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GigaCloud Technology Inc. (GCT) 10-Year Financial Performance & Capital Metrics

GCT • • Industrial / General
TechnologyInfrastructure SoftwarePayment Processing & Digital CommerceDigital Commerce & BNPL Platforms
AboutGigaCloud Technology Inc. provides end-to-end B2B ecommerce solutions for large parcel merchandise. Its marketplace connects manufacturers primarily in Asia with resellers in the United States, Asia, and Europe to execute cross-border transactions across furniture, home appliance, fitness equipment, and other large parcel categories. The company was formerly known as Oriental Standard Human Resources Holdings Limited and changed its name to GigaCloud Technology Inc. in February 2021. GigaCloud Technology Inc. was founded in 2006 and is headquartered in Suzhou, China.Show more
  • Revenue $1.16B +65.0%
  • EBITDA $140M +23.6%
  • Net Income $126M +33.7%
  • EPS (Diluted) 3.05 +32.6%
  • Gross Margin 24.57% -8.3%
  • EBITDA Margin 12.02% -25.1%
  • Operating Margin 11.25% -28.1%
  • Net Margin 10.84% -19.0%
  • ROE 36.17% -6.7%
  • ROIC 17.19% -26.1%
  • Debt/Equity 1.20 -13.9%
  • Interest Coverage 510.24 +474.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 30.0%
  • ✓Strong 5Y profit CAGR of 113.2%
  • ✓Momentum leader: RS Rating 94 (top 6%)
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 56.9%
  • ✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y56.85%
3Y41%
TTM10.17%

Profit (Net Income) CAGR

10Y-
5Y113.19%
3Y62.61%
TTM-0.45%

EPS CAGR

10Y-
5Y59.01%
3Y64.12%
TTM5.7%

ROCE

10Y Avg31.03%
5Y Avg33.7%
3Y Avg18.92%
Latest18.05%

Peer Comparison

Digital Commerce & BNPL Platforms
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
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TTM Growth
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Momentum & Returns
Total Return (DRIP)
Technical
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
KLARKlarna Group plc10.82B28.694282.0921.17%-9.4%-10.65%5.01%0.35
AFRMAffirm Holdings, Inc.20.78B71.81478.7338.8%6.74%7.07%2.9%2.56
GCTGigaCloud Technology Inc.1.2B41.5813.6364.96%10.62%28.39%11.83%1.20
KSPIJoint Stock Company Kaspi.kz15.06B78.950.0133.36%30.32%46.92%100%0.14
KPLTKatapult Holdings, Inc.32.67M6.92-1.1611.56%-9.98%
MOGOMogo Inc.29.01M1.22-2.189.18%10.86%9.71%1.05

