HF FOODS GROUP INC.
HFFG Consumer Defensive Food Distribution
HF FOODS GROUP INC.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 2.21% from fiscal 2024. In the quarter to June 2026, revenue grew 2.84%, EPS grew 150.0%, free cash flow fell 1,362.0% and total debt rose 3.35%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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HF FOODS GROUP INC. (HFFG) Altman Z-score
HF FOODS GROUP INC.'s Altman Z-score for fiscal 2025 is 1.31, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 1.31 | (0.13) |
| FY2024 | 1.44 | (0.44) |
| FY2023 | 1.88 | 0.22 |
| FY2022 | 1.67 | 0.00 |
| FY2021 | 1.66 | 2.67 |
| FY2020 | −1.01 | (3.24) |
| FY2019 | 2.23 | (5.67) |
| FY2018 | 7.91 | 1.36 |
| FY2017 | 6.55 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.05 | — | 0.06 | |
| Retained earnings / total assets | (0.73) | — | −1.02 | |
| EBIT / total assets | (0.06) | — | −0.20 | |
| Market value of equity / total liabilities | 0.34 | — | 0.20 | |
| Sales / total assets | 2.27 | — | 2.27 | |
| Altman Z-score | Distress zone | 1.31 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −1.81 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| WILCF G. Willi-Food International, Ltd. compare | 14.7× |
| DIT AMCON Distributing Company compare | 8.2× |
| UNFI United Natural Foods, Inc. compare | 5.2× |
| ANDE The Andersons, Inc. compare | 4.1× |
| CHEF The Chefs' Warehouse, Inc. compare | 3.7× |
| AVO Mission Produce, Inc. compare | 3.6× |
| MTEX Mannatech, Incorporated compare | 3.2× |
| TWG Top Wealth Group Holding Limited compare | 2.4× |
| HFFG HF FOODS GROUP INC. | 1.3× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets