HF Foods Group Inc. key statistics and ratios

In fiscal 2025, HF Foods Group Inc. had return on equity of -17.6%, an operating margin of -2.7%, debt equal to 80.1% of equity and a current ratio of 1.18. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

HF Foods Group Inc.: financial ratios, annual
Fiscal year	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Gross margin	14.9%	17.0%	16.6%	17.8%	19.0%	17.6%	17.8%	17.1%	16.9%	16.6%
Operating margin	3.7%	2.9%	2.1%	−60.7%	3.7%	0.9%	0.8%	−3.3%	−2.7%	−2.8%
Net margin	3.3%	2.2%	1.3%	−60.6%	2.8%	0.0%	−0.2%	−4.0%	−3.2%	−2.8%
Free-cash-flow margin	4.4%	3.1%	−0.0%	7.9%	1.9%	2.5%	−0.4%	0.8%	0.5%	−0.3%
Return on equity	37.4%	21.0%	1.6%	−78.9%	8.0%	0.2%	−0.8%	−18.4%	−17.6%	−16.9%
Return on assets	12.0%	7.7%	1.1%	−53.1%	4.1%	0.1%	−0.4%	−8.5%	−7.1%	−6.3%
Asset turnover	3.66	3.57	0.88	0.88	1.47	1.90	1.86	2.10	2.25	2.28
Current ratio	1.28	1.76	1.37	1.24	1.03	1.21	1.25	1.23	1.18	1.11
Debt to equity	106.6%	66.7%	10.3%	42.5%	49.0%	59.9%	60.3%	69.5%	80.1%	85.9%
Interest cover (operating income ÷ interest)	—	—	4.7x	n/m	7.2x	1.4x	0.8x	n/m	n/m	n/m
Effective tax rate	5.8%	28.2%	30.8%	—	16.5%	—	—	—	—	—
SG&A as % of revenue	11.1%	14.1%	14.4%	18.8%	15.3%	16.7%	17.0%	16.5%	16.4%	16.2%
Capital spending as % of revenue	0.8%	1.1%	1.2%	0.1%	0.3%	0.5%	0.3%	1.0%	1.5%	2.6%
Free cash flow ÷ net income	135.0%	141.2%	−0.6%	—	69.1%	>999%	—	—	—	—

US$ thousands unless shown otherwise. Fiscal quarters.

HF Foods Group Inc.: financial ratios, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Gross margin	16.8%	17.1%	17.1%	17.5%	16.4%	16.6%	16.2%	17.0%
Operating margin	0.2%	−13.8%	0.4%	1.3%	0.4%	−12.8%	0.3%	0.9%
Net margin	−1.3%	−14.4%	−0.6%	0.4%	−0.4%	−12.1%	0.4%	0.8%
Free-cash-flow margin	−0.3%	5.0%	1.1%	0.1%	−3.0%	3.9%	−0.0%	−1.9%
Current ratio	1.18	1.23	1.19	1.19	1.19	1.18	1.11	1.11
Debt to equity	38.9%	45.4%	45.1%	44.2%	44.8%	52.5%	49.4%	48.6%
SG&A as % of revenue	16.6%	15.7%	16.7%	16.2%	16.1%	16.8%	15.9%	16.1%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

3 of 7 checks passed · June 30, 2026

What it owns · $557m

Short-term assets $205mLonger-term assets $351m

What it owes, and who funded it · $556m

Short-term liabilities $184mLonger-term liabilities $164mShareholders' equity $207m

Short-term assets cover short-term liabilities $205m of assets due within a year against $184m of liabilities due within a year.
Short-term assets cover long-term liabilities $205m short-term assets against $164m of longer-dated liabilities.
More cash than debt $18m of cash against $101m of debt.
Debt below 40% of shareholders' equity Debt is 49% of equity.
Debt burden no higher than five years ago Debt to equity moved from 28% to 49% over five years.
A year's operating cash flow covers at least 20% of debt $29m of operating cash flow against $101m of debt.
Operating profit covers interest at least five times over Operating income of −$34m against $12m of interest.

From HF Foods Group Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

32 /100

Weak moat

How hard HF Foods Group's competitive advantage looks for rivals to wear away, judged from 9 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 0 / 20

Cash operating profit has been a median 0.6% of total assets over 5 years.
Pricing power 8 / 20

Gross margin has been a median 17.2%, moving by 0.7 percentage points (standard deviation) across 9 years.
Durability 0 / 20

Operating margin has been a median 0.9%; its worst year was -65.2%.
Cash conversion 8 / 20

Free cash flow was positive in 6 of 8 years, at a median 1.3% of revenue.
Discipline 16 / 20

The diluted share count rose 2.7% over five years; stock-based pay has been a median 0.1% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

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Figures from HF Foods Group Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to HF Foods Group Inc.