Gulf Resources, Inc. (GURE) 10-Year Financial Performance & Capital Metrics

GURE • • Industrial / General

Basic MaterialsSpecialty ChemicalsIndustrial Gases & Atmospheric ChemicalsIndustrial Gas Producers

AboutGulf Resources, Inc., through its subsidiaries, manufactures and trades bromine and crude salt, chemical products, and natural gas in the People's Republic of China. It provides bromine for use in bromine compounds, intermediates in organic synthesis, brominated flame retardants, fumigants, water purification compounds, dyes, medicines, and disinfectants. The company also offers crude salt for use as a material in alkali and chlorine alkali production; and for use in the chemical, food and beverage, and other industries. In addition, it manufactures and sells chemical products for use in oil and gas field exploration, oil and gas distribution, oil field drilling, papermaking chemical agents, and inorganic chemicals, as well as materials that are used for human and animal antibiotics. The company is based in Shouguang, the People's Republic of China.Show more

Revenue $8M -74.5%
EBITDA -$2M -114.2%
Net Income -$59M +4.6%
EPS (Diluted) -54.90 +7.3%
Gross Margin -208.41% -724.9%
EBITDA Margin -30.1% -155.7%
Operating Margin -277.82% -602.0%
Net Margin -769.29% -274.0%
ROE -33.78% -30.3%
ROIC -11.21% -98.3%
Debt/Equity 0.06 +31.4%
Interest Coverage -231.59 -104.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Trading at only 0.0x book value

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Sales declining 6.3% over 5 years
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-23.64%

5Y-6.28%

3Y-48.17%

TTM-15.26%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM72.09%

EPS CAGR

10Y-

5Y-

3Y-

TTM72.99%

ROCE

10Y Avg-1.46%

5Y Avg-2.48%

3Y Avg-3.58%

Latest-11.64%

Peer Comparison

Industrial Gas Producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LINLinde plc	205.48B	440.04	32.31	0.46%	21.17%	17.69%	2.4%	0.57
OLNOlin Corporation	2.7B	23.63	25.97	-4.29%	0.79%	2.7%	11.43%	1.53
HDSNHudson Technologies, Inc.	319.08M	7.42	14.27	-17.96%	9.6%	8.55%	27.11%	0.03
GUREGulf Resources, Inc.	6.17M	4.01	-0.07	-74.5%	-195.77%	-19.16%		0.06
APDAir Products and Chemicals, Inc.	59.2B	265.98	-150.27	-0.52%	-3.28%	-2.27%		1.06

