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Friday 6 November 2026
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Erayak Power Solution Group Inc.
RAYA Industrials Electrical Equipment & Parts
Erayak Power Solution Group Inc.’s revenue for fiscal 2025 (year ended December 2025) was $22.9 million, down 24.6% from fiscal 2024.
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Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | 9 | 14 | 19 | 27 | 20 | 30 | 23 | — | +17.0% | — | — | — | — | |
| Gross margin, % | — | — | — | 23.98 | 26.34 | 30.70 | 24.60 | 24.71 | 13.18 | 21.32 | — | (2.7) pt | ||||||
| EBT | — | — | — | 1 | 3 | 4 | 4 | 1 | (1) | (1) | — | n/m | ||||||
| EBT margin, % | — | — | — | 12.47 | 18.47 | 19.84 | 14.54 | 6.95 | (3.90) | (5.95) | — | (18.4) pt | ||||||
| Net income | — | — | — | 1 | 2 | 3 | 3 | 1 | (1) | (1) | (4) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | 0.74 | 1.17 | 31,048.17 | 6,563.17 | 3,763.43 | 2,657.93 | 448.15 | 0.00 | +190.8% | |||||
| Earnings | — | — | — | 0.08 | 0.18 | 5,334.98 | 844.45 | 222.22 | (88.89) | (27.28) | — | n/m | ||||||
| Cash flow | — | — | — | 0.04 | (0.66) | 7,738.17 | (1,012.46) | 1,246.24 | (1,392.68) | (62.08) | 0.00 | n/m | ||||||
| Capex | — | — | — | 0.00 | 0.00 | (407.00) | (169.46) | (131.46) | (48.68) | (153.67) | 0.00 | n/m | ||||||
| Free cash flow | — | — | — | 0.04 | (0.66) | 7,331.17 | (1,181.93) | 1,114.78 | (1,441.36) | (215.75) | 0.00 | n/m | ||||||
| Book value | — | — | — | 0.08 | 0.28 | 11,490.50 | 4,718.07 | 3,741.13 | 2,332.08 | 691.49 | 0.00 | +352.3% | ||||||
| Shares, m | — | — | — | 12 | 12 | 0 | 0 | 0 | 0 | 0 | — | (59.8%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | — | — | — | — | — | |||||
| P/S | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | ||||||
| P/B | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | ||||||
| EV/Sales | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | ||||||
| EV/FCF | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | (0.35) | (0.20) | (0.18) | (0.18) | (0.1) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | 1 | (8) | 5 | (4) | 7 | (16) | (3) | (33) | n/m | |||||
| Capex | — | — | — | 0 | 0 | 0 | (1) | (1) | (1) | (8) | (8) | +66.3% | ||||||
| Free cash flow | — | — | — | 1 | (8) | 4 | (5) | 6 | (16) | (11) | (41) | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | (7) | (5) | 2 | 10 | 9 | 18 | 23 | 24 | n/m | |||||
| Net debt | — | — | — | 8 | 9 | 5 | 4 | (4) | 4 | 8 | 8 | (0.2%) | ||||||
| Shareholders’ equity | — | — | — | 1 | 3 | 7 | 19 | 20 | 27 | 35 | 43 | +82.0% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | 0.00 | 12.45 | 14.89 | 11.38 | 3.34 | (2.74) | (2.64) | 0.00 | (2.6) pt | |||||
| ROIC | — | — | — | 0.00 | 0.00 | 17.88 | 11.02 | 2.83 | (3.21) | (2.40) | 0.00 | (2.4) pt | ||||||
| ROE | — | — | — | 0.00 | 101.86 | 66.10 | 26.50 | 6.16 | (4.77) | (4.49) | 0.00 | (4.5) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | 118 | 132 | 290 | 360 | 349 | — | +31.1% | |||||
| Revenue/emp, $m | — | — | — | 0.00 | 0.00 | 0.16 | 0.20 | 0.07 | 0.08 | 0.07 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · fundamentals updated 2 Nov 2026
Erayak Power Solution Group Inc. vs peers in Electrical Equipment & Parts (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| GWHT ESS Tech, Inc. | $6.3M | — (loss-making) | — (loss-making) | −96.90% (below 0%: shrinking) | n/m | +27.83% (above 0%: growing) | (10,165.75%) | (20,731.51%) | Compare |
| NXUR Nxu, Inc. | $6.1M | — (loss-making) | 27.1× | −75.00% (below 0%: shrinking) | n/m | +61.06% (above 0%: growing) | (2,100.00%) | (256,000.00%) | Compare |
| CCTG CCSC Technology International Holdings Limited | $3.8M | — | — | — | — | −99.66% (below 0%: shrinking) | — | — | Compare |
| DFLI Dragonfly Energy Holdings Corp. | $3.3M | — (loss-making) | — (loss-making) | −19.01% (below 0%: shrinking) | n/m | +47.29% (above 0%: growing) | 33.00% | (22.03%) | Compare |
| XPON Expion Energy, Inc. | $2.7M | — (loss-making) | — (loss-making) | −32.10% (below 0%: shrinking) | n/m | −270.31% (below 0%: shrinking) | 32.43% | (64.10%) | Compare |
| POLA Polar Power, Inc. | $1.4M | — (loss-making) | — (loss-making) | −62.37% (below 0%: shrinking) | n/m | +104.95% (above 0%: growing) | (33.07%) | (163.98%) | Compare |
| ELPW Elong Power Holding Limited | $1.2M | — | — | — | n/m | +54.73% (above 0%: growing) | — | — | Compare |
| LNKS Linkers Industries Limited | $1.1M | — | — | — | — | −360.36% (below 0%: shrinking) | — | — | Compare |
| RAYA Erayak Power Solution Group Inc. | $1.1M | — | — | — | — | −239.02% (below 0%: shrinking) | 28.99% | 0.00% | |
| Median of peers | $3.0M | — | — | −62.37% | — | +37.56% | (33.07%) | (163.98%) |