Huadi International Group Co., Ltd. (HUDI) 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 16, 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 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HUDI SEC filings page.
Huadi International Group Co., Ltd. (HUDI) reported $62.9M in revenue for fiscal year 2025, down 15.3% 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).
The business has moved from modest profits to losses as shrinking sales and weaker operating margins now consume cash.
FY2025 revenue fell15.3% , while operating margin reached-4.6% , so the smaller sales base no longer absorbed operating expenses. Operating cash flow swung from$13.0M in FY2024 to-$8.5M in FY2025, confirming the deterioration reached cash conversion rather than remaining an accounting result.
The balance sheet is not chiefly debt-funded: FY2025 liabilities were
Cash conversion deteriorated alongside earnings: FY2025 operating cash flow was
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 Huadi International Group Co., Ltd.'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.
Huadi International Group Co., Ltd. has an operating margin of -4.6%, meaning the company loses $5 on every $100 of revenue. This results in a profitability score of 21/100. This is down from -2.2% the prior year.
Huadi International Group Co., Ltd.'s revenue declined 15.3% year-over-year, from $74.3M to $62.9M. This contraction results in a growth score of 7/100.
Huadi International Group Co., Ltd. carries a low D/E ratio of 0.11, meaning only $0.11 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 80/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.89, Huadi International Group Co., Ltd. holds $2.89 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 77/100.
Huadi International Group Co., Ltd.'s operations used $8.5M of cash, and capex of $1.5M added to the outflow, for a free cash flow shortfall of $9.9M. This results in a cash flow score of 18/100.
Huadi International Group Co., Ltd. posts a -1.8% return on equity (ROE), meaning it loses $2 for every $100 of shareholders' equity. This results in a returns score of 23/100. This is down from 0.2% the prior year.
Huadi International Group Co., Ltd. scores 1.24, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Huadi International Group Co., Ltd. passes 1 of 8 computable financial strength tests (1 of the nine could not be computed from available data). No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
Huadi International Group Co., Ltd. reported a net loss of $1.4M while operations used $8.5M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Huadi International Group Co., Ltd. reported an operating loss of $2.9M against $195K 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
Huadi International Group Co., Ltd. held $6.5M in cash against $8.0M in long-term debt as of Q4 2025.
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.
HUDI 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).
HUDI 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 | Q2'2210-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $109.5M+5.7% | $99.1M+6.7% | $103.6M+0.6% | $92.9M-5.2% | $103.0M+21.7% | $98.0M+7.3% | $84.6M-15.6% | $91.3M |
| Current Assets | $70.3M-9.3% | $71.1M+1.2% | $77.5M-3.4% | $70.3M-9.2% | $80.2M+24.6% | $77.4M+13.8% | $64.4M-16.4% | $68.0M |
| Cash & Equivalents | $6.5M-64.2% | $9.2M+18.0% | $18.1M-10.3% | $7.8M-60.5% | $20.2M+53.0% | $19.8M+17.3% | $13.2M-14.0% | $16.8M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $24.1M+3.3% | $27.8M-4.1% | $23.3M-12.7% | $28.9M-3.0% | $26.7M+7.4% | $29.8M+9.4% | $24.9M+9.4% | $27.3M |
| Accounts Receivable | $24.8M+32.4% | $17.6M-5.1% | $18.7M-17.3% | $18.5M-4.5% | $22.6M+15.1% | $19.4M+13.5% | $19.7M-7.7% | $17.1M |
| Long-Term Investments | $12.8M-1.4% | $12.6M-0.5% | $13.0M+4.0% | $12.6M-4.9% | $12.5M-2.5% | $13.3M-7.7% | $12.8M-9.4% | $14.4M |
| Total Liabilities | $33.7M+33.4% | $23.2M+37.2% | $25.3M-10.8% | $16.9M-22.0% | $28.3M-19.1% | $21.7M-44.7% | $35.0M-28.2% | $39.2M |
| Current Liabilities | $24.3M+2.0% | $19.1M+28.7% | $23.8M+5.4% | $14.8M-14.5% | $22.6M-12.0% | $17.4M-45.6% | $25.7M-47.3% | $31.9M |
| Non-Current Liabilities | $9.4M+549.1% | $4.1M+98.2% | $1.4M-74.7% | $2.1M-52.1% | $5.7M-38.5% | $4.3M-40.7% | $9.3M | $7.3M |
| Long-Term Debt | $8.0M | $2.8M+55.4% | N/A | $1.8M-59.4% | $5.4M-42.0% | $4.4M-40.1% | $9.3M | $7.3M |
| Total Equity | $75.5M-3.2% | $75.6M-0.1% | $78.0M+4.8% | $75.7M-0.5% | $74.4M+50.7% | $76.0M+46.6% | $49.4M-3.6% | $51.9M |
| Retained Earnings | $6.3M-18.1% | $7.8M+5.8% | $7.7M+15.3% | $7.4M+44.8% | $6.7M+75.7% | $5.1M+141.8% | $3.8M+79.6% | $2.1M |
Not reported in any period shown, so not listed: Goodwill.
HUDI 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.
