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Financial Analysis

Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data

Fundamentals

HF Foods Group Inc. HFFG

· Consumer · Wholesale-Groceries & Related Products

FY2025 10-K, filed 2026-03-16
SEC EDGAR

Filing evidence summary

Mixed evidenceCoverage 5/5 core metrics

Flagged areas: Earnings quality, Solvency & liquidity.

Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.

Evidence signals

  • 4 filing risk checks flagged

    Flagged areas: Earnings quality, Solvency & liquidity.

    Why this surfaced

    The full financial analysis shows each value, threshold, and sector limitation.

  • Operating margin was stable

    Operating margin changed +0.6 percentage points from the prior annual period.

    Why this surfaced

    Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2025-12-31.

  • Revenue expanded

    Latest reported annual revenue changed +2.2% from the prior reported annual observation.

    Why this surfaced

    Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.

  • Free cash flow was positive

    Latest reported free cash flow was $7M.

    Why this surfaced

    Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2025-12-31.

Core trend metrics

Latest annual revenue growth
+2.2%
as of 2025-12-31
Latest annual operating margin
-2.7%
as of 2025-12-31
Free cash flow
$7M
as of 2025-12-31
Debt / equity
0.53x
as of 2025-12-31
ROIC snapshot
-8.6%
period varies

Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.

Where to look next

Risk checks

4of 12 rule-based checks flagged
  • Earnings quality
  • Solvency & liquidity

Financial movement

  • Cash→ flat
  • Long-term debt→ flat
  • Inventory→ flat
  • Receivables→ flat
  • Current assets→ flat

Source & freshness

Source
SEC EDGAR XBRL
Fetched
2026-09-06
Latest period end
2025-12-31
Filings
EDGAR ↗

Reported segment mix

figures as filed · share of the filed sum · change vs the prior period in the same filing
Fiscal year ending 2025-12-3110-K filed 2026-03-16prior period 2024-12-31 from the same filingView filing
By business segment
Revenue
  • Operating Segment$1.23B
    100.0%
    +2.2% yoy

Members sum to the consolidated $1.23B for this period.

By product or service
Revenue
  • Product$1.23B
    share n/a
    +2.2% yoy
  • Seafood$437M
    share n/a
    +10.8% yoy
  • Meat And Poultry$271M
    share n/a
    +6.9% yoy
  • Asian Specialty$226M
    share n/a
    -26.0% yoy
  • Commodity Product$124M
    share n/a
    +115.2% yoy
  • Fresh Produce$113M
    share n/a
    -12.1% yoy
  • Packaging And Other$57.7M
    share n/a
    -7.9% yoy

member sum exceeds the consolidated figure: this axis carries more than one breakdown, so shares are not computed.

Latest quarter
Quarter ending 2026-03-3110-Q filed 2026-05-11prior period 2025-03-31 from the same filingView filing
  • Operating Segment$312M
    100.0%
    +4.5% yoy

Change is against the same quarter a year earlier, as reported in the same 10-Q.

Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.

Peer percentiles

latest fiscal year ending 2025-12-31 · among 4,122 US-listed filers · 481 in Consumer
MetricValuevs all filersvs sector
Revenue
latest fiscal-year revenue as filed
$1.2B
58thof 3,301
middle third
40thof 463
middle third
Revenue growth
latest fiscal-year revenue vs the prior fiscal year
2.2%
36thof 3,135
middle third
43rdof 449
middle third
Gross margin
gross profit ÷ revenue
16.9%
17thof 1,603
bottom third
16thof 328
bottom third
Operating margin
operating income ÷ revenue
-2.7%
39thof 2,819
middle third
24thof 432
bottom third
Net margin
net income ÷ revenue
-3.2%
37thof 3,263
middle third
25thof 459
bottom third
Free-cash-flow margin
(operating cash flow − |capex|) ÷ revenue
0.5%
36thof 2,679
middle third
27thof 417
bottom third
Return on equity
net income ÷ stockholders' equity (positive equity only)
-19.2%
29thof 3,577
bottom third
20thof 410
bottom third
Stock comp ÷ revenue
stock-based compensation ÷ revenue · lower is ranked higher
0.1%
97thof 2,895
top third
91stof 414
top third
Net debt ÷ operating cash flow
net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher
3.8×
35thof 1,547
middle third
32ndof 242
bottom third
Cash-flow accrual ratio
(net income − operating cash flow) ÷ average total assets · lower is ranked higher
-11.8%
78thof 3,577
top third
84thof 415
top third
Balance-sheet accrual ratio
change in net operating assets ÷ average net operating assets · lower is ranked higher
-10.8%
76thof 3,059
top third
79thof 325
top third

Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.

Earnings quality

latest fiscal year ending 2025-12-31 · accruals and cash conversion as filed
Cash conversion
-
operating cash flow ÷ net income, latest fiscal year
Cash-flow accrual ratio
-11.8%
(net income − operating cash flow) ÷ average total assets
Balance-sheet accrual ratio
-10.8%
change in net operating assets ÷ average net operating assets
Cash-backed years
4 of 5
fiscal years where operating cash flow met or exceeded net income
Mean cash conversion
38.87×
across the stored fiscal years with positive net income

Per fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.

Point-in-time ledger

first-reported vs latest filing · periods since 2020-01-01 · 37 changed periods, 30 largest shown
Line itemPeriodFirst reportedLatest filingChangeFilings
Operating income
OperatingIncomeLoss
quarter 2020-03-31-$432K
10-Q 2020-05-18
-$339M
10-K 2023-01-31
-78364.3%first · latest · 3 filings carry it
Operating income
OperatingIncomeLoss
fiscal year 2020-12-31-$5.83M
10-K 2021-03-16
-$344M
10-K 2023-03-31
-5792.2%first · latest · 3 filings carry it
Operating cash flow
NetCashProvidedByUsedInOperatingActivities
fiscal year 2023-12-31$15.8M
10-K 2024-03-26
-$1.65M
10-K 2025-03-17
-110.4%first · latest
Operating cash flow
NetCashProvidedByUsedInOperatingActivities
quarter 2024-03-31$7.05M
10-Q 2024-05-10
$11.2M
10-Q 2025-05-12
+59.1%first · latest
Operating income
OperatingIncomeLoss
quarter 2020-09-30$112K
10-Q 2020-11-09
$154K
10-K 2023-01-31
+37.0%first · latest · 3 filings carry it
Net income
NetIncomeLoss
quarter 2020-09-30-$624K
10-Q 2020-11-09
-$712K
10-K 2023-01-31
-14.1%first · latest · 3 filings carry it
Operating cash flow
NetCashProvidedByUsedInOperatingActivities
fiscal year 2022-12-31$31.3M
10-K 2023-03-31
$35.4M
10-K 2025-03-17
+13.1%first · latest · 3 filings carry it
Net income
NetIncomeLoss
quarter 2021-03-31$1.52M
10-Q 2021-05-10
$1.36M
10-Q 2023-01-31
-10.8%first · latest · 3 filings carry it
Depreciation and amortization
DepreciationDepletionAndAmortization
fiscal year 2020-12-31$17.9M
10-K 2021-03-16
$18.9M
10-K 2023-03-31
+5.9%first · latest · 3 filings carry it
Net income
NetIncomeLoss
quarter 2021-06-30$3.6M
10-Q 2021-08-09
$3.41M
10-Q 2023-01-31
-5.3%first · latest · 3 filings carry it
Operating cash flow
NetCashProvidedByUsedInOperatingActivities
quarter 2021-03-31$10.6M
10-Q 2021-05-10
$11M
10-Q 2023-01-31
+4.1%first · latest · 3 filings carry it
Depreciation and amortization
DepreciationDepletionAndAmortization
quarter 2021-03-31$4.55M
10-Q 2021-05-10
$4.73M
10-Q 2023-01-31
+3.9%first · latest
Net income
NetIncomeLoss
quarter 2021-09-30$7.85M
10-Q 2021-11-15
$7.55M
10-Q 2023-01-31
-3.8%first · latest · 3 filings carry it
Operating cash flow
NetCashProvidedByUsedInOperatingActivities
