vs

Side-by-side financial comparison of Marti Technologies, Inc. (MRT) and NaaS Technology Inc. (NAAS). Click either name above to swap in a different company.

NaaS Technology Inc. is the larger business by last-quarter revenue ($25.9M vs $14.6M, roughly 1.8× Marti Technologies, Inc.). On growth, NaaS Technology Inc. posted the faster year-over-year revenue change (121.2% vs 63.1%).

The Marti Group is a Swiss construction company, consisting of over 80 subsidiaries, officially owned by Marti Holding AG. Besides Switzerland, they are active in neighboring countries such as Germany and Austria, and also outside of Europe such as China and Chile. The company is known for high-profile public and private sector projects and using innovative technologies. Their areas of expertise include building construction, construction and renovation of tunnels, road construction, hydrauli...

NaaS Technology Inc. is a leading electric vehicle energy service provider based in China. It delivers one-stop solutions covering charging network operation, software and hardware support for charging station operators, and value-added services such as charging location search and payment for EV owners, serving both enterprise and individual customers across domestic and select overseas markets.

MRT vs NAAS — Head-to-Head

Bigger by revenue
NAAS
NAAS
1.8× larger
NAAS
$25.9M
$14.6M
MRT
Growing faster (revenue YoY)
NAAS
NAAS
+58.2% gap
NAAS
121.2%
63.1%
MRT

Income Statement — Q2 FY2025 vs Q2 FY2024

Metric
MRT
MRT
NAAS
NAAS
Revenue
$14.6M
$25.9M
Net Profit
$-50.0M
Gross Margin
49.4%
29.2%
Operating Margin
-86.1%
-144.2%
Net Margin
-193.3%
Revenue YoY
63.1%
121.2%
Net Profit YoY
18.4%
EPS (diluted)
$-0.26
$-0.02

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
MRT
MRT
NAAS
NAAS
Q2 25
$14.6M
Q2 24
$8.9M
$25.9M
Net Profit
MRT
MRT
NAAS
NAAS
Q2 25
Q2 24
$-50.0M
Gross Margin
MRT
MRT
NAAS
NAAS
Q2 25
49.4%
Q2 24
29.2%
Operating Margin
MRT
MRT
NAAS
NAAS
Q2 25
-86.1%
Q2 24
-204.1%
-144.2%
Net Margin
MRT
MRT
NAAS
NAAS
Q2 25
Q2 24
-193.3%
EPS (diluted)
MRT
MRT
NAAS
NAAS
Q2 25
$-0.26
Q2 24
$-0.38
$-0.02

Balance Sheet & Financial Strength

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

Metric
MRT
MRT
NAAS
NAAS
Cash + ST InvestmentsLiquidity on hand
$4.2M
$24.7M
Total DebtLower is stronger
$83.0M
Stockholders' EquityBook value
$-73.2M
$-33.4M
Total Assets
$17.2M
$180.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRT
MRT
NAAS
NAAS
Q2 25
$4.2M
Q2 24
$9.0M
$24.7M
Total Debt
MRT
MRT
NAAS
NAAS
Q2 25
$83.0M
Q2 24
$60.2M
Stockholders' Equity
MRT
MRT
NAAS
NAAS
Q2 25
$-73.2M
Q2 24
$-51.2M
$-33.4M
Total Assets
MRT
MRT
NAAS
NAAS
Q2 25
$17.2M
Q2 24
$25.0M
$180.2M

Cash Flow & Capital Efficiency

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

Metric
MRT
MRT
NAAS
NAAS
Operating Cash FlowLast quarter
$-25.7M
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
MRT
MRT
NAAS
NAAS
Q2 25
Q2 24
$-25.7M

Financial Flow Comparison

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

Related Comparisons