Tearsheet

Hydrofarm (HYFM)


Market Price (4/15/2026): $0.9299 | Market Cap: $4.3 Mil
Sector: Industrials | Industry: Agricultural & Farm Machinery

Hydrofarm (HYFM)


Market Price (4/15/2026): $0.9299
Market Cap: $4.3 Mil
Sector: Industrials
Industry: Agricultural & Farm Machinery

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -33%

Megatrend and thematic drivers
Megatrends include Future of Food & Agriculture, and Sustainable Resource Management. Themes include Controlled Environment Agriculture (CEA), Urban & Vertical Farming, Show more.

Weak multi-year price returns
2Y Excs Rtn is -125%, 3Y Excs Rtn is -163%

Penny stock
Mkt Price is 0.9

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -45 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -33%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 3543%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -29%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -27%, Rev Chg QQuarterly Revenue Change % is -33%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -10%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -11%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6681%

High stock price volatility
Vol 12M is 107%

Key risks
HYFM key risks include [1] significant financial distress, Show more.

0 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -33%
1 Megatrend and thematic drivers
Megatrends include Future of Food & Agriculture, and Sustainable Resource Management. Themes include Controlled Environment Agriculture (CEA), Urban & Vertical Farming, Show more.
2 Weak multi-year price returns
2Y Excs Rtn is -125%, 3Y Excs Rtn is -163%
3 Penny stock
Mkt Price is 0.9
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -45 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -33%
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 3543%
6 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -29%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -27%, Rev Chg QQuarterly Revenue Change % is -33%
7 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -10%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -11%
8 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6681%
9 High stock price volatility
Vol 12M is 107%
10 Key risks
HYFM key risks include [1] significant financial distress, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Hydrofarm (HYFM) stock has lost about 40% since 12/31/2025 because of the following key factors:

1. Hydrofarm reported a substantial net loss and impairment charge in Q4 2025. The company announced a net loss of $242.2 million for the fourth quarter ended December 31, 2025, a significant increase from a $17.5 million net loss in the prior year period. This was primarily driven by a non-cash impairment charge of $232.2 million, largely attributable to intangible assets.

2. The company experienced a considerable decline in net sales. Net sales for Q4 2025 decreased by 32.7% to $25.1 million, down from $37.3 million in the comparable prior year period. This reduction was primarily due to a 27.3% decline in the volume and mix of products sold, attributed to industry oversupply, along with a 5.6% decrease in price. For the full year 2025, sales were $134.25 million, compared to $190.29 million in 2024.

Show more

Stock Movement Drivers

Fundamental Drivers

The -38.4% change in HYFM stock from 12/31/2025 to 4/14/2026 was primarily driven by a -32.8% change in the company's P/S Multiple.
(LTM values as of)123120254142026Change
Stock Price ($)1.510.93-38.4%
Change Contribution By: 
Total Revenues ($ Mil)146134-8.3%
P/S Multiple0.00.0-32.8%
Shares Outstanding (Mil)55-0.1%
Cumulative Contribution-38.4%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/14/2026
ReturnCorrelation
HYFM-38.4% 
Market (SPY)-5.4%28.7%
Sector (XLI)11.8%27.2%

Fundamental Drivers

The -71.7% change in HYFM stock from 9/30/2025 to 4/14/2026 was primarily driven by a -65.9% change in the company's P/S Multiple.
(LTM values as of)93020254142026Change
Stock Price ($)3.290.93-71.7%
Change Contribution By: 
Total Revenues ($ Mil)161134-16.7%
P/S Multiple0.10.0-65.9%
Shares Outstanding (Mil)55-0.5%
Cumulative Contribution-71.7%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/14/2026
ReturnCorrelation
HYFM-71.7% 
Market (SPY)-2.9%12.6%
Sector (XLI)12.8%12.0%

Fundamental Drivers

The -50.8% change in HYFM stock from 3/31/2025 to 4/14/2026 was primarily driven by a -29.4% change in the company's Total Revenues ($ Mil).
(LTM values as of)33120254142026Change
Stock Price ($)1.890.93-50.8%
Change Contribution By: 
Total Revenues ($ Mil)190134-29.4%
P/S Multiple0.00.0-29.4%
Shares Outstanding (Mil)55-1.2%
Cumulative Contribution-50.8%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/14/2026
ReturnCorrelation
HYFM-50.8% 
Market (SPY)16.3%9.8%
Sector (XLI)33.7%14.7%

