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Side-by-side financial comparison of Indonesia Energy Corp Ltd (INDO) and Marwynn Holdings, Inc. (MWYN). Click either name above to swap in a different company.

Marwynn Holdings, Inc. is the larger business by last-quarter revenue ($2.3M vs $1.4M, roughly 1.6× Indonesia Energy Corp Ltd). Marwynn Holdings, Inc. runs the higher net margin — -116.0% vs -195.5%, a 79.5% gap on every dollar of revenue. On growth, Indonesia Energy Corp Ltd posted the faster year-over-year revenue change (0.0% vs -13.3%).

PT Kino Indonesia Tbk, formerly PT Kinocare Era Kosmetindo, or simply known as Kino, is an Indonesian multinational consumer goods company headquartered in Tangerang, Banten, founded in 1999 by Harry Sanusi. It specializes the manufacturing of its products in the wide range of personal care, hygiene, health care, confectionery, pastry, beverages, and pet care. As of 2022, the company is currently led by Sidharta Prawira Oetama as its president director while Sanusi act as its president commis...

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.

INDO vs MWYN — Head-to-Head

Bigger by revenue
MWYN
MWYN
1.6× larger
MWYN
$2.3M
$1.4M
INDO
Growing faster (revenue YoY)
INDO
INDO
+13.3% gap
INDO
0.0%
-13.3%
MWYN
Higher net margin
MWYN
MWYN
79.5% more per $
MWYN
-116.0%
-195.5%
INDO

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
INDO
INDO
MWYN
MWYN
Revenue
$1.4M
$2.3M
Net Profit
$-2.8M
$-2.7M
Gross Margin
42.4%
Operating Margin
-167.8%
-115.8%
Net Margin
-195.5%
-116.0%
Revenue YoY
0.0%
-13.3%
Net Profit YoY
-34.5%
-11713.9%
EPS (diluted)
$-0.19
$-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.

Revenue
INDO
INDO
MWYN
MWYN
Q3 25
$2.3M
Q2 25
$1.4M
Q1 25
$623.7K
Q2 24
$1.8M
Q2 23
$2.3M
Q2 22
$2.3M
Net Profit
INDO
INDO
MWYN
MWYN
Q3 25
$-2.7M
Q2 25
$-2.8M
Q1 25
$23.4K
Q2 24
$-2.1M
Q2 23
$-1.6M
Q2 22
$-1.1M
Gross Margin
INDO
INDO
MWYN
MWYN
Q3 25
42.4%
Q2 25
Q1 25
39.2%
Q2 24
Q2 23
Q2 22
Operating Margin
INDO
INDO
MWYN
MWYN
Q3 25
-115.8%
Q2 25
-167.8%
Q1 25
13.5%
Q2 24
-102.7%
Q2 23
-83.4%
Q2 22
-82.1%
Net Margin
INDO
INDO
MWYN
MWYN
Q3 25
-116.0%
Q2 25
-195.5%
Q1 25
3.8%
Q2 24
-114.0%
Q2 23
-69.5%
Q2 22
-45.5%
EPS (diluted)
INDO
INDO
MWYN
MWYN
Q3 25
$-0.16
Q2 25
$-0.19
Q1 25
$0.00
Q2 24
$-0.26
Q2 23
$-0.16
Q2 22
$-0.13

Balance Sheet & Financial Strength

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

Metric
INDO
INDO
MWYN
MWYN
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$21.9M
$2.3M
Total Assets
$25.2M
$11.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INDO
INDO
MWYN
MWYN
Q3 25
Q2 25
Q1 25
$480
Q2 24
Q2 23
Q2 22
$4.9M
Stockholders' Equity
INDO
INDO
MWYN
MWYN
Q3 25
$2.3M
Q2 25
$21.9M
Q1 25
$2.4M
Q2 24
$13.1M
Q2 23
$15.7M
Q2 22
$11.6M
Total Assets
INDO
INDO
MWYN
MWYN
Q3 25
$11.6M
Q2 25
$25.2M
Q1 25
$12.6M
Q2 24
$17.5M
Q2 23
$18.7M
Q2 22
$19.1M

Cash Flow & Capital Efficiency

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

Metric
INDO
INDO
MWYN
MWYN
Operating Cash FlowLast quarter
$-2.5M
$-95.1K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INDO
INDO
MWYN
MWYN
Q3 25
$-95.1K
Q2 25
$-2.5M
Q1 25
Q2 24
$-700.9K
Q2 23
$-1.3M
Q2 22
$-3.1M
Free Cash Flow
INDO
INDO
MWYN
MWYN
Q3 25
Q2 25
Q1 25
Q2 24
Q2 23
Q2 22
$-3.1M
FCF Margin
INDO
INDO
MWYN
MWYN
Q3 25
Q2 25
Q1 25
Q2 24
Q2 23
Q2 22
-132.3%
Capex Intensity
INDO
INDO
MWYN
MWYN
Q3 25
Q2 25
Q1 25
Q2 24
Q2 23
Q2 22
1.1%

Financial Flow Comparison

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

Revenue Breakdown by Segment

INDO
INDO

Segment breakdown not available.

MWYN
MWYN

Other$1.3M57%
Revenue From Recyclable Ewaste Materials Sales$1.0M43%

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