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Side-by-side financial comparison of ASP Isotopes Inc. (ASPI) and Multi Ways Holdings Ltd (MWG). Click either name above to swap in a different company.

Multi Ways Holdings Ltd is the larger business by last-quarter revenue ($31.1M vs $16.7M, roughly 1.9× ASP Isotopes Inc.). Multi Ways Holdings Ltd produced more free cash flow last quarter ($-13.5M vs $-47.4M).

ASP Isotopes Inc. is a specialty materials firm focused on developing and producing high-purity custom isotopes. Its products serve key sectors including nuclear medicine, targeted cancer therapies, advanced energy, and industrial research, with customers across North America, Europe and Asia Pacific.

Multi Ways Holdings Limited is a Hong Kong-headquartered integrated logistics service provider, offering freight forwarding, warehousing management, customs brokerage, and end-to-end supply chain solutions. It mainly serves clients in manufacturing, retail and e-commerce segments, with core markets spanning Greater China, Southeast Asia and North America.

ASPI vs MWG — Head-to-Head

Bigger by revenue
MWG
MWG
1.9× larger
MWG
$31.1M
$16.7M
ASPI
More free cash flow
MWG
MWG
$33.9M more FCF
MWG
$-13.5M
$-47.4M
ASPI

Income Statement — Q4 FY2025 vs Q4 FY2024

Metric
ASPI
ASPI
MWG
MWG
Revenue
$16.7M
$31.1M
Net Profit
$-2.9M
Gross Margin
12.5%
31.3%
Operating Margin
-6.2%
Net Margin
-9.2%
Revenue YoY
1295.7%
Net Profit YoY
-586.8%
EPS (diluted)
$-0.09

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
ASPI
ASPI
MWG
MWG
Q4 25
$16.7M
Q3 25
$4.9M
Q4 24
$31.1M
Net Profit
ASPI
ASPI
MWG
MWG
Q4 25
Q3 25
$-12.9M
Q4 24
$-2.9M
Gross Margin
ASPI
ASPI
MWG
MWG
Q4 25
12.5%
Q3 25
8.7%
Q4 24
31.3%
Operating Margin
ASPI
ASPI
MWG
MWG
Q4 25
Q3 25
-306.1%
Q4 24
-6.2%
Net Margin
ASPI
ASPI
MWG
MWG
Q4 25
Q3 25
-263.7%
Q4 24
-9.2%
EPS (diluted)
ASPI
ASPI
MWG
MWG
Q4 25
Q3 25
$-0.15
Q4 24
$-0.09

Balance Sheet & Financial Strength

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

Metric
ASPI
ASPI
MWG
MWG
Cash + ST InvestmentsLiquidity on hand
$333.3M
$3.3M
Total DebtLower is stronger
$14.4M
Stockholders' EquityBook value
$204.2M
$20.1M
Total Assets
$498.0M
$69.6M
Debt / EquityLower = less leverage
0.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASPI
ASPI
MWG
MWG
Q4 25
$333.3M
Q3 25
$113.9M
Q4 24
$3.3M
Total Debt
ASPI
ASPI
MWG
MWG
Q4 25
$14.4M
Q3 25
$13.9M
Q4 24
Stockholders' Equity
ASPI
ASPI
MWG
MWG
Q4 25
$204.2M
Q3 25
$74.1M
Q4 24
$20.1M
Total Assets
ASPI
ASPI
MWG
MWG
Q4 25
$498.0M
Q3 25
$225.9M
Q4 24
$69.6M
Debt / Equity
ASPI
ASPI
MWG
MWG
Q4 25
0.07×
Q3 25
0.19×
Q4 24

Cash Flow & Capital Efficiency

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

Metric
ASPI
ASPI
MWG
MWG
Operating Cash FlowLast quarter
$-37.8M
$-12.9M
Free Cash FlowOCF − Capex
$-47.4M
$-13.5M
FCF MarginFCF / Revenue
-284.7%
-43.5%
Capex IntensityCapex / Revenue
57.9%
1.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASPI
ASPI
MWG
MWG
Q4 25
$-37.8M
Q3 25
$-8.9M
Q4 24
$-12.9M
Free Cash Flow
ASPI
ASPI
MWG
MWG
Q4 25
$-47.4M
Q3 25
$-12.0M
Q4 24
$-13.5M
FCF Margin
ASPI
ASPI
MWG
MWG
Q4 25
-284.7%
Q3 25
-245.5%
Q4 24
-43.5%
Capex Intensity
ASPI
ASPI
MWG
MWG
Q4 25
57.9%
Q3 25
64.4%
Q4 24
1.9%

Financial Flow Comparison

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

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