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Side-by-side financial comparison of Multi Ways Holdings Ltd (MWG) and TRUSTCO BANK CORP N Y (TRST). Click either name above to swap in a different company.

TRUSTCO BANK CORP N Y is the larger business by last-quarter revenue ($49.5M vs $31.1M, roughly 1.6× Multi Ways Holdings Ltd). TRUSTCO BANK CORP N Y runs the higher net margin — 32.9% vs -9.2%, a 42.1% 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.

TRUSTCO BANK CORP N Y is a regional U.S. financial holding company that provides a full suite of retail and commercial banking products and services, including personal deposit accounts, mortgage loans, small business financing, and wealth management solutions. It primarily operates across New York, Florida, and several other U.S. states, serving individual consumers and small business client segments.

MWG vs TRST — Head-to-Head

Bigger by revenue
TRST
TRST
1.6× larger
TRST
$49.5M
$31.1M
MWG
Higher net margin
TRST
TRST
42.1% more per $
TRST
32.9%
-9.2%
MWG

Income Statement — Q4 FY2024 vs Q1 FY2026

Metric
MWG
MWG
TRST
TRST
Revenue
$31.1M
$49.5M
Net Profit
$-2.9M
$16.3M
Gross Margin
31.3%
Operating Margin
-6.2%
Net Margin
-9.2%
32.9%
Revenue YoY
Net Profit YoY
14.1%
EPS (diluted)
$-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
MWG
MWG
TRST
TRST
Q1 26
$49.5M
Q4 25
$48.2M
Q3 25
$47.8M
Q2 25
$46.6M
Q1 25
$45.3M
Q4 24
$31.1M
$43.3M
Q3 24
$43.6M
Q2 24
$43.4M
Net Profit
MWG
MWG
TRST
TRST
Q1 26
$16.3M
Q4 25
$15.6M
Q3 25
$16.3M
Q2 25
$15.0M
Q1 25
$14.3M
Q4 24
$-2.9M
$11.3M
Q3 24
$12.9M
Q2 24
$12.6M
Gross Margin
MWG
MWG
TRST
TRST
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
31.3%
Q3 24
Q2 24
Operating Margin
MWG
MWG
TRST
TRST
Q1 26
Q4 25
43.7%
Q3 25
44.6%
Q2 25
42.3%
Q1 25
41.3%
Q4 24
-6.2%
34.0%
Q3 24
38.8%
Q2 24
37.9%
Net Margin
MWG
MWG
TRST
TRST
Q1 26
32.9%
Q4 25
32.3%
Q3 25
34.0%
Q2 25
32.3%
Q1 25
31.5%
Q4 24
-9.2%
26.0%
Q3 24
29.5%
Q2 24
28.9%
EPS (diluted)
MWG
MWG
TRST
TRST
Q1 26
Q4 25
$0.85
Q3 25
$0.86
Q2 25
$0.79
Q1 25
$0.75
Q4 24
$-0.09
$0.59
Q3 24
$0.68
Q2 24
$0.66

Balance Sheet & Financial Strength

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

Metric
MWG
MWG
TRST
TRST
Cash + ST InvestmentsLiquidity on hand
$3.3M
Total DebtLower is stronger
$112.9M
Stockholders' EquityBook value
$20.1M
$670.9M
Total Assets
$69.6M
$6.5B
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MWG
MWG
TRST
TRST
Q1 26
Q4 25
$730.4M
Q3 25
$695.6M
Q2 25
$713.6M
Q1 25
$756.1M
Q4 24
$3.3M
$641.8M
Q3 24
$523.0M
Q2 24
$536.1M
Total Debt
MWG
MWG
TRST
TRST
Q1 26
$112.9M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
MWG
MWG
TRST
TRST
Q1 26
$670.9M
Q4 25
$686.6M
Q3 25
$692.0M
Q2 25
$692.8M
Q1 25
$687.8M
Q4 24
$20.1M
$676.3M
Q3 24
$669.0M
Q2 24
$655.2M
Total Assets
MWG
MWG
TRST
TRST
Q1 26
$6.5B
Q4 25
$6.4B
Q3 25
$6.3B
Q2 25
$6.3B
Q1 25
$6.3B
Q4 24
$69.6M
$6.2B
Q3 24
$6.1B
Q2 24
$6.1B
Debt / Equity
MWG
MWG
TRST
TRST
Q1 26
0.17×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

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
TRST
TRST
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
TRST
TRST
Q1 26
Q4 25
$57.6M
Q3 25
$12.8M
Q2 25
$27.1M
Q1 25
$1.3M
Q4 24
$-12.9M
$59.4M
Q3 24
$16.5M
Q2 24
$18.7M
Free Cash Flow
MWG
MWG
TRST
TRST
Q1 26
Q4 25
$45.7M
Q3 25
$10.0M
Q2 25
$24.9M
Q1 25
$-3.3M
Q4 24
$-13.5M
$54.6M
Q3 24
$15.6M
Q2 24
$17.6M
FCF Margin
MWG
MWG
TRST
TRST
Q1 26
Q4 25
95.0%
Q3 25
20.9%
Q2 25
53.5%
Q1 25
-7.2%
Q4 24
-43.5%
126.0%
Q3 24
35.7%
Q2 24
40.5%
Capex Intensity
MWG
MWG
TRST
TRST
Q1 26
Q4 25
24.6%
Q3 25
5.9%
Q2 25
4.5%
Q1 25
10.0%
Q4 24
1.9%
11.3%
Q3 24
2.1%
Q2 24
2.6%
Cash Conversion
MWG
MWG
TRST
TRST
Q1 26
Q4 25
3.70×
Q3 25
0.79×
Q2 25
1.80×
Q1 25
0.09×
Q4 24
5.27×
Q3 24
1.28×
Q2 24
1.49×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MWG
MWG

Segment breakdown not available.

TRST
TRST

Net Interest Income$44.7M90%
Noninterest Income$4.8M10%

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