Multi Ways Holdings (MWG) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 29, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed May 8, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MWG SEC filings page.
Multi Ways Holdings Limited (MWG) reported $44.8M in revenue for fiscal year 2025, up 44.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
FY2025 growth restored cash generation, but higher selling costs and interest left the business only marginally profitable.
The FY2025 rebound is more cash-generative than earnings-generative: operating cash flow reached$6.4M while net income remained a net loss of$433K . Operating income of$772K was still below interest expense of$1.7M , explaining why positive operations did not produce bottom-line profit.
Revenue was
Liabilities fell from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Multi Ways Holdings Limited's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Multi Ways Holdings Limited has an operating margin of 1.7%, meaning the company retains $2 of operating profit per $100 of revenue. Among its peers this margin ranks in the lower range, for a profitability score of 19/100. This is up from -6.2% the prior year.
Multi Ways Holdings Limited's revenue surged 44.1% year-over-year to $44.8M, reflecting rapid business expansion. This strong growth earns a score of 68/100.
Multi Ways Holdings Limited's current ratio of 1.57 indicates adequate short-term liquidity, earning a score of 45/100. The company can meet its near-term obligations, though with limited headroom.
Multi Ways Holdings Limited's free cash flow margin of 13.7% results in a low score of 15/100. Capital expenditures of $202K absorb a large share of operating cash flow.
Multi Ways Holdings Limited posts a -1.9% return on equity (ROE), meaning it loses $2 for every $100 of shareholders' equity. This results in a returns score of 19/100. This is up from -14.2% the prior year.
Multi Ways Holdings Limited scores 1.28, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $263K against total assets of $61.9M. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Multi Ways Holdings Limited passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.
Multi Ways Holdings Limited reported a net loss of $433K while generating $6.4M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Multi Ways Holdings Limited earns $0.46 in operating income for every $1 of interest expense ($772K vs $1.7M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Multi Ways Holdings Limited generated $44.8M in revenue in fiscal year 2025. This represents an increase of 44.1% from the prior year.
Multi Ways Holdings Limited's EBITDA was $1.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. The change from the prior year is not meaningful, because that figure was zero or negative.
Multi Ways Holdings Limited reported a net loss of $433K in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
Multi Ways Holdings Limited earned -$0.11 per diluted share (EPS) in fiscal year 2025. The change from the prior year is not meaningful, because that figure was zero or negative.
Cash & Balance Sheet
Multi Ways Holdings Limited generated $6.2M in free cash flow in fiscal year 2025, representing cash available after capex. The change from the prior year is not meaningful, because that figure was zero or negative.
Multi Ways Holdings Limited held $1.9M in cash as of fiscal year 2025; no long-term debt figure is on record for that period.
Not reported for fiscal year 2025.
Margins & Returns
Multi Ways Holdings Limited's gross margin was 24.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 6.5 percentage points from the prior year.
Multi Ways Holdings Limited's operating margin was 1.7% in fiscal year 2025, reflecting core business profitability. This is up 8.0 percentage points from the prior year.
Multi Ways Holdings Limited's net profit margin was -1.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 8.2 percentage points from the prior year.
Multi Ways Holdings Limited's ROE was -1.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 12.3 percentage points from the prior year.
Capital Allocation
Multi Ways Holdings Limited invested $202K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 66.2% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
MWG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F |
|---|---|---|---|---|---|---|
| Revenue | $44.8M+44.1% | $31.1M-13.7% | $36.0M-6.1% | $38.4M+14.8% | $33.4M+11.8% | $29.9M |
| Cost of Revenue | $33.7M+57.8% | $21.4M-22.0% | $27.4M-4.4% | $28.6M+19.0% | $24.0M+4.4% | $23.0M |
| Gross Profit | $11.1M+14.1% | $9.7M+12.3% | $8.7M-11.2% | $9.7M+4.1% | $9.4M+36.8% | $6.8M |
| SG&A Expenses | $10.3M-1.4% | $10.5M-10.9% | $11.7M+42.2% | $8.2M+6.8% | $7.7M+3.7% | $7.4M |
| Operating Income | $772Kn/m | -$1.9Mn/m | -$3.1M-305.9% | $1.5M-8.5% | $1.6Mn/m | -$605K |
| EBITDA | $1.2Mn/m | -$1.5Mn/m | -$2.2M-194.6% | $2.3M-6.6% | $2.5M+361.7% | $532K |
| Interest Expense | $1.7M+12.3% | $1.5M+36.2% | $1.1M+47.7% | $748K+4.5% | $716K-16.6% | $858K |
| Income Tax | N/A | -$310Kn/m | -$53K-110.0% | $529K+130.0% | $230K+7566.7% | $3K |
| Net Income | -$433Kn/m | -$2.9M-259.5% | $1.8M+82.9% | $978K-45.7% | $1.8M+36.5% | $1.3M |
| EPS (Basic) | -$0.11n/m | -$0.90-252.5% | $0.59 | $0.04-42.9% | $0.07+40.0% | $0.05 |
| EPS (Diluted) | -$0.11n/m | -$0.90-252.5% | $0.59 | $0.04-42.9% | $0.07 | N/A |
| Diluted Shares (Avg) | 4M+20.8% | 3M+8.5% | 3M | 25M0.0% | 25M | N/A |
Not reported in any period shown, so not listed: R&D Expenses.
