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BingEx vs Haoxin: revenue, profit, margins and growth compared

BingEx brought in $570.9M of revenue in fiscal 2025, Haoxin $33M in fiscal 2025. Revenue changed by -6.7% at BingEx and +29.2% at Haoxin on the year before, so Haoxin grew faster. BingEx kept 2.7% of its revenue as net profit, Haoxin 12.0%. Free cash flow was $14.1M at BingEx and -$14M at Haoxin.

Side by side, latest fiscal year

FLXHXHX
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$570.9M$33M
Revenue growth-6.7%+29.2%
Net income$15.6M$4M
Net margin2.7%12.0%
Free cash flow$14.1M-$14M
Free cash flow margin2.5%-42.4%
Earnings per share (diluted)$0.07$0.30
Cash$80.2M$1.4M
Debtn/an/a
Price to earningsn/an/a
Market value$85.6M$5.9M
Dividend yieldn/an/a
Rank by revenue in sector#310 of 518 · Industrials#434 of 518 · Industrials

Over the years

Revenue
FLX FY2024: $612.1MFLX FY2025: $570.9MHXHX FY2022: $28.9MHXHX FY2024: $26.7MHXHX FY2024: $25.6MHXHX FY2025: $33MFY22FY24FY25
FLX $570.9MHXHX $33M
Net income
FLX FY2024: -$20.1MFLX FY2025: $15.6MHXHX FY2022: $4.3MHXHX FY2024: $4MHXHX FY2024: $3.2MHXHX FY2025: $4MFY22FY24FY25
FLX $15.6MHXHX $4M
Net margin
FLX FY2024: -3.3%FLX FY2025: 2.7%HXHX FY2022: 14.8%HXHX FY2024: 14.9%HXHX FY2024: 12.4%HXHX FY2025: 12.0%FY22FY24FY25
FLX 2.7%HXHX 12.0%
Revenue growth
FLX FY2025: -6.7%HXHX FY2024: -7.9%HXHX FY2024: -4.1%HXHX FY2025: +29.2%FY24FY25
FLX -6.7%HXHX +29.2%
Free cash flow
FLX FY2024: $144KFLX FY2025: $14.1MHXHX FY2022: -$500.6KHXHX FY2024: $921.3KHXHX FY2024: -$4MHXHX FY2025: -$14MFY22FY24FY25
FLX $14.1MHXHX -$14M

Fiscal years as each company reports them; the two may end in different months.

Questions about BingEx and Haoxin

Which is bigger by revenue, BingEx or Haoxin?

BingEx is bigger by revenue: $570.9M in fiscal 2025, against $33M for Haoxin in fiscal 2025.

Which keeps more of its revenue as profit, BingEx or Haoxin?

BingEx had a net margin of 2.7% in fiscal 2025; Haoxin had 12.0% in fiscal 2025.

Which grew revenue faster, BingEx or Haoxin?

In their latest fiscal years revenue changed by -6.7% at BingEx and +29.2% at Haoxin.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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