Huadi International Group Co., Ltd.(HUDI)Earnings, Financials & Key Ratios

HUDI•NASDAQ

Price updated Jun 19, 2026

SectorBasic Materials IndustrySteel Sub-IndustryTubular Steel and Pipe Products

AboutHuadi International Group Co., Ltd. develops, manufactures, markets, and sells industrial stainless steel seamless pipes, tubes, bars, and plates in the People's Republic of China. The company's products are used in oil and gas transmission, chemistry engineering, food processing, medical devices, aeronautics and astronautics, boiler, irrigation works construction, electricity, automobile, naval architecture, paper mill, and mechanical industries. It also exports its products to 20 countries, including the United States, Mexico, Thailand, Australia, Argentina, India, the Philippines, the United Arab Emirates, Taiwan, Canada, and internationally. The company was founded in 1992 and is based in Wenzhou, the People's Republic of China. Huadi International Group Co., Ltd. is a subsidiary of Yongqiang Donghai Limited.Show more

Revenue$63M-15.3%
EBITDA-$3M-164.6%
Net Income-$1M-1115.8%
EPS (Diluted)-0.10-1118.8%
Gross Margin10.8%+9.6%
EBITDA Margin-3.99%-212.4%
Operating Margin-5.01%-117.9%
Net Margin-2.22%-1299.7%
ROE-1.81%-1108.6%

HUDI Key Insights

Huadi International Group Co., Ltd. (HUDI) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Trading at only 0.2x book value

✗Weaknesses

✗Weak 3Y average ROE of 1.2%
✗Weak Piotroski F-Score: 1/9
✗Negative free cash flow
✗Weak momentum: RS Rating 17 (bottom 17%)
✗Thin 5Y average net margin of 1.6%
✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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HUDI Price & Volume

Huadi International Group Co., Ltd. (HUDI) stock price & volume — 10-year historical chart

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HUDI Growth Metrics

Huadi International Group Co., Ltd. (HUDI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-

5 Years1.24%

3 Years-6.26%

TTM-14.64%

Profit CAGR

10 Years-

5 Years-

3 Years-

TTM-124.29%

EPS CAGR

10 Years-

5 Years-

3 Years-

TTM-121.33%

Return on Capital

10 Years19.17%

5 Years1.9%

3 Years-0.81%

Last Year-3.84%

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
ZEUSOlympic Steel, Inc.Direct Competitor	532.97M	47.86	24.29	-10.03%	0.73%	2.39%	0.55
RSReliance Steel & Aluminum Co.Direct Competitor	20.26B	396.34	28.35	3.32%	5.43%	11.17%	0.28
CMCCommercial Metals CompanyDirect Competitor	8.03B	72.36	97.78	-1.61%	5.46%	10.15%	0.32
STLDSteel Dynamics, Inc.Direct Competitor	36.21B	249.91	31.28	3.63%	7.22%	15.29%	0.47
NUENucor CorporationDirect Competitor	55.54B	243.83	32.42	5.73%	6.82%	10.58%	0.32
ATIATI Inc.Product Competitor	27.57B	201.34	70.65	5.16%	9.26%	22.73%	1.02
APOGApogee Enterprises, Inc.Product Competitor	887.72M	41.27	16.38	3.21%	3.85%	10.79%	0.56
SXCSunCoke Energy, Inc.Product Competitor	733.05M	8.64	-16.62	-5.07%	-3.55%	-9.88%	1.09

Compare HUDI vs Peers

Huadi International Group Co., Ltd. (HUDI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ZEUS

Most directly comparable listed peer for HUDI.

Scale Benchmark

vs FCX

Larger-name benchmark to compare HUDI against a more recognizable public peer.