Fundamental Drivers

The -94.6% change in HYFM stock from 3/31/2023 to 4/14/2026 was primarily driven by a -85.7% change in the company's P/S Multiple.
(LTM values as of)33120234142026Change
Stock Price ($)17.300.93-94.6%
Change Contribution By: 
Total Revenues ($ Mil)345134-61.0%
P/S Multiple0.20.0-85.7%
Shares Outstanding (Mil)55-3.2%
Cumulative Contribution-94.6%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2023 to 4/14/2026
ReturnCorrelation
HYFM-94.6% 
Market (SPY)63.3%5.2%
Sector (XLI)78.7%1.9%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
HYFM Return-46%-95%-41%-37%-74%-48%-100%
Peers Return21%10%8%-8%-14%20%37%
S&P 500 Return27%-19%24%23%16%-0%81%

Monthly Win Rates [3]
HYFM Win Rate33%25%42%33%50%0% 
Peers Win Rate55%53%40%42%43%75% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
HYFM Max Drawdown-52%-95%-53%-53%-91%-48% 
Peers Max Drawdown-7%-27%-16%-20%-27%-2% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: DE, AGCO, WNC, GENC, CNH.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/14/2026 (YTD)

How Low Can It Go

Unique KeyEventHYFMS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-99.2%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven12667.1%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days

Compare to DE, AGCO, WNC, GENC, CNH

In The Past

Hydrofarm's stock fell -99.2% during the 2022 Inflation Shock from a high on 2/16/2021. A -99.2% loss requires a 12667.1% gain to breakeven.

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About Hydrofarm (HYFM)

Hydrofarm Holdings Group, Inc., together with its subsidiaries, engages in the manufacture and distribution of controlled environment agriculture (CEA) equipment and supplies in the United States and Canada. The company offers agricultural lighting devices, indoor climate control equipment, hydroponics and nutrients, and plant additives used to grow, farm, and cultivate cannabis, flowers, fruits, plants, vegetables, grains, and herbs in controlled environment; and distributes CEA equipment and supplies, which include grow light systems; heating, ventilation, and air conditioning systems; humidity and carbon dioxide monitors and controllers; water pumps, heaters, chillers, and filters; nutrient and fertilizer delivery systems; and various growing media made from soil, rock wool or coconut fiber. It also provides hydroponics systems, such as hydro systems, hydro trays and components, meters and solutions, pumps and irrigation systems, water filtration systems, pots and containers, and tents and tarps; atmospheric control equipment comprising controllers, monitors and timers, ventilation/air conditioning equipment, air purification equipment, and CO2 equipment; and nutrients and additives. The company offers its products under the Phantom, PhotoBio, Active Aqua, Active Air, HEAVY 16, House & Garden, Mad Farmer, Roots Organics, Soul, Procision, Grotek, Gaia Green, Innovative Growers Equipment, Quantum, Xtrasun, Digilux, Agrobrite, SunBlaster, Jump Start, Active Eye, Autopilot, Phat, oxyClone, and GROW!T brands. Hydrofarm Holdings Group, Inc. was founded in 1977 and is based in Shoemakersville, Pennsylvania.

AI Analysis | Feedback

Hydrofarm is like the **Home Depot or Lowe's for professional indoor farming and hydroponics.**

Think of it as a specialized **Scotts Miracle-Gro, but exclusively for high-tech controlled environment agriculture equipment and nutrients.**

It's essentially **Grainger or Fastenal for the indoor cannabis and hydroponics industry,** providing all the specialized tools and supplies.

AI Analysis | Feedback

  • Agricultural Lighting Devices: Equipment and systems, such as grow lights, designed to provide optimal artificial illumination for plant cultivation.
  • Indoor Climate Control Equipment: Devices including heating, ventilation, air conditioning (HVAC) systems, humidity and CO2 monitors, and controllers for regulating indoor growing environments.
  • Hydroponics Systems & Supplies: Complete systems and components for soilless plant cultivation, including hydro trays, pumps, irrigation, and water filtration.
  • Nutrients, Fertilizers & Plant Additives: Specialized solutions and supplements essential for plant health and growth in controlled environments.
  • Growing Media: Various substrates like soil, rock wool, or coconut fiber used as the material in which plants are cultivated.

AI Analysis | Feedback

Hydrofarm (HYFM) primarily sells its controlled environment agriculture (CEA) equipment and supplies to other companies rather than directly to individuals. As a manufacturer and distributor, its major customers are typically retailers and large-scale commercial growers that purchase products for resale or for their own cultivation operations.

While public companies do not typically disclose the names of all their major customers unless a single customer accounts for a significant portion of revenue, it is highly probable that a major retailer of hydroponic and indoor gardening supplies would be a key customer. Based on industry knowledge, a significant customer is:

  • GrowGeneration Corp. (GRWG)

GrowGeneration is one of the largest specialty retail and online hydroponic and organic gardening stores. Given Hydrofarm's extensive portfolio of leading brands in the CEA space (e.g., Phantom, Roots Organics, Heavy 16), GrowGeneration is a highly likely channel partner and direct customer for Hydrofarm's products, selling them to end-users.

AI Analysis | Feedback

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AI Analysis | Feedback

John Lindeman, Chief Executive Officer

Mr. Lindeman has served as Hydrofarm's Chief Executive Officer since January 2025. He previously held the roles of Executive Vice President from August 2022 to December 2024 and Chief Financial Officer from March 2020 to December 2024 at Hydrofarm. Prior to joining Hydrofarm, he served as CFO and Corporate Secretary at Calavo Growers, Inc. from 2015 to 2020. Mr. Lindeman also has extensive experience in the finance and investment banking industries, having held managing director positions at Sageworth Trust Company, Janney Montgomery Scott, and Stifel Nicolaus, and as a principal at Legg Mason. He began his career as a Manager at PricewaterhouseCoopers LLP.

Kevin O'Brien, Chief Financial Officer

Mr. O'Brien has served as Hydrofarm's Chief Financial Officer since January 2025. Before this role, he was the Company's Chief Accounting Officer since March 2022. Prior to joining Hydrofarm, Mr. O'Brien served as the Chief Accounting Officer of CPI Card Group Inc. from April 2018, and before that, as their Director of Corporate Accounting and SEC Reporting. He possesses over 20 years of accounting experience, including his time as a Senior Audit Manager at Deloitte & Touche LLP.

William Toler, Executive Chairman of the Board

Mr. Toler has served as the Executive Chairman of Hydrofarm's Board of Directors since January 1, 2025, having previously served as the Company's Chief Executive Officer from January 2019 until January 1, 2025, and briefly re-assuming the CEO role commencing December 1, 2025. Before his tenure at Hydrofarm, Mr. Toler was the Chief Executive Officer of Hostess Brands, Inc. from 2014 to 2018, where he successfully revitalized the brand and guided its transition from a private to a public company. He also served as Chief Executive Officer of AdvancePierre Foods and President of Pinnacle Foods. Mr. Toler has over 35 years of executive leadership experience in consumer packaged goods and supply chain management, including roles at Campbell Soup Company, Nabisco, and Procter & Gamble. He also served as a senior advisor at Oaktree Capital Management, an investment management firm, from 2013 to 2014.

Mark Parker, President

Mr. Parker has served as Hydrofarm's President since January 2025. Prior to this, he was the Company's Executive Vice President of Sales and Business Development since February 2022, and Senior Vice President of Business Development from May 2019. With over 30 years of experience in sales and marketing, Mr. Parker was also the founder and Chief Executive Officer of iQ Solutions. He previously held the position of Senior Vice President of Trade Marketing, U.S. Soup Division, for Campbell Soup Company.

Erica Ackerman, Chief Accounting Officer & Corporate Controller

Ms. Ackerman has served as Hydrofarm's Chief Accounting Officer since January 2025 and Corporate Controller since March 2023. Before becoming Corporate Controller, she was the Assistant Controller for the Company starting in March 2021. Prior to joining Hydrofarm, Ms. Ackerman spent over 14 years at McKesson Corporation, where her roles included Director of Global Corporate Reporting and Senior Manager of Technical Accounting.

