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Wetouch Technology Inc (WETH) Financials

WETH
FY2025 annual
Revenue $45.1M +6.8% YoY
Net Income $7.2M +18.7% YoY
EPS (Diluted) $0.60 +15.4% YoY
Free Cash Flow $7.1M +786.7% YoY
Market Cap $16.1M as of Sep 3, 2026
Price / Sales 0.3x on $47.7M revenue, trailing 12 months to June 30, 2026
Price / Earnings 1.9x on $8.4M net income, trailing 12 months to June 30, 2026
Price / Book 0.1x on $148.8M equity, Q2 FY2026

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 Sep 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the WETH SEC filings page.

Wetouch Technology Inc (WETH) reported $45.1M in revenue for fiscal year 2025, up 6.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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 WETH FY2025

Revenue recovery is being paired with a structurally lower-margin profile, while cash generation remains uneven against a lightly leveraged balance sheet.

Free cash flow swung from $797K in FY2024 to $7.1M in FY2025, a much larger improvement than the earnings recovery alone would suggest. Because operating cash flow recovered in the same direction, the FY2024 weakness looks like a temporary cash-conversion interruption rather than a persistent earnings-cash gap.

Revenue rose 6.8% in FY2025 while operating margin was essentially unchanged at 22.1%, so the earnings rebound was not driven by richer unit economics. Net margin improved from 14.3% to 15.9%, meaning the bottom-line recovery exceeded the small operating-margin change, although the reported fields do not identify the precise bridge.

By FY2025, total liabilities were $3.2M against $137.4M of equity, indicating operations are funded overwhelmingly by equity rather than obligations. The 38.9x current ratio underscores substantial short-term liquidity, but the asset base has roughly doubled since FY2021 while revenue expanded only modestly, pointing to weaker asset productivity.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 77 / 100
Financial Health Score 77/100

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 Wetouch Technology 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.

Profitability
84

Wetouch Technology Inc has an operating margin of 22.1%, meaning the company retains $22 of operating profit per $100 of revenue. This strong profitability earns a score of 84/100, reflecting efficient cost management and pricing power. This is up from 22.0% the prior year.

Growth
56

Wetouch Technology Inc's revenue grew 6.8% year-over-year to $45.1M, a solid pace of expansion. This earns a growth score of 56/100.

Leverage
87

Wetouch Technology Inc carries a low D/E ratio of 0.02, meaning only $0.02 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 87/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
100

With a current ratio of 38.88, Wetouch Technology Inc holds $38.88 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow
75

Wetouch Technology Inc converts 15.7% of revenue into free cash flow ($7.1M). This strong cash generation earns a score of 75/100.

Returns
60

Wetouch Technology Inc's ROE of 5.2% shows moderate profitability relative to equity, earning a score of 60/100. This is up from 4.8% the prior year.

Altman Z-Score Safe
5.39

Wetouch Technology Inc scores 5.39, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($16.1M) relative to total liabilities ($3.2M). 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.

Piotroski F-Score Partial
6/8

Wetouch Technology Inc passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed
1.03x

For every $1 of reported earnings, Wetouch Technology Inc generates $1.03 in operating cash flow ($7.4M OCF vs $7.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$14.0M
YoY+12.7%
QoQ-14.2%
5Y CAGR-1.7%

Wetouch Technology Inc generated $14.0M in revenue in Q2 2026. This represents an increase of 12.7% from the same quarter a year earlier. Against the prior quarter it is down 14.2%.

EBITDA
$3.2M
YoY+2.6%
QoQ-37.9%
5Y CAGR-15.1%

Wetouch Technology Inc's EBITDA was $3.2M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 2.6% from the same quarter a year earlier. Against the prior quarter it is down 37.9%.

Net Income
$2.2M
YoY-3.5%
QoQ-44.0%
5Y CAGR-15.6%

Wetouch Technology Inc reported $2.2M in net income in Q2 2026. This represents a decrease of 3.5% from the same quarter a year earlier. Against the prior quarter it is down 44.0%.