fiscal year 2020-12-31$44.1M
10-K 2021-03-16
$45.7M
10-K 2023-03-31
+3.5%first · latest · 3 filings carry it
Total liabilities
Liabilities
balance at 2020-12-31$219M
10-K 2021-03-16
$227M
10-K 2023-01-31
+3.5%first · latest · 5 filings carry it
Total liabilities
Liabilities
balance at 2020-06-30$233M
10-Q 2020-08-10
$241M
10-K 2023-01-31
+3.4%first · latest
Total liabilities
Liabilities
balance at 2020-09-30$227M
10-Q 2020-11-09
$234M
10-K 2023-01-31
+3.3%first · latest
Total liabilities
Liabilities
balance at 2020-03-31$254M
10-Q 2020-05-18
$261M
10-K 2023-01-31
+3.1%first · latest
Total liabilities
Liabilities
balance at 2021-09-30$241M
10-Q 2021-11-15
$248M
10-K 2023-01-31
+3.0%first · latest
Operating income
OperatingIncomeLoss
quarter 2021-03-31$1.3M
10-Q 2021-05-10
$1.34M
10-Q 2023-01-31
+2.8%first · latest · 3 filings carry it
Operating income
OperatingIncomeLoss
quarter 2021-06-30$5.23M
10-Q 2021-08-09
$5.34M
10-Q 2023-01-31
+2.2%first · latest · 3 filings carry it
Net income
NetIncomeLoss
quarter 2020-06-30-$4.06M
10-Q 2020-08-10
-$4.14M
10-K 2023-01-31
-2.0%first · latest · 3 filings carry it
Operating cash flow
NetCashProvidedByUsedInOperatingActivities
quarter 2020-03-31$18.6M
10-Q 2020-05-18
$18.9M
10-K 2023-01-31
+1.7%first · latest · 3 filings carry it
Operating income
OperatingIncomeLoss
quarter 2020-06-30-$4.48M
10-Q 2020-08-10
-$4.41M
10-K 2023-01-31
+1.5%first · latest · 3 filings carry it
Total assets
Assets
balance at 2020-06-30$496M
10-Q 2020-08-10
$503M
10-K 2023-01-31
+1.4%first · latest
Total assets
Assets
balance at 2020-03-31$521M
10-Q 2020-05-18
$528M
10-K 2023-01-31
+1.3%first · latest
Total assets
Assets
balance at 2020-09-30$490M
10-Q 2020-11-09
$496M
10-K 2023-01-31
+1.3%first · latest
Total assets
Assets
balance at 2020-12-31$484M
10-K 2021-03-16
$491M
10-K 2023-01-31
+1.3%first · latest · 5 filings carry it
Total assets
Assets
balance at 2021-09-30$515M
10-Q 2021-11-15
$520M
10-K 2023-01-31
+1.1%first · latest
Gross profit
GrossProfit
quarter 2020-06-30$20.6M
10-Q 2020-08-10
$20.8M
10-K 2023-01-31
+0.9%first · latest · 3 filings carry it

First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.

Notes by disclosure type

Not available for HFFG yet: no footnote text blocks on file for this filer in the ingested DERA files.

Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.

Educational content only. Not financial advice. TrendNalysis provides educational and informational financial analysis built from public SEC filings and economic data (FRED, BLS). It is not financial, investment, tax, or legal advice and is not a recommendation to buy or sell any security. Market pricing is not currently included. Past performance does not guarantee future results. Always do your own research and consult a licensed financial professional before investing.