Hitek Global Inc. (HKIT) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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Hitek Global Inc. (HKIT) stock price & volume — 10-year historical chart
Hitek Global Inc. (HKIT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Hitek Global Inc. (HKIT) competitors in Vertical industry SaaS applications — business model, growth, and fundamentals comparison
Hitek Global Inc. (HKIT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Hitek Global Inc. (HKIT) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 6.89M | 6.92M | 6.93M | 5.8M | 6.46M | 6.43M | 4.56M | 2.9M | 6.54M |
Revenue Growth % | -0.11% | 0.41% | 0.26% | -16.29% | 11.31% | -0.5% | -29.01% | -36.35% | 125% |
Cost of Goods Sold | 3.21M | 3.04M | 3.19M | 2.63M | 2.58M | 2.89M | 2.64M | 1.9M | 5.85M |
COGS % of Revenue | 46.57% | 43.95% | 45.99% | 45.37% | 39.95% | 44.98% | 57.9% | 65.37% | 89.44% |
Gross Profit | 3.68M▲ 0% | 3.88M▲ 5.3% | 3.75M▼ 3.4% | 3.17M▼ 15.3% | 3.88M▲ 22.3% | 3.54M▼ 8.8% | 1.92M▼ 45.7% | 1.01M▼ 47.6% | 690.47K▼ 31.4% |
Gross Margin % | 53.43% | 56.05% | 54.01% | 54.63% | 60.05% | 55.02% | 42.1% | 34.63% | 10.56% |
Gross Profit Growth % | 98.06% | 5.34% | -3.39% | -15.32% | 22.35% | -8.84% | -45.68% | -47.64% | -31.36% |
Operating Expenses | 1.08M | 1.07M | 1.55M | 1.42M | 1.78M | 1.91M | 1.82M | 2.75M | 2.48M |
OpEx % of Revenue | 15.71% | 15.5% | 22.4% | 24.42% | 27.49% | 29.71% | 39.88% | 94.77% | 37.97% |
Selling, General & Admin | 1.03M | 1.07M | 1.55M | 1.42M | 1.78M | 1.91M | 1.82M | 2.75M | 2.48M |
SG&A % of Revenue | 14.91% | 15.5% | 22.4% | 24.42% | 27.49% | 29.71% | 39.88% | 94.77% | 37.97% |
Research & Development | 24.16K | 26.83K | 25.32K | 35.9K | 43.66K | 0 | 0 | 0 | 0 |
R&D % of Revenue | 0.35% | 0.39% | 0.37% | 0.62% | 0.68% | - | - | - | - |
Other Operating Expenses | 30.78K | -26.83K | -25.32K | -35.9K | -43.66K | 0 | 0 | 0 | 0 |
Operating Income | 2.6M▲ 0% | 2.8M▲ 8.0% | 2.19M▼ 21.8% | 1.75M▼ 20.0% | 2.1M▲ 19.9% | 1.63M▼ 22.6% | 101.06K▼ 93.8% | -1.75M▼ 1828.8% | -1.79M▼ 2.5% |
Operating Margin % | 37.72% | 40.56% | 31.61% | 30.21% | 32.56% | 25.31% | 2.21% | -60.14% | -27.41% |
Operating Income Growth % | 528.68% | 7.97% | -21.84% | -19.99% | 19.94% | -22.64% | -93.79% | -1828.8% | -2.53% |
EBITDA | 2.63M | 2.88M | 2.57M | 2.13M | 2.46M | 1.65M | 151.72K | -1.49M | -1.5M |
EBITDA Margin % | 38.16% | 41.65% | 37.09% | 36.74% | 38.06% | 25.65% | 3.32% | -51.21% | -22.91% |
EBITDA Growth % | 490.96% | 9.58% | -10.7% | -17.09% | 15.33% | -32.94% | -90.8% | -1080.46% | -0.65% |
D&A (Non-Cash Add-back) | 30.78K | 75.5K | 379.86K | 378.59K | 355.74K | 21.88K | 50.66K | 259.55K | 294.19K |
EBIT | 2.6M | 2.8M | 2.19M | 1.75M | 2.21M | 2.15M | 1.91M | -543.01K | 437.58K |