Peer Set

Compare Top 5

vs ZEUS, RS, CMC, STLD

HUDI Income Statement

Huadi International Group Co., Ltd. (HUDI) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Metric	Sep'17	Sep'18	Sep'19	Sep'20	Sep'21	Sep'22	Sep'23	Sep'24	Sep'25
Sales/Revenue	49.4M	60.39M	65.52M	59.14M	70.25M	76.37M	84.33M	74.27M	62.9M
Revenue Growth %	-	22.24%	8.5%	-9.74%	18.79%	8.71%	10.43%	-11.93%	-15.32%
Cost of Goods Sold	39.73M	47.14M	50.9M	48.47M	58.93M	65.23M	71.98M	66.95M	56.1M
COGS % of Revenue	80.42%	78.07%	77.68%	81.97%	83.89%	85.42%	85.35%	90.15%	89.2%
Gross Profit	9.67M▲ 0%	13.24M▲ 36.9%	14.62M▲ 10.4%	10.66M▼ 27.1%	11.32M▲ 6.1%	11.14M▼ 1.6%	12.36M▲ 11.0%	7.32M▼ 40.8%	6.79M▼ 7.1%
Gross Margin %	19.58%	21.93%	22.32%	18.03%	16.11%	14.58%	14.65%	9.85%	10.8%
Gross Profit Growth %	-	36.9%	10.42%	-27.07%	6.15%	-1.63%	10.96%	-40.79%	-7.15%
Operating Expenses	4.58M	5.05M	6.24M	6.2M	8.74M	8.22M	9.89M	9.02M	9.94M
OpEx % of Revenue	9.27%	8.36%	9.53%	10.49%	12.44%	10.76%	11.73%	12.15%	15.81%
Selling, General & Admin	3.13M	3.6M	4.47M	4.08M	6.68M	5.89M	7.34M	6.78M	7.78M
SG&A % of Revenue	6.33%	5.96%	6.82%	6.9%	9.52%	7.71%	8.7%	9.13%	12.36%
Research & Development	1.45M	1.45M	1.78M	2.12M	2.06M	2.33M	2.55M	2.24M	2.17M
R&D % of Revenue	2.93%	2.4%	2.71%	3.59%	2.93%	3.05%	3.02%	3.02%	3.45%
Other Operating Expenses	0	0	0	0	0	0	0	0	0
Operating Income	5.1M▲ 0%	8.2M▲ 60.9%	8.38M▲ 2.2%	4.46M▼ 46.8%	2.58M▼ 42.2%	2.92M▲ 13.1%	2.47M▼ 15.4%	-1.71M▼ 169.2%	-3.15M▼ 84.6%
Operating Margin %	10.32%	13.58%	12.79%	7.54%	3.67%	3.82%	2.92%	-2.3%	-5.01%
Operating Income Growth %	-	60.85%	2.21%	-46.76%	-42.21%	13.14%	-15.44%	-169.2%	-84.55%
EBITDA	6.02M	8.92M	9.03M	5.21M	3.35M	3.71M	3.18M	-947.43K	-2.51M
EBITDA Margin %	12.19%	14.78%	13.78%	8.82%	4.76%	4.86%	3.77%	-1.28%	-3.99%
