Ming Shing Group Holdings Limited (MSW) Revenue History
Annual and quarterly revenue from 2021 to present
MSW Revenue Over Time (2021–2025)
MSW Revenue Growth History
4 of 4 years with positive growth- FY2021 revenue growth
- N/A
- FY2022 revenue growth
- +133.7%
- FY2023 revenue growth
- +52.0%
- FY2024 revenue growth
- +26.1%
- FY2025 revenue growth
- +22.8%
Revenue Breakdown (FY 2025)
MSW's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
MSW Revenue Analysis (2021–2025)
Current Revenue & Growth
As of June 29, 2026, Ming Shing Group Holdings Limited (MSW) generated trailing twelve-month (TTM) revenue of $0.
Historical Growth Trajectory
MSW's historical revenue data shows a 3-year CAGR of +33.0%. Ming Shing Group Holdings Limited's highest annual revenue of $33.9 million was recorded in 2025, an all-time high.
Revenue by Segment
MSW's revenue is primarily driven by Private (67%), and Public (33%). With over half of revenue concentrated in Private, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Industrials sector peers — including CLPS (+1.6% YoY), CNEY (-11.8% YoY), and CANG (+232.3% 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 | +1.6% | +13.0% | -4.0% | |
 CNEY | $36M | -11.8% | +23.3% | -30.9% | |
 CANG | $4.8B | +232.3% | +18.6% | -0.4% | |
 BTBT | $114M | - | - | -49.8% | |
 CODA | $27M | +22.8% | +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% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
5+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
MSW — 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 revenue history from 2021 to 2026?
Ming Shing Group Holdings Limited (MSW) revenue history spans 2021 to 2026. TTM revenue as of 2026 is $0.00, growing at N/A YoY. The 5-year CAGR is N/A. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is MSW's long-term revenue growth rate (CAGR)?
Ming Shing Group Holdings Limited's 5-year revenue CAGR of N/A reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of N/A is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for MSW.
Why does MSW's quarterly revenue fluctuate?
MSW quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Ming Shing Group Holdings Limited's revenue data from 2021 to 2026 shows full historical quarterly detail on this page.
How is MSW's revenue distributed by segment?
MSW reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does MSW's revenue compare to industry peers?
Ming Shing Group Holdings Limited (MSW) with TTM revenue of $0.00 and N/A YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.