Net Interest Income | -4.02K | -4.68K | -4.84K | 102.18K | 10.52K | 260.2K | 598.01K | 607.29K | 534.48K |
Interest Income | 0 | 0 | 0 | 102.18K | 10.52K | 545.55K | 911.88K | 921.23K | 843.35K |
Interest Expense | 4.02K | 4.68K | 4.84K | 0 | 0 | 285.35K | 313.86K | 313.94K | 308.87K |
Other Income/Expense | 36.12K | -112.41K | 166.12K | 204.32K | 108.68K | 241.75K | 1.49M | 890.2K | 1.92M |
Pretax Income | 2.63M▲ 0% | 2.69M▲ 2.2% | 2.36M▼ 12.4% | 1.96M▼ 17.0% | 2.21M▲ 13.0% | 1.87M▼ 15.5% | 1.59M▼ 14.7% | -856.94K▼ 153.7% | 128.71K▲ 115.0% |
Pretax Margin % | 38.24% | 38.93% | 34.01% | 33.73% | 34.24% | 29.07% | 34.94% | -29.5% | 1.97% |
Income Tax | 498.61K | 472.69K | 339.18K | 269.24K | 542.85K | 453.22K | 546.88K | 39.75K | -51.44K |
Effective Tax Rate % | 18.93% | 17.56% | 14.38% | 13.75% | 24.54% | 24.25% | 34.3% | -4.64% | -39.96% |
Net Income | 2.14M▲ 0% | 2.22M▲ 4.0% | 2.02M▼ 9.0% | 1.69M▼ 16.4% | 1.67M▼ 1.2% | 1.42M▼ 15.2% | 1.05M▼ 26.0% | -896.69K▼ 185.6% | 180.14K▲ 120.1% |
Net Margin % | 31% | 32.09% | 29.12% | 29.09% | 25.84% | 22.02% | 22.96% | -30.87% | 2.76% |
Net Income Growth % | 461.87% | 3.95% | -9.04% | -16.35% | -1.15% | -15.19% | -26% | -185.59% | 120.09% |
Net Income (Continuing) | 2.14M | 2.22M | 2.02M | 1.69M | 1.67M | 1.42M | 1.05M | -896.69K | 180.14K |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | 7.00▲ 0% | 7.50▲ 7.1% | 6.50▼ 13.3% | 7.50▲ 15.4% | 5.50▼ 26.7% | 6.50▲ 18.2% | 3.95▼ 39.2% | -3.12▼ 178.9% | 1.00▲ 132.1% |
EPS Growth % | 473.77% | 7.14% | -13.33% | 15.38% | -26.67% | 18.18% | -39.23% | -178.86% | 132.1% |
EPS (Basic) | 7.50 | 7.50 | 6.50 | 7.50 | 5.50 | 6.50 | 3.95 | -2.18 | 1.00 |
Diluted Shares Outstanding | 219.75K | 299.75K | 311.75K | 219.75K | 299.75K | 219.75K | 265.15K | 287.85K | 172.28K |
Basic Shares Outstanding | 283.75K | 299.75K | 311.75K | 219.76K | 299.75K | 219.75K | 265.15K | 287.85K | 172.28K |
Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
Hitek Global Inc. (HKIT) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 6.88M | 5.74M | 8.02M | 10.78M | 12.97M | 11.18M | 24.79M | 34.19M | 40.79M |
Cash & Short-Term Investments | 2.64M | 2.83M | 2.74M | 4.69M | 7.29M | 5.49M | 18.15M | 30.17M | 21.66M |
Cash Only | 867.57K | 739.62K | 776.22K | 1.86M | 2.09M | 1.2M | 9.31M | 7.24M | 3.61M |
Short-Term Investments | 1.77M | 2.09M | 1.97M | 2.83M | 5.2M | 4.29M | 8.84M | 22.93M | 18.04M |
Accounts Receivable | 1.98M | 1.89M | 3.97M | 3.89M | 3.09M | 4.77M | 6.06M | 2.84M | 18.77M |
Days Sales Outstanding | 104.8 | 99.59 | 208.81 | 244.89 | 174.47 | 271.08 | 484.28 | 356.97 | 1.05K |
Inventory | 277.57K | 72.5K | 513.05K | 119.81K | 409.02K | 430.67K | 557.67K | 154.47K | 79.41K |
