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Side-by-side financial comparison of Hillenbrand, Inc. (HI) and Multi Ways Holdings Ltd (MWG). Click either name above to swap in a different company.

Hillenbrand, Inc. is the larger business by last-quarter revenue ($550.2M vs $31.1M, roughly 17.7× Multi Ways Holdings Ltd). Hillenbrand, Inc. runs the higher net margin — -0.4% vs -9.2%, a 8.8% gap on every dollar of revenue. Multi Ways Holdings Ltd produced more free cash flow last quarter ($-13.5M vs $-31.6M).

Hillenbrand, Inc. is a global diversified industrial firm that designs, manufactures, and distributes specialized processing equipment and durable industrial solutions. It serves food & beverage, agriculture, manufacturing, waste management sectors, with operations across North America, Europe, and APAC.

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.

HI vs MWG — Head-to-Head

Bigger by revenue
HI
HI
17.7× larger
HI
$550.2M
$31.1M
MWG
Higher net margin
HI
HI
8.8% more per $
HI
-0.4%
-9.2%
MWG
More free cash flow
MWG
MWG
$18.1M more FCF
MWG
$-13.5M
$-31.6M
HI

Income Statement — Q1 2026 vs Q4 2024

Metric
HI
HI
MWG
MWG
Revenue
$550.2M
$31.1M
Net Profit
$-2.2M
$-2.9M
Gross Margin
33.4%
31.3%
Operating Margin
-2.2%
-6.2%
Net Margin
-0.4%
-9.2%
Revenue YoY
-22.2%
Net Profit YoY
-134.4%
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
HI
HI
MWG
MWG
Q4 25
$550.2M
Q3 25
$652.1M
Q2 25
$598.9M
Q1 25
$715.9M
Q4 24
$706.9M
$31.1M
Q3 24
$837.6M
Q2 24
$786.6M
Q1 24
$785.3M
Net Profit
HI
HI
MWG
MWG
Q4 25
$-2.2M
Q3 25
$75.7M
Q2 25
$1.9M
Q1 25
$-40.9M
Q4 24
$6.4M
$-2.9M
Q3 24
$14.6M
Q2 24
$-248.9M
Q1 24
$6.1M
Gross Margin
HI
HI
MWG
MWG
Q4 25
33.4%
Q3 25
34.8%
Q2 25
33.8%
Q1 25
33.0%
Q4 24
33.2%
31.3%
Q3 24
34.4%
Q2 24
33.9%
Q1 24
31.9%
Operating Margin
HI
HI
MWG
MWG
Q4 25
-2.2%
Q3 25
Q2 25
1.8%
Q1 25
-6.2%
Q4 24
2.2%
-6.2%
Q3 24
Q2 24
-32.7%
Q1 24
1.6%
Net Margin
HI
HI
MWG
MWG
Q4 25
-0.4%
Q3 25
11.6%
Q2 25
0.3%
Q1 25
-5.7%
Q4 24
0.9%
-9.2%
Q3 24
1.7%
Q2 24
-31.6%
Q1 24
0.8%
EPS (diluted)
HI
HI
MWG
MWG
Q4 25
Q3 25
$1.07
Q2 25
$0.03
Q1 25
$-0.58
Q4 24
$0.09
$-0.09
Q3 24
$0.20
Q2 24
$-3.53
Q1 24
$0.09

Balance Sheet & Financial Strength

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

Metric
HI
HI
MWG
MWG
Cash + ST InvestmentsLiquidity on hand
$173.1M
$3.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.4B
$20.1M
Total Assets
$4.5B
$69.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HI
HI
MWG
MWG
Q4 25
$173.1M
Q3 25
$164.8M
Q2 25
$162.8M
Q1 25
$458.4M
Q4 24
$208.0M
$3.3M
Q3 24
$199.3M
Q2 24
$223.8M
Q1 24
$224.4M
Total Debt
HI
HI
MWG
MWG
Q4 25
Q3 25
$1.5B
Q2 25
$1.7B
Q1 25
$1.9B
Q4 24
$1.9B
Q3 24
$1.9B
Q2 24
$2.1B
Q1 24
$2.1B
Stockholders' Equity
HI
HI
MWG
MWG
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$1.3B
Q1 25
$1.3B
Q4 24
$1.4B
$20.1M
Q3 24
$1.4B
Q2 24
$1.4B
Q1 24
$1.7B
Total Assets
HI
HI
MWG
MWG
Q4 25
$4.5B
Q3 25
$4.5B
Q2 25
$4.7B
Q1 25
$4.8B
Q4 24
$5.1B
$69.6M
Q3 24
$5.2B
Q2 24
$5.3B
Q1 24
$5.6B
Debt / Equity
HI
HI
MWG
MWG
Q4 25
Q3 25
1.10×
Q2 25
1.27×
Q1 25
1.44×
Q4 24
1.38×
Q3 24
1.33×
Q2 24
1.48×
Q1 24
1.28×

Cash Flow & Capital Efficiency

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

Metric
HI
HI
MWG
MWG
Operating Cash FlowLast quarter
$-27.4M
$-12.9M
Free Cash FlowOCF − Capex
$-31.6M
$-13.5M
FCF MarginFCF / Revenue
-5.7%
-43.5%
Capex IntensityCapex / Revenue
0.8%
1.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$7.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HI
HI
MWG
MWG
Q4 25
$-27.4M
Q3 25
$67.7M
Q2 25
$-1.5M
Q1 25
$1.3M
Q4 24
$-11.3M
$-12.9M
Q3 24
$166.5M
Q2 24
$45.6M
Q1 24
$3.2M
Free Cash Flow
HI
HI
MWG
MWG
Q4 25
$-31.6M
Q3 25
$58.6M
Q2 25
$-11.2M
Q1 25
$-8.0M
Q4 24
$-21.5M
$-13.5M
Q3 24
$153.4M
Q2 24
$29.7M
Q1 24
$-9.6M
FCF Margin
HI
HI
MWG
MWG
Q4 25
-5.7%
Q3 25
9.0%
Q2 25
-1.9%
Q1 25
-1.1%
Q4 24
-3.0%
-43.5%
Q3 24
18.3%
Q2 24
3.8%
Q1 24
-1.2%
Capex Intensity
HI
HI
MWG
MWG
Q4 25
0.8%
Q3 25
1.4%
Q2 25
1.6%
Q1 25
1.3%
Q4 24
1.4%
1.9%
Q3 24
1.6%
Q2 24
2.0%
Q1 24
1.6%
Cash Conversion
HI
HI
MWG
MWG
Q4 25
Q3 25
0.89×
Q2 25
-0.79×
Q1 25
Q4 24
-1.77×
Q3 24
11.40×
Q2 24
Q1 24
0.52×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HI
HI

Transferred At Point In Time$256.5M47%
Transferred Over Time$207.1M38%
Molding Technology Solutions$86.6M16%

MWG
MWG

Segment breakdown not available.

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