Greenland Technologies Hldg Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Greenland Technologies Hldg has an operating margin of 15.0%, meaning the company retains $15 of operating profit per $100 of revenue. This strong profitability earns a score of 75/100, reflecting efficient cost management and pricing power. This is up from 11.9% the prior year.
Greenland Technologies Hldg's revenue declined 7.1% year-over-year, from $90.3M to $83.9M. This contraction results in a growth score of 8/100.
Greenland Technologies Hldg carries a low D/E ratio of 1.03, meaning only $1.03 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 73/100, indicating a strong balance sheet with room for future borrowing.
Greenland Technologies Hldg's current ratio of 1.61 indicates adequate short-term liquidity, earning a score of 44/100. The company can meet its near-term obligations, though with limited headroom.
Greenland Technologies Hldg converts 13.6% of revenue into free cash flow ($11.4M). This strong cash generation earns a score of 68/100.
Greenland Technologies Hldg earns a strong 23.4% return on equity (ROE), meaning it generates $23 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 93/100.
Greenland Technologies Hldg scores 2.03, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Greenland Technologies Hldg passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Greenland Technologies Hldg generates $0.95 in operating cash flow ($13.3M OCF vs $14.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Greenland Technologies Hldg earns $149.5 in operating income for every $1 of interest expense ($12.6M vs $84K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
This page shows Greenland Technologies Hldg (GTEC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Greenland Technologies Hldg generated $83.9M in revenue in fiscal year 2024. This represents a decrease of 7.1% from the prior year.
Greenland Technologies Hldg's EBITDA was $14.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 14.4% from the prior year.
Greenland Technologies Hldg generated $11.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 564.0% from the prior year.
Greenland Technologies Hldg reported $14.1M in net income in fiscal year 2024. This represents an increase of 188.6% from the prior year.
Greenland Technologies Hldg earned $1.03 per diluted share (EPS) in fiscal year 2024. This represents an increase of 185.8% from the prior year.
Greenland Technologies Hldg held $6.7M in cash against $0 in long-term debt as of fiscal year 2024.
Greenland Technologies Hldg had 14M shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Greenland Technologies Hldg's gross margin was 26.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.4 percentage points from the prior year.
Greenland Technologies Hldg's operating margin was 15.0% in fiscal year 2024, reflecting core business profitability. This is up 3.1 percentage points from the prior year.
Greenland Technologies Hldg's net profit margin was 16.8% in fiscal year 2024, showing the share of revenue converted to profit. This is up 34.3 percentage points from the prior year.
Greenland Technologies Hldg's ROE was 23.4% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.
Greenland Technologies Hldg invested $2.9M in research and development in fiscal year 2024. This represents a decrease of 45.9% from the prior year.
Greenland Technologies Hldg invested $2.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 167.1% from the prior year.
GTEC Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $23.4M+7.7% | $21.7M+0.2% | $21.7M+11.9% | $19.4M-15.8% | $23.0M+1.3% | $22.7M-0.2% | $22.8M+4.3% | $21.8M |
| Cost of Revenue | $15.8M-0.9% | $16.0M+6.3% | $15.0M+5.6% | $14.2M-12.4% | $16.2M-4.9% | $17.1M+0.9% | $16.9M+8.7% | $15.6M |
| Gross Profit | $7.6M+31.7% | $5.8M-13.7% | $6.7M+29.4% | $5.1M-24.0% | $6.8M+20.0% | $5.6M-3.6% | $5.9M-6.6% | $6.3M |
