vs

Side-by-side financial comparison of Multi Ways Holdings Ltd (MWG) and USCB FINANCIAL HOLDINGS, INC. (USCB). 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 $22.2M, roughly 1.4× USCB FINANCIAL HOLDINGS, INC.). USCB FINANCIAL HOLDINGS, INC. runs the higher net margin — 6.1% vs -9.2%, a 15.3% gap on every dollar of revenue. USCB FINANCIAL HOLDINGS, INC. produced more free cash flow last quarter ($42.5M vs $-13.5M).

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.

USCB Financial Holdings, Inc. is a U.S.-headquartered bank holding company that offers comprehensive retail and commercial banking services, including deposit products, personal and business loans, wealth management, and digital banking tools. It primarily serves individual consumers, small and medium-sized enterprises, and local corporate clients across its operating regions in the United States, prioritizing personalized customer experiences and community-oriented financial services.

MWG vs USCB — Head-to-Head

Bigger by revenue
MWG
MWG
1.4× larger
MWG
$31.1M
$22.2M
USCB
Higher net margin
USCB
USCB
15.3% more per $
USCB
6.1%
-9.2%
MWG
More free cash flow
USCB
USCB
$56.0M more FCF
USCB
$42.5M
$-13.5M
MWG

Income Statement — Q4 FY2024 vs Q4 FY2025

Metric
MWG
MWG
USCB
USCB
Revenue
$31.1M
$22.2M
Net Profit
$-2.9M
$1.4M
Gross Margin
31.3%
Operating Margin
-6.2%
14.7%
Net Margin
-9.2%
6.1%
Revenue YoY
14.7%
Net Profit YoY
-80.3%
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
USCB
USCB
Q4 25
$22.2M
Q3 25
$25.0M
Q2 25
$24.4M
Q1 25
$22.8M
Q4 24
$31.1M
$23.0M
Q3 24
$21.5M
Q2 24
$20.5M
Q1 24
$17.6M
Net Profit
MWG
MWG
USCB
USCB
Q4 25
$1.4M
Q3 25
$8.9M
Q2 25
$8.1M
Q1 25
$7.7M
Q4 24
$-2.9M
$6.9M
Q3 24
$6.9M
Q2 24
$6.2M
Q1 24
$4.6M
Gross Margin
MWG
MWG
USCB
USCB
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
31.3%
Q3 24
Q2 24
Q1 24
Operating Margin
MWG
MWG
USCB
USCB
Q4 25
14.7%
Q3 25
47.3%
Q2 25
44.0%
Q1 25
44.2%
Q4 24
-6.2%
39.6%
Q3 24
42.5%
Q2 24
39.8%
Q1 24
34.3%
Net Margin
MWG
MWG
USCB
USCB
Q4 25
6.1%
Q3 25
35.8%
Q2 25
33.4%
Q1 25
33.5%
Q4 24
-9.2%
30.0%
Q3 24
32.3%
Q2 24
30.3%
Q1 24
26.2%
EPS (diluted)
MWG
MWG
USCB
USCB
Q4 25
Q3 25
$0.45
Q2 25
Q1 25
Q4 24
$-0.09
Q3 24
$0.35
Q2 24
Q1 24

Balance Sheet & Financial Strength

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

Metric
MWG
MWG
USCB
USCB
Cash + ST InvestmentsLiquidity on hand
$3.3M
$38.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$20.1M
$217.2M
Total Assets
$69.6M
$2.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MWG
MWG
USCB
USCB
Q4 25
$38.5M
Q3 25
$56.8M
Q2 25
$54.8M
Q1 25
$98.0M
Q4 24
$3.3M
$77.0M
Q3 24
$38.5M
Q2 24
$77.3M
Q1 24
$126.5M
Stockholders' Equity
MWG
MWG
USCB
USCB
Q4 25
$217.2M
Q3 25
$209.1M
Q2 25
$231.6M
Q1 25
$225.1M
Q4 24
$20.1M
$215.4M
Q3 24
$213.9M
Q2 24
$201.0M
Q1 24
$195.0M
Total Assets
MWG
MWG
USCB
USCB
Q4 25
$2.8B
Q3 25
$2.8B
Q2 25
$2.7B
Q1 25
$2.7B
Q4 24
$69.6M
$2.6B
Q3 24
$2.5B
Q2 24
$2.5B
Q1 24
$2.5B

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
USCB
USCB
Operating Cash FlowLast quarter
$-12.9M
$42.8M
Free Cash FlowOCF − Capex
$-13.5M
$42.5M
FCF MarginFCF / Revenue
-43.5%
191.4%
Capex IntensityCapex / Revenue
1.9%
1.4%
Cash ConversionOCF / Net Profit
31.40×
TTM Free Cash FlowTrailing 4 quarters
$95.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MWG
MWG
USCB
USCB
Q4 25
$42.8M
Q3 25
$20.1M
Q2 25
$18.0M
Q1 25
$14.6M
Q4 24
$-12.9M
$34.8M
Q3 24
$11.3M
Q2 24
$18.3M
Q1 24
$8.1M
Free Cash Flow
MWG
MWG
USCB
USCB
Q4 25
$42.5M
Q3 25
$20.0M
Q2 25
$18.0M
Q1 25
$14.6M
Q4 24
$-13.5M
$34.5M
Q3 24
$11.2M
Q2 24
$18.2M
Q1 24
$8.0M
FCF Margin
MWG
MWG
USCB
USCB
Q4 25
191.4%
Q3 25
80.3%
Q2 25
73.7%
Q1 25
63.9%
Q4 24
-43.5%
150.2%
Q3 24
52.2%
Q2 24
88.8%
Q1 24
45.4%
Capex Intensity
MWG
MWG
USCB
USCB
Q4 25
1.4%
Q3 25
0.5%
Q2 25
0.2%
Q1 25
0.2%
Q4 24
1.9%
1.4%
Q3 24
0.4%
Q2 24
0.4%
Q1 24
0.5%
Cash Conversion
MWG
MWG
USCB
USCB
Q4 25
31.40×
Q3 25
2.25×
Q2 25
2.22×
Q1 25
1.91×
Q4 24
5.05×
Q3 24
1.63×
Q2 24
2.95×
Q1 24
1.75×

Financial Flow Comparison

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

Related Comparisons