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+122.3M275.48M414.2M490.07M703.83M1.16B
Revenue Growth %-1.25%0.5%0.18%0.44%0.65%
Cost of Goods Sold+100.1M200.36M324.6M406.96M515.2M875.81M
COGS % of Revenue0.82%0.73%0.78%0.83%0.73%0.75%
Gross Profit+22.19M75.12M89.6M83.11M188.63M285.24M
Gross Margin %0.18%0.27%0.22%0.17%0.27%0.25%
Gross Profit Growth %-2.38%0.19%-0.07%1.27%0.51%
Operating Expenses+17.39M30.93M50.24M48.09M78.56M154.61M
OpEx % of Revenue0.14%0.11%0.12%0.1%0.11%0.13%
Selling, General & Admin17.39M30.93M50.24M46.66M71.39M144.63M
SG&A % of Revenue0.14%0.11%0.12%0.1%0.1%0.12%
Research & Development0001.43M3.92M9.79M
R&D % of Revenue---0%0.01%0.01%
Other Operating Expenses00003.24M193K
Operating Income+4.8M44.18M39.35M35.02M110.08M130.62M
Operating Margin %0.04%0.16%0.1%0.07%0.16%0.11%
Operating Income Growth %-8.2%-0.11%-0.11%2.14%0.19%
EBITDA+4.93M44.41M40.13M36.41M112.95M139.58M
EBITDA Margin %0.04%0.16%0.1%0.07%0.16%0.12%
EBITDA Growth %-8.01%-0.1%-0.09%2.1%0.24%
D&A (Non-Cash Add-back)128K227K775K1.39M2.87M8.96M
EBIT4.8M45.32M38.03M31.73M116.23M140.87M
Net Interest Income+2K12K228K-96K2.06M9.15M
Interest Income2K58K537K472K3.3M9.4M
Interest Expense046K309K568K1.24M256K
Other Income/Expense01.09M-1.63M-3.86M4.92M9.99M
Pretax Income+4.8M45.27M37.73M31.16M115M140.61M
Pretax Margin %0.04%0.16%0.09%0.06%0.16%0.12%
Income Tax+1.95M7.82M8.47M7.19M20.89M14.81M
Effective Tax Rate %0.59%0.83%0.78%0.77%0.82%0.89%
Net Income+2.86M37.45M29.26M23.97M94.11M125.81M
Net Margin %0.02%0.14%0.07%0.05%0.13%0.11%
Net Income Growth %-12.11%-0.22%-0.18%2.93%0.34%
Net Income (Continuing)2.86M37.45M29.26M23.97M94.11M125.81M
Discontinued Operations000000
Minority Interest000000
EPS (Diluted)+0.303.940.690.602.303.05
EPS Growth %-12.13%-0.82%-0.13%2.83%0.33%
EPS (Basic)0.303.940.690.602.313.06
Diluted Shares Outstanding9.5M9.5M40.24M40.24M40.92M41.2M
Basic Shares Outstanding9.5M9.5M39.75M40.24M40.79M41.08M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+46.56M132.37M172.42M258.12M392.81M547.59M
Cash & Short-Term Investments6.68M61.54M63.2M143.53M183.28M302.43M
Cash Only5.3M61.54M63.2M143.53M183.28M259.76M
Short-Term Investments1.38M000042.67M
Accounts Receivable13.91M24.02M23.17M32.22M70.85M65.35M
Days Sales Outstanding41.5231.8320.422436.7420.55
Inventory21.76M35.58M81.44M78.34M132.25M172.49M
Days Inventory Outstanding79.3664.8191.5870.2693.6971.89
Other Current Assets2.87M8.81M962K2.6M2.7M2.47M
Total Non-Current Assets+2.94M5.97M14.36M160.48M454.1M522.88M
Property, Plant & Equipment2.4M5.94M11.07M157.22M423.54M481.43M
Fixed Asset Turnover50.87x46.37x37.40x3.12x1.66x2.41x
Goodwill000012.59M12.59M
Intangible Assets00008.37M6.2M
Long-Term Investments000000
Other Non-Current Assets535K33K3.21M3.18M8.17M12.64M
Total Assets+49.5M138.34M186.78M418.6M846.91M1.07B
Asset Turnover2.47x1.99x2.22x1.17x0.83x1.08x
Asset Growth %-1.79%0.35%1.24%1.02%0.26%
Total Current Liabilities+22.38M48.91M57.04M102.64M205.77M264.38M
Accounts Payable10.47M11.46M25.14M31.57M69.76M78.16M
Days Payables Outstanding38.1920.8728.2728.3249.4232.58
Short-Term Debt89K392K345K207K00
Deferred Revenue (Current)001000K1000K1000K1000K
Other Current Liabilities6.08M24.68M11.08M21.72M33.58M48.34M
Current Ratio2.08x2.71x3.02x2.51x1.91x2.07x
Quick Ratio1.11x1.98x1.59x1.75x1.27x1.42x
Cash Conversion Cycle82.6975.7783.7365.9481.0259.86
Total Non-Current Liabilities+02.67M3.9M120.8M350.72M400.88M
Long-Term Debt0711K237K000
Capital Lease Obligations01.84M2.35M117.43M343.62M395.62M
Deferred Tax Liabilities00286K472K3.79M941K
Other Non-Current Liabilities0116K1.03M2.89M3.3M4.32M
Total Liabilities22.38M51.57M60.95M223.44M556.49M665.26M
Total Debt+89K4.03M5.27M148.21M403.24M484.28M
Net Debt-5.21M-57.51M-57.93M4.68M219.95M224.52M
Debt / Equity0.00x0.05x0.04x0.76x1.39x1.20x
Debt / EBITDA0.02x0.09x0.13x4.07x3.57x3.47x
Net Debt / EBITDA-1.06x-1.29x-1.44x0.13x1.95x1.61x
Interest Coverage-960.52x127.36x61.66x88.77x510.24x
Total Equity+27.11M86.77M125.83M195.16M290.42M405.22M
Equity Growth %-2.2%0.45%0.55%0.49%0.4%
Book Value per Share2.869.143.134.857.109.84
Total Shareholders' Equity27.11M86.77M125.83M195.16M290.42M405.22M
Common Stock475K475K554K2.03M2.05M2.05M
Retained Earnings-6.03M32.8M60.56M83.59M177.7M298.86M
Treasury Stock000-231K-1.59M-11.82M
Accumulated OCI76K-288K-165K804K-1.07M-4.14M
Minority Interest000000

