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BingEx vs SHENGFENG DEVELOPMENT: revenue, profit, margins and growth compared

BingEx brought in $570.9M of revenue in fiscal 2025, SHENGFENG DEVELOPMENT $572.5M in fiscal 2025. Revenue changed by -6.7% at BingEx and +13.6% at SHENGFENG DEVELOPMENT on the year before, so SHENGFENG DEVELOPMENT grew faster. BingEx kept 2.7% of its revenue as net profit, SHENGFENG DEVELOPMENT 2.1%. Free cash flow was $14.1M at BingEx and -$2.9M at SHENGFENG DEVELOPMENT.

Side by side, latest fiscal year

FLXSFWL
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$570.9M$572.5M
Revenue growth-6.7%+13.6%
Net income$15.6M$11.9M
Net margin2.7%2.1%
Free cash flow$14.1M-$2.9M
Free cash flow margin2.5%-0.5%
Earnings per share (diluted)$0.07n/a
Cash$80.2M$35.3M
Debtn/a$81.3M
Price to earningsn/an/a
Market value$85.6M$773M
Dividend yieldn/an/a
Rank by revenue in sector#308 of 451 · Industrials#307 of 451 · Industrials

Over the years

Revenue
FLX FY2024: $612.1MFLX FY2025: $570.9MSFWL FY2020: $287.5MSFWL FY2022: $346.7MSFWL FY2022: $370.3MSFWL FY2023: $404.1MSFWL FY2024: $504.2MSFWL FY2025: $572.5MFY20FY22FY23FY24FY25
FLX $570.9MSFWL $572.5M
Net income
FLX FY2024: -$20.1MFLX FY2025: $15.6MSFWL FY2020: $6.1MSFWL FY2022: $6.9MSFWL FY2022: $7.8MSFWL FY2023: $10.3MSFWL FY2024: $10.9MSFWL FY2025: $11.9MFY20FY22FY23FY24FY25
FLX $15.6MSFWL $11.9M
Net margin
FLX FY2024: -3.3%FLX FY2025: 2.7%SFWL FY2020: 2.1%SFWL FY2022: 2.0%SFWL FY2022: 2.1%SFWL FY2023: 2.5%SFWL FY2024: 2.2%SFWL FY2025: 2.1%FY20FY22FY23FY24FY25
FLX 2.7%SFWL 2.1%
Revenue growth
FLX FY2025: -6.7%SFWL FY2022: +20.6%SFWL FY2022: +6.8%SFWL FY2023: +9.1%SFWL FY2024: +24.8%SFWL FY2025: +13.6%FY22FY23FY24FY25
FLX -6.7%SFWL +13.6%
Free cash flow
FLX FY2024: $144KFLX FY2025: $14.1MSFWL FY2020: -$5.6MSFWL FY2022: -$2.2MSFWL FY2022: -$2.1MSFWL FY2023: $3.4MSFWL FY2024: -$14.5MSFWL FY2025: -$2.9MFY20FY22FY23FY24FY25
FLX $14.1MSFWL -$2.9M

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

Questions about BingEx and SHENGFENG DEVELOPMENT

Which is bigger by revenue, BingEx or SHENGFENG DEVELOPMENT?

SHENGFENG DEVELOPMENT is bigger by revenue: $572.5M in fiscal 2025, against $570.9M for BingEx in fiscal 2025.

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

BingEx had a net margin of 2.7% in fiscal 2025; SHENGFENG DEVELOPMENT had 2.1% in fiscal 2025.

Which grew revenue faster, BingEx or SHENGFENG DEVELOPMENT?

In their latest fiscal years revenue changed by -6.7% at BingEx and +13.6% at SHENGFENG DEVELOPMENT.

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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