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	162.32M	149.28M	107.52M	2.59M	10.6M	28.21M	55.03M	66.09M	30.04M	7.66M
Revenue Growth %	0.43%	-0.08%	-0.28%	-0.98%	3.08%	1.66%	0.95%	0.2%	-0.55%	-0.75%
Cost of Goods Sold+	109.04M	94.79M	63.16M	1.31M	5.43M	19.42M	37.85M	40.67M	37.63M	23.63M
COGS % of Revenue	0.67%	0.63%	0.59%	0.5%	0.51%	0.69%	0.69%	0.62%	1.25%	3.08%
Gross Profit+	53.28M	54.49M	44.37M	1.28M	5.17M	8.79M	17.18M	25.42M	-7.59M	-15.97M
Gross Margin %	0.33%	0.37%	0.41%	0.5%	0.49%	0.31%	0.31%	0.38%	-0.25%	-2.08%
Gross Profit Growth %	0.67%	0.02%	-0.19%	-0.97%	3.02%	0.7%	0.95%	0.48%	-1.3%	-1.1%
Operating Expenses+	8.12M	6.77M	33.19M	84.84M	28.46M	18.48M	11.97M	8.94M	4.3M	5.32M
OpEx % of Revenue	0.05%	0.05%	0.31%	32.69%	2.69%	0.65%	0.22%	0.14%	0.14%	0.69%
Selling, General & Admin	7.04M	5.78M	8.82M	11.33M	13.29M	10.28M	9.59M	6.09M	4.3M	5.32M
SG&A % of Revenue	0.04%	0.04%	0.08%	4.37%	1.25%	0.36%	0.17%	0.09%	0.14%	0.69%
Research & Development	230.59K	261.93K	195.19K	0	0	0	0	0	0	0
R&D % of Revenue	0%	0%	0%	-	-	-	-	-	-	-
Other Operating Expenses	841.75K	726.2K	24.18M	73.5M	15.18M	8.19M	2.38M	2.85M	0	0
Operating Income+	45.16M	47.72M	11.17M	-83.55M	-23.29M	-9.68M	5.21M	16.48M	-11.89M	-21.28M
Operating Margin %	0.28%	0.32%	0.1%	-32.2%	-2.2%	-0.34%	0.09%	0.25%	-0.4%	-2.78%
Operating Income Growth %	0.9%	0.06%	-0.77%	-8.48%	0.72%	0.58%	1.54%	2.16%	-1.72%	-0.79%
EBITDA+	75.03M	73.38M	32.35M	-65.35M	-9.23M	6.3M	25.89M	43.38M	16.23M	-2.31M
EBITDA Margin %	0.46%	0.49%	0.3%	-25.18%	-0.87%	0.22%	0.47%	0.66%	0.54%	-0.3%
EBITDA Growth %	0.44%	-0.02%	-0.56%	-3.02%	0.86%	1.68%	3.11%	0.68%	-0.63%	-1.14%
D&A (Non-Cash Add-back)	29.87M	25.65M	21.18M	18.21M	14.06M	15.99M	20.68M	26.9M	28.12M	18.98M
EBIT	45.63M	48.21M	11.73M	-82.89M	-22.85M	-9.39M	5.51M	16.77M	-58.15M	-57.2M
Net Interest Income+	275.24K	312.7K	391.84K	500.69K	301.32K	154.88K	157.99K	164.74K	144.92K	-11.64K
Interest Income	469.27K	487.62K	556.16K	661.11K	446.77K	291.31K	295.17K	286.14K	250.13K	80.26K
Interest Expense	194.04K	174.92K	164.32K	160.42K	145.44K	136.43K	137.18K	121.4K	105.21K	91.9K
Other Income/Expense	275.24K	312.7K	391.84K	500.69K	301.32K	154.88K	162.63K	164.74K	-46.37M	-36M
Pretax Income+	45.44M	48.04M	11.56M	-83.05M	-22.99M	-9.53M	5.37M	16.65M	-58.26M	-57.29M
Pretax Margin %	0.28%	0.32%	0.11%	-32.01%	-2.17%	-0.34%	0.1%	0.25%	-1.94%	-7.48%
Income Tax+	11.37M	11.81M	9.01M	-13.09M	2.81M	-1.11M	6.3M	6.59M	3.54M	1.65M
Effective Tax Rate %	0.75%	0.75%	0.22%	0.84%	1.12%	0.88%	-0.17%	0.6%	1.06%	1.03%
Net Income+	34.07M	36.23M	2.55M	-69.96M	-25.8M	-8.42M	-924.72K	10.06M	-61.8M	-58.94M
Net Margin %	0.21%	0.24%	0.02%	-26.96%	-2.43%	-0.3%	-0.02%	0.15%	-2.06%	-7.69%
Net Income Growth %	0.91%	0.06%	-0.93%	-28.42%	0.63%	0.67%	0.89%	11.88%	-7.14%	0.05%
Net Income (Continuing)	34.07M	36.23M	7.95M	-69.96M	-25.8M	-8.42M	-924.72K	10.06M	-61.8M	-58.94M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	7.40	7.80	2.50	-74.70	-27.30	-8.70	-0.88	10.00	-59.20	-54.90
EPS Growth %	0.61%	0.05%	-0.68%	-30.88%	0.63%	0.68%	0.9%	12.33%	-6.92%	0.07%
EPS (Basic)	7.50	7.80	2.50	-74.70	-27.30	-8.70	-0.88	10.00	-59.20	-54.90
Diluted Shares Outstanding	4.61M	4.66M	936.72K	936.08K	946.54K	965.06K	1.05M	1M	1.04M	1.07M
Basic Shares Outstanding	4.52M	4.63M	935.93K	936.08K	946.54K	965.06K	1.05M	1M	1.04M	1.07M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	190.82M	221.77M	241.51M	187.34M	107.2M	107.31M	115.43M	119.43M	86.07M	17.45M
Cash & Short-Term Investments	133.61M	163.88M	208.91M	179M	100.3M	94.22M	95.77M	108.23M	72.22M	10.08M
Cash Only	133.61M	163.88M	208.91M	179M	100.3M	94.22M	95.77M	108.23M	72.22M	10.08M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	49.98M	51.84M	29.77M	12.51K	4.88M	6.52M	14.53M	5.36M	4.87M	683.64K
Days Sales Outstanding	112.39	126.75	101.05	1.76	168.01	84.4	96.35	29.62	59.2	32.57
Inventory	7.18M	5.88M	1.2M	0	690.09K	419.61K	691.11K	1.6M	577.23K	315.37K
Days Inventory Outstanding	24.04	22.65	6.92	-	46.38	7.89	6.66	14.35	5.6	4.87
Other Current Assets	3.17K	0	0	0	1.33M	6.15M	0	4.24M	8.4M	0
Total Non-Current Assets+	165.92M	143.92M	145.99M	111.2M	172.05M	186.73M	194.42M	173.01M	140.6M	152.01M
Property, Plant & Equipment	128.8M	109.29M	95.61M	82.53M	146.99M	158M	171.15M	158.18M	128.97M	142.39M
Fixed Asset Turnover	1.26x	1.37x	1.12x	0.03x	0.07x	0.18x	0.32x	0.42x	0.23x	0.05x
Goodwill	29.56M	27.67M	29.37M	0	0	0	0	0	0	0
Intangible Assets	5.2M	4.75M	14.48M	9.64M	9.12M	10.13M	10.37M	9.51M	9.77M	9.62M
Long-Term Investments	-135.43M	-113.49M	-109.59M	-91.92M	-9.12M	-10.13M	-23.27M	-9.51M	0	0
Other Non-Current Assets	135.43M	113.49M	109.59M	91.92M	9.12M	10.13M	23.27M	9.51M	9.77M	0
Total Assets+	356.74M	365.69M	387.5M	298.55M	279.25M	294.04M	309.86M	292.43M	226.67M	169.46M
Asset Turnover	0.45x	0.41x	0.28x	0.01x	0.04x	0.10x	0.18x	0.23x	0.13x	0.05x
Asset Growth %	0.1%	0.03%	0.06%	-0.23%	-0.06%	0.05%	0.05%	-0.06%	-0.22%	-0.25%
Total Current Liabilities+	16.08M	13.95M	3.67M	2.62M	6.31M	7.1M	13.89M	11.78M	12.59M	17.73M
Accounts Payable	9.97M	8.25M	956.35K	332.42K	3.81M	479.96K	202.29K	57.65K	206.98K	30K