AI Analysis | Feedback

The public company Hydrofarm (HYFM) faces several key risks to its business, primarily stemming from its strong ties to the controlled environment agriculture (CEA) and cannabis industries, its financial health, and competitive pressures.

  1. Dependence on the Cannabis Industry and Market Oversupply: Hydrofarm's business is deeply intertwined with the controlled environment agriculture (CEA) sector, which itself is significantly connected to the cannabis industry. A major risk is the prolonged oversupply of cannabis, which has severely reduced demand for new cultivation equipment and supplies, directly impacting Hydrofarm's sales volume and profitability. For instance, in Q3 2025, the company experienced a 32.2% volume/mix decline due to this oversupply, and net sales plummeted 33.3% year-over-year. This market condition is frequently cited as the "biggest risk" to the company. Additionally, the evolving legal and regulatory landscape surrounding cannabis, particularly in the U.S. and Canada, poses indirect risks as changes in federal enforcement policies could affect its customer base and market demand.
  2. Financial Health and High Debt Load: Hydrofarm is currently under significant internal financial pressure, characterized by declining profitability, widening losses, and a substantial debt burden. The company's Q3 2025 results showed a GAAP net loss that widened to $16.4 million, and the Adjusted Gross Profit Margin dropped to 18.8%, reflecting reduced manufacturing throughput due to lower sales. As of September 30, 2025, Hydrofarm had a term loan principal of $114.5 million outstanding, representing a significant debt load to service while operating at a loss. Its net debt of approximately $111.8 million is substantial relative to its market capitalization, and there has been a recent announcement of a default on a term loan interest payment. This elevated debt level severely limits operational flexibility and poses a significant solvency risk, making the company more fragile compared to peers with healthier balance sheets.
  3. Competitive Industry Pressures and Challenges in Executing Restructuring: Hydrofarm operates in a competitive industry and faces significant challenges from market pressures that could impact its market share and profitability. The controlled environment agriculture (CEA) market itself is nascent, with challenges such as a lack of proven business models and competition from traditional players. The company's recovery is highly dependent on its ability to successfully execute a difficult restructuring plan, a process that has included a CEO transition, adding a layer of short-term uncertainty to its strategic direction. Successfully adapting to rapidly changing consumer preferences and technological advancements also remains a key challenge requiring substantial investment.

AI Analysis | Feedback

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AI Analysis | Feedback

Hydrofarm Holdings Group, Inc. (HYFM) operates within several significant addressable markets related to controlled environment agriculture (CEA) equipment and supplies in the United States and Canada.

Addressable Markets for Hydrofarm's Products and Services:

  • Controlled Environment Agriculture (CEA) Market: The global Controlled Environment Agriculture Market was valued at USD 59.43 billion in 2024 and is projected to reach USD 133.92 billion by 2030, growing at a CAGR of 14.5%. North America dominated the global CEA market in 2024, holding a major share of around 35% in 2023. Another source estimates the global market at USD 87.19 billion in 2024, expanding to USD 271.01 billion by 2032 with a CAGR of 15.23% from 2025–2032. North America is expected to generate the highest demand in the global CEA market. The U.S. CEA market alone is projected to exceed USD 95 billion by 2032.
  • Hydroponics Market: The North America hydroponics market generated a revenue of USD 1,226.6 million in 2023 and is expected to reach approximately USD 2,708.9 million by 2030, growing at a compound annual growth rate of 12% from 2024 to 2030. Another report states the North America Hydroponics Market is expected to reach US$ 10.75 billion by 2033 from US$ 3.64 billion in 2024, with a CAGR of 12.79% from 2025 to 2033. Globally, the hydroponics market reached USD 16.54 billion in 2024 and is projected to reach USD 47.92 billion by 2032. North America dominated the global hydroponics market, holding the largest market share in 2025.
  • Horticulture Lighting Market: The North America horticulture lighting market accounted for the largest share of 36.7% in 2024 within the global market. The global horticulture lighting market was estimated at USD 6.26 billion in 2024 and is projected to reach USD 29.12 billion by 2033, growing at a CAGR of 18.9% from 2025 to 2033. The North American horticulture lighting market was valued at USD 2382.15 million in 2022 and is expected to reach USD 9388.04 million by 2030, at a CAGR of 18.70%.
  • Indoor Climate Control Equipment (as part of Indoor Farming/CEA): Climate control systems are a significant component of the broader indoor farming and CEA markets. The hardware segment, which includes climate control systems, accounted for the largest market share in the indoor farming market in 2025 and held a 67.6% revenue share in the global horticulture lighting market in 2024. The climate control system segment is expected to be the fastest-growing segment within indoor farming hardware. The North America Indoor Farming Market size is estimated at USD 8.70 billion in 2025 and is expected to reach USD 12.30 billion by 2030, at a CAGR of 10.90%. North America currently dominates the global indoor farming market, holding over 36.9% market share in 2024.
  • Cannabis Cultivation Equipment Market: The cannabis cultivation market in North America generated a revenue of USD 18,595.8 million in 2022 and is expected to reach a projected revenue of US$ 39,549.7 million by 2030, with a CAGR of 9.9% from 2023 to 2030. North America occupies the highest share (41%) of the global cannabis cultivation market. The global cannabis cultivation market was valued at USD 554.42 billion in 2024 and is projected to grow to USD 3,257.54 billion by 2035. The cultivation and agriculture segment of the North America cannabis technology market is expected to witness the fastest growth over the forecast period from 2024 to 2033. The overall North America cannabis technology market was estimated at USD 13.25 billion in 2023 and is projected to reach USD 162.65 billion by 2033, growing at a CAGR of 28.5% from 2024 to 2033.

