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Side-by-side financial comparison of Fatpipe Inc (FATN) and Marwynn Holdings, Inc. (MWYN). Click either name above to swap in a different company.
Fatpipe Inc is the larger business by last-quarter revenue ($4.1M vs $2.3M, roughly 1.7× Marwynn Holdings, Inc.). Fatpipe Inc runs the higher net margin — 7.6% vs -116.0%, a 123.6% gap on every dollar of revenue. On growth, Fatpipe Inc posted the faster year-over-year revenue change (3.2% vs -13.3%).
Marwynn Holdings, Inc. is a Canada-based investment holding company focused on acquiring, managing, and scaling middle-market businesses primarily across North America. Its core operating segments cover industrial products, consumer goods, and technology-enabled services, targeting sustainable long-term value creation for its stakeholders.
FATN vs MWYN — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.1M | $2.3M |
| Net Profit | $310.7K | $-2.7M |
| Gross Margin | 87.7% | 42.4% |
| Operating Margin | 9.8% | -115.8% |
| Net Margin | 7.6% | -116.0% |
| Revenue YoY | 3.2% | -13.3% |
| Net Profit YoY | 816.0% | -11713.9% |
| EPS (diluted) | $0.02 | $-0.16 |
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.
| Q4 25 | $4.1M | — | ||
| Q3 25 | $4.0M | $2.3M | ||
| Q2 25 | $3.9M | — | ||
| Q1 25 | — | $623.7K |
| Q4 25 | $310.7K | — | ||
| Q3 25 | $-43.4K | $-2.7M | ||
| Q2 25 | $741.2K | — | ||
| Q1 25 | — | $23.4K |
| Q4 25 | 87.7% | — | ||
| Q3 25 | 92.1% | 42.4% | ||
| Q2 25 | 94.2% | — | ||
| Q1 25 | — | 39.2% |
| Q4 25 | 9.8% | — | ||
| Q3 25 | -0.0% | -115.8% | ||
| Q2 25 | 25.5% | — | ||
| Q1 25 | — | 13.5% |
| Q4 25 | 7.6% | — | ||
| Q3 25 | -1.1% | -116.0% | ||
| Q2 25 | 18.8% | — | ||
| Q1 25 | — | 3.8% |
| Q4 25 | $0.02 | — | ||
| Q3 25 | $0.00 | $-0.16 | ||
| Q2 25 | $0.05 | — | ||
| Q1 25 | — | $0.00 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | $4.6M | — |
| Stockholders' EquityBook value | $21.2M | $2.3M |
| Total Assets | $32.4M | $11.6M |
| Debt / EquityLower = less leverage | 0.22× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $480 |
| Q4 25 | $4.6M | — | ||
| Q3 25 | $4.8M | — | ||
| Q2 25 | $4.9M | — | ||
| Q1 25 | — | — |
| Q4 25 | $21.2M | — | ||
| Q3 25 | $21.0M | $2.3M | ||
| Q2 25 | $20.4M | — | ||
| Q1 25 | — | $2.4M |
| Q4 25 | $32.4M | — | ||
| Q3 25 | $32.2M | $11.6M | ||
| Q2 25 | $32.0M | — | ||
| Q1 25 | — | $12.6M |
| Q4 25 | 0.22× | — | ||
| Q3 25 | 0.23× | — | ||
| Q2 25 | 0.24× | — | ||
| Q1 25 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $240.9K | $-95.1K |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.78× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $240.9K | — | ||
| Q3 25 | $399.8K | $-95.1K | ||
| Q2 25 | $-508.6K | — | ||
| Q1 25 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-551.1K | — | ||
| Q1 25 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -14.0% | — | ||
| Q1 25 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | — | — |
| Q4 25 | 0.78× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.69× | — | ||
| Q1 25 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FATN
| Products | $2.6M | 63% |
| Other | $1.5M | 37% |
MWYN
| Other | $1.3M | 57% |
| Revenue From Recyclable Ewaste Materials Sales | $1.0M | 43% |
