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Stocks · Materials · Steel Pipe & Tubes

Huadi International Group Co., Ltd.

HUDI Clue Score42
China Fiscal year ends September CIK 0001791725
$0.67 -4.79% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $0.67 −85.25% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 22 Jan 2021. 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 2018Operating income8.2Net income5.2EPS, diluted0.52Fiscal year 2019Operating income8.4Net income5.4 +3.8%EPS, diluted0.54 +3.8%Fiscal year 2020Revenue1.4Operating income4.6Net income3.4 −38.4%EPS, diluted0.34 −37.0%Fiscal year 2021Revenue3.2 +136.5%Operating income2.6Net income2.5 −24.6%EPS, diluted0.21 −38.2%Fiscal year 2022Revenue1.7 −48.7%Operating income2.4Net income1.9 −24.0%EPS, diluted0.15 −28.6%Fiscal year 2023Revenue1.2 −26.7%Operating income3.1Net income3.3 +69.3%EPS, diluted0.23 +53.3%Fiscal year 2024Revenue74.3 +5,992.5%Operating income−1.6Net income0.1 −95.8%EPS, diluted0.01 −95.7%Fiscal year 2025Revenue62.9 −15.3%Operating income−2.9Net income−1.4 −1,115.8%EPS, diluted−0.10 −1,100.0%
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue n/a n/a 1.4 3.2 1.7 1.2 74.3 62.9
Growth +136.5% −48.7% −26.7% +5,992.5% −15.3%
Operating income 8.2 8.4 4.6 2.6 2.4 3.1 −1.6 −2.9
Net income 5.2 5.4 3.4 2.5 1.9 3.3 0.1 −1.4
Growth +3.8% −38.4% −24.6% −24.0% +69.3% −95.8% −1,115.8%
EPS, diluted 0.52 0.54 0.34 0.21 0.15 0.23 0.01 −0.10
Growth +3.8% −37.0% −38.2% −28.6% +53.3% −95.7% −1,100.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2018Fiscal year 2019Fiscal year 2020Gross margin778.3%Operating margin336.1%Net margin245.0%Free cash flow margin185.3%Fiscal year 2021Gross margin349.4%Operating margin79.6%Net margin78.1%Free cash flow margin−202.7%Fiscal year 2022Gross margin669.4%Operating margin141.4%Net margin115.7%Free cash flow margin470.2%Fiscal year 2023Gross margin1,013.6%Operating margin255.2%Net margin267.2%Free cash flow margin−213.7%Fiscal year 2024Gross margin9.9%Operating margin−2.2%Net margin0.2%Free cash flow margin17.1%Fiscal year 2025Gross margin10.8%Operating margin−4.6%Net margin−2.2%Free cash flow margin−15.8%
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin n/a n/a 778.3% 349.4% 669.4% 1,013.6% 9.9% 10.8%
Operating margin n/a n/a 336.1% 79.6% 141.4% 255.2% −2.2% −4.6%
Net margin n/a n/a 245.0% 78.1% 115.7% 267.2% 0.2% −2.2%
Free cash flow margin n/a n/a 185.3% −202.7% 470.2% −213.7% 17.1% −15.8%

