Hydrofarm Group (HYFM) Revenue & Revenue Breakdown


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Hydrofarm Group Revenue Highlights


Latest Revenue (Y)

$226.58M

Latest Revenue (Q)

$54.17M

Main Segment (Y)

Shipping and Handling

Main Geography (Y)

United States

Hydrofarm Group Revenue by Period


Hydrofarm Group Revenue by Year

DateRevenueChange
2023-12-31$226.58M-34.23%
2022-12-31$344.50M-28.14%
2021-12-31$479.42M40.10%
2020-12-31$342.20M45.55%
2019-12-31$235.11M11.00%
2018-12-31$211.81M-

Hydrofarm Group generated $226.58M in revenue during NA 2023, up -34.23% compared to the previous quarter, and up 106.97% compared to the same period a year ago.

Hydrofarm Group Revenue by Quarter

DateRevenueChange
2024-03-31$54.17M14.81%
2023-12-31$47.18M-12.89%
2023-09-30$54.17M-14.09%
2023-06-30$63.05M1.40%
2023-03-31$62.18M1.17%
2022-12-31$61.46M-17.12%
2022-09-30$74.16M-23.95%
2022-06-30$97.51M-12.45%
2022-03-31$111.38M0.88%
2021-12-31$110.41M-10.83%
2021-09-30$123.82M-7.46%
2021-06-30$133.80M20.12%
2021-03-31$111.39M27.39%
2020-12-31$87.44M-9.54%
2020-09-30$96.66M5.98%
2020-06-30$91.21M36.34%
2020-03-31$66.90M24.41%
2019-12-31$53.77M-11.07%
2019-09-30$60.47M-6.61%
2019-06-30$64.75M7.14%
2019-03-31$60.43M-

Hydrofarm Group generated $54.17M in revenue during Q1 2024, up 14.81% compared to the previous quarter, and up 88.14% compared to the same period a year ago.

Hydrofarm Group Revenue Breakdown


Hydrofarm Group Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21
Shipping and Handling$9.52M$13.18M$8.05M

Hydrofarm Group's latest annual revenue breakdown by segment (product or service), as of Dec 23: Shipping and Handling (100.00%).

Quarterly Revenue by Product

Product/ServiceMar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21
Shipping and Handling$2.94M$2.42M$1.81M$2.72M$2.57M$2.52M$3.10M$3.68M$3.88M$2.88M$2.24M$1.68M$1.25M

Hydrofarm Group's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Shipping and Handling (100.00%).

Hydrofarm Group Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21
United States$179.84M$280.46M$399.75M
Canada$49.67M$68.15M$87.28M

Hydrofarm Group's latest annual revenue breakdown by geography, as of Dec 23: United States (78.36%), and Canada (21.64%).

Quarterly Revenue by Country

CountryMar 24Sep 23Jun 23Mar 23Sep 22Jun 22Mar 22Sep 21Jun 21Mar 21
Canada Segment$14.43M$9.24M$14.56M$15.02M$13.61M$19.34M$21.50M---
UNITED STATES-------$104.62M$111.36M$90.67M
CANADA-------$21.27M$23.83M$22.26M

Hydrofarm Group's latest quarterly revenue breakdown by geography, as of Mar 24: Canada Segment (100.00%).

Hydrofarm Group Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
OSKOshkosh$8.28B$2.85B
TEXTerex$5.15B$1.21B
HYHyster-Yale Materials Handling$4.12B$1.06B
REVGREV Group$2.64B$579.40M
WNCWabash National$2.54B$464.04M
ASTEAstec Industries$1.34B$309.20M
LNNLindsay$1.02B$139.20M
SHYFShyft Group$872.20M$-390.67M
MNTXManitex$291.39M$76.23M
HYFMHydrofarm Group$226.58M$54.17M
ARTWArt's-Way Manufacturing$30.28M$5.88M
CEADCEA Industries$6.91M$234.51K

HYFM Revenue FAQ


Hydrofarm Group's yearly revenue for 2023 was $226.58M, representing a decrease of -34.23% compared to 2022. The company's yearly revenue for 2022 was $344.5M, representing a decrease of -28.14% compared to 2021. HYFM's yearly revenue for 2021 was $479.42M, representing an increase of 40.10% compared to 2020.

Hydrofarm Group's quarterly revenue for Q1 2024 was $54.17M, a 14.81% increase from the previous quarter (Q4 2023), and a -12.88% decrease year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $47.18M, a -12.89% decrease from the previous quarter (Q3 2023), and a -23.23% decrease year-over-year (Q4 2022). HYFM's quarterly revenue for Q3 2023 was $54.17M, a -14.09% decrease from the previous quarter (Q2 2023), and a -26.95% decrease year-over-year (Q3 2022).

Hydrofarm Group's revenue growth rate for the last 3 years (2021-2023) was -52.74%, and for the last 5 years (2019-2023) was -3.63%.

Hydrofarm Group's revenue streams in c 23 are Shipping and Handling

For the fiscal year ending Dec 23, the largest source of revenue of Hydrofarm Group was Shipping and Handling. This segment made a revenue of $9.52M, representing 100.00% of the company's total revenue.