NASDAQ : MAMK
MaxsMaking Inc. — Financial statements
Industrials · Conglomerates · China
Last price 13 USD (At close: Nov 14, 2025) · Market cap 216.13M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
MaxsMaking Inc. (MAMK) reported revenue of 30.83M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | 30.83M | 29.22M | 21.43M | 26.26M | 28.16M |
| Cost of Revenue | 27.87M | 26.61M | 17.46M | 22.05M | 23.52M |
| Gross Profit | 2.96M | 2.62M | 3.97M | 4.21M | 4.64M |
| Selling, General & Admin | 1.78M | 1.86M | 1.21M | 1.06M | 1.01M |
| Research & Development | 600.04K | 650.63K | 559.05K | 740.80K | 496.25K |
| Operating Expenses | 2.38M | 2.51M | 1.77M | 1.80M | 1.50M |
| Operating Income | 583.39K | 103.57K | 2.20M | 2.41M | 3.14M |
| Interest Expense | -163.47K | -159.17K | -151.34K | -69.57K | -80.04K |
| Interest & Investment Income | 122.00 | 223.00 | 548.00 | 1.16K | 739.00 |
| Currency Exchange Gain (Loss) | 12.50K | 72.41K | 17.34K | -2.11K | 767.00 |
| Other Non Operating Income (Expenses) | 42.30K | 68.52K | 78.93K | -52.63K | 51.62K |
| Pretax Income | 474.84K | 85.56K | 2.15M | 2.29M | 3.11M |
| Income Tax Expense | 23.96K | 67.43K | 269.00K | 307.44K | 559.88K |
| Earnings From Continuing Operations | 450.88K | 18.12K | 1.88M | 1.98M | 2.55M |
| Minority Interest in Earnings | -4.35K | -16.10K | -67.50K | -69.01K | -99.58K |
| Net Income | 446.53K | 2.03K | 1.81M | 1.91M | 2.45M |
| Net Income to Common | 446.53K | 2.03K | 1.81M | 1.91M | 2.45M |
| Shares Outstanding (Basic) | 16.62M | 15.52M | 15.00M | 15.00M | 14.43M |
| Shares Outstanding (Diluted) | 16.62M | 15.52M | 15.00M | 15.00M | 15.00M |
| EPS (Basic) | 0.03 | 0.00 | 0.12 | 0.13 | 0.17 |
| EPS (Diluted) | 0.03 | 0.00 | 0.12 | 0.13 | 0.17 |
| Free Cash Flow | -7.41M | -5.34M | -3.06M | -673.59K | -2.21M |
| Free Cash Flow Per Share | -0.45 | -0.34 | -0.20 | -0.04 | -0.15 |
| Gross Margin | 9.61% | 8.95% | 18.52% | 16.04% | 16.49% |
| Operating Margin | 1.89% | 0.35% | 10.28% | 9.17% | 11.15% |
| Profit Margin | 1.45% | 0.01% | 8.46% | 7.27% | 8.71% |
| Free Cash Flow Margin | -24.04% | -18.28% | -14.26% | -2.56% | -7.84% |
| EBITDA | 577.90K | 134.15K | 2.23M | 2.43M | 3.15M |
| EBITDA Margin | 1.87% | 0.46% | 10.42% | 9.26% | 11.19% |
| D&A For EBITDA | -5.49K | 30.57K | 28.55K | 22.64K | 11.21K |
| EBIT | 583.39K | 103.57K | 2.20M | 2.41M | 3.14M |
| EBIT Margin | 1.89% | 0.35% | 10.28% | 9.17% | 11.15% |
| Effective Tax Rate | 5.05% | 78.82% | 12.51% | 13.45% | 17.99% |
Balance sheet
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 74.26K | 122.38K | 176.24K | 132.15K | 319.96K |
| Short-Term Investments | 23.38K | 18.88K | 26.93K | 28.50K | 17.16K |
| Cash & Short-Term Investments | 97.64K | 141.26K | 203.17K | 160.66K | 337.11K |
| Accounts Receivable | 14.58M | 9.88M | 6.19M | 6.33M | 8.16M |
| Other Receivables | 741.18K | 77.11K | 75.64K | 31.20K | 130.70K |
| Receivables | 15.32M | 9.95M | 6.26M | 6.40M | 8.30M |
| Inventory | 2.34M | 6.50M | 2.63M | 2.21M | 2.26M |
| Other Current Assets | 7.85M | 4.94M | 7.35M | 3.18M | 1.48M |
