Hydrofarm Holdings Group, Inc. (HYFM) 10-Year Financial Performance & Capital Metrics

HYFM • • Industrial / General

IndustrialsAgricultural MachineryControlled Environment AgricultureIndoor Farming Systems

AboutHydrofarm Holdings Group, Inc., together with its subsidiaries, engages in the manufacture and distribution of controlled environment agriculture (CEA) equipment and supplies in the United States and Canada. The company offers agricultural lighting devices, indoor climate control equipment, hydroponics and nutrients, and plant additives used to grow, farm, and cultivate cannabis, flowers, fruits, plants, vegetables, grains, and herbs in controlled environment; and distributes CEA equipment and supplies, which include grow light systems; heating, ventilation, and air conditioning systems; humidity and carbon dioxide monitors and controllers; water pumps, heaters, chillers, and filters; nutrient and fertilizer delivery systems; and various growing media made from soil, rock wool or coconut fiber. It also provides hydroponics systems, such as hydro systems, hydro trays and components, meters and solutions, pumps and irrigation systems, water filtration systems, pots and containers, and tents and tarps; atmospheric control equipment comprising controllers, monitors and timers, ventilation/air conditioning equipment, air purification equipment, and CO2 equipment; and nutrients and additives. The company offers its products under the Phantom, PhotoBio, Active Aqua, Active Air, HEAVY 16, House & Garden, Mad Farmer, Roots Organics, Soul, Procision, Grotek, Gaia Green, Innovative Growers Equipment, Quantum, Xtrasun, Digilux, Agrobrite, SunBlaster, Jump Start, Active Eye, Autopilot, Phat, oxyClone, and GROW!T brands. Hydrofarm Holdings Group, Inc. was founded in 1977 and is based in Shoemakersville, Pennsylvania.Show more

Revenue $190M -16.0%
EBITDA -$21M -21.9%
Net Income -$67M -2.9%
EPS (Diluted) -14.51 -1.9%
Gross Margin 16.89% +1.7%
EBITDA Margin -11.29% -45.2%
Operating Margin -27.42% -25.0%
Net Margin -35.06% -22.6%
ROE -25.94% -28.2%
ROIC -9.65% -24.1%
Debt/Equity 0.76 +19.7%
Interest Coverage -3.42 -6.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.0x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 9 (bottom 9%)
✗Low quality earnings: Net income not backed by cash flow
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-4.14%

3Y-26.51%

TTM-26.84%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-1.13%

EPS CAGR

10Y-

5Y-

3Y-

TTM-0.14%

ROCE

10Y Avg-11.04%

5Y Avg-12.46%

3Y Avg-21.41%

Latest-12.12%

Peer Comparison

Indoor Farming Systems

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
HYFMHydrofarm Holdings Group, Inc.	8.63M	1.85	-0.13	-16.02%	-44.49%	-36.54%	0.76
UGROurban-gro, Inc.	3.55M	0.28	-0.17	7.91%	-23.28%	-5.68%	0.26
RYMRYTHM, Inc.	45.26M	21.06	-0.51	-36.07%	-5.01%	-375.45%	0.39

