Hongli Group Inc. (HLP) Revenue History
Annual and quarterly revenue from 2019 to present
HLP Revenue Over Time (2019–2024)
HLP Revenue Growth History
2 of 5 years with positive growth- FY2019 revenue growth
- N/A
- FY2020 revenue growth
- +20.1%
- FY2021 revenue growth
- +94.6%
- FY2022 revenue growth
- -6.6%
- FY2023 revenue growth
- -21.1%
- FY2024 revenue growth
- -11.8%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2024 | $7.1M | +0.9% |
| Q2 2024 | $7.0M | -21.9% |
| Q4 2023 | $7.1M | -27.7% |
| Q2 2023 | $8.9M | -15.0% |
| Q4 2022 | $9.8M | -14.4% |
| Q2 2022 | $10.5M | +2.2% |
| Q4 2021 | $11.5M | +81.6% |
| Q2 2021 | $10.3M | — |
Revenue Breakdown
HLP's revenue distribution by segment and geography
By Geography
HLP Revenue Analysis (2019–2024)
Current Revenue & Growth
As of June 21, 2026, Hongli Group Inc. (HLP) generated trailing twelve-month (TTM) revenue of $30.1 million, reflecting modest growth of +0.9% year-over-year. The most recent quarter (Q4 2024) recorded $7.1 million in revenue, up 2.6% sequentially.
Historical Growth Trajectory
HLP's 5-year compound annual growth rate (CAGR) stands at +8.7%, indicating steady revenue expansion. The 3-year CAGR of -13.4% is below the 5-year average, signalling a growth deceleration in recent years. Hongli Group Inc.'s highest annual revenue of $21.7 million was recorded in 2021.
Peer Comparison
Compared to Basic Materials sector peers — including CODA (+22.8% YoY), TANH (-19.4% YoY), and CNEY (-11.8% YoY) — HLP has outperformed the peer group in revenue growth. Compare HLP vs CODA →
HLP Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| HLPCurrent | $30M | +0.9% | +8.7% | -11.2% | |
 CODA | $27M | +22.8% | +5.8% | 17.1% | |
 TANH | $38M | -19.4% | -1.9% | -31.8% | |
 CNEY | $36M | -11.8% | +23.3% | -30.9% | |
 SGBX | $5M | -42.6% | +10.8% | -195.0% | |
 COCO | $610M | +23.1% | +14.4% | 13.6% |
HLP Historical Revenue Data (2019–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $14.1M | -11.8% | $4.5M | 32.0% | $-1,583,296 | -11.2% |
| 2023 | $16.0M | -21.1% | $5.2M | 32.8% | $1.0M | 6.4% |
| 2022 | $20.3M | -6.6% | $7.0M | 34.6% | $2.9M | 14.4% |
| 2021 | $21.7M | +94.6% | $7.7M | 35.3% | $3.9M | 18.1% |
| 2020 | $11.2M | +20.1% | $4.5M | 39.9% | $2.5M | 22.1% |
| 2019 | $9.3M | - | $4.0M | 43.0% | $2.9M | 31.0% |
Intrinsic Valuation
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Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
HLP — Frequently Asked Questions
Quick answers to the most common questions about buying HLP stock.
Is HLP's revenue growth accelerating or slowing?
HLP revenue growth is slowing. TTM revenue is $30M, up +0.9% year-over-year — below the 5-year CAGR of +8.7%. The deceleration suggests maturing end-markets or increased competition.
What is HLP's revenue history from 2019 to 2026?
Hongli Group Inc. (HLP) revenue history spans 2019 to 2026. TTM revenue as of 2026 is $30M, growing at +0.9% YoY. The 5-year CAGR is +8.7%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is HLP's long-term revenue growth rate (CAGR)?
Hongli Group Inc.'s 5-year revenue CAGR of +8.7% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of +0.9% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for HLP.
Why does HLP's quarterly revenue fluctuate?
HLP 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. Hongli Group Inc.'s revenue data from 2019 to 2026 shows full historical quarterly detail on this page.
How is HLP's revenue distributed by segment?
HLP 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 HLP's revenue compare to industry peers?
Hongli Group Inc. (HLP) with TTM revenue of $30M and +0.9% 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.