Company Analysis

Huadi International Group Co., Ltd. (HUDI)

Nasdaq: HUDI · Steel Pipe & Tubes · Wenzhou, CN · filing with the SEC since 2019
Grade3.5
◀ Past 2.9● Present 3.7▶ Future 3.7
1 est.

The grade of Huadi International Group Co., Ltd.

Nine metrics read from its own filings, by tense
Headline grade
3.5/10
◀ Past2.930% of the headline
● Present3.740% of the headline
▶ Future3.730% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

2.9/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
3.1/10

Has it survived what it has been through?

3 warning events since 2019; the latest 2024-01-31.

weight 33% of this tense · 31st percentile among 31 sector filers · read for itself

From the record

Huadi International Group Co., Ltd.'s filings since 2019 show 3 warning events: a late-report notice (Form NT 10-K or NT 10-Q, 3 times, the latest 2024-01-31) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
3.0/10

What has it actually done, year after year?

-6.3% a year over 4 filed years; profitable in 3 of 4.

weight 45% of this tense · 30th percentile among 29 sector filers · read for its customers

From the record

Huadi International Group Co., Ltd.'s 4 filed years say what it did: revenue went from $76 million in fiscal 2022 to $63 million in fiscal 2025, down 6.3% a year; it rose in 1 of 3 years; the deepest fall was 25% from fiscal 2023 to fiscal 2025; net income was positive in 3 of 4 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-6.3%bottom 13% of its family
  • the share of years revenue rosebottom 12% of its family
  • the share of filed years with a profitbottom 43% of its family
  • the deepest fall from a revenue peak25.4%top 47% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
2.3/10

How has it treated the people who own it?

Share count grew 2.6% a year. 0% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 22% of this tense · 23rd percentile among 25 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-09-30, Huadi International Group Co., Ltd.'s diluted share count grew about 2.6% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 34% of its family
  • cash returned against operating cash flowbottom 11% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

3.7/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
4.5/10

Is it financially healthy right now?

ROE -2%: lost 2¢ per shareholder dollar. Leverage 31%: owes 31¢ per asset dollar.

weight 45% of this tense · 45th percentile among 30 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-09-30, Huadi International Group Co., Ltd. lost about 2 cents for every dollar of shareholders' money, and gross profitability: its products earned about 6 cents per dollar of everything the company owns. Leverage: it owed about 31 cents per dollar of assets, and net share issuance: its share count grew 0.1% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 15% of its family
  • return on equitybottom 33% of its family
  • gross profit against assetsbottom 7% of its family
  • the share count against the year beforetop 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
1.7/10

How strong is its position in its industry?

bottom 17% of 28 in its family; net margin -2.2%.

weight 33% of this tense · 17th percentile among 28 sector filers · read for its customers

From the record

Huadi International Group Co., Ltd.'s standing among 28 graded names in its industry family: revenue of $63 million in fiscal 2025 ranks in the bottom 13% by size; a net margin of -2.2% ranks in the bottom 24%; revenue growth of -6.3% a year over the last 3 filed years ranks in the bottom 13% (its annual reports).

What it rests on

  • revenue against the family$62.9Mbottom 13% of its family
  • net margin-2.2%bottom 24% of its family
  • three-year revenue growth-6.3%bottom 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.2/10

What are the people in charge doing?

SI estimate 5.2/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 24 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-04-10 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 7 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 24 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-04-10 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 7 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 24 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Huadi International Group Co., Ltd.'s leadership is put at 5.2 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-04-10 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 7 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 24 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

3.7/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
3.8/10

How much room does it have to grow?

bottom 38% of 27 in its family for room to expand.

weight 45% of this tense · 38th percentile among 27 sector filers · read for itself

From the record

Huadi International Group Co., Ltd.'s room to grow, from the newest filed statements (fiscal 2025): cash of $10 million against debt of $8 million leaves 1.4% of its assets as net cash, top 42% of its family; cash from operations less capital spending is -15.8% of revenue (bottom 6%); a gross margin of 10.8% (bottom 24%); research spending of 3.4% of revenue (top 37%) (its annual report).

What it rests on

  • cash less debt against assets1.4%top 42% of its family
  • cash from operations less capital spending against revenue-15.8%bottom 6% of its family
  • gross margin10.8%bottom 24% of its family
  • research spending against revenue3.4%top 37% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.2/10

What could actually drive growth from here?

top 48% of 29 in its family for growth drivers.

weight 33% of this tense · 52nd percentile among 29 sector filers · read for its customers

From the record

Huadi International Group Co., Ltd.'s growth drivers, from the filed years to fiscal 2025: revenue grew -6.3% a year over the last three filed years against -6.3% over all 4, speeding up (top 36% of its family); the newest year grew -15.3% (bottom 9%); research spending grew -2.4% a year (bottom 41%); capital spending grew 91.9% a year (top 5%) (its annual reports). Huadi International Group Co., Ltd. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+0.0 points a yeartop 36% of its family
  • the newest year's revenue growth-15.3%bottom 9% of its family
  • three-year growth of research spending-2.4%bottom 41% of its family
  • three-year growth of capital spending91.9%top 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
1.3/10

Did its newest year beat what its own record pointed to?

bottom 13% of 26 in its family for expectations against reality.

weight 22% of this tense · 13th percentile among 26 sector filers · read for its shareholders

From the record

Huadi International Group Co., Ltd.'s newest year against its own record: revenue of $63 million in fiscal 2025 came in 14.1% below the $73 million its prior three years' pace pointed to (bottom 10% of its family); net income of $1 million against a prior three-year average of $2 million (bottom 9%); a net margin of -2.2% against 2.2% before (bottom 21%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-14.1%bottom 10% of its family
  • net income against the prior three years' average-179%bottom 9% of its family
  • net margin against its prior average-4.4 pointsbottom 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton HUDI · research, not advice