Wetouch Technology Inc. (WETH) Earnings History
Annual and quarterly earnings data from 2019 to 2024
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WETH EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
WETH Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2024 | 32.2% | 22.0% | 14.3% |
| 2023 | 43.3% | 31.9% | 20.8% |
| 2022 | 37.0% | 30.1% | 23.0% |
| 2021 | 45.2% | 31.0% | 42.6% |
| 2020 | 49.8% | 37.9% | 28.5% |
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Wetouch Technology Inc. (WETH) Earnings Overview
As of May 8, 2026, Wetouch Technology Inc. (WETH) reported trailing twelve-month net income of $2.53T, reflecting -40.9% year-over-year growth. The company earned $211799.94 per diluted share over the past four quarters, with a net profit margin of 14.3%.
Looking at the long-term picture, WETH's 5-year EPS compound annual growth rate (CAGR) stands at -44.0%, signaling declining earnings. The company achieved its highest annual net income of $17M in fiscal 2021.
Wetouch Technology Inc. maintains positive profitability with a gross margin of 32.2%, operating margin of 22.0%, and net margin of 14.3%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including GTEC ($14M net income, 16.8% margin), CODA ($4M net income, 15.5% margin), INTT ($591,000 net income, -2.2% margin), WETH has room to improve margins relative to the peer group. Compare WETH vs GTEC →
WETH Earnings vs Peers
Earnings metrics vs comparable public companies
WETH Historical Earnings Data (2019–2024)
6 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $6M | -27.0% | $9M | $0.52 | 14.3% | 22.0% |
| 2023 | $8M | -5.3% | $13M | $0.88 | 20.8% | 31.9% |
| 2022 | $9M | -49.8% | $11M | $4.74 | 23.0% | 30.1% |
| 2021 | $17M | +94.7% | $13M | $10.65 | 42.6% | 31.0% |
| 2020 | $9M | -34.9% | $12M | $6.20 | 28.5% | 37.9% |
| 2019 | $14M | - | $17M | $9.46 | 34.3% | 42.5% |
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Start ComparisonWETH — Frequently Asked Questions
Quick answers to the most common questions about buying WETH stock.
Is WETH growing earnings?
WETH EPS fell to $211799.94, with earnings declining -40.9%. This contrasts with the 5-year CAGR of -44.0%. TTM net income dropped to $2.5T.
What are WETH's profit margins?
Wetouch Technology Inc. net margin is +14.3%, with operating margin at +22.0%. Margins sit within typical range for the sector.
How consistent are WETH's earnings?
WETH earnings data spans 2019-2024. The declining earnings trend is -40.9% YoY. Historical data enables comparison across business cycles.