EBITDA Growth %	-	48.25%	1.15%	-42.24%	-35.84%	10.88%	-14.21%	-129.77%	-164.57%
D&A (Non-Cash Add-back)	923.41K	726.66K	648.25K	753.63K	767.68K	792.89K	715.88K	759.4K	643.34K
EBIT	13.4M	8.67M	8.6M	5.74M	4.53M	3.75M	3.81M	-362.55K	-1.9M
Net Interest Income	0	-2.08M	-2.15M	-2.16M	-2.06M	-1.63M	-296.26K	206.34K	220.62K
Interest Income	2.04M	0	0	0	0	0	0	206.34K	220.62K
Interest Expense	0	2.08M	2.15M	2.16M	2.06M	1.63M	296.26K	0	0
Other Income/Expense	6.26M	-1.61M	-1.93M	-885.34K	-109.93K	-795.75K	1.05M	1.55M	1.25M
Pretax Income	11.36M▲ 0%	6.59M▼ 42.0%	6.45M▼ 2.0%	3.58M▼ 44.6%	2.47M▼ 31.0%	2.12M▼ 14.1%	3.52M▲ 65.8%	-156.22K▼ 104.4%	-1.9M▼ 1113.5%
Pretax Margin %	22.99%	10.91%	9.85%	6.05%	3.51%	2.78%	4.17%	-0.21%	-3.01%
Income Tax	2.03M	1.34M	1.01M	218.95K	-89K	173.02K	220.85K	-298.61K	-494.81K
Effective Tax Rate %	17.86%	20.3%	15.58%	6.12%	-3.61%	8.16%	6.28%	191.15%	26.1%
Net Income	9.24M▲ 0%	5.2M▼ 43.7%	5.39M▲ 3.8%	3.32M▼ 38.4%	2.53M▼ 23.8%	1.92M▼ 24.0%	3.26M▲ 69.3%	137.42K▼ 95.8%	-1.4M▼ 1115.8%
Net Margin %	18.69%	8.6%	8.23%	5.62%	3.6%	2.52%	3.86%	0.18%	-2.22%
Net Income Growth %	-	-43.74%	3.77%	-38.38%	-23.81%	-23.99%	69.3%	-95.78%	-1115.8%
Net Income (Continuing)	9.33M	5.25M	5.45M	3.36M	2.56M	1.95M	3.3M	142.4K	-1.4M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	86.51K	132.71K	178.6K	224.41K	264.51K	250.43K	274.82K	314.21K	298K
EPS (Diluted)	0.92▲ 0%	0.39▼ 57.6%	0.54▲ 38.5%	0.24▼ 55.6%	0.21▼ 12.5%	0.15▼ 28.6%	0.23▲ 53.3%	0.01▼ 95.8%	-0.10▼ 1118.8%
EPS Growth %	-	-57.61%	38.46%	-55.56%	-12.5%	-28.57%	53.33%	-95.83%	-
EPS (Basic)	0.68	0.39	0.40	0.24	0.21	0.15	0.23	0.01	-0.10
Diluted Shares Outstanding	10M	13.21M	10M	13.59M	12.12M	13.23M	14.14M	14.26M	14.28M
Basic Shares Outstanding	10M	13.21M	10M	13.59M	12.12M	13.23M	14.14M	14.26M	14.28M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

