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Side-by-side financial comparison of CytomX Therapeutics, Inc. (CTMX) 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 $18.7M, roughly 1.7× CytomX Therapeutics, Inc.). CytomX Therapeutics, Inc. runs the higher net margin — -0.8% vs -9.2%, a 8.4% gap on every dollar of revenue. Multi Ways Holdings Ltd produced more free cash flow last quarter ($-13.5M vs $-15.8M).

CytomX Therapeutics is a clinical-stage biotechnology company specializing in innovative cancer immunotherapies. It leverages its proprietary Probody technology platform to develop targeted therapies that activate exclusively in tumor microenvironments, minimizing off-target toxicities, with a pipeline covering multiple solid tumor indications and partnerships with leading global pharmaceutical firms.

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.

CTMX vs MWG — Head-to-Head

Bigger by revenue
MWG
MWG
1.7× larger
MWG
$31.1M
$18.7M
CTMX
Higher net margin
CTMX
CTMX
8.4% more per $
CTMX
-0.8%
-9.2%
MWG
More free cash flow
MWG
MWG
$2.3M more FCF
MWG
$-13.5M
$-15.8M
CTMX

Income Statement — Q2 FY2025 vs Q4 FY2024

Metric
CTMX
CTMX
MWG
MWG
Revenue
$18.7M
$31.1M
Net Profit
$-154.0K
$-2.9M
Gross Margin
31.3%
Operating Margin
-6.9%
-6.2%
Net Margin
-0.8%
-9.2%
Revenue YoY
-25.7%
Net Profit YoY
97.6%
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
CTMX
CTMX
MWG
MWG
Q2 25
$18.7M
Q1 25
$50.9M
Q4 24
$38.1M
$31.1M
Q3 24
$33.4M
Q2 24
$25.1M
Q1 24
$41.5M
Q4 23
$26.6M
Q3 23
$26.4M
Net Profit
CTMX
CTMX
MWG
MWG
Q2 25
$-154.0K
Q1 25
$23.5M
Q4 24
$18.9M
$-2.9M
Q3 24
$5.7M
Q2 24
$-6.5M
Q1 24
$13.8M
Q4 23
$837.0K
Q3 23
$3.0M
Gross Margin
CTMX
CTMX
MWG
MWG
Q2 25
Q1 25
Q4 24
31.3%
Q3 24
Q2 24
Q1 24
Q4 23
Q3 23
Operating Margin
CTMX
CTMX
MWG
MWG
Q2 25
-6.9%
Q1 25
44.4%
Q4 24
46.4%
-6.2%
Q3 24
12.3%
Q2 24
-33.7%
Q1 24
28.1%
Q4 23
-2.3%
Q3 23
11.8%
Net Margin
CTMX
CTMX
MWG
MWG
Q2 25
-0.8%
Q1 25
46.2%
Q4 24
49.6%
-9.2%
Q3 24
17.2%
Q2 24
-26.0%
Q1 24
33.3%
Q4 23
3.1%
Q3 23
11.3%
EPS (diluted)
CTMX
CTMX
MWG
MWG
Q2 25
Q1 25
Q4 24
$-0.09
Q3 24
Q2 24
Q1 24
Q4 23
Q3 23

Balance Sheet & Financial Strength

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

Metric
CTMX
CTMX
MWG
MWG
Cash + ST InvestmentsLiquidity on hand
$49.0M
$3.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$119.9M
$20.1M
Total Assets
$175.1M
$69.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTMX
CTMX
MWG
MWG
Q2 25
$49.0M
Q1 25
$47.6M
Q4 24
$38.1M
$3.3M
Q3 24
$40.6M
Q2 24
$43.2M
Q1 24
$36.2M
Q4 23
$17.2M
Q3 23
$26.0M
Stockholders' Equity
CTMX
CTMX
MWG
MWG
Q2 25
$119.9M
Q1 25
$25.0M
Q4 24
$-456.0K
$20.1M
Q3 24
$-23.5M
Q2 24
$-31.2M
Q1 24
$-31.7M
Q4 23
$-47.4M
Q3 23
$-51.2M
Total Assets
CTMX
CTMX
MWG
MWG
Q2 25
$175.1M
Q1 25
$98.5M
Q4 24
$120.5M
$69.6M
Q3 24
$139.0M
Q2 24
$159.2M
Q1 24
$184.7M
Q4 23
$201.8M
Q3 23
$221.2M

Cash Flow & Capital Efficiency

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

Metric
CTMX
CTMX
MWG
MWG
Operating Cash FlowLast quarter
$-15.8M
$-12.9M
Free Cash FlowOCF − Capex
$-15.8M
$-13.5M
FCF MarginFCF / Revenue
-84.6%
-43.5%
Capex IntensityCapex / Revenue
0.1%
1.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-77.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTMX
CTMX
MWG
MWG
Q2 25
$-15.8M
Q1 25
$-21.0M
Q4 24
$-19.9M
$-12.9M
Q3 24
$-20.7M
Q2 24
$-19.5M
Q1 24
$-26.0M
Q4 23
$-22.0M
Q3 23
$-18.2M
Free Cash Flow
CTMX
CTMX
MWG
MWG
Q2 25
$-15.8M
Q1 25
$-21.2M
Q4 24
$-20.0M
$-13.5M
Q3 24
$-20.7M
Q2 24
$-19.6M
Q1 24
$-26.2M
Q4 23
$-22.2M
Q3 23
$-18.3M
FCF Margin
CTMX
CTMX
MWG
MWG
Q2 25
-84.6%
Q1 25
-41.6%
Q4 24
-52.5%
-43.5%
Q3 24
-62.1%
Q2 24
-78.2%
Q1 24
-63.1%
Q4 23
-83.5%
Q3 23
-69.2%
Capex Intensity
CTMX
CTMX
MWG
MWG
Q2 25
0.1%
Q1 25
0.2%
Q4 24
0.2%
1.9%
Q3 24
0.1%
Q2 24
0.4%
Q1 24
0.3%
Q4 23
1.0%
Q3 23
0.0%
Cash Conversion
CTMX
CTMX
MWG
MWG
Q2 25
Q1 25
-0.89×
Q4 24
-1.05×
Q3 24
-3.61×
Q2 24
Q1 24
-1.89×
Q4 23
-26.24×
Q3 23
-6.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CTMX
CTMX

Bristol Myers Squibb Company$11.6M62%
Astellas Pharma Inc$4.6M25%
Regeneron Pharmaceuticals Inc$2.1M11%

MWG
MWG

Segment breakdown not available.

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