Greenland Technologies Hldg Financials
Greenland Technologies Hldg (GTEC) reported $90.7M in revenue for fiscal year 2025, up 8.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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).
Improving product economics are increasingly offset by heavier overhead, leaving a business that throws off cash better than earnings suggest.
In FY2025, free cash flow of$15.1M far exceeded net income of$4.9M , so the small cash balance is better read as cash being used, not cash failing to arrive. That same cash-conversion pattern followed the FY2024 rebound, and liabilities fell from$79.8M in FY2023 to$49.5M in FY2025, pointing to a more self-funding operation.
The notable shift in FY2025 was not at the gross line: gross margin widened to
The balance sheet also looks less creditor-driven than it did two years ago, with total liabilities down to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Greenland Technologies Hldg's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Greenland Technologies Hldg has an operating margin of 8.3%, meaning the company retains $8 of operating profit per $100 of revenue. This strong profitability earns a score of 70/100, reflecting efficient cost management and pricing power. This is down from 15.0% the prior year.
Greenland Technologies Hldg's revenue grew 8.0% year-over-year to $90.7M, a solid pace of expansion. This earns a growth score of 32/100.
Greenland Technologies Hldg has a moderate D/E ratio of 0.68. This balance of debt and equity financing earns a leverage score of 54/100.
Greenland Technologies Hldg's current ratio of 1.97 indicates adequate short-term liquidity, earning a score of 57/100. The company can meet its near-term obligations, though with limited headroom.
Greenland Technologies Hldg converts 16.6% of revenue into free cash flow ($15.1M). This strong cash generation earns a score of 74/100.
Greenland Technologies Hldg earns a strong 6.8% return on equity (ROE), meaning it generates $7 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 76/100. This is down from 23.4% the prior year.
Greenland Technologies Hldg scores 2.23, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Greenland Technologies Hldg passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Greenland Technologies Hldg generates $3.17 in operating cash flow ($15.6M OCF vs $4.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Greenland Technologies Hldg earns $67.36 in operating income for every $1 of interest expense ($7.5M vs $112K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Greenland Technologies Hldg generated $90.7M in revenue in fiscal year 2025. This represents an increase of 8.0% from the prior year.
Greenland Technologies Hldg's EBITDA was $9.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 33.1% from the prior year.
Greenland Technologies Hldg reported $4.9M in net income in fiscal year 2025. This represents a decrease of 64.9% from the prior year.
Greenland Technologies Hldg earned $0.31 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 69.9% from the prior year.
Cash & Balance Sheet
Greenland Technologies Hldg generated $15.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 32.6% from the prior year.
Greenland Technologies Hldg held $7.8M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Greenland Technologies Hldg's gross margin was 31.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 4.5 percentage points from the prior year.
Greenland Technologies Hldg's operating margin was 8.3% in fiscal year 2025, reflecting core business profitability. This is down 6.7 percentage points from the prior year.
Greenland Technologies Hldg's net profit margin was 5.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 11.3 percentage points from the prior year.
Greenland Technologies Hldg's ROE was 6.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 16.6 percentage points from the prior year.
Capital Allocation
Greenland Technologies Hldg invested $3.9M in research and development in fiscal year 2025. This represents an increase of 33.5% from the prior year.
Greenland Technologies Hldg invested $526K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 73.2% from the prior year.
Not reported for fiscal year 2025.
