HF Foods Group Inc. HFFG
HF Foods Group Inc., headquartered in Las Vegas, Nevada, operating through our subsidiaries (collectively "HF Foods" or the "Company") is a leading marketer and distributor of fresh produce, frozen and dry food, and non-food products to Asian restaurants and other foodservice customers throughout the United States.
We operate a national distribution platform comprised of sixteen distribution centers and four cross-docks, supported by a fleet of over 400 vehicles, which collectively spans 46 states and covers approximately 95% of the contiguous United States. We serve approximately 15,000 customer locations through a high-frequency, service-oriented distribution model designed to meet the operational needs of independent restaurants, including timely delivery and consistent product availability.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.23B | $1.20B | $1.15B | $1.17B | $796.9M | $566.8M | $388.2M | $291.0M | $295.5M | — |
| Cost of revenue | $1.02B | $996.5M | $944.5M | $965.0M | $645.4M | $466.1M | $323.9M | $241.4M | $251.6M | — |
| Gross profit | $207.6M | $205.2M | $204.0M | $205.5M | $151.5M | $100.7M | $64.2M | $49.6M | $43.9M | — |
| SG&A | $201.8M | $198.0M | $195.1M | $195.0M | $122.0M | $106.4M | $56.0M | $41.0M | $32.9M | — |
| Operating income | -$33.0M | -$39.1M | $9.0M | $10.6M | $29.5M | -$343.8M | $8.2M | $8.5M | $11.0M | — |
| Interest expense | $11.5M | $11.4M | $11.5M | $7.5M | $4.1M | $4.3M | $1.7M | — | — | — |
| Pre-tax income | -$45.3M | -$46.1M | -$2.6M | $4.0K | $27.3M | -$347.9M | $7.9M | $8.8M | $10.7M | — |
| Income tax | $6.0M | $2.0M | $41.0K | $231.0K | $4.5M | $4.7M | $2.4M | $2.5M | $623.3K | — |
| Net income | -$39.3M | -$48.1M | -$2.7M | $460.0K | $22.1M | -$343.5M | $5.0M | $6.3M | $9.6M | — |
| EPS, basic | -0.73 | -0.92 | -0.04 | 0.01 | 0.43 | -6.59 | 0.18 | — | — | — |
| EPS, diluted | -0.73 | -0.92 | -0.04 | 0.01 | 0.43 | -6.59 | 0.18 | 0.30 | 0.48 | — |
| Shares, diluted (wtd. avg.) | $52.9M | $52.6M | $53.9M | $53.9M | $52.1M | $52.1M | $27.1M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $8.6M | $14.5M | $15.2M | $24.3M | $14.8M | $9.6M | $14.5M | $5.5M | $6.1M | $6.0M |
| Receivables | — | — | — | $44.2M | $36.3M | $24.9M | $50.0M | $14.4M | $14.7M | — |
| Inventory | $106.6M | $97.8M | $105.6M | $120.3M | $102.7M | $58.5M | $77.5M | $22.2M | $22.7M | — |
| Total current assets | $194.0M | $178.1M | $178.8M | $197.9M | $159.6M | $99.0M | $54.4M | $51.9M | $49.9M | $199.8K |
| Property, plant and equipment | — | — | — | — | — | — | $37.5M | $22.7M | $21.7M | — |
| Goodwill | $0 | $38.8M | $85.1M | $85.1M | $80.3M | $68.5M | $406.7M | — | — | — |
| Other intangibles | $151.5M | $161.5M | $177.8M | $194.1M | $195.1M | $175.8M | $186.7M | — | — | — |
| Total assets | $541.5M | $550.0M | $596.5M | $637.5M | $596.9M | $503.0M | $94.1M | $88.9M | $80.7M | $199.8K |
| Accounts payable | — | — | — | $55.5M | $57.7M | $29.7M | $19.0M | $19.1M | $17.3M | $475 |
| Short-term debt | $6.7M | $5.4M | $5.5M | $6.3M | $5.6M | $5.6M | $2.7M | $1.5M | $1.4M | — |
| Total current liabilities | $164.8M | $145.2M | $143.3M | $163.9M | $155.3M | $88.2M | $40.0M | $35.2M | $39.0M | $175.5K |
| Long-term debt | $99.4M | $103.3M | $108.7M | $115.4M | $81.8M | $88.0M | $18.5M | $13.1M | $14.2M | — |
| Total liabilities | $337.9M | $308.7M | $308.5M | $341.3M | $302.0M | $240.6M | $57.7M | $53.6M | $53.8M | $175.5K |
| Retained earnings | -$396.0M | -$357.2M | -$308.7M | -$306.5M | -$306.3M | -$329.2M | $12.3M | $11.2M | $4.3M | -$700 |
| Total equity | $202.1M | $239.3M | $288.0M | $296.2M | $294.3M | $263.5M | $606.9M | $34.1M | $26.9M | $24.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $25.5M | $22.6M | -$1.6M | $35.4M | $17.5M | $45.7M | $4.8M | $12.0M | $15.3M | — |
| Depreciation and amortisation | $28.4M | $26.7M | $25.9M | $24.9M | $19.1M | $18.9M | $5.1M | $2.1M | $2.0M | — |
| Stock-based compensation | $1.8M | $2.1M | $3.4M | $1.3M | $635.0K | $0 | $0 | — | — | — |
| Capital expenditure | $18.9M | $12.5M | $3.5M | $6.3M | $2.2M | $664.0K | $4.8M | $3.1M | $2.3M | — |
| Investing cash flow | -$20.4M | -$12.5M | -$1.5M | -$50.8M | -$41.1M | -$94.4M | $2.8M | -$6.4M | -$5.5M | — |
| Financing cash flow | -$10.9M | -$10.9M | -$5.9M | $24.9M | $28.8M | $43.8M | $1.5M | -$6.2M | -$9.7M | — |
| Buybacks | — | $0 | $7.8M | $0 | $0 | — | $12.0M | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001680873-26-000021.
Others in SIC 5140
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| SYY | SYSCO CORP | $38.35B | 21.9x | 3.9% |
| USFD | US Foods Holding Corp. | $22.51B | 35.4x | 4.1% |
| DPZ | DOMINOS PIZZA INC | $11.28B | 19.4x | 5.0% |
| RAVE | RAVE RESTAURANT GROUP, INC. | $43.2M | 16.0x | -0.9% |