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	273.48M	202.03M	211.81M	235.11M	342.2M	479.42M	344.5M	226.58M	190.29M
Revenue Growth %	-	-0.26%	0.05%	0.11%	0.46%	0.4%	-0.28%	-0.34%	-0.16%
Cost of Goods Sold+	221.59M	172.78M	187.74M	208.03M	278.57M	377.93M	315.17M	188.97M	158.16M
COGS % of Revenue	0.81%	0.86%	0.89%	0.88%	0.81%	0.79%	0.91%	0.83%	0.83%
Gross Profit+	51.89M	29.25M	24.07M	27.09M	63.63M	101.49M	29.34M	37.61M	32.13M
Gross Margin %	0.19%	0.14%	0.11%	0.12%	0.19%	0.21%	0.09%	0.17%	0.17%
Gross Profit Growth %	-	-0.44%	-0.18%	0.13%	1.35%	0.59%	-0.71%	0.28%	-0.15%
Operating Expenses+	34.48M	116.97M	43.25M	53.82M	59.35M	104.19M	310.93M	87.31M	84.31M
OpEx % of Revenue	0.13%	0.58%	0.2%	0.23%	0.17%	0.22%	0.9%	0.39%	0.44%
Selling, General & Admin	33.23M	29.92M	42.23M	43.78M	58.49M	104.19M	118.6M	87.31M	72.79M
SG&A % of Revenue	0.12%	0.15%	0.2%	0.19%	0.17%	0.22%	0.34%	0.39%	0.38%
Research & Development	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	995K	10.04M	860K	0	192.33M	0	11.52M
Operating Income+	17.41M	-5.7M	-25.33M	-26.73M	4.28M	-2.7M	-281.6M	-49.7M	-52.18M
Operating Margin %	0.06%	-0.03%	-0.12%	-0.11%	0.01%	-0.01%	-0.82%	-0.22%	-0.27%
Operating Income Growth %	-	-1.33%	-3.45%	-0.06%	1.16%	-1.63%	-103.33%	0.82%	-0.05%
EBITDA+	18.64M	-1.66M	-17.07M	-19.74M	11.06M	12.23M	-240.07M	-17.63M	-21.49M
EBITDA Margin %	0.07%	-0.01%	-0.08%	-0.08%	0.03%	0.03%	-0.7%	-0.08%	-0.11%
EBITDA Growth %	-	-1.09%	-9.29%	-0.16%	1.56%	0.11%	-20.62%	0.93%	-0.22%
D&A (Non-Cash Add-back)	1.24M	4.04M	8.26M	7M	6.78M	14.93M	41.53M	32.08M	30.69M
EBIT	17.41M	-5.7M	-24.33M	-27.31M	3.44M	-3.58M	-280.9M	-49.58M	-50.61M
Net Interest Income+	0	0	-11.61M	-13.47M	-10.14M	-2.14M	-10.96M	-15.44M	-15.24M
Interest Income	712K	7.18M	0	0	0	0	0	0	0
Interest Expense	0	0	11.61M	13.47M	10.14M	2.14M	10.96M	15.44M	15.24M
Other Income/Expense	-712K	-89.21M	-16.76M	-14.04M	-10.98M	-3.02M	-10.26M	-15.32M	-13.67M
Pretax Income+	16.69M	-94.9M	-35.94M	-40.77M	-6.7M	-5.72M	-291.86M	-65.03M	-65.85M
Pretax Margin %	0.06%	-0.47%	-0.17%	-0.17%	-0.02%	-0.01%	-0.85%	-0.29%	-0.35%
Income Tax+	144K	354.67K	-397K	-691K	576K	-19.14M	-6.44M	-213K	869K
Effective Tax Rate %	0.95%	0.87%	0.92%	0.98%	1.09%	-2.35%	0.98%	1%	1.01%
Net Income+	15.78M	-82.77M	-32.89M	-40.08M	-7.27M	13.42M	-285.42M	-64.81M	-66.72M
Net Margin %	0.06%	-0.41%	-0.16%	-0.17%	-0.02%	0.03%	-0.83%	-0.29%	-0.35%
Net Income Growth %	-	-6.24%	0.6%	-0.22%	0.82%	2.84%	-22.27%	0.77%	-0.03%
Net Income (Continuing)	15.78M	-82.77M	-35.54M	-40.08M	-7.27M	13.42M	-285.42M	-64.81M	-66.72M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	-1.67M	4.07M	0	0	0	0	0	0	0
EPS (Diluted)+	1.24	-6.48	-4.72	-12.14	-2.95	3.12	-63.46	-14.24	-14.51
EPS Growth %	-	-6.23%	0.27%	-1.57%	0.76%	2.06%	-21.34%	0.78%	-0.02%
EPS (Basic)	1.24	-6.48	-4.72	-12.14	-2.95	3.35	-63.46	-14.24	-14.51
Diluted Shares Outstanding	1.28M	1.28M	6.97M	3.3M	3.35M	4.3M	4.5M	4.55M	4.6M
Basic Shares Outstanding	1.28M	1.28M	6.97M	3.3M	3.35M	4M	4.5M	4.55M	4.6M
Dividend Payout Ratio	0.76%	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	74.53M	104.32M	100.59M	104.97M	199.92M	269.38M	154.95M	128.07M	95.21M
Cash & Short-Term Investments	689K	2.38M	27.92M	22.87M	75.18M	26.61M	21.29M	30.31M	26.11M
Cash Only	689K	2.21M	27.92M	22.87M	75.18M	26.61M	21.29M	30.31M	26.11M
Short-Term Investments	0	179K	0	0	0	0	0	0	0
Accounts Receivable	16.79M	21.28M	17.57M	20.04M	24.78M	42.11M	17.23M	16.89M	14.76M
Days Sales Outstanding	22.41	38.45	30.27	31.11	26.43	32.06	18.25	27.21	28.3
Inventory	54.83M	77.39M	53.2M	50.23M	88.62M	189.13M	111.4M	75.35M	50.63M
Days Inventory Outstanding	90.31	163.49	103.43	88.13	116.11	182.66	129.01	145.55	116.85
Other Current Assets	2.22M	3.26M	0	9.99M	1.78M	1.78M	5.03M	5.51M	3.71M
Total Non-Current Assets+	25.73M	85.19M	73.82M	80.68M	75.88M	621.86M	418.61M	379.58M	330.89M
Property, Plant & Equipment	15.99M	5.87M	4.49M	22.07M	22.28M	95.72M	116.4M	101.85M	80.41M
Fixed Asset Turnover	17.11x	34.44x	47.17x	10.65x	15.36x	5.01x	2.96x	2.22x	2.37x
Goodwill	809K	3.32M	0	0	0	204.87M	0	0	0
Intangible Assets	7.74M	74.48M	68.37M	57.41M	52.42M	314.82M	300.37M	275.88M	249M
Long-Term Investments	0	0	0	0	0	0	475K	0	0
Other Non-Current Assets	1.19M	1.53M	960K	1.21M	1.18M	6.45M	1.84M	1.84M	1.48M
Total Assets+	100.25M	189.51M	174.41M	185.65M	275.8M	891.24M	573.56M	507.64M	426.1M
Asset Turnover	2.73x	1.07x	1.21x	1.27x	1.24x	0.54x	0.60x	0.45x	0.45x
Asset Growth %	-	0.89%	-0.08%	0.06%	0.49%	2.23%	-0.36%	-0.11%	-0.16%
Total Current Liabilities+	31.23M	152.82M	43.86M	64.42M	48.7M	88.42M	41.6M	37.65M	34.99M
Accounts Payable	15.56M	23.25M	17.06M	17.22M	22.64M	26.68M	13.63M	12.61M	12.28M
Days Payables Outstanding	25.63	49.12	33.17	30.22	29.66	25.77	15.79	24.36	28.34
Short-Term Debt	9.78M	119.66M	20.1M	34.83M	746K	2.26M	1.31M	2.99M	1.26M
Deferred Revenue (Current)	0	0	0	1000K	0	1000K	1000K	1000K	1000K
Other Current Liabilities	5.88M	9.91M	1.41M	-2.54M	9.9M	3.71M	10.23M	2.1M	8.53M
Current Ratio	2.39x	0.68x	2.29x	1.63x	4.11x	3.05x	3.72x	3.40x	2.72x
Quick Ratio	0.63x	0.18x	1.08x	0.85x	2.29x	0.91x	1.05x	1.40x	1.27x
Cash Conversion Cycle	87.09	152.81	100.52	89.02	112.88	188.95	131.48	148.39	116.82
Total Non-Current Liabilities+	28M	0	83M	90.05M	16.18M	167.65M	182.07M	179.38M	167.4M
Long-Term Debt	27.9M	0	80.42M	73.11M	67K	119.52M	118.66M	115.41M	114.69M
Capital Lease Obligations	0	0	0	15.79M	15.54M	38.59M	56.3M	56.24M	45.38M
Deferred Tax Liabilities	0	0	881K	0	0	5.63M	2.69M	3.23M	3.05M
Other Non-Current Liabilities	95K	0	1.7M	1.16M	567K	3.9M	4.43M	4.5M	4.27M
Total Liabilities	59.23M	152.82M	126.87M	154.47M	64.88M	256.06M	223.68M	217.03M	202.38M
Total Debt+	37.69M	119.66M	100.52M	126.9M	20.06M	167.57M	186.07M	183.93M	169.53M
Net Debt	37M	117.45M	72.6M	104.03M	-55.12M	140.97M	164.78M	153.62M	143.41M
Debt / Equity	0.92x	3.59x	2.11x	4.07x	0.10x	0.26x	0.53x	0.63x	0.76x
Debt / EBITDA	2.02x	-	-	-	1.81x	13.70x	-	-	-
Net Debt / EBITDA	1.98x	-	-	-	-4.98x	11.52x	-	-	-
Interest Coverage	-	-	-2.18x	-1.99x	0.42x	-1.26x	-25.70x	-3.22x	-3.42x
Total Equity+	41.03M	33.29M	47.54M	31.18M	210.92M	635.18M	349.88M	290.61M	223.72M
Equity Growth %	-	-0.19%	0.43%	-0.34%	5.76%	2.01%	-0.45%	-0.17%	-0.23%
Book Value per Share	32.14	26.08	6.82	9.44	62.96	147.75	77.79	63.86	48.65
Total Shareholders' Equity	42.7M	29.22M	47.54M	31.18M	210.92M	635.18M	349.88M	290.61M	223.72M
Common Stock	13.48M	4K	2K	2K	3K	4K	5K	5K	0
Retained Earnings	29.8M	-62.07M	-106.58M	-146.66M	-153.93M	-140.52M	-425.93M	-490.74M	-557.46M
Treasury Stock	0	0	0	0	0	0	0	0	0
Accumulated OCI	-6.15M	484K	-1.85M	-144K	599K	-1.38M	-7.24M	-6.5M	-8.91M
Minority Interest	-1.67M	4.07M	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	8.66M	-17.85M	4.44M	-13.3M	-44.83M	-45.07M	21.99M	7.04M	-324K
Operating CF Margin %	0.03%	-0.09%	0.02%	-0.06%	-0.13%	-0.09%	0.06%	0.03%	-0%
Operating CF Growth %	-	-3.06%	1.25%	-4%	-2.37%	-0.01%	1.49%	-0.68%	-1.05%
Net Income	15.78M	-82.77M	-35.54M	-40.08M	-7.27M	13.42M	-285.42M	-64.81M	-66.72M
Depreciation & Amortization	1.24M	4.04M	8.26M	7M	6.78M	14.93M	41.53M	32.08M	30.69M
Stock-Based Compensation	6.48M	0	0	208K	8.89M	5.01M	8.35M	0	2.38M
Deferred Taxes	0	0	-899K	-718K	52K	-21M	-9.31M	2K	0
Other Non-Cash Items	6.01M	57.81M	8.3M	19.71M	-9.46M	5.5M	227.27M	27.42M	23.59M
Working Capital Changes	-20.85M	3.06M	21.89M	581K	-43.82M	-62.93M	39.57M	12.36M	9.73M
Change in Receivables	-6.33M	2.92M	6.82M	-620K	-6.33M	-1.93M	16.66M	766K	1.62M
Change in Inventory	-11.12M	-10.38M	22.04M	2.73M	-36.86M	-46.85M	57.02M	26.11M	14.41M
Change in Payables	0	0	-5.65M	-1.2M	4.79M	-12.3M	-12M	-1.1M	56K
Cash from Investing+	-6.07M	-277.17M	-3.31M	-3.82M	546K	-468.18M	-8.49M	-4.17M	1.67M
Capital Expenditures	-959K	-1.75M	-1.34M	-768K	-1.45M	-5.4M	-8.23M	-4.21M	-2.89M
CapEx % of Revenue	0%	0.01%	0.01%	0%	0%	0.01%	0.02%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	-1.88M	10.61M	-1.97M	-3.05M	1.99M	-610K	-448K	45K	4.56M
Cash from Financing+	-2.05M	296.22M	25.52M	19.9M	88.14M	464.71M	-20.2M	6.07M	-4.78M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	-12M	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	9.95M	296.22M	-3.72M	5.66M	-687K	35.42M	-18.7M	7.32M	-142K
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	7.71M	-19.6M	3.09M	-14.07M	-46.27M	-50.47M	13.76M	2.83M	-3.22M
FCF Margin %	0.03%	-0.1%	0.01%	-0.06%	-0.14%	-0.11%	0.04%	0.01%	-0.02%
FCF Growth %	-	-3.54%	1.16%	-5.55%	-2.29%	-0.09%	1.27%	-0.79%	-2.14%
FCF per Share	6.04	-15.36	0.44	-4.26	-13.81	-11.74	3.06	0.62	-0.70
FCF Conversion (FCF/Net Income)	0.55x	0.22x	-0.13x	0.33x	6.16x	-3.36x	-0.08x	-0.11x	0.00x
Interest Paid	0	0	4.71M	5.49M	23.14M	1.62M	9.64M	0	13.29M
Taxes Paid	0	0	613K	63K	94K	1.96M	3.91M	0	201K

