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
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
2025
$572M
$12M
9.3%
2.9%
9.0%
3.4%
-$3M
$126M
$35M
2024
$504M
$11M
9.2%
2.9%
9.3%
3.5%
-$14M
$95M
$35M
2023
$404M
$10M
11.5%
3.4%
9.5%
3.9%
$3M
$72M
$27M
2022
$370M
$8M
11.2%
2.7%
8.5%
3.2%
-$2M
$95M
$21M
2021
$347M
—
11.9%
2.5%
0.0%
0.0%
-$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 42.6× (Mar '23) to 26.1× (Nov '26).
The price-to-sales ratio has fallen from 0.9× (Mar '23) to 0.5× (Nov '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?
SHENGFENG DEVELOPMENT Ltd's P/E (TTM) is 26.08 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 SFWL stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 26.1× 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.