Saturday 17 October 2026
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Gulf Resources, Inc.
GURE Basic Materials Chemicals
Gulf Resources, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $25.4 million, up 231.8% from fiscal 2024. In the quarter to June 2026, revenue grew 54.5%, EPS grew 206.0%, free cash flow fell 1,065.2% and total debt rose 484.8%, each against the same quarter a year earlier.
3.12
0.11
+3.65%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
6 | 2 | 1 | 9 | 6 | 6 | 4 | 3 | 5 | 7 |
P/E ratio |
0.00 | 0.00 | 0.00 | 3.22 | 0.00 | 0.00 | 0.00 | 0.00 | 9.11 | 2.57 |
P/S ratio |
0.19 | 0.81 | 0.60 | 0.49 | 0.82 | 1.41 | 2.28 | 14.07 | 0.64 | 0.63 |
Altman Z-Score |
0.46 | 0.32 | 1.60 | 2.63 | 2.59 | 2.63 | 2.02 | 5.48 | 9.58 | 5.90 |
P/FCF ratio |
0.17 | 0.00 | 0.00 | 2.50 | 0.00 | 0.00 | 0.00 | 0.00 | 1.99 | 2.50 |
Altman Z″-Score (non-manufacturers) |
6.10 | 6.50 | 13.60 | 18.56 | 17.06 | 21.06 | 21.07 | 70.21 | 79.01 | 29.64 |
Beneish M-Score |
— | — | — | (3.70) | (2.58) | (24.77) | — | — | (3.37) | (2.70) |
P/Operating CF |
1.53 | 6.42 | (0.43) | 2.30 | 3.70 | 6.58 | (8.08) | (6.47) | 1.74 | 3.61 |
P/B ratio |
0.04 | 0.04 | 0.09 | 0.12 | 0.16 | 0.14 | 0.09 | 0.12 | 0.18 | 0.27 |
Price to Tangible BV |
0.06 | 0.05 | 0.10 | 0.13 | 0.18 | 0.16 | 0.10 | 0.14 | 0.19 | 0.29 |
EV/Sales |
0.49 | 0.16 | (1.76) | (1.13) | (0.88) | (1.86) | (7.01) | (54.11) | (1.29) | (0.45) |
EV/EBITDA |
1.45 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8.04 | 3.76 | 0.00 | 0.00 |
EV/Operating CF |
1.60 | 1.83 | 1.61 | (1.46) | (2.09) | (5.65) | 4.85 | (8.10) | (2.20) | (1.23) |
EV/FCF |
0.42 | (0.03) | 1.00 | (5.77) | 2.52 | 4.01 | 0.97 | 7.54 | (4.03) | (1.80) |
Quick Ratio |
2.43 | 0.83 | 6.13 | 9.65 | 7.94 | 14.18 | 16.68 | 68.23 | 73.82 | 15.47 |
Current Ratio |
2.98 | 1.34 | 6.84 | 10.14 | 8.31 | 15.11 | 17.00 | 71.40 | 74.70 | 15.90 |
Net Debt/EBITDA |
0.88 | 1.99 | (4.39) | (2.47) | (3.65) | (14.65) | 10.66 | 4.73 | (6.39) | (2.20) |
Debt/Assets |
5.62% | 3.03% | 0.58% | 0.50% | 0.57% | 0.64% | 0.68% | 0.69% | 0.59% | 0.62% |
Debt/Equity |
0.07 | 0.04 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
Asset Turnover |
0.17 | 0.04 | 0.12 | 0.22 | 0.18 | 0.10 | 0.04 | 0.01 | 0.29 | 0.41 |
Operating CF/Net income |
(0.18) | (0.01) | 0.53 | 5.08 | (25.21) | (1.11) | 0.59 | (0.25) | 7.89 | 1.52 |
Capex/Depreciation |
(0.52) | (1.46) | 0.00 | (1.40) | (1.46) | (1.36) | (4.31) | (0.78) | (1.34) | (0.69) |
Interest Coverage |
(23.00) | (242.10) | (113.03) | 135.76 | 37.98 | (70.99) | (160.21) | (520.90) | 68.00 | 272.86 |
| (34.54%) | (34.42%) | (25.92%) | 3.60% | (0.33%) | (3.12%) | (9.26%) | (20.71%) | 2.17% | 10.54% | |
| (29.13%) | (30.37%) | (23.81%) | 3.34% | (0.31%) | (2.94%) | (8.93%) | (20.40%) | 2.11% | 10.03% | |
ROIC |
(4.50%) | (10.09%) | (5.53%) | 6.25% | 1.69% | (3.28%) | (8.84%) | (44.66%) | 3.98% | 15.88% |
Return on Tangible Assets |
(56.11%) | (63.79%) | (33.27%) | 3.91% | (0.35%) | (3.38%) | (10.80%) | (26.18%) | 2.38% | 11.42% |
Average Days of Receivables |
287.79 | 31.38 | 59.20 | 29.62 | 96.35 | 84.40 | 168.01 | 1.76 | 101.05 | 126.75 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.18% | 0.18% |
Selling, General and Administrative Expense of Revenue |
22.15% | 82.00% | 14.31% | 9.22% | 17.42% | 36.45% | 125.38% | 436.81% | 8.20% | 3.87% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 | 0.08 |
