For fiscal 2026 (ended Mar 31, 2026), Highway Holdings Limited reported $4.80M of revenue and -$1.52M of net income.
HIHO revenue was $4.80M for fiscal 2026 (ended Mar 31, 2026), down 35.2% from fiscal 2025. Compound annual growth was -12.1% over 5 years and -14.5% over 10 years. It rose in 2 of the last 10 fiscal years.
HIHO net income was -$1.52M for fiscal 2026 (ended Mar 31, 2026), compared with $106.0K in fiscal 2025.
HIHO diluted EPS was -$0.33 for fiscal 2026 (ended Mar 31, 2026), compared with $0.02 in fiscal 2025.
HIHO free cash flow was -$1.51M for fiscal 2026 (ended Mar 31, 2026), compared with -$461.0K in fiscal 2025.
| Line item | Mar 31, 2026 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | Mar 31, 2019 | Mar 31, 2018 | Mar 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.80M | $7.41M | $6.32M | $10.24M | $12.37M | $9.17M | $12.56M | $14.28M | $19.17M | $19.60M |
| Cost of revenue | $3.44M | $4.94M | $4.61M | $7.10M | $8.60M | $6.46M | $8.40M | $10.70M | $12.42M | $14.03M |
| Gross profit | $1.37M | $2.47M | $1.71M | $3.14M | $3.77M | $2.71M | $4.15M | $3.58M | $6.74M | $5.57M |
| Selling, general and admin | $3.55M | $3.00M | $2.48M | $3.62M | $3.20M | $3.32M | $3.41M | $4.33M | $4.80M | $4.81M |
| Operating income | -$2.31M | -$535.0K | -$1.63M | -$477.0K | $567.0K | -$616.0K | $747.0K | -$755.0K | $1.94M | $761.0K |
| Pre-tax income | -$2.03M | $147.0K | -$1.14M | -$313.0K | $568.0K | -$600.0K | $896.0K | -$694.0K | $2.07M | $761.0K |
| Income tax | -$486.0K | $38.0K | -$161.0K | -$20.0K | $101.0K | -$146.0K | $209.0K | -$26.0K | $512.0K | $236.0K |
| Net income | -$1.52M | $106.0K | -$959.0K | -$294.0K | $443.0K | -$461.0K | $686.0K | -$630.0K | $1.55M | $527.0K |
| EPS, basic | -$0.33 | $0.02 | -$0.22 | -$0.07 | $0.11 | -$0.12 | $0.18 | -$0.17 | $0.41 | $0.14 |
| EPS, diluted | -$0.33 | $0.02 | -$0.22 | -$0.07 | $0.11 | -$0.12 | $0.18 | -$0.17 | $0.41 | $0.14 |
| Diluted shares | 4.6M | 4.4M | 4.4M | 4.1M | 4.2M | 4.0M | 3.9M | 3.8M | 3.8M | 3.8M |
| Line item | Mar 31, 2026 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | Mar 31, 2019 | Mar 31, 2018 | Mar 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $4.41M | $5.97M | $6.60M | $6.95M | $6.01M | $7.76M | $8.83M | $8.83M | $11.27M | $10.03M |
| Short-term investments | - | - | - | - | - | - | $1.07M | $1.95M | $1.92M | $1.93M |
| Receivables | $1.02M | $1.02M | $1.25M | $1.89M | $2.26M | $973.0K | $2.01M | $2.26M | $2.22M | $3.40M |
| Inventory | $1.45M | $1.15M | $1.57M | $1.41M | $2.35M | $2.24M | $2.00M | $1.54M | $2.93M | $2.27M |
| Current assets | $7.14M | $8.57M | $9.65M | $10.66M | $12.32M | $11.48M | $13.22M | $13.35M | $17.17M | $16.41M |
| Goodwill | $260.0K | - | - | - | - | - | - | - | $77.0K | $77.0K |
| Total assets | $11.00M | $9.55M | $11.32M | $13.88M | $14.86M | $15.49M | $18.17M | $15.25M | $18.13M | $17.55M |
| Current liabilities | $3.19M | $3.08M | $3.84M | $4.06M | $5.18M | $3.96M | $4.99M | $5.08M | $6.31M | $6.21M |
| Short-term debt | $162.0K | - | - | - | - | - | - | - | - | - |
