Jerash Hldgs Us Inc Financials
Jerash Hldgs Us Inc (JRSH) reported $166.3M in revenue for fiscal year 2026, up 14.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 10 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).
Jerash’s earnings rebound is being constrained by a cash-hungry operating model that ties recovery to inventory and reinvestment.
FY2026 returned to positive net income at$3.6M , yet free cash flow dropped to-$2.6M , showing that the recovery reached reported earnings faster than spendable cash. That disconnect was driven by capital spending of$5.1M against operating cash flow of only$2.5M , while cash has steadily fallen since FY2022.
The margin picture suggests a partial recovery, not a full reset: gross margin improved to
The balance sheet is still liquid, with a current ratio of 2.7x even though inventory sits near
Financial Health Signals
Scored against operating companies for FY2026. 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 Jerash Hldgs Us Inc'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.
Jerash Hldgs Us Inc has an operating margin of 3.8%, meaning the company retains $4 of operating profit per $100 of revenue. This results in a moderate score of 42/100, indicating healthy but not exceptional operating efficiency. This is up from 1.0% the prior year.
Jerash Hldgs Us Inc's revenue grew 14.0% year-over-year to $166.3M, a solid pace of expansion. This earns a growth score of 81/100.
Jerash Hldgs Us Inc carries a low D/E ratio of 0.04, meaning only $0.04 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.70, Jerash Hldgs Us Inc holds $2.70 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 73/100.
While Jerash Hldgs Us Inc generated $2.5M in operating cash flow, capex of $5.1M consumed most of it, leaving -$2.6M in free cash flow. This results in a low score of 28/100, reflecting heavy capital investment rather than weak cash generation.
Jerash Hldgs Us Inc's ROE of 5.6% shows moderate profitability relative to equity, earning a score of 47/100. This is up from -1.3% the prior year.
Jerash Hldgs Us Inc scores 4.86, 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.
Jerash Hldgs Us Inc 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, Jerash Hldgs Us Inc generates $0.69 in operating cash flow ($2.5M OCF vs $3.6M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Jerash Hldgs Us Inc earns $3.89 in operating income for every $1 of interest expense ($6.3M vs $1.6M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Jerash Hldgs Us Inc generated $166.3M in revenue in fiscal year 2026. This represents an increase of 14.0% from the prior year.
Jerash Hldgs Us Inc's EBITDA was $6.8M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 255.1% from the prior year.
Jerash Hldgs Us Inc reported $3.6M in net income in fiscal year 2026. This represents an increase of 531.9% from the prior year.
Jerash Hldgs Us Inc earned $0.27 per diluted share (EPS) in fiscal year 2026. This represents an increase of 485.7% from the prior year.
Cash & Balance Sheet
Jerash Hldgs Us Inc recorded an outflow of $2.6M in free cash flow in fiscal year 2026, representing a cash shortfall after capex. This represents a decrease of 737.0% from the prior year.
Jerash Hldgs Us Inc held $10.8M in cash against $2.8M in long-term debt as of fiscal year 2026.
Jerash Hldgs Us Inc paid $0.20 per share in dividends in fiscal year 2026. That is unchanged from the prior year.
Margins & Returns
Jerash Hldgs Us Inc's gross margin was 16.1% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 0.8 percentage points from the prior year.
Jerash Hldgs Us Inc's operating margin was 3.8% in fiscal year 2026, reflecting core business profitability. This is up 2.8 percentage points from the prior year.
Jerash Hldgs Us Inc's net profit margin was 2.2% in fiscal year 2026, showing the share of revenue converted to profit. This is up 2.8 percentage points from the prior year.
Jerash Hldgs Us Inc's ROE was 5.6% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 6.9 percentage points from the prior year.
Capital Allocation
Jerash Hldgs Us Inc invested $5.1M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 439.2% from the prior year.
Not reported for fiscal year 2026.
Not reported for fiscal year 2026.
