Mingteng International Financials

MTEN

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Mingteng International (MTEN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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).

Rhea AI MTEN FY2025 2026-04-30

Revenue growth is being offset by a sharp margin reset, leaving the business more reliant on external funding than internal cash.

By FY2025 revenue reached $11.7M, yet gross margin had fallen to 22.5%. Compared with 48.8% in FY2022, that margin reset means the larger revenue base is no longer carrying overhead the way it once did. After FY2024’s SG&A spike, FY2025 EBITDA returned to $184K, but operating cash flow was still -$104K, showing that reported operating improvement has not yet turned into cash generation.

FY2025 looks like a balance-sheet buildout: assets reached $31.3M while investing outflow was $16.1M. Because operations did not fund that expansion, the company leaned on financing inflows, making recent growth more capital-supplied than self-financed.

Short-term flexibility tightened as the current ratio fell to 1.2x in FY2025, with cash at only $1.45M. With receivables at $4.96M, working capital is tied up in customer collection rather than sitting as cash already available.

Financial Health Signals

Financial Profile 32/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Mingteng International'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.

Profitability

Mingteng International has an operating margin of -3.6%, meaning the company retains $-4 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -50.5% the prior year.

Growth

Mingteng International's revenue surged 15.3% year-over-year to $11.7M, reflecting rapid business expansion. This strong growth earns a score of 65/100.

Leverage

Mingteng International carries a low D/E ratio of 0.42, meaning only $0.42 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 94/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Mingteng International's current ratio of 1.19 is below the typical benchmark, resulting in a score of 19/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

While Mingteng International generated -$104K in operating cash flow, capex of $1.0M consumed most of it, leaving -$1.1M in free cash flow. This results in a low score of 12/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Mingteng International generates a -8.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -67.2% the prior year.

Piotroski F-Score Weak

2/9

Mingteng International passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality

0.06x

For every $1 of reported earnings, Mingteng International generates $0.06 in operating cash flow (-$104K OCF vs -$1.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-10.9x

Mingteng International earns $-10.9 in operating income for every $1 of interest expense (-$423K vs $39K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$11.7M

YoY+15.3%

Mingteng International generated $11.7M in revenue in fiscal year 2025. This represents an increase of 15.3% from the prior year.

EBITDA

$184K

YoY+104.0%

Mingteng International's EBITDA was $184K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 104.0% from the prior year.

Net Income

-$1.8M

YoY+68.5%

Mingteng International reported -$1.8M in net income in fiscal year 2025. This represents an increase of 68.5% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

-$1.1M

YoY-70.6%

Mingteng International generated -$1.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 70.6% from the prior year.

Cash & Debt

$1.5M

YoY-30.2%

Mingteng International held $1.5M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

20M

YoY+196.1%

Mingteng International had 20M shares outstanding in fiscal year 2025. This represents an increase of 196.1% from the prior year.

Margins & Returns

Gross Margin

22.5%

YoY-7.8pp

Mingteng International's gross margin was 22.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 7.8 percentage points from the prior year.

Operating Margin

-3.6%

YoY+46.9pp

Mingteng International's operating margin was -3.6% in fiscal year 2025, reflecting core business profitability. This is up 46.9 percentage points from the prior year.

Net Margin

-15.3%

YoY+40.8pp

Mingteng International's net profit margin was -15.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 40.8 percentage points from the prior year.

Return on Equity

-8.1%

YoY+59.1pp

Mingteng International's ROE was -8.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 59.1 percentage points from the prior year.

Capital Allocation

R&D Spending

$778K

YoY+22.7%

Mingteng International invested $778K in research and development in fiscal year 2025. This represents an increase of 22.7% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$1.0M

YoY+6.4%

Mingteng International invested $1.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 6.4% from the prior year.