| Long-term debt | $407.0K | - | - | - | - | - | - | - | - | - |
| Total debt | $569.0K | - | - | - | - | - | - | - | - | - |
| Total liabilities | $5.56M | $3.29M | $4.68M | $5.67M | $5.59M | $5.71M | $7.25M | $5.11M | $6.34M | $6.24M |
| Shareholders' equity | $4.89M | $6.27M | $6.64M | $8.22M | $9.27M | $9.77M | $10.92M | $10.14M | $11.79M | $11.31M |
| Line item | Mar 31, 2026 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | Mar 31, 2019 | Mar 31, 2018 | Mar 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$1.41M | -$360.0K | $415.0K | $809.0K | -$164.0K | -$104.0K | $442.0K | -$437.0K | $2.39M | $2.22M |
| Capital expenditures | $103.0K | $101.0K | $118.0K | $92.0K | $134.0K | $88.0K | $91.0K | $695.0K | $271.0K | $197.0K |
| Free cash flow | -$1.51M | -$461.0K | $297.0K | $717.0K | -$298.0K | -$192.0K | $351.0K | -$1.13M | $2.12M | $2.03M |
| Investing cash flow | -$109.0K | $232.0K | -$102.0K | $991.0K | -$1.20M | -$78.0K | -$64.0K | -$736.0K | -$142.0K | -$197.0K |
| Financing cash flow | -$25.0K | -$492.0K | -$557.0K | -$920.0K | -$549.0K | -$902.0K | -$297.0K | -$1.24M | -$1.03M | -$1.14M |
| Dividends paid | - | $492.0K | $616.0K | $1.02M | $569.0K | $981.0K | $297.0K | $1.24M | $1.03M | $1.13M |
| Depreciation and amortization | - | - | - | - | - | - | - | - | $319.0K | $266.0K |
| Line item | Mar 31, 2026 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | Mar 31, 2019 | Mar 31, 2018 | Mar 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -35.2% | 17.3% | -38.3% | -17.2% | 34.9% | -27.0% | -12.0% | -25.5% | -2.2% | -14.5% |
| Net income growth, YoY | - | - | - | - | - | - | - | - | 194.1% | -57.9% |
| EPS growth, YoY | - | - | - | - | - | - | - | - | 192.9% | -57.6% |
| Gross margin | 28.4% | 33.3% | 27.0% | 30.7% | 30.5% | 29.5% | 33.1% | 25.1% | 35.2% | 28.4% |
| Operating margin | -48.0% | -7.2% | -25.8% | -4.7% | 4.6% | -6.7% | 5.9% | -5.3% | 10.1% | 3.9% |
| Net margin | -31.7% | 1.4% | -15.2% | -2.9% | 3.6% | -5.0% | 5.5% | -4.4% | 8.1% | 2.7% |
| Free cash flow margin | -31.5% | -6.2% | 4.7% | 7.0% | -2.4% | -2.1% | 2.8% | -7.9% | 11.0% | 10.3% |
| Return on equity | -31.2% | 1.7% | -14.4% | -3.6% | 4.8% | -4.7% | 6.3% | -6.2% | 13.1% | 4.7% |
| Return on assets | -13.9% | 1.1% | -8.5% | -2.1% | 3.0% | -3.0% | 3.8% | -4.1% | 8.5% | 3.0% |
| Current ratio | 2.23 | 2.79 | 2.51 | 2.62 | 2.38 | 2.90 | 2.65 | 2.63 | 2.72 | 2.64 |
| Debt to equity | 0.12 | - | - | - | - | - | - | - | - | - |
Source: XBRL data Highway Holdings Limited files with the SEC, latest filing dated Jul 14, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| HIHO | $4.80M | -35.2% | -$1.52M | -31.7% | $3.8M |
| PH | $22.41B | +11.9% | $3.72B | 16.6% | $115.74B |
| HWM | $9.73B | +22.0% | $2.05B | 21.1% | $81.84B |
| RS | $17.37B | +24.7% | $1.11B | 6.4% | $21.24B |
| RBC | $2.02B | +17.4% | $354.40M | 17.5% | $15.02B |
| CR | $2.76B | +21.5% | $342.00M | 12.4% | $11.63B |
| WTS | $2.79B | +18.7% | $447.00M | 16.0% | $11.56B |
| MLI | $5.00B | +20.8% | $863.59M | 17.3% | $11.54B |
| GNRC | $4.62B | +6.1% | $301.26M | 6.5% | $10.43B |