
$79.1K
Stockholders' EquityBook value
$11.6M
$5.3M
Total Assets
$75.4M
$56.9M
Debt / EquityLower = less leverage
0.22×
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MSS
MSS
ZEO
ZEO
Q4 25
$6.1M
Q3 25
$1.1M
$3.9M
Q2 25
$775.4K
$68.7K
Q1 25
$445.4K
$2.9M
Q4 24
$355.7K
$5.6M
Q3 24
$588.9K
$4.3M
Q2 24
$2.1M
$5.3M
Q1 24
$9.4M
Total Debt
MSS
MSS
ZEO
ZEO
Q4 25
$2.6M
$79.1K
Q3 25
$2.6M
$84.6K
Q2 25
$2.6M
$642.8K
Q1 25
$715.4K
Q4 24
$787.7K
Q3 24
$2.5M
$858.6K
Q2 24
$2.6M
$1.6M
Q1 24
$2.6M
$748.8K
Stockholders' Equity
MSS
MSS
ZEO
ZEO
Q4 25
$11.6M
$5.3M
Q3 25
$10.1M
$-1.7M
Q2 25
$11.7M
$-59.4M
Q1 25
$12.0M
$-23.1M
Q4 24
$10.9M
$-88.9M
Q3 24
$11.2M
$-39.3M
Q2 24
$10.5M
$-53.0M
Q1 24
$13.3M
$-173.0M
Total Assets
MSS
MSS
ZEO
ZEO
Q4 25
$75.4M
$56.9M
Q3 25
$73.3M
$58.5M
Q2 25
$77.4M
$46.2M
Q1 25
$82.7M
$47.4M
Q4 24
$82.7M
$61.0M
Q3 24
$82.1M
$47.1M
Q2 24
$82.4M
$49.1M
Q1 24
$44.2M
$50.1M
Debt / Equity
MSS
MSS
ZEO
ZEO
Q4 25
0.22×
0.01×
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
ZEO
ZEO
Operating Cash FlowLast quarter
$-1.7M
$2.4M
Free Cash FlowOCF − Capex
$2.3M
FCF MarginFCF / Revenue
12.2%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MSS
MSS
ZEO
ZEO
Q4 25
$-1.7M
$2.4M
Q3 25
$1.1M
$-6.6M
Q2 25
$-1.6M
$-2.3M
Q1 25
$1.7M
$-2.3M
Q4 24
$1.1M
$3.5M
Q3 24
$3.6M
$162.2K
Q2 24
$-2.6M
$-2.2M
Q1 24
$-1.4M
$-10.2M
Free Cash Flow
MSS
MSS
ZEO
ZEO
Q4 25
$2.3M
Q3 25
$-6.8M
Q2 25
$-2.7M
Q1 25
$-2.6M
Q4 24
$3.4M
Q3 24
$116.5K
Q2 24
$-2.3M
Q1 24
$-10.4M
FCF Margin
MSS
MSS
ZEO
ZEO
Q4 25
12.2%
Q3 25
-28.6%
Q2 25
-15.0%
Q1 25
-30.0%
Q4 24
18.2%
Q3 24
0.6%
Q2 24
-15.6%
Q1 24
-51.5%
Capex Intensity
MSS
MSS
ZEO
ZEO
Q4 25
0.9%
Q3 25
1.0%
Q2 25
2.4%
Q1 25
4.2%
Q4 24
0.5%
Q3 24
0.2%
Q2 24
0.7%
Q1 24
1.1%
Cash Conversion
MSS
MSS
ZEO
ZEO
Q4 25
Q3 25
Q2 25
Q1 25
1.66×
Q4 24
Q3 24
5.12×
Q2 24
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%

ZEO
ZEO

Nonrelated Party$18.1M98%
Related Party$432.1K2%

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