MTEN Income Statement

Metric	FY25	FY24	FY23	FY22
Revenue	$11.7M+15.3%	$10.1M+23.0%	$8.2M+2.5%	$8.0M
Cost of Revenue	$9.0M+28.2%	$7.1M+43.9%	$4.9M+19.2%	$4.1M
Gross Profit	$2.6M-14.4%	$3.1M-7.7%	$3.3M-15.1%	$3.9M
R&D Expenses	$778K+22.7%	$634K+0.5%	$631K+28.1%	$493K
SG&A Expenses	$2.1M-71.6%	$7.4M+827.8%	$797K-14.0%	$927K
Operating Income	-$423K+91.7%	-$5.1M-393.4%	$1.7M-26.2%	$2.4M
Interest Expense	$39K+5.2%	$37K-38.2%	$59K+10.2%	$54K
Income Tax	$40K-50.3%	$80K-76.8%	$345K+5.3%	$327K
Net Income	-$1.8M+68.5%	-$5.7M-476.9%	$1.5M-29.4%	$2.1M
EPS (Diluted)	N/A	$-194.28-453.8%	$54.92+12672.1%	$0.43

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q4'22
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

MTEN Balance Sheet

Metric	FY25	FY24	FY23	FY22
Total Assets	$31.3M+123.9%	$14.0M+30.3%	$10.7M+6.4%	$10.1M
Current Assets	$9.9M+14.0%	$8.6M+29.7%	$6.7M+5.5%	$6.3M
Cash & Equivalents	$1.5M-30.2%	$2.1M+97.0%	$1.1M-41.1%	$1.8M
Inventory	$1.6M+31.7%	$1.2M-2.8%	$1.2M+14.7%	$1.1M
Accounts Receivable	$5.0M+19.0%	$4.2M+18.6%	$3.5M+44.8%	$2.4M
Goodwill	N/A	N/A	N/A	N/A
Total Liabilities	$9.2M+67.1%	$5.5M+68.6%	$3.3M-18.2%	$4.0M
Current Liabilities	$8.3M+57.6%	$5.3M+74.4%	$3.0M-23.1%	$3.9M
Long-Term Debt	N/A	N/A	N/A	N/A
Total Equity	$22.1M+160.9%	$8.5M+13.5%	$7.4M+22.6%	$6.1M
Retained Earnings	-$1000K-227.0%	$787K-87.8%	$6.5M+30.4%	$5.0M

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q4'22
Total Assets	$31.3M+143.9%	$12.8M-8.2%	$14.0M+0.7%	$13.9M+29.4%	$10.7M+6.4%	$10.1M
Current Assets	$9.9M+9.3%	$9.0M+4.4%	$8.6M+12.8%	$7.7M+14.9%	$6.7M+5.5%	$6.3M
Cash & Equivalents	$1.5M-17.2%	$1.8M-15.6%	$2.1M+50.6%	$1.4M+30.8%	$1.1M-41.1%	$1.8M
Inventory	$1.6M+4.9%	$1.5M+25.5%	$1.2M-11.1%	$1.3M+9.4%	$1.2M+14.7%	$1.1M
Accounts Receivable	$5.0M+26.0%	$3.9M-5.6%	$4.2M+11.2%	$3.8M+6.7%	$3.5M+44.8%	$2.4M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$9.2M+61.7%	$5.7M+3.3%	$5.5M+25.8%	$4.4M+34.0%	$3.3M-18.2%	$4.0M
Current Liabilities	$8.3M+52.4%	$5.4M+3.4%	$5.3M+26.8%	$4.2M+37.5%	$3.0M-23.1%	$3.9M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$22.1M+209.4%	$7.1M-15.7%	$8.5M-10.9%	$9.5M+27.3%	$7.4M+22.6%	$6.1M
Retained Earnings	-$1000K-75.5%	-$570K-172.4%	$787K-87.3%	$6.2M-4.1%	$6.5M+30.4%	$5.0M

MTEN Cash Flow Statement

Metric	FY25	FY24	FY23	FY22
Operating Cash Flow	-$104K-135.3%	$295K-77.3%	$1.3M-54.4%	$2.9M
Capital Expenditures	$1.0M+6.4%	$946K+24.2%	$762K-47.1%	$1.4M
Free Cash Flow	-$1.1M-70.6%	-$651K-220.9%	$538K-61.9%	$1.4M
Investing Cash Flow	-$16.1M-368.4%	-$3.4M-350.7%	-$762K+46.8%	-$1.4M
Financing Cash Flow	$15.5M+273.9%	$4.2M+432.4%	-$1.2M-854.4%	$166K
Dividends Paid	N/A	N/A	N/A	$352K
Share Buybacks	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q4'22
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

