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Huadi International vs Luda Technology: revenue, profit, margins and growth compared

Huadi International brought in $62.9M of revenue in fiscal 2025, Luda Technology $33.5M in fiscal 2025. Revenue changed by -15.3% at Huadi International and -25.3% at Luda Technology on the year before, so Huadi International grew faster. Huadi International kept -2.2% of its revenue as net profit, Luda Technology 1.7%. Free cash flow was -$9.9M at Huadi International and -$2.2M at Luda Technology.

Side by side, latest fiscal year

HUDILUD
Fiscal year endedFY2025 (September 30, 2025)FY2025 (December 31, 2025)
Revenue$62.9M$33.5M
Revenue growth-15.3%-25.3%
Net income-$1.4M$556.8K
Net margin-2.2%1.7%
Free cash flow-$9.9M-$2.2M
Free cash flow margin-15.8%-6.5%
Earnings per share (diluted)-$0.10$0.03
Cash$6.5M$4.5M
Debt$8.1M$1.8M
Price to earningsn/an/a
Market value$10.4M$90.8M
Dividend yieldn/an/a
Rank by revenue in sector#408 of 518 · Industrials#433 of 518 · Industrials

Over the years

Revenue
HUDI FY2020: $1.4MHUDI FY2021: $3.2MHUDI FY2022: $76.4MHUDI FY2023: $84.3MHUDI FY2024: $74.3MHUDI FY2025: $62.9MLUD FY2022: $49.9MLUD FY2024: $51.4MLUD FY2024: $44.9MLUD FY2025: $33.5MFY20FY21FY22FY23FY24FY25
HUDI $62.9MLUD $33.5M
Net income
HUDI FY2018: $5.2MHUDI FY2020: $5.4MHUDI FY2020: $3.4MHUDI FY2021: $2.5MHUDI FY2022: $1.9MHUDI FY2023: $3.3MHUDI FY2024: $137.4KHUDI FY2025: -$1.4MLUD FY2022: $3.1MLUD FY2024: $3MLUD FY2024: -$361KLUD FY2025: $556.8KFY18FY20FY21FY22FY23FY24FY25
HUDI -$1.4MLUD $556.8K
Net margin
HUDI FY2020: 245.0%HUDI FY2021: 78.1%HUDI FY2022: 2.5%HUDI FY2023: 3.9%HUDI FY2024: 0.2%HUDI FY2025: -2.2%LUD FY2022: 6.2%LUD FY2024: 5.9%LUD FY2024: -0.8%LUD FY2025: 1.7%FY20FY21FY22FY23FY24FY25
HUDI -2.2%LUD 1.7%
Revenue growth
HUDI FY2021: +136.5%HUDI FY2022: +2,257.0%HUDI FY2023: +10.4%HUDI FY2024: -11.9%HUDI FY2025: -15.3%LUD FY2024: +3.2%LUD FY2024: -12.8%LUD FY2025: -25.3%FY21FY22FY23FY24FY25
HUDI -15.3%LUD -25.3%
Free cash flow
HUDI FY2018: $682KHUDI FY2020: $1.4MHUDI FY2020: $2.5MHUDI FY2021: -$6.6MHUDI FY2022: $7.8MHUDI FY2023: -$2.6MHUDI FY2024: $12.7MHUDI FY2025: -$9.9MLUD FY2022: -$1.5MLUD FY2024: $1.6MLUD FY2024: $4.4MLUD FY2025: -$2.2MFY18FY20FY21FY22FY23FY24FY25
HUDI -$9.9MLUD -$2.2M

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

Questions about Huadi International and Luda Technology

Which is bigger by revenue, Huadi International or Luda Technology?

Huadi International is bigger by revenue: $62.9M in fiscal 2025, against $33.5M for Luda Technology in fiscal 2025.

Which keeps more of its revenue as profit, Huadi International or Luda Technology?

Huadi International had a net margin of -2.2% in fiscal 2025; Luda Technology had 1.7% in fiscal 2025.

Which grew revenue faster, Huadi International or Luda Technology?

In their latest fiscal years revenue changed by -15.3% at Huadi International and -25.3% at Luda Technology.

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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