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Side-by-side financial comparison of Maiden Holdings, Ltd. (MHLA) and PS International Group Ltd. (PSIG). Click either name above to swap in a different company.

PS International Group Ltd. is the larger business by last-quarter revenue ($23.2M vs $14.0M, roughly 1.7× Maiden Holdings, Ltd.). PS International Group Ltd. runs the higher net margin — -1.8% vs -61.5%, a 59.7% gap on every dollar of revenue.

Maiden Holdings Ltd. is a Bermuda based holding company with insurance subsidiaries that provides specialty reinsurance products for the global property and casualty market. The company has operating subsidiaries in the United States, Europe, and Bermuda.

P.S. Fashion is an international brand from Serbia. It is the flagship chain store of the P.S. Fashion Design, clothing company headquartered in Čačak, Serbia.

MHLA vs PSIG — Head-to-Head

Bigger by revenue
PSIG
PSIG
1.7× larger
PSIG
$23.2M
$14.0M
MHLA
Higher net margin
PSIG
PSIG
59.7% more per $
PSIG
-1.8%
-61.5%
MHLA

Income Statement — Q1 FY2025 vs Q2 FY2025

Metric
MHLA
MHLA
PSIG
PSIG
Revenue
$14.0M
$23.2M
Net Profit
$-8.6M
$-415.2K
Gross Margin
0.9%
Operating Margin
-42.1%
-8.4%
Net Margin
-61.5%
-1.8%
Revenue YoY
-51.4%
Net Profit YoY
-692.5%
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
MHLA
MHLA
PSIG
PSIG
Q2 25
$23.2M
Q1 25
$14.0M
Q4 24
$11.6M
Q3 24
$14.5M
Q2 24
$20.5M
$39.4M
Q1 24
$28.9M
Q4 23
$25.2M
Q3 23
$21.8M
Net Profit
MHLA
MHLA
PSIG
PSIG
Q2 25
$-415.2K
Q1 25
$-8.6M
Q4 24
$-158.0M
Q3 24
$-34.5M
Q2 24
$-10.0M
$-445.6K
Q1 24
$1.5M
Q4 23
$-20.8M
Q3 23
$-3.5M
Gross Margin
MHLA
MHLA
PSIG
PSIG
Q2 25
0.9%
Q1 25
Q4 24
Q3 24
Q2 24
3.1%
Q1 24
Q4 23
Q3 23
Operating Margin
MHLA
MHLA
PSIG
PSIG
Q2 25
-8.4%
Q1 25
-42.1%
Q4 24
2103.0%
Q3 24
-243.1%
Q2 24
-53.7%
-1.2%
Q1 24
3.0%
Q4 23
-84.2%
Q3 23
-26.4%
Net Margin
MHLA
MHLA
PSIG
PSIG
Q2 25
-1.8%
Q1 25
-61.5%
Q4 24
2125.8%
Q3 24
-238.1%
Q2 24
-48.7%
-1.1%
Q1 24
5.0%
Q4 23
-82.4%
Q3 23
-16.2%
EPS (diluted)
MHLA
MHLA
PSIG
PSIG
Q2 25
Q1 25
$-0.09
Q4 24
$-1.57
Q3 24
$-0.35
Q2 24
$-0.10
Q1 24
$0.01
Q4 23
$-0.21
Q3 23
$-0.03

Balance Sheet & Financial Strength

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

Metric
MHLA
MHLA
PSIG
PSIG
Cash + ST InvestmentsLiquidity on hand
$28.7M
$7.0M
Total DebtLower is stronger
$254.8M
Stockholders' EquityBook value
$37.6M
$10.9M
Total Assets
$1.2B
$15.6M
Debt / EquityLower = less leverage
6.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MHLA
MHLA
PSIG
PSIG
Q2 25
$7.0M
Q1 25
$28.7M
Q4 24
$25.7M
Q3 24
$110.0M
Q2 24
$24.8M
$8.6M
Q1 24
$20.7M
Q4 23
$35.4M
Q3 23
$17.9M
Total Debt
MHLA
MHLA
PSIG
PSIG
Q2 25
Q1 25
$254.8M
Q4 24
$254.8M
Q3 24
$254.7M
Q2 24
$254.7M
Q1 24
$254.6M
Q4 23
$254.6M
Q3 23
$254.6M
Stockholders' Equity
MHLA
MHLA
PSIG
PSIG
Q2 25
$10.9M
Q1 25
$37.6M
Q4 24
$45.2M
Q3 24
$208.2M
Q2 24
$238.0M
$12.4M
Q1 24
$249.4M
Q4 23
$249.2M
Q3 23
$263.2M
Total Assets
MHLA
MHLA
PSIG
PSIG
Q2 25
$15.6M
Q1 25
$1.2B
Q4 24
$1.3B
Q3 24
$1.4B
Q2 24
$1.4B
$27.5M
Q1 24
$1.5B
Q4 23
$1.5B
Q3 23
$1.6B
Debt / Equity
MHLA
MHLA
PSIG
PSIG
Q2 25
Q1 25
6.78×
Q4 24
5.64×
Q3 24
1.22×
Q2 24
1.07×
Q1 24
1.02×
Q4 23
1.02×
Q3 23
0.97×

Cash Flow & Capital Efficiency

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

Metric
MHLA
MHLA
PSIG
PSIG
Operating Cash FlowLast quarter
$-21.1M
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
MHLA
MHLA
PSIG
PSIG
Q2 25
Q1 25
$-21.1M
Q4 24
$-67.4M
Q3 24
$-3.8M
Q2 24
$-23.4M
Q1 24
$8.0M
Q4 23
$6.2M
Q3 23
$-2.3M
Cash Conversion
MHLA
MHLA
PSIG
PSIG
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
5.52×
Q4 23
Q3 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

MHLA
MHLA

Segment breakdown not available.

PSIG
PSIG

Air freight$22.6M97%
Ocean freight$599.6K3%
Ancillary logistic services$35.8K0%

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