JRSH 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 | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $176.9M | $166.3M+14.0% | $145.8M+24.4% | $117.2M-15.1% | $138.1M-3.7% | $143.4M+58.9% | $90.2M-3.0% | $93.0M+9.5% | $85.0M+22.6% | $69.3M+11.7% | $62.0M |
| Cost of Revenue | $147.9M | $139.5M+12.9% | $123.5M+23.1% | $100.3M-13.8% | $116.3M+0.2% | $116.0M+56.3% | $74.2M-1.1% | $75.0M+13.3% | $66.2M+29.0% | $51.3M+10.1% | $46.6M |
| Gross Profit | $29.0M | $26.8M+20.0% | $22.3M+32.0% | $16.9M-22.4% | $21.8M-20.3% | $27.3M+70.8% | $16.0M-11.0% | $18.0M-4.2% | $18.8M+4.6% | $18.0M+16.6% | $15.4M |
| SG&A Expenses | $20.0M | $19.6M+2.3% | $19.1M+15.3% | $16.6M-2.2% | $17.0M+6.7% | $15.9M+50.7% | $10.5M+5.0% | $10.0M+13.6% | $8.8M+47.2% | $6.0M+27.6% | $4.7M |
| Operating Income | $8.0M | $6.3M+337.3% | $1.4M+317.6% | -$665K-115.1% | $4.4M-57.9% | $10.5M+94.7% | $5.4M-29.7% | $7.7M+20.7% | $6.3M-46.4% | $11.8M+10.6% | $10.7M |
| Interest Expense | $1.8M | $1.6M-5.5% | $1.7M+42.9% | $1.2M+56.7% | $768K+264.8% | $211K | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $1.2M | $1.1M+13.0% | $991K+47.4% | $672K-59.6% | $1.7M-34.1% | $2.5M+87.6% | $1.3M+14.6% | $1.2M-6.8% | $1.3M-9.9% | $1.4M | N/A |
| Net Income | $5.0M | $3.6M+531.9% | -$840K+58.9% | -$2.0M-184.4% | $2.4M-69.4% | $7.9M+90.8% | $4.1M-35.9% | $6.5M+26.7% | $5.1M-50.9% | $10.4M-2.6% | $10.7M |
| EPS (Diluted) | — | $0.27+485.7% | -$0.07+56.3% | -$0.16-184.2% | $0.19-71.6% | $0.67+81.1% | $0.37-35.1% | $0.57+26.7% | $0.45-57.9% | $1.07 | N/A |
Not reported in any period shown, so not listed: R&D Expenses.
TTM is the trailing twelve months, Q2 FY2026 through Q1 FY2027, 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.
JRSH Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $89.9M+8.3% | $83.0M+3.4% | $80.2M-4.1% | $83.7M-1.9% | $85.3M+16.5% | $73.2M+8.6% | $67.5M+13.9% | $59.3M+36.9% | $43.3M+27.6% | $33.9M |
| Current Assets | $58.4M+7.3% | $54.4M+6.9% | $50.9M-11.1% | $57.3M-18.0% | $69.9M+8.1% | $64.7M+9.6% | $59.0M+6.6% | $55.4M+50.2% | $36.9M+21.8% | $30.3M |
| Cash & Equivalents | $10.8M-19.3% | $13.3M+7.4% | $12.4M-30.2% | $17.8M-29.3% | $25.2M+19.2% | $21.1M-19.2% | $26.1M-3.9% | $27.2M+216.2% | $8.6M+135.3% | $3.7M |
| Inventory | $30.0M+8.1% | $27.7M+1.7% | $27.2M-16.6% | $32.7M+15.6% | $28.3M+12.9% | $25.0M+10.6% | $22.6M+7.4% | $21.1M+3.8% | $20.3M+6.0% | $19.2M |
| Accounts Receivable | $5.7M+84.5% | $3.1M-43.2% | $5.4M+141.8% | $2.2M-79.7% | $11.0M-8.2% | $12.0M+125.5% | $5.3M+32.7% | $4.0M-23.4% | $5.2M+89.0% | $2.8M |
| Goodwill | $499K0.0% | $499K0.0% | $499K0.0% | $499K0.0% | $499K | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $24.9M+24.1% | $20.1M+27.1% | $15.8M+2.1% | $15.5M-3.3% | $16.0M-5.0% | $16.9M+32.4% | $12.7M+41.6% | $9.0M-2.4% | $9.2M-22.5% | $11.9M |
| Current Liabilities | $21.6M+9.2% | $19.8M+34.1% | $14.8M+2.3% | $14.4M+2.2% | $14.1M-4.7% | $14.8M+36.7% | $10.9M+43.0% | $7.6M-4.3% | $7.9M-33.3% | $11.9M |
