Liquidity remains a primary concern as evidenced by the extreme OCF/NI ratio of -4.02 in 2025Q2 and a cash balance that has dwindled to a nominal $178.0K.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|
| Cash from Operations | -906K | -172K | -1.27M | -1.22M | 2.37M | -3.71M | 1.32M | 3.67M | -1.25M | 1.26M | -448.88K | 2.6M | -3.36M | 169.64K |
| Operating CF Margin % | - | -0.87% | -7.1% | -6.86% | 13.12% | -15.4% | 6.28% | 11.36% | -2.53% | 2.24% | -0.7% | 4.37% | -5.8% | 0.3% |
| Operating CF Growth % | -128.65% | 86.5% | -4.26% | -151.6% | 163.83% | -380.54% | -63.93% | 393.2% | -199.3% | 380.57% | -117.29% | 177.37% | -2077.82% | - |
| Net Income | -2.46M | -2.53M | -1.5M | -235K | -1.47M | -7.55M | -4.3M | -1.45M | -3.32M | -1.6M | 652.54K | 1.05M | 514.32K | 375.51K |
| Depreciation & Amortization | 628K | 641K | 345K | 279K | 383K | 963K | 858.77K | 2.28M | 1.24M | 1.55M | 1.42M | 1.78M | 2.07M | 1.91M |
| Stock-Based Compensation | 9K | 0 | 160K | 21K | 162K | 0 | 0 | 177.85K | 171.58K | 21K | 34.1K | 29.33K | 77.17K | 119.56K |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 135.09K | 967.37K | 594.22K | 50.59K | 0 | 0 | 0 |
| Other Non-Cash Items | 1.72M | 1.7M | 176K | 103K | 0 | 6.7M | 1.8M | -1.56M | 1.72M | -520.28K | 6.45M | 523.76K | 389.26K | -1.82M |
| Working Capital Changes | -811K | 20K | -456K | -1.39M | 3.29M | -3.82M | 2.96M | 4.08M | 123.75K | 1.24M | -2.81M | -783.93K | -6.41M | -417.48K |
| Change in Receivables | -1.48M | -552K | -1.43M | -2.36M | 1.82M | -1.67M | 3.99M | 475.06K | 399.41K | 3.88M | -4.08M | -689.95K | -2.88M | -1.24M |
| Change in Inventory | 662K | -245K | -702K | 534K | -449K | -604K | 1.83M | 4.51M | -1.17M | -222.49K | -1.36M | -972.69K | -2.77M | 757.12K |
| Change in Payables | -89K | 140K | 620K | -396K | -819K | -1.17M | -1.36M | 1.18M | 1.26M | -564.33K | 2.07M | 0 | 0 | 0 |
| Cash from Investing | 264K | 271K | -331K | -221K | -163K | 3.38M | -115.08K | -80.47K | -459.54K | -753.2K | 65.45K | -681.95K | -1.17M | -1.95M |
| Capital Expenditures | -75K | 0 | -331K | -221K | -163K | -122K | -115.08K | -80.47K | -459.54K | -753.2K | -630.19K | -681.95K | -1.17M | -2.06M |
| CapEx % of Revenue | 0.36% | 0.87% | 1.84% | 1.24% | 0.9% | 0.51% | 0.55% | 0.25% | 0.93% | 1.34% | 0.98% | 1.15% | 2.03% | 3.67% |
| Acquisitions | 271K | 271K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 695.63K | 0 | 0 | 111.1K |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 68K | 0 | 0 | 0 | 0 | 3.5M | 0 | 0 | 0 | 0 | 783.13K | 0 | 0 | 0 |
| Cash from Financing | 1M | 132K | 904K | 2.22M | -2.13M | 626K | -2.27M | -3.59M | 2.47M | 302.02K | 681.1K | -1.69M | 3.97M | 2.1M |
| Debt Issued (Net) | 1M | 132K | 404K | 2.22M | -2.13M | -2.29M | -8.23M | -3.59M | 1.91M | 85.93K | 230.98K | -1.68M | 3.73M | 2.15M |
| Equity Issued (Net) | 0 | 0 | 500K | 0 | 0 | 3M | 5.76M | 0 | 0 | 0 | 0 | 0 | 280.5K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -467K | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -19.5K | 0 |
| Other Financing | 0 | 0 | 0 | 0 | 0 | -85K | 207.24K | 0 | 559.59K | 216.09K | 450.12K | -2.87K | -21.5K | -35.4K |
| Net Change in Cash | 6K | -123K | -701K | 775K | 80K | -256K | -522.92K | 421.25K | 77.21K | -382.02K | 216.64K | 196.07K | -516.28K | 315.55K |
| Free Cash Flow | 1.49M | 0 | -1.6M | -1.44M | 2.21M | -3.83M | 1.21M | 3.59M | -1.71M | 506.2K | -1.08M | 1.91M | -4.53M | -1.89M |
| FCF Margin % | 7.08% | - | -8.94% | -8.1% | 12.22% | -15.91% | 5.73% | 11.11% | -3.46% | 0.9% | -1.68% | 3.22% | -7.83% | -3.37% |
| FCF Growth % | 460.53% | 100% | -11.23% | -165.44% | 157.54% | -417.38% | -66.33% | 309.71% | -437.85% | 146.91% | -156.38% | 142.26% | -139.74% | - |