AI Analysis | Feedback

Hydrofarm (HYFM) anticipates several key drivers for future revenue growth over the next 2-3 years, primarily focusing on strategic internal initiatives and potential external market shifts.

  1. Growth in Proprietary Brands and Product Innovation: Hydrofarm is strategically prioritizing its proprietary brands, which command higher gross profit margins. The proprietary branded sales mix reached approximately 57% in the third quarter of 2025, marking its best mix for the year. This focus is supported by continuous product innovation, as evidenced by the strong performance of products like the SunBlaster brand's Nano and Halo plant lights. The company aims to further increase its proprietary brand sales mix, which grew from 35% in 2020 to 56% in 2024.
  2. Expansion into New Markets and Sales Channels: The company is actively exploring and adapting its product portfolio to appeal to new markets beyond its traditional base. This includes modifying products for floral sales, garden centers, and e-commerce. Furthermore, Hydrofarm has seen positive performance in international sales, with improvements in select European and Asian countries, contributing to revenue diversification and opening new avenues for growth.
  3. Enhanced Operational Efficiency and Profitability through Restructuring: While primarily focused on improving profitability, Hydrofarm's ongoing restructuring efforts are foundational for future revenue growth. These initiatives involve optimizing the product portfolio, rationalizing underperforming distributed brands, and right-sizing its manufacturing and distribution footprint. These efforts are expected to generate significant annual cost savings, with the latest plan targeting nearly $5 million in estimated annual savings. Improved financial health and gross margins can enable more competitive pricing, increased marketing investments, and a stronger overall business position to pursue top-line growth.
  4. Potential Favorable Regulatory Changes in the Cannabis Industry: As a significant supplier to the controlled environment agriculture (CEA) sector, particularly for cannabis cultivation, Hydrofarm's revenue could be positively impacted by favorable regulatory shifts. Commentary from Q2 2025 earnings mentioned the potential reclassification of cannabis, which could free up capital and cash flow for end-users in the industry, thereby increasing demand for Hydrofarm's equipment and supplies.

AI Analysis | Feedback

Here is a summary of Hydrofarm's capital allocation decisions over the last 3-5 years:

Share Repurchases

Hydrofarm repurchased shares for withholding tax on stock awards, with 212,665 shares noted in 2024. No significant, broader share repurchase programs or authorizations were explicitly detailed in the provided information for the last 3-5 years.

Share Issuance

Hydrofarm enacted a 1-for-10 reverse stock split, effective February 12, 2025, to regain compliance with Nasdaq's minimum bid price requirement. This action reduced the number of outstanding shares from approximately 46.1 million to about 4.6 million.

Outbound Investments

Information regarding specific strategic outbound investments in other companies by Hydrofarm over the last 3-5 years was not explicitly detailed in the provided search results.

