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Side-by-side financial comparison of Multi Ways Holdings Ltd (MWG) and NIP Group Inc. (NIPG). Click either name above to swap in a different company.

NIP Group Inc. is the larger business by last-quarter revenue ($39.3M vs $31.1M, roughly 1.3× Multi Ways Holdings Ltd). Multi Ways Holdings Ltd runs the higher net margin — -9.2% vs -11.9%, a 2.7% 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.

MWG vs NIPG — Head-to-Head

Bigger by revenue
NIPG
NIPG
1.3× larger
NIPG
$39.3M
$31.1M
MWG
Higher net margin
MWG
MWG
2.7% more per $
MWG
-9.2%
-11.9%
NIPG

Income Statement — Q4 FY2024 vs Q2 FY2024

Metric
MWG
MWG
NIPG
NIPG
Revenue
$31.1M
$39.3M
Net Profit
$-2.9M
$-4.7M
Gross Margin
31.3%
6.0%
Operating Margin
-6.2%
-13.0%
Net Margin
-9.2%
-11.9%
Revenue YoY
Net Profit YoY
EPS (diluted)
$-0.09

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
MWG
MWG
NIPG
NIPG
Cash + ST InvestmentsLiquidity on hand
$3.3M
$6.8M
Total DebtLower is stronger
$3.8M
Stockholders' EquityBook value
$20.1M
Total Assets
$69.6M
$305.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MWG
MWG
NIPG
NIPG
Q4 24
$3.3M
Q2 24
$6.8M
Total Debt
MWG
MWG
NIPG
NIPG
Q4 24
Q2 24
$3.8M
Stockholders' Equity
MWG
MWG
NIPG
NIPG
Q4 24
$20.1M
Q2 24
Total Assets
MWG
MWG
NIPG
NIPG
Q4 24
$69.6M
Q2 24
$305.3M

Cash Flow & Capital Efficiency

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

Metric
MWG
MWG
NIPG
NIPG
Operating Cash FlowLast quarter
$-12.9M
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.

Operating Cash Flow
MWG
MWG
NIPG
NIPG
Q4 24
$-12.9M
Q2 24
Free Cash Flow
MWG
MWG
NIPG
NIPG
Q4 24
$-13.5M
Q2 24
FCF Margin
MWG
MWG
NIPG
NIPG
Q4 24
-43.5%
Q2 24
Capex Intensity
MWG
MWG
NIPG
NIPG
Q4 24
1.9%
Q2 24

Financial Flow Comparison

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

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