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Side-by-side financial comparison of Cosmos Health Inc. (COSM) 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 $19.7M, roughly 1.6× Cosmos Health Inc.). Multi Ways Holdings Ltd runs the higher net margin — -9.2% vs -51.5%, a 42.3% gap on every dollar of revenue. Cosmos Health Inc. produced more free cash flow last quarter ($-4.6M vs $-13.5M).

AgniKul Cosmos Private Limited is a private Indian aerospace manufacturer and commercial launch service provider based in National Centre for Combustion Research and Development (NCCRD) of IIT Madras, Chennai. The start up aims to develop and launch its own small-lift launch vehicle such as the Agnibaan, capable of placing 100 kg (220 lb) payload into a 700 km (430 mi) orbit.

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.

COSM vs MWG — Head-to-Head

Bigger by revenue
MWG
MWG
1.6× larger
MWG
$31.1M
$19.7M
COSM
Higher net margin
MWG
MWG
42.3% more per $
MWG
-9.2%
-51.5%
COSM
More free cash flow
COSM
COSM
$8.9M more FCF
COSM
$-4.6M
$-13.5M
MWG

Income Statement — Q4 FY2025 vs Q4 FY2024

Metric
COSM
COSM
MWG
MWG
Revenue
$19.7M
$31.1M
Net Profit
$-10.1M
$-2.9M
Gross Margin
10.6%
31.3%
Operating Margin
-57.9%
-6.2%
Net Margin
-51.5%
-9.2%
Revenue YoY
38.5%
Net Profit YoY
-203.0%
EPS (diluted)
$-0.33
$-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
COSM
COSM
MWG
MWG
Q4 25
$19.7M
Q3 25
$17.1M
Q2 25
$14.7M
Q1 25
$13.7M
Q4 24
$14.2M
$31.1M
Q3 24
$12.4M
Q2 24
$13.2M
Q1 24
$14.6M
Net Profit
COSM
COSM
MWG
MWG
Q4 25
$-10.1M
Q3 25
$-5.4M
Q2 25
$-2.8M
Q1 25
$-818.1K
Q4 24
$-3.3M
$-2.9M
Q3 24
$-8.4M
Q2 24
$-2.6M
Q1 24
$-1.9M
Gross Margin
COSM
COSM
MWG
MWG
Q4 25
10.6%
Q3 25
15.2%
Q2 25
7.9%
Q1 25
14.9%
Q4 24
7.1%
31.3%
Q3 24
9.7%
Q2 24
5.8%
Q1 24
9.1%
Operating Margin
COSM
COSM
MWG
MWG
Q4 25
-57.9%
Q3 25
-10.6%
Q2 25
-17.9%
Q1 25
-6.1%
Q4 24
-63.0%
-6.2%
Q3 24
-18.0%
Q2 24
-18.9%
Q1 24
-12.6%
Net Margin
COSM
COSM
MWG
MWG
Q4 25
-51.5%
Q3 25
-31.3%
Q2 25
-19.2%
Q1 25
-6.0%
Q4 24
-23.5%
-9.2%
Q3 24
-67.5%
Q2 24
-19.6%
Q1 24
-12.8%
EPS (diluted)
COSM
COSM
MWG
MWG
Q4 25
$-0.33
Q3 25
$-0.17
Q2 25
$-0.10
Q1 25
$-0.03
Q4 24
$-0.46
$-0.09
Q3 24
$-0.45
Q2 24
$-0.15
Q1 24
$-0.11

Balance Sheet & Financial Strength

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

Metric
COSM
COSM
MWG
MWG
Cash + ST InvestmentsLiquidity on hand
$761.8K
$3.3M
Total DebtLower is stronger
$3.8M
Stockholders' EquityBook value
$18.4M
$20.1M
Total Assets
$65.5M
$69.6M
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COSM
COSM
MWG
MWG
Q4 25
$761.8K
Q3 25
$922.6K
Q2 25
$30.3K
Q1 25
$25.3K
Q4 24
$336.3K
$3.3M
Q3 24
$22.8K
Q2 24
$21.5K
Q1 24
$21.3K
Total Debt
COSM
COSM
MWG
MWG
Q4 25
$3.8M
Q3 25
$5.4M
Q2 25
$5.2M
Q1 25
$4.9M
Q4 24
$4.1M
Q3 24
$4.3M
Q2 24
$3.9M
Q1 24
$4.1M
Stockholders' Equity
COSM
COSM
MWG
MWG
Q4 25
$18.4M
Q3 25
$23.1M
Q2 25
$26.2M
Q1 25
$26.0M
Q4 24
$24.5M
$20.1M
Q3 24
$35.0M
Q2 24
$32.1M
Q1 24
$34.5M
Total Assets
COSM
COSM
MWG
MWG
Q4 25
$65.5M
Q3 25
$69.5M
Q2 25
$61.8M
Q1 25
$57.2M
Q4 24
$54.3M
$69.6M
Q3 24
$64.5M
Q2 24
$60.8M
Q1 24
$62.3M
Debt / Equity
COSM
COSM
MWG
MWG
Q4 25
0.20×
Q3 25
0.23×
Q2 25
0.20×
Q1 25
0.19×
Q4 24
0.17×
Q3 24
0.12×
Q2 24
0.12×
Q1 24
0.12×

Cash Flow & Capital Efficiency

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

Metric
COSM
COSM
MWG
MWG
Operating Cash FlowLast quarter
$-4.6M
$-12.9M
Free Cash FlowOCF − Capex
$-4.6M
$-13.5M
FCF MarginFCF / Revenue
-23.4%
-43.5%
Capex IntensityCapex / Revenue
0.0%
1.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-8.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COSM
COSM
MWG
MWG
Q4 25
$-4.6M
Q3 25
$-2.5M
Q2 25
$-1.2M
Q1 25
$-186.3K
Q4 24
$-3.8M
$-12.9M
Q3 24
$739.8K
Q2 24
$-1.2M
Q1 24
$-3.4M
Free Cash Flow
COSM
COSM
MWG
MWG
Q4 25
$-4.6M
Q3 25
$-2.5M
Q2 25
$-1.2M
Q1 25
$-198.8K
Q4 24
$-3.9M
$-13.5M
Q3 24
$511.0K
Q2 24
$-1.2M
Q1 24
$-3.5M
FCF Margin
COSM
COSM
MWG
MWG
Q4 25
-23.4%
Q3 25
-14.4%
Q2 25
-8.4%
Q1 25
-1.5%
Q4 24
-27.5%
-43.5%
Q3 24
4.1%
Q2 24
-9.4%
Q1 24
-24.0%
Capex Intensity
COSM
COSM
MWG
MWG
Q4 25
0.0%
Q3 25
0.1%
Q2 25
0.2%
Q1 25
0.1%
Q4 24
0.5%
1.9%
Q3 24
1.8%
Q2 24
0.3%
Q1 24
0.6%

Financial Flow Comparison

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

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