Autohome (ATHM) Gross Margin (2012 - 2025)
Autohome (ATHM) recorded quarterly Gross Margin of 78.19% in Q4 2025, up 22.8% quarter-over-quarter from 63.67% in Q3 2025, and up 222.0% on a YoY basis from 24.28% in Q4 2024.
Autohome (ATHM) Gross Margin (2012 - 2025) Analysis & Trends
Autohome's Gross Margin history runs 14 years deep, the most recent figure standing at 78.19% for Q4 2025.
- In Q4 2025, Gross Margin rose 222.0% year-over-year to 78.19%; the TTM figure through Dec 2025 stood at 72.35% (down 657.0% YoY), while the FY2025 annual figure was 72.35%, down 174371.0% from the prior year.
- Gross Margin was 78.19% for Q4 2025 at Autohome, up from 63.67% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 86.8% in Q1 2021 to a low of 63.67% in Q3 2025.
- Historically, Gross Margin has averaged 79.96% across 5 years, with a median of 81.03% in 2023.
- The sharpest annual moves came in 2024 and 2025: Gross Margin surged 348 bps in 2024, then sank 1336 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 84.53% in 2021, then retreated by 5 bps to 80.42% in 2022, then gained by 0 bps to 80.75% in 2023, then slipped by 6 bps to 75.97% in 2024, then increased by 3 bps to 78.19% in 2025.
- The last three Gross Margin figures came in at 78.19% (Q4 2025), 63.67% (Q3 2025), and 71.37% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 2,430,078.11 Bn | 2,430,078.11 Bn | 295.20 Mn | 73.98% |
| 2 | Alphabet | 4,448.32 Bn | 4,232.70 Bn | 102.29 Bn | 93.08% |
| 3 | Meta Platforms | 1,465.06 Bn | 1,383.88 Bn | 46.09 Bn | 81.85% |
| 4 | Spotify Technology | 113.19 Bn | 102.95 Bn | 1.75 Bn | 32.98% |
| 5 | 33.56 Bn | 30.79 Bn | 511.94 Mn | 77.17% | |
| 6 | 12.93 Bn | 11.63 Bn | 768.96 Mn | 76.32% | |
| 7 | Kanzhun | 12.77 Bn | 10.67 Bn | 255.62 Bn | 85.23% |
| 8 | Match | 8.28 Bn | 7.26 Bn | 653.28 Mn | 75.62% |
| 9 | Snap | 7.91 Bn | 5.08 Bn | 1.29 Bn | 84.37% |
| 10 | Autohome | 1.20 Bn | 773.93 Mn | 163.46 Mn | 78.19% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 78.19% |
| Sep 30, 2025 | 63.67% |
| Jun 30, 2025 | 71.37% |
| Mar 31, 2025 | 78.30% |
| Dec 31, 2024 | 75.97% |
| Sep 30, 2024 | 77.03% |
| Jun 30, 2024 | 81.52% |
| Mar 31, 2024 | 81.30% |
| Dec 31, 2023 | 80.75% |
| Sep 30, 2023 | 80.40% |
| Jun 30, 2023 | 81.98% |
| Mar 31, 2023 | 77.82% |
| Dec 31, 2022 | 80.42% |
| Sep 30, 2022 | 82.06% |
| Jun 30, 2022 | 83.91% |
| Mar 31, 2022 | 82.67% |
| Dec 31, 2021 | 84.53% |
| Sep 30, 2021 | 84.06% |
| Jun 30, 2021 | 86.50% |
| Mar 31, 2021 | 86.80% |