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	38.47%	-222.74%	-81.38%	-101.83%	-6.01%	3.17%	-57.95%	-20.24%	-25.94%
Return on Invested Capital (ROIC)	16.73%	-3.73%	-14.03%	-15.7%	2.21%	-0.43%	-32.72%	-7.77%	-9.65%
Gross Margin	18.97%	14.48%	11.36%	11.52%	18.59%	21.17%	8.52%	16.6%	16.89%
Net Margin	5.77%	-40.97%	-15.53%	-17.05%	-2.13%	2.8%	-82.85%	-28.6%	-35.06%
Debt / Equity	0.92x	3.59x	2.11x	4.07x	0.10x	0.26x	0.53x	0.63x	0.76x
Interest Coverage	-	-	-2.18x	-1.99x	0.42x	-1.26x	-25.70x	-3.22x	-3.42x
FCF Conversion	0.55x	0.22x	-0.13x	0.33x	6.16x	-3.36x	-0.08x	-0.11x	0.00x
Revenue Growth	-	-26.13%	4.84%	11%	45.55%	40.1%	-28.14%	-34.23%	-16.02%

Revenue by Segment

	2021	2022	2023	2024
Shipping and Handling	8.05M	13.18M	9.52M	7.88M
Shipping and Handling Growth	-	63.73%	-27.75%	-17.22%

Revenue by Geography

	2021	2022	2023	2024
United States	399.75M	280.46M	179.84M	-
United States Growth	-	-29.84%	-35.88%	-
Canada	87.28M	68.15M	49.67M	-
Canada Growth	-	-21.92%	-27.12%	-

Frequently Asked Questions

Growth & Financials

Hydrofarm Holdings Group, Inc. (HYFM) reported $146.4M in revenue for fiscal year 2024. This represents a 46% decrease from $273.5M in 2016.