MTEN Financial Ratios

Metric	FY25	FY24	FY23	FY22
Gross Margin	22.5%-7.8pp	30.3%-10.1pp	40.4%-8.3pp	48.8%
Operating Margin	-3.6%+46.9pp	-50.5%-71.7pp	21.2%-8.2pp	29.4%
Net Margin	-15.3%+40.8pp	-56.1%-74.4pp	18.3%-8.3pp	26.6%
Return on Equity	-8.1%+59.1pp	-67.2%-87.4pp	20.2%-14.9pp	35.1%
Return on Assets	-5.7%+35.0pp	-40.7%-54.7pp	14.1%-7.1pp	21.2%
Current Ratio	1.19-0.5	1.64-0.6	2.21+0.6	1.61
Debt-to-Equity	0.42-0.2	0.65+0.2	0.44-0.2	0.66
FCF Margin	-9.5%-3.1pp	-6.4%-13.0pp	6.5%-11.1pp	17.6%

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q4'22
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.19-0.5	1.66+0.0	1.64-0.2	1.84-0.4	2.21+0.6	1.61
Debt-to-Equity	0.42-0.4	0.80+0.1	0.65+0.2	0.46+0.0	0.44-0.2	0.66
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Mingteng International's annual revenue?

Mingteng International (MTEN) reported $11.7M 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 Mingteng International's revenue growing?

Mingteng International (MTEN) revenue grew by 15.3% year-over-year, from $10.1M to $11.7M in fiscal year 2025.

Is Mingteng International profitable?

No, Mingteng International (MTEN) reported a net income of -$1.8M in fiscal year 2025, with a net profit margin of -15.3%.

What is Mingteng International's EBITDA?

Mingteng International (MTEN) had EBITDA of $184K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Mingteng International's gross margin?

Mingteng International (MTEN) had a gross margin of 22.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Mingteng International's operating margin?

Mingteng International (MTEN) had an operating margin of -3.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Mingteng International's net profit margin?

Mingteng International (MTEN) had a net profit margin of -15.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Mingteng International's return on equity (ROE)?

Mingteng International (MTEN) has a return on equity of -8.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Mingteng International's free cash flow?

Mingteng International (MTEN) generated -$1.1M in free cash flow during fiscal year 2025. This represents a -70.6% 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 Mingteng International's operating cash flow?

Mingteng International (MTEN) generated -$104K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Mingteng International's total assets?

Mingteng International (MTEN) had $31.3M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Mingteng International's capital expenditures?

Mingteng International (MTEN) invested $1.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Mingteng International spend on research and development?

Mingteng International (MTEN) invested $778K in research and development during fiscal year 2025.

How many shares does Mingteng International have outstanding?

Mingteng International (MTEN) had 20M shares outstanding as of fiscal year 2025.

What is Mingteng International's current ratio?

Mingteng International (MTEN) had a current ratio of 1.19 as of fiscal year 2025, which is considered adequate.

What is Mingteng International's debt-to-equity ratio?

Mingteng International (MTEN) had a debt-to-equity ratio of 0.42 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Mingteng International's return on assets (ROA)?

Mingteng International (MTEN) had a return on assets of -5.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Mingteng International's cash runway?

Based on fiscal year 2025 data, Mingteng International (MTEN) had $1.5M in cash against an annual operating cash burn of $104K. This gives an estimated cash runway of approximately 168 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Mingteng International's Piotroski F-Score?

Mingteng International (MTEN) has a Piotroski F-Score of 2 out of 9, indicating weak 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Mingteng International's earnings high quality?

Mingteng International (MTEN) has an earnings quality ratio of 0.06x, considered low quality (accrual-driven). 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 Mingteng International cover its interest payments?

Mingteng International (MTEN) has an interest coverage ratio of -10.9x, meaning it can struggle to 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 Mingteng International?

Mingteng International (MTEN) scores 32 out of 100 on our Financial Profile, indicating weak 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.