MWG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F |
|---|---|---|---|---|---|---|
| Total Assets | $61.9M-11.0% | $69.6M+20.0% | $58.0M+9.9% | $52.8M-3.3% | $54.6M | N/A |
| Current Assets | $57.0M-12.3% | $65.0M+24.1% | $52.4M+18.9% | $44.1M-2.3% | $45.1M | N/A |
| Cash & Equivalents | $1.9M-41.9% | $3.3M-53.9% | $7.1M+605.2% | $1.0M-34.6% | $1.5M | N/A |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0 | N/A |
| Inventory | $42.4M-6.0% | $45.1M+22.9% | $36.7M+16.7% | $31.4M-4.4% | $32.9M | N/A |
| Accounts Receivable | $7.0M+13.5% | $6.2M+15.7% | $5.3M-33.4% | $8.0M+40.9% | $5.7M | N/A |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0 | N/A |
| Total Liabilities | $39.3M-20.6% | $49.5M+36.8% | $36.2M-22.2% | $46.5M-5.6% | $49.3M | N/A |
| Current Liabilities | $36.3M-19.0% | $44.8M+42.3% | $31.5M-23.6% | $41.2M+1.3% | $40.7M | N/A |
| Non-Current Liabilities | $3.0M-36.3% | $4.7M-0.2% | $4.7M-11.2% | $5.3M-38.4% | $8.6M | N/A |
| Total Equity | $22.7M+12.8% | $20.1M-8.0% | $21.8M+248.6% | $6.3M+16.9% | $5.4M-66.0% | $15.7M |
| Retained Earnings | -$263K-254.7% | $170K-94.4% | $3.0M+144.9% | $1.2M+380.5% | $257K | N/A |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
MWG Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $6.4Mn/m | -$12.9M-23572.7% | $55K-94.0% | $910K-83.8% | $5.6M+240.0% | $1.7M |
| Depreciation & Amortization | $420K+5.8% | $397K-56.2% | $907K+13.4% | $800K-2.7% | $822K-27.7% | $1.1M |
| Stock-Based Compensation | N/A | $1.2M-97.8% | $55.5M0.0% | $55.5M | N/A | N/A |
| Capital Expenditures | $202K-66.2% | $598K-69.4% | $2.0M+139.3% | $817K | N/A | $637K |
| Free Cash Flow | $6.2Mn/m | -$13.5Mn/m | -$1.9M-2143.0% | $93K | N/A | $1.0M |
| Investing Cash Flow | -$235K-1003.8% | $26K-99.6% | $6.8Mn/m | -$1.1M-432.4% | $343Kn/m | -$565K |
| Financing Cash Flow | -$7.3M-179.2% | $9.2Mn/m | -$875Kn/m | -$296Kn/m | -$4.8Mn/m | -$899K |
| Dividends Paid | N/A | N/A | $10.5M+13567.5% | $77K-99.3% | $11.8M | N/A |
Not reported in any period shown, so not listed: Share Buybacks.
