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Toppoint Holdings

TOPP
20
Trucking · Industrials
Price
$0.78
-0.00 (-0.42%)
Market Cap
$15.5M
Exchange
New York Stock Exchange American
Winston Score
20
Winston is worried
Weak fundamentals across most pillars.

Share count rising — dilution

+47.1% over 3y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 12.2M (2022) → 17.9M (2025)

Toppoint Holdings Inc. is a small trucking and logistics company based in China. It provides freight transportation services, moving goods for businesses that need cargo shipped across road networks. The company operates in the broader Chinese trucking industry, which is highly fragmented and competitive.

Toppoint earns revenue by charging fees for hauling freight, a model that depends heavily on keeping trucks loaded and fuel costs manageable. The company is very small, with a market cap near zero, and its financials show serious strain — a gross margin of just 1.1% and a deeply negative operating margin suggest it spends far more than it earns. The main risk facing Toppoint is financial survival, as its return on invested capital of negative 80% signals that the business is currently destroying value rather than creating it, making its path to profitability the central challenge investors would need to evaluate.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+7.7% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

-6.4% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

42.9%ownership

Insiders own a meaningful stake in the company

Cash Runway

~15 months

$4M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Adequate runway but may need to raise capital within 2 years

Growth context

Toppoint Holdings is growing revenue at 8% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin
4.4%
Thin — 4.4% gross margin
Operating Margin
-17.4%
Losing money on operations — -17.4%
ROCE
-7.9%
Weak — -7.9% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
+4.5%
Slow sales growth (4.5% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
0/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-12.9%
Burning cash (-12.9%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
0.13
Conservative — low debt load (0.13)
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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