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

SHENGFENG DEVELOPMENT brought in $572.5M of revenue in fiscal 2025, Toppoint $16.5M in fiscal 2025. Revenue changed by +13.6% at SHENGFENG DEVELOPMENT and +3.2% at Toppoint on the year before, so SHENGFENG DEVELOPMENT grew faster. SHENGFENG DEVELOPMENT kept 2.1% of its revenue as net profit, Toppoint -44.4%. Free cash flow was -$2.9M at SHENGFENG DEVELOPMENT and -$2.1M at Toppoint.

Side by side, latest fiscal year

SFWLTOPP
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$572.5M$16.5M
Revenue growth+13.6%+3.2%
Net income$11.9M-$7.3M
Net margin2.1%-44.4%
Free cash flow-$2.9M-$2.1M
Free cash flow margin-0.5%-12.9%
Earnings per share (diluted)n/a-$0.41
Cash$35.3M$1.2M
Debt$81.3M$1M
Price to earningsn/an/a
Market value$773M$3.4M
Dividend yieldn/an/a
Rank by revenue in sector#309 of 518 · Industrials#462 of 518 · Industrials

Over the years

Revenue
SFWL FY2020: $287.5MSFWL FY2022: $346.7MSFWL FY2022: $370.3MSFWL FY2023: $404.1MSFWL FY2024: $504.2MSFWL FY2025: $572.5MTOPP FY2024: $18MTOPP FY2024: $16MTOPP FY2025: $16.5MFY20FY22FY23FY24FY25
SFWL $572.5MTOPP $16.5M
Net income
SFWL FY2020: $6.1MSFWL FY2022: $6.9MSFWL FY2022: $7.8MSFWL FY2023: $10.3MSFWL FY2024: $10.9MSFWL FY2025: $11.9MTOPP FY2024: $542.4KTOPP FY2024: $174.9KTOPP FY2025: -$7.3MFY20FY22FY23FY24FY25
SFWL $11.9MTOPP -$7.3M
Net margin
SFWL FY2020: 2.1%SFWL FY2022: 2.0%SFWL FY2022: 2.1%SFWL FY2023: 2.5%SFWL FY2024: 2.2%SFWL FY2025: 2.1%TOPP FY2024: 3.0%TOPP FY2024: 1.1%TOPP FY2025: -44.4%FY20FY22FY23FY24FY25
SFWL 2.1%TOPP -44.4%
Revenue growth
SFWL FY2022: +20.6%SFWL FY2022: +6.8%SFWL FY2023: +9.1%SFWL FY2024: +24.8%SFWL FY2025: +13.6%TOPP FY2024: -11.1%TOPP FY2025: +3.2%FY22FY23FY24FY25
SFWL +13.6%TOPP +3.2%
Free cash flow
SFWL FY2020: -$5.6MSFWL FY2022: -$2.2MSFWL FY2022: -$2.1MSFWL FY2023: $3.4MSFWL FY2024: -$14.5MSFWL FY2025: -$2.9MTOPP FY2024: $1.9MTOPP FY2024: -$1.8MTOPP FY2025: -$2.1MFY20FY22FY23FY24FY25
SFWL -$2.9MTOPP -$2.1M

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

Questions about SHENGFENG DEVELOPMENT and Toppoint

Which is bigger by revenue, SHENGFENG DEVELOPMENT or Toppoint?

SHENGFENG DEVELOPMENT is bigger by revenue: $572.5M in fiscal 2025, against $16.5M for Toppoint in fiscal 2025.

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

SHENGFENG DEVELOPMENT had a net margin of 2.1% in fiscal 2025; Toppoint had -44.4% in fiscal 2025.

Which grew revenue faster, SHENGFENG DEVELOPMENT or Toppoint?

In their latest fiscal years revenue changed by +13.6% at SHENGFENG DEVELOPMENT and +3.2% at Toppoint.

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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