| R&D Expenses | $561K+26.4% | $444K+444.7% | $81K-79.0% | $388K-65.5% | $1.1M+13.7% | $988K-39.5% | $1.6M+31.1% | $1.2M |
| SG&A Expenses | $1.5M-77.1% | $6.6M+360.5% | $1.4M+435.7% | $269K-77.6% | $1.2M-45.1% | $2.2M+70.5% | $1.3M-20.4% | $1.6M |
| Operating Income | $5.1M+318.0% | -$2.3M-148.3% | $4.8M+28.1% | $3.8M-5.8% | $4.0M+106.9% | $1.9M-12.0% | $2.2M-22.0% | $2.8M |
| Interest Expense | N/A | N/A | N/A | -$5K-114.1% | $36K-17.9% | $44K+39.3% | $31K-56.9% | $73K |
| Income Tax | $920K+8.4% | $849K-3.3% | $878K+30.4% | $674K-1.0% | $681K+466.0% | -$186K-181.7% | $228K-74.1% | $879K |
| Net Income | $5.7M+277.7% | -$3.2M-180.6% | $4.0M-47.3% | $7.6M+63.4% | $4.7M+85.9% | $2.5M+113.3% | -$18.8M-2022.8% | -$887K |
| EPS (Diluted) | $0.33+265.0% | $-0.20-169.0% | $0.29-48.2% | $0.56+64.7% | $0.34+88.9% | $0.18+112.7% | $-1.42-1928.6% | $-0.07 |
GTEC Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $123.4M-0.1% | $123.6M+4.1% | $118.6M+2.7% | $115.6M-8.8% | $126.8M-8.9% | $139.2M+6.7% | $130.5M-18.1% | $159.3M |
| Current Assets | $99.0M+4.6% | $94.6M+1.2% | $93.5M+0.9% | $92.6M-9.6% | $102.4M-0.9% | $103.4M+3.6% | $99.8M-28.2% | $138.9M |
| Cash & Equivalents | $3.9M-13.8% | $4.6M-15.3% | $5.4M-18.9% | $6.7M-61.1% | $17.1M+7.1% | $16.0M-30.4% | $23.0M+6.7% | $21.5M |
| Inventory | $23.9M-2.2% | $24.4M+1.9% | $23.9M+2.4% | $23.4M+15.4% | $20.3M-18.2% | $24.7M+0.6% | $24.6M+20.0% | $20.5M |
| Accounts Receivable | $21.6M-2.6% | $22.1M+3.3% | $21.4M+35.6% | $15.8M-27.8% | $21.9M+3.4% | $21.2M+28.4% | $16.5M-20.9% | $20.8M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $53.6M-11.2% | $60.3M-0.4% | $60.6M-2.8% | $62.3M-8.3% | $68.0M-20.8% | $85.9M+7.6% | $79.8M+7.9% | $73.9M |
| Current Liabilities | $51.2M-9.0% | $56.2M+0.1% | $56.2M-2.4% | $57.5M-10.1% | $64.0M-19.8% | $79.8M+10.0% | $72.5M+2.8% | $70.6M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $75.4M+9.0% | $69.2M+7.1% | $64.6M+7.3% | $60.2M+7.0% | $56.3M+8.4% | $51.9M+3.7% | $50.1M-31.8% | $73.4M |
| Retained Earnings | $39.1M+17.2% | $33.4M-8.8% | $36.6M+12.3% | $32.6M+26.9% | $25.7M+22.1% | $21.0M+13.5% | $18.5M-53.9% | $40.2M |
GTEC Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $8.3M+584.5% | -$1.7M-237.0% | $1.2M-71.4% | $4.4M-61.6% | $11.3M+234.7% | -$8.4M-519.5% | $2.0M+141.0% | $833K |
| Capital Expenditures | $112K-18.8% | $139K+864.5% | $14K-97.4% | $548K+464.0% | $97K-91.8% | $1.2M | N/A | N/A |
| Free Cash Flow | $8.1M+542.0% | -$1.8M-249.8% | $1.2M-67.7% | $3.8M-66.1% | $11.2M+217.1% | -$9.6M | N/A | N/A |
| Investing Cash Flow | -$114K-184.6% | $135K+119.3% | -$702K-389.1% | $243K+356.7% | -$95K+95.0% | -$1.9M-1133.6% | -$152K-109.8% | $1.6M |
| Financing Cash Flow | -$9.4M-762.0% | -$1.1M+38.2% | -$1.8M+89.3% | -$16.5M-68.0% | -$9.8M-519.9% | $2.3M+58.2% | $1.5M+234.0% | $443K |
| Dividends Paid | $486K | $0-100.0% | $188K | N/A | N/A | N/A | $0 | $0 |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
GTEC Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 32.4%+5.9pp | 26.5%-4.3pp | 30.7%+4.2pp | 26.6%-2.9pp | 29.4%+4.6pp | 24.9%-0.9pp | 25.7%-3.0pp | 28.7% |
| Operating Margin | 21.6%+32.4pp | -10.7%-32.9pp | 22.2%+2.8pp | 19.4%+2.1pp | 17.3%+8.8pp | 8.5%-1.1pp | 9.6%-3.2pp | 12.8% |
| Net Margin | 24.5%+39.3pp | -14.8%-33.3pp | 18.5%-20.8pp | 39.2%+19.0pp | 20.2%+9.2pp | 11.0%+93.7pp | -82.7%-78.6pp | -4.1% |
| Return on Equity | 7.6% | N/A | 6.2%-6.4pp | 12.6%+4.4pp | 8.3%+3.4pp | 4.8% | N/A | N/A |
| Return on Assets | 4.6%+7.2pp | -2.6%-6.0pp | 3.4%-3.2pp | 6.6%+2.9pp | 3.7%+1.9pp | 1.8%+16.2pp | -14.4%-13.9pp | -0.6% |
| Current Ratio | 1.93+0.3 | 1.68+0.0 | 1.66+0.1 | 1.610.0 | 1.60+0.3 | 1.30-0.1 | 1.38-0.6 | 1.97 |
| Debt-to-Equity | 0.71-0.2 | 0.87-0.1 | 0.94-0.1 | 1.03-0.2 | 1.21-0.4 | 1.65+0.1 | 1.59+0.6 | 1.01 |
| FCF Margin | 34.8%+43.3pp | -8.5%-14.2pp | 5.7%-14.0pp | 19.7%-29.2pp | 48.9%+91.1pp | -42.3% | N/A | N/A |
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Frequently Asked Questions
What is Greenland Technologies Hldg's annual revenue?