Capital Expenditures

  • Hydrofarm anticipates capital expenditures to remain below $2 million for the full fiscal year 2025, reflecting a focus on operational efficiency.
  • For the full year 2024, the company invested $2.9 million in capital expenditures.
  • In the full fiscal year 2023, Hydrofarm's capital expenditures amounted to $4.2 million.

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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

HYFMDEAGCOWNCGENCCNHMedian
NameHydrofarmDeere AGCO Wabash N.Gencor I.CNH Indu. 
Mkt Price0.93596.04122.589.3215.2011.4913.34
Mkt Cap0.0161.19.00.40.214.34.7
Rev LTM13445,74610,0821,54310818,0955,812
Op Inc LTM-458,225699321122,805510
FCF LTM-153,576740-13-31,340368
FCF 3Y Avg-54,0875418510611313
CFO LTM-147,70198812-12,538500
CFO 3Y Avg-28,545927150121,804538

Growth & Margins

HYFMDEAGCOWNCGENCCNHMedian
NameHydrofarmDeere AGCO Wabash N.Gencor I.CNH Indu. 
Rev Chg LTM-29.4%-2.5%-13.5%-20.8%-9.2%-8.8%-11.4%
Rev Chg 3Y Avg-26.6%-4.7%-6.2%-14.2%-0.1%-7.9%-7.1%
Rev Chg Q-32.7%13.1%1.1%-22.9%-25.0%5.8%-10.9%
QoQ Delta Rev Chg LTM-8.3%2.4%0.3%-5.8%-6.8%1.6%-2.7%
Op Mgn LTM-33.3%18.0%6.9%20.8%11.6%15.5%13.6%
Op Mgn 3Y Avg-25.5%21.4%8.9%5.0%12.7%18.3%10.8%
QoQ Delta Op Mgn LTM2.5%-0.9%0.4%-1.8%-0.5%-1.3%-0.7%
CFO/Rev LTM-10.5%16.8%9.8%0.8%-0.6%14.0%5.3%
CFO/Rev 3Y Avg-2.5%17.0%7.8%6.5%10.8%9.2%8.5%
FCF/Rev LTM-11.2%7.8%7.3%-0.8%-3.0%7.4%3.2%
FCF/Rev 3Y Avg-3.9%8.1%4.6%3.4%9.0%3.4%4.0%

Valuation

HYFMDEAGCOWNCGENCCNHMedian
NameHydrofarmDeere AGCO Wabash N.Gencor I.CNH Indu. 
Mkt Cap0.0161.19.00.40.214.34.7
P/S0.03.50.90.22.10.80.8
P/EBIT-0.017.412.51.217.86.89.6
P/E-0.033.512.51.814.628.013.5
P/CFO-0.320.99.232.5-357.15.67.4
Total Yield-6,676.4%4.1%9.0%59.4%6.9%5.9%6.4%
Dividend Yield0.0%1.1%1.0%3.6%0.0%2.3%1.0%
FCF Yield 3Y Avg-98.8%3.5%6.8%7.1%4.0%5.1%4.5%
D/E36.90.40.31.20.01.90.8
Net D/E35.40.30.21.1-0.71.70.7

Returns

HYFMDEAGCOWNCGENCCNHMedian
NameHydrofarmDeere AGCO Wabash N.Gencor I.CNH Indu. 
1M Rtn-21.8%3.5%3.4%15.1%3.6%7.9%3.6%
3M Rtn-47.2%19.7%10.5%-11.1%11.3%10.0%10.2%
6M Rtn-69.8%33.9%15.0%6.3%7.1%12.0%9.6%
12M Rtn-65.6%29.1%44.3%3.5%33.9%0.7%16.3%
3Y Rtn-93.9%60.3%7.3%-55.2%1.7%-14.4%-6.3%
1M Excs Rtn-26.9%-1.5%-1.7%10.1%-1.4%2.8%-1.5%
3M Excs Rtn-49.6%22.0%10.7%-12.2%10.9%12.1%10.8%
6M Excs Rtn-78.0%28.1%12.4%3.2%3.3%7.4%5.4%
12M Excs Rtn-89.0%3.7%15.3%-37.0%0.3%-27.7%-13.7%
3Y Excs Rtn-163.2%-1.6%-56.2%-123.5%-64.9%-79.3%-72.1%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Manufacture and distribution of controlled environment agriculture (CEA) equipment and supplies190227345479342
Total190227345479342