Days Inventory Outstanding | 31.59 | 8.71 | 58.73 | 16.61 | 57.84 | 54.36 | 77.03 | 29.69 | 4.96 |
Other Current Assets | 150.31K | 408.4K | 789.61K | 1.17M | 1.03M | 0 | 0 | 0 | 0 |
Total Non-Current Assets | 252.91K | 3.48M | 3.46M | 3.63M | 4.17M | 10.02M | 10.64M | 7.36M | 1.79M |
Property, Plant & Equipment | 252.91K | 1.24M | 847.95K | 504.2K | 156.76K | 129.61K | 406.64K | 744.94K | 475.19K |
Fixed Asset Turnover | 27.23x | 5.58x | 8.18x | 11.51x | 41.22x | 49.60x | 11.22x | 3.90x | 13.75x |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long-Term Investments | 0 | 2.24M | 2.62M | 2.82M | 3.68M | 0 | 1M | 6.61M | 0 |
Other Non-Current Assets | 0 | 2.24M | 2.62M | 3.12M | 4.02M | 9.89M | 9.23M | 6.61M | 1.31M |
Total Assets | 7.14M▲ 0% | 9.22M▲ 29.2% | 11.49M▲ 24.6% | 14.41M▲ 25.4% | 17.14M▲ 19.0% | 21.21M▲ 23.7% | 35.43M▲ 67.1% | 41.54M▲ 17.3% | 42.58M▲ 2.5% |
Asset Turnover | 0.97x | 0.75x | 0.60x | 0.40x | 0.38x | 0.30x | 0.13x | 0.07x | 0.15x |
Asset Growth % | 55.36% | 29.2% | 24.57% | 25.42% | 18.99% | 23.71% | 67.07% | 17.26% | 2.5% |
Total Current Liabilities | 1.96M | 1.92M | 1.97M | 2.38M | 2.79M | 4.2M | 3.37M | 2.61M | 4.95M |
Accounts Payable | 383.52K | 222.94K | 185.22K | 379.41K | 518.74K | 696.73K | 532.13K | 255.95K | 292.06K |
Days Payables Outstanding | 43.64 | 26.77 | 21.2 | 52.59 | 73.35 | 87.95 | 73.5 | 49.19 | 18.24 |
Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 506.58K | 493.16K | 479.5K | 2.65M |
Deferred Revenue (Current) | 877.61K | 795.34K | 763.19K | 752.29K | 784.53K | 977.05K | 171.38K | 66.75K | 73.06K |
Other Current Liabilities | 371.95K | 557.13K | 746.78K | 922.06K | 1.11M | 1.36M | 1.43M | 1.33M | 27.93K |
Current Ratio | 3.52x | 2.99x | 4.08x | 4.53x | 4.65x | 2.66x | 7.35x | 13.08x | 8.23x |
Quick Ratio | 3.38x | 2.95x | 3.82x | 4.48x | 4.50x | 2.56x | 7.18x | 13.02x | 8.22x |
Cash Conversion Cycle | 92.75 | 81.53 | 246.33 | 208.9 | 158.96 | 237.49 | 487.81 | 337.47 | 1.03K |
Total Non-Current Liabilities | 1.26M | 262.64K | 563.66K | 857.36K | 1.23M | 3.47M | 3.72M | 3.65M | 1.62M |
Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 2.17M | 2.11M | 2.05M | 0 |
Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 3.4K | 0 | 0 | 0 |
Deferred Tax Liabilities | 0 | 262.64K | 0 | 0 | 1.23M | 1.3M | 1.6M | 1.6M | 1.62M |
Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 1.6M | 0 | 0 |
Total Liabilities | 1.96M | 2.18M | 2.53M | 3.24M | 4.01M | 7.68M | 7.09M | 6.27M | 6.57M |
Total Debt | 155.38K | 0 | 0 | 0 | 0 | 2.68M | 2.61M | 2.53M | 2.65M |
Net Debt | -712.19K | -739.62K | -776.22K | -1.86M | -2.09M | 1.48M | -6.7M | -4.7M | -966.53K |
Debt / Equity | 0.03x | - | - | - | - | 0.20x | 0.09x | 0.07x | 0.07x |
Debt / EBITDA | 0.06x | - | - | - | - | 1.63x | 17.20x | - | - |