Days Payables Outstanding	33.38	31.76	5.53	92.6	255.79	9.02	1.95	0.52	2.01	0.46
Short-Term Debt	196.78K	187.68K	203.21K	197.48K	615.11K	694.42K	0	646.79K	0	0
Deferred Revenue (Current)	1000K	1000K	442.51K	1000K	0	0	0	1000K	42.7K	0
Other Current Liabilities	4.18M	3.89M	1.93M	-197.48K	3.7M	4.91M	12.69M	8.36M	11.47M	0
Current Ratio	11.87x	15.90x	65.88x	71.40x	17.00x	15.11x	8.31x	10.14x	6.84x	0.98x
Quick Ratio	11.42x	15.48x	65.55x	71.40x	16.89x	15.05x	8.26x	10.01x	6.79x	0.97x
Cash Conversion Cycle	103.05	117.64	102.44	-	-41.39	83.27	101.06	43.45	62.79	36.98
Total Non-Current Liabilities+	2.56M	2.28M	7.27M	2.07M	9.84M	9.91M	9.33M	9.04M	8.84M	8.02M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	2.56M	2.28M	2.3M	2.07M	9.84M	9.91M	9.33M	9.04M	8.84M	8.02M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	0	0
Total Liabilities	18.63M	16.23M	10.94M	4.69M	16.14M	17.01M	23.22M	20.81M	21.42M	25.75M
Total Debt+	2.75M	2.47M	2.51M	2.27M	10.45M	10.61M	10.06M	9.68M	9.48M	8.73M
Net Debt	-130.85M	-161.41M	-206.4M	-176.73M	-89.85M	-83.62M	-85.71M	-98.54M	-62.74M	-1.35M
Debt / Equity	0.01x	0.01x	0.01x	0.01x	0.04x	0.04x	0.04x	0.04x	0.05x	0.06x
Debt / EBITDA	0.04x	0.03x	0.08x	-	-	1.68x	0.39x	0.22x	0.58x	-
Net Debt / EBITDA	-1.74x	-2.20x	-6.38x	-	-	-13.26x	-3.31x	-2.27x	-3.86x	-
Interest Coverage	232.76x	272.83x	67.99x	-520.83x	-160.16x	-70.98x	37.99x	135.76x	-113.02x	-231.59x
Total Equity+	338.11M	349.46M	376.56M	293.85M	263.11M	277.02M	286.64M	271.62M	205.25M	143.71M
Equity Growth %	0.08%	0.03%	0.08%	-0.22%	-0.1%	0.05%	0.03%	-0.05%	-0.24%	-0.3%
Book Value per Share	73.33	74.95	402.00	313.92	277.97	287.05	273.72	270.56	196.67	133.97
Total Shareholders' Equity	338.11M	349.46M	376.56M	293.85M	263.11M	277.02M	286.64M	271.62M	205.25M	143.71M
Common Stock	23.14K	23.52K	23.52K	23.52K	23.9K	24.14K	24.38K	24.48K	24.62K	24.62K
Retained Earnings	235.63M	271.85M	274.4M	209.84M	184.04M	175.62M	174.7M	184.76M	96.29M	37.36M
Treasury Stock	-599.44K	-577.14K	-554.87K	-554.87K	-510.33K	-510.33K	-510.33K	-1.37M	-1.37M	-1.37M
Accumulated OCI	8.94M	-15.99M	8.16M	-10.48M	-15.49M	4.45M	11.86M	-13.03M	-18.05M	5.81M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	70.4M	55.22M	62.75M	17.34M	-15.31M	9.31M	23.31M	51.15M	-32.75M	675.07K
Operating CF Margin %	0.43%	0.37%	0.58%	6.68%	-1.44%	0.33%	0.42%	0.77%	-1.09%	0.09%
Operating CF Growth %	0.51%	-0.22%	0.14%	-0.72%	-1.88%	1.61%	1.51%	1.19%	-1.64%	1.02%
Net Income	34.07M	36.23M	2.55M	-69.96M	-25.8M	-8.42M	-924.72K	10.06M	-61.8M	-58.94M
Depreciation & Amortization	29.87M	25.65M	21.18M	18.21M	14.06M	15.99M	20.54M	26.9M	28.03M	18.98M
Stock-Based Compensation	374.6K	40.3K	372.4K	496.2K	45.9K	2.39M	3.13M	668K	451.35K	194.7K
Deferred Taxes	-83.86K	3.01K	-4.13M	-13.09M	2.75M	-1.11M	6.3M	6.59M	3.22M	1.63M
Other Non-Cash Items	-403.36K	-366.26K	19.36M	50.88M	-255.18K	1.97M	918.37K	563.64K	328.12K	38.6M
Working Capital Changes	6.58M	-6.34M	23.41M	30.81M	-6.11M	-1.51M	-6.66M	6.38M	-2.98M	205.71K
Change in Receivables	7.39M	-6.17M	26.11M	30.24M	-5.07M	-1.16M	-7.75M	8.2M	403.21K	4.18M
Change in Inventory	-592.84K	901.53K	4.88M	1.19M	-700.48K	292.1K	-260K	-938.92K	769.54K	-733.3K
Change in Payables	-1.01M	-868.16K	-8M	-704.15K	-102.96K	342.79K	2.86M	-820.63K	1.11M	-2.19M
Cash from Investing+	-75.77M	-14.96M	-28.42M	-35.95M	-60.61M	-21.72M	-30.09M	-37.56M	0	-60.55M
Capital Expenditures	-23.54M	-17.67M	-28.42M	-35.95M	-60.61M	-21.72M	-30.09M	-37.56M	1	-60.53M
CapEx % of Revenue	0.15%	0.12%	0.26%	13.86%	5.72%	0.77%	0.55%	0.57%	0%	7.9%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	14.07M	2.71M	-10.48M	-680.98K	0	0	0	0	0	-25.27K
Cash from Financing+	-344.4K	-287.39K	-273.87K	-294.3K	-275.51K	-264.98K	-290.6K	-264.86K	-267.81K	-249.24K
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	0	0	0	0	0	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	46.86M	37.55M	34.33M	-18.61M	-75.92M	-12.41M	-6.78M	13.59M	-32.75M	-59.85M
FCF Margin %	0.29%	0.25%	0.32%	-7.17%	-7.16%	-0.44%	-0.12%	0.21%	-1.09%	-7.81%
FCF Growth %	0.19%	-0.2%	-0.09%	-1.54%	-3.08%	0.84%	0.45%	3%	-3.41%	-0.83%
FCF per Share	10.16	8.05	36.65	-19.88	-80.21	-12.86	-6.48	13.54	-31.38	-55.80
FCF Conversion (FCF/Net Income)	2.07x	1.52x	24.60x	-0.25x	0.59x	-1.11x	-25.21x	5.08x	0.53x	-0.01x
Interest Paid	0	0	0	0	0	0	136.71K	120.33K	96.91K	91.9K
Taxes Paid	10.75M	12.14M	11.11M	0	0	0	13.82M	10.08M	6.41M	1.52M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.48%	10.54%	0.7%	-20.87%	-9.26%	-3.12%	-0.33%	3.6%	-25.92%	-33.78%
Return on Invested Capital (ROIC)	18.03%	18.11%	4.68%	-43.63%	-12.03%	-3.96%	1.98%	6.61%	-5.65%	-11.21%
Gross Margin	32.83%	36.5%	41.26%	49.51%	48.75%	31.17%	31.22%	38.46%	-25.27%	-208.41%
Net Margin	20.99%	24.27%	2.37%	-2696.17%	-243.48%	-29.85%	-1.68%	15.22%	-205.68%	-769.29%
Debt / Equity	0.01x	0.01x	0.01x	0.01x	0.04x	0.04x	0.04x	0.04x	0.05x	0.06x
Interest Coverage	232.76x	272.83x	67.99x	-520.83x	-160.16x	-70.98x	37.99x	135.76x	-113.02x	-231.59x
FCF Conversion	2.07x	1.52x	24.60x	-0.25x	0.59x	-1.11x	-25.21x	5.08x	0.53x	-0.01x
Revenue Growth	42.81%	-8.04%	-27.97%	-97.59%	308.35%	166.19%	95.1%	20.11%	-54.54%	-74.5%