| Total Current Assets | 25.60M | 21.54M | 16.45M | 11.95M | 12.38M |
| Property, Plant & Equipment | 266.74K | 224.75K | 205.57K | 346.71K | 482.36K |
| Other Intangible Assets | 6.13K | 6.45K | 7.43K | 8.39K | 9.40K |
| Long-Term Deferred Tax Assets | 113.52K | 66.38K | 24.54K | 4.70K | 2.17K |
| Long-Term Deferred Charges | 986.21K | 267.97K | 76.25K | ||
| Other Long-Term Assets | 195.04K | 641.24K | |||
| Total Assets | 25.99M | 21.84M | 17.67M | 12.77M | 14.39M |
| Accounts Payable | 2.90M | 3.24M | 2.13M | 1.07M | 5.22M |
| Accrued Expenses | 74.83K | 62.38K | 86.06K | 81.66K | 182.66K |
| Short-Term Debt | 3.42M | 1.95M | 2.94M | 2.39M | 1.26M |
| Current Portion of Long-Term Debt | 1.45M | 22.57K | |||
| Current Portion of Leases | 49.60K | 13.14K | 47.90K | 294.04K | 164.72K |
| Current Income Taxes Payable | 818.79K | 952.04K | 859.19K | 572.19K | 486.49K |
| Current Unearned Revenue | 2.39M | 449.31K | 512.86K | 822.12K | 660.93K |
| Other Current Liabilities | 629.58K | 196.97K | 781.19K | 765.79K | 763.55K |
| Total Current Liabilities | 11.74M | 6.89M | 7.35M | 5.99M | 8.74M |
| Long-Term Debt | 704.99K | 2.28M | 2.06M | 1.14M | 1.65M |
| Long-Term Leases | 44.78K | 57.84K | 77.92K | 371.15K | |
| Total Liabilities | 12.49M | 9.23M | 9.41M | 7.21M | 10.77M |
| Common Stock | 166.25K | 166.25K | 150.00K | 150.00K | 150.00K |
| Additional Paid-In Capital | 5.97M | 5.97M | 1.71M | 925.23K | 925.23K |
| Retained Earnings | 7.12M | 6.51M | 6.51M | 4.70M | 2.79M |
| Comprehensive Income & Other | -88.03K | -368.88K | -421.54K | -458.26K | -418.81K |
| Total Common Equity | 13.18M | 12.28M | 7.95M | 5.32M | 3.45M |
| Minority Interest | 326.07K | 328.58K | 312.48K | 244.99K | 175.98K |
| Shareholders' Equity | 13.50M | 12.61M | 8.27M | 5.56M | 3.62M |
| Total Liabilities & Equity | 25.99M | 21.84M | 17.67M | 12.77M | 14.39M |
| Total Debt | 5.67M | 4.33M | 5.04M | 3.89M | 3.45M |
| Net Cash (Debt) | -5.58M | -4.18M | -4.84M | -3.73M | -3.11M |
| Net Cash Per Share | -0.34 | -0.27 | -0.32 | -0.25 | -0.21 |
| Filing Date Shares Outstanding | 16.62M | 16.62M | 15.00M | 15.00M | 14.43M |
| Total Common Shares Outstanding | 16.62M | 16.62M | 14.85M | 15.00M | 14.43M |
| Working Capital | 13.86M | 14.65M | 9.10M | 5.95M | 3.64M |
| Book Value Per Share | 0.79 | 0.74 | 0.54 | 0.35 | 0.24 |
| Tangible Book Value | 13.17M | 12.28M | 7.95M | 5.31M | 3.44M |
| Tangible Book Value Per Share | 0.79 | 0.74 | 0.54 | 0.35 | 0.24 |
| Machinery | 280.66K | 271.75K | 206.25K | 186.39K | 114.21K |
| Leasehold Improvements | 19.62K | 18.99K | 18.89K | 18.76K | 18.76K |
Cash flow statement
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Net Income | 446.53K | 2.03K | 1.81M | 1.91M | 2.45M |
| Depreciation & Amortization | 169.22K | 168.65K | 208.41K | 211.95K | 201.50K |
| Other Amortization | 1.01K | 1.01K | 1.02K | 1.03K | |
| Provision & Write-off of Bad Debts | 140.80K | 173.56K | 17.06K | -23.42K | 18.85K |
| Other Operating Activities | 4.35K | 16.10K | 67.50K | 69.01K | 99.58K |
| Change in Accounts Receivable | -8.20M | -3.79M | 168.69K | 1.90M | -6.36M |
