InsiderClue
Stocks · Industrials · Deep Sea Foreign Transportation of Freight

High-Trend International Group

HTCO Clue Score44
Cayman Islands Fiscal year ends October CIK 0001928948
$1.06 -17.83% Close, 12 Oct 2026
Alert on the numbers Alert on insider trades
Price $1.06 +64.34% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 16 Dec 2022. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2020Revenue78.4Operating income−5.7Net income−3.2EPS, diluted−0.06Fiscal year 2021Revenue122.0 +55.7%Operating income10.5Net income5.3EPS, diluted0.11Fiscal year 2022Revenue185.3 +52.0%Operating income23.6Net income12.2 +130.4%EPS, diluted0.24Fiscal year 2023Revenue95.3 −48.6%Operating income−15.6Net income−9.3 −176.3%EPS, diluted−4.45Fiscal year 2024Revenue108.2 +13.6%Operating income2.3Net income−23.6EPS, diluted−10.02Fiscal year 2025Revenue214.4 +98.2%Operating income−19.9Net income−21.5EPS, diluted−4.18
FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 78.4 122.0 185.3 95.3 108.2 214.4
Growth +55.7% +52.0% −48.6% +13.6% +98.2%
Operating income −5.7 10.5 23.6 −15.6 2.3 −19.9
Net income −3.2 5.3 12.2 −9.3 −23.6 −21.5
Growth +130.4% −176.3%
EPS, diluted −0.06 0.11 0.24 −4.45 −10.02 −4.18

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2020Gross margin−5.0%Operating margin−7.3%Net margin−4.0%Free cash flow margin1.4%Fiscal year 2021Gross margin10.6%Operating margin8.6%Net margin4.4%Fiscal year 2022Gross margin14.5%Operating margin12.7%Net margin6.6%Fiscal year 2023Gross margin−12.5%Operating margin−16.4%Net margin−9.8%Fiscal year 2024Gross margin7.5%Operating margin2.1%Net margin−21.8%Fiscal year 2025Gross margin3.2%Operating margin−9.3%Net margin−10.0%Free cash flow margin2.2%
FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin −5.0% 10.6% 14.5% −12.5% 7.5% 3.2%
Operating margin −7.3% 8.6% 12.7% −16.4% 2.1% −9.3%
Net margin −4.0% 4.4% 6.6% −9.8% −21.8% −10.0%
Free cash flow margin 1.4% n/a n/a n/a n/a 2.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2020Operating cash flow1.1Capital expenditure−0.0Free cash flow1.1Fiscal year 2021Operating cash flow0.6Fiscal year 2022Operating cash flow33.1Dividends paid−17.0Fiscal year 2023Operating cash flow−17.8Dividends paid−0.9Fiscal year 2024Operating cash flow−3.3Fiscal year 2025Operating cash flow4.6Capital expenditure−0.0Free cash flow4.6
FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 1.1 0.6 33.1 −17.8 −3.3 4.6
Capital expenditure −0.0 n/a n/a n/a n/a −0.0
Free cash flow 1.1 n/a n/a n/a n/a 4.6
Growth
Dividends paid n/a n/a −17.0 −0.9 n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash and securitiesTotal debt
Fiscal year 2020Cash and securities8.1Shareholders’ equity−6.7Fiscal year 2021Cash and securities10.4Total debt4.3Net cash (debt)6.1Shareholders’ equity0.6Debt to equity7.31Fiscal year 2022Cash and securities21.6Total debt3.2Net cash (debt)18.3Shareholders’ equity4.5Debt to equity0.72Fiscal year 2023Cash and securities2.2Total debt2.4Net cash (debt)−0.2Shareholders’ equity−5.4Fiscal year 2024Cash and securities6.9Total debt1.5Net cash (debt)5.4Shareholders’ equity5.4Debt to equity0.28Fiscal year 2025Cash and securities10.1Shareholders’ equity7.9
FY2020FY2021FY2022FY2023FY2024FY2025
Cash and securities 8.1 10.4 21.6 2.2 6.9 10.1
Total debt n/a 4.3 3.2 2.4 1.5 n/a
Net cash (debt) n/a 6.1 18.3 −0.2 5.4 n/a
Shareholders’ equity −6.7 0.6 4.5 −5.4 5.4 7.9
Debt to equity n/a 7.31 0.72 n/a 0.28 n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In millions of USD, except per-share figures; shares in millions. Fiscal years ending October, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2020 31 Oct 2020 FY2021 31 Oct 2021 FY2022 31 Oct 2022 FY2023 31 Oct 2023 FY2024† 31 Oct 2024 FY2025† 31 Oct 2025
Assets
8.1 10.4 21.6 2.2 6.9 10.1
n/a 7.8 4.0 1.0 7.6 8.7
n/a 0.1 0.6 0.6 0.0 0.0
n/a 27.2 35.6 8.4 29.2 32.4
Growth +30.8% −76.3% +246.4% +10.8%
Liabilities
n/a 0.9 0.9 0.9 0.6 n/a
n/a 3.4 2.4 1.5 0.9 n/a
calc n/a 4.3 3.2 2.4 1.5 n/a
n/a 23.8 25.5 15.7 20.5 19.8
Equity
n/a 0.4 4.4 −5.0 −28.6 −51.4
−6.7 0.6 4.5 −5.4 5.4 7.9
Growth +676.5% −219.3% +46.9%
Per share and net cash
calc n/a 6.1 18.3 −0.2 5.4 n/a
n/a 50.0 50.0 52.8 117.9 6.6
calc n/a 0.01 0.09 −0.10 0.05 1.19

† The number of shares outstanding jumps at 2024 and 2025, so per-share figures either side of that column are not comparable. Usually a split. This count is a different filed figure from the diluted average on the income statement, so it can break in a different year.

Lines marked calc are worked out here from filed figures; point at one for how.