HF Foods Group Inc.
- Open
- 1.51
- Day high
- 1.58
- Day low
- 1.45
- Prev close
- 1.41
- Volume
- 72K
- Mkt cap
- $78M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 0.4
- P/S
- 0.1
- Yield
- —
- Per share
- —
HF Foods Group Inc. (HFFG) is a Consumer Defensive company listed on NASDAQ. The stock is down 57% over the past year.
HF Foods Group Inc. (HFFG) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
HFFG earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 11, 2026 | $0.06 | $0.06 | +0.0% | $312M | +1.5% |
| Mar 16, 2026 | $0.08 | $0.05 | -37.5% | $310M | +0.5% |
| Mar 13, 2025 | $0.09 | $0.11 | +22.2% | $305M | +0.5% |
| May 8, 2024 | — | $0.05 | — | $296M | — |
| Mar 14, 2024 | — | $0.24 | — | $281M | — |
| Nov 9, 2023 | — | $0.09 | — | $281M | — |
| Mar 16, 2023 | — | $0.01 | — | $292M | — |
| Nov 10, 2021 | — | $0.15 | — | $216M | — |
| Mar 16, 2021 | — | $0.03 | — | $147M | — |
| May 18, 2020 | — | $-0.03 | — | $176M | — |
| Mar 16, 2020 | — | $0.04 | — | $163M | — |
| Nov 14, 2019 | — | $0.06 | — | $76M | — |
HFFG insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 24, 2026 | Brown Taylor S.director | Grant | 21,164 | — |
| Jun 5, 2026 | Chang Christineofficer: Chief Administrative Officer | Grant | 52,817 | — |
| Jun 5, 2026 | Lin Xiofficer: President and CEO | Grant | 69,718 | — |
| Apr 17, 2026 | Lin Xiofficer: President and CEO | Grant | 19,262 | — |
| Apr 17, 2026 | Chang Christineofficer: Chief Administrative Officer | Grant | 12,841 | — |
| Mar 19, 2026 | Lam Dennisdirector | Buy | 100 | $1.76 |
| Mar 19, 2026 | Lam Dennisdirector | Buy | 8,000 | $1.80 |
| Mar 18, 2026 | Chang Christineofficer: Chief Administrative Officer | Buy | 4,000 | $1.74 |
| Mar 18, 2026 | McGarry Paul Eofficer: CFO | Buy | 2,500 | $1.76 |
| Mar 18, 2026 | Lin Xiofficer: President and CEO | Buy | 8,367 | $1.80 |
| Nov 19, 2025 | Diaz Richarddirector | Grant | 12,384 | — |
| Nov 19, 2025 | Taylor Jeffery Ldirector | Grant | 12,384 | — |
| Nov 19, 2025 | Ross Mariadirector | Grant | 12,384 | — |
| Nov 19, 2025 | Lam Dennisdirector | Grant | 12,384 | — |
| Nov 18, 2025 | Lin Xiofficer: President and CEO | Buy | 699 | $2.28 |
Source: HFFG SEC Form 4 filings, latest Jun 24, 2026. For informational purposes only — not investment advice.
See the full HFFG insider & 13F page →HF Foods Group Inc. company profile
Overview
HF Foods Group Inc. (NASDAQ:HFFG) is a specialized food service distributor founded in 2017 through its public listing, though its operating subsidiaries have longer histories in the Asian food distribution market. Based in City of Industry, California, the company has established itself as a leading distributor of Asian specialty foods to restaurants across the Southeastern, Pacific, and Mountain West regions of the United States. The company has undergone significant operational transformation in recent years, implementing new enterprise resource planning systems, centralizing purchasing operations, and expanding its distribution network to better serve the growing Asian restaurant market in America.
Business
HF Foods operates in the specialized food service distribution industry, specifically focusing on serving Asian restaurants throughout the United States. Food service distribution is a critical link in the restaurant supply chain, where distributors purchase food products from manufacturers and producers, then warehouse and deliver these items to restaurant customers on a regular basis. The company's core business revolves around distributing a comprehensive range of products tailored to Asian cuisine restaurants. Their product portfolio includes Asian specialty food items such as sauces, seasonings, noodles, and other culturally specific ingredients that are essential for authentic Asian cooking. They also distribute meat and poultry products, fresh and frozen seafood, fresh produce, packaging materials, and general commodity items like rice, cooking oils, and other staples. Beyond traditional distribution, HF Foods provides additional services including design and printing services for restaurant marketing materials, logistics services to optimize delivery routes and timing, and food processing services to prepare certain products according to customer specifications. The company also maintains some real estate holdings as part of its asset base. The Asian specialty food distribution market serves a unique niche, as Asian restaurants require specific ingredients that are often not carried by general food service distributors. This creates a specialized market where distributors like HF Foods develop expertise in sourcing, handling, and distributing products from various Asian countries while maintaining the quality and authenticity that restaurant customers demand.