Hydrofarm Holdings Group, Inc. (HYFM) saw revenue decline by 16.0% over the past year.

Hydrofarm Holdings Group, Inc. (HYFM) reported a net loss of $65.1M for fiscal year 2024.

Dividend & Returns

Hydrofarm Holdings Group, Inc. (HYFM) has a return on equity (ROE) of -25.9%. Negative ROE indicates the company is unprofitable.

Hydrofarm Holdings Group, Inc. (HYFM) had negative free cash flow of $8.4M in fiscal year 2024, likely due to heavy capital investments.

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Hydrofarm Holdings Group, Inc. (HYFM) 10-Year Financial Performance & Capital Metrics

HYFM • • Industrial / General

IndustrialsAgricultural MachineryControlled Environment AgricultureIndoor Farming Systems

Revenue $190M -16.0%
EBITDA -$21M -21.9%
Net Income -$67M -2.9%
EPS (Diluted) -14.51 -1.9%
Gross Margin 16.89% +1.7%
EBITDA Margin -11.29% -45.2%
Operating Margin -27.42% -25.0%
Net Margin -35.06% -22.6%
ROE -25.94% -28.2%
ROIC -9.65% -24.1%
Debt/Equity 0.76 +19.7%
Interest Coverage -3.42 -6.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.0x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 9 (bottom 9%)
✗Low quality earnings: Net income not backed by cash flow
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-4.14%

3Y-26.51%

TTM-26.84%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-1.13%

EPS CAGR

10Y-

5Y-

3Y-

TTM-0.14%

ROCE

10Y Avg-11.04%

5Y Avg-12.46%

3Y Avg-21.41%

Latest-12.12%

Peer Comparison

Indoor Farming Systems

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
HYFMHydrofarm Holdings Group, Inc.	8.63M	1.85	-0.13	-16.02%	-44.49%	-36.54%	0.76
UGROurban-gro, Inc.	3.55M	0.28	-0.17	7.91%	-23.28%	-5.68%	0.26
RYMRYTHM, Inc.	45.26M	21.06	-0.51	-36.07%	-5.01%	-375.45%	0.39