| Long-Term Debt | $2.8M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $64.8M+3.1% | $62.8M-2.4% | $64.4M-5.6% | $68.2M-1.5% | $69.3M+22.9% | $56.4M+3.6% | $54.4M+9.0% | $50.0M+48.0% | $33.7M+55.5% | $21.7M |
| Retained Earnings | $39.4M+2.6% | $38.4M-7.9% | $41.7M-9.7% | $46.2M | N/A | N/A | N/A | $34.8M+12.4% | $30.9M+50.7% | $20.5M |
JRSH 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 | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $11.5M | $2.5M+82.8% | $1.4M-45.1% | $2.5M-77.0% | $10.8M+20.6% | $9.0M+698.1% | -$1.5M-121.7% | $6.9M-29.3% | $9.8M+89.3% | $5.2M-32.7% | $7.7M |
| Capital Expenditures | $4.8M | $5.1M+439.2% | $951K-23.4% | $1.2M+71.7% | $723K-75.5% | $3.0M+231.9% | $890K-81.0% | $4.7M+491.4% | $791K-9.9% | $878K+78.6% | $492K |
| Free Cash Flow | $6.7M | -$2.6M-737.0% | $414K-66.7% | $1.2M-87.7% | $10.1M+67.8% | $6.0M+351.5% | -$2.4M-206.9% | $2.2M-75.1% | $9.0M+109.6% | $4.3M-40.4% | $7.2M |
| Investing Cash Flow | -$5.8M | -$5.8M-144.5% | -$2.4M+53.9% | -$5.1M+62.7% | -$13.8M-58.8% | -$8.7M-869.9% | -$894K+81.9% | -$4.9M-208.0% | -$1.6M-195.8% | -$541K+34.7% | -$829K |
| Financing Cash Flow | $897K | $671K-67.3% | $2.1M+184.6% | -$2.4M+38.6% | -$4.0M-220.2% | $3.3M+298.8% | -$1.7M+43.2% | -$2.9M-139.0% | $7.5M+116.7% | $3.4M+157.4% | -$6.0M |
| Dividends Paid | $2.5M | $2.5M+3.3% | $2.5M0.0% | $2.5M-1.0% | $2.5M+5.0% | $2.4M+4.5% | $2.3M0.0% | $2.3M+100.0% | $1.1M | $0-100.0% | $5.3M |
| Share Buybacks | N/A | N/A | N/A | N/A | $1.2M | N/A | N/A | N/A | N/A | N/A | N/A |
TTM is the trailing twelve months, Q2 FY2026 through Q1 FY2027, 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.
JRSH Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 16.1%+0.8pp | 15.3%+0.9pp | 14.4%-1.4pp | 15.8%-3.3pp | 19.1%+1.3pp | 17.7%-1.6pp | 19.3%-2.8pp | 22.1%-3.8pp | 25.9%+1.1pp | 24.8% |
| Operating Margin | 3.8%+2.8pp | 1.0%+1.6pp | -0.6%-3.8pp | 3.2%-4.1pp | 7.3%+1.3pp | 6.0%-2.3pp | 8.2%+0.8pp | 7.5%-9.6pp | 17.1%-0.2pp | 17.2% |
| Net Margin | 2.2%+2.8pp | -0.6%+1.2pp | -1.7%-3.5pp | 1.8%-3.8pp | 5.5%+0.9pp | 4.6%-2.4pp | 7.0%+0.9pp | 6.0%-9.0pp | 15.0%-2.2pp | 17.2% |
| Return on Equity | 5.6%+6.9pp | -1.3%+1.8pp | -3.2%-6.7pp | 3.5%-7.9pp | 11.4%+4.1pp | 7.4%-4.5pp | 11.9%+1.7pp | 10.2%-20.6pp | 30.9%-18.4pp | 49.3% |
| Return on Assets | 4.0%+5.0pp | -1.0%+1.5pp | -2.5%-5.4pp | 2.9%-6.4pp | 9.3%+3.6pp | 5.7%-3.9pp | 9.6%+1.0pp | 8.6%-15.4pp | 24.1%-7.5pp | 31.5% |
| Current Ratio | 2.700.0x | 2.75-0.7x | 3.45-0.5x | 3.97-1.0x | 4.94+0.6x | 4.36-1.1x | 5.44-1.9x | 7.30+2.6x | 4.65+2.1x | 2.55 |
| Debt-to-Equity | 0.04-0.3x | 0.32+0.1x | 0.250.0x | 0.230.0x | 0.23-0.1x | 0.30+0.1x | 0.23+0.1x | 0.18-0.1x | 0.27-0.3x | 0.55 |
| FCF Margin | -1.6%-1.9pp | 0.3%-0.8pp | 1.1%-6.2pp | 7.3%+3.1pp | 4.2%+6.8pp | -2.6%-5.1pp | 2.4%-8.2pp | 10.6%+4.4pp | 6.2%-5.4pp | 11.6% |
Similar Companies
Where Jerash Hldgs Us Inc Ranks
Frequently Asked Questions
What is Jerash Hldgs Us Inc's annual revenue?
