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Side-by-side financial comparison of Farmmi, Inc. (FAMI) 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 $16.1M, roughly 1.9× Farmmi, Inc.). Farmmi, Inc. runs the higher net margin — -0.3% vs -9.2%, a 8.9% gap on every dollar of revenue. Farmmi, Inc. produced more free cash flow last quarter ($14.6M vs $-13.5M).

Farmmi Inc. is a company that processes and sells agricultural products in China and abroad; it grows and markets shiitake and wood ear mushrooms and other edible fungi products, including bamboo fungi, chestnut mushroom, trumpet royale, hen of the woods, lawyer's wig, and lion's mane mushroom. It also operates Farmmi Jicai, an online store that sells edible fungi products under the Forasen and Farmmi Liangpin brands. In addition, the company exports dried whole and sliced shiitake mushrooms,...

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.

FAMI vs MWG — Head-to-Head

Bigger by revenue
MWG
MWG
1.9× larger
MWG
$31.1M
$16.1M
FAMI
Higher net margin
FAMI
FAMI
8.9% more per $
FAMI
-0.3%
-9.2%
MWG
More free cash flow
FAMI
FAMI
$28.1M more FCF
FAMI
$14.6M
$-13.5M
MWG

Income Statement — Q2 FY2025 vs Q4 FY2024

Metric
FAMI
FAMI
MWG
MWG
Revenue
$16.1M
$31.1M
Net Profit
$-44.0K
$-2.9M
Gross Margin
5.0%
31.3%
Operating Margin
-4.1%
-6.2%
Net Margin
-0.3%
-9.2%
Revenue YoY
-55.7%
Net Profit YoY
-107.0%
EPS (diluted)
$-0.04
$-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
FAMI
FAMI
MWG
MWG
Q1 25
$16.1M
Q4 24
$31.1M
Q1 24
$36.4M
Net Profit
FAMI
FAMI
MWG
MWG
Q1 25
$-44.0K
Q4 24
$-2.9M
Q1 24
$630.5K
Gross Margin
FAMI
FAMI
MWG
MWG
Q1 25
5.0%
Q4 24
31.3%
Q1 24
5.9%
Operating Margin
FAMI
FAMI
MWG
MWG
Q1 25
-4.1%
Q4 24
-6.2%
Q1 24
2.5%
Net Margin
FAMI
FAMI
MWG
MWG
Q1 25
-0.3%
Q4 24
-9.2%
Q1 24
1.7%
EPS (diluted)
FAMI
FAMI
MWG
MWG
Q1 25
$-0.04
Q4 24
$-0.09
Q1 24
$1.20

Balance Sheet & Financial Strength

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

Metric
FAMI
FAMI
MWG
MWG
Cash + ST InvestmentsLiquidity on hand
$3.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$166.4M
$20.1M
Total Assets
$230.4M
$69.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FAMI
FAMI
MWG
MWG
Q1 25
Q4 24
$3.3M
Q1 24
Stockholders' Equity
FAMI
FAMI
MWG
MWG
Q1 25
$166.4M
Q4 24
$20.1M
Q1 24
$164.4M
Total Assets
FAMI
FAMI
MWG
MWG
Q1 25
$230.4M
Q4 24
$69.6M
Q1 24
$171.9M

Cash Flow & Capital Efficiency

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

Metric
FAMI
FAMI
MWG
MWG
Operating Cash FlowLast quarter
$14.6M
$-12.9M
Free Cash FlowOCF − Capex
$14.6M
$-13.5M
FCF MarginFCF / Revenue
90.1%
-43.5%
Capex IntensityCapex / Revenue
0.1%
1.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FAMI
FAMI
MWG
MWG
Q1 25
$14.6M
Q4 24
$-12.9M
Q1 24
$-14.9M
Free Cash Flow
FAMI
FAMI
MWG
MWG
Q1 25
$14.6M
Q4 24
$-13.5M
Q1 24
FCF Margin
FAMI
FAMI
MWG
MWG
Q1 25
90.1%
Q4 24
-43.5%
Q1 24
Capex Intensity
FAMI
FAMI
MWG
MWG
Q1 25
0.1%
Q4 24
1.9%
Q1 24
0.0%
Cash Conversion
FAMI
FAMI
MWG
MWG
Q1 25
Q4 24
Q1 24
-23.63×

Financial Flow Comparison

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

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