HIHO
Highway Holdings Limited
NASDAQ: HIHO · INDUSTRIALS · METAL FABRICATION
$0.80
-0.05% today
Updated 2026-04-30
Market cap
$3.87M
P/E ratio
—
P/S ratio
0.72x
EPS (TTM)
$-0.17
Dividend yield
—
52W range
$1 – $2
Volume
0.1M
Highway Holdings Limited (HIHO) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $25.84M | $31.47M | $33.16M | $33.73M | $21.74M | $31.15M | $25.37M | $21.93M | $22.94M | $22.37M | $22.93M | $19.60M | $19.17M | $14.28M | $12.56M | $9.17M | $12.37M | $10.24M | $6.32M | $7.41M |
| Revenue growth (YoY) | — | +21.8% | +5.4% | +1.7% | -35.5% | +43.3% | -18.5% | -13.5% | +4.6% | -2.5% | +2.5% | -14.5% | -2.2% | -25.5% | -12.0% | -27.0% | +34.9% | -17.2% | -38.3% | +17.3% |
| Cost of revenue | $21.60M | $25.23M | $28.09M | $27.02M | $17.04M | $24.60M | $20.25M | $17.03M | $17.48M | $16.66M | $17.01M | $14.03M | $12.42M | $10.70M | $8.40M | $6.46M | $8.60M | $7.10M | $4.61M | $4.94M |
| Gross profit | $4.24M | $6.24M | $5.07M | $6.70M | $4.70M | $6.54M | $5.12M | $4.90M | $5.45M | $5.72M | $5.93M | $5.57M | $6.74M | $3.58M | $4.15M | $2.71M | $3.77M | $3.14M | $1.71M | $2.47M |
| Gross margin | 16.4% | 19.8% | 15.3% | 19.9% | 21.6% | 21.0% | 20.2% | 22.4% | 23.8% | 25.6% | 25.8% | 28.4% | 35.2% | 25.1% | 33.1% | 29.5% | 30.5% | 30.7% | 27.0% | 33.3% |
| R&D | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| SG&A | $5.17M | $5.85M | $7.35M | $5.82M | $4.37M | $4.83M | $4.89M | $4.55M | $4.66M | $4.45M | $4.41M | $4.81M | $4.80M | $4.33M | $3.41M | $3.32M | $3.20M | $3.62M | $2.48M | $3.00M |
| Operating income | $-922000.00 | $386000.00 | $-2.28M | $881000.00 | $333000.00 | $1.70M | $230000.00 | $355000.00 | $793000.00 | $1.27M | $1.52M | $761000.00 | $1.94M | $-755000.00 | $747000.00 | $-616000.00 | $567000.00 | $-477000.00 | $-769000.00 | $-535000.00 |
| Operating margin | -3.6% | 1.2% | -6.9% | 2.6% | 1.5% | 5.4% | 0.9% | 1.6% | 3.5% | 5.7% | 6.6% | 3.9% | 10.1% | -5.3% | 5.9% | -6.7% | 4.6% | -4.7% | -12.2% | -7.2% |
| EBITDA | $1.34M | $1.82M | $-891000.00 | $1.60M | $1.09M | $2.44M | $1.06M | $1.01M | $1.32M | $1.67M | $1.82M | $1.03M | $2.39M | $-433000.00 | $2.12M | $400000.00 | $1.67M | $828000.00 | $-381000.00 | $756000.00 |
| EBITDA margin | 5.2% | 5.8% | -2.7% | 4.7% | 5.0% | 7.8% | 4.2% | 4.6% | 5.8% | 7.5% | 8.0% | 5.2% | 12.5% | -3.0% | 16.8% | 4.4% | 13.5% | 8.1% | -6.0% | 10.2% |
| EBIT | $249000.00 | $884000.00 | $-1.72M | $816000.00 | $457000.00 | $1.78M | $394000.00 | $420000.00 | $768000.00 | $1.28M | $1.51M | $761000.00 | $2.07M | $-694000.00 | $896000.00 | $-600000.00 | $568000.00 | $-313000.00 | $-1.14M | $147000.00 |
| Interest expense | $134000.00 | $242000.00 | $225000.00 | $141000.00 | $47000.00 | $57000.00 | $24000.00 | $9000.00 | $1000.00 | $18000.00 | $10000.00 | $8000.00 | $16000.00 | $33000.00 | $1.39M | $42000.00 | $11000.00 | $202000.00 | — | — |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $42000.00 | $594000.00 | $-1.92M | $768000.00 | $420000.00 | $1.65M | $184000.00 | $448000.00 | $596000.00 | $1.15M | $1.25M | $527000.00 | $1.55M | $-630000.00 | $686000.00 | $-461000.00 | $443000.00 | $-294000.00 | $-959000.00 | $106000.00 |
| Net income growth (YoY) | — | +1314.3% | -423.4% | +140.0% | -45.3% | +292.9% | -88.8% | +143.5% | +33.0% | +93.0% | +8.8% | -57.9% | +194.1% | -140.6% | +208.9% | -167.2% | +196.1% | -166.4% | -226.2% | +111.1% |
| Profit margin | 0.2% | 1.9% | -5.8% | 2.3% | 1.9% | 5.3% | 0.7% | 2.0% | 2.6% | 5.1% | 5.5% | 2.7% | 8.1% | -4.4% | 5.5% | -5.0% | 3.6% | -2.9% | -15.2% | 1.4% |