Share Based Compensation of Revenue |
3.66% | 2.54% | 1.50% | 1.01% | 5.70% | 8.48% | 0.64% | 19.12% | 0.35% | 0.03% |
Graham Net Nets |
0.47 | (1.21) | 3.56 | 3.05 | 2.03 | 2.27 | 3.77 | 5.00 | 3.45 | 2.19 |
Graham Number |
0.00 | 0.00 | 0.00 | 246.73 | 0.00 | 0.00 | 0.00 | 0.00 | 271.30 | 579.27 |
Earnings Yield |
(893.83%) | (964.91%) | (346.20%) | 31.06% | (2.31%) | (21.12%) | (105.25%) | (192.31%) | 10.98% | 38.92% |
Free Cash Flow Yield |
605.74% | (708.41%) | (291.56%) | 39.93% | (42.61%) | (32.93%) | (317.38%) | (50.99%) | 50.25% | 39.97% |
Revenue per Share |
19.07 | 7.02 | 28.28 | 65.84 | 52.55 | 29.22 | 11.20 | 2.77 | 114.89 | 161.27 |
Operating CF per Share |
5.85 | 0.62 | (30.83) | 50.95 | 22.26 | 9.64 | (16.17) | 18.52 | 67.05 | 59.65 |
Capex per Share |
(6.64) | (26.50) | 0.00 | (37.41) | (28.74) | (22.50) | (64.04) | (38.41) | (30.37) | (19.09) |
Free Cash Flow per Share |
(0.78) | (25.88) | (30.83) | 13.54 | (6.48) | (12.86) | (80.21) | (19.88) | 36.68 | 40.56 |
Cash per Share |
0.00 | 9.23 | 67.98 | 107.81 | 91.45 | 97.62 | 105.97 | 191.22 | 223.21 | 177.06 |
Shareholders Equity per Share |
83.63 | 130.83 | 193.17 | 270.56 | 273.72 | 287.01 | 277.98 | 313.91 | 408.12 | 377.55 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
83.63 | 130.83 | 193.17 | 270.56 | 273.72 | 287.01 | 277.98 | 313.91 | 408.12 | 377.55 |
Free Cash Flow |
(1.05) | (28.25) | (32.75) | 13.59 | (6.78) | (12.41) | (75.92) | (18.61) | 34.33 | 37.55 |
Working Capital |
16.33 | 4.47 | 73.48 | 107.65 | 101.55 | 100.21 | 100.90 | 184.72 | 238.28 | 207.82 |
Capital Expenditures |
(8.85) | (28.92) | — | (37.56) | (30.09) | (21.72) | (60.61) | (35.95) | (28.42) | (17.67) |
Net Current Asset Value |
2.32 | (7.56) | 64.65 | 98.61 | 92.22 | 90.30 | 91.06 | 182.65 | 235.98 | 205.54 |
EV/EBIT |
0.00 | 0.00 | 4.44 | 0.00 | 0.00 | 5.43 | 3.19 | 1.68 | 0.00 | 0.00 |
Capex to Sales |
0.35 | 3.78 | 0.00 | 0.57 | 0.55 | 0.77 | 5.72 | 13.86 | 0.26 | 0.12 |
Price to Operating Income |
0.00 | 0.00 | 0.00 | 1.96 | 8.70 | 0.00 | 0.00 | 0.00 | 6.12 | 1.97 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.28 | 0.22 | 0.25 | 0.18 | 0.13 | 0.11 | 0.10 | 0.56 | 0.22 | 0.23 |
Cash ROIC |
(0.88%) | (17.88%) | (11.75%) | 3.56% | (1.77%) | (3.33%) | (20.78%) | (3.92%) | 5.79% | 7.28% |
Accounts Receivable Turnover |
2.46 | 2.77 | 5.87 | 6.65 | 5.23 | 4.95 | 4.33 | 0.17 | 2.64 | 2.93 |
Accounts Payable Turnover |
6.81 | 3.09 | 4.52 | 4.43 | 4.85 | 8.92 | 20.49 | 23.12 | 14.42 | 10.19 |
Inventory Turnover |
64.58 | 52.94 | 34.59 | 35.53 | 68.16 | 49.72 | 21.89 | 18.75 | 19.79 | 14.51 |
Average Days of Payables |
24.23 | 99.57 | 85.68 | 70.21 | 101.55 | 67.24 | 19.59 | 14.76 | 5.38 | 33.43 |
Days of Inventory on Hand |
7.24 | 4.87 | 5.60 | 14.35 | 6.66 | 5.55 | 12.22 | 19.44 | 6.24 | 22.65 |
Average Receivables |
10.35 | 2.77 | 5.12 | 9.95 | 10.52 | 5.70 | 2.45 | 14.89 | 40.80 | 50.91 |
Average Payables |
4.16 | 7.64 | 8.33 | 9.18 | 7.81 | 3.09 | 1.01 | 0.97 | 4.86 | 9.31 |
Average Inventory |
0.44 | 0.45 | 1.09 | 1.14 | 0.56 | 0.55 | 0.94 | 1.19 | 3.54 | 6.53 |
Average Assets |
150.78 | 197.25 | 259.55 | 301.14 | 301.95 | 286.64 | 288.90 | 343.02 | 376.60 | 361.22 |
Average Common Equity |
127.15 | 174.03 | 238.43 | 279.13 | 281.83 | 270.07 | 278.48 | 337.91 | 365.71 | 343.79 |
Columns are period end dates · fundamentals updated 6 Oct 2026