Hydrofarm Holdings Group, Inc. (HYFM) Revenue History
Annual and quarterly revenue from 2016 to 2024
Compound Annual Growth Rate (CAGR)
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HYFM Revenue Growth
Revenue Breakdown (FY 2024)
HYFM's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
HYFM Revenue Analysis (2016–2024)
As of May 8, 2026, Hydrofarm Holdings Group, Inc. (HYFM) generated trailing twelve-month (TTM) revenue of $146.4 million, reflecting significant decline in growth of -33.3% year-over-year. The most recent quarter (Q3 2025) recorded $29.4 million in revenue, down 25.2% sequentially.
Looking at the longer-term picture, HYFM's 5-year compound annual growth rate (CAGR) stands at -4.1%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $479.4 million in 2021.
Revenue diversification analysis shows HYFM's business is primarily driven by Shipping and Handling (100%). With over half of revenue concentrated in Shipping and Handling, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including GRWG (-14.4% YoY), SMG (-5.9% YoY), and LAUR (+13.8% YoY), HYFM has underperformed the peer group in terms of revenue growth. Compare HYFM vs GRWG →
HYFM Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| HYFMCurrent | $146M | -33.3% | -4.1% | -27.4% | |
 GRWG | $162M | -14.4% | -3.5% | -15.7% | |
 SMG | $3.4B | -5.9% | -3.7% | 10.5% | |
 LAUR | $1.7B | +13.8% | +10.7% | 25.3% | |
 IIPR | $266M | -13.6% | +17.9% | 46.7% | |
 TLRY | $1.1B | +3.0% | +22.7% | -277.9% |
HYFM Historical Revenue Data (2016–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $190.3M | -16.0% | $32.1M | 16.9% | $-52,181,000 | -27.4% |
| 2023 | $226.6M | -34.2% | $37.6M | 16.6% | $-49,702,000 | -21.9% |
| 2022 | $344.5M | -28.1% | $29.3M | 8.5% | $-281,596,000 | -81.7% |
| 2021 | $479.4M | +40.1% | $101.5M | 21.2% | $-2,699,000 | -0.6% |
| 2020 | $342.2M | +45.6% | $63.6M | 18.6% | $4.3M | 1.3% |
| 2019 | $235.1M | +11.0% | $27.1M | 11.5% | $-26,733,000 | -11.4% |
| 2018 | $211.8M | +4.8% | $24.1M | 11.4% | $-25,328,000 | -12.0% |
| 2017 | $202.0M | -26.1% | $29.2M | 14.5% | $-5,696,000 | -2.8% |
| 2016 | $273.5M | - | $51.9M | 19.0% | $17.4M | 6.4% |
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Start ComparisonHYFM — Frequently Asked Questions
Quick answers to the most common questions about buying HYFM stock.
Is HYFM's revenue growth accelerating or slowing?
HYFM revenue declined -33.3% year-over-year, contrasting with the 5-year CAGR of -4.1%. TTM revenue fell to $146M. This reverses the prior growth trend.
What is HYFM's long-term revenue growth rate?
Hydrofarm Holdings Group, Inc.'s 5-year revenue CAGR of -4.1% reflects the variable expansion pattern. Current YoY growth of -33.3% is below this long-term average.
How is HYFM's revenue distributed by segment?
HYFM reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2016-2024 are available for download. Segment mix reveals concentration and diversification trends.