Luda Technology Group Limited(LUD)Earnings, Financials & Key Ratios
LUD•AMEX
Price updated Jun 19, 2026
AboutLuda Technology Group Limited, through its subsidiaries, engages in the manufacture and sale of stainless steel and carbon steel flanges and fittings products in the People's Republic of China, South America, Australia, Europe, North America, and rest of Asia. The company is also involved in the trading of steel pipes, valves, and other steel tubing products. It serves manufacturers and traders from the chemical, petrochemical, maritime, and manufacturing industries. The company was incorporated in 2021 and is headquartered in Hung Hom, Hong Kong. Luda Technology Group Limited is a subsidiary of Diamond Horses Group Limited.Show more
- Revenue$34M-25.3%
- EBITDA-$352K-137.6%
- Net Income$557K+254.2%
- EPS (Diluted)0.00+100.0%
- Gross Margin17.65%-30.6%
- EBITDA Margin-1.05%-150.3%
- Operating Margin-2.84%-379.8%
- Net Margin1.66%+306.3%
- ROE3.19%+230.1%
LUD Key Insights
Luda Technology Group Limited (LUD) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Share count reduced 100.0% through buybacks
✗Weaknesses
- ✗Negative free cash flow
- ✗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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LUD Price & Volume
Luda Technology Group Limited (LUD) stock price & volume — 10-year historical chart
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LUD Growth Metrics
Luda Technology Group Limited (LUD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-12.38%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-43.38%
TTM-
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-
Return on Capital
10 Years12.1%
5 Years12.1%
3 Years6.67%
Last Year-5.01%
LUD Peer Comparison
Luda Technology Group Limited (LUD) competitors in Tubular Steel and Pipe Products — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 CLPS | 27.8M | 0.99 | -3.82 | 15.17% | -1.27% | -6.06% | 0.59 | |
 CNET | 3.27M | 1.00 | -1.49 | -70.11% | -33.27% | -28.25% | 0.04 | |
 RETO | 4.98M | 2.64 | -1.02 | 84.3% | -397.95% | -80.63% | 0.10 | |
 AIXI | 3.31M | 6.26 | -0.04 | -82.47% | -140.37% | |||
 BTBT | 706.64M | 2.17 | -7 | -30.65% | -146.01% | -0.11% | 0.16 | |
 GFAI | 8.93M | 0.41 | -0.77 | 0.18% | -32.94% | -69.69% | 0.08 | |
 TIGR | 873.3M | 4.71 | 5.12 | 56.74% | 24.18% | 17.64% | 0.20 | |
 KXIN | 4.84M | 4.40 | -0.10 | -100% | -694.94% | -5.94% | 0.08 |
Compare LUD vs Peers
Luda Technology Group Limited (LUD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
LUD Income Statement
Luda Technology Group Limited (LUD) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|
Sales/Revenue | 34.14M | 49.85M | 51.43M | 44.86M | 33.54M |
Revenue Growth % | - | 46.01% | 3.16% | -12.76% | -25.25% |
Cost of Goods Sold | 27.01M | 39.57M | 40.53M | 33.46M | 27.62M |
COGS % of Revenue | 79.1% | 79.37% | 78.82% | 74.58% | 82.35% |
Gross Profit | 7.13M▲ 0% | 10.29M▲ 44.2% | 10.89M▲ 5.9% | 11.41M▲ 4.7% | 5.92M▼ 48.1% |
Gross Margin % | 20.9% | 20.63% | 21.18% | 25.42% | 17.65% |
