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Side-by-side financial comparison of Biofrontera Inc. (BFRI) 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 $17.1M, roughly 1.8× Biofrontera Inc.). Biofrontera Inc. runs the higher net margin — 33.0% vs -9.2%, a 42.2% gap on every dollar of revenue. Biofrontera Inc. produced more free cash flow last quarter ($-2.4M vs $-13.5M).

Biofrontera Inc. is a specialty biopharmaceutical enterprise focused on developing and commercializing prescription dermatological products. Its core product line targets skin conditions including actinic keratosis and other dermatological disorders, with primary operating markets in the United States and European Union, serving patients and dermatology care providers.

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.

BFRI vs MWG — Head-to-Head

Bigger by revenue
MWG
MWG
1.8× larger
MWG
$31.1M
$17.1M
BFRI
Higher net margin
BFRI
BFRI
42.2% more per $
BFRI
33.0%
-9.2%
MWG
More free cash flow
BFRI
BFRI
$11.1M more FCF
BFRI
$-2.4M
$-13.5M
MWG

Income Statement — Q4 FY2025 vs Q4 FY2024

Metric
BFRI
BFRI
MWG
MWG
Revenue
$17.1M
$31.1M
Net Profit
$5.6M
$-2.9M
Gross Margin
31.3%
Operating Margin
26.6%
-6.2%
Net Margin
33.0%
-9.2%
Revenue YoY
36.2%
Net Profit YoY
504.0%
EPS (diluted)
$0.62
$-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
BFRI
BFRI
MWG
MWG
Q4 25
$17.1M
Q3 25
$7.0M
Q2 25
$9.0M
Q1 25
$8.6M
Q4 24
$12.6M
$31.1M
Q3 24
$9.0M
Q2 24
$7.8M
Q1 24
$7.9M
Net Profit
BFRI
BFRI
MWG
MWG
Q4 25
$5.6M
Q3 25
$-6.6M
Q2 25
$-5.3M
Q1 25
$-4.2M
Q4 24
$-1.4M
$-2.9M
Q3 24
$-5.7M
Q2 24
$-257.0K
Q1 24
$-10.4M
Gross Margin
BFRI
BFRI
MWG
MWG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
31.3%
Q3 24
Q2 24
Q1 24
Operating Margin
BFRI
BFRI
MWG
MWG
Q4 25
26.6%
Q3 25
-89.8%
Q2 25
-56.2%
Q1 25
-52.9%
Q4 24
-13.6%
-6.2%
Q3 24
-55.0%
Q2 24
-64.7%
Q1 24
-69.1%
Net Margin
BFRI
BFRI
MWG
MWG
Q4 25
33.0%
Q3 25
-95.1%
Q2 25
-59.0%
Q1 25
-48.9%
Q4 24
-11.1%
-9.2%
Q3 24
-62.9%
Q2 24
-3.3%
Q1 24
-131.9%
EPS (diluted)
BFRI
BFRI
MWG
MWG
Q4 25
$0.62
Q3 25
$-0.62
Q2 25
$-0.57
Q1 25
$-0.47
Q4 24
$0.69
$-0.09
Q3 24
$-0.98
Q2 24
$-0.05
Q1 24
$-2.88

Balance Sheet & Financial Strength

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

Metric
BFRI
BFRI
MWG
MWG
Cash + ST InvestmentsLiquidity on hand
$6.4M
$3.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$10.5M
$20.1M
Total Assets
$28.6M
$69.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFRI
BFRI
MWG
MWG
Q4 25
$6.4M
Q3 25
$3.4M
Q2 25
$7.2M
Q1 25
$1.8M
Q4 24
$5.9M
$3.3M
Q3 24
$2.9M
Q2 24
$4.4M
Q1 24
$3.8M
Stockholders' Equity
BFRI
BFRI
MWG
MWG
Q4 25
$10.5M
Q3 25
$-2.6M
Q2 25
$-4.7M
Q1 25
$500.0K
Q4 24
$4.4M
$20.1M
Q3 24
$5.5M
Q2 24
$10.9M
Q1 24
$-5.4M
Total Assets
BFRI
BFRI
MWG
MWG
Q4 25
$28.6M
Q3 25
$15.4M
Q2 25
$20.1M
Q1 25
$16.6M
Q4 24
$22.1M
$69.6M
Q3 24
$18.5M
Q2 24
$21.6M
Q1 24
$24.6M

Cash Flow & Capital Efficiency

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

Metric
BFRI
BFRI
MWG
MWG
Operating Cash FlowLast quarter
$-2.4M
$-12.9M
Free Cash FlowOCF − Capex
$-2.4M
$-13.5M
FCF MarginFCF / Revenue
-13.9%
-43.5%
Capex IntensityCapex / Revenue
0.0%
1.9%
Cash ConversionOCF / Net Profit
-0.42×
TTM Free Cash FlowTrailing 4 quarters
$-13.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFRI
BFRI
MWG
MWG
Q4 25
$-2.4M
Q3 25
$-3.8M
Q2 25
$-3.0M
Q1 25
$-4.1M
Q4 24
$-1.0M
$-12.9M
Q3 24
$-1.2M
Q2 24
$-4.7M
Q1 24
$-3.3M
Free Cash Flow
BFRI
BFRI
MWG
MWG
Q4 25
$-2.4M
Q3 25
$-3.8M
Q2 25
$-3.0M
Q1 25
$-4.1M
Q4 24
$-1.0M
$-13.5M
Q3 24
Q2 24
$-4.8M
Q1 24
$-3.4M
FCF Margin
BFRI
BFRI
MWG
MWG
Q4 25
-13.9%
Q3 25
-54.7%
Q2 25
-33.7%
Q1 25
-48.0%
Q4 24
-8.1%
-43.5%
Q3 24
Q2 24
-60.8%
Q1 24
-42.7%
Capex Intensity
BFRI
BFRI
MWG
MWG
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.0%
1.9%
Q3 24
0.0%
Q2 24
0.6%
Q1 24
0.7%
Cash Conversion
BFRI
BFRI
MWG
MWG
Q4 25
-0.42×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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