Shengfeng Development Limited (SFWL)

Shengfeng Development Income Statement

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

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

Updated Sep 4, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q