Gross Profit Growth % | - | 44.16% | 5.93% | 4.68% | -48.1% |
Operating Expenses | 4.73M | 6.46M | 7.02M | 10.95M | 6.87M |
OpEx % of Revenue | 13.85% | 12.96% | 13.66% | 24.41% | 20.5% |
Selling, General & Admin | 3.72M | 4.06M | 4.51M | 9.38M | 5.47M |
SG&A % of Revenue | 10.9% | 8.14% | 8.76% | 20.9% | 16.31% |
Research & Development | 1.01M | 1.55M | 1.36M | 1.38M | 1.45M |
R&D % of Revenue | 2.95% | 3.11% | 2.65% | 3.08% | 4.33% |
Other Operating Expenses | 0 | 857.63K | 1.15M | 189.38K | -49.62K |
Operating Income | 2.41M▲ 0% | 3.82M▲ 58.8% | 3.87M▲ 1.3% | 455.91K▼ 88.2% | -953.63K▼ 309.2% |
Operating Margin % | 7.05% | 7.67% | 7.53% | 1.02% | -2.84% |
Operating Income Growth % | - | 58.77% | 1.27% | -88.22% | -309.17% |
EBITDA | 2.89M | 4.26M | 4.34M | 936.52K | -351.77K |
EBITDA Margin % | 8.45% | 8.54% | 8.44% | 2.09% | -1.05% |
EBITDA Growth % | - | 47.46% | 2% | -78.43% | -137.56% |
D&A (Non-Cash Add-back) | 478.57K | 433.38K | 470.12K | 480.61K | 601.86K |
EBIT | 6.44M | 3.91M | 3.89M | 459.36K | 1.51M |
Net Interest Income | -294.62K | -339.16K | -406.69K | -556.16K | -520.92K |
Interest Income | 0 | 0 | 0 | 0 | 0 |
Interest Expense | 294.62K | 339.16K | 406.69K | 556.16K | 520.92K |
Other Income/Expense | 3.74M | -253.5K | -391.46K | -552.7K | 1.94M |
Pretax Income | 6.14M▲ 0% | 3.57M▼ 41.9% | 3.48M▼ 2.5% | -96.8K▼ 102.8% | 991.22K▲ 1124.0% |
Pretax Margin % | 18% | 7.16% | 6.77% | -0.22% | 2.96% |
Income Tax | 1.2M | 501.57K | 446.9K | 264.22K | 434.39K |
Effective Tax Rate % | 19.59% | 14.05% | 12.84% | -272.97% | 43.82% |
Net Income | 4.94M▲ 0% | 3.07M▼ 37.9% | 3.03M▼ 1.1% | -361.02K▼ 111.9% | 556.83K▲ 254.2% |
Net Margin % | 14.47% | 6.15% | 5.9% | -0.8% | 1.66% |
Net Income Growth % | - | -37.92% | -1.13% | -111.9% | 254.24% |
Net Income (Continuing) | 4.94M | 3.07M | 3.03M | -361.02K | 556.83K |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | 0.22▲ 0% | 0.14▼ 36.4% | 0.13▼ 7.1% | -0.02▼ 112.3% | 0.00▲ 100.0% |
EPS Growth % | - | -36.36% | -7.14% | -112.31% | 100% |
EPS (Basic) | 0.22 | 0.14 | 0.13 | -0.02 | 0.00 |
Diluted Shares Outstanding | 22.5M | 22.5M | 22.5M | 22.5M | 0 |
Basic Shares Outstanding | 22.5M | 22.5M | 22.5M | 22.5M | 0 |
Dividend Payout Ratio | 6.19% | - | 20.8% | - | - |
LUD Balance Sheet
Luda Technology Group Limited (LUD) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|
Total Current Assets | 25.95M | 33.85M | 39.51M | 31.85M | 39.99M |
Cash & Short-Term Investments | 5.47M | 4.14M | 8.1M | 9.52M | 10.25M |
Cash Only | 5.45M | 4.12M | 8.08M | 8.13M | 4.52M |
Short-Term Investments | 22.65K | 18.24K | 19.6K | 1.39M | 5.73M |
Accounts Receivable | 15.27M | 22.5M | 22.66M | 15.26M | 23.89M |
Days Sales Outstanding | 163.22 | 164.73 | 160.81 | 124.12 | 260.06 |
Inventory | 4.67M | 6.12M | 7.35M | 5.81M | 4.97M |
Days Inventory Outstanding | 63.1 | 56.42 | 66.19 | 63.35 | 65.65 |
Other Current Assets | 165.61K | 316.54K | 1.1M | 871.84K | 734.88K |
Total Non-Current Assets | 5.91M | 5.78M | 7.19M | 7.45M | 9.13M |
Property, Plant & Equipment | 3.72M | 3.47M | 4.66M | 5.12M | 5.46M |
