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Side-by-side financial comparison of Multi Ways Holdings Ltd (MWG) and NaaS Technology Inc. (NAAS). 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 $25.9M, roughly 1.2× NaaS Technology Inc.). Multi Ways Holdings Ltd runs the higher net margin — -9.2% vs -193.3%, a 184.1% gap on every dollar of revenue.
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.
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.
MWG vs NAAS — Head-to-Head
Income Statement — Q4 FY2024 vs Q2 FY2024
| Metric | | |
|---|---|---|
| Revenue | $31.1M | $25.9M |
| Net Profit | $-2.9M | $-50.0M |
| Gross Margin | 31.3% | 29.2% |
| Operating Margin | -6.2% | -144.2% |
| Net Margin | -9.2% | -193.3% |
| Revenue YoY | — | 121.2% |
| Net Profit YoY | — | 18.4% |
| EPS (diluted) | $-0.09 | $-0.02 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.3M | $24.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $20.1M | $-33.4M |
| Total Assets | $69.6M | $180.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 24 | $3.3M | — | ||
| Q2 24 | — | $24.7M |
| Q4 24 | $20.1M | — | ||
| Q2 24 | — | $-33.4M |
| Q4 24 | $69.6M | — | ||
| Q2 24 | — | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-12.9M | $-25.7M |
| Free Cash FlowOCF − Capex | $-13.5M | — |
| FCF MarginFCF / Revenue | -43.5% | — |
| Capex IntensityCapex / Revenue | 1.9% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 24 | $-12.9M | — | ||
| Q2 24 | — | $-25.7M |
| Q4 24 | $-13.5M | — | ||
| Q2 24 | — | — |
| Q4 24 | -43.5% | — | ||
| Q2 24 | — | — |
| Q4 24 | 1.9% | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
