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Side-by-side financial comparison of Multi Ways Holdings Ltd (MWG) and Neptune Insurance Holdings Inc. (NP). Click either name above to swap in a different company.
Neptune Insurance Holdings Inc. is the larger business by last-quarter revenue ($37.8M vs $31.1M, roughly 1.2× Multi Ways Holdings Ltd). Neptune Insurance Holdings Inc. runs the higher net margin — 0.1% vs -9.2%, a 9.3% 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.
Neptune Insurance Holdings Inc. is a specialty insurance holding company that offers a broad portfolio of property and casualty insurance products, with a core focus on residential and commercial flood insurance for customers across the United States. It serves both individual consumers and small to mid-sized business clients, using advanced data analytics to support accurate policy pricing and robust risk management.
MWG vs NP — Head-to-Head
Income Statement — Q4 FY2024 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $31.1M | $37.8M |
| Net Profit | $-2.9M | $50.0K |
| Gross Margin | 31.3% | — |
| Operating Margin | -6.2% | — |
| Net Margin | -9.2% | 0.1% |
| Revenue YoY | — | 28.8% |
| Net Profit YoY | — | 0.0% |
| EPS (diluted) | $-0.09 | $0.05 |
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.
| Q1 26 | — | $37.8M | ||
| Q3 25 | — | $44.4M | ||
| Q4 24 | $31.1M | — | ||
| Q3 24 | — | $33.8M |
| Q1 26 | — | $50.0K | ||
| Q3 25 | — | $11.5M | ||
| Q4 24 | $-2.9M | — | ||
| Q3 24 | — | $12.1M |
| Q1 26 | — | — | ||
| Q3 25 | — | — | ||
| Q4 24 | 31.3% | — | ||
| Q3 24 | — | — |
| Q1 26 | — | — | ||
| Q3 25 | — | 46.7% | ||
| Q4 24 | -6.2% | — | ||
| Q3 24 | — | 58.6% |
| Q1 26 | — | 0.1% | ||
| Q3 25 | — | 25.9% | ||
| Q4 24 | -9.2% | — | ||
| Q3 24 | — | 35.8% |
| Q1 26 | — | $0.05 | ||
| Q3 25 | — | $0.06 | ||
| Q4 24 | $-0.09 | — | ||
| Q3 24 | — | $0.06 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $20.1M | — |
| Total Assets | $69.6M | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q3 25 | — | $12.2M | ||
| Q4 24 | $3.3M | — | ||
| Q3 24 | — | — |
| Q1 26 | — | — | ||
| Q3 25 | — | $247.6M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — |
| Q1 26 | — | — | ||
| Q3 25 | — | $-509.5M | ||
| Q4 24 | $20.1M | — | ||
| Q3 24 | — | $-374.3M |
| Q1 26 | — | — | ||
| Q3 25 | — | $89.6M | ||
| Q4 24 | $69.6M | — | ||
| Q3 24 | — | — |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q3 25 | — | $38.9M | ||
| Q4 24 | $-12.9M | — | ||
| Q3 24 | — | — |
| Q1 26 | — | — | ||
| Q3 25 | — | — | ||
| Q4 24 | $-13.5M | — | ||
| Q3 24 | — | — |
| Q1 26 | — | — | ||
| Q3 25 | — | — | ||
| Q4 24 | -43.5% | — | ||
| Q3 24 | — | — |
| Q1 26 | — | — | ||
| Q3 25 | — | — | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | — | — |
| Q1 26 | — | — | ||
| Q3 25 | — | 3.38× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
