Ming Shing Group Holdings Limited Ordinary Shares
NASDAQ: MSW · INDUSTRIALS · ENGINEERING & CONSTRUCTION
Updated 2026-06-03
Ming Shing Group Holdings Limited Ordinary Shares (MSW) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2021 | $6.15M | $1.27M | 18.20% | 12.39% | 20.68% |
| 2022 | $14.38M | $1.80M | 18.28% | 14.71% | 12.54% |
| 2023 | $21.87M | $2.79M | 15.98% | 12.07% | 12.75% |
| 2024 | $27.57M | $2.33M | 18.47% | 11.77% | 8.44% |
| 2025 | $33.85M | $-5.73M | -3.86% | -15.82% | -16.93% |
Frequently asked questions
What is Ming Shing Group Holdings Limited Ordinary Shares's revenue?
Ming Shing Group Holdings Limited Ordinary Shares's trailing twelve-month revenue is $24.87M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is MSW?
In its most recent fiscal year, MSW ran a gross margin of -3.86%, an operating margin of -15.82%, and a net margin of -16.93%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does MSW generate?
MSW produced $-7.97M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is MSW's balance sheet healthy?
MSW holds $249923.00 in cash and equivalents against $2.87M in long-term debt, on $983979.00 of shareholder equity. That debt is best read against the cash flow the business throws off each year.