Revenue by Segment

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
Natural Gas	-	-	-	-	-	-	-	-	-	150.86K
Natural Gas Growth	-	-	-	-	-	-	-	-	-	-
Corporate	-	-	-	-	-	-	-	-	-	-
Corporate Growth	-	-	-	-	-	-	-	-	-	-
Crude Salt	-	-	-	-	-	-	-	-	-	-
Crude Salt Growth	-	-	-	-	-	-	-	-	-	-
Chemical Products	-	-	-	-	-	-	-	-	-	-
Chemical Products Growth	-	-	-	-	-	-	-	-	-	-
Segment Total	-	-	-	-	-	-	-	-	-	-
Segment Total Growth	-	-	-	-	-	-	-	-	-	-
Bromine	-	-	-	-	-	-	-	-	-	-
Bromine Growth	-	-	-	-	-	-	-	-	-	-
Total Revenue	-	-	-	-	-	-	-	9.43M	8.06M	-
Total Revenue Growth	-	-	-	-	-	-	-	-	-14.54%	-
Bromine	8.52K	-	9.82K	7.85K	-	1.63M	3.19M	-	-	-
Bromine Growth	-	-	-	-20.07%	-	-	95.70%	-	-	-
Crude Salt	2.58K	-	2.68K	2.95K	543	154K	1.08M	-	-	-
Crude Salt Growth	-	-	-	10.23%	-81.61%	28260.96%	603.25%	-	-	-
Chemical Products	6.48K	-	5.35K	3.46K	-	-	-	-	-	-
Chemical Products Growth	-	-	-	-35.23%	-	-	-	-	-	-
SCRC	-	51.27M	-	-	-	-	-	-	-	-
SCRC Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Gulf Resources, Inc. (GURE) reported $13.9M in revenue for fiscal year 2024. This represents a 92% decrease from $165.0M in 2011.

Gulf Resources, Inc. (GURE) saw revenue decline by 74.5% over the past year.

