Hongli Group Inc.(HLP)Earnings, Financials & Key Ratios
HLP•NASDAQ
$0.87
$64M mkt cap·Price updated May 6, 2026
AboutHongli Group Inc., through its subsidiaries, designs, customizes, manufactures, and sells cold roll formed steel profiles for machinery and equipment in the People's Republic of China, South Korea, Japan, the United States, and Sweden. It serves mining and excavation, construction, agriculture, and transportation industries. The company was incorporated in 2021 and is headquartered in Weifang, China. Hongli Group Inc. is a subsidiary of Hongli Development Limited.Show more
- Revenue$14M-11.8%
- EBITDA-$640K-131.0%
- Net Income-$2M-317.6%
- EPS (Diluted)-0.03-134.8%
- Gross Margin32.04%-2.3%
- EBITDA Margin-4.54%-135.1%
- Operating Margin-11.22%-276.0%
- Net Margin-13.34%-346.8%
- ROE-5.04%-200.9%
- ROIC-2.6%-197.4%
- Debt/Equity0.18-59.4%
- Interest Coverage-3.39-313.9%
HLP Key Insights
Hongli Group Inc. (HLP) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Trading at only 1.2x book value
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
- ✗Negative free cash flow
- ✗Low quality earnings: Net income not backed by cash flow
- ✗Shares diluted 100.0% in last year
- ✗Trading more than 30% below 52-week high
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
HLP Price & Volume
Hongli Group Inc. (HLP) stock price & volume — 10-year historical chart
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HLP Growth Metrics
Hongli Group Inc. (HLP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years8.7%
3 Years-13.39%
TTM-28.32%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-116.58%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-114.61%
Return on Capital
10 Years24.58%
5 Years18.55%
3 Years5.54%
Last Year-3.9%
HLP Peer Comparison
Hongli Group Inc. (HLP) competitors in Downstream Steel Construction Products — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 CODA | 134.35M | 11.92 | 32.22 | 30.75% | 14.78% | 7.17% | 0.01 | |
 TANH | 410.59K | 0.36 | -0.05 | -9.25% | 2.59% | 1.82% | 0.04 | |
 CNEY | 4.03M | 0.72 | -0.03 | -30.19% | -29.1% | -24.93% | 0.03 | |
 SGBX | 32.96K | 0.96 | -0.00 | -69.88% | -5.69% | -77.2% | ||
 COCO | 3.92B | 68.64 | 57.68 | 18.17% | 12.59% | 25.43% | 0.04 | |
 CLPS | 25.89M | 0.93 | -3.56 | 15.17% | -1.27% | -6.06% | 0.59 | |
 RETO | 356.46K | 0.65 | -0.04 | -43.49% | -291.88% | -183.45% | 0.00 | |
 PLAG | 15.15M | 2.08 | -2.06 | -61.89% | -430.81% | -47.08% | 0.18 |
Compare HLP vs Peers
Hongli Group Inc. (HLP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
HLP Income Statement
Hongli Group Inc. (HLP) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 |
|---|---|---|---|---|---|---|
| Sales/Revenue | 9.29M | 11.16M | 21.71M | 20.28M | 16M | 14.11M |
| Revenue Growth % | - | 20.07% | 94.58% | -6.59% | -21.13% | -11.83% |
| Cost of Goods Sold | 5.3M | 6.71M | 14.06M | 13.27M | 10.75M | 9.59M |
| COGS % of Revenue | 57.05% | 60.1% | 64.75% | 65.45% | 67.21% | 67.96% |
| Gross Profit | 3.99M▲ 0% | 4.45M▲ 11.5% | 7.65M▲ 71.9% | 7.01M▼ 8.4% | 5.25M▼ 25.2% | 4.52M▼ 13.8% |
| Gross Margin % | 42.95% | 39.9% | 35.25% | 34.55% | 32.79% | 32.04% |
| Gross Profit Growth % | - | 11.54% | 71.91% | -8.44% | -25.15% | -13.84% |
| Operating Expenses | 1.11M | 1.98M | 3.72M | 4.09M | 4.23M | 6.1M |