GTEC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $102.7M | $90.7M+8.0% | $83.9M-7.1% | $90.3M-0.5% | $90.8M-8.1% | $98.8M+47.8% | $66.9M+27.6% | $52.4M-13.0% | $60.2M |
| Cost of Revenue | $68.4M | $62.2M+1.4% | $61.4M-6.6% | $65.8M-7.4% | $71.0M-10.4% | $79.2M+46.6% | $54.1M+35.1% | $40.0M-13.3% | $46.1M |
| Gross Profit | $34.3M | $28.4M+26.2% | $22.5M-8.3% | $24.6M+23.9% | $19.8M+1.2% | $19.6M+52.9% | $12.8M+3.5% | $12.4M-12.0% | $14.1M |
| R&D Expenses | $5.2M | $3.9M+33.5% | $2.9M-45.9% | $5.4M-6.3% | $5.8M+4.7% | $5.5M+131.7% | $2.4M+1.3% | $2.4M-6.3% | $2.5M |
| SG&A Expenses | $9.9M | $15.3M+214.6% | $4.9M-19.8% | $6.1M+10.9% | $5.5M+38.2% | $3.9M+85.3% | $2.1M-4.5% | $2.2M+35.5% | $1.6M |
| Operating Income | $16.7M | $7.5M-40.3% | $12.6M+16.8% | $10.8M+80.9% | $6.0M-27.8% | $8.3M+23.0% | $6.7M+1.6% | $6.6M-24.1% | $8.7M |
| Interest Expense | N/A | $112K+32.5% | $84K-66.4% | $250K-37.9% | $403K-31.4% | $587K-36.9% | $931K-27.8% | $1.3M-17.1% | $1.6M |
| Income Tax | $4.0M | $3.5M+132.1% | $1.5M-11.4% | $1.7M+144.1% | $700K-62.0% | $1.8M-18.9% | $2.3M+168.2% | $847K-39.2% | $1.4M |
| Net Income | $12.7M | $4.9M-64.9% | $14.1M+188.6% | -$15.9M-2229.8% | $746K-88.1% | $6.3M-7.3% | $6.8M+51.4% | $4.5M-32.6% | $6.6M |
| EPS (Diluted) | — | $0.31-69.9% | $1.03+185.8% | -$1.20-2100.0% | $0.06-89.7% | $0.58 | N/A | N/A | N/A |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
GTEC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $115.8M+0.2% | $115.6M-11.4% | $130.5M-15.9% | $155.1M-4.6% | $162.6M+23.2% | $132.0M+23.9% | $106.5M-4.4% | $111.4M |
| Current Assets | $95.3M+2.8% | $92.6M-7.2% | $99.8M-20.7% | $125.9M-9.6% | $139.3M+29.4% | $107.6M+34.2% | $80.2M+66.3% | $48.2M |
| Cash & Equivalents | $7.8M+16.8% | $6.7M-71.0% | $23.0M+41.0% | $16.3M+47.3% | $11.1M+54.5% | $7.2M+237.1% | $2.1M-61.8% | $5.6M |
| Inventory | $24.4M+4.3% | $23.4M-5.0% | $24.6M+6.5% | $23.1M-10.5% | $25.8M+67.8% | $15.4M+54.2% | $10.0M-19.6% | $12.4M |
| Accounts Receivable | $17.3M+9.2% | $15.8M-4.2% | $16.5M+15.0% | $14.3M-9.9% | $15.9M+28.3% | $12.4M+3.6% | $12.0M+17.6% | $10.2M |
| Goodwill | N/A | N/A | N/A | N/A | $4K0.0% | $4K0.0% | $4K-1.6% | $4K |
| Total Liabilities | $49.5M-20.6% | $62.3M-21.9% | $79.8M+5.5% | $75.7M-13.7% | $87.7M+7.9% | $81.3M+36.6% | $59.5M-25.3% | $79.7M |
| Current Liabilities | $48.3M-16.1% | $57.5M-20.7% | $72.5M+9.5% | $66.2M-22.5% | $85.5M+8.4% | $78.8M+40.7% | $56.0M-11.4% | $63.2M |
| Long-Term Debt | N/A | N/A | N/A | N/A | $198K+19.0% | $166K-87.7% | $1.3M-84.2% | $8.6M |
| Total Equity | $72.9M+21.1% | $60.2M+20.2% | $50.1M-23.8% | $65.7M+5.5% | $62.3M+38.8% | $44.9M+16.3% | $38.6M+21.6% | $31.7M |
| Retained Earnings | $37.5M+15.1% | $32.6M+75.9% | $18.5M-46.1% | $34.4M+2.2% | $33.7M+26.0% | $26.7M+34.6% | $19.9M+24.7% | $15.9M |
GTEC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $16.2M | $15.6M+17.0% | $13.3M+444.8% | $2.4M-66.5% | $7.3M+227.1% | -$5.8M-313.5% | $2.7M-66.3% | $8.0M+161.7% | $3.1M |
| Capital Expenditures | $1.7M | $526K-73.2% | $2.0M+167.1% | $735K | N/A | N/A | N/A | $1.3M-80.8% | $6.7M |
| Free Cash Flow | $14.4M | $15.1M+32.6% | $11.4M+564.0% | $1.7M | N/A | N/A | N/A | $6.7M+284.9% | -$3.6M |
| Investing Cash Flow | -$11.0M | -$920K+50.8% | -$1.9M-274.5% | $1.1M+3078.4% | $34K+105.3% | -$639K+22.3% | -$823K+48.6% | -$1.6M+73.2% | -$6.0M |
| Financing Cash Flow | -$1.1M | -$15.6M+49.5% | -$30.9M-1178.3% | $2.9M+166.9% | -$4.3M-129.6% | $14.5M+526.9% | $2.3M+123.9% | -$9.6M-6006.3% | -$158K |
| Dividends Paid | $3.5M | $2.2M-62.6% | $5.9M+743.4% | $704K | N/A | N/A | N/A | $160K | N/A |
