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Side-by-side financial comparison of Marwynn Holdings, Inc. (MWYN) and SES AI Corp (SES). Click either name above to swap in a different company.
SES AI Corp is the larger business by last-quarter revenue ($4.6M vs $2.3M, roughly 1.9× Marwynn Holdings, Inc.). Marwynn Holdings, Inc. runs the higher net margin — -116.0% vs -373.5%, a 257.4% gap on every dollar of revenue.
Marwynn Holdings, Inc. is a Canada-based investment holding company focused on acquiring, managing, and scaling middle-market businesses primarily across North America. Its core operating segments cover industrial products, consumer goods, and technology-enabled services, targeting sustainable long-term value creation for its stakeholders.
SES S.A. is a Luxembourgish communications satellite operator supplying video and data connectivity worldwide to broadcasters, content and internet service providers, mobile and fixed network operators, governments and institutions.
MWYN vs SES — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.3M | $4.6M |
| Net Profit | $-2.7M | $-17.0M |
| Gross Margin | 42.4% | 11.3% |
| Operating Margin | -115.8% | -387.7% |
| Net Margin | -116.0% | -373.5% |
| Revenue YoY | -13.3% | — |
| Net Profit YoY | -11713.9% | 50.7% |
| EPS (diluted) | $-0.16 | $-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.
| Q4 25 | — | $4.6M | ||
| Q3 25 | $2.3M | $7.1M | ||
| Q2 25 | — | $3.5M | ||
| Q1 25 | $623.7K | $5.8M |
| Q4 25 | — | $-17.0M | ||
| Q3 25 | $-2.7M | $-20.9M | ||
| Q2 25 | — | $-22.7M | ||
| Q1 25 | $23.4K | $-12.4M |
| Q4 25 | — | 11.3% | ||
| Q3 25 | 42.4% | 51.1% | ||
| Q2 25 | — | 73.7% | ||
| Q1 25 | 39.2% | 78.7% |
| Q4 25 | — | -387.7% | ||
| Q3 25 | -115.8% | -262.0% | ||
| Q2 25 | — | -652.3% | ||
| Q1 25 | 13.5% | -401.7% |
| Q4 25 | — | -373.5% | ||
| Q3 25 | -116.0% | -293.9% | ||
| Q2 25 | — | -642.2% | ||
| Q1 25 | 3.8% | -214.6% |
| Q4 25 | — | $-0.05 | ||
| Q3 25 | $-0.16 | $-0.06 | ||
| Q2 25 | — | $-0.07 | ||
| Q1 25 | $0.00 | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $29.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.3M | $214.8M |
| Total Assets | $11.6M | $272.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $29.5M | ||
| Q3 25 | — | $35.3M | ||
| Q2 25 | — | $11.8M | ||
| Q1 25 | $480 | $56.1M |
| Q4 25 | — | $214.8M | ||
| Q3 25 | $2.3M | $228.2M | ||
| Q2 25 | — | $249.2M | ||
| Q1 25 | $2.4M | $269.9M |
| Q4 25 | — | $272.6M | ||
| Q3 25 | $11.6M | $288.8M | ||
| Q2 25 | — | $290.5M | ||
| Q1 25 | $12.6M | $306.0M |
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 | $-95.1K | $-10.4M |
| Free Cash FlowOCF − Capex | — | $-11.1M |
| FCF MarginFCF / Revenue | — | -243.7% |
| Capex IntensityCapex / Revenue | — | 15.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-61.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-10.4M | ||
| Q3 25 | $-95.1K | $-14.3M | ||
| Q2 25 | — | $-10.8M | ||
| Q1 25 | — | $-22.8M |
| Q4 25 | — | $-11.1M | ||
| Q3 25 | — | $-14.7M | ||
| Q2 25 | — | $-11.6M | ||
| Q1 25 | — | $-23.7M |
| Q4 25 | — | -243.7% | ||
| Q3 25 | — | -206.9% | ||
| Q2 25 | — | -329.6% | ||
| Q1 25 | — | -410.0% |
| Q4 25 | — | 15.6% | ||
| Q3 25 | — | 6.0% | ||
| Q2 25 | — | 22.8% | ||
| Q1 25 | — | 15.8% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MWYN
| Other | $1.3M | 57% |
| Revenue From Recyclable Ewaste Materials Sales | $1.0M | 43% |
SES
Segment breakdown not available.