Net Debt / EBITDA | -0.27x | -0.26x | -0.30x | -0.87x | -0.85x | 0.90x | -44.17x | - | - |
Interest Coverage | 645.56x | 599.81x | 453.00x | - | - | 7.55x | 6.08x | -1.73x | 1.42x |
Total Equity | 5.18M▲ 0% | 7.04M▲ 35.8% | 8.96M▲ 27.3% | 11.17M▲ 24.7% | 13.13M▲ 17.6% | 13.53M▲ 3.0% | 28.34M▲ 109.5% | 35.27M▲ 24.5% | 36.01M▲ 2.1% |
Equity Growth % | 120.59% | 35.83% | 27.27% | 24.69% | 17.55% | 3.05% | 109.5% | 24.48% | 2.08% |
Book Value per Share | 23.57 | 23.47 | 28.73 | 50.81 | 43.79 | 61.55 | 106.87 | 122.55 | 209.02 |
Total Shareholders' Equity | 5.18M | 7.04M | 8.96M | 11.17M | 13.13M | 13.53M | 28.34M | 35.27M | 36.01M |
Common Stock | 1.1K | 1.1K | 1.1K | 1.1K | 1.1K | 1.1K | 1.44K | 2.93K | 2.93K |
Retained Earnings | 1.85M | 3.84M | 5.74M | 7.38M | 8.99M | 10.34M | 11.39M | 10.49M | 10.67M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | 700.23K | 571.47K | 588.62K | 1.16M | 1.5M | 556.96K | 226.85K | -139.13K | 416.12K |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hitek Global Inc. (HKIT) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 179.93K | 321.38K | 43.27K | 1.93M | -214.57K | 3.82M | -61.91K | -688.54K | -1.54M |
Operating CF Margin % | 2.61% | 4.65% | 0.62% | 33.3% | -3.32% | 59.48% | -1.36% | -23.7% | -23.5% |
Operating CF Growth % | 1316.36% | 78.61% | -86.54% | 4367.36% | -111.1% | 1882.15% | -101.62% | -1012.12% | -123.06% |
Net Income | 2.14M | 2.22M | 2.02M | 1.69M | 1.67M | 1.42M | 1.05M | -896.69K | 180.14K |
Depreciation & Amortization | 30.78K | 75.5K | 379.86K | 378.59K | 355.74K | 21.88K | 53.83K | 259.55K | 294.19K |
Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes | 392.22K | 371.57K | 306.74K | 242.3K | 340.62K | 177.03K | 339.33K | 39.75K | -51.44K |
Other Non-Cash Items | 26.39K | 0 | -195.03K | -132.74K | -238.97K | -6.56K | -2M | 82.94K | -787.3K |
Working Capital Changes | -2.4M | -2.51M | -2.47M | -244.16K | -2.34M | 2.22M | 500.23K | -174.09K | -1.17M |
Change in Receivables | -553.41K | -2.54M | -2.29M | 1.12M | -521.9K | -1.99M | 957.68K | 2.99M | -2.98M |
Change in Inventory | 232.62K | 168.99K | -378.03K | 397.6K | -276.67K | -57.9K | 667.09K | 59.8K | 79.13K |
Change in Payables | -216.35K | -145.48K | -35.23K | 172.03K | 127.42K | 225.2K | -146.64K | -265.2K | 26.56K |
Cash from Investing | -4.22K | -405.49K | 0 | -865.05K | 400.01K | -7.35M | -6.95M | -9.56M | -2.11M |
Capital Expenditures | -4.22K | -405.49K | 0 | -430.27K | -25.58K | -5.62M | -186.5K | -290.49K | 0 |
CapEx % of Revenue | 0.06% | 5.86% | - | 7.41% | 0.4% | 87.37% | 4.09% | 10% | - |
Acquisitions | 0 | 0 | 0 | 285.35K | 331.01K | 0 | 0 | -1.01M | 0 |
Investments | - | - | - | - | - | - | - | - | - |
Other Investing | 0 | 0 | 0 | -285.35K | -370.55K | 199.46K | -2.92M | 2.44M | 290.44K |