EPS (Diluted)
$0.18
YoY-5.3%
QoQ-43.8%
5Y CAGR-2.1%

Wetouch Technology Inc earned $0.18 per diluted share (EPS) in Q2 2026. This represents a decrease of 5.3% from the same quarter a year earlier. Against the prior quarter it is down 43.8%.

Cash & Balance Sheet

Cash & Debt
$127.5M
YoY+15.4%
QoQ+5.8%
5Y CAGR+19.4%

Wetouch Technology Inc held $127.5M in cash as of Q2 2026; long-term debt is not reported for that period.

Shares Outstanding
13M
YoY+12.2%
QoQ+12.2%
5Y CAGR-15.9%

Wetouch Technology Inc had 13M shares outstanding in Q2 2026. This represents an increase of 12.2% from the same quarter a year earlier. Against the prior quarter it is up 12.2%.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin
34.9%
YoY+1.8pp
QoQ-0.8pp
5Y CAGR-17.0pp

Wetouch Technology Inc's gross margin was 34.9% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 1.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.8 percentage points.

Operating Margin
22.6%
YoY-2.2pp
QoQ-8.6pp
5Y CAGR-22.9pp

Wetouch Technology Inc's operating margin was 22.6% in Q2 2026, reflecting core business profitability. This is down 2.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 8.6 percentage points.

Net Margin
15.5%
YoY-2.6pp
QoQ-8.2pp
5Y CAGR-17.8pp

Wetouch Technology Inc's net profit margin was 15.5% in Q2 2026, showing the share of revenue converted to profit. This is down 2.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 8.2 percentage points.

Return on Equity
1.5%
YoY-0.3pp
QoQ-1.3pp
5Y CAGR-6.8pp

Wetouch Technology Inc's ROE was 1.5% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.3 percentage points.

Capital Allocation

None of these metrics is reported for Q2 2026.

WETH 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.

WETH quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$14.0M+12.7%$16.3M+6.7%$5.2M+44.6%$12.2M+5.6%$12.4M+1.5%$15.3M+2.8%$3.6M+52.9%$11.5M+3.7%
Cost of Revenue$9.1M+9.7%$10.5M+8.7%$4.6M+73.4%$8.2M+15.5%$8.3M+12.7%$9.6M-16.4%$2.7M+18.0%$7.1M+11.9%
Gross Profit$4.9M+18.8%$5.8M+3.2%$639K-34.3%$4.0M-10.3%$4.1M-15.4%$5.6M+69.0%$972K+703.2%$4.4M-7.1%
R&D ExpensesN/AN/AN/AN/AN/AN/AN/A$44K+113.1%
SG&A Expenses$533K-41.7%$579K-63.0%$646K-55.6%$709K-5.5%$914K+13.9%$1.6M+195.3%$1.5M-24.2%$750K+264.4%
Operating Income$3.2M+2.7%$5.1M+28.0%-$216K-10.2%$3.1M-10.2%$3.1M-17.2%$4.0M+72.4%-$196K+90.4%$3.5M-18.7%
EBITDA$3.2M+2.6%$5.1M+28.2%-$199K-2.8%$3.1M-10.3%$3.1M-17.2%$4.0M+72.3%-$193K+90.5%$3.5M-18.7%
Income Tax$1.0M+16.9%$1.2M-15.5%$15K+117.9%$636K-35.1%$877K-20.2%$1.5M+122.3%-$83K-206.3%$979K-14.7%
Net Income$2.2M-3.5%$3.9M+50.9%-$171K-255.8%$2.5M-5.0%$2.2M-17.0%$2.6M+358.6%$110K+105.3%$2.7M-6.9%
EPS (Basic)$0.18-5.3%$0.32+52.4%-$0.01-200.0%$0.21-4.5%$0.19-17.4%$0.21+425.0%$0.01+104.2%$0.22-24.1%
EPS (Diluted)$0.18-5.3%$0.32+52.4%-$0.01$0.21-4.5%$0.19-17.4%$0.21+425.0%$0.01+104.2%$0.22-24.1%
Diluted Shares (Avg)12M+2.8%12M0.0%N/A12M-0.4%12M-0.4%12M-10.9%N/A12M+22.3%

Not reported in any period shown, so not listed: Interest Expense.

