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Side-by-side financial comparison of Greenland Technologies Holding Corp. (GTEC) and HEALTHY CHOICE WELLNESS CORP. (HCWC). Click either name above to swap in a different company.

Greenland Technologies Holding Corp. is the larger business by last-quarter revenue ($23.9M vs $18.7M, roughly 1.3× HEALTHY CHOICE WELLNESS CORP.). Greenland Technologies Holding Corp. runs the higher net margin — -6.6% vs -8.9%, a 2.3% gap on every dollar of revenue.

Greenland Technologies Holding Corp is a specialized developer and manufacturer of electric industrial vehicles, lithium-ion drivetrain systems and industrial clean energy solutions. Its core products include electric forklifts and electric construction equipment components, serving logistics, construction and industrial customers across North America and Asia Pacific.

GTEC vs HCWC — Head-to-Head

Bigger by revenue
GTEC
GTEC
1.3× larger
GTEC
$23.9M
$18.7M
HCWC
Higher net margin
GTEC
GTEC
2.3% more per $
GTEC
-6.6%
-8.9%
HCWC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GTEC
GTEC
HCWC
HCWC
Revenue
$23.9M
$18.7M
Net Profit
$-1.6M
$-1.7M
Gross Margin
35.4%
39.1%
Operating Margin
-0.1%
-7.6%
Net Margin
-6.6%
-8.9%
Revenue YoY
23.4%
Net Profit YoY
-120.8%
EPS (diluted)
$-0.11
$-0.05

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
GTEC
GTEC
HCWC
HCWC
Q4 25
$23.9M
$18.7M
Q3 25
$23.4M
$19.0M
Q2 25
$21.7M
$20.2M
Q1 25
$21.7M
$20.3M
Q4 24
$19.4M
Q3 24
$18.8M
$18.2M
Q2 24
$23.0M
Q1 24
$22.7M
Net Profit
GTEC
GTEC
HCWC
HCWC
Q4 25
$-1.6M
$-1.7M
Q3 25
$5.7M
$-1.2M
Q2 25
$-3.2M
$-339.4K
Q1 25
$4.0M
$-712.4K
Q4 24
$7.6M
Q3 24
$-684.4K
$-2.7M
Q2 24
$4.7M
Q1 24
$2.5M
Gross Margin
GTEC
GTEC
HCWC
HCWC
Q4 25
35.4%
39.1%
Q3 25
32.4%
38.8%
Q2 25
26.5%
40.1%
Q1 25
30.7%
38.8%
Q4 24
26.6%
Q3 24
26.4%
38.4%
Q2 24
29.4%
Q1 24
24.9%
Operating Margin
GTEC
GTEC
HCWC
HCWC
Q4 25
-0.1%
-7.6%
Q3 25
21.6%
-3.2%
Q2 25
-10.7%
-0.2%
Q1 25
22.2%
-2.0%
Q4 24
19.4%
Q3 24
15.5%
-2.0%
Q2 24
17.3%
Q1 24
8.5%
Net Margin
GTEC
GTEC
HCWC
HCWC
Q4 25
-6.6%
-8.9%
Q3 25
24.5%
-6.4%
Q2 25
-14.8%
-1.7%
Q1 25
18.5%
-3.5%
Q4 24
39.2%
Q3 24
-3.6%
-14.6%
Q2 24
20.2%
Q1 24
11.0%
EPS (diluted)
GTEC
GTEC
HCWC
HCWC
Q4 25
$-0.11
$-0.05
Q3 25
$0.33
$-0.09
Q2 25
$-0.20
$-0.03
Q1 25
$0.29
$-0.07
Q4 24
$0.56
Q3 24
$-0.05
$-0.29
Q2 24
$0.34
Q1 24
$0.18

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GTEC
GTEC
HCWC
HCWC
Cash + ST InvestmentsLiquidity on hand
$32.2M
$3.0M
Total DebtLower is stronger
$7.3M
Stockholders' EquityBook value
$72.9M
$7.3M
Total Assets
$115.8M
$33.5M
Debt / EquityLower = less leverage
1.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GTEC
GTEC
HCWC
HCWC
Q4 25
$32.2M
$3.0M
Q3 25
$33.0M
$3.0M
Q2 25
$23.1M
$4.7M
Q1 25
$20.2M
$1.8M
Q4 24
$25.2M
Q3 24
$24.7M
$1.8M
Q2 24
$22.6M
Q1 24
$18.8M
Total Debt
GTEC
GTEC
HCWC
HCWC
Q4 25
$7.3M
Q3 25
$8.5M
Q2 25
$9.7M
Q1 25
$10.6M
Q4 24
Q3 24
$11.6M
Q2 24
Q1 24
Stockholders' Equity
GTEC
GTEC
HCWC
HCWC
Q4 25
$72.9M
$7.3M
Q3 25
$75.4M
$5.9M
Q2 25
$69.2M
$5.8M
Q1 25
$64.6M
$2.1M
Q4 24
$60.2M
Q3 24
$57.1M
$2.9M
Q2 24
$56.3M
Q1 24
$51.9M
Total Assets
GTEC
GTEC
HCWC
HCWC
Q4 25
$115.8M
$33.5M
Q3 25
$123.4M
$33.7M
Q2 25
$123.6M
$36.4M
Q1 25
$118.6M
$34.1M
Q4 24
$115.6M
Q3 24
$127.5M
$33.2M
Q2 24
$126.8M
Q1 24
$139.2M
Debt / Equity
GTEC
GTEC
HCWC
HCWC
Q4 25
1.00×
Q3 25
1.43×
Q2 25
1.69×
Q1 25
5.01×
Q4 24
Q3 24
3.95×
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GTEC
GTEC
HCWC
HCWC
Operating Cash FlowLast quarter
$7.8M
$-855.1K
Free Cash FlowOCF − Capex
$-927.1K
FCF MarginFCF / Revenue
-5.0%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$675.4K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GTEC
GTEC
HCWC
HCWC
Q4 25
$7.8M
$-855.1K
Q3 25
$8.3M
$-308.7K
Q2 25
$-1.7M
$1.1M
Q1 25
$1.2M
$1.1M
Q4 24
$4.4M
Q3 24
$6.1M
Q2 24
$11.3M
Q1 24
$-8.4M
Free Cash Flow
GTEC
GTEC
HCWC
HCWC
Q4 25
$-927.1K
Q3 25
$8.0M
$-351.3K
Q2 25
$988.6K
Q1 25
$1.2M
$965.3K
Q4 24
Q3 24
$5.8M
Q2 24
Q1 24
$-9.6M
FCF Margin
GTEC
GTEC
HCWC
HCWC
Q4 25
-5.0%
Q3 25
34.2%
-1.8%
Q2 25
4.9%
Q1 25
5.7%
4.8%
Q4 24
Q3 24
30.9%
Q2 24
Q1 24
-42.3%
Capex Intensity
GTEC
GTEC
HCWC
HCWC
Q4 25
0.4%
Q3 25
1.1%
0.2%
Q2 25
0.4%
Q1 25
0.1%
0.6%
Q4 24
Q3 24
1.2%
Q2 24
Q1 24
5.2%
Cash Conversion
GTEC
GTEC
HCWC
HCWC
Q4 25
Q3 25
1.44×
Q2 25
Q1 25
0.31×
Q4 24
0.57×
Q3 24
Q2 24
2.44×
Q1 24
-3.37×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GTEC
GTEC

Transmission Boxes For Forklift$23.1M97%
Other$758.3K3%

HCWC
HCWC

Retail Grocery$17.1M91%
Food Service Restaurant$1.7M9%

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