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2317 · TWSE · Taiwan · Technology
In shortHON HAI (鴻海) is profitable, generates cash and carries moderate debt, with revenue growing (+18.1% 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. | 3.2% | 27/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 2.3% | 29/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 11.1% | 55/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 6.5% | 43/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.46× | 55/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.64× | 75/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 0.35× | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 6.80× | 51/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 3.47 | 61/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 0.7% | 23/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.28× | 0/100 |
| Years with positive free cash flow (last 5) | 4 of 5 | 75/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 9.4% | 76/100 |
| Operating margin volatility | 0.3% | 100/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 6.9% | 55/100 |
|---|---|---|
| EPS growth, 3-year average | 10.0% | 75/100 |
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.
TWD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 5,994,174 | 6,626,997 | 6,162,221 | 6,859,615 | 8,103,105 |
| Cost of revenue | 5,632,047 | 6,226,912 | 5,774,274 | 6,430,670 | 7,604,944 |
| Gross profit | 362,127 | 400,085 | 387,947 | 428,946 | 498,161 |
| Research & development | 105,069 | 114,258 | 110,020 | 115,772 | 121,705 |
| Operating income | 148,959 | 173,788 | 166,528 | 200,607 | 259,223 |
| Interest expense | 21,958 | 34,736 | 65,543 | 36,795 | 38,096 |
| Pre-tax income | 193,572 | 187,511 | 192,224 | 211,875 | 293,445 |
| Income tax | 39,749 | 36,440 | 37,435 | 40,196 | 78,410 |
| Net income | 139,320 | 141,483 | 142,098 | 152,705 | 189,354 |
| Diluted EPS | TWD9.91 | TWD10.06 | TWD10.07 | TWD10.79 | TWD13.40 |
1 older year available with the 10-year history. Essential plan, from €8.25/month →
3.47 Safe 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: MOPS (mops.twse.com.tw). 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 –