Multi Ways Holdings Limited (MWG) Revenue History
Annual and quarterly revenue from 2020 to 2024
Compound Annual Growth Rate (CAGR)
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MWG Revenue Growth
Revenue Breakdown (FY 2024)
MWG's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
MWG Revenue Analysis (2020–2024)
As of May 8, 2026, Multi Ways Holdings Limited (MWG) generated trailing twelve-month (TTM) revenue of $67.1 million, reflecting significant decline in growth of -21.6% year-over-year. The most recent quarter (Q4 2024) recorded $17.0 million in revenue, up 20.5% sequentially.
Looking at the longer-term picture, MWG's historical revenue data shows a 3-year CAGR of -2.4%. The company achieved its highest annual revenue of $38.4 million in 2022.
Revenue diversification analysis shows MWG's business is primarily driven by Equipment Sales (69%), Rental (23%), and Services (8%). With over half of revenue concentrated in Equipment Sales, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including CODA (+33.2% YoY), ITRN (+6.8% YoY), and PERI (-11.7% YoY), MWG has underperformed the peer group in terms of revenue growth. Compare MWG vs CODA →
MWG Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MWGCurrent | $67M | -21.6% | - | -6.2% | |
 CODA | $27M | +33.2% | +5.8% | 17.1% | |
 ITRN | $359M | +6.8% | +7.9% | 21.4% | |
 PERI | $440M | -11.7% | +6.0% | -3.1% | |
 ROAD | $2.8B | +53.9% | +29.1% | 8.5% | |
 MYRG | $3.7B | +13.1% | +10.2% | 4.4% |
MWG Historical Revenue Data (2020–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $31.1M | -13.7% | $9.7M | 31.3% | $-1,938,000 | -6.2% |
| 2023 | $36.0M | -6.1% | $8.4M | 23.3% | $-3,078,000 | -8.5% |
| 2022 | $38.4M | +14.8% | $9.7M | 25.4% | $2.4M | 6.2% |
| 2021 | $33.4M | +11.8% | $9.4M | 28.0% | $1.6M | 4.9% |
| 2020 | $29.9M | - | $6.8M | 22.9% | $-605,000 | -2.0% |
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Start ComparisonMWG — Frequently Asked Questions
Quick answers to the most common questions about buying MWG stock.
Is MWG's revenue growth accelerating or slowing?
MWG revenue declined -21.6% year-over-year, contrasting with the 5-year CAGR of N/A. TTM revenue fell to $67M. This reverses the prior growth trend.
What is MWG's long-term revenue growth rate?
Multi Ways Holdings Limited's 5-year revenue CAGR of N/A reflects the variable expansion pattern. Current YoY growth of -21.6% is below this long-term average.
How is MWG's revenue distributed by segment?
MWG reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2020-2024 are available for download. Segment mix reveals concentration and diversification trends.