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	273.48M	202.03M	211.81M	235.11M	342.2M	479.42M	344.5M	226.58M	190.29M
Revenue Growth %	-	-0.26%	0.05%	0.11%	0.46%	0.4%	-0.28%	-0.34%	-0.16%
Cost of Goods Sold+	221.59M	172.78M	187.74M	208.03M	278.57M	377.93M	315.17M	188.97M	158.16M
COGS % of Revenue	0.81%	0.86%	0.89%	0.88%	0.81%	0.79%	0.91%	0.83%	0.83%
Gross Profit+	51.89M	29.25M	24.07M	27.09M	63.63M	101.49M	29.34M	37.61M	32.13M
Gross Margin %	0.19%	0.14%	0.11%	0.12%	0.19%	0.21%	0.09%	0.17%	0.17%
Gross Profit Growth %	-	-0.44%	-0.18%	0.13%	1.35%	0.59%	-0.71%	0.28%	-0.15%
Operating Expenses+	34.48M	116.97M	43.25M	53.82M	59.35M	104.19M	310.93M	87.31M	84.31M
OpEx % of Revenue	0.13%	0.58%	0.2%	0.23%	0.17%	0.22%	0.9%	0.39%	0.44%
Selling, General & Admin	33.23M	29.92M	42.23M	43.78M	58.49M	104.19M	118.6M	87.31M	72.79M
SG&A % of Revenue	0.12%	0.15%	0.2%	0.19%	0.17%	0.22%	0.34%	0.39%	0.38%
Research & Development	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	995K	10.04M	860K	0	192.33M	0	11.52M
Operating Income+	17.41M	-5.7M	-25.33M	-26.73M	4.28M	-2.7M	-281.6M	-49.7M	-52.18M
Operating Margin %	0.06%	-0.03%	-0.12%	-0.11%	0.01%	-0.01%	-0.82%	-0.22%	-0.27%
Operating Income Growth %	-	-1.33%	-3.45%	-0.06%	1.16%	-1.63%	-103.33%	0.82%	-0.05%
EBITDA+	18.64M	-1.66M	-17.07M	-19.74M	11.06M	12.23M	-240.07M	-17.63M	-21.49M
EBITDA Margin %	0.07%	-0.01%	-0.08%	-0.08%	0.03%	0.03%	-0.7%	-0.08%	-0.11%
EBITDA Growth %	-	-1.09%	-9.29%	-0.16%	1.56%	0.11%	-20.62%	0.93%	-0.22%
D&A (Non-Cash Add-back)	1.24M	4.04M	8.26M	7M	6.78M	14.93M	41.53M	32.08M	30.69M
EBIT	17.41M	-5.7M	-24.33M	-27.31M	3.44M	-3.58M	-280.9M	-49.58M	-50.61M
Net Interest Income+	0	0	-11.61M	-13.47M	-10.14M	-2.14M	-10.96M	-15.44M	-15.24M
Interest Income	712K	7.18M	0	0	0	0	0	0	0
Interest Expense	0	0	11.61M	13.47M	10.14M	2.14M	10.96M	15.44M	15.24M
Other Income/Expense	-712K	-89.21M	-16.76M	-14.04M	-10.98M	-3.02M	-10.26M	-15.32M	-13.67M
Pretax Income+	16.69M	-94.9M	-35.94M	-40.77M	-6.7M	-5.72M	-291.86M	-65.03M	-65.85M
Pretax Margin %	0.06%	-0.47%	-0.17%	-0.17%	-0.02%	-0.01%	-0.85%	-0.29%	-0.35%
Income Tax+	144K	354.67K	-397K	-691K	576K	-19.14M	-6.44M	-213K	869K
Effective Tax Rate %	0.95%	0.87%	0.92%	0.98%	1.09%	-2.35%	0.98%	1%	1.01%
Net Income+	15.78M	-82.77M	-32.89M	-40.08M	-7.27M	13.42M	-285.42M	-64.81M	-66.72M
Net Margin %	0.06%	-0.41%	-0.16%	-0.17%	-0.02%	0.03%	-0.83%	-0.29%	-0.35%
Net Income Growth %	-	-6.24%	0.6%	-0.22%	0.82%	2.84%	-22.27%	0.77%	-0.03%
Net Income (Continuing)	15.78M	-82.77M	-35.54M	-40.08M	-7.27M	13.42M	-285.42M	-64.81M	-66.72M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	-1.67M	4.07M	0	0	0	0	0	0	0
EPS (Diluted)+	1.24	-6.48	-4.72	-12.14	-2.95	3.12	-63.46	-14.24	-14.51
EPS Growth %	-	-6.23%	0.27%	-1.57%	0.76%	2.06%	-21.34%	0.78%	-0.02%
EPS (Basic)	1.24	-6.48	-4.72	-12.14	-2.95	3.35	-63.46	-14.24	-14.51
Diluted Shares Outstanding	1.28M	1.28M	6.97M	3.3M	3.35M	4.3M	4.5M	4.55M	4.6M
Basic Shares Outstanding	1.28M	1.28M	6.97M	3.3M	3.35M	4M	4.5M	4.55M	4.6M
Dividend Payout Ratio	0.76%	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	74.53M	104.32M	100.59M	104.97M	199.92M	269.38M	154.95M	128.07M	95.21M
Cash & Short-Term Investments	689K	2.38M	27.92M	22.87M	75.18M	26.61M	21.29M	30.31M	26.11M
Cash Only	689K	2.21M	27.92M	22.87M	75.18M	26.61M	21.29M	30.31M	26.11M
Short-Term Investments	0	179K	0	0	0	0	0	0	0
Accounts Receivable	16.79M	21.28M	17.57M	20.04M	24.78M	42.11M	17.23M	16.89M	14.76M
Days Sales Outstanding	22.41	38.45	30.27	31.11	26.43	32.06	18.25	27.21	28.3
Inventory	54.83M	77.39M	53.2M	50.23M	88.62M	189.13M	111.4M	75.35M	50.63M
Days Inventory Outstanding	90.31	163.49	103.43	88.13	116.11	182.66	129.01	145.55	116.85
Other Current Assets	2.22M	3.26M	0	9.99M	1.78M	1.78M	5.03M	5.51M	3.71M
Total Non-Current Assets+	25.73M	85.19M	73.82M	80.68M	75.88M	621.86M	418.61M	379.58M	330.89M
Property, Plant & Equipment	15.99M	5.87M	4.49M	22.07M	22.28M	95.72M	116.4M	101.85M	80.41M
Fixed Asset Turnover	17.11x	34.44x	47.17x	10.65x	15.36x	5.01x	2.96x	2.22x	2.37x
Goodwill	809K	3.32M	0	0	0	204.87M	0	0	0
Intangible Assets	7.74M	74.48M	68.37M	57.41M	52.42M	314.82M	300.37M	275.88M	249M
Long-Term Investments	0	0	0	0	0	0	475K	0	0
Other Non-Current Assets	1.19M	1.53M	960K	1.21M	1.18M	6.45M	1.84M	1.84M	1.48M
Total Assets+	100.25M	189.51M	174.41M	185.65M	275.8M	891.24M	573.56M	507.64M	426.1M