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 2018Operating cash flow1.2Capital expenditure−0.5Free cash flow0.7Fiscal year 2019Operating cash flow2.3Capital expenditure−0.9Free cash flow1.4 +110.2%Fiscal year 2020Operating cash flow3.2Capital expenditure−0.7Free cash flow2.5 +77.1%Fiscal year 2021Operating cash flow−5.6Capital expenditure−0.9Free cash flow−6.6 −358.6%Fiscal year 2022Operating cash flow8.0Capital expenditure−0.2Free cash flow7.8Fiscal year 2023Operating cash flow−2.4Capital expenditure−0.2Free cash flow−2.6 −133.3%Fiscal year 2024Operating cash flow13.0Capital expenditure−0.3Free cash flow12.7Fiscal year 2025Operating cash flow−8.5Capital expenditure−1.5Free cash flow−9.9 −178.3%
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 1.2 2.3 3.2 −5.6 8.0 −2.4 13.0 −8.5
Capital expenditure −0.5 −0.9 −0.7 −0.9 −0.2 −0.2 −0.3 −1.5
Free cash flow 0.7 1.4 2.5 −6.6 7.8 −2.6 12.7 −9.9
Growth +110.2% +77.1% −358.6% −133.3% −178.3%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2018Cash5.2Shareholders’ equity16.6Fiscal year 2019Cash1.1Shareholders’ equity21.0Fiscal year 2020Cash0.8Shareholders’ equity25.6Fiscal year 2021Cash15.4Shareholders’ equity51.2Fiscal year 2022Cash13.2Total debt9.3Net cash (debt)3.9Shareholders’ equity49.4Debt to equity0.19Fiscal year 2023Cash20.2Total debt5.4Net cash (debt)14.7Shareholders’ equity74.4Debt to equity0.07Fiscal year 2024Cash18.1Shareholders’ equity78.0Fiscal year 2025Cash6.5Total debt8.1Net cash (debt)−1.6Shareholders’ equity75.5Debt to equity0.11
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 5.2 1.1 0.8 15.4 13.2 20.2 18.1 6.5
Total debt n/a n/a n/a n/a 9.3 5.4 n/a 8.1
Net cash (debt) n/a n/a n/a n/a 3.9 14.7 n/a −1.6
Shareholders’ equity 16.6 21.0 25.6 51.2 49.4 74.4 78.0 75.5
Debt to equity n/a n/a n/a n/a 0.19 0.07 n/a 0.11

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

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending September, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2018 30 Sep 2018 FY2019 30 Sep 2019 FY2020 30 Sep 2020 FY2021 30 Sep 2021 FY2022 30 Sep 2022 FY2023 30 Sep 2023 FY2024 30 Sep 2024 FY2025 30 Sep 2025
Revenue and profit
n/a n/a 1.4 3.2 1.7 1.2 74.3 62.9
Growth +136.5% −48.7% −26.7% +5,992.5% −15.3%
47.1 50.9 48.5 70.2 76.4 84.3 67.0 56.1
13.2 14.6 10.7 11.3 11.1 12.4 7.3 6.8
Growth +10.4% −27.1% +6.1% −1.6% +11.0% −40.8% −7.1%
1.4 1.8 2.1 2.1 2.3 2.6 2.2 2.2
3.3 4.5 3.9 6.7 6.5 7.3 6.8 7.8
8.2 8.4 4.6 2.6 2.4 3.1 −1.6 −2.9
Growth +2.2% −45.0% −44.0% −8.7% +32.2% −151.7%
6.6 6.5 3.6 2.5 2.1 3.5 −0.2 −1.9
1.3 1.0 0.2 −0.1 0.2 0.2 −0.3 −0.5
5.2 5.4 3.4 2.5 1.9 3.3 0.1 −1.4
Growth +3.8% −38.4% −24.6% −24.0% +69.3% −95.8% −1,115.8%
Per share
0.52 0.54 0.34 0.21 0.15 0.23 0.01 −0.10
0.52 0.54 0.34 0.21 0.15 0.23 0.01 −0.10
Growth +3.8% −37.0% −38.2% −28.6% +53.3% −95.7% −1,100.0%
10.0 10.0 10.0 12.1 13.2 14.1 14.3 14.3
10.0 10.0 10.0 12.1 13.2 14.1 14.3 14.3
Growth +0.0% +0.0% +21.2% +9.2% +6.9% +0.9% +0.1%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 115.0% a year over five years.
  • The diluted share count rose 42.8% in five years, which is dilution.
  • Operating margin is down 340.7 points on five years ago, at -4.6%.
  • A net loss in 1 of 8 years on file.