What is Wing Yip Food Holdings Group Ltd.'s earnings per share (EPS)?

Wing Yip Food Holdings Group Ltd. (WYHG) reported diluted earnings per share of $0.23 for fiscal year 2024. This represents a -20.7% 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.

Wing Yip Food Holdings Group Ltd. Financials

WYHG

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows Wing Yip Food Holdings Group Ltd. (WYHG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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 WYHG FY2024 2026-04-22

Wing Yip’s visible mechanic is cash-rich self-financing: profits still become cash, but a sharper reinvestment cycle now absorbs much more of it.

In FY2024, free cash flow fell to $2.4M even though operating cash flow still ran ahead of net income, because capital spending jumped to $10.1M; that points to a reinvestment cycle rather than weak earnings conversion. The important distinction is that earnings quality stayed broadly intact while cash left after investment tightened sharply versus FY2023.

FY2024’s margin compression is more revealing than the revenue gain: gross margin dropped to 31.0% from 35.1%, so higher sales came with a thinner gross spread instead of better fixed-cost absorption. With net margin also lower, the business sold more but kept less from each dollar of revenue.

The balance-sheet posture remains unusually conservative: cash of $87.9M was more than double total liabilities of $37.7M in FY2024, even after the capex increase. That helps explain why debt use is minimal and why the company could step up investment without leaning heavily on lenders.

Financial Health Signals

Financial Profile 46/100

Based on FY2024 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 Wing Yip Food Holdings Group 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.

Growth

Wing Yip Food Holdings Group Ltd.'s revenue grew 7.9% year-over-year to $144.6M, a solid pace of expansion. This earns a growth score of 42/100.

Leverage

100

Wing Yip Food Holdings Group Ltd. carries a low D/E ratio of 0.03, meaning only $0.03 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 3.57, Wing Yip Food Holdings Group Ltd. holds $3.57 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 70/100.

Cash Flow

While Wing Yip Food Holdings Group Ltd. generated $12.5M in operating cash flow, capex of $10.1M consumed most of it, leaving $2.4M in free cash flow. This results in a low score of 33/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Wing Yip Food Holdings Group Ltd. generates a 7.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 29/100. This is down from 9.8% the prior year.

Piotroski F-Score Neutral

5/9

Wing Yip Food Holdings Group Ltd. passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.11x

For every $1 of reported earnings, Wing Yip Food Holdings Group Ltd. generates $1.11 in operating cash flow ($12.5M OCF vs $11.2M 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

$144.6M

YoY+7.9%

Wing Yip Food Holdings Group Ltd. generated $144.6M in revenue in fiscal year 2024. This represents an increase of 7.9% from the prior year.

EBITDA

N/A

Net Income

$11.2M

YoY-19.7%

Wing Yip Food Holdings Group Ltd. reported $11.2M in net income in fiscal year 2024. This represents a decrease of 19.7% from the prior year.

EPS (Diluted)

$0.23

YoY-20.7%

Wing Yip Food Holdings Group Ltd. earned $0.23 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 20.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$2.4M

YoY-86.3%

Wing Yip Food Holdings Group Ltd. generated $2.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 86.3% from the prior year.

Cash & Debt

$87.9M

YoY-3.3%

Wing Yip Food Holdings Group Ltd. held $87.9M in cash against $4.3M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

50M

YoY+4.3%

Wing Yip Food Holdings Group Ltd. had 50M shares outstanding in fiscal year 2024. This represents an increase of 4.3% from the prior year.

Margins & Returns

Gross Margin

31.0%

YoY-4.2pp

Wing Yip Food Holdings Group Ltd.'s gross margin was 31.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 4.2 percentage points from the prior year.

Operating Margin

N/A

Net Margin

7.8%

YoY-2.7pp

Wing Yip Food Holdings Group Ltd.'s net profit margin was 7.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 2.7 percentage points from the prior year.

Return on Equity

7.2%

YoY-2.6pp

Wing Yip Food Holdings Group Ltd.'s ROE was 7.2% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 2.6 percentage points from the prior year.