Gulf Resources, Inc. (GURE) reported a net loss of $27.2M for fiscal year 2024.

Dividend & Returns

Gulf Resources, Inc. (GURE) has a return on equity (ROE) of -33.8%. Negative ROE indicates the company is unprofitable.

Gulf Resources, Inc. (GURE) had negative free cash flow of $0.5M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Gulf Resources, Inc. (GURE) 10-Year Financial Performance & Capital Metrics

GURE • • Industrial / General

Basic MaterialsSpecialty ChemicalsIndustrial Gases & Atmospheric ChemicalsIndustrial Gas Producers

Revenue $8M -74.5%
EBITDA -$2M -114.2%
Net Income -$59M +4.6%
EPS (Diluted) -54.90 +7.3%
Gross Margin -208.41% -724.9%
EBITDA Margin -30.1% -155.7%
Operating Margin -277.82% -602.0%
Net Margin -769.29% -274.0%
ROE -33.78% -30.3%
ROIC -11.21% -98.3%
Debt/Equity 0.06 +31.4%
Interest Coverage -231.59 -104.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Trading at only 0.0x book value

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Sales declining 6.3% over 5 years
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-23.64%

5Y-6.28%

3Y-48.17%

TTM-15.26%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM72.09%

EPS CAGR

10Y-

5Y-

3Y-

TTM72.99%

ROCE

10Y Avg-1.46%

5Y Avg-2.48%

3Y Avg-3.58%

Latest-11.64%

Peer Comparison

Industrial Gas Producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LINLinde plc	205.48B	440.04	32.31	0.46%	21.17%	17.69%	2.4%	0.57
OLNOlin Corporation	2.7B	23.63	25.97	-4.29%	0.79%	2.7%	11.43%	1.53
HDSNHudson Technologies, Inc.	319.08M	7.42	14.27	-17.96%	9.6%	8.55%	27.11%	0.03
GUREGulf Resources, Inc.	6.17M	4.01	-0.07	-74.5%	-195.77%	-19.16%		0.06
APDAir Products and Chemicals, Inc.	59.2B	265.98	-150.27	-0.52%	-3.28%	-2.27%		1.06

