Hydrofarm Holdings Group, Inc. (HYFM) Revenue History
Annual and quarterly revenue from 2016 to present
HYFM Revenue Over Time (2016–2025)
HYFM Revenue Growth History
4 of 9 years with positive growth- FY2016 revenue growth
- N/A
- FY2017 revenue growth
- -26.1%
- FY2018 revenue growth
- +4.8%
- FY2019 revenue growth
- +11.0%
- FY2020 revenue growth
- +45.6%
- FY2021 revenue growth
- +40.1%
- FY2022 revenue growth
- -28.1%
- FY2023 revenue growth
- -34.2%
- FY2024 revenue growth
- -16.0%
- FY2025 revenue growth
- -29.4%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $28.5M | -29.6% |
| Q4 2025 | $25.1M | -32.7% |
| Q3 2025 | $29.4M | -33.3% |
| Q2 2025 | $39.2M | -28.4% |
| Q1 2025 | $40.5M | -25.2% |
| Q4 2024 | $37.3M | -20.9% |
| Q3 2024 | $44.0M | -18.8% |
| Q2 2024 | $54.8M | -13.1% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
HYFM's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
HYFM Revenue Analysis (2016–2025)
Current Revenue & Growth
As of June 23, 2026, Hydrofarm Holdings Group, Inc. (HYFM) generated trailing twelve-month (TTM) revenue of $122.2 million, reflecting significant decline in growth of -29.6% year-over-year. The most recent quarter (Q1 2026) recorded $28.5 million in revenue, up 13.5% sequentially.
Historical Growth Trajectory
HYFM's 5-year compound annual growth rate (CAGR) stands at -17.1%, indicating revenue contraction over this period. The 3-year CAGR of -27.0% is below the 5-year average, signalling a growth deceleration in recent years. Hydrofarm Holdings Group, Inc.'s highest annual revenue of $479.4 million was recorded in 2021.
Revenue by Segment
HYFM's revenue is primarily driven by Shipping and Handling (100%). With over half of revenue concentrated in Shipping and Handling, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Industrials sector peers — including GRWG (-6.9% YoY), SMG (-5.9% YoY), and LAUR (+13.8% YoY) — HYFM has underperformed the peer group in 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 | $122M | -29.6% | -17.1% | -29.4% | |
 GRWG | $162M | -6.9% | -3.5% | -15.0% | |
 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 (2016–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $134.3M | -29.4% | $2.2M | 1.6% | $-39,502,000 | -29.4% |
| 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% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
10+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
HYFM — Frequently Asked Questions
Quick answers to the most common questions about buying HYFM stock.
Is HYFM's revenue growth accelerating or slowing?
HYFM revenue is declining -29.6% year-over-year. TTM revenue fell to $122M, contrasting with the 5-year CAGR of -17.1%. The reversal reflects either macro headwinds or company-specific challenges.
What is HYFM's revenue history from 2016 to 2026?
Hydrofarm Holdings Group, Inc. (HYFM) revenue history spans 2016 to 2026. TTM revenue as of 2026 is $122M, growing at -29.6% YoY. The 5-year CAGR is -17.1%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is HYFM's long-term revenue growth rate (CAGR)?
Hydrofarm Holdings Group, Inc.'s 5-year revenue CAGR of -17.1% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -29.6% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for HYFM.
Why does HYFM's quarterly revenue fluctuate?
HYFM 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. Hydrofarm Holdings Group, Inc.'s revenue data from 2016 to 2026 shows full historical quarterly detail on this page.
How is HYFM's revenue distributed by segment?
HYFM 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 HYFM's revenue compare to industry peers?
Hydrofarm Holdings Group, Inc. (HYFM) with TTM revenue of $122M and -29.6% 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.