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Side-by-side financial comparison of Multi Ways Holdings Ltd (MWG) and X4 Pharmaceuticals, Inc (XFOR). 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 $28.8M, roughly 1.1× X4 Pharmaceuticals, Inc). X4 Pharmaceuticals, Inc runs the higher net margin — 1.0% vs -9.2%, a 10.2% 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.

X4 Pharmaceuticals, Inc. is a clinical-stage biotechnology company focused on developing novel targeted therapies for rare immunological diseases and oncology indications with high unmet medical needs. It operates primarily across the U.S. and European markets, with a lead pipeline candidate for WHIM syndrome and multiple other preclinical and clinical assets for immune disorders and cancer.

MWG vs XFOR — Head-to-Head

Bigger by revenue
MWG
MWG
1.1× larger
MWG
$31.1M
$28.8M
XFOR
Higher net margin
XFOR
XFOR
10.2% more per $
XFOR
1.0%
-9.2%
MWG

Income Statement — Q4 FY2024 vs Q1 FY2025

Metric
MWG
MWG
XFOR
XFOR
Revenue
$31.1M
$28.8M
Net Profit
$-2.9M
$282.0K
Gross Margin
31.3%
83.6%
Operating Margin
-6.2%
-32.8%
Net Margin
-9.2%
1.0%
Revenue YoY
Net Profit YoY
100.5%
EPS (diluted)
$-0.09
$0.04

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
XFOR
XFOR
Q1 25
$28.8M
Q4 24
$31.1M
Q1 24
$0
Q3 23
$0
Q2 23
$0
Net Profit
MWG
MWG
XFOR
XFOR
Q1 25
$282.0K
Q4 24
$-2.9M
Q1 24
$-51.8M
Q3 23
$-2.3M
Q2 23
$-55.7M
Gross Margin
MWG
MWG
XFOR
XFOR
Q1 25
83.6%
Q4 24
31.3%
Q1 24
Q3 23
Q2 23
Operating Margin
MWG
MWG
XFOR
XFOR
Q1 25
-32.8%
Q4 24
-6.2%
Q1 24
Q3 23
Q2 23
Net Margin
MWG
MWG
XFOR
XFOR
Q1 25
1.0%
Q4 24
-9.2%
Q1 24
Q3 23
Q2 23
EPS (diluted)
MWG
MWG
XFOR
XFOR
Q1 25
$0.04
Q4 24
$-0.09
Q1 24
$-7.77
Q3 23
$-0.01
Q2 23
$-0.33

Balance Sheet & Financial Strength

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

Metric
MWG
MWG
XFOR
XFOR
Cash + ST InvestmentsLiquidity on hand
$3.3M
$40.3M
Total DebtLower is stronger
$75.0M
Stockholders' EquityBook value
$20.1M
$22.9M
Total Assets
$69.6M
$130.0M
Debt / EquityLower = less leverage
3.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MWG
MWG
XFOR
XFOR
Q1 25
$40.3M
Q4 24
$3.3M
Q1 24
$60.5M
Q3 23
$131.6M
Q2 23
$136.4M
Total Debt
MWG
MWG
XFOR
XFOR
Q1 25
$75.0M
Q4 24
Q1 24
$55.0M
Q3 23
$55.0M
Q2 23
$32.5M
Stockholders' Equity
MWG
MWG
XFOR
XFOR
Q1 25
$22.9M
Q4 24
$20.1M
Q1 24
$1.0M
Q3 23
$67.6M
Q2 23
$67.5M
Total Assets
MWG
MWG
XFOR
XFOR
Q1 25
$130.0M
Q4 24
$69.6M
Q1 24
$112.2M
Q3 23
$173.3M
Q2 23
$173.4M
Debt / Equity
MWG
MWG
XFOR
XFOR
Q1 25
3.27×
Q4 24
Q1 24
53.09×
Q3 23
0.81×
Q2 23
0.48×

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
XFOR
XFOR
Operating Cash FlowLast quarter
$-12.9M
$-12.4M
Free Cash FlowOCF − Capex
$-13.5M
FCF MarginFCF / Revenue
-43.5%
Capex IntensityCapex / Revenue
1.9%
0.0%
Cash ConversionOCF / Net Profit
-43.86×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MWG
MWG
XFOR
XFOR
Q1 25
$-12.4M
Q4 24
$-12.9M
Q1 24
$-33.6M
Q3 23
$-68.8M
Q2 23
$-47.9M
Free Cash Flow
MWG
MWG
XFOR
XFOR
Q1 25
Q4 24
$-13.5M
Q1 24
$-33.7M
Q3 23
$-68.8M
Q2 23
$-47.9M
FCF Margin
MWG
MWG
XFOR
XFOR
Q1 25
Q4 24
-43.5%
Q1 24
Q3 23
Q2 23
Capex Intensity
MWG
MWG
XFOR
XFOR
Q1 25
0.0%
Q4 24
1.9%
Q1 24
Q3 23
Q2 23
Cash Conversion
MWG
MWG
XFOR
XFOR
Q1 25
-43.86×
Q4 24
Q1 24
Q3 23
Q2 23

Financial Flow Comparison

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

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