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 Aug 16, 2026, 10:14 UTC 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 21.2× (Nov '26).
The price-to-sales ratio has risen from 0.4× (Mar '23) to 0.5× (Nov '26).
The dividend yield has fallen from 4.2% (Mar '23) to 3.3% (Nov '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?

Jerash Holdings (US), Inc.'s P/E (TTM) is 15.72 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the JRSH stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 21.2× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.