Asset Turnover	2.73x	1.07x	1.21x	1.27x	1.24x	0.54x	0.60x	0.45x	0.45x
Asset Growth %	-	0.89%	-0.08%	0.06%	0.49%	2.23%	-0.36%	-0.11%	-0.16%
Total Current Liabilities+	31.23M	152.82M	43.86M	64.42M	48.7M	88.42M	41.6M	37.65M	34.99M
Accounts Payable	15.56M	23.25M	17.06M	17.22M	22.64M	26.68M	13.63M	12.61M	12.28M
Days Payables Outstanding	25.63	49.12	33.17	30.22	29.66	25.77	15.79	24.36	28.34
Short-Term Debt	9.78M	119.66M	20.1M	34.83M	746K	2.26M	1.31M	2.99M	1.26M
Deferred Revenue (Current)	0	0	0	1000K	0	1000K	1000K	1000K	1000K
Other Current Liabilities	5.88M	9.91M	1.41M	-2.54M	9.9M	3.71M	10.23M	2.1M	8.53M
Current Ratio	2.39x	0.68x	2.29x	1.63x	4.11x	3.05x	3.72x	3.40x	2.72x
Quick Ratio	0.63x	0.18x	1.08x	0.85x	2.29x	0.91x	1.05x	1.40x	1.27x
Cash Conversion Cycle	87.09	152.81	100.52	89.02	112.88	188.95	131.48	148.39	116.82
Total Non-Current Liabilities+	28M	0	83M	90.05M	16.18M	167.65M	182.07M	179.38M	167.4M
Long-Term Debt	27.9M	0	80.42M	73.11M	67K	119.52M	118.66M	115.41M	114.69M
Capital Lease Obligations	0	0	0	15.79M	15.54M	38.59M	56.3M	56.24M	45.38M
Deferred Tax Liabilities	0	0	881K	0	0	5.63M	2.69M	3.23M	3.05M
Other Non-Current Liabilities	95K	0	1.7M	1.16M	567K	3.9M	4.43M	4.5M	4.27M
Total Liabilities	59.23M	152.82M	126.87M	154.47M	64.88M	256.06M	223.68M	217.03M	202.38M
Total Debt+	37.69M	119.66M	100.52M	126.9M	20.06M	167.57M	186.07M	183.93M	169.53M
Net Debt	37M	117.45M	72.6M	104.03M	-55.12M	140.97M	164.78M	153.62M	143.41M
Debt / Equity	0.92x	3.59x	2.11x	4.07x	0.10x	0.26x	0.53x	0.63x	0.76x
Debt / EBITDA	2.02x	-	-	-	1.81x	13.70x	-	-	-
Net Debt / EBITDA	1.98x	-	-	-	-4.98x	11.52x	-	-	-
Interest Coverage	-	-	-2.18x	-1.99x	0.42x	-1.26x	-25.70x	-3.22x	-3.42x
Total Equity+	41.03M	33.29M	47.54M	31.18M	210.92M	635.18M	349.88M	290.61M	223.72M
Equity Growth %	-	-0.19%	0.43%	-0.34%	5.76%	2.01%	-0.45%	-0.17%	-0.23%
Book Value per Share	32.14	26.08	6.82	9.44	62.96	147.75	77.79	63.86	48.65
Total Shareholders' Equity	42.7M	29.22M	47.54M	31.18M	210.92M	635.18M	349.88M	290.61M	223.72M
Common Stock	13.48M	4K	2K	2K	3K	4K	5K	5K	0
Retained Earnings	29.8M	-62.07M	-106.58M	-146.66M	-153.93M	-140.52M	-425.93M	-490.74M	-557.46M
Treasury Stock	0	0	0	0	0	0	0	0	0
Accumulated OCI	-6.15M	484K	-1.85M	-144K	599K	-1.38M	-7.24M	-6.5M	-8.91M
Minority Interest	-1.67M	4.07M	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	8.66M	-17.85M	4.44M	-13.3M	-44.83M	-45.07M	21.99M	7.04M	-324K
Operating CF Margin %	0.03%	-0.09%	0.02%	-0.06%	-0.13%	-0.09%	0.06%	0.03%	-0%
Operating CF Growth %	-	-3.06%	1.25%	-4%	-2.37%	-0.01%	1.49%	-0.68%	-1.05%
Net Income	15.78M	-82.77M	-35.54M	-40.08M	-7.27M	13.42M	-285.42M	-64.81M	-66.72M
Depreciation & Amortization	1.24M	4.04M	8.26M	7M	6.78M	14.93M	41.53M	32.08M	30.69M
Stock-Based Compensation	6.48M	0	0	208K	8.89M	5.01M	8.35M	0	2.38M
Deferred Taxes	0	0	-899K	-718K	52K	-21M	-9.31M	2K	0
Other Non-Cash Items	6.01M	57.81M	8.3M	19.71M	-9.46M	5.5M	227.27M	27.42M	23.59M
Working Capital Changes	-20.85M	3.06M	21.89M	581K	-43.82M	-62.93M	39.57M	12.36M	9.73M
Change in Receivables	-6.33M	2.92M	6.82M	-620K	-6.33M	-1.93M	16.66M	766K	1.62M
Change in Inventory	-11.12M	-10.38M	22.04M	2.73M	-36.86M	-46.85M	57.02M	26.11M	14.41M
Change in Payables	0	0	-5.65M	-1.2M	4.79M	-12.3M	-12M	-1.1M	56K
Cash from Investing+	-6.07M	-277.17M	-3.31M	-3.82M	546K	-468.18M	-8.49M	-4.17M	1.67M
Capital Expenditures	-959K	-1.75M	-1.34M	-768K	-1.45M	-5.4M	-8.23M	-4.21M	-2.89M
CapEx % of Revenue	0%	0.01%	0.01%	0%	0%	0.01%	0.02%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	-1.88M	10.61M	-1.97M	-3.05M	1.99M	-610K	-448K	45K	4.56M
Cash from Financing+	-2.05M	296.22M	25.52M	19.9M	88.14M	464.71M	-20.2M	6.07M	-4.78M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	-12M	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	9.95M	296.22M	-3.72M	5.66M	-687K	35.42M	-18.7M	7.32M	-142K
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	7.71M	-19.6M	3.09M	-14.07M	-46.27M	-50.47M	13.76M	2.83M	-3.22M
FCF Margin %	0.03%	-0.1%	0.01%	-0.06%	-0.14%	-0.11%	0.04%	0.01%	-0.02%
FCF Growth %	-	-3.54%	1.16%	-5.55%	-2.29%	-0.09%	1.27%	-0.79%	-2.14%
FCF per Share	6.04	-15.36	0.44	-4.26	-13.81	-11.74	3.06	0.62	-0.70
FCF Conversion (FCF/Net Income)	0.55x	0.22x	-0.13x	0.33x	6.16x	-3.36x	-0.08x	-0.11x	0.00x
Interest Paid	0	0	4.71M	5.49M	23.14M	1.62M	9.64M	0	13.29M
Taxes Paid	0	0	613K	63K	94K	1.96M	3.91M	0	201K