HUDI Balance Sheet

Huadi International Group Co., Ltd. (HUDI) balance sheet — assets, liabilities & shareholders' equity

Metric	Sep'17	Sep'18	Sep'19	Sep'20	Sep'21	Sep'22	Sep'23	Sep'24	Sep'25
Total Current Assets	59.69M	57.18M	47.93M	47.35M	77.08M	64.4M	80.24M	77.47M	70.29M
Cash & Short-Term Investments	3.77M	1.31M	1.06M	796.79K	15.35M	13.2M	20.19M	18.12M	9.73M
Cash Only	3.77M	1.31M	1.06M	796.79K	15.35M	13.2M	20.19M	18.12M	9.63M
Short-Term Investments	0	0	0	0	0	0	0	0	100.16K
Accounts Receivable	21.73M	24.11M	20.51M	18.46M	28.35M	21.62M	30.46M	27.32M	34.22M
Days Sales Outstanding	160.56	145.76	114.27	113.96	147.29	103.34	131.85	134.24	198.61
Inventory	34.19M	22.14M	17.85M	20.84M	22.72M	24.87M	26.71M	23.31M	26.34M
Days Inventory Outstanding	314.13	171.43	127.98	156.91	140.74	139.15	135.43	127.09	171.35
Other Current Assets	19.7M	9.61M	8.52M	7.25M	1.3M	4.72M	769.23K	4.41M	0
Total Non-Current Assets	19.52M	18.77M	20.84M	21.78M	23.17M	20.23M	22.77M	26.12M	38.11M
Property, Plant & Equipment	3.77M	3.49M	6.48M	6.69M	7.21M	5.99M	5.35M	8.05M	15.32M
Fixed Asset Turnover	13.11x	17.28x	10.11x	8.84x	9.74x	12.75x	15.75x	9.23x	4.11x
Goodwill	0	0	0	0	0	0	0	0	0
Intangible Assets	1.32M	1.25M	1.17M	1.2M	1.23M	1.07M	4.31M	4.37M	4.21M
Long-Term Investments	13.72M	13.3M	12.78M	13.45M	14.17M	12.84M	12.52M	13.01M	11.82M
Other Non-Current Assets	0	0	0	0	0	0	198.19K	138.34K	5.71M
Total Assets	79.21M▲ 0%	75.94M▼ 4.1%	68.77M▼ 9.4%	69.12M▲ 0.5%	100.25M▲ 45.0%	84.64M▼ 15.6%	103.01M▲ 21.7%	103.59M▲ 0.6%	108.4M▲ 4.6%
Asset Turnover	0.62x	0.80x	0.95x	0.86x	0.70x	0.90x	0.82x	0.72x	0.58x
Asset Growth %	-	-4.12%	-9.44%	0.51%	45.02%	-15.57%	21.71%	0.57%	4.64%
Total Current Liabilities	67.21M	59.33M	47.57M	43.33M	48.77M	25.7M	22.61M	23.83M	24.31M
Accounts Payable	8.54M	1.18M	1.12M	1.86M	1.71M	3.36M	7.13M	1.89M	2.71M
Days Payables Outstanding	78.43	9.16	8.06	13.97	10.62	18.79	36.14	10.3	17.63
Short-Term Debt	47.93M	47.32M	35.19M	32.74M	35.77M	12.44M	6.12M	14.59M	14.31M
Deferred Revenue (Current)	2.3M	5.53M	1.22M	1.52M	4.67M	4.4M	3.41M	1.55M	1.32M
Other Current Liabilities	2.55M	4.17M	8.15M	5.64M	4.57M	4.06M	502.1K	0	896.68K
Current Ratio	0.89x	0.96x	1.01x	1.09x	1.58x	2.51x	3.55x	3.25x	2.89x
Quick Ratio	0.38x	0.59x	0.63x	0.61x	1.11x	1.54x	2.37x	2.27x	1.81x
Cash Conversion Cycle	396.26	308.04	234.19	256.9	277.42	223.7	231.14	251.03	352.33
Total Non-Current Liabilities	0	0	0	0	0	9.3M	5.72M	1.45M	8.28M
Long-Term Debt	0	0	0	0	0	9.3M	5.4M	0	8.03M
Capital Lease Obligations	0	0	0	0	0	0	0	0	0
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	317.68K	308.91K	255.34K
Total Liabilities	67.21M	59.33M	47.57M	43.33M	48.77M	35M	28.33M	25.28M	32.59M
Total Debt	47.93M	47.32M	35.19M	32.74M	35.77M	21.74M	11.52M	14.59M	22.34M
Net Debt	44.16M	46.01M	34.13M	31.94M	20.42M	8.54M	-8.67M	-3.53M	12.71M
Debt / Equity	3.99x	2.85x	1.66x	1.27x	0.69x	0.44x	0.15x	0.19x	0.29x
Debt / EBITDA	7.96x	5.30x	3.90x	6.28x	10.69x	5.86x	3.62x	-	-
Net Debt / EBITDA	7.34x	5.16x	3.78x	6.13x	6.10x	2.30x	-2.73x	-	-
Interest Coverage	-	4.16x	4.00x	2.65x	2.20x	2.30x	12.87x	-	-
Total Equity	12M▲ 0%	16.62M▲ 38.5%	21.21M▲ 27.6%	25.79M▲ 21.6%	51.48M▲ 99.6%	49.63M▼ 3.6%	74.68M▲ 50.5%	78.32M▲ 4.9%	75.81M▼ 3.2%
Equity Growth %	-	38.51%	27.61%	21.6%	99.62%	-3.58%	50.47%	4.87%	-3.2%
Book Value per Share	1.20	1.26	2.12	1.90	4.25	3.75	5.28	5.49	5.31
Total Shareholders' Equity	11.91M	16.49M	21.03M	25.56M	51.21M	49.38M	74.41M	78M	75.51M
Common Stock	2K	2K	2K	2K	2.63K	2.65K	2.85K	2.86K	2.86K
Retained Earnings	-14.07M	-8.87M	-3.48M	-159.19K	2.12M	3.8M	6.68M	7.7M	6.31M
Treasury Stock	0	0	0	0	0	0	0	0	0
Accumulated OCI	3.45M	2.83M	1.98M	3.19M	4.88M	1.37M	445.74K	2.97M	1.84M
Minority Interest	86.51K	132.71K	178.6K	224.41K	264.51K	250.43K	274.82K	314.21K	298K