Not reported in any period shown, so not listed: Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
GTEC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 31.4%+4.5pp | 26.8%-0.4pp | 27.2%+5.4pp | 21.8%+2.0pp | 19.8%+0.7pp | 19.2%-4.5pp | 23.6%+0.3pp | 23.4% |
| Operating Margin | 8.3%-6.7pp | 15.0%+3.1pp | 11.9%+5.4pp | 6.6%-1.8pp | 8.3%-1.7pp | 10.0%-2.6pp | 12.6%-1.8pp | 14.4% |
| Net Margin | 5.4%-11.3pp | 16.8%+34.3pp | -17.6%-18.4pp | 0.8%-5.5pp | 6.3%-3.8pp | 10.1%+1.6pp | 8.5%-2.5pp | 11.0% |
| Return on Equity | 6.8%-16.6pp | 23.4%+55.1pp | -31.7%-32.8pp | 1.1%-8.9pp | 10.1%-5.0pp | 15.1%+3.5pp | 11.6%-9.3pp | 20.9% |
| Return on Assets | 4.3%-7.9pp | 12.2%+24.3pp | -12.2%-12.7pp | 0.5%-3.4pp | 3.9%-1.3pp | 5.1%+0.9pp | 4.2%-1.8pp | 5.9% |
| Current Ratio | 1.97+0.4x | 1.61+0.2x | 1.38-0.5x | 1.90+0.3x | 1.63+0.3x | 1.37-0.1x | 1.43+0.7x | 0.76 |
| Debt-to-Equity | 0.68-0.4x | 1.03-0.6x | 1.59+0.4x | 1.15+1.1x | 0.000.0x | 0.000.0x | 0.04-0.2x | 0.27 |
| FCF Margin | 16.6%+3.1pp | 13.6%+11.7pp | 1.9% | N/A | N/A | N/A | 12.8%+18.8pp | -6.0% |
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Where Greenland Technologies Hldg Ranks
Frequently Asked Questions
What is Greenland Technologies Hldg's annual revenue?
Greenland Technologies Hldg (GTEC) reported $90.7M in total revenue for fiscal year 2025. This represents a 8.0% 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 grew by 8.0% year-over-year, from $83.9M to $90.7M in fiscal year 2025.
Is Greenland Technologies Hldg profitable?
Yes, Greenland Technologies Hldg (GTEC) reported a net income of $4.9M in fiscal year 2025, with a net profit margin of 5.4%.
What is Greenland Technologies Hldg's EBITDA?
Greenland Technologies Hldg (GTEC) had EBITDA of $9.9M in fiscal year 2025, 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 31.4% in fiscal year 2025, 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 8.3% in fiscal year 2025, 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 5.4% in fiscal year 2025, 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 6.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Greenland Technologies Hldg's free cash flow?
Greenland Technologies Hldg (GTEC) generated $15.1M in free cash flow during fiscal year 2025. This represents a 32.6% 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 $15.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Greenland Technologies Hldg's total assets?
Greenland Technologies Hldg (GTEC) had $115.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Greenland Technologies Hldg's capital expenditures?
Greenland Technologies Hldg (GTEC) invested $526K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Greenland Technologies Hldg spend on research and development?
Greenland Technologies Hldg (GTEC) invested $3.9M in research and development during fiscal year 2025.
What is Greenland Technologies Hldg's current ratio?
Greenland Technologies Hldg (GTEC) had a current ratio of 1.97 as of fiscal year 2025, 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 0.68 as of fiscal year 2025, 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 4.3% for fiscal year 2025, 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 2.23, 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 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 3.17x, considered cash-backed (high 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 67.36x, 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 61 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.