| Change in Inventory | 494.53K | -3.82M | -412.24K | 56.56K | -1.72M |
| Change in Accounts Payable | 408.72K | 1.09M | 1.09M | -4.28M | 4.35M |
| Change in Unearned Revenue | 2.08M | 134.68K | -328.69K | 164.53K | -665.59K |
| Change in Income Taxes | -116.43K | 87.45K | 283.25K | 87.50K | 504.49K |
| Change in Other Net Operating Assets | -3.71M | 689.43K | -5.93M | -690.55K | -1.04M |
| Operating Cash Flow | -7.41M | -5.29M | -3.04M | -599.95K | -2.15M |
| Capital Expenditures | -3.07K | -56.88K | -18.51K | -73.65K | -60.61K |
| Sale (Purchase) of Intangibles | -11.00K | ||||
| Investing Cash Flow | -3.07K | -56.88K | -18.51K | 736.60K | 933.49K |
| Long-Term Debt Issued | 3.22M | 4.87M | 1.48M | 1.69M | |
| Long-Term Debt Repaid | -3.52M | -2.56M | -1.81M | -454.57K | |
| Net Debt Issued (Repaid) | 1.71M | -296.03K | 2.31M | -328.18K | 1.24M |
| Issuance of Common Stock | 5.59M | 5.59M | 787.27K | ||
| Financing Cash Flow | 7.31M | 5.30M | 3.10M | -328.18K | 1.24M |
| Foreign Exchange Rate Adjustments | -7.04K | -10.13K | 971.00 | 3.71K | -38.64K |
| Net Cash Flow | -113.15K | -53.85K | 44.09K | -187.81K | -16.75K |
| Free Cash Flow | -7.41M | -5.34M | -3.06M | -673.59K | -2.21M |
| Free Cash Flow Margin | -24.04% | -18.28% | -14.26% | -2.56% | -7.84% |
| Free Cash Flow Per Share | -0.45 | -0.34 | -0.20 | -0.04 | -0.15 |
| Levered Free Cash Flow | -6.63M | -4.54M | -1.93M | -2.14M | |
| Unlevered Free Cash Flow | -6.53M | -4.44M | -1.84M | -2.10M | |
| Cash Interest Paid | 212.50K | 155.57K | 151.34K | 69.57K | 56.83K |
| Cash Income Tax Paid | 128.50K | 21.27K | 5.60K | 222.03K | 49.21K |
| Change in Working Capital | -8.17M | -5.65M | -5.15M | -2.77M | -4.92M |
Ratios
Fiscal year November - October; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Market Capitalization | 216.12M | 80.63M | |||
| Enterprise Value | 221.09M | 85.78M | |||
| Last Close Price | 4.85 | ||||
| PE Ratio | 484.01 | 39,798.25 | |||
| PS Ratio | 7.01 | 2.76 | |||
| PB Ratio | 16.40 | 6.39 | |||
| P/TBV Ratio | 16.41 | 6.57 | |||
| EV/Sales Ratio | 7.17 | 2.94 | |||
| EV/EBITDA Ratio | 382.58 | 639.47 | |||
| EV/EBIT Ratio | 378.98 | 828.24 | |||
| Debt / Equity Ratio | 0.42 | 0.34 | 0.61 | 0.70 | 0.95 |
| Debt / EBITDA Ratio | 8.05 | 19.27 | 2.17 | 1.54 | 1.03 |
| Net Debt / Equity Ratio | 0.41 | 0.33 | 0.58 | 0.67 | 0.86 |
| Net Debt / EBITDA Ratio | 9.65 | 31.19 | 2.17 | 1.54 | 0.99 |
| Net Debt / FCF Ratio | -0.75 | -0.78 | -1.58 | -5.54 | -1.41 |
| Asset Turnover | 1.41 | 1.48 | 1.41 | 1.93 | |
| Inventory Turnover | 9.50 | 5.82 | 7.22 | 9.87 | |
| Quick Ratio | 1.31 | 1.46 | 0.88 | 1.09 | 0.99 |
| Current Ratio | 2.18 | 3.12 | 2.24 | 1.99 | 1.42 |
| Return on Equity (ROE) | 4.13% | 0.17% | 27.20% | 43.08% | |
| Return on Assets (ROA) | 1.66% | 0.33% | 9.05% | 11.09% | |
| Return on Invested Capital (ROIC) | 2.90% | 0.15% | 17.22% | 26.01% | 38.22% |
| Return on Capital Employed (ROCE) | 4.10% | 0.70% | 21.30% | 35.50% | 55.60% |
| Earnings Yield | 0.21% | 0.00% | |||
| FCF Yield | -3.43% | -6.63% | |||
| Buyback Yield / Dilution | -8.95% | -3.45% | -3.94% |