Price Behavior

Price Behavior
Market Price$0.93 
Market Cap ($ Bil)0.0 
First Trading Date12/10/2020 
Distance from 52W High-80.0% 
   50 Days200 Days
DMA Price$1.20$2.50
DMA Trenddowndown
Distance from DMA-22.6%-62.7%
 3M1YR
Volatility96.0%104.4%
Downside Capture2.151.09
Upside Capture173.6325.13
Correlation (SPY)22.3%11.2%
HYFM Betas & Captures as of 3/31/2026

 1M2M3M6M1Y3Y
Beta0.641.472.411.080.572.21
Up Beta-2.821.742.642.990.903.01
Down Beta-2.29-1.74-0.99-0.25-0.470.13
Up Capture165%209%436%-26%44%10%
Bmk +ve Days7162765139424
Stock +ve Days7142040105319
Down Capture267%275%318%204%126%110%
Bmk -ve Days12233358110323
Stock -ve Days14243778134410

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with HYFM
HYFM-56.9%107.5%-0.30-
Sector ETF (XLI)42.1%15.4%2.0815.4%
Equity (SPY)24.2%12.9%1.4914.5%
Gold (GLD)53.4%27.6%1.559.0%
Commodities (DBC)26.8%16.2%1.47-2.8%
Real Estate (VNQ)18.7%13.8%1.0015.0%
Bitcoin (BTCUSD)-6.8%42.9%-0.0521.1%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with HYFM
HYFM-72.0%496.5%0.22-
Sector ETF (XLI)13.5%17.3%0.614.4%
Equity (SPY)11.1%17.0%0.507.5%
Gold (GLD)22.5%17.8%1.033.6%
Commodities (DBC)11.7%18.8%0.511.9%
Real Estate (VNQ)3.9%18.8%0.117.1%
Bitcoin (BTCUSD)5.8%56.5%0.321.9%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with HYFM
HYFM-46.9%482.3%0.22-
Sector ETF (XLI)14.2%19.9%0.634.5%
Equity (SPY)14.0%17.9%0.677.6%
Gold (GLD)14.3%15.9%0.753.8%
Commodities (DBC)8.8%17.6%0.421.8%
Real Estate (VNQ)5.4%20.7%0.237.0%
Bitcoin (BTCUSD)67.7%66.9%1.071.9%

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Short Interest

Short Interest: As Of Date3312026
Short Interest: Shares Quantity0.0 Mil
Short Interest: % Change Since 3152026-41.5%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest1
Basic Shares Quantity4.7 Mil
Short % of Basic Shares0.7%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
3/27/2026-4.4%-7.5% 
11/12/2025-16.1%-20.7%-3.0%
8/12/2025-2.9%0.7%-27.9%
3/5/2025-20.9%-25.3%-53.2%
11/7/2024-1.2%-9.8%13.8%
8/8/20241.5%3.9%14.4%
5/14/20241.8%-8.4%-15.5%
2/29/20245.0%0.7%25.6%
...
SUMMARY STATS   
# Positive979
# Negative8107
Median Positive5.1%3.9%13.8%
Median Negative-10.6%-10.2%-18.2%
Max Positive21.7%28.5%28.8%
Max Negative-20.9%-25.3%-53.2%

SEC Filings

Expand for More
Report DateFiling DateFiling
12/31/202503/27/202610-K
09/30/202511/12/202510-Q
06/30/202508/12/202510-Q
03/31/202505/13/202510-Q
12/31/202403/05/202510-K
09/30/202411/07/202410-Q
06/30/202408/08/202410-Q
03/31/202405/14/202410-Q
12/31/202302/29/202410-K
09/30/202311/09/202310-Q
06/30/202308/09/202310-Q
03/31/202305/10/202310-Q
12/31/202203/09/202310-K
09/30/202211/09/202210-Q
06/30/202208/09/202210-Q
03/31/202205/10/202210-Q

Insider Activity

Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Denis, Melisa DirectSell120820251.882,8755,407110,096Form
2Denis, Melisa DirectSell120820251.92120230112,172Form