WETH 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.

WETH quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$152.6M+11.4%$147.3M+10.2%$140.6M+9.9%$139.9M+5.1%$137.0M+8.8%$133.7M+8.6%$128.0M+7.0%$133.1M+11.5%
Current Assets$138.0M+12.0%$132.7M+10.8%$126.1M+10.5%$125.2M+4.3%$123.2M+8.8%$119.8M+8.9%$114.1M+6.9%$120.0M+10.0%
Cash & Equivalents$127.5M+15.4%$120.5M+13.3%$118.4M+14.1%$113.2M+6.0%$110.5M+12.3%$106.4M+12.2%$103.8M+5.8%$106.7M+13.6%
Short-Term Investments$0$0$0$0$0$0$0$0
Inventory$9K-93.7%$29K-80.2%$45K-59.8%$47K-75.0%$146K-18.7%$147K-20.6%$112K-49.4%$187K-8.1%
Accounts Receivable$9.3M+43.4%$11.1M-0.4%$6.5M-13.3%$10.8M+11.0%$6.5M-39.9%$11.1M$7.5M+0.7%$9.7M-30.1%
Long-Term Investments$0$0$0$0$0$0$0$0
Total Liabilities$3.8M-26.6%$4.1M-29.0%$3.2M-5.5%$4.7M+29.2%$5.2M+51.4%$5.8M+122.3%$3.4M-48.9%$3.7M-52.5%
Current Liabilities$3.8M-23.6%$4.1M-24.4%$3.2M+9.9%$4.7M+35.8%$5.0M+61.0%$5.4M+143.3%$3.0M-53.5%$3.5M-52.9%
Non-Current Liabilities$0-100.0%$0-100.0%$0-100.0%$52K-76.0%$204K-38.6%$353K-4.8%$483K+27.5%$215K-43.7%
Total Equity$148.8M+12.9%$143.2M+12.0%$137.4M+10.3%$135.2M+4.4%$131.8M+7.6%$127.9M+6.1%$124.6M+10.3%$129.5M+15.9%
Retained Earnings$87.8M+10.6%$85.7M+11.0%$81.8M+9.6%$82.0M+8.7%$79.4M+9.2%$77.2M+10.2%$74.6M+7.4%$75.4M+3.7%

Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.

WETH 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.

WETH quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow$4.9M+87.7%$520K-74.5%-$1.1M-160.4%$3.8M-17.0%$2.6M-32.1%$2.0M+122.1%$1.8M-51.2%$4.6M+104.1%
Depreciation & Amortization$346-86.1%$9K+265.0%$9K+250.2%$348-86.1%$2K+4.8%$2K+6.7%$2K+4129.0%$3K+9.4%
Stock-Based Compensation$1.0MN/AN/AN/AN/AN/AN/AN/A
Capital ExpendituresN/AN/AN/AN/AN/AN/A$153K$4K
Free Cash FlowN/AN/AN/AN/AN/AN/A$1.7M$4.6M
Investing Cash FlowN/AN/AN/AN/AN/AN/A-$153K-$4K
Financing Cash FlowN/AN/AN/AN/AN/AN/A-$435K$171K+267.0%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

WETH 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.

