5 years of revenue, profit, cash flow and balance-sheet history through FY2026,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 0.4% per year over the past 4 years.
Operating margin has contracted, at -37.4% in the latest year.
Free cash flow has grown 68.0% per year over the past 4 years.
Financial health
Total debt ($9M) exceeds cash ($2M); net debt is $8M.
Total debt has grown in line with revenue (1.2% vs 0.4% per year).
Operating income covered interest expense -15.8× in the latest year, down from 28× 4 years ago.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2026
$15M
-$6M
-18.4%
-37.4%
120.6%
-98.1%
—
$9M
$2M
2025
$34M
-$6M
-3.9%
-15.8%
-582.4%
-42.7%
—
$12M
$249923
2024
$28M
$2M
18.5%
11.8%
233.1%
19.6%
$1M
$11M
$1M
2023
$22M
$3M
16.0%
12.1%
727.9%
33.7%
$779944
$9M
$323958
2022
$14M
$2M
18.3%
14.7%
1128.9%
—
—
—
—
Valuation over time
How the market has priced PMA 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.
The price-to-earnings ratio has fallen from 34.1× (Nov '24) to 28.1× (Feb '25).
The price-to-sales ratio has fallen from 2.9× (Nov '24) to 1.2× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is PMA growing its revenue and profit?
Over the past 4 years, Ming Shing Group Holdings Ltd's revenue has grown 0.4% per year. These are computed facts, not advice.
How much debt does PMA have?
As of FY2026, Ming Shing Group Holdings Ltd reported $9M of total debt against $2M of cash; operating income covered interest expense -15.8×.
What is PMA's profit margin?
In FY2026, gross margin was -18.4%, operating margin -37.4%, and net margin -39.4%.
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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.