Ming Shing Group Holdings Limited (MSW) Revenue History
Annual and quarterly revenue from 2021 to 2025
Compound Annual Growth Rate (CAGR)
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MSW Revenue Growth
Revenue Breakdown (FY 2025)
MSW's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
MSW Revenue Analysis (2021–2025)
As of May 8, 2026, Ming Shing Group Holdings Limited (MSW) generated trailing twelve-month (TTM) revenue of $0.
Looking at the longer-term picture, MSW's historical revenue data shows a 3-year CAGR of +33.0%. The company achieved its highest annual revenue of $33.9 million in 2025, representing a new all-time high.
Revenue diversification analysis shows MSW's business is primarily driven by Private (67%), and Public (33%). With over half of revenue concentrated in Private, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including CLPS (+0.9% YoY), CNEY (-11.8% YoY), and CANG (+1197.2% YoY). Compare MSW vs CLPS →
MSW Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MSWCurrent | $0 | - | - | -15.8% | |
 CLPS | $164M | +0.9% | +13.0% | -4.0% | |
 CNEY | $36M | -11.8% | +23.3% | -30.9% | |
 CANG | $804M | +1197.2% | -11.0% | 22.2% | |
 BTBT | $164M | - | - | 16.8% | |
 CODA | $27M | +33.2% | +5.8% | 17.1% |
MSW Historical Revenue Data (2021–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $33.9M | +22.8% | $-1,306,109 | -3.9% | $-5,354,835 | -15.8% |
| 2024 | $27.6M | +26.1% | $5.1M | 18.5% | $3.2M | 11.8% |
| 2023 | $21.9M | +52.0% | $3.5M | 16.0% | $2.6M | 12.1% |
| 2022 | $14.4M | +133.7% | $2.6M | 18.3% | $2.1M | 14.7% |
| 2021 | $6.2M | - | $1.1M | 18.2% | $762K | 12.4% |
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Start ComparisonMSW — Frequently Asked Questions
Quick answers to the most common questions about buying MSW stock.
Is MSW's revenue growth accelerating or slowing?
MSW TTM revenue: $0.00. YoY growth: N/A. 5-year CAGR: N/A.
What is MSW's long-term revenue growth rate?
Ming Shing Group Holdings Limited's 5-year revenue CAGR of N/A reflects the variable expansion pattern. Current YoY growth of N/A is near this long-term average.
How is MSW's revenue distributed by segment?
MSW reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2021-2025 are available for download. Segment mix reveals concentration and diversification trends.