MWG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY2520-F | FY2420-F | FY2320-F | FY2220-F | FY2120-F | FY2020-F |
|---|---|---|---|---|---|---|
| Gross Margin | 24.8%-6.5pp | 31.3%+7.2pp | 24.0%-1.4pp | 25.4%-2.6pp | 28.0%+5.1pp | 22.9% |
| Operating Margin | 1.7%+8.0pp | -6.2%+2.3pp | -8.6%-12.4pp | 3.9%-1.0pp | 4.9%+6.9pp | -2.0% |
| Net Margin | -1.0%+8.2pp | -9.2%-14.2pp | 5.0%+2.4pp | 2.5%-2.8pp | 5.4%+1.0pp | 4.4% |
| Return on Equity | -1.9%+12.3pp | -14.2%-22.4pp | 8.2%-7.4pp | 15.6%-18.0pp | 33.6%+25.2pp | 8.4% |
| Return on Assets | -0.7%+3.4pp | -4.1%-7.2pp | 3.1%+1.2pp | 1.8%-1.5pp | 3.3% | N/A |
| Current Ratio | 1.57+0.1x | 1.45-0.2x | 1.66+0.6x | 1.070.0x | 1.11 | N/A |
| Liabilities-to-Equity | 1.73-0.7x | 2.46+0.8x | 1.66-5.8x | 7.42-1.8x | 9.19 | N/A |
| Asset Turnover | 0.72+0.3x | 0.45-0.2x | 0.62-0.1x | 0.73+0.1x | 0.61 | N/A |
| FCF Margin | 13.7%+57.2pp | -43.5%-38.2pp | -5.3%-5.5pp | 0.2% | N/A | 3.4% |
Not reported in any period shown, so not listed: Debt-to-Equity.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Multi Ways Holdings Limited MWG | FY2025 | $44.8M | -$433K | -1.0% | $7.7M | 33/100 |
| Alta Equipment Group Inc. ALTG | FY2025 | $1.8B | -$80.3M | -4.4% | $241.1M | 33/100 |
| Galaxy Payroll Group Limited GLXG | FY2026 | $3.7M | -$1.4M | -36.9% | $5.1M | 27/100 |
Where Multi Ways Holdings Limited Ranks
Frequently Asked Questions
What is Multi Ways Holdings Limited's annual revenue?
Multi Ways Holdings Limited (MWG) reported $44.8M in total revenue for fiscal year 2025. This represents a 44.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Multi Ways Holdings Limited's revenue growing?
Multi Ways Holdings Limited (MWG) revenue grew by 44.1% year-over-year, from $31.1M to $44.8M in fiscal year 2025.
Is Multi Ways Holdings Limited profitable?
No, Multi Ways Holdings Limited (MWG) reported a net loss of $433K in fiscal year 2025, with a net profit margin of -1.0%.
What is Multi Ways Holdings Limited's EBITDA?
Multi Ways Holdings Limited (MWG) had EBITDA of $1.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Multi Ways Holdings Limited's gross margin?
Multi Ways Holdings Limited (MWG) had a gross margin of 24.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Multi Ways Holdings Limited's operating margin?
Multi Ways Holdings Limited (MWG) had an operating margin of 1.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Multi Ways Holdings Limited's net profit margin?
Multi Ways Holdings Limited (MWG) had a net profit margin of -1.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Multi Ways Holdings Limited's return on equity (ROE)?
Multi Ways Holdings Limited (MWG) has a return on equity of -1.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Multi Ways Holdings Limited's free cash flow?
Multi Ways Holdings Limited (MWG) generated $6.2M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Multi Ways Holdings Limited's operating cash flow?
Multi Ways Holdings Limited (MWG) generated $6.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Multi Ways Holdings Limited's total assets?
Multi Ways Holdings Limited (MWG) had $61.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Multi Ways Holdings Limited's capital expenditures?
Multi Ways Holdings Limited (MWG) invested $202K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Multi Ways Holdings Limited's current ratio?
Multi Ways Holdings Limited (MWG) had a current ratio of 1.57 as of fiscal year 2025, which is generally considered healthy.
What is Multi Ways Holdings Limited's liabilities-to-equity ratio?
Multi Ways Holdings Limited (MWG) had a liabilities-to-equity ratio of 1.73 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
What is Multi Ways Holdings Limited's return on assets (ROA)?
Multi Ways Holdings Limited (MWG) had a return on assets of -0.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Multi Ways Holdings Limited's P/E ratio?
Multi Ways Holdings Limited (MWG) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $7.7M as of Oct 29, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Multi Ways Holdings Limited's price-to-sales ratio?
Multi Ways Holdings Limited (MWG) trades at 0.2x sales, its market capitalization divided by $44.8M revenue, FY2025. The market capitalization is $7.7M as of Oct 29, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Multi Ways Holdings Limited's Altman Z-Score?
Multi Ways Holdings Limited (MWG) has an Altman Z-Score of 1.28, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Multi Ways Holdings Limited's Piotroski F-Score?
Multi Ways Holdings Limited (MWG) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Multi Ways Holdings Limited's earnings high quality?
Multi Ways Holdings Limited (MWG) reported a net loss of $433K while generating $6.4M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Multi Ways Holdings Limited cover its interest payments?
Multi Ways Holdings Limited (MWG) has an interest coverage ratio of 0.46x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Multi Ways Holdings Limited?
Multi Ways Holdings Limited (MWG) scores 33 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.