Hongli Group Inc. (HLP) Revenue History
Annual and quarterly revenue from 2019 to 2024
Compound Annual Growth Rate (CAGR)
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HLP Revenue Growth
Revenue Breakdown
HLP's revenue distribution by segment and geography
By Geography
HLP Revenue Analysis (2019–2024)
As of May 7, 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.
Looking at the longer-term picture, HLP's 5-year compound annual growth rate (CAGR) stands at +8.7%, indicating steady revenue expansion. The company achieved its highest annual revenue of $21.7 million in 2021.
When compared to Basic Materials sector peers including CODA (+33.2% YoY), TANH (-99.8% YoY), and CNEY (-11.8% YoY), HLP has underperformed the peer group in terms of 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 | +33.2% | +5.8% | 17.1% | |
 TANH | $43M | -99.8% | -2.7% | 9.3% | |
 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% |
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Start ComparisonHLP — 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 slowed to +0.9%, below the 5-year CAGR of +8.7%. TTM revenue is $30M. The deceleration marks a shift from historical growth rates.
What is HLP's long-term revenue growth rate?
Hongli Group Inc.'s 5-year revenue CAGR of +8.7% reflects the variable expansion pattern. Current YoY growth of +0.9% is near this long-term average.
How is HLP's revenue distributed by segment?
HLP reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2019-2024 are available for download. Segment mix reveals concentration and diversification trends.