Fixed Asset Turnover | 9.18x | 14.38x | 11.04x | 8.75x | 6.14x |
Goodwill | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 871.26K | 784K | 741.23K | 701.15K | 711.16K |
Long-Term Investments | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Assets | 1.05M | 1.18M | 1.23M | 1.07M | 2.33M |
Total Assets | 31.86M▲ 0% | 39.63M▲ 24.4% | 46.7M▲ 17.8% | 39.31M▼ 15.8% | 49.13M▲ 25.0% |
Asset Turnover | 1.07x | 1.26x | 1.10x | 1.14x | 0.68x |
Asset Growth % | - | 24.41% | 17.82% | -15.83% | 24.98% |
Total Current Liabilities | 17.17M | 22.6M | 28.75M | 25.85M | 24.54M |
Accounts Payable | 6.26M | 11.87M | 12.08M | 8.67M | 10.57M |
Days Payables Outstanding | 84.62 | 109.49 | 108.75 | 94.62 | 139.67 |
Short-Term Debt | 0 | 0 | 140.85K | 0 | 0 |
Deferred Revenue (Current) | 401.18K | 223.57K | 225.53K | 221.77K | 128.19K |
Other Current Liabilities | 6.54M | 6.68M | 13.43M | 12.98M | 11.23M |
Current Ratio | 1.51x | 1.50x | 1.37x | 1.23x | 1.63x |
Quick Ratio | 1.24x | 1.23x | 1.12x | 1.01x | 1.43x |
Cash Conversion Cycle | 141.71 | 111.66 | 118.24 | 92.85 | 186.04 |
Total Non-Current Liabilities | 1.57M | 2.51M | 1.2M | 790.91K | 2.38M |
Long-Term Debt | 1.32M | 2.1M | 763.93K | 614.48K | 1.77M |
Capital Lease Obligations | 0 | 0 | 0 | 0 | 234.84K |
Deferred Tax Liabilities | 248.56K | 408.54K | 437.65K | 176.43K | 372.94K |
Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 |
Total Liabilities | 18.74M | 25.1M | 29.95M | 26.64M | 26.92M |
Total Debt | 1.32M | 2.1M | 904.78K | 614.48K | 2.3M |
Net Debt | -4.13M | -2.02M | -7.18M | -7.52M | -2.21M |
Debt / Equity | 0.10x | 0.14x | 0.05x | 0.05x | 0.10x |
Debt / EBITDA | 0.46x | 0.49x | 0.21x | 0.66x | - |
Net Debt / EBITDA | -1.43x | -0.47x | -1.65x | -8.03x | - |
Interest Coverage | 21.86x | 11.52x | 9.56x | 0.83x | 2.90x |
Total Equity | 13.12M▲ 0% | 14.53M▲ 10.8% | 16.75M▲ 15.3% | 12.66M▼ 24.4% | 22.21M▲ 75.4% |
Equity Growth % | - | 10.78% | 15.27% | -24.38% | 75.37% |
Book Value per Share | 0.58 | 0.65 | 0.74 | 0.56 | 1.11 |
Total Shareholders' Equity | 13.12M | 14.53M | 16.75M | 12.66M | 22.21M |
Common Stock | 641.03K | 641.03K | 641.03K | 641.03K | 727.24K |
Retained Earnings | 10.56M | 12.86M | 15.24M | 11.37M | 11.82M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | 1.92M | 1.03M | 862.51K | 650.04K | 1.37M |
Minority Interest | 0 | 0 | 0 | 0 | 0 |
LUD Cash Flow Statement
Luda Technology Group Limited (LUD) cash flow — operating, investing & free cash flow history
| Metric | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|
Cash from Operations | 1.37M | -1M | 3.33M | 5.46M | -1.71M |
Operating CF Margin % | 4.01% | -2.01% | 6.48% | 12.16% | -5.1% |
Operating CF Growth % | - | -173.24% | 432.38% | 63.75% | -131.31% |
Net Income | 4.94M | 3.07M | 3.03M | -361.02K | 556.83K |
Depreciation & Amortization | 478.57K | 433.38K | 470.12K | 480.61K | 601.86K |
Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes | 305.51K | 50.22K | -186.3K | -265.47K | 145.94K |
