Li Auto (LAAOF) Operating Margin (2020 - 2026)
Li Auto (LAAOF) recorded quarterly Operating Margin of 13.05% in Q1 2026, down 748.33% quarter-over-quarter from 1.54% in Q4 2025, and down 1410.0% on a YoY basis from 1.0% in Q1 2025.
Li Auto (LAAOF) Operating Margin (2020 - 2026) Analysis & Trends
Li Auto's Operating Margin history runs 7