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	162.32M	149.28M	107.52M	2.59M	10.6M	28.21M	55.03M	66.09M	30.04M	7.66M
Revenue Growth %	0.43%	-0.08%	-0.28%	-0.98%	3.08%	1.66%	0.95%	0.2%	-0.55%	-0.75%
Cost of Goods Sold+	109.04M	94.79M	63.16M	1.31M	5.43M	19.42M	37.85M	40.67M	37.63M	23.63M
COGS % of Revenue	0.67%	0.63%	0.59%	0.5%	0.51%	0.69%	0.69%	0.62%	1.25%	3.08%
Gross Profit+	53.28M	54.49M	44.37M	1.28M	5.17M	8.79M	17.18M	25.42M	-7.59M	-15.97M
Gross Margin %	0.33%	0.37%	0.41%	0.5%	0.49%	0.31%	0.31%	0.38%	-0.25%	-2.08%
Gross Profit Growth %	0.67%	0.02%	-0.19%	-0.97%	3.02%	0.7%	0.95%	0.48%	-1.3%	-1.1%
Operating Expenses+	8.12M	6.77M	33.19M	84.84M	28.46M	18.48M	11.97M	8.94M	4.3M	5.32M
OpEx % of Revenue	0.05%	0.05%	0.31%	32.69%	2.69%	0.65%	0.22%	0.14%	0.14%	0.69%
Selling, General & Admin	7.04M	5.78M	8.82M	11.33M	13.29M	10.28M	9.59M	6.09M	4.3M	5.32M
SG&A % of Revenue	0.04%	0.04%	0.08%	4.37%	1.25%	0.36%	0.17%	0.09%	0.14%	0.69%
Research & Development	230.59K	261.93K	195.19K	0	0	0	0	0	0	0
R&D % of Revenue	0%	0%	0%	-	-	-	-	-	-	-
Other Operating Expenses	841.75K	726.2K	24.18M	73.5M	15.18M	8.19M	2.38M	2.85M	0	0
Operating Income+	45.16M	47.72M	11.17M	-83.55M	-23.29M	-9.68M	5.21M	16.48M	-11.89M	-21.28M
Operating Margin %	0.28%	0.32%	0.1%	-32.2%	-2.2%	-0.34%	0.09%	0.25%	-0.4%	-2.78%
Operating Income Growth %	0.9%	0.06%	-0.77%	-8.48%	0.72%	0.58%	1.54%	2.16%	-1.72%	-0.79%
EBITDA+	75.03M	73.38M	32.35M	-65.35M	-9.23M	6.3M	25.89M	43.38M	16.23M	-2.31M
EBITDA Margin %	0.46%	0.49%	0.3%	-25.18%	-0.87%	0.22%	0.47%	0.66%	0.54%	-0.3%
EBITDA Growth %	0.44%	-0.02%	-0.56%	-3.02%	0.86%	1.68%	3.11%	0.68%	-0.63%	-1.14%
D&A (Non-Cash Add-back)	29.87M	25.65M	21.18M	18.21M	14.06M	15.99M	20.68M	26.9M	28.12M	18.98M
EBIT	45.63M	48.21M	11.73M	-82.89M	-22.85M	-9.39M	5.51M	16.77M	-58.15M	-57.2M
Net Interest Income+	275.24K	312.7K	391.84K	500.69K	301.32K	154.88K	157.99K	164.74K	144.92K	-11.64K
Interest Income	469.27K	487.62K	556.16K	661.11K	446.77K	291.31K	295.17K	286.14K	250.13K	80.26K
Interest Expense	194.04K	174.92K	164.32K	160.42K	145.44K	136.43K	137.18K	121.4K	105.21K	91.9K
Other Income/Expense	275.24K	312.7K	391.84K	500.69K	301.32K	154.88K	162.63K	164.74K	-46.37M	-36M
Pretax Income+	45.44M	48.04M	11.56M	-83.05M	-22.99M	-9.53M	5.37M	16.65M	-58.26M	-57.29M
Pretax Margin %	0.28%	0.32%	0.11%	-32.01%	-2.17%	-0.34%	0.1%	0.25%	-1.94%	-7.48%
Income Tax+	11.37M	11.81M	9.01M	-13.09M	2.81M	-1.11M	6.3M	6.59M	3.54M	1.65M
Effective Tax Rate %	0.75%	0.75%	0.22%	0.84%	1.12%	0.88%	-0.17%	0.6%	1.06%	1.03%
Net Income+	34.07M	36.23M	2.55M	-69.96M	-25.8M	-8.42M	-924.72K	10.06M	-61.8M	-58.94M
Net Margin %	0.21%	0.24%	0.02%	-26.96%	-2.43%	-0.3%	-0.02%	0.15%	-2.06%	-7.69%
Net Income Growth %	0.91%	0.06%	-0.93%	-28.42%	0.63%	0.67%	0.89%	11.88%	-7.14%	0.05%
Net Income (Continuing)	34.07M	36.23M	7.95M	-69.96M	-25.8M	-8.42M	-924.72K	10.06M	-61.8M	-58.94M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	7.40	7.80	2.50	-74.70	-27.30	-8.70	-0.88	10.00	-59.20	-54.90
EPS Growth %	0.61%	0.05%	-0.68%	-30.88%	0.63%	0.68%	0.9%	12.33%	-6.92%	0.07%
EPS (Basic)	7.50	7.80	2.50	-74.70	-27.30	-8.70	-0.88	10.00	-59.20	-54.90
Diluted Shares Outstanding	4.61M	4.66M	936.72K	936.08K	946.54K	965.06K	1.05M	1M	1.04M	1.07M
Basic Shares Outstanding	4.52M	4.63M	935.93K	936.08K	946.54K	965.06K	1.05M	1M	1.04M	1.07M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	190.82M	221.77M	241.51M	187.34M	107.2M	107.31M	115.43M	119.43M	86.07M	17.45M
Cash & Short-Term Investments	133.61M	163.88M	208.91M	179M	100.3M	94.22M	95.77M	108.23M	72.22M	10.08M
Cash Only	133.61M	163.88M	208.91M	179M	100.3M	94.22M	95.77M	108.23M	72.22M	10.08M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	49.98M	51.84M	29.77M	12.51K	4.88M	6.52M	14.53M	5.36M	4.87M	683.64K
Days Sales Outstanding	112.39	126.75	101.05	1.76	168.01	84.4	96.35	29.62	59.2	32.57
Inventory	7.18M	5.88M	1.2M	0	690.09K	419.61K	691.11K	1.6M	577.23K	315.37K
Days Inventory Outstanding	24.04	22.65	6.92	-	46.38	7.89	6.66	14.35	5.6	4.87
Other Current Assets	3.17K	0	0	0	1.33M	6.15M	0	4.24M	8.4M	0
Total Non-Current Assets+	165.92M	143.92M	145.99M	111.2M	172.05M	186.73M	194.42M	173.01M	140.6M	152.01M
Property, Plant & Equipment	128.8M	109.29M	95.61M	82.53M	146.99M	158M	171.15M	158.18M	128.97M	142.39M
Fixed Asset Turnover	1.26x	1.37x	1.12x	0.03x	0.07x	0.18x	0.32x	0.42x	0.23x	0.05x
Goodwill	29.56M	27.67M	29.37M	0	0	0	0	0	0	0
Intangible Assets	5.2M	4.75M	14.48M	9.64M	9.12M	10.13M	10.37M	9.51M	9.77M	9.62M
Long-Term Investments	-135.43M	-113.49M	-109.59M	-91.92M	-9.12M	-10.13M	-23.27M	-9.51M	0	0
Other Non-Current Assets	135.43M	113.49M	109.59M	91.92M	9.12M	10.13M	23.27M	9.51M	9.77M	0
Total Assets+	356.74M	365.69M	387.5M	298.55M	279.25M	294.04M	309.86M	292.43M	226.67M	169.46M
Asset Turnover	0.45x	0.41x	0.28x	0.01x	0.04x	0.10x	0.18x	0.23x	0.13x	0.05x
Asset Growth %	0.1%	0.03%	0.06%	-0.23%	-0.06%	0.05%	0.05%	-0.06%	-0.22%	-0.25%
Total Current Liabilities+	16.08M	13.95M	3.67M	2.62M	6.31M	7.1M	13.89M	11.78M	12.59M	17.73M
Accounts Payable	9.97M	8.25M	956.35K	332.42K	3.81M	479.96K	202.29K	57.65K	206.98K	30K
