JRSH Financials Jerash Holdings (US), Inc.

10 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated 34 d ago Overview →

Growth & profitability

Revenue has grown 13.0% per year over the past 5 years.
Net income has grown slower than revenue (-2.7% vs 13.0% per year).
Operating margin has contracted, at 3.8% in the latest year.

Financial health

The company holds more cash ($12M) than total debt ($3M).
Operating income covered interest expense 3.9× in the latest year.
Total debt is 0.4× EBITDA.

Shareholder returns

Dividends have been paid for 8 consecutive years, consuming 70.0% of earnings.
The dividend has grown 2.3% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2026	$166M	$4M	16.1%	3.8%	5.6%	4.0%	-$3M	$3M	$12M
2025	$146M	-$839929	15.3%	1.0%	-1.3%	-1.0%	$413516	—	$15M
2024	$117M	-$2M	14.4%	-0.6%	-3.2%	-2.5%	$1M	—	$14M
2023	$138M	$2M	15.8%	3.2%	3.5%	2.9%	$10M	—	$19M
2022	$143M	$8M	19.1%	7.3%	11.4%	9.3%	$6M	—	$27M
2021	$90M	$4M	17.7%	6.0%	7.4%	5.7%	-$2M	—	$23M
2020	$93M	$6M	19.3%	8.2%	11.9%	9.6%	$2M	—	$27M
2019	$85M	$5M	22.1%	7.5%	10.2%	8.6%	$9M	—	$28M
2018	$69M	$10M	25.9%	17.1%	30.8%	24.1%	$4M	—	$12M
2017	—	$11M	—	—	49.3%	31.5%	$7M	—	$4M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$50M	$2M	16.4%	5.2%	2.5%	1.9%	$2M	$3M	$14M
Mar '26	$43M	$2M	17.1%	5.4%	2.4%	1.8%	$2M	$3M	$12M
Dec '25	$42M	$1M	16.9%	4.7%	1.8%	1.4%	-$4M	—	$13M
Sep '25	$42M	$461605	15.0%	2.6%	0.7%	0.6%	$6M	—	$14M
Jun '25	$40M	$318676	15.4%	2.4%	0.5%	0.4%	-$7M	—	$8M
Mar '25	$29M	-$152635	17.9%	1.5%	-0.2%	-0.2%	$1M	—	$15M
Dec '24	$35M	-$5806	15.2%	2.0%	-0.0%	-0.0%	-$3M	—	$15M
Sep '24	$40M	$655288	17.5%	2.8%	1.0%	0.8%	$4M	—	$18M
Jun '24	$41M	-$1M	11.3%	-2.0%	-2.1%	-1.8%	-$2M	—	$13M
Mar '24	$22M	-$3M	7.0%	-14.0%	-4.8%	-3.8%	-$6M	—	$14M
Dec '23	$28M	$220713	16.2%	1.4%	0.3%	0.3%	-$500353	—	$21M
Sep '23	$33M	$365617	16.1%	2.7%	0.5%	0.5%	$8M	—	$23M
Jun '23	$35M	$496526	16.0%	3.1%	0.7%	0.6%	-$36486	—	$20M
Mar '23	$24M	-$2M	10.3%	-7.7%	-2.9%	-2.4%	$813590	—	$19M
Dec '22	$43M	$890818	13.5%	3.1%	1.3%	1.0%	$12617	—	$26M
Sep '22	$38M	$2M	18.3%	6.9%	2.5%	1.9%	—	—	$24M
Jun '22	$33M	$2M	19.8%	6.6%	2.4%	2.0%	-$623999	—	$23M
Mar '22	$31M	-$131310	15.1%	0.4%	-0.2%	-0.2%	-$6M	—	$27M
Dec '21	$37M	$2M	18.8%	6.5%	2.4%	2.0%	$4M	—	$34M
Sep '21	$46M	$4M	22.1%	12.3%	7.2%	5.8%	—	—	$26M

Valuation over time

How the market has priced JRSH against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 24.6× (Mar '23) to 19.2× (Sep '26).
The price-to-sales ratio has fallen from 0.4× (Mar '23) to 0.4× (Sep '26).
The dividend yield has fallen from 4.2% (Mar '23) to 3.7% (Sep '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is JRSH growing its revenue and profit?

Over the past 5 years, Jerash Holdings (US), Inc.'s revenue has grown 13.0% per year, and net income declined 2.7% per year. These are computed facts, not advice.

How much debt does JRSH have?

As of FY2026, Jerash Holdings (US), Inc. reported $3M of total debt against $12M of cash; operating income covered interest expense 3.9×.

What is JRSH's profit margin?

In FY2026, gross margin was 16.1%, operating margin 3.8%, and net margin 2.2%.

What is JRSH's P/E ratio?

As of Sep '26, Jerash Holdings (US), Inc. traded at a price-to-earnings ratio of about 19.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.