WETH quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Gross Margin34.9%+1.8pp35.7%-1.2pp12.2%-14.6pp32.7%-5.8pp33.1%-6.6pp36.9%+14.5pp26.8%+21.7pp38.5%-4.5pp
Operating Margin22.6%-2.2pp31.2%+5.2pp-4.1%+1.3pp25.7%-4.5pp24.8%-5.6pp26.0%+10.5pp-5.4%+80.1pp30.2%-8.3pp
Net Margin15.5%-2.6pp23.7%+6.9pp-3.3%-6.3pp20.8%-2.3pp18.1%-4.0pp16.8%+13.0pp3.0%+89.8pp23.1%-2.6pp
Return on Equity1.5%-0.3pp2.7%+0.7pp-0.1%-0.2pp1.9%-0.2pp1.7%-0.5pp2.0%+1.5pp0.1%+1.9pp2.1%-0.5pp
Return on Assets1.4%-0.2pp2.6%+0.7pp-0.1%-0.2pp1.8%-0.2pp1.6%-0.5pp1.9%+1.5pp0.1%+1.8pp2.0%-0.4pp
Current Ratio35.99+11.4x32.24+10.2x38.88+0.2x26.69-8.1x24.56-11.8x22.01-27.2x38.68+21.8x34.75+19.9x
Debt-to-Equity0.030.0x0.030.0x0.020.0x0.040.0x0.040.0x0.050.0x0.030.0x0.030.0x
Asset Turnover0.090.0x0.110.0x0.040.0x0.090.0x0.090.0x0.110.0x0.030.0x0.090.0x
FCF MarginN/AN/AN/AN/AN/AN/A45.8%39.8%

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
Wetouch Technology Inc WETH FY2025 $45.1M $7.2M 15.9% $16.1M 77/100
La Rosa Holdings Corp LRHC FY2025 $68.5M -$30.5M -44.6% $1.4M 4/100
Avalon Globocare Corp ALBT FY2025 N/A -$18.3M N/A $3.7M
Fangdd Network Group Ltd. DUO FY2025 $50.7M -$12.1M -23.9% $21.4M 5/100
Ohmyhome Limited OMH FY2025 $9.5M -$7.2M -75.2% $5.4M 2/100

Frequently Asked Questions

What is Wetouch Technology Inc's annual revenue?

Wetouch Technology Inc (WETH) reported $45.1M in total revenue for fiscal year 2025. This represents a 6.8% 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 Wetouch Technology Inc's revenue growing?

Wetouch Technology Inc (WETH) revenue grew by 6.8% year-over-year, from $42.3M to $45.1M in fiscal year 2025.

Is Wetouch Technology Inc profitable?

Yes, Wetouch Technology Inc (WETH) reported a net income of $7.2M in fiscal year 2025, with a net profit margin of 15.9%.

Wetouch Technology Inc (WETH) reported diluted earnings per share of $0.60 for fiscal year 2025. This represents a 15.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Wetouch Technology Inc (WETH) had EBITDA of $10.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Wetouch Technology Inc (WETH) had a gross margin of 31.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Wetouch Technology Inc (WETH) had an operating margin of 22.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Wetouch Technology Inc (WETH) had a net profit margin of 15.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Wetouch Technology Inc (WETH) has a return on equity of 5.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Wetouch Technology Inc (WETH) generated $7.1M in free cash flow during fiscal year 2025. This represents a 786.7% 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.

Wetouch Technology Inc (WETH) generated $7.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Wetouch Technology Inc (WETH) had $140.6M in total assets as of fiscal year 2025, including both current and long-term assets.

Wetouch Technology Inc (WETH) invested $322K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Wetouch Technology Inc (WETH) had 12M shares outstanding as of fiscal year 2025.

Wetouch Technology Inc (WETH) had a current ratio of 38.88 as of fiscal year 2025, which is generally considered healthy.

Wetouch Technology Inc (WETH) had a debt-to-equity ratio of 0.02 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Wetouch Technology Inc (WETH) had a return on assets of 5.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Wetouch Technology Inc (WETH) trades at 1.9x earnings, its market capitalization divided by net income of $8.4M net income, trailing 12 months to June 30, 2026. The market capitalization is $16.1M as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Wetouch Technology Inc (WETH) trades at 0.3x sales, its market capitalization divided by revenue of $47.7M revenue, trailing 12 months to June 30, 2026. The market capitalization is $16.1M as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Wetouch Technology Inc (WETH) has an Altman Z-Score of 5.39, 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.

Wetouch Technology Inc (WETH) 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.

Wetouch Technology Inc (WETH) has an earnings quality ratio of 1.03x, 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.

Wetouch Technology Inc (WETH) scores 77 out of 100 on our Financial Health Score, indicating strong 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.

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