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SFWL · Nasdaq · United States · Trucking & Courier Services (No Air)
In shortSHENGFENG DEVELOPMENT Ltd is profitable, burns cash and holds more cash than debt, with revenue growing (+13.6% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 2.9% | 26/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 2.1% | 28/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 9.6% | 48/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 8.6% | 57/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.27× | 39/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.28× | 96/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 6.17× | 44/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 2.30 | 31/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -0.5% | 18/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | -0.24× | 0/100 |
| Years with positive free cash flow (last 5) | 1 of 5 | 0/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 7.6% | 83/100 |
| Operating margin volatility | 0.4% | 100/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 15.6% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
1 older year available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 347 | 370 | 404 | 504 | 572 |
| Cost of revenue | 305 | 329 | 358 | 458 | 519 |
| Gross profit | 41 | 42 | 47 | 46 | 53 |
| Operating income | 8.6 | 9.8 | 14 | 15 | 17 |
| Interest expense | 2.3 | 2.2 | 1.8 | 2 | 2.7 |
| Pre-tax income | 8.2 | 9.4 | 13 | 12 | 14 |
| Income tax | 1.5 | 1.6 | 2.3 | 1.7 | 2 |
| Net income | 6.9 | 7.8 | 10 | 11 | 12 |
| Diluted EPS | $0.09 | $0.10 | $0.13 | – | – |
| Diluted shares (millions) | 80 | 80 | 82 | – | – |
1 older year available with the 10-year history. Essential plan, from €8.25/month →
2.30 Grey zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Mar 27, 2026