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Side-by-side financial comparison of Commercial Bancgroup, Inc. (CBK) 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 $23.1M, roughly 1.3× Commercial Bancgroup, Inc.). Commercial Bancgroup, Inc. runs the higher net margin — 41.3% vs -9.2%, a 50.5% gap on every dollar of revenue.

Commercial Bancgroup, Inc. operates as a U.S. regional bank holding company that provides a full suite of retail and commercial banking products and services to individual consumers, small and medium-sized businesses, and local institutional clients. Its core offerings include deposit accounts, lending solutions, wealth management, and tailored financial advisory services for regional markets.

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.

CBK vs MWG — Head-to-Head

Bigger by revenue
MWG
MWG
1.3× larger
MWG
$31.1M
$23.1M
CBK
Higher net margin
CBK
CBK
50.5% more per $
CBK
41.3%
-9.2%
MWG

Income Statement — Q1 FY2026 vs Q4 FY2024

Metric
CBK
CBK
MWG
MWG
Revenue
$23.1M
$31.1M
Net Profit
$9.5M
$-2.9M
Gross Margin
31.3%
Operating Margin
-6.2%
Net Margin
41.3%
-9.2%
Revenue YoY
Net Profit YoY
9.7%
EPS (diluted)
$0.69
$-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
CBK
CBK
MWG
MWG
Q1 26
$23.1M
Q4 25
$23.5M
Q3 25
$22.8M
Q4 24
$31.1M
Net Profit
CBK
CBK
MWG
MWG
Q1 26
$9.5M
Q4 25
$9.9M
Q3 25
$9.5M
Q4 24
$-2.9M
Gross Margin
CBK
CBK
MWG
MWG
Q1 26
Q4 25
Q3 25
Q4 24
31.3%
Operating Margin
CBK
CBK
MWG
MWG
Q1 26
Q4 25
Q3 25
53.8%
Q4 24
-6.2%
Net Margin
CBK
CBK
MWG
MWG
Q1 26
41.3%
Q4 25
42.2%
Q3 25
41.4%
Q4 24
-9.2%
EPS (diluted)
CBK
CBK
MWG
MWG
Q1 26
$0.69
Q4 25
$0.72
Q3 25
$0.77
Q4 24
$-0.09

Balance Sheet & Financial Strength

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

Metric
CBK
CBK
MWG
MWG
Cash + ST InvestmentsLiquidity on hand
$3.3M
Total DebtLower is stronger
$118.2M
Stockholders' EquityBook value
$20.1M
Total Assets
$2.3B
$69.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBK
CBK
MWG
MWG
Q1 26
Q4 25
Q3 25
$154.8M
Q4 24
$3.3M
Total Debt
CBK
CBK
MWG
MWG
Q1 26
$118.2M
Q4 25
$166.8M
Q3 25
$100.1M
Q4 24
Stockholders' Equity
CBK
CBK
MWG
MWG
Q1 26
Q4 25
Q3 25
$245.2M
Q4 24
$20.1M
Total Assets
CBK
CBK
MWG
MWG
Q1 26
$2.3B
Q4 25
$2.3B
Q3 25
$2.2B
Q4 24
$69.6M
Debt / Equity
CBK
CBK
MWG
MWG
Q1 26
Q4 25
Q3 25
0.41×
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
CBK
CBK
MWG
MWG
Operating Cash FlowLast quarter
$-12.9M
Free Cash FlowOCF − Capex
$-13.5M
FCF MarginFCF / Revenue
-43.5%
Capex IntensityCapex / Revenue
1.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBK
CBK
MWG
MWG
Q1 26
Q4 25
Q3 25
$28.0M
Q4 24
$-12.9M
Free Cash Flow
CBK
CBK
MWG
MWG
Q1 26
Q4 25
Q3 25
$26.5M
Q4 24
$-13.5M
FCF Margin
CBK
CBK
MWG
MWG
Q1 26
Q4 25
Q3 25
115.8%
Q4 24
-43.5%
Capex Intensity
CBK
CBK
MWG
MWG
Q1 26
Q4 25
Q3 25
6.7%
Q4 24
1.9%
Cash Conversion
CBK
CBK
MWG
MWG
Q1 26
Q4 25
Q3 25
2.96×
Q4 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CBK
CBK

Net Interest Income$20.5M89%
Noninterest Income$2.6M11%

MWG
MWG

Segment breakdown not available.

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