Cash from Financing | 449.07K | 0 | 0 | 0 | 0 | 2.75M | 15.14M | 8.2M | 0 |
Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 2.75M | 0 | 0 | 0 |
Equity Issued (Net) | 449.07K | 0 | 0 | 0 | 0 | 0 | 15.14M | 8.2M | 0 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Financing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net Change in Cash | 652.51K▲ 0% | -127.95K▼ 119.6% | 36.6K▲ 128.6% | 1.09M▲ 2865.0% | 229.75K▼ 78.8% | -888.15K▼ 486.6% | 8.11M▲ 1013.0% | -2.07M▼ 125.6% | -3.62M▼ 74.7% |
Free Cash Flow | 175.71K▲ 0% | -84.11K▼ 147.9% | 43.27K▲ 151.4% | 1.5M▲ 3372.9% | -240.16K▼ 116.0% | -1.79M▼ 646.4% | -587.72K▲ 67.2% | -979.03K▼ 66.6% | -1.54M▼ 56.9% |
FCF Margin % | 2.55% | -1.22% | 0.62% | 25.89% | -3.72% | -27.88% | -12.88% | -33.7% | -23.5% |
FCF Growth % | 2141.21% | -147.87% | 151.44% | 3372.89% | -115.98% | -646.41% | 67.21% | -66.58% | -56.88% |
FCF per Share | 0.80 | -0.28 | 0.14 | 6.84 | -0.80 | -8.16 | -2.22 | -3.40 | -8.91 |
FCF Conversion (FCF/Net Income) | 0.08x | 0.14x | 0.02x | 1.14x | -0.13x | 2.70x | -0.06x | 0.77x | -8.53x |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 263.65K | 287.71K | 51.42K | 0 |
Taxes Paid | 46.21K | 113.26K | 64.46K | 26.3K | 32.65K | 45K | 36.5K | 79.14K | 0 |
Hitek Global Inc. (HKIT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 16.18% | 56.72% | 36.34% | 25.25% | 16.79% | 13.74% | 10.62% | 5% | -2.82% | 0.51% |
Return on Invested Capital (ROIC) | 11.11% | 53.7% | 39.08% | 22.71% | 15.05% | 15.51% | 9.37% | 0.41% | -5.02% | -4.1% |
Gross Margin | 26.95% | 53.43% | 56.05% | 54.01% | 54.63% | 60.05% | 55.02% | 42.1% | 34.63% | 10.56% |
Net Margin | 5.51% | 31% | 32.09% | 29.12% | 29.09% | 25.84% | 22.02% | 22.96% | -30.87% | 2.76% |
Debt / Equity | 0.28x | 0.03x | - | - | - | - | 0.20x | 0.09x | 0.07x | 0.07x |
Interest Coverage | - | 645.56x | 599.81x | 453.00x | - | - | 7.55x | 6.08x | -1.73x | 1.42x |
FCF Conversion | 0.03x | 0.08x | 0.14x | 0.02x | 1.14x | -0.13x | 2.70x | -0.06x | 0.77x | -8.53x |
Revenue Growth | - | -0.11% | 0.41% | 0.26% | -16.29% | 11.31% | -0.5% | -29.01% | -36.35% | 125% |
Hitek Global Inc. (HKIT) stock FAQ — growth, dividends, profitability & financials explained
Hitek Global Inc. (HKIT) reported $9.4M in revenue for fiscal year 2025. This represents a 37% increase from $6.9M in 2016.
Hitek Global Inc. (HKIT) grew revenue by 125.0% over the past year. This is strong growth.
Hitek Global Inc. (HKIT) reported a net loss of $0.7M for fiscal year 2025.
Hitek Global Inc. (HKIT) has a return on equity (ROE) of 0.5%. This is below average, suggesting room for improvement.
Hitek Global Inc. (HKIT) had negative free cash flow of $2.2M in fiscal year 2025, likely due to heavy capital investments.