| OpEx % of Revenue | 11.96% | 17.77% | 17.13% | 20.15% | 26.41% | 43.27% |
| Selling, General & Admin | 1.11M | 1.18M | 2.18M | 2.59M | 3.14M | 6.1M |
| SG&A % of Revenue | 11.96% | 10.6% | 10.06% | 12.78% | 19.66% | 43.27% |
| Research & Development | 325.09K | 643.96K | 1.47M | 1.41M | 962.96K | 818.32K |
| R&D % of Revenue | 3.5% | 5.77% | 6.75% | 6.96% | 6.02% | 5.8% |
| Other Operating Expenses | -325.09K | 156.51K | 68.54K | 82.29K | 117.89K | -818.32K |
| Operating Income | 2.88M▲ 0% | 2.47M▼ 14.3% | 3.94M▲ 59.4% | 2.92M▼ 25.8% | 1.02M▼ 65.1% | -1.58M▼ 255.2% |
| Operating Margin % | 31% | 22.13% | 18.12% | 14.4% | 6.38% | -11.22% |
| Operating Income Growth % | - | -14.27% | 59.36% | -25.77% | -65.07% | -255.16% |
| EBITDA | 3.48M | 3.15M | 4.64M | 3.58M | 2.07M | -640.25K |
| EBITDA Margin % | 37.41% | 28.25% | 21.36% | 17.63% | 12.91% | -4.54% |
| EBITDA Growth % | - | -9.32% | 47.08% | -22.87% | -42.24% | -130.99% |
| D&A (Non-Cash Add-back) | 596.07K | 683.3K | 701.79K | 655.41K | 1.05M | 943.04K |
| EBIT | 2.88M | 2.93M | 3.96M | 3.65M | 1.58M | -1.41M |
| Net Interest Income | -256.16K | -372.55K | -537.52K | -244K | -643K | -466.39K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 256.16K | 372.55K | 537.52K | 244K | 643K | 466.39K |
| Other Income/Expense | -212.76K | 193.93K | -470.12K | 291.11K | -87.97K | -289.95K |
| Pretax Income | 2.67M▲ 0% | 2.66M▼ 0.2% | 3.47M▲ 30.1% | 3.21M▼ 7.3% | 932.46K▼ 71.0% | -1.87M▼ 300.9% |
| Pretax Margin % | 28.71% | 23.87% | 15.96% | 15.84% | 5.83% | -13.28% |
| Income Tax | 588.55K | 239.5K | 263.08K | 280.07K | 67.74K | 8.39K |
| Effective Tax Rate % | 22.06% | 8.99% | 7.59% | 8.72% | 7.26% | -0.45% |
| Net Income | 2.08M▲ 0% | 2.42M▲ 16.6% | 3.2M▲ 32.1% | 2.93M▼ 8.4% | 864.72K▼ 70.5% | -1.88M▼ 317.6% |
| Net Margin % | 22.38% | 21.72% | 14.75% | 14.46% | 5.41% | -13.34% |
| Net Income Growth % | - | 16.57% | 32.11% | -8.43% | -70.51% | -317.6% |
| Net Income (Continuing) | 2.08M | 2.42M | 3.2M | 2.93M | 864.72K | -1.88M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.17▲ 0% | 0.20▲ 17.6% | 0.27▲ 35.0% | 0.24▼ 11.1% | 0.07▼ 69.3% | -0.03▼ 134.8% |
| EPS Growth % | - | 17.65% | 35% | -11.11% | -69.33% | -134.78% |
| EPS (Basic) | 0.17 | 0.20 | 0.27 | 0.24 | 0.07 | -0.03 |
| Diluted Shares Outstanding | 12.06M | 12.06M | 12.06M | 12.06M | 11.75M | 73.44M |
| Basic Shares Outstanding | 12.06M | 12.06M | 12.06M | 12.06M | 11.75M | 73.44M |
| Dividend Payout Ratio | - | - | - | - | - | - |
HLP Balance Sheet
Hongli Group Inc. (HLP) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 |
|---|---|---|---|---|---|---|
| Total Current Assets | 5.2M | 7.09M | 11.4M | 14.06M | 10.82M | 11.94M |
| Cash & Short-Term Investments | 280.84K | 1.43M | 484.39K | 2.09M | 815.67K | 909.72K |
| Cash Only | 280.84K | 1.43M | 484.39K | 2.09M | 775.69K | 909.72K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 39.98K | 0 |
| Accounts Receivable | 3.73M | 3.63M | 6.04M | 7.73M | 6.59M | 6.33M |
| Days Sales Outstanding | 146.5 | 118.78 | 101.49 | 139.15 | 150.4 | 163.84 |
| Inventory | 897.92K | 1.43M | 2.97M | 2.61M | 2.35M | 2.67M |
| Days Inventory Outstanding | 61.82 | 77.62 | 77.06 | 71.86 | 79.77 | 101.82 |
| Other Current Assets | 15.48K | 93.08K | 156.06K | 97.3K | 28.47K | 28.52K |
| Total Non-Current Assets | 4.72M | 4.95M | 10.45M | 22.1M | 21.31M | 53.08M |
