Shengfeng Development Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	537.23	501.19	401.37	366.36	344.73	286.05
Other Revenue	3.23	2.97	2.75	3.96	1.97	1.42
Revenue	540.46	504.16	404.12	370.33	346.7	287.46
Revenue Growth (YoY)	21.10%	24.75%	9.13%	6.82%	20.61%	23.58%
Cost of Revenue	491.19	457.87	357.62	328.79	305.35	251.49
Gross Profit	49.27	46.28	46.51	41.53	41.35	35.98
Selling, General & Admin	33.37	31.62	32.6	31.69	32.76	29.77
Operating Expenses	33.37	31.62	32.6	31.69	32.76	29.77
Operating Income	15.9	14.67	13.91	9.85	8.59	6.2
Interest Expense	-2.41	-1.97	-1.78	-2.23	-2.32	-1.99
Interest & Investment Income	0.15	0.16	0.13	1.27	1.33	1.33
Other Non Operating Income (Expenses)	0.12	-0.05	0.09	0.62	0.56	2.07
EBT Excluding Unusual Items	13.76	12.81	12.35	9.51	8.16	7.61
Gain (Loss) on Sale of Assets	-0.15	-0.32	0.28	-0.09	-	-
Pretax Income	13.61	12.49	12.63	9.43	8.16	7.61
Income Tax Expense	1.82	1.67	2.32	1.6	1.52	1.57
Earnings From Continuing Operations	11.8	10.83	10.31	7.83	6.64	6.04
Minority Interest in Earnings	-0.09	0.05	-0.01	-0.04	0.25	0.05
Net Income	11.71	10.88	10.29	7.79	6.9	6.09
Net Income to Common	11.71	10.88	10.29	7.79	6.9	6.09
Net Income Growth	31.72%	5.67%	32.20%	12.89%	13.25%	218.90%
Shares Outstanding (Basic)	82	82	82	80	80	80
Shares Outstanding (Diluted)	82	82	82	80	80	80
Shares Change (YoY)	0.03%	0.84%	2.26%	-	-	-
EPS (Basic)	0.14	0.13	0.13	0.10	0.09	0.08
EPS (Diluted)	0.14	0.13	0.13	0.10	0.09	0.08
EPS Growth	31.68%	4.79%	29.28%	12.89%	13.25%	218.90%
Free Cash Flow	-10.75	-14.46	3.36	-2.1	-2.19	-5.59
Free Cash Flow Per Share	-0.13	-0.17	0.04	-0.03	-0.03	-0.07
Gross Margin	9.12%	9.18%	11.51%	11.21%	11.92%	12.52%
Operating Margin	2.94%	2.91%	3.44%	2.66%	2.48%	2.16%
Profit Margin	2.17%	2.16%	2.55%	2.10%	1.99%	2.12%
Free Cash Flow Margin	-1.99%	-2.87%	0.83%	-0.57%	-0.63%	-1.94%
EBITDA	22.74	21.67	20.94	17.33	15.05	11.43
EBITDA Margin	4.21%	4.30%	5.18%	4.68%	4.34%	3.97%
D&A For EBITDA	6.83	7.01	7.04	7.48	6.47	5.22
EBIT	15.9	14.67	13.91	9.85	8.59	6.2
EBIT Margin	2.94%	2.91%	3.44%	2.66%	2.48%	2.16%
Effective Tax Rate	13.34%	13.33%	18.37%	16.97%	18.59%	20.62%
Revenue as Reported	540.46	504.16	404.12	370.33	346.7	287.46
Advertising Expenses	-	0.1	0.1	0.05	0.08	0.06

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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