Capital Allocation

R&D Spending

$5.0M

YoY+17.0%

Wing Yip Food Holdings Group Ltd. invested $5.0M in research and development in fiscal year 2024. This represents an increase of 17.0% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$10.1M

YoY+4554.4%

Wing Yip Food Holdings Group Ltd. invested $10.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 4554.4% from the prior year.

WYHG Income Statement

Metric	FY24	FY23	FY22
Revenue	$144.6M+7.9%	$134.1M+2.5%	$130.8M
Cost of Revenue	$99.8M+14.8%	$87.0M+0.6%	$86.4M
Gross Profit	$44.8M-4.9%	$47.1M+6.2%	$44.3M
R&D Expenses	$5.0M+17.0%	$4.3M+3.5%	$4.1M
SG&A Expenses	$4.4M+7.5%	$4.1M+1.7%	$4.0M
Operating Income	N/A	N/A	N/A
Interest Expense	$1.1M+7.0%	$995K+1091.8%	$84K
Income Tax	$851K-65.7%	$2.5M-35.0%	$3.8M
Net Income	$11.2M-19.7%	$14.0M+25.2%	$11.2M
EPS (Diluted)	$0.23-20.7%	$0.29+26.1%	$0.23

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

WYHG Balance Sheet

Metric	FY24	FY23	FY22
Total Assets	$193.5M+6.9%	$181.0M	N/A
Current Assets	$112.8M+3.7%	$108.8M	N/A
Cash & Equivalents	$87.9M-3.3%	$91.0M+35.0%	$67.4M
Inventory	$8.5M+28.6%	$6.6M	N/A
Accounts Receivable	$7.8M+5.7%	$7.3M	N/A
Goodwill	N/A	N/A	N/A
Total Liabilities	$37.7M-0.6%	$38.0M	N/A
Current Liabilities	$31.6M+62.4%	$19.4M	N/A
Long-Term Debt	$4.3M-74.1%	$16.7M	N/A
Total Equity	$155.7M+8.9%	$143.1M+7.7%	$132.9M
Retained Earnings	$110.0M+9.6%	$100.4M	N/A

Metric	Q4'24	Q4'23
Total Assets	$193.5M+6.9%	$181.0M
Current Assets	$112.8M+3.7%	$108.8M
Cash & Equivalents	$87.9M-3.3%	$91.0M
Inventory	$8.5M+28.6%	$6.6M
Accounts Receivable	$7.8M+5.7%	$7.3M
Goodwill	N/A	N/A
Total Liabilities	$37.7M-0.6%	$38.0M
Current Liabilities	$31.6M+62.4%	$19.4M
Long-Term Debt	$4.3M-74.1%	$16.7M
Total Equity	$155.7M+8.9%	$143.1M
Retained Earnings	$110.0M+9.6%	$100.4M

WYHG Cash Flow Statement

Metric	FY24	FY23	FY22
Operating Cash Flow	$12.5M-29.3%	$17.7M+97.8%	$8.9M
Capital Expenditures	$10.1M+4554.4%	$217K-98.8%	$18.1M
Free Cash Flow	$2.4M-86.3%	$17.4M+290.9%	-$9.1M
Investing Cash Flow	-$10.1M-4447.5%	-$222K+98.8%	-$18.1M
Financing Cash Flow	$4.4M-27.9%	$6.1M+5.0%	$5.8M
Dividends Paid	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A

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

WYHG Financial Ratios

Metric	FY24	FY23	FY22
Gross Margin	31.0%-4.2pp	35.1%+1.2pp	33.9%
Operating Margin	N/A	N/A	N/A
Net Margin	7.8%-2.7pp	10.4%+1.9pp	8.6%
Return on Equity	7.2%-2.6pp	9.8%+1.4pp	8.4%
Return on Assets	5.8%-1.9pp	7.7%	N/A
Current Ratio	3.57-2.0	5.60	N/A
Debt-to-Equity	0.03-0.1	0.12	N/A
FCF Margin	1.7%-11.3pp	13.0%+20.0pp	-7.0%

Metric	Q4'24	Q4'23
Gross Margin	N/A	N/A
Operating Margin	N/A	N/A
Net Margin	N/A	N/A
Return on Equity	N/A	N/A
Return on Assets	N/A	N/A
Current Ratio	3.57-2.0	5.60
Debt-to-Equity	0.03-0.1	0.12
FCF Margin	N/A	N/A

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Frequently Asked Questions

What is Wing Yip Food Holdings Group Ltd.'s annual revenue?