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+1.16M33.28M8.56M49.66M133.45M158.08M
Operating CF Margin %0.01%0.12%0.02%0.1%0.19%0.14%
Operating CF Growth %-27.77%-0.74%4.8%1.69%0.18%
Net Income2.86M37.45M29.26M23.97M94.11M125.81M
Depreciation & Amortization128K227K775K1.39M2.87M8.52M
Stock-Based Compensation009.68M9.2M2.5M16.82M
Deferred Taxes-221K618K131K183K398K0
Other Non-Cash Items365K-920K3.58M8.93M5.68M29.28M
Working Capital Changes-1.97M-4.1M-34.87M5.99M27.89M-22.36M
Change in Receivables-6.65M-10.12M5.9M-9.16M-5.06M-234K
Change in Inventory-6.87M-13.86M-47.15M2.79M-16.51M-46.88M
Change in Payables9.28M4.14M6.31M6.62M26.02M38.19M
Cash from Investing+-944K-647K-1.82M-709K-90.55M-55.42M
Capital Expenditures-944K-654K-1.82M-709K-4.38M-15.54M
CapEx % of Revenue0.01%0%0%0%0.01%0.01%
Acquisitions------
Investments------
Other Investing07K00462K0
Cash from Financing+89K23.27M-2.96M31.89M-4M-24.97M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing0-2.44M01.58M00
Net Change in Cash------
Free Cash Flow+213K32.63M6.73M48.95M129.07M142.54M
FCF Margin %0%0.12%0.02%0.1%0.18%0.12%
FCF Growth %-152.19%-0.79%6.27%1.64%0.1%
FCF per Share0.023.440.171.223.153.46
FCF Conversion (FCF/Net Income)0.40x0.89x0.29x2.07x1.42x1.26x
Interest Paid046K309K568K1.24M256K
Taxes Paid179K1.66M7.02M8.54M9.51M26.3M

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)10.54%65.78%27.52%14.94%38.76%36.17%
Return on Invested Capital (ROIC)16.44%129.53%60.75%19.62%23.25%17.19%
Gross Margin18.15%27.27%21.63%16.96%26.8%24.57%
Net Margin2.34%13.6%7.06%4.89%13.37%10.84%
Debt / Equity0.00x0.05x0.04x0.76x1.39x1.20x
Interest Coverage-960.52x127.36x61.66x88.77x510.24x
FCF Conversion0.40x0.89x0.29x2.07x1.42x1.26x
Revenue Growth-125.26%50.36%18.32%43.62%64.96%

Revenue by Segment

202220232024
Product-504.65M810.77M
Product Growth--60.66%
Service-199.18M350.27M
Service Growth--75.85%
Packaging service-17.3M29.95M
Packaging service Growth--73.17%
Service, Other16.81M20.6M19.7M
Service, Other Growth-22.51%-4.37%

Revenue by Geography

202220232024
UNITED STATES-373.84M-
UNITED STATES Growth---
GERMANY-71.16M-
GERMANY Growth---
JAPAN-44.35M-
JAPAN Growth---
Others-15.3M-
Others Growth---
HONG KONG-11.19M-
HONG KONG Growth---

Frequently Asked Questions

Valuation & Price

GigaCloud Technology Inc. (GCT) has a price-to-earnings (P/E) ratio of 13.6x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

GigaCloud Technology Inc. (GCT) reported $1.22B in revenue for fiscal year 2024. This represents a 900% increase from $122.3M in 2019.

GigaCloud Technology Inc. (GCT) grew revenue by 65.0% over the past year. This is strong growth.

Yes, GigaCloud Technology Inc. (GCT) is profitable, generating $129.8M in net income for fiscal year 2024 (10.8% net margin).

Dividend & Returns

GigaCloud Technology Inc. (GCT) has a return on equity (ROE) of 36.2%. This is excellent, indicating efficient use of shareholder capital.

GigaCloud Technology Inc. (GCT) generated $188.1M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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