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Side-by-side financial comparison of TPG Mortgage Investment Trust, Inc. (MITT) 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 $20.4M, roughly 1.5× TPG Mortgage Investment Trust, Inc.). TPG Mortgage Investment Trust, Inc. runs the higher net margin — 65.0% vs -9.2%, a 74.2% gap on every dollar of revenue.

TPG Mortgage Investment Trust, Inc. is a real estate investment trust managed by global alternative asset firm TPG. It primarily invests in residential and commercial mortgage-backed securities, performing and non-performing mortgage loans, and other credit-linked real estate assets, with its core market being the United States. It generates returns via net interest income from holdings and strategic asset disposition gains.

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.

MITT vs MWG — Head-to-Head

Bigger by revenue
MWG
MWG
1.5× larger
MWG
$31.1M
$20.4M
MITT
Higher net margin
MITT
MITT
74.2% more per $
MITT
65.0%
-9.2%
MWG

Income Statement — Q4 FY2025 vs Q4 FY2024

Metric
MITT
MITT
MWG
MWG
Revenue
$20.4M
$31.1M
Net Profit
$13.3M
$-2.9M
Gross Margin
31.3%
Operating Margin
67.1%
-6.2%
Net Margin
65.0%
-9.2%
Revenue YoY
17.7%
Net Profit YoY
-7.0%
EPS (diluted)
$0.27
$-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
MITT
MITT
MWG
MWG
Q4 25
$20.4M
Q3 25
$19.5M
Q2 25
$17.8M
Q1 25
$18.8M
Q4 24
$17.4M
$31.1M
Q3 24
$14.9M
Q2 24
$16.4M
Q1 24
$17.2M
Net Profit
MITT
MITT
MWG
MWG
Q4 25
$13.3M
Q3 25
$20.0M
Q2 25
$3.9M
Q1 25
$11.5M
Q4 24
$14.3M
$-2.9M
Q3 24
$16.6M
Q2 24
$3.9M
Q1 24
$20.9M
Gross Margin
MITT
MITT
MWG
MWG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
31.3%
Q3 24
Q2 24
Q1 24
Operating Margin
MITT
MITT
MWG
MWG
Q4 25
67.1%
Q3 25
Q2 25
20.9%
Q1 25
54.6%
Q4 24
76.7%
-6.2%
Q3 24
Q2 24
18.4%
Q1 24
Net Margin
MITT
MITT
MWG
MWG
Q4 25
65.0%
Q3 25
102.5%
Q2 25
22.2%
Q1 25
60.9%
Q4 24
82.2%
-9.2%
Q3 24
111.3%
Q2 24
24.0%
Q1 24
121.6%
EPS (diluted)
MITT
MITT
MWG
MWG
Q4 25
$0.27
Q3 25
$0.47
Q2 25
$-0.05
Q1 25
$0.21
Q4 24
$0.30
$-0.09
Q3 24
$0.40
Q2 24
$-0.02
Q1 24
$0.55

Balance Sheet & Financial Strength

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

Metric
MITT
MITT
MWG
MWG
Cash + ST InvestmentsLiquidity on hand
$57.8M
$3.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$560.7M
$20.1M
Total Assets
$8.7B
$69.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MITT
MITT
MWG
MWG
Q4 25
$57.8M
Q3 25
$59.0M
Q2 25
$88.7M
Q1 25
$115.5M
Q4 24
$118.7M
$3.3M
Q3 24
$102.5M
Q2 24
$120.9M
Q1 24
$100.3M
Stockholders' Equity
MITT
MITT
MWG
MWG
Q4 25
$560.7M
Q3 25
$559.8M
Q2 25
$536.4M
Q1 25
$543.9M
Q4 24
$543.4M
$20.1M
Q3 24
$540.1M
Q2 24
$533.5M
Q1 24
$539.6M
Total Assets
MITT
MITT
MWG
MWG
Q4 25
$8.7B
Q3 25
$9.0B
Q2 25
$7.5B
Q1 25
$7.3B
Q4 24
$6.9B
$69.6M
Q3 24
$7.0B
Q2 24
$7.1B
Q1 24
$6.4B

Cash Flow & Capital Efficiency

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

Metric
MITT
MITT
MWG
MWG
Operating Cash FlowLast quarter
$59.6M
$-12.9M
Free Cash FlowOCF − Capex
$-13.5M
FCF MarginFCF / Revenue
-43.5%
Capex IntensityCapex / Revenue
1.9%
Cash ConversionOCF / Net Profit
4.48×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MITT
MITT
MWG
MWG
Q4 25
$59.6M
Q3 25
$17.4M
Q2 25
$11.5M
Q1 25
$12.0M
Q4 24
$55.8M
$-12.9M
Q3 24
$14.5M
Q2 24
$13.7M
Q1 24
$12.0M
Free Cash Flow
MITT
MITT
MWG
MWG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-13.5M
Q3 24
Q2 24
Q1 24
FCF Margin
MITT
MITT
MWG
MWG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-43.5%
Q3 24
Q2 24
Q1 24
Capex Intensity
MITT
MITT
MWG
MWG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
1.9%
Q3 24
Q2 24
Q1 24
Cash Conversion
MITT
MITT
MWG
MWG
Q4 25
4.48×
Q3 25
0.87×
Q2 25
2.92×
Q1 25
1.05×
Q4 24
3.91×
Q3 24
0.87×
Q2 24
3.50×
Q1 24
0.57×

Financial Flow Comparison

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

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