Other Non-Cash Items | -3.99M | 761.17K | 960.02K | 709.53K | -2.05M |
Working Capital Changes | -363.59K | -5.31M | -943.57K | 4.89M | -964.75K |
Change in Receivables | -1.83M | -9.51M | -1.31M | 6.97M | -867.76K |
Change in Inventory | -1.06M | -2.17M | -1.64M | 1.16M | 803.49K |
Change in Payables | 2.57M | 5.93M | -44.5K | -1.93M | 314.32K |
Cash from Investing | -492.3K | -431.32K | -1.76M | -2.82M | -11.03M |
Capital Expenditures | -518.93K | -460.38K | -1.76M | -1.08M | -458.22K |
CapEx % of Revenue | 1.52% | 0.92% | 3.42% | 2.4% | 1.37% |
Acquisitions | 0 | 0 | 0 | 0 | 0 |
Investments | - | - | - | - | - |
Other Investing | 10.6K | 24.65K | -699 | -1.74M | 108.87K |
Cash from Financing | 696.16K | 524.09K | 2.71M | -2.59M | 8.82M |
Debt Issued (Net) | 995.61K | 729.48K | 3.96M | 621.93K | -225.07K |
Equity Issued (Net) | 0 | 0 | 0 | 0 | 9.61M |
Dividends Paid | -306.04K | 0 | -630.78K | -3.38M | 0 |
Share Repurchases | 0 | 0 | 0 | 0 | 0 |
Other Financing | 6.59K | -205.39K | -625.6K | 170.48K | -565.94K |
Net Change in Cash | 1.68M▲ 0% | -1.33M▼ 179.4% | 4.12M▲ 408.6% | -62.75K▼ 101.5% | -3.56M▼ 5574.9% |
Free Cash Flow | 850.13K▲ 0% | -1.46M▼ 272.1% | 1.57M▲ 207.6% | 4.38M▲ 178.2% | -2.17M▼ 149.5% |
FCF Margin % | 2.49% | -2.94% | 3.06% | 9.76% | -6.46% |
FCF Growth % | - | -272.1% | 207.6% | 178.18% | -149.48% |
FCF per Share | 0.04 | -0.07 | 0.07 | 0.19 | -0.11 |
FCF Conversion (FCF/Net Income) | 0.28x | -0.33x | 1.10x | -15.12x | -3.07x |
Interest Paid | 294.62K | 339.16K | 455.46K | 530.18K | 473.44K |
Taxes Paid | 331.39K | 703.03K | 954.11K | 557.35K | 204.46K |
LUD Key Ratios
Luda Technology Group Limited (LUD) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
Return on Equity (ROE) | 37.67% | 22.19% | 19.39% | -2.46% | 3.19% |
Return on Invested Capital (ROIC) | 20.09% | 26.67% | 26.3% | 4.65% | -5.69% |
Gross Margin | 20.9% | 20.63% | 21.18% | 25.42% | 17.65% |
Net Margin | 14.47% | 6.15% | 5.9% | -0.8% | 1.66% |
Debt / Equity | 0.10x | 0.14x | 0.05x | 0.05x | 0.10x |
Interest Coverage | 21.86x | 11.52x | 9.56x | 0.83x | 2.90x |
FCF Conversion | 0.28x | -0.33x | 1.10x | -15.12x | -3.07x |
Revenue Growth | - | 46.01% | 3.16% | -12.76% | -25.25% |
Related:LUD Dividend History·LUD Revenue History·LUD Price History·LUD P/E History·LUD Financial Ratios·LUD Institutional Holders
LUD Frequently Asked Questions
Luda Technology Group Limited (LUD) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Luda Technology Group Limited (LUD) reported $33.5M in revenue for fiscal year 2025. This represents a 2% decrease from $34.1M in 2021.
Luda Technology Group Limited (LUD) saw revenue decline by 25.3% over the past year.
Yes, Luda Technology Group Limited (LUD) is profitable, generating $0.6M in net income for fiscal year 2025 (1.7% net margin).
Dividend & Returns
Luda Technology Group Limited (LUD) has a return on equity (ROE) of 3.2%. This is below average, suggesting room for improvement.
Luda Technology Group Limited (LUD) had negative free cash flow of $2.2M in fiscal year 2025, likely due to heavy capital investments.