Shengfeng Development Ltd income statement

In fiscal 2025, Shengfeng Development Ltd reported revenue of $572m, up 13.6% on the year before, operating income of $16.9m (a 2.9% margin) and net income of $11.9m. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

Shengfeng Development Ltd: income statement, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	287	347	370	404	504	572
Cost of revenue	251	305	329	358	458	519
Gross profit	36	41	42	47	46	53
Selling and marketing	6	8	7	7	6	6
General and administrative	24	25	24	26	26	30
Operating income	6	9	10	14	15	17
Interest expense	2	2	2	2	2	3
Income before tax	8	8	9	13	12	14
Income tax	2	2	2	2	2	2
Net income	6	7	8	10	11	12
Diluted EPS	$0.08	$0.09	$0.10	$0.13	—	—
Diluted shares (average)	80m	80m	80m	82m	—	—
EBITDA	11	15	17	20	21	23

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

Compare with peers

Head to head: PAMT vs SFWL HTLD vs SFWL MRTN vs SFWL

More: Cargo Ground Transportation stocks compared, Industrials sector, rankings of US companies

Figures from Shengfeng Development Ltd's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Shengfeng Development Ltd.