| FCF per Share | 0.57 | - | -0.69 | -0.74 | 2.37 | -6.52 | 2.57 | 9.35 | -4.78 | 1.42 | -3.03 | 5.57 | -13.17 | -5.55 |
| FCF Conversion (FCF/Net Income) | -0.61x | 0.07x | 0.85x | 5.20x | -1.61x | 0.45x | -0.30x | -0.51x | 0.35x | -0.79x | -0.69x | 2.48x | -6.52x | 0.45x |
| Interest Paid | -10K | 0 | 862K | 551K | 0 | 491K | 1.17M | 0 | 2.01M | 1.43M | 0 | 0 | 1.16M | 1.3M |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 165K | 300K | 0 | 0 | 215K | 25K |
Liquidity and seasonal volatility
According to the provided quarterly cash flow data, YHGJ exhibits a persistent divergence between net income and operating cash flow, with OCF/NI ratios frequently reaching extreme negative values, such as the -4.02 observed in 2025Q2, indicating that reported earnings are not representative of the company's actual cash generation.
The consistent gap between net losses and positive operating cash flow suggests that non-cash items and working capital swings are the primary drivers of the company's reported cash position. Investors should monitor this disconnect, as it implies that the business relies heavily on timing differences in payables and receivables rather than sustainable operational profitability.
As reported in financial statements, YHGJ's free cash flow trajectory is highly erratic, swinging from a peak of $950.0K in 2025Q1 to a deficit of $2.2M in 2024Q4, which highlights the company's inability to maintain a consistent cash-generative profile amidst its seasonal revenue cycles.
The lack of a stable FCF margin suggests that the company's operational model is highly sensitive to external demand shocks and inventory management challenges. This volatility makes it difficult to forecast future liquidity, as the company appears to oscillate between cash accumulation and rapid depletion depending on the quarter.
Based on YHGJ's reported figures, working capital changes are the dominant force behind cash flow fluctuations, with quarterly swings as large as $3.2M in 2025Q4, suggesting that the company's liquidity is entirely dependent on the timing of customer collections and inventory management rather than core operational efficiency.
The extreme reliance on working capital adjustments to bridge the gap between net income and cash flow indicates that the company may be struggling with inventory obsolescence or delayed payments from major retail partners. This dependency creates a precarious liquidity environment where any disruption in the collection cycle could lead to an immediate cash crunch.
Data from recent filings indicates that YHGJ maintains a low capital intensity, with CapEx/Revenue ratios consistently below 1.5% in most periods, suggesting that the company is not currently investing heavily in new manufacturing infrastructure despite its strategic pivot toward green materials.
While the low capital expenditure profile preserves cash, it may also indicate a lack of investment in the modernization required to support the company's stated transition to biodegradable products. Analysts should investigate whether this low spending is a deliberate strategy to conserve cash or a sign of underinvestment in the company's core manufacturing capabilities.
Quick answers to the most common questions about buying YHGJ stock.
Yunhong Green CTI Ltd. (YHGJ) generated $-0.2M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Yunhong Green CTI Ltd. (YHGJ) reported negative free cash flow of $0.0M in 2025, indicating capital requirements exceeded cash from operations.
Yunhong Green CTI Ltd. (YHGJ) spent $0.0M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.