HLPNasdaqGeneral Industrial Machinery & Equipment, NEC
Hongli Group Inc.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on May 13, 2026
$2.96−0.04 (-1.33%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- 98.7
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2019 to 2025
Gross margin
32.5%−7.4 pts over 5 years
Operating margin
12.4%−9.7 pts over 5 years
Net margin
9.9%−11.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +39.0% | -1.1% | +11.9% | – | |
| Gross profit | +41.1% | -3.1% | +7.5% | – | |
| Operating income | – | -5.9% | -0.3% | – | |
| Net income | – | -12.8% | -4.3% | – | |
| EPS, diluted | – | -53.1% | -34.0% | – | |
| Free cash flow | – | – | -22.7% | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 36.8% | 3.5% | |
| Return on assets | – | – | 2.8% | |
| Current ratio | – | – | 1.12 | |
| Debt to equity | – | – | – | |
| Net debt to EBITDA | – | – | – | |
| Interest coverage | – | 9.6× | 14.7× | |
| Inventory turnover | – | – | 5.1× | |
| Capex to revenue | – | 5.2% | 1.1% | |
| Diluted shares | – | 10M | 73M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Hongli generated $5.81M from operations and spent $6.66M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$5.81M
Used
$6.66M
Capital expenditure$6.66M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin9.9%
×Asset turnover0.29×
×Equity multiplier1.23×
=Return on equity, FY20253.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 9.9% | 0.29× | 1.23× | 3.5% |
| FY2024 | -13.3% | 0.29× | 1.30× | -5.0% |
| FY2023 | 5.4% | 0.47× | 1.97× | 5.0% |
| FY2022 | 14.5% | 0.70× | 2.32× | 23.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$1.94M
- Cash generatingOperating cash flow above zero$878.27K
- Return on assets improvedROA up on the prior year-5.9% → 3.0%
- Earnings backed by cashOperating cash flow above net income$878.27K vs $1.94M
- Less leverageLong-term debt to assets fell5.1% → –
- Better liquidityCurrent ratio rose1.45 → 1.12
- No dilutionShare count did not rise17M → 73M
- Gross margin improvedGross margin up on the prior year32.04% → 32.54%
- More efficientAsset turnover rose0.44 → 0.30