Garden Stage vs Powell Max
Garden Stage is the larger business, with $7.3m of revenue in fiscal 2026 against $6.1m for Powell Max (1.2 times as much). Garden Stage grew faster (33.2% against 30.8%). Powell Max kept more of each dollar of sales as profit: a net margin of -49.3% against -190.1%. Powell Max carries less debt relative to equity (0.0% against 63.9%).
| Latest fiscal year | Garden StageGSIW, 2026 | Powell MaxPMAX, 2025 |
|---|---|---|
| Revenue | $7.3m | $6.1m |
| Revenue growth | 33.2% | 30.8% |
| Net income | −$13.8m | −$3.0m |
| Operating margin | — | -47.9% |
| Net margin | -190.1% | -49.3% |
| Return on equity | -89.5% | -101.5% |
| Free cash flow | −$4.3m | −$1.1m |
| Cash | $17.5m | $881,366 |
| Total debt | $15.5m | $0 |
| Debt to equity | 63.9% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $102m | $182,282 |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |