Shengfeng Development Limited (SFWL) Revenue History
Annual and quarterly revenue from 2019 to present
SFWL Revenue Over Time (2019–2025)
SFWL Revenue Growth History
6 of 6 years with positive growth- FY2019 revenue growth
- N/A
- FY2020 revenue growth
- +23.6%
- FY2021 revenue growth
- +20.6%
- FY2022 revenue growth
- +6.8%
- FY2023 revenue growth
- +9.1%
- FY2024 revenue growth
- +24.8%
- FY2025 revenue growth
- +13.6%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $309.0M | +11.6% |
| Q2 2025 | $263.4M | +16.0% |
| Q4 2024 | $277.0M | +26.4% |
| Q2 2024 | $227.1M | +22.8% |
| Q4 2023 | $219.2M | +7.5% |
| Q2 2023 | $185.0M | +11.1% |
| Q4 2022 | $203.8M | +11.7% |
| Q2 2022 | $166.5M | +1.4% |
Revenue Breakdown (FY 2025)
SFWL's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
SFWL Revenue Analysis (2019–2025)
Current Revenue & Growth
As of June 28, 2026, Shengfeng Development Limited (SFWL) generated trailing twelve-month (TTM) revenue of $1.08 billion, reflecting strong growth of +11.6% year-over-year. The most recent quarter (Q4 2025) recorded $309.0 million in revenue, up 17.3% sequentially.
Historical Growth Trajectory
SFWL's 5-year compound annual growth rate (CAGR) stands at +14.8%, indicating consistent double-digit revenue growth. The 3-year CAGR of +15.6% exceeds the 5-year average, indicating an acceleration in the most recent period. Shengfeng Development Limited's highest annual revenue of $572.5 million was recorded in 2025, an all-time high.
Revenue by Segment
SFWL's revenue is primarily driven by Other Member (100%). With over half of revenue concentrated in Other Member, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Industrials sector peers — including YMM (+25.1% YoY), ZTO (+14.7% YoY), and GXO (+10.4% YoY) — SFWL has outperformed the peer group in revenue growth. Compare SFWL vs YMM →
SFWL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SFWLCurrent | $1.1B | +11.6% | +14.8% | 2.9% | |
 YMM | $12.5B | +25.1% | +37.1% | 33.2% | |
 ZTO | $47.8B | +14.7% | +13.6% | 19.6% | |
 GXO | $13.2B | +10.4% | +16.3% | 3.2% | |
 XPO | $8.2B | +3.6% | +5.7% | 8.9% | |
 ODFL | $5.5B | -4.8% | +6.5% | 24.8% |
SFWL Historical Revenue Data (2019–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $572.5M | +13.6% | $52.3M | 9.1% | $16.9M | 2.9% |
| 2024 | $504.2M | +24.8% | $46.3M | 9.2% | $14.7M | 2.9% |
| 2023 | $404.1M | +9.1% | $46.5M | 11.5% | $13.9M | 3.4% |
| 2022 | $370.3M | +6.8% | $41.5M | 11.2% | $9.8M | 2.7% |
| 2021 | $346.7M | +20.6% | $41.3M | 11.9% | $8.6M | 2.5% |
| 2020 | $287.5M | +23.6% | $36.0M | 12.5% | $6.2M | 2.2% |
| 2019 | $232.6M | - | $28.8M | 12.4% | $2.5M | 1.1% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
7+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
SFWL — Frequently Asked Questions
Quick answers to the most common questions about buying SFWL stock.
Is SFWL's revenue growth accelerating or slowing?
SFWL revenue growth is holding steady at +11.6% year-over-year. TTM revenue is $1.1B. The current growth rate closely tracks the 5-year CAGR of +14.8%, signalling consistent execution.
What is SFWL's revenue history from 2019 to 2026?
Shengfeng Development Limited (SFWL) revenue history spans 2019 to 2026. TTM revenue as of 2026 is $1.1B, growing at +11.6% YoY. The 5-year CAGR is +14.8%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is SFWL's long-term revenue growth rate (CAGR)?
Shengfeng Development Limited's 5-year revenue CAGR of +14.8% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +11.6% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for SFWL.
Why does SFWL's quarterly revenue fluctuate?
SFWL 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. Shengfeng Development Limited's revenue data from 2019 to 2026 shows full historical quarterly detail on this page.
How is SFWL's revenue distributed by segment?
SFWL 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 SFWL's revenue compare to industry peers?
Shengfeng Development Limited (SFWL) with TTM revenue of $1.1B and +11.6% 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.