HF Foods Group Inc., together with its subsidiaries, operates as a marketer and distributor of specialty food products, seafood, fresh produce, frozen and dry food, and non-food products to Asian restaurants and other foodservice customers in the United States. It offers lobster, shrimp, crab, and scallops; fish products, such as tuna and Alaskan salmon; specialty noodles, rice specialty sauces/seasonings, and spring rolls; dry goods, including dried mushrooms and beans; and canned products comprising preserved vegetables, bamboo shoots, and water chestnuts. The company also provides meat and poultry products comprising beef, pork, chicken, and duck; seasonal fruits and vegetables, including celery, napa cabbage, and winter melon; take-out accessories, such as bamboo chopsticks, takeout containers, plastic cups, and sushi combo boxes; and general commodities consisting of oil, flour, salt, and sugar. HF Foods Group Inc. was founded in 1997 and is headquartered in Las Vegas, Nevada.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.2B | $-5M | $-39M | $5M | -19.1% | 2.2% | - |
| 2024 | $1.2B | $-8M | $-49M | $10M | -20.1% | 4.6% | - |
| 2023 | $1.1B | $35M | $-2M | $-5M | -0.8% | -1.9% | -572.6% |
| 2022 | $1.2B | $32M | $0M | $29M | 0.2% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 1,170.47 | 1,148.49 | 1,201.67 | 1,228.28 |
| Cost Of Revenue | 964.96 | 944.46 | 996.47 | 1,020.71 |
| Gross Profit | 205.51 | 204.03 | 205.19 | 207.58 |
| Operating Expense | 200.70 | 195.06 | 198.03 | 201.76 |
| Operating Income | 4.82 | 8.97 | 7.17 | 5.81 |
| EBITDA | 32.40 | 34.77 | -8.04 | -5.43 |
| EBIT | 7.46 | 8.86 | -34.71 | -33.81 |
| Pretax Income | 0 | -2.62 | -46.14 | -45.28 |
| Tax Provision | -0.23 | 0.04 | 1.97 | -5.97 |
| Net Income | 0.46 | -2.17 | -48.51 | -38.84 |
| Net Income Common Stockholders | 0.46 | -2.17 | -48.51 | -38.84 |
| Total Expenses | 1,165.65 | 1,139.52 | 1,194.50 | 1,222.47 |
| Interest Expense | 7.46 | 11.48 | 11.43 | 11.47 |
| Selling General And Administration | 200.70 | 195.06 | 198.03 | 201.76 |
| Normalized EBITDA | 31.58 | 36.35 | 36.58 | 35.25 |
| Normalized Income | -0.19 | -0.93 | -13.27 | -3.53 |
| Basic EPS | 0.01 | -0.04 | -0.92 | 0 |
| Diluted EPS | 0.01 | -0.04 | -0.92 | 0 |
| Tax Effect Of Unusual Items | 0.17 | -0.33 | -9.37 | -5.37 |
| Tax Rate For Calcs | 0.21 | 0.21 | 0.21 | 0.13 |
| Total Unusual Items | 0.82 | -1.58 | -44.61 | -40.69 |
| Total Unusual Items Excluding Goodwill | 0.82 | -1.58 | -44.61 | -40.69 |
| Net Income From Continuing Operation Net Minority Interest | 0.46 | -2.17 | -48.51 | -38.84 |
| Reconciled Depreciation | 24.94 | 25.92 | 26.68 | 28.38 |
| Reconciled Cost Of Revenue | 964.96 | 944.46 | 996.47 | 1,020.71 |
| Net Interest Income | -7.46 | -11.48 | -11.43 | -11.47 |
| Net Income From Continuing And Discontinued Operation | 0.46 | -2.17 | -48.51 | -38.84 |
| Rent Expense Supplemental | 5.74 | 0 | 0 | 0 |
| Total Operating Income As Reported | 10.56 | 8.97 | -39.13 | -33 |
| Diluted Average Shares | 53.86 | 53.88 | 52.55 | 0 |
| Basic Average Shares | 53.76 | 53.88 | 52.55 | 0 |
| Diluted NI Availto Com Stockholders | 0.46 | -2.17 | -48.51 | -38.84 |
| Minority Interests | 0.23 | 0.49 | -0.41 | 0.47 |
| Net Income Including Noncontrolling Interests | 0.23 | -2.66 | -48.10 | -39.31 |
| Net Income Continuous Operations | 0.23 | -2.66 | -48.10 | -39.31 |
| Other Income Expense | 2.65 | -0.11 | -41.88 | -39.63 |
| Other Non Operating Income Expenses | 1.83 | 1.47 | 2.73 | 1.06 |
| Special Income Charges | 0 | 0 | -46.30 | -38.81 |
| Impairment Of Capital Assets | 0 | 0 | 46.30 | 38.81 |
| Gain On Sale Of Security | 0.82 | -1.58 | 1.69 | -1.87 |
| Net Non Operating Interest Income Expense | -7.46 | -11.48 | -11.43 | -11.47 |
| Interest Expense Non Operating | 7.46 | 11.48 | 11.43 | 11.47 |
| Selling And Marketing Expense | 194.95 | 195.06 | 198.03 | 201.76 |
| General And Administrative Expense | 5.74 | 0 | 0 | 0 |
| Rent And Landing Fees | 5.74 | 0 | 0 | 0 |
| Operating Revenue | 1,170.47 | 1,148.49 | 1,201.67 | 1,228.28 |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| HF Foods Group Inc.this co. | HFFG | $103M | - | 0.51 | -19.1% | 9.29 |
| BRC Inc. | BRCC | $128M | - | 2.77 | -17.5% | -18.14 |
| SkinHealth Systems Inc. | SKIN | $104M | - | 1.68 | -15.6% | 55.16 |
| Waldencast plc | WALD | $98M | - | 0.20 | -45.9% | -42.73 |
| Solesence, Inc. | SLSN | $92M | 65.00 | 5.20 |
| 10.2% |
| 46.52 |
| Zevia PBC | ZVIA | $90M | - | 1.65 | -27.9% | -5.05 |
| FitLife Brands, Inc. | FTLF | $87M | 14.70 | 1.99 | 14.5% | 9.60 |
| Ispire Technology Inc. | ISPR | $76M | - | -9.85 | -6489.3% | -1.88 |
| LifeVantage Corporation | LFVN | $65M | 8.42 | 1.96 | 28.3% | 5.53 |
| Peer Median | - | 14.70 | 1.82 | -16.6% | 1.83 | |