Highway Holdings Limited (HIHO) Revenue History
Annual and quarterly revenue from 1997 to present
HIHO Revenue Over Time (1997–2025)
HIHO Revenue Growth History
13 of 27 years with positive growth- FY1997 revenue growth
- N/A
- FY1998 revenue growth
- +41.6%
- FY1999 revenue growth
- -10.7%
- FY2000 revenue growth
- -19.2%
- FY2002 revenue growth
- +6.8%
- FY2003 revenue growth
- +4.8%
- FY2004 revenue growth
- +24.5%
- FY2005 revenue growth
- +9.2%
- FY2006 revenue growth
- -6.6%
- FY2007 revenue growth
- +21.8%
- FY2008 revenue growth
- +5.4%
- FY2009 revenue growth
- +1.7%
- FY2010 revenue growth
- -35.5%
- FY2011 revenue growth
- +43.3%
- FY2012 revenue growth
- -18.5%
- FY2013 revenue growth
- -13.5%
- FY2014 revenue growth
- +4.6%
- FY2015 revenue growth
- -2.5%
- FY2016 revenue growth
- +2.5%
- FY2017 revenue growth
- -14.5%
- FY2018 revenue growth
- -2.2%
- FY2019 revenue growth
- -25.5%
- FY2020 revenue growth
- -12.0%
- FY2021 revenue growth
- -27.0%
- FY2022 revenue growth
- +34.9%
- FY2023 revenue growth
- -17.2%
- FY2024 revenue growth
- -38.3%
- FY2025 revenue growth
- +17.3%
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $1.2M | -44.3% |
| Q1 2026 | $1.5M | -17.7% |
| Q4 2025 | $1.5M | +4.7% |
| Q3 2025 | $1.9M | -13.6% |
| Q2 2025 | $2.1M | +60.1% |
| Q1 2025 | $1.9M | +39.5% |
| Q4 2024 | $1.4M | -16.2% |
| Q3 2024 | $2.2M | -12.9% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2023)
HIHO's revenue distribution by segment and geography for fiscal year 2023
By Product/Segment
By Geography
HIHO Revenue Analysis (1997–2025)
Current Revenue & Growth
As of June 22, 2026, Highway Holdings Limited (HIHO) generated trailing twelve-month (TTM) revenue of $6.1 million, reflecting significant decline in growth of -44.3% year-over-year. The most recent quarter (Q2 2026) recorded $1.2 million in revenue, down 23.7% sequentially.
Historical Growth Trajectory
HIHO's 5-year compound annual growth rate (CAGR) stands at -10.0%, indicating revenue contraction over this period. The 3-year CAGR of -15.7% is below the 5-year average, signalling a growth deceleration in recent years. Highway Holdings Limited's highest annual revenue of $33.7 million was recorded in 2009.
Revenue by Segment
HIHO's revenue is primarily driven by Electric Member (100%). With over half of revenue concentrated in Electric Member, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Industrials sector peers — including FLXS (+6.4% YoY), DAKT (+0.4% YoY), and LYTS (+13.2% YoY) — HIHO has underperformed the peer group in revenue growth. Compare HIHO vs FLXS →
HIHO Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| HIHOCurrent | $6M | -44.3% | -10.0% | -7.2% | |
 FLXS | $441M | +6.4% | +3.7% | 6.0% | |
 DAKT | $756M | +0.4% | +4.4% | 4.4% | |
 LYTS | $573M | +13.2% | +13.4% | 6.2% | |
 CIX | $158M | +7.0% | +6.7% | 14.3% | |
 TWIN | $341M | +10.7% | +6.7% | 2.9% |
HIHO Historical Revenue Data (1997–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $7.4M | +17.3% | $2.5M | 33.3% | $-535,000 | -7.2% |
| 2024 | $6.3M | -38.3% | $1.7M | 27.0% | $-769,000 | -12.2% |
| 2023 | $10.2M | -17.2% | $3.1M | 30.7% | $-477,000 | -4.7% |
| 2022 | $12.4M | +34.9% | $3.8M | 30.5% | $567K | 4.6% |
| 2021 | $9.2M | -27.0% | $2.7M | 29.5% | $-616,000 | -6.7% |
| 2020 | $12.6M | -12.0% | $4.2M | 33.1% | $747K | 5.9% |
| 2019 | $14.3M | -25.5% | $3.6M | 25.1% | $-755,000 | -5.3% |
| 2018 | $19.2M | -2.2% | $6.7M | 35.2% | $1.9M | 10.1% |
| 2017 | $19.6M | -14.5% | $5.6M | 28.4% | $761K | 3.9% |
| 2016 | $22.9M | +2.5% | $5.9M | 25.8% | $1.5M | 6.6% |
| 2015 | $22.4M | -2.5% | $5.7M | 25.6% | $1.3M | 5.7% |
| 2014 | $22.9M | +4.6% | $5.5M | 23.8% | $793K | 3.5% |
| 2013 | $21.9M | -13.5% | $4.9M | 22.4% | $355K | 1.6% |
| 2012 | $25.4M | -18.5% | $5.1M | 20.2% | $230K | 0.9% |
| 2011 | $31.1M | +43.3% | $6.5M | 21.0% | $1.7M | 5.4% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
29+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
HIHO — Frequently Asked Questions
Quick answers to the most common questions about buying HIHO stock.
Is HIHO's revenue growth accelerating or slowing?
HIHO revenue is declining -44.3% year-over-year. TTM revenue fell to $6M, contrasting with the 5-year CAGR of -10.0%. The reversal reflects either macro headwinds or company-specific challenges.
What is HIHO's revenue history from 1997 to 2026?
Highway Holdings Limited (HIHO) revenue history spans 1997 to 2026. TTM revenue as of 2026 is $6M, growing at -44.3% YoY. The 5-year CAGR is -10.0%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is HIHO's long-term revenue growth rate (CAGR)?
Highway Holdings Limited's 5-year revenue CAGR of -10.0% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -44.3% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for HIHO.
Why does HIHO's quarterly revenue fluctuate?
HIHO quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Highway Holdings Limited's revenue data from 1997 to 2026 shows full historical quarterly detail on this page.
How is HIHO's revenue distributed by segment?
HIHO reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does HIHO's revenue compare to industry peers?
Highway Holdings Limited (HIHO) with TTM revenue of $6M and -44.3% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.