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	38.47%	-222.74%	-81.38%	-101.83%	-6.01%	3.17%	-57.95%	-20.24%	-25.94%
Return on Invested Capital (ROIC)	16.73%	-3.73%	-14.03%	-15.7%	2.21%	-0.43%	-32.72%	-7.77%	-9.65%
Gross Margin	18.97%	14.48%	11.36%	11.52%	18.59%	21.17%	8.52%	16.6%	16.89%
Net Margin	5.77%	-40.97%	-15.53%	-17.05%	-2.13%	2.8%	-82.85%	-28.6%	-35.06%
Debt / Equity	0.92x	3.59x	2.11x	4.07x	0.10x	0.26x	0.53x	0.63x	0.76x
Interest Coverage	-	-	-2.18x	-1.99x	0.42x	-1.26x	-25.70x	-3.22x	-3.42x
FCF Conversion	0.55x	0.22x	-0.13x	0.33x	6.16x	-3.36x	-0.08x	-0.11x	0.00x
Revenue Growth	-	-26.13%	4.84%	11%	45.55%	40.1%	-28.14%	-34.23%	-16.02%

Revenue by Segment

	2021	2022	2023	2024
Shipping and Handling	8.05M	13.18M	9.52M	7.88M
Shipping and Handling Growth	-	63.73%	-27.75%	-17.22%

Revenue by Geography

	2021	2022	2023	2024
United States	399.75M	280.46M	179.84M	-
United States Growth	-	-29.84%	-35.88%	-
Canada	87.28M	68.15M	49.67M	-
Canada Growth	-	-21.92%	-27.12%	-

Frequently Asked Questions

Growth & Financials

Hydrofarm Holdings Group, Inc. (HYFM) reported $146.4M in revenue for fiscal year 2024. This represents a 46% decrease from $273.5M in 2016.

Hydrofarm Holdings Group, Inc. (HYFM) saw revenue decline by 16.0% over the past year.

Hydrofarm Holdings Group, Inc. (HYFM) reported a net loss of $65.1M for fiscal year 2024.

Dividend & Returns

Hydrofarm Holdings Group, Inc. (HYFM) has a return on equity (ROE) of -25.9%. Negative ROE indicates the company is unprofitable.

Hydrofarm Holdings Group, Inc. (HYFM) had negative free cash flow of $8.4M in fiscal year 2024, likely due to heavy capital investments.