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MHNC Financials Maiden Holdings, Ltd.

15 years of revenue, profit, cash flow and balance-sheet history through FY2024, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has declined 37.2% per year over the past 5 years.
  • Free cash flow has grown 46.4% per year over the past 5 years.

Financial health

  • Total debt ($255M) exceeds cash ($26M); net debt is $229M.
  • Total debt has grown faster than revenue (-0.0% vs -37.2% per year).
Revenue & net income
-$545M $1B $3B $0 2010 2012 2014 2016 2018 2020 2022 2024
RevenueNet income
Margins (gross / operating / net)
-356% -165% 27% 0% 2010 2012 2014 2016 2018 2020 2022 2024
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $159M $319M 2010 2012 2014 2016 2018 2020 2022 2024
Free cash flow
Cash vs total debt
$0 $176M $351M 2010 2012 2014 2016 2018 2020 2022 2024
CashTotal debt
Cash flow: operating / investing / financing
-$1B -$115M $913M $0 2010 2012 2014 2016 2018 2020 2022 2024
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2024 $56M -$201M 0.0% 0.0% $255M $26M
2023 $89M -$39M 0.0% 0.0% $255M $35M
2022 $58M -$60M 0.0% 0.0% $256M $31M
2021 $99M $27M 0.0% 0.0% $255M $27M
2020 $184M $42M 0.0% 0.0% $255M $74M
2019 $576M -$132M 0.0% 0.0% $255M $48M
2018 $2.2B -$545M 0.0% 0.0% $255M $201M
2017 $2.1B -$170M 0.0% 0.0% $254M $54M
2016 $2.1B $49M 0.0% 0.0% $351M $41M
2015 $2.6B $124M 0.0% 0.0% $350M $90M
2014 $2.4B $101M 0.0% 0.0% $108M
2013 $2.1B $103M 0.0% 0.0% $140M
2012 $1.9B $50M 0.0% 0.0% $319M $82M
2011 $1.6B $29M 0.0% 0.0% $180M $188M
2010 $1.2B $70M 0.0% 0.0% $149M $96M

Valuation over time

How the market has priced MHNC against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / sales (P/S)
0.0 16.7 33.3 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is MHNC growing its revenue and profit?

Over the past 5 years, Maiden Holdings, Ltd.'s revenue has declined 37.2% per year. These are computed facts, not advice.

How much debt does MHNC have?

As of FY2024, Maiden Holdings, Ltd. reported $255M of total debt against $26M of cash.

What is MHNC's profit margin?

In FY2024, gross margin was —, operating margin —, and net margin -356.1%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.