Days Payables Outstanding	33.38	31.76	5.53	92.6	255.79	9.02	1.95	0.52	2.01	0.46
Short-Term Debt	196.78K	187.68K	203.21K	197.48K	615.11K	694.42K	0	646.79K	0	0
Deferred Revenue (Current)	1000K	1000K	442.51K	1000K	0	0	0	1000K	42.7K	0
Other Current Liabilities	4.18M	3.89M	1.93M	-197.48K	3.7M	4.91M	12.69M	8.36M	11.47M	0
Current Ratio	11.87x	15.90x	65.88x	71.40x	17.00x	15.11x	8.31x	10.14x	6.84x	0.98x
Quick Ratio	11.42x	15.48x	65.55x	71.40x	16.89x	15.05x	8.26x	10.01x	6.79x	0.97x
Cash Conversion Cycle	103.05	117.64	102.44	-	-41.39	83.27	101.06	43.45	62.79	36.98
Total Non-Current Liabilities+	2.56M	2.28M	7.27M	2.07M	9.84M	9.91M	9.33M	9.04M	8.84M	8.02M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	2.56M	2.28M	2.3M	2.07M	9.84M	9.91M	9.33M	9.04M	8.84M	8.02M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	0	0	0	0
Total Liabilities	18.63M	16.23M	10.94M	4.69M	16.14M	17.01M	23.22M	20.81M	21.42M	25.75M
Total Debt+	2.75M	2.47M	2.51M	2.27M	10.45M	10.61M	10.06M	9.68M	9.48M	8.73M
Net Debt	-130.85M	-161.41M	-206.4M	-176.73M	-89.85M	-83.62M	-85.71M	-98.54M	-62.74M	-1.35M
Debt / Equity	0.01x	0.01x	0.01x	0.01x	0.04x	0.04x	0.04x	0.04x	0.05x	0.06x
Debt / EBITDA	0.04x	0.03x	0.08x	-	-	1.68x	0.39x	0.22x	0.58x	-
Net Debt / EBITDA	-1.74x	-2.20x	-6.38x	-	-	-13.26x	-3.31x	-2.27x	-3.86x	-
Interest Coverage	232.76x	272.83x	67.99x	-520.83x	-160.16x	-70.98x	37.99x	135.76x	-113.02x	-231.59x
Total Equity+	338.11M	349.46M	376.56M	293.85M	263.11M	277.02M	286.64M	271.62M	205.25M	143.71M
Equity Growth %	0.08%	0.03%	0.08%	-0.22%	-0.1%	0.05%	0.03%	-0.05%	-0.24%	-0.3%
Book Value per Share	73.33	74.95	402.00	313.92	277.97	287.05	273.72	270.56	196.67	133.97
Total Shareholders' Equity	338.11M	349.46M	376.56M	293.85M	263.11M	277.02M	286.64M	271.62M	205.25M	143.71M
Common Stock	23.14K	23.52K	23.52K	23.52K	23.9K	24.14K	24.38K	24.48K	24.62K	24.62K
Retained Earnings	235.63M	271.85M	274.4M	209.84M	184.04M	175.62M	174.7M	184.76M	96.29M	37.36M
Treasury Stock	-599.44K	-577.14K	-554.87K	-554.87K	-510.33K	-510.33K	-510.33K	-1.37M	-1.37M	-1.37M
Accumulated OCI	8.94M	-15.99M	8.16M	-10.48M	-15.49M	4.45M	11.86M	-13.03M	-18.05M	5.81M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	70.4M	55.22M	62.75M	17.34M	-15.31M	9.31M	23.31M	51.15M	-32.75M	675.07K
Operating CF Margin %	0.43%	0.37%	0.58%	6.68%	-1.44%	0.33%	0.42%	0.77%	-1.09%	0.09%
Operating CF Growth %	0.51%	-0.22%	0.14%	-0.72%	-1.88%	1.61%	1.51%	1.19%	-1.64%	1.02%
Net Income	34.07M	36.23M	2.55M	-69.96M	-25.8M	-8.42M	-924.72K	10.06M	-61.8M	-58.94M
Depreciation & Amortization	29.87M	25.65M	21.18M	18.21M	14.06M	15.99M	20.54M	26.9M	28.03M	18.98M
Stock-Based Compensation	374.6K	40.3K	372.4K	496.2K	45.9K	2.39M	3.13M	668K	451.35K	194.7K
Deferred Taxes	-83.86K	3.01K	-4.13M	-13.09M	2.75M	-1.11M	6.3M	6.59M	3.22M	1.63M
Other Non-Cash Items	-403.36K	-366.26K	19.36M	50.88M	-255.18K	1.97M	918.37K	563.64K	328.12K	38.6M
Working Capital Changes	6.58M	-6.34M	23.41M	30.81M	-6.11M	-1.51M	-6.66M	6.38M	-2.98M	205.71K
Change in Receivables	7.39M	-6.17M	26.11M	30.24M	-5.07M	-1.16M	-7.75M	8.2M	403.21K	4.18M
Change in Inventory	-592.84K	901.53K	4.88M	1.19M	-700.48K	292.1K	-260K	-938.92K	769.54K	-733.3K
Change in Payables	-1.01M	-868.16K	-8M	-704.15K	-102.96K	342.79K	2.86M	-820.63K	1.11M	-2.19M
Cash from Investing+	-75.77M	-14.96M	-28.42M	-35.95M	-60.61M	-21.72M	-30.09M	-37.56M	0	-60.55M
Capital Expenditures	-23.54M	-17.67M	-28.42M	-35.95M	-60.61M	-21.72M	-30.09M	-37.56M	1	-60.53M
CapEx % of Revenue	0.15%	0.12%	0.26%	13.86%	5.72%	0.77%	0.55%	0.57%	0%	7.9%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	14.07M	2.71M	-10.48M	-680.98K	0	0	0	0	0	-25.27K
Cash from Financing+	-344.4K	-287.39K	-273.87K	-294.3K	-275.51K	-264.98K	-290.6K	-264.86K	-267.81K	-249.24K
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	0	0	0	0	0	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	46.86M	37.55M	34.33M	-18.61M	-75.92M	-12.41M	-6.78M	13.59M	-32.75M	-59.85M
FCF Margin %	0.29%	0.25%	0.32%	-7.17%	-7.16%	-0.44%	-0.12%	0.21%	-1.09%	-7.81%
FCF Growth %	0.19%	-0.2%	-0.09%	-1.54%	-3.08%	0.84%	0.45%	3%	-3.41%	-0.83%
FCF per Share	10.16	8.05	36.65	-19.88	-80.21	-12.86	-6.48	13.54	-31.38	-55.80
FCF Conversion (FCF/Net Income)	2.07x	1.52x	24.60x	-0.25x	0.59x	-1.11x	-25.21x	5.08x	0.53x	-0.01x
Interest Paid	0	0	0	0	0	0	136.71K	120.33K	96.91K	91.9K
Taxes Paid	10.75M	12.14M	11.11M	0	0	0	13.82M	10.08M	6.41M	1.52M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.48%	10.54%	0.7%	-20.87%	-9.26%	-3.12%	-0.33%	3.6%	-25.92%	-33.78%
Return on Invested Capital (ROIC)	18.03%	18.11%	4.68%	-43.63%	-12.03%	-3.96%	1.98%	6.61%	-5.65%	-11.21%
Gross Margin	32.83%	36.5%	41.26%	49.51%	48.75%	31.17%	31.22%	38.46%	-25.27%	-208.41%
Net Margin	20.99%	24.27%	2.37%	-2696.17%	-243.48%	-29.85%	-1.68%	15.22%	-205.68%	-769.29%
Debt / Equity	0.01x	0.01x	0.01x	0.01x	0.04x	0.04x	0.04x	0.04x	0.05x	0.06x
Interest Coverage	232.76x	272.83x	67.99x	-520.83x	-160.16x	-70.98x	37.99x	135.76x	-113.02x	-231.59x
FCF Conversion	2.07x	1.52x	24.60x	-0.25x	0.59x	-1.11x	-25.21x	5.08x	0.53x	-0.01x
Revenue Growth	42.81%	-8.04%	-27.97%	-97.59%	308.35%	166.19%	95.1%	20.11%	-54.54%	-74.5%

