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SFWL Financials SHENGFENG DEVELOPMENT Ltd

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
$0 $286M $572M 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
0% 6% 13% 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$14M -$6M $3M $0 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $63M $126M 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$37M -$4M $29M $0 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
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.

Price / earnings (P/E)
0.0 70.4 140.9 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 1.5 3.0 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
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.