SFWLNasdaqTrucking & Courier Services (No Air)Fiscal year ends December 31

SHENGFENG DEVELOPMENT Ltd

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Mar 27, 2026

$7.39−0.76 (-9.30%)

Close on Oct 19, 2026

Market cap: –
P/E (TTM): –
Dividend yield: –

SHENGFENG DEVELOPMENT Ltd income statement

AnnualQuarterlyTTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31
Revenue	572	504	404	370	347	287
Cost of Revenue	519	458	358	329	305	251
Gross Profit	53	46	47	42	41	36
Selling, General & Admin	36	32	33	32	33	30
Selling & Marketing	6.00	5.96	6.69	7.43	7.72	6.14
General & Administrative	30	26	26	24	25	24
Advertising Expenses	0.10	0.10	0.10	0.05	0.08	0.06
Operating Expenses	36	32	33	32	33	30
Operating Income	17	15	14	9.85	8.59	6.20
Interest Expense	2.74	1.97	1.78	2.23	2.32	1.99
Interest & Investment Income	0.26	0.16	0.13	1.27	1.33	1.33
Income from Equity Investments	-0.04	0.02	0.02	0.08	0.07	0.06
Other Non-Operating Income	2.62	2.17	1.28	0.53	0.56	–
Gain (Loss) on Sale of Assets	0.06	-0.32	0.28	-0.09	-0.15	-0.18
Pretax Income	14	12	13	9.43	8.16	7.61
Income Tax Expense	2.05	1.67	2.32	1.60	1.52	1.57
Net Income incl. Noncontrolling Interests	12	11	10	7.83	6.64	6.04
Minority Interest in Earnings	0.28	-0.05	0.01	0.04	-0.25	-0.05
Net Income	12	11	10	7.79	–	–
Net Income to Common	–	–	10	7.79	6.90	6.09
EPS (Basic)(per share)	–	–	0.13	0.10	0.09	0.08
EPS (Diluted)(per share)	–	–	0.13	0.10	0.09	0.08
Shares Outstanding (Basic, Weighted)(shares)	–	–	82	80	80	80
Shares Outstanding (Diluted, Weighted)(shares)	–	–	82	80	80	80
EBITDA	23	21	20	17	15	11

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, FY2025

Gross margin: 9.3%
Operating margin: 2.9%
Net margin: 2.1%
Return on equity, FY2025: 9.6%

Financial strength

Current ratio: 1.32
Debt to equity: 0.58
Debt to assets: 23.6%
Cash to current liabilities: 10.7%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –