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HF Foods vs Rave Restaurant: revenue, profit, margins and growth compared

HF Foods brought in $1.2B of revenue in fiscal 2025, Rave Restaurant $12.9M in fiscal 2026. Revenue changed by +2.2% at HF Foods and +7.2% at Rave Restaurant on the year before, so Rave Restaurant grew faster. HF Foods kept -3.2% of its revenue as net profit, Rave Restaurant 22.3%. Free cash flow was $6.6M at HF Foods and $3.5M at Rave Restaurant.

Side by side, latest fiscal year

HFFGRAVE
Fiscal year endedFY2025 (December 31, 2025)FY2026 (June 28, 2026)
Revenue$1.2B$12.9M
Revenue growth+2.2%+7.2%
Net income-$38.8M$2.9M
Net margin-3.2%22.3%
Free cash flow$6.6M$3.5M
Free cash flow margin0.5%27.1%
Earnings per share (diluted)-$0.73$0.20
Cash$8.6M$1.1M
Debt$106.1Mn/a
Price to earningsn/a11.4
Market value$85.7M$32.5M
Dividend yieldn/an/a
Rank by revenue in sector#430 of 778 · Consumer discretionary#750 of 778 · Consumer discretionary

Over the years

Revenue
HFFG FY2018: $291MHFFG FY2019: $388.2MHFFG FY2020: $566.8MHFFG FY2021: $796.9MHFFG FY2022: $1.2BHFFG FY2023: $1.1BHFFG FY2024: $1.2BHFFG FY2025: $1.2BRAVE FY2019: $12.3MRAVE FY2020: $10MRAVE FY2021: $8.6MRAVE FY2022: $10.7MRAVE FY2023: $11.9MRAVE FY2024: $12.2MRAVE FY2025: $12MRAVE FY2026: $12.9MFY18FY19FY20FY21FY22FY23FY24FY25FY26
HFFG $1.2BRAVE $12.9M
Net income
HFFG FY2018: $6.3MHFFG FY2019: $5MHFFG FY2020: -$343.5MHFFG FY2021: $22.1MHFFG FY2022: $460KHFFG FY2023: -$2.2MHFFG FY2024: -$48.5MHFFG FY2025: -$38.8MRAVE FY2019: -$750KRAVE FY2020: -$4.2MRAVE FY2021: $1.5MRAVE FY2022: $8MRAVE FY2023: $1.6MRAVE FY2024: $2.5MRAVE FY2025: $2.7MRAVE FY2026: $2.9MFY18FY19FY20FY21FY22FY23FY24FY25FY26
HFFG -$38.8MRAVE $2.9M
Net margin
HFFG FY2018: 2.2%HFFG FY2019: 1.3%HFFG FY2020: -60.6%HFFG FY2021: 2.8%HFFG FY2022: 0.0%HFFG FY2023: -0.2%HFFG FY2024: -4.0%HFFG FY2025: -3.2%RAVE FY2019: -6.1%RAVE FY2020: -42.2%RAVE FY2021: 17.7%RAVE FY2022: 75.0%RAVE FY2023: 13.6%RAVE FY2024: 20.4%RAVE FY2025: 22.4%RAVE FY2026: 22.3%FY18FY19FY20FY21FY22FY23FY24FY25FY26
HFFG -3.2%RAVE 22.3%
Revenue growth
HFFG FY2019: +33.4%HFFG FY2020: +46.0%HFFG FY2021: +40.6%HFFG FY2022: +46.9%HFFG FY2023: -1.9%HFFG FY2024: +4.6%HFFG FY2025: +2.2%RAVE FY2020: -18.6%RAVE FY2021: -14.3%RAVE FY2022: +24.4%RAVE FY2023: +11.2%RAVE FY2024: +2.2%RAVE FY2025: -0.9%RAVE FY2026: +7.2%FY19FY20FY21FY22FY23FY24FY25FY26
HFFG +2.2%RAVE +7.2%
Free cash flow
HFFG FY2018: $8.9MHFFG FY2019: -$28KHFFG FY2020: $45MHFFG FY2021: $15.3MHFFG FY2022: $29.1MHFFG FY2023: -$5.2MHFFG FY2024: $10.1MHFFG FY2025: $6.6MRAVE FY2019: $578KRAVE FY2020: -$416KRAVE FY2021: $1.3MRAVE FY2022: $1.3MRAVE FY2023: $2.8MRAVE FY2024: $2.8MRAVE FY2025: $3.3MRAVE FY2026: $3.5MFY18FY19FY20FY21FY22FY23FY24FY25FY26
HFFG $6.6MRAVE $3.5M

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

Questions about HF Foods and Rave Restaurant

Which is bigger by revenue, HF Foods or Rave Restaurant?

HF Foods is bigger by revenue: $1.2B in fiscal 2025, against $12.9M for Rave Restaurant in fiscal 2026.

Which keeps more of its revenue as profit, HF Foods or Rave Restaurant?

HF Foods had a net margin of -3.2% in fiscal 2025; Rave Restaurant had 22.3% in fiscal 2026.

Which grew revenue faster, HF Foods or Rave Restaurant?

In their latest fiscal years revenue changed by +2.2% at HF Foods and +7.2% at Rave Restaurant.

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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