Shengfeng Development (SFWL) Income Statement

Shengfeng Development reported revenue of $572.48M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 13.6% from $504.16M a year earlier. Net income was $11.93M, up 9.6% year over year, a net margin of 2.1%. Gross margin was 9.3% and operating margin 2.9%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $311.79M, up 18.4% from the same quarter a year earlier.

Shengfeng Development Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Shengfeng Development Limited income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Revenue & Gross Profit
Revenue	572.48	504.16	404.12	370.33	346.70	287.46	232.61
Cost of Revenue	519.39	457.87	357.62	328.79	305.35	251.49	203.78
Gross Profit	53.09	46.28	46.51	41.53	41.35	35.98	28.83
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	36.21	31.62	32.60	31.69	32.76	29.77	26.29
Operating Expenses	36.21	31.62	32.60	31.69	32.76	29.77	26.29
Operating Income	16.88	14.67	13.91	9.85	8.59	6.20	2.54
Other Income/Expense
Interest Income	0.26	0.16	0.13	1.27	1.33	1.33	0.05
Interest Expense	2.74	-1.97	1.78	-2.23	-2.32	1.99	1.29
Other Income/Expense	-2.62	-2.17	-1.28	-0.42	-0.43	1.41	-0.32
Income
Income Before Tax	14.26	12.49	12.63	9.43	8.16	7.61	2.22
Income Tax Expense	2.05	1.67	2.32	1.60	1.52	1.57	0.29
Net Income	11.93	10.88	10.29	7.79	6.90	6.09	1.91
Net Income - Continuous Operations	12.21	10.88	10.29	7.79	6.90	6.09	1.91
Net Income - Discontinued Operations	-	-	-	-	-	-	-
EBITDA	23.76	21.67	29.60	17.33	15.05	22.05	15.36
EBIT	16.88	14.67	14.40	9.85	8.59	6.20	-
Depreciation & Amortization	11.48	7.01	15.20	7.48	6.47	12.45	11.85
Earnings Per Share
Basic EPS	2.00	2.00	2.00	1.00	1.00	1.00	-
Diluted EPS	-	-	2.00	-	-	1.00	-
Basic Shares Outstanding	5.50	5.50	5.45	5.33	5.33	5.49	5.49
Diluted Shares Outstanding	5.50	5.50	5.45	5.33	5.33	5.49	5.49

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Shengfeng Development Financial Statements

What was Shengfeng Development's revenue in fiscal 2025?

Shengfeng Development reported revenue of $572.48M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 13.6% from $504.16M a year earlier.

Is Shengfeng Development profitable?

Yes. Shengfeng Development earned net income of $11.93M in fiscal 2025, a net margin of 2.1%. In fiscal 2024 it earned $10.88M.

What is Shengfeng Development's operating margin?

Shengfeng Development's operating income was $16.88M on revenue of $572.48M in fiscal 2025, an operating margin of 2.9%, compared with 2.9% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition