Hudson Technologies Inc. (HDSN) intrinsic value & 10-year financials
Hudson Technologies Inc. (HDSN) has a Graham intrinsic value of $4.22 per share. At $5.01 on Oct 17, 2026, the stock trades 19% above that value. Over the last 10 fiscal years revenue grew 9.9% a year to $246.6M, with an average return on invested capital of 13.6%.
- Graham intrinsic value
- $4.22
- Share price (Oct 17, 2026)
- $5.01
- Price vs Graham value
- 19% above
- Market cap
- $226.0M
- Revenue (FY2025)
- $246.6M
- Revenue growth (10-yr CAGR)
- 9.9%
- ROIC (10-yr avg)
- 13.6%
- Free cash flow (FY2025)
- -$8.2M
HDSN 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $246.6M | $16.7M | $0.37 | -$8.2M | 7.5% | 7.0% |
| FY2024 | $237.1M | $24.4M | $0.52 | $86.5M | 12.4% | 11.1% |
| FY2023 | $289.0M | $52.2M | $1.10 | $55.0M | 27.0% | 26.7% |
| FY2022 | $325.2M | $103.8M | $2.20 | $59.2M | 40.4% | 64.1% |
| FY2021 | $192.7M | $32.3M | $0.69 | -$3.1M | 21.9% | 30.1% |
| FY2020 | $147.6M | -$5.2M | -$0.12 | $10.2M | 4.0% | 4.5% |
| FY2019 | $162.1M | -$25.9M | -$0.61 | $32.8M | -9.7% | -10.5% |
| FY2018 | $166.5M | -$55.7M | -$1.31 | $35.2M | -25.6% | -20.9% |
| FY2017 | $140.4M | $11.2M | $0.26 | $17.3M | 10.8% | 9.3% |
| FY2016 | $105.5M | $10.6M | $0.30 | $7.6M | 18.0% | 14.9% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
HUDSON TECHNOLOGIES INC /NY is a consistent compounder, expanding top-line revenue at 9.9% annually over the past decade.
HUDSON TECHNOLOGIES INC /NY returns on capital have been average, hovering around 13.6% ROIC over the decade.
HUDSON TECHNOLOGIES INC /NY has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, HUDSON TECHNOLOGIES INC /NY is modeled at 2.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $4.22 per share.