HUDI Cash Flow Statement

Huadi International Group Co., Ltd. (HUDI) cash flow — operating, investing & free cash flow history

Metric	Sep'17	Sep'18	Sep'19	Sep'20	Sep'21	Sep'22	Sep'23	Sep'24	Sep'25
Cash from Operations	-9.12M	1.21M	2.35M	3.2M	-5.65M	8.03M	-2.45M	12.99M	-5.52M
Operating CF Margin %	-18.46%	2%	3.58%	5.42%	-8.04%	10.51%	-2.9%	17.5%	-8.78%
Operating CF Growth %	-	113.26%	93.97%	36.55%	-276.29%	242.12%	-130.49%	630.85%	-142.49%
Net Income	9.24M	5.25M	5.45M	3.36M	2.56M	1.95M	3.3M	137.42K	-1.4M
Depreciation & Amortization	923.41K	726.66K	648.25K	753.63K	767.68K	824.98K	715.88K	759.4K	643.34K
Stock-Based Compensation	0	0	0	0	0	0	59.6K	49K	0
Deferred Taxes	-93.41K	-53.68K	296.16K	0	-89K	173.02K	-64.61K	-307.28K	-494.81K
Other Non-Cash Items	7.64M	309.34K	19.05K	-654.14K	-151.91K	-564.28K	-58.31K	-45.67K	1.29M
Working Capital Changes	-11.64M	-4.97M	-4.06M	-251.5K	-8.73M	5.65M	-6.4M	12.4M	-5.56M
Change in Receivables	3.12M	-2.91M	996.76K	-260.2K	-8.82M	4.08M	-3.84M	5.46M	-7.31M
Change in Inventory	-7.77M	-1.57M	3.57M	-1.99M	-756.59K	-4.65M	-2.55M	4.34M	952.3K
Change in Payables	-8.7M	-7.45M	-13.03K	650.99K	-238.64K	1.96M	3.98M	-5.38M	836.24K
Cash from Investing	8.82M	-527.75K	-912.7K	59.79K	-897.25K	-206.18K	-3.59M	-3.07M	-14.97M
Capital Expenditures	-309.99K	-527.75K	-912.7K	-665K	-917.54K	-206.18K	-157.57K	-3.07M	-14.73M
CapEx % of Revenue	0.63%	0.87%	1.39%	1.12%	1.31%	0.27%	0.19%	4.13%	23.41%
Acquisitions	0	0	0	724.78K	20.29K	0	0	0	16.44K
Investments	-	-	-	-	-	-	-	-	-
Other Investing	9.13M	0	0	0	0	0	-3.44M	0	0
Cash from Financing	-261.27K	943.47K	-3.49M	-4.69M	21.28M	-9.74M	11.58M	-8.81M	7.81M
Debt Issued (Net)	-2.11M	331.55K	-10.69M	-4.17M	554.77K	-11.58M	-10.01M	-8.79M	7.86M
Equity Issued (Net)	0	0	0	0	21.68M	0	23.01M	0	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	1.85M	611.92K	7.2M	-519.22K	-958.94K	1.83M	-1.42M	-20.82K	-48.53K
Net Change in Cash	-569.1K▲ 0%	1.43M▲ 351.1%	-2.18M▼ 252.6%	-1.31M▲ 39.9%	14.95M▲ 1239.9%	-2.11M▼ 114.1%	6.42M▲ 404.0%	1.57M▼ 75.6%	-12.9M▼ 923.3%
Free Cash Flow	-9.43M▲ 0%	682.01K▲ 107.2%	1.43M▲ 110.2%	2.54M▲ 77.1%	-6.57M▼ 358.6%	7.82M▲ 219.1%	-6.05M▼ 177.3%	9.93M▲ 264.2%	-20.25M▼ 304.0%
FCF Margin %	-19.09%	1.13%	2.19%	4.29%	-9.35%	10.24%	-7.17%	13.36%	-32.19%
FCF Growth %	-	107.23%	110.25%	77.09%	-358.59%	219.12%	-177.3%	264.18%	-303.98%
FCF per Share	-0.94	0.05	0.14	0.19	-0.54	0.59	-0.43	0.70	-1.42
FCF Conversion (FCF/Net Income)	-0.99x	0.23x	0.44x	0.96x	-2.23x	4.17x	-0.75x	94.55x	3.95x
Interest Paid	0	2.08M	2.26M	1.95M	1.55M	1.15M	442.75K	176.02K	195.37K
Taxes Paid	0	221.94K	202.7K	135.26K	480.5K	64.02K	25.77K	328.43K	3.23M