Revenue model
HF Foods generates revenue primarily through product sales to Asian restaurant customers, operating on a traditional wholesale distribution model. The company purchases food products in bulk from manufacturers and suppliers, then sells these items to restaurants at marked-up prices that cover their warehousing, logistics, and service costs while providing a profit margin. The company's customers are primarily Asian restaurants of various sizes, from small family-owned establishments to larger restaurant chains, located across their geographic footprint in the Southeastern, Pacific, and Mountain West regions. Revenue is generated through regular, repeat orders as restaurants need consistent supply of ingredients and materials for their daily operations. HF Foods' gross profit margins typically hover around 17-18%, which is characteristic of the food distribution industry where margins are relatively thin due to the commodity nature of many products and competitive pricing pressures. The company's profitability is influenced by several key factors that can either enhance or compress margins. Margin enhancement factors include the company's centralized purchasing program, which leverages volume buying to negotiate better prices with suppliers, particularly in seafood and meat categories. Their digital transformation initiatives, including new ERP systems and fleet telematics, help reduce operational costs and improve efficiency. The company's specialization in Asian foods also provides some pricing power, as these products are less commoditized than general food items. Margin pressure factors include commodity price volatility, particularly for staple items like rice, cooking oils, and proteins, which can squeeze margins when costs rise faster than the company can adjust selling prices. Transportation and fuel costs significantly impact profitability given the logistics-intensive nature of food distribution. Competition from other distributors and potential new entrants can pressure pricing. Additionally, tariff policies affecting imported Asian specialty foods can impact both costs and demand patterns, requiring the company to diversify its supplier base to maintain competitive pricing.
Competitive moat
HF Foods operates in a niche market with moderate competitive advantages, though its moat is not particularly deep or durable. The company's primary competitive advantage stems from its specialization in Asian specialty foods, which creates some barriers to entry as competitors need specific knowledge of Asian cuisine ingredients, established relationships with Asian food manufacturers, and understanding of the cultural preferences of Asian restaurant owners. The company has built established relationships with both suppliers and restaurant customers over time, creating switching costs as restaurants rely on consistent supply and service quality. Their geographic presence in key markets with concentrated Asian restaurant populations provides some local market advantages, and their investment in distribution infrastructure creates modest barriers for new entrants who would need significant capital to replicate their network. However, the company's moat faces several vulnerabilities. The food distribution industry is inherently low-margin and capital-intensive, making it difficult to generate sustainable competitive advantages. Larger, well-capitalized food distributors like US Foods or Sysco could potentially enter the Asian specialty market if they perceive sufficient opportunity. Additionally, direct relationships between restaurants and manufacturers could potentially bypass distributors, particularly for larger restaurant chains that have sufficient scale to negotiate directly. The company's competitive position is also challenged by the fragmented nature of their customer base, consisting mainly of smaller, independent restaurants that have limited bargaining power individually but collectively represent a price-sensitive market. Technology disruption in food service distribution, including direct-to-restaurant platforms and improved logistics solutions, could potentially erode traditional distributor advantages over time. Overall, while HF Foods benefits from market specialization and established relationships, its moat is relatively narrow and faces ongoing competitive pressures that require continuous operational improvement and strategic positioning to maintain market share.
Risks & safety
HF Foods presents a moderate margin of safety with mixed financial health indicators that require careful consideration. • Liquidity and Solvency: Current ratio of 1.19x provides minimal working capital cushion above current liabilities. Cash position of $16.1 million is relatively low for a company with $298 million quarterly revenue. Debt-to-equity ratio of 0.53x indicates moderate leverage levels that are manageable but not conservative. • Profitability Concerns: Recent net loss of $1.5 million in Q1 2025 despite positive EBITDA of $1.2 million indicates thin margins and operational challenges. The company has shown inconsistent profitability with significant losses in fiscal 2024 ($48 million net loss). • Valuation Metrics: Price-to-book ratio of 1.09x suggests modest valuation relative to book value. However, negative return on equity of -0.7% indicates poor capital efficiency. EV/EBITDA multiple appears elevated due to low EBITDA base. • Cash Flow: Positive operating cash flow of $6.9 million and free cash flow of $3.4 million in Q1 2025 provide some comfort, though these figures can be volatile in the distribution business. • Other Considerations: The company operates in a low-margin, capital-intensive industry with significant working capital requirements. Recent operational transformation initiatives may improve efficiency but require ongoing investment and execution risk.
Recent development
Over the past few years, HF Foods has undergone significant strategic transformation focused on operational efficiency and market expansion. The company has implemented a comprehensive digital transformation program, completing the rollout of new ERP systems across their entire distribution network by 2024, which has unified their operations and improved inventory management and customer service capabilities. A key strategic initiative has been the centralized purchasing program, which began with seafood categories and expanded to include chicken products through new vendor partnerships. The company plans to extend this program to commodities, grain, and cooking oil categories, leveraging their scale to negotiate better pricing and improve gross margins. This centralization strategy represents a shift from decentralized operations to a more coordinated approach that can drive cost savings. The company has also invested heavily in facility upgrades and expansion, including a major renovation of their Charlotte, North Carolina facility and plans for a new Atlanta facility that will double their market capacity in that region. These investments are expected to be completed by early 2025 and 2026 respectively, positioning the company for growth in key southeastern markets. Fleet and transportation optimization has been another focus area, with partnerships established with national third-party logistics providers and implementation of unified fleet telematics systems to reduce operational costs and improve delivery efficiency. The company is also executing a fleet replacement program to modernize approximately 50% of their aging vehicle fleet. HF Foods has maintained an active M&A strategy, positioning itself as a preferred acquirer for Asian food distributors and exploring opportunities for geographic expansion into new markets. This strategy aims to consolidate the fragmented Asian food distribution market while achieving operational synergies through their improved systems and processes.
HFFG company profile · for informational purposes only — not investment advice.
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