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

Haoxin brought in $33M of revenue in fiscal 2025, SHENGFENG DEVELOPMENT $572.5M in fiscal 2025. Revenue changed by +29.2% at Haoxin and +13.6% at SHENGFENG DEVELOPMENT on the year before, so Haoxin grew faster. Haoxin kept 12.0% of its revenue as net profit, SHENGFENG DEVELOPMENT 2.1%. Free cash flow was -$14M at Haoxin and -$2.9M at SHENGFENG DEVELOPMENT.

Side by side, latest fiscal year

HXHXSFWL
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$33M$572.5M
Revenue growth+29.2%+13.6%
Net income$4M$11.9M
Net margin12.0%2.1%
Free cash flow-$14M-$2.9M
Free cash flow margin-42.4%-0.5%
Earnings per share (diluted)$0.30n/a
Cash$1.4M$35.3M
Debtn/a$81.3M
Price to earningsn/an/a
Market value$5.9M$773M
Dividend yieldn/an/a
Rank by revenue in sector#434 of 518 · Industrials#309 of 518 · Industrials

Over the years

Revenue
HXHX FY2022: $28.9MHXHX FY2024: $26.7MHXHX FY2024: $25.6MHXHX FY2025: $33MSFWL FY2020: $287.5MSFWL FY2022: $346.7MSFWL FY2022: $370.3MSFWL FY2023: $404.1MSFWL FY2024: $504.2MSFWL FY2025: $572.5MFY20FY22FY23FY24FY25
HXHX $33MSFWL $572.5M
Net income
HXHX FY2022: $4.3MHXHX FY2024: $4MHXHX FY2024: $3.2MHXHX FY2025: $4MSFWL FY2020: $6.1MSFWL FY2022: $6.9MSFWL FY2022: $7.8MSFWL FY2023: $10.3MSFWL FY2024: $10.9MSFWL FY2025: $11.9MFY20FY22FY23FY24FY25
HXHX $4MSFWL $11.9M
Net margin
HXHX FY2022: 14.8%HXHX FY2024: 14.9%HXHX FY2024: 12.4%HXHX FY2025: 12.0%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
HXHX 12.0%SFWL 2.1%
Revenue growth
HXHX FY2024: -7.9%HXHX FY2024: -4.1%HXHX FY2025: +29.2%SFWL FY2022: +20.6%SFWL FY2022: +6.8%SFWL FY2023: +9.1%SFWL FY2024: +24.8%SFWL FY2025: +13.6%FY22FY23FY24FY25
HXHX +29.2%SFWL +13.6%
Free cash flow
HXHX FY2022: -$500.6KHXHX FY2024: $921.3KHXHX FY2024: -$4MHXHX FY2025: -$14MSFWL FY2020: -$5.6MSFWL FY2022: -$2.2MSFWL FY2022: -$2.1MSFWL FY2023: $3.4MSFWL FY2024: -$14.5MSFWL FY2025: -$2.9MFY20FY22FY23FY24FY25
HXHX -$14MSFWL -$2.9M

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

Questions about Haoxin and SHENGFENG DEVELOPMENT

Which is bigger by revenue, Haoxin or SHENGFENG DEVELOPMENT?

SHENGFENG DEVELOPMENT is bigger by revenue: $572.5M in fiscal 2025, against $33M for Haoxin in fiscal 2025.

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

Haoxin had a net margin of 12.0% in fiscal 2025; SHENGFENG DEVELOPMENT had 2.1% in fiscal 2025.

Which grew revenue faster, Haoxin or SHENGFENG DEVELOPMENT?

In their latest fiscal years revenue changed by +29.2% at Haoxin 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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