Greenland Technologies Hldg (GTEC) reported $83.9M in total revenue for fiscal year 2024. This represents a -7.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Greenland Technologies Hldg's revenue growing?
Greenland Technologies Hldg (GTEC) revenue declined by 7.1% year-over-year, from $90.3M to $83.9M in fiscal year 2024.
Is Greenland Technologies Hldg profitable?
Yes, Greenland Technologies Hldg (GTEC) reported a net income of $14.1M in fiscal year 2024, with a net profit margin of 16.8%.
What is Greenland Technologies Hldg's earnings per share (EPS)?
Greenland Technologies Hldg (GTEC) reported diluted earnings per share of $1.03 for fiscal year 2024. This represents a 185.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Greenland Technologies Hldg's EBITDA?
Greenland Technologies Hldg (GTEC) had EBITDA of $14.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Greenland Technologies Hldg's gross margin?
Greenland Technologies Hldg (GTEC) had a gross margin of 26.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Greenland Technologies Hldg's operating margin?
Greenland Technologies Hldg (GTEC) had an operating margin of 15.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Greenland Technologies Hldg's net profit margin?
Greenland Technologies Hldg (GTEC) had a net profit margin of 16.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Greenland Technologies Hldg's return on equity (ROE)?
Greenland Technologies Hldg (GTEC) has a return on equity of 23.4% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Greenland Technologies Hldg's free cash flow?
Greenland Technologies Hldg (GTEC) generated $11.4M in free cash flow during fiscal year 2024. This represents a 564.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Greenland Technologies Hldg's operating cash flow?
Greenland Technologies Hldg (GTEC) generated $13.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Greenland Technologies Hldg's total assets?
Greenland Technologies Hldg (GTEC) had $115.6M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Greenland Technologies Hldg's capital expenditures?
Greenland Technologies Hldg (GTEC) invested $2.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Greenland Technologies Hldg spend on research and development?
Greenland Technologies Hldg (GTEC) invested $2.9M in research and development during fiscal year 2024.
How many shares does Greenland Technologies Hldg have outstanding?
Greenland Technologies Hldg (GTEC) had 14M shares outstanding as of fiscal year 2024.
What is Greenland Technologies Hldg's current ratio?
Greenland Technologies Hldg (GTEC) had a current ratio of 1.61 as of fiscal year 2024, which is generally considered healthy.
What is Greenland Technologies Hldg's debt-to-equity ratio?
Greenland Technologies Hldg (GTEC) had a debt-to-equity ratio of 1.03 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Greenland Technologies Hldg's return on assets (ROA)?
Greenland Technologies Hldg (GTEC) had a return on assets of 12.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Greenland Technologies Hldg's Altman Z-Score?
Greenland Technologies Hldg (GTEC) has an Altman Z-Score of 2.03, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Greenland Technologies Hldg's Piotroski F-Score?
Greenland Technologies Hldg (GTEC) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Greenland Technologies Hldg's earnings high quality?
Greenland Technologies Hldg (GTEC) has an earnings quality ratio of 0.95x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Greenland Technologies Hldg cover its interest payments?
Greenland Technologies Hldg (GTEC) has an interest coverage ratio of 149.5x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Greenland Technologies Hldg?
Greenland Technologies Hldg (GTEC) scores 60 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.