| Property, Plant & Equipment | 3.97M | 4.07M | 6M | 13.6M | 11.43M | 10.39M |
| Fixed Asset Turnover | 2.34x | 2.74x | 3.62x | 1.49x | 1.40x | 1.36x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 703.4K | 726.58K | 722.36K | 4.96M | 4.66M | 4.43M |
| Long-Term Investments | 0 | 0 | 0 | 0 | -4.7M | 32.88M |
| Other Non-Current Assets | 44.03K | 147.11K | 3.73M | 3.54M | 9.91M | 5.34M |
| Total Assets | 9.91M▲ 0% | 13.57M▲ 36.9% | 21.85M▲ 61.0% | 36.16M▲ 65.5% | 32.13M▼ 11.2% | 65.01M▲ 102.3% |
| Asset Turnover | 0.94x | 0.82x | 0.99x | 0.56x | 0.50x | 0.22x |
| Asset Growth % | - | 36.9% | 61% | 65.54% | -11.16% | 102.34% |
| Total Current Liabilities | 4.65M | 5.53M | 9.69M | 12.44M | 7.68M | 8.21M |
| Accounts Payable | 475.13K | 950.64K | 2.45M | 2.96M | 1.38M | 1.38M |
| Days Payables Outstanding | 32.71 | 51.74 | 63.56 | 81.31 | 46.82 | 52.55 |
| Short-Term Debt | 3.53M | 3.82M | 5.66M | 6.02M | 5.73M | 6.08M |
| Deferred Revenue (Current) | 36.03K | 16.85K | 169.09K | 57.91K | 178.13K | 219.93K |
| Other Current Liabilities | 400.83K | 600.44K | 691.79K | 2.76M | 228.18K | 0 |
| Current Ratio | 1.12x | 1.28x | 1.18x | 1.13x | 1.41x | 1.45x |
| Quick Ratio | 0.92x | 1.02x | 0.87x | 0.92x | 1.10x | 1.13x |
| Cash Conversion Cycle | 175.61 | 144.67 | 114.99 | 129.7 | 183.35 | 213.1 |
| Total Non-Current Liabilities | 112.12K | 0 | 670.93K | 10.25M | 3.34M | 3.31M |
| Long-Term Debt | 0 | 0 | 0 | 10.15M | 3.34M | 3.31M |
| Capital Lease Obligations | 73.01K | 0 | 292.13K | 46.62K | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 15.22K | 0 | 0 |
| Other Non-Current Liabilities | 39.11K | 0 | 378.8K | 42.22K | 0 | 0 |
| Total Liabilities | 4.76M | 5.53M | 10.36M | 22.69M | 11.02M | 11.52M |
| Total Debt | 3.72M | 3.9M | 6.48M | 16.53M | 9.11M | 9.38M |
| Net Debt | 3.44M | 2.47M | 6M | 14.44M | 8.33M | 8.47M |
| Debt / Equity | 0.72x | 0.49x | 0.56x | 1.23x | 0.43x | 0.18x |
| Debt / EBITDA | 1.07x | 1.24x | 1.40x | 4.62x | 4.41x | - |
| Net Debt / EBITDA | 0.99x | 0.78x | 1.29x | 4.04x | 4.03x | - |
| Interest Coverage | 11.25x | 6.63x | 7.32x | 11.97x | 1.59x | -3.39x |
| Total Equity | 5.15M▲ 0% | 8.04M▲ 56.2% | 11.49M▲ 42.9% | 13.47M▲ 17.3% | 21.11M▲ 56.6% | 53.49M▲ 153.4% |
| Equity Growth % | - | 56.18% | 42.9% | 17.29% | 56.65% | 153.43% |
| Book Value per Share | 0.43 | 0.67 | 0.95 | 1.12 | 1.80 | 0.73 |
| Total Shareholders' Equity | 5.15M | 8.04M | 11.49M | 13.47M | 21.11M | 53.49M |
| Common Stock | 1.8K | 1.8K | 1K | 1K | 1.22K | 7.34K |
| Retained Earnings | 4.18M | 6.61M | 9.81M | 12.74M | 13.61M | 11.72M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 354.38K | 822.37K | 1.07M | 123.11K | -536.05K | -1.24M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
HLP Cash Flow Statement
Hongli Group Inc. (HLP) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 |
|---|---|---|---|---|---|---|
| Cash from Operations | 1.79M | 2.76M | 1.14M | 2.49M | 884.92K | -414.03K |
| Operating CF Margin % | 19.25% | 24.78% | 5.25% | 12.29% | 5.53% | -2.94% |
| Operating CF Growth % | - | 54.57% | -58.78% | 118.75% | -64.5% | -146.79% |
| Net Income | 2.08M | 2.42M | 3.2M | 2.93M | 864.72K | -1.88M |
| Depreciation & Amortization | 596.07K | 683.3K | 701.79K | 655.41K | 1.05M | 943.04K |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 1.97M |
| Deferred Taxes | 0 | 0 | 0 | 15.6K | -25.13K | -31.22K |
