Company Analysis

Shengfeng Development Limited (SFWL)

Nasdaq: SFWL · Trucking & Courier Services (No Air) · Fuzhou City, CN · filing with the SEC since 2021
Grade5.8
◀ Past 6.0● Present 5.2▶ Future 6.5
2 est.

The grade of Shengfeng Development Limited

Nine metrics read from its own filings, by tense
Headline grade
5.8/10
◀ Past6.030% of the headline
● Present5.240% of the headline
▶ Future6.530% of the headline

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

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.0/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
6.3/10

Has it survived what it has been through?

No warning events in its filings since 2021.

weight 33% of this tense · 63rd percentile among 8 sector filers · read for itself

From the record

Shengfeng Development Limited's filings since 2021 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

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

Track record

as filed
7.9/10

What has it actually done, year after year?

+14.8% a year over 6 filed years; profitable in 6 of 6.

weight 45% of this tense · 79th percentile among 7 sector filers · read for its customers

From the record

Shengfeng Development Limited's 6 filed years say what it did: revenue went from $287 million in fiscal 2020 to $572 million in fiscal 2025, up 14.8% a year; it rose in 5 of 5 years; it never fell from a peak; net income was positive in 6 of 6 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span14.8%top 21% of its family
  • the share of years revenue rosetop 14% of its family
  • the share of filed years with a profittop 36% of its family
  • the deepest fall from a revenue peak0.0%top 14% of its family

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

Shareholder treatment

SI estimate
1.7/10

How has it treated the people who own it?

SI estimate 1.7/10, confidence 35 of 100 (one part).

weight 22% of this tense · 17th percentile among 7 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the cash returned against operating cash flow, which ranks in the bottom 17% of 7 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: cash returned against operating cash flow, the one part on file, ranked among 7 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Shengfeng Development Limited's shareholder treatment is put at 1.7 of 10 with a confidence of 35 of 100, because read from one part only, the cash returned against operating cash flow, which ranks in the bottom 17% of 7 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

5.2/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
4.0/10

Is it financially healthy right now?

ROE 9%: 9¢ of profit per shareholder dollar. Leverage 60%: owes 60¢ per asset dollar.

weight 33% of this tense · 40th percentile among 8 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Shengfeng Development Limited earned about 9 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 15 cents per dollar of everything the company owns. Leverage: it owed about 60 cents per dollar of assets (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 31% of its family
  • return on equitybottom 31% of its family
  • gross profit against assetstop 42% of its family

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

Industry position

as filed
6.1/10

How strong is its position in its industry?

top 39% of 8 in its family; net margin 2.1%.

weight 45% of this tense · 61st percentile among 8 sector filers · read for its customers

From the record

Shengfeng Development Limited's standing among 8 graded names in its industry family: revenue of $572 million in fiscal 2025 ranks in the top 42% by size; a net margin of 2.1% ranks in the bottom 31%; revenue growth of 15.6% a year over the last 3 filed years ranks in the top 7% (its annual reports).

What it rests on

  • revenue against the family$572Mtop 42% of its family
  • net margin2.1%bottom 31% of its family
  • three-year revenue growth15.6%top 7% of its family

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

Leadership

SI estimate
5.0/10

What are the people in charge doing?

SI estimate 5.0/10, confidence 15 of 100 (universe median).

weight 22% of this tense · 50th percentile among 3816 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 2026-03-11 (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 8 months and cannot see past it; a floor under five years is not read as years in charge, and its family carries too few readings to lean on, so the desk assumes the typical reading over all 3816 companies 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 2026-03-11 (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 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
universe median, 3816 readings behind it.
Confidence
15 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: Shengfeng Development Limited's leadership is put at 5.0 of 10 with a confidence of 15 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 2026-03-11 (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 8 months and cannot see past it; a floor under five years is not read as years in charge, and its family carries too few readings to lean on, so the desk assumes the typical reading over all 3816 companies 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?

6.5/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
3.9/10

How much room does it have to grow?

bottom 39% of 8 in its family for room to expand.

weight 22% of this tense · 39th percentile among 8 sector filers · read for itself

From the record

Shengfeng Development Limited's room to grow, from the newest filed statements (fiscal 2025): cash of $39 million against debt of $81 million leaves -12.3% of its assets as net cash, bottom 31% of its family; cash from operations less capital spending is -0.5% of revenue (bottom 44%); a gross margin of 9.3% (bottom 42%) (its annual report).

What it rests on

  • cash less debt against assets-12.3%bottom 31% of its family
  • cash from operations less capital spending against revenue-0.5%bottom 44% of its family
  • gross margin9.3%bottom 42% of its family

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

Growth drivers

as filed
7.9/10

What could actually drive growth from here?

top 21% of 7 in its family for growth drivers.

weight 45% of this tense · 79th percentile among 7 sector filers · read for its customers

From the record

Shengfeng Development Limited's growth drivers, from the filed years to fiscal 2025: revenue grew 15.6% a year over the last three filed years against 14.8% over all 6, speeding up (top 7% of its family); the newest year grew 13.6% (top 21%); capital spending grew 40% a year (top 36%) (its annual reports). Shengfeng Development Limited reported 3 product lines in fiscal 2025: Transportation Services at $555 million (97%), Warehouse Storage Management Service at $14 million (3%), Other at $3 million (1%); 2 of 3 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+0.8 points a yeartop 7% of its family
  • the newest year's revenue growth13.6%top 21% of its family
  • three-year growth of capital spending40.0%top 36% 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
6.4/10

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

top 36% of 6 in its family for expectations against reality.

weight 33% of this tense · 64th percentile among 6 sector filers · read for its shareholders

From the record

Shengfeng Development Limited's newest year against its own record: revenue of $572 million in fiscal 2025 came in 2.7% below the $588 million its prior three years' pace pointed to (bottom 42% of its family); net income of $12 million against a prior three-year average of $10 million (top 25%); a net margin of 2.1% against 2.3% before (top 25%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-2.7%bottom 42% of its family
  • net income against the prior three years' average+27%top 25% of its family
  • net margin against its prior average-0.1 pointstop 25% 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 SFWL · research, not advice