4 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $34M | -$6M | -3.9% | -15.8% | — | $12M | $249923 |
| 2024 | $28M | $2M | 18.5% | 11.8% | $1M | $11M | $1M |
| 2023 | $22M | $3M | 16.0% | 12.1% | $779944 | $9M | $323958 |
| 2022 | $14M | $2M | 18.3% | 14.7% | — | — | — |
How the market has priced MSW against its own fundamentals since 2024-11 — 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.
Over the past 3 years, Ming Shing Group Holdings Ltd's revenue has grown 33.0% per year. These are computed facts, not advice.
As of FY2025, Ming Shing Group Holdings Ltd reported $12M of total debt against $249923 of cash; operating income covered interest expense -10.5×.
In FY2025, gross margin was -3.9%, operating margin -15.8%, and net margin -16.9%.
As of Jun '26, Ming Shing Group Holdings Ltd traded at a price-to-earnings ratio of about 25.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
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.