| Other Non-Cash Items | 17.62K | 77.2K | -3.01K | 7.3K | -286.2K | 96.72K |
| Working Capital Changes | -904.46K | -419.72K | -2.76M | -1.12M | -714.03K | -1.51M |
| Change in Receivables | 560.19K | -619.95K | -1.84M | -2.88M | 1.21M | -339.69K |
| Change in Inventory | -191.23K | -445.42K | -1.46M | 131.69K | 190.14K | -389.78K |
| Change in Payables | -82.3K | 387.51K | 1.4M | 523.9K | -1.56M | 39.27K |
| Cash from Investing | -1.34M | -2.01M | -3.05M | -11.67M | -2.25M | -33.31M |
| Capital Expenditures | -1.34M | -584.61K | -1M | -9.53M | -2.08M | -32.51K |
| CapEx % of Revenue | 14.44% | 5.24% | 4.63% | 46.99% | 12.99% | 0.23% |
| Acquisitions | 0 | -1.45M | -2.05M | -3.62M | 0 | -33.63M |
| Investments | - | - | - | - | - | - |
| Other Investing | 0 | 21.96K | 0 | 1.49M | -174.71K | 349.02K |
| Cash from Financing | -625.45K | 322.58K | 983.36K | 10.84M | 382.09K | 33.51M |
| Debt Issued (Net) | 23.15K | -55.95K | 941.07K | 10.63M | -6.96M | 530.11K |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 1000K | 1000K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -648.6K | 378.53K | 42.3K | 210.12K | 118.11K | -21.53K |
| Net Change in Cash | -183.51K▲ 0% | 1.15M▲ 728.5% | -902.65K▼ 178.3% | 1.58M▲ 275.3% | -1.3M▼ 182.0% | 109.12K▲ 108.4% |
| Free Cash Flow | 446.23K▲ 0% | 2.18M▲ 388.6% | 134.98K▼ 93.8% | -7.04M▼ 5314.8% | 21.13K▲ 100.3% | -446.54K▼ 2213.4% |
| FCF Margin % | 4.8% | 19.54% | 0.62% | -34.7% | 0.13% | -3.17% |
| FCF Growth % | - | 388.56% | -93.81% | -5314.78% | 100.3% | -2213.4% |
| FCF per Share | 0.04 | 0.18 | 0.01 | -0.58 | 0.00 | -0.01 |
| FCF Conversion (FCF/Net Income) | 0.86x | 1.14x | 0.36x | 0.85x | 1.02x | 0.22x |
| Interest Paid | 269.13K | 258.24K | 313.68K | 371.21K | 650.8K | 599.52K |
| Taxes Paid | 629.81K | 302.86K | 324.11K | 72.52K | 374.49K | 38.8K |
HLP Key Ratios
Hongli Group Inc. (HLP) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 40.4% | 36.76% | 32.8% | 23.49% | 5% | -5.04% |
| Return on Invested Capital (ROIC) | 25.16% | 19.4% | 21.09% | 9.65% | 2.67% | -2.6% |
| Gross Margin | 42.95% | 39.9% | 35.25% | 34.55% | 32.79% | 32.04% |
| Net Margin | 22.38% | 21.72% | 14.75% | 14.46% | 5.41% | -13.34% |
| Debt / Equity | 0.72x | 0.49x | 0.56x | 1.23x | 0.43x | 0.18x |
| Interest Coverage | 11.25x | 6.63x | 7.32x | 11.97x | 1.59x | -3.39x |
| FCF Conversion | 0.86x | 1.14x | 0.36x | 0.85x | 1.02x | 0.22x |
| Revenue Growth | - | 20.07% | 94.58% | -6.59% | -21.13% | -11.83% |
HLP Frequently Asked Questions
Hongli Group Inc. (HLP) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Hongli Group Inc. (HLP) reported $30.1M in revenue for fiscal year 2024. This represents a 224% increase from $9.3M in 2019.
Hongli Group Inc. (HLP) saw revenue decline by 11.8% over the past year.
Hongli Group Inc. (HLP) reported a net loss of $1.0M for fiscal year 2024.
Dividend & Returns
Hongli Group Inc. (HLP) has a return on equity (ROE) of -5.0%. Negative ROE indicates the company is unprofitable.
Hongli Group Inc. (HLP) had negative free cash flow of $1.9M in fiscal year 2024, likely due to heavy capital investments.
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Hongli Group Inc. (HLP) financial analysis — history, returns, DCA and operating performance tools
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