Revenue by Segment

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
Natural Gas	-	-	-	-	-	-	-	-	-	150.86K
Natural Gas Growth	-	-	-	-	-	-	-	-	-	-
Corporate	-	-	-	-	-	-	-	-	-	-
Corporate Growth	-	-	-	-	-	-	-	-	-	-
Crude Salt	-	-	-	-	-	-	-	-	-	-
Crude Salt Growth	-	-	-	-	-	-	-	-	-	-
Chemical Products	-	-	-	-	-	-	-	-	-	-
Chemical Products Growth	-	-	-	-	-	-	-	-	-	-
Segment Total	-	-	-	-	-	-	-	-	-	-
Segment Total Growth	-	-	-	-	-	-	-	-	-	-
Bromine	-	-	-	-	-	-	-	-	-	-
Bromine Growth	-	-	-	-	-	-	-	-	-	-
Total Revenue	-	-	-	-	-	-	-	9.43M	8.06M	-
Total Revenue Growth	-	-	-	-	-	-	-	-	-14.54%	-
Bromine	8.52K	-	9.82K	7.85K	-	1.63M	3.19M	-	-	-
Bromine Growth	-	-	-	-20.07%	-	-	95.70%	-	-	-
Crude Salt	2.58K	-	2.68K	2.95K	543	154K	1.08M	-	-	-
Crude Salt Growth	-	-	-	10.23%	-81.61%	28260.96%	603.25%	-	-	-
Chemical Products	6.48K	-	5.35K	3.46K	-	-	-	-	-	-
Chemical Products Growth	-	-	-	-35.23%	-	-	-	-	-	-
SCRC	-	51.27M	-	-	-	-	-	-	-	-
SCRC Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Gulf Resources, Inc. (GURE) reported $13.9M in revenue for fiscal year 2024. This represents a 92% decrease from $165.0M in 2011.

Gulf Resources, Inc. (GURE) saw revenue decline by 74.5% over the past year.

Gulf Resources, Inc. (GURE) reported a net loss of $27.2M for fiscal year 2024.

Dividend & Returns

Gulf Resources, Inc. (GURE) has a return on equity (ROE) of -33.8%. Negative ROE indicates the company is unprofitable.

Gulf Resources, Inc. (GURE) had negative free cash flow of $0.5M in fiscal year 2024, likely due to heavy capital investments.