Wing Yip Food Holdings Group Ltd. (WYHG) reported $144.6M in total revenue for fiscal year 2024. This represents a 7.9% 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 Wing Yip Food Holdings Group Ltd.'s revenue growing?

Wing Yip Food Holdings Group Ltd. (WYHG) revenue grew by 7.9% year-over-year, from $134.1M to $144.6M in fiscal year 2024.

Is Wing Yip Food Holdings Group Ltd. profitable?

Yes, Wing Yip Food Holdings Group Ltd. (WYHG) reported a net income of $11.2M in fiscal year 2024, with a net profit margin of 7.8%.

How much debt does Wing Yip Food Holdings Group Ltd. have?

As of fiscal year 2024, Wing Yip Food Holdings Group Ltd. (WYHG) had $87.9M in cash and equivalents against $4.3M in long-term debt.

What is Wing Yip Food Holdings Group Ltd.'s gross margin?

Wing Yip Food Holdings Group Ltd. (WYHG) had a gross margin of 31.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Wing Yip Food Holdings Group Ltd.'s net profit margin?

Wing Yip Food Holdings Group Ltd. (WYHG) had a net profit margin of 7.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Wing Yip Food Holdings Group Ltd.'s return on equity (ROE)?

Wing Yip Food Holdings Group Ltd. (WYHG) has a return on equity of 7.2% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Wing Yip Food Holdings Group Ltd.'s free cash flow?

Wing Yip Food Holdings Group Ltd. (WYHG) generated $2.4M in free cash flow during fiscal year 2024. This represents a -86.3% 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 Wing Yip Food Holdings Group Ltd.'s operating cash flow?

Wing Yip Food Holdings Group Ltd. (WYHG) generated $12.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Wing Yip Food Holdings Group Ltd.'s total assets?

Wing Yip Food Holdings Group Ltd. (WYHG) had $193.5M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Wing Yip Food Holdings Group Ltd.'s capital expenditures?

Wing Yip Food Holdings Group Ltd. (WYHG) invested $10.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Wing Yip Food Holdings Group Ltd. spend on research and development?

Wing Yip Food Holdings Group Ltd. (WYHG) invested $5.0M in research and development during fiscal year 2024.

How many shares does Wing Yip Food Holdings Group Ltd. have outstanding?

Wing Yip Food Holdings Group Ltd. (WYHG) had 50M shares outstanding as of fiscal year 2024.

What is Wing Yip Food Holdings Group Ltd.'s current ratio?

Wing Yip Food Holdings Group Ltd. (WYHG) had a current ratio of 3.57 as of fiscal year 2024, which is generally considered healthy.

What is Wing Yip Food Holdings Group Ltd.'s debt-to-equity ratio?

Wing Yip Food Holdings Group Ltd. (WYHG) had a debt-to-equity ratio of 0.03 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Wing Yip Food Holdings Group Ltd.'s return on assets (ROA)?

Wing Yip Food Holdings Group Ltd. (WYHG) had a return on assets of 5.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Wing Yip Food Holdings Group Ltd.'s Piotroski F-Score?

Wing Yip Food Holdings Group Ltd. (WYHG) has a Piotroski F-Score of 5 out of 9, indicating neutral 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 Wing Yip Food Holdings Group Ltd.'s earnings high quality?

Wing Yip Food Holdings Group Ltd. (WYHG) has an earnings quality ratio of 1.11x, 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.

How financially healthy is Wing Yip Food Holdings Group Ltd.?

Wing Yip Food Holdings Group Ltd. (WYHG) scores 46 out of 100 on our Financial Profile, indicating moderate 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.