High-Trend International Group (HTCO) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 8, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Jan 23, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HTCO SEC filings page.
High-Trend International Group (HTCO) reported $214.4M in revenue for fiscal year 2025, up 98.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).
FY2025 revenue expanded sharply, but thinner gross margins turned that volume into a larger operating loss.
Margin compression was severe: gross margin fell from7.5% in FY2024 to3.2% in FY2025, so additional sales carried much less profit. Yet the reported net loss of$21.5M coincided with operating cash flow of$4.6M , unlike FY2024, when a$23.6M net loss accompanied negative operating cash flow; earnings and cash movement were therefore being shaped by different items.
Short-term liquidity improved, with the current ratio rising from 1.3x in FY2024 to 1.5x in FY2025, giving current assets more coverage over near-term obligations. At year-end, liabilities were
Higher sales did not produce operating leverage: gross profit declined from
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 High-Trend International Group'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.
High-Trend International Group has an operating margin of -9.3%, meaning the company loses $9 on every $100 of revenue. This results in a profitability score of 21/100. This is down from 2.1% the prior year.
High-Trend International Group's revenue surged 98.2% year-over-year to $214.4M, reflecting rapid business expansion. This strong growth earns a score of 98/100.
High-Trend International Group has elevated debt relative to equity (D/E of 2.51), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 26/100, reflecting increased financial risk.
High-Trend International Group's current ratio of 1.54 indicates adequate short-term liquidity, earning a score of 43/100. The company can meet its near-term obligations, though with limited headroom.
High-Trend International Group has a free cash flow margin of 2.2%, earning a moderate score of 33/100. The company generates positive cash flow after capital investments, but with room for improvement.
High-Trend International Group posts a -272.5% return on equity (ROE), meaning it loses $272 for every $100 of shareholders' equity. This results in a returns score of 6/100. This is up from -440.0% the prior year.
High-Trend International Group scores 3.17, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
High-Trend International Group 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, all 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
High-Trend International Group reported a net loss of $21.5M while generating $4.6M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
High-Trend International Group reported an operating loss of $19.9M against $46K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
High-Trend International Group held $10.1M in cash as of Q4 2025; long-term debt is not reported for that period.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 2025.
HTCO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
HTCO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q2'256-K | Q4'2420-F | Q2'2410-Q | Q4'2310-K | Q2'2310-Q | Q4'2210-K | Q4'2110-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $32.4M+10.8% | $41.7M+210.1% | $29.2M+246.4% | $13.4M-2.0% | $8.4M-76.3% | $13.7M | $35.6M+30.8% | $27.2M |
| Current Assets | $30.3M+17.1% | $31.5M+183.2% | $25.9M+282.1% | $11.1M-8.1% | $6.8M-79.7% | $12.1M | $33.4M+28.0% | $26.1M |
| Cash & Equivalents | $10.1M+47.7% | $13.2M+293.5% | $6.9M+209.1% | $3.4M-64.9% | $2.2M-89.7% | $9.6M | $21.6M+108.3% | $10.4M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $8.7M+14.1% | $3.9M-3.6% | $7.6M+670.8% | $4.0M+511.4% | $984K-75.1% | $660K | $4.0M-49.5% | $7.8M |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $19.8M-3.5% | $16.2M-19.3% | $20.5M+30.4% | $20.1M+64.2% | $15.7M-38.6% | $12.3M | $25.5M+7.3% | $23.8M |
| Current Liabilities | $19.7M+0.9% | $15.3M-20.0% | $19.6M+38.6% | $19.1M+80.5% | $14.1M-39.1% | $10.6M | $23.2M+13.4% | $20.4M |
| Non-Current Liabilities | $27K-97.1% | $982K-7.5% | $917K-42.2% | $1.1M-37.4% | $1.6M-33.0% | $1.7M | $2.4M-29.8% | $3.4M |
| Long-Term Debt | N/A | $1.0M+0.4% | $917K-37.9% | $998K-38.8% | $1.5M-37.6% | $1.6M | $2.4M-29.8% | $3.4M |
| Total Equity | $7.9M+46.9% | $21.2M+496.3% | $5.4M+199.2% | -$5.3M-1256.5% | -$5.4M-219.3% | -$394K | $4.5M+676.5% | $584K |
| Retained Earnings | -$51.4M-80.1% | -$44.8M-682.0% | -$28.6M-476.2% | -$5.7M-9991.3% | -$5.0M-213.2% | $58K | $4.4M+909.0% | $434K |
Not reported in any period shown, so not listed: Inventory, Goodwill.