Jerash Hldgs Us Inc (JRSH) reported $166.3M in total revenue for fiscal year 2026. This represents a 14.0% 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 Jerash Hldgs Us Inc's revenue growing?
Jerash Hldgs Us Inc (JRSH) revenue grew by 14.0% year-over-year, from $145.8M to $166.3M in fiscal year 2026.
Is Jerash Hldgs Us Inc profitable?
Yes, Jerash Hldgs Us Inc (JRSH) reported a net income of $3.6M in fiscal year 2026, with a net profit margin of 2.2%.
What is Jerash Hldgs Us Inc's EBITDA?
Jerash Hldgs Us Inc (JRSH) had EBITDA of $6.8M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Jerash Hldgs Us Inc have?
As of fiscal year 2026, Jerash Hldgs Us Inc (JRSH) had $10.8M in cash and equivalents against $2.8M in long-term debt.
What is Jerash Hldgs Us Inc's gross margin?
Jerash Hldgs Us Inc (JRSH) had a gross margin of 16.1% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Jerash Hldgs Us Inc's operating margin?
Jerash Hldgs Us Inc (JRSH) had an operating margin of 3.8% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Jerash Hldgs Us Inc's net profit margin?
Jerash Hldgs Us Inc (JRSH) had a net profit margin of 2.2% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
Does Jerash Hldgs Us Inc pay dividends?
Yes, Jerash Hldgs Us Inc (JRSH) paid $0.20 per share in dividends during fiscal year 2026.
What is Jerash Hldgs Us Inc's return on equity (ROE)?
Jerash Hldgs Us Inc (JRSH) has a return on equity of 5.6% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Jerash Hldgs Us Inc's free cash flow?
Jerash Hldgs Us Inc (JRSH) recorded an outflow of $2.6M in free cash flow during fiscal year 2026. This represents a -737.0% 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 Jerash Hldgs Us Inc's operating cash flow?
Jerash Hldgs Us Inc (JRSH) generated $2.5M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Jerash Hldgs Us Inc's total assets?
Jerash Hldgs Us Inc (JRSH) had $89.9M in total assets as of fiscal year 2026, including both current and long-term assets.
What are Jerash Hldgs Us Inc's capital expenditures?
Jerash Hldgs Us Inc (JRSH) invested $5.1M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is Jerash Hldgs Us Inc's current ratio?
Jerash Hldgs Us Inc (JRSH) had a current ratio of 2.70 as of fiscal year 2026, which is generally considered healthy.
What is Jerash Hldgs Us Inc's debt-to-equity ratio?
Jerash Hldgs Us Inc (JRSH) had a debt-to-equity ratio of 0.04 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Jerash Hldgs Us Inc's return on assets (ROA)?
Jerash Hldgs Us Inc (JRSH) had a return on assets of 4.0% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Jerash Hldgs Us Inc's Altman Z-Score?
Jerash Hldgs Us Inc (JRSH) has an Altman Z-Score of 4.86, 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 Jerash Hldgs Us Inc's Piotroski F-Score?
Jerash Hldgs Us Inc (JRSH) 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 Jerash Hldgs Us Inc's earnings high quality?
Jerash Hldgs Us Inc (JRSH) has an earnings quality ratio of 0.69x, 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 Jerash Hldgs Us Inc cover its interest payments?
Jerash Hldgs Us Inc (JRSH) has an interest coverage ratio of 3.89x, meaning it can adequately 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 Jerash Hldgs Us Inc?
Jerash Hldgs Us Inc (JRSH) 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.