6 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 14.8% per year over the past 5 years.
Net income has grown in line with revenue (15.3% vs 14.8% per year).
Operating margin has been roughly flat, at 2.9% in the latest year.
Financial health
Total debt ($126M) exceeds cash ($35M); net debt is $91M.
Total debt has grown slower than revenue (8.2% vs 14.8% per year).
Operating income covered interest expense 6.2× in the latest year, up from 3.1× 5 years ago.
Total debt is 5.4× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
2025
$572M
$12M
9.3%
2.9%
-$3M
$126M
$35M
2024
$504M
$11M
9.2%
2.9%
-$14M
$95M
$35M
2023
$404M
$10M
11.5%
3.4%
$3M
$72M
$27M
2022
$370M
$8M
11.2%
2.7%
-$2M
$95M
$21M
2021
$347M
—
11.9%
2.5%
-$2M
$92M
—
2020
$287M
—
12.5%
2.2%
-$6M
—
—
Valuation over time
How the market has priced SFWL 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 42.2× (Mar '23) to 6.9× (Jun '26).
The price-to-sales ratio has fallen from 0.9× (Mar '23) to 0.1× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is SFWL growing its revenue and profit?
Over the past 5 years, SHENGFENG DEVELOPMENT Ltd's revenue has grown 14.8% per year, and net income grown 15.3% per year. These are computed facts, not advice.
How much debt does SFWL have?
As of FY2025, SHENGFENG DEVELOPMENT Ltd reported $126M of total debt against $35M of cash; operating income covered interest expense 6.2×.
What is SFWL's profit margin?
In FY2025, gross margin was 9.3%, operating margin 2.9%, and net margin 2.1%.
What is SFWL's P/E ratio?
As of Jun '26, SHENGFENG DEVELOPMENT Ltd traded at a price-to-earnings ratio of about 6.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S 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.