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Side-by-side financial comparison of Alset Inc. (AEI) and Marwynn Holdings, Inc. (MWYN). Click either name above to swap in a different company.

Marwynn Holdings, Inc. is the larger business by last-quarter revenue ($2.3M vs $1.3M, roughly 1.8× Alset Inc.). On growth, Marwynn Holdings, Inc. posted the faster year-over-year revenue change (-13.3% vs -85.4%).

Alset Global GmbH is an Austrian technology and engineering company based in Graz that specialises in hydrogen-based clean mobility products. Alset Global is known for developing a Hybrid Hydrogen internal combustion engine that can run on either pure petrol, pure hydrogen or a combination of both. This technology offers a sustainable and clean alternative to petrol-based internal combustion engines. The technology has been developed to create an alternative technology to meet new emission ta...

Marwynn Holdings, Inc. is a Canada-based investment holding company focused on acquiring, managing, and scaling middle-market businesses primarily across North America. Its core operating segments cover industrial products, consumer goods, and technology-enabled services, targeting sustainable long-term value creation for its stakeholders.

AEI vs MWYN — Head-to-Head

Bigger by revenue
MWYN
MWYN
1.8× larger
MWYN
$2.3M
$1.3M
AEI
Growing faster (revenue YoY)
MWYN
MWYN
+72.1% gap
MWYN
-13.3%
-85.4%
AEI

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AEI
AEI
MWYN
MWYN
Revenue
$1.3M
$2.3M
Net Profit
$-2.7M
Gross Margin
35.2%
42.4%
Operating Margin
-115.8%
Net Margin
-116.0%
Revenue YoY
-85.4%
-13.3%
Net Profit YoY
-1491.5%
-11713.9%
EPS (diluted)
$-0.16

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
AEI
AEI
MWYN
MWYN
Q4 25
$1.3M
Q3 25
$998.8K
$2.3M
Q2 25
$1.1M
Q1 25
$1.1M
$623.7K
Q4 24
$8.9M
Q3 24
$5.0M
Q2 24
$1.1M
Q1 24
$6.1M
Net Profit
AEI
AEI
MWYN
MWYN
Q4 25
Q3 25
$1.5M
$-2.7M
Q2 25
$-8.2M
Q1 25
$-8.3M
$23.4K
Q4 24
$2.3M
Q3 24
$1.7M
Q2 24
$-1.2M
Q1 24
$-6.8M
Gross Margin
AEI
AEI
MWYN
MWYN
Q4 25
35.2%
Q3 25
24.3%
42.4%
Q2 25
23.3%
Q1 25
27.2%
39.2%
Q4 24
51.4%
Q3 24
40.5%
Q2 24
26.4%
Q1 24
23.5%
Operating Margin
AEI
AEI
MWYN
MWYN
Q4 25
Q3 25
-258.2%
-115.8%
Q2 25
-250.7%
Q1 25
-368.1%
13.5%
Q4 24
21.5%
Q3 24
-19.4%
Q2 24
-249.3%
Q1 24
-37.2%
Net Margin
AEI
AEI
MWYN
MWYN
Q4 25
Q3 25
151.4%
-116.0%
Q2 25
-748.1%
Q1 25
-780.1%
3.8%
Q4 24
26.0%
Q3 24
34.6%
Q2 24
-109.9%
Q1 24
-111.2%
EPS (diluted)
AEI
AEI
MWYN
MWYN
Q4 25
Q3 25
$0.05
$-0.16
Q2 25
$-0.71
Q1 25
$-0.78
$0.00
Q4 24
$0.24
Q3 24
$0.19
Q2 24
$-0.13
Q1 24
$-0.73

Balance Sheet & Financial Strength

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

Metric
AEI
AEI
MWYN
MWYN
Cash + ST InvestmentsLiquidity on hand
$25.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$121.1M
$2.3M
Total Assets
$136.6M
$11.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AEI
AEI
MWYN
MWYN
Q4 25
$25.2M
Q3 25
$25.5M
Q2 25
$25.6M
Q1 25
$25.2M
$480
Q4 24
$27.2M
Q3 24
$16.7M
Q2 24
$18.9M
Q1 24
$23.7M
Total Debt
AEI
AEI
MWYN
MWYN
Q4 25
Q3 25
Q2 25
Q1 25
$116.5K
Q4 24
$123.1K
Q3 24
$137.9K
Q2 24
$137.8K
Q1 24
$145.8K
Stockholders' Equity
AEI
AEI
MWYN
MWYN
Q4 25
$121.1M
Q3 25
$155.7M
$2.3M
Q2 25
$72.8M
Q1 25
$76.4M
$2.4M
Q4 24
$81.3M
Q3 24
$84.2M
Q2 24
$79.4M
Q1 24
$81.7M
Total Assets
AEI
AEI
MWYN
MWYN
Q4 25
$136.6M
Q3 25
$169.1M
$11.6M
Q2 25
$86.0M
Q1 25
$90.5M
$12.6M
Q4 24
$96.8M
Q3 24
$98.8M
Q2 24
$93.5M
Q1 24
$96.7M
Debt / Equity
AEI
AEI
MWYN
MWYN
Q4 25
Q3 25
Q2 25
Q1 25
0.00×
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 24
0.00×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AEI
AEI
MWYN
MWYN
Operating Cash FlowLast quarter
$-5.9M
$-95.1K
Free Cash FlowOCF − Capex
$-6.1M
FCF MarginFCF / Revenue
-467.7%
Capex IntensityCapex / Revenue
13.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-11.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AEI
AEI
MWYN
MWYN
Q4 25
$-5.9M
Q3 25
$883.4K
$-95.1K
Q2 25
$-2.6M
Q1 25
$-3.8M
Q4 24
$5.2M
Q3 24
$-2.9M
Q2 24
$-4.4M
Q1 24
$-1.5M
Free Cash Flow
AEI
AEI
MWYN
MWYN
Q4 25
$-6.1M
Q3 25
$822.4K
Q2 25
$-2.7M
Q1 25
$-3.8M
Q4 24
$5.1M
Q3 24
$-2.9M
Q2 24
$-4.4M
Q1 24
$-1.5M
FCF Margin
AEI
AEI
MWYN
MWYN
Q4 25
-467.7%
Q3 25
82.3%
Q2 25
-245.9%
Q1 25
-357.3%
Q4 24
56.5%
Q3 24
-58.2%
Q2 24
-392.3%
Q1 24
-24.8%
Capex Intensity
AEI
AEI
MWYN
MWYN
Q4 25
13.4%
Q3 25
6.1%
Q2 25
7.6%
Q1 25
5.7%
Q4 24
1.1%
Q3 24
0.6%
Q2 24
3.0%
Q1 24
0.0%
Cash Conversion
AEI
AEI
MWYN
MWYN
Q4 25
Q3 25
0.58×
Q2 25
Q1 25
Q4 24
2.22×
Q3 24
-1.66×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AEI
AEI

Segment breakdown not available.

MWYN
MWYN

Other$1.3M57%
Revenue From Recyclable Ewaste Materials Sales$1.0M43%

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