EHang Holdings (EH) Operating Margin (2018 - 2025)

EHang Holdings' Operating Margin history runs 8 years deep, the most recent figure standing at 2.72% for Q4 2025.

• In Q4 2025, Operating Margin rose 3099.0% year-over-year to 2.72%; the TTM figure through Dec 2025 stood at 51.56% (up 394.0% YoY), while the FY2025 annual figure was 75.77%, down 2007.0% from the prior year.
• Operating Margin was 2.72% for Q4 2025 at EHang Holdings, up from 99.19% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 2.72% in Q4 2025 to a low of 1219.71% in Q4 2021.
• Historically, Operating Margin has averaged 400.68% across 5 years, with a median of 314.64% in 2021.
• The sharpest annual moves came in 2021 and 2023: Operating Margin sank 112957 bps in 2021, then jumped 76149 bps in 2023.
• A 5-year view of Operating Margin shows it stood at 1219.71% in 2021, then soared by 52 bps to 587.73% in 2022, then jumped by 77 bps to 132.82% in 2023, then jumped by 75 bps to 33.71% in 2024, then soared by 92 bps to 2.72% in 2025.
• The last three Operating Margin figures came in at 2.72% (Q4 2025), 99.19% (Q3 2025), and 53.08% (Q2 2025), per Business Quant data.