HUDI 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 |
|---|---|---|---|---|---|---|
| Huadi International Group Co., Ltd. HUDI | FY2025 | $62.9M | -$1.4M | -2.2% | $9.6M | 38/100 |
| Inno Holdings Inc. INHD | FY2025 | $2.8M | -$7.1M | N/A | $9.7M | 41/100 |
| ZK International Group Co., Ltd ZKIN | FY2025 | $71.2M | -$4.0M | -5.6% | $103.8M | 53/100 |
| FST Corp. KBSX | FY2025 | $48.0M | -$1.5M | -3.1% | $62.9M | 58/100 |
| Ascent Industries Co. ACNT | FY2025 | $74.9M | $867K | 1.2% | $122.2M | 41/100 |
| Friedman Industries Inc. FRD | FY2026 | N/A | $19.5M | N/A | $302.7M | — |
Where Huadi International Group Co., Ltd. Ranks
Frequently Asked Questions
What is Huadi International Group Co., Ltd.'s annual revenue?
Huadi International Group Co., Ltd. (HUDI) reported $62.9M in total revenue for fiscal year 2025. This represents a -15.3% 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 Huadi International Group Co., Ltd.'s revenue growing?
Huadi International Group Co., Ltd. (HUDI) revenue declined by 15.3% year-over-year, from $74.3M to $62.9M in fiscal year 2025.
Is Huadi International Group Co., Ltd. profitable?
No, Huadi International Group Co., Ltd. (HUDI) reported a net income of -$1.4M in fiscal year 2025, with a net profit margin of -2.2%.
What is Huadi International Group Co., Ltd.'s EBITDA?
Huadi International Group Co., Ltd. (HUDI) had EBITDA of -$2.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Huadi International Group Co., Ltd. have?
As of fiscal year 2025, Huadi International Group Co., Ltd. (HUDI) had $6.5M in cash and equivalents against $8.0M in long-term debt.
What is Huadi International Group Co., Ltd.'s gross margin?
Huadi International Group Co., Ltd. (HUDI) had a gross margin of 10.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Huadi International Group Co., Ltd.'s operating margin?
Huadi International Group Co., Ltd. (HUDI) had an operating margin of -4.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Huadi International Group Co., Ltd.'s net profit margin?
Huadi International Group Co., Ltd. (HUDI) had a net profit margin of -2.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Huadi International Group Co., Ltd.'s return on equity (ROE)?
Huadi International Group Co., Ltd. (HUDI) has a return on equity of -1.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Huadi International Group Co., Ltd.'s free cash flow?
Huadi International Group Co., Ltd. (HUDI) recorded an outflow of $9.9M in free cash flow during fiscal year 2025. This represents a -178.3% 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 Huadi International Group Co., Ltd.'s operating cash flow?
Huadi International Group Co., Ltd. (HUDI) recorded an outflow of $8.5M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Huadi International Group Co., Ltd.'s total assets?
Huadi International Group Co., Ltd. (HUDI) had $109.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Huadi International Group Co., Ltd.'s capital expenditures?
Huadi International Group Co., Ltd. (HUDI) invested $1.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Huadi International Group Co., Ltd. spend on research and development?
Huadi International Group Co., Ltd. (HUDI) invested $2.2M in research and development during fiscal year 2025.
What is Huadi International Group Co., Ltd.'s current ratio?
Huadi International Group Co., Ltd. (HUDI) had a current ratio of 2.89 as of fiscal year 2025, which is generally considered healthy.
What is Huadi International Group Co., Ltd.'s debt-to-equity ratio?
Huadi International Group Co., Ltd. (HUDI) had a debt-to-equity ratio of 0.11 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Huadi International Group Co., Ltd.'s return on assets (ROA)?
Huadi International Group Co., Ltd. (HUDI) had a return on assets of -1.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Huadi International Group Co., Ltd.'s P/E ratio?
Huadi International Group Co., Ltd. (HUDI) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $9.6M as of Oct 16, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Huadi International Group Co., Ltd.'s price-to-sales ratio?
Huadi International Group Co., Ltd. (HUDI) trades at 0.2x sales, its market capitalization divided by revenue of $62.9M revenue, FY2025. The market capitalization is $9.6M as of Oct 16, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Huadi International Group Co., Ltd.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Huadi International Group Co., Ltd. (HUDI) held $19.3M in cash, cash equivalents and investments, and reported an operating cash outflow of $8.5M over that year. Dividing the one by the other, the reported balance equals about 27 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Huadi International Group Co., Ltd.'s Altman Z-Score?
Huadi International Group Co., Ltd. (HUDI) has an Altman Z-Score of 1.24, placing it in the Distress Zone (elevated 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 Huadi International Group Co., Ltd.'s Piotroski F-Score?
Huadi International Group Co., Ltd. (HUDI) has a Piotroski F-Score of 1 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 Huadi International Group Co., Ltd.'s earnings high quality?
Huadi International Group Co., Ltd. (HUDI) reported a net loss of $1.4M while operations used $8.5M of cash. With neither figure positive, 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 Huadi International Group Co., Ltd. cover its interest payments?
Huadi International Group Co., Ltd. (HUDI) reported an operating loss of $2.9M against $195K 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 Huadi International Group Co., Ltd.?
Huadi International Group Co., Ltd. (HUDI) 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.