HomesToLife Ltd
HTLM · Retail-Furniture Stores · EDGAR filings ↗
Grade
B74Profitable, growing leather-furniture maker/retailer with strong returns despite thin gross margins.
Strengths
- ROE 59% and ROA 11.9% (both 91st pct) with net income nearly doubling (84.8th pct)
- Revenue up 12.8% to ~$378M with positive free cash flow
Risks
- Low gross margin (27.9%, 32nd pct) and net margin only mid-pack (58th pct)
- Heavy reliance on export sales (~93%) and integration risk from the HTL Marketing acquisition
Notable findings
- Customer concentration~95% of revenue from one customer/distributor — For the year ended December 31, 2023, revenue from export sales contributed 95
Key metrics
Gross margin
27.9%
Operating margin
5.1%
Net margin
4.4%
Return on equity
59.5%
Return on assets
11.9%
Revenue growth (QoQ)
12.8%
Net-income growth
96.6%
Current ratio
1.2×
Free cash flow
$12M
Tangible book value
$28M
Cash & investments
$27M
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-03-23 | 2025-12-31 | 0001493152-26-012071 ↗ |
| 20-F | 2025-04-07 | 2024-12-31 | 0001641172-25-002928 ↗ |