HTCO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
HTCO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| High-Trend International Group HTCO | FY2025 | $214.4M | -$21.5M | -10.0% | $13.4M | 38/100 |
| EuroDry Ltd. EDRY | FY2025 | N/A | -$3.8M | N/A | $179.0M | — |
| Globus Maritime Limited GLBS | FY2025 | $44.2M | -$1.7M | -4.0% | $72.9M | 42/100 |
| Castor Maritime Inc. CTRM | FY2025 | $81.8M | $19.3M | 23.5% | $18.6M | 42/100 |
| Performance Shipping Inc. PSHG | FY2025 | $84.2M | $50.0M | 59.4% | $20.6M | 45/100 |
| United Maritime Corporation USEA | FY2025 | $37.8M | -$6.2M | -16.4% | $24.9M | 26/100 |
Where High-Trend International Group Ranks
Frequently Asked Questions
What is High-Trend International Group's annual revenue?
High-Trend International Group (HTCO) reported $214.4M in total revenue for fiscal year 2025. This represents a 98.2% 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 High-Trend International Group's revenue growing?
High-Trend International Group (HTCO) revenue grew by 98.2% year-over-year, from $108.2M to $214.4M in fiscal year 2025.
Is High-Trend International Group profitable?
No, High-Trend International Group (HTCO) reported a net income of -$21.5M in fiscal year 2025, with a net profit margin of -10.0%.
What is High-Trend International Group's EBITDA?
High-Trend International Group (HTCO) had EBITDA of -$19.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is High-Trend International Group's gross margin?
High-Trend International Group (HTCO) had a gross margin of 3.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is High-Trend International Group's operating margin?
High-Trend International Group (HTCO) had an operating margin of -9.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is High-Trend International Group's net profit margin?
High-Trend International Group (HTCO) had a net profit margin of -10.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is High-Trend International Group's return on equity (ROE)?
High-Trend International Group (HTCO) has a return on equity of -272.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is High-Trend International Group's free cash flow?
High-Trend International Group (HTCO) generated $4.6M in free cash flow during fiscal year 2025. 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 High-Trend International Group's operating cash flow?
High-Trend International Group (HTCO) generated $4.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are High-Trend International Group's total assets?
High-Trend International Group (HTCO) had $32.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are High-Trend International Group's capital expenditures?
High-Trend International Group (HTCO) invested $5K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is High-Trend International Group's current ratio?
High-Trend International Group (HTCO) had a current ratio of 1.54 as of fiscal year 2025, which is generally considered healthy.
What is High-Trend International Group's debt-to-equity ratio?
High-Trend International Group (HTCO) had a debt-to-equity ratio of 2.51 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is High-Trend International Group's return on assets (ROA)?
High-Trend International Group (HTCO) had a return on assets of -66.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is High-Trend International Group's P/E ratio?
High-Trend International Group (HTCO) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $13.4M as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is High-Trend International Group's price-to-sales ratio?
High-Trend International Group (HTCO) trades at 0.1x sales, its market capitalization divided by revenue of $214.4M revenue, FY2025. The market capitalization is $13.4M as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is High-Trend International Group's Altman Z-Score?
High-Trend International Group (HTCO) has an Altman Z-Score of 3.17, placing it in the Safe Zone (low bankruptcy 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 High-Trend International Group's Piotroski F-Score?
High-Trend International Group (HTCO) 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 High-Trend International Group's earnings high quality?
High-Trend International Group (HTCO) reported a net loss of $21.5M while generating $4.6M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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 High-Trend International Group cover its interest payments?
High-Trend International Group (HTCO) reported an operating loss of $19.9M against $46K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 High-Trend International Group?
High-Trend International Group (HTCO) scores 38 out of 100 on our Financial Health Score, indicating weak 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.