HUDI Key Ratios

Huadi International Group Co., Ltd. (HUDI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	76.97%	36.31%	28.51%	14.14%	6.55%	3.81%	5.24%	0.18%	-1.81%
Return on Invested Capital (ROIC)	6.81%	10.35%	10.65%	5.92%	2.98%	3.36%	2.98%	-1.82%	-2.89%
Gross Margin	19.58%	21.93%	22.32%	18.03%	16.11%	14.58%	14.65%	9.85%	10.8%
Net Margin	18.69%	8.6%	8.23%	5.62%	3.6%	2.52%	3.86%	0.18%	-2.22%
Debt / Equity	3.99x	2.85x	1.66x	1.27x	0.69x	0.44x	0.15x	0.19x	0.29x
Interest Coverage	-	4.16x	4.00x	2.65x	2.20x	2.30x	12.87x	-	-
FCF Conversion	-0.99x	0.23x	0.44x	0.96x	-2.23x	4.17x	-0.75x	94.55x	3.95x
Revenue Growth	-	22.24%	8.5%	-9.74%	18.79%	8.71%	10.43%	-11.93%	-15.32%

HUDI Frequently Asked Questions

Huadi International Group Co., Ltd. (HUDI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Huadi International Group Co., Ltd. (HUDI) reported $137.2M in revenue for fiscal year 2025. This represents a 178% increase from $49.4M in 2017.

Huadi International Group Co., Ltd. (HUDI) saw revenue decline by 15.3% over the past year.

Huadi International Group Co., Ltd. (HUDI) reported a net loss of $1.3M for fiscal year 2025.

Dividend & Returns

Huadi International Group Co., Ltd. (HUDI) has a return on equity (ROE) of -1.8%. Negative ROE indicates the company is unprofitable.

Huadi International Group Co., Ltd. (HUDI) had negative free cash flow of $14.8M in fiscal year 2025, likely due to heavy capital investments.

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Huadi International Group Co., Ltd.(HUDI)Earnings, Financials & Key Ratios

HUDI•NASDAQ

Price updated Jun 19, 2026

SectorBasic Materials IndustrySteel Sub-IndustryTubular Steel and Pipe Products

Revenue$63M-15.3%
EBITDA-$3M-164.6%
Net Income-$1M-1115.8%
EPS (Diluted)-0.10-1118.8%
Gross Margin10.8%+9.6%
EBITDA Margin-3.99%-212.4%
Operating Margin-5.01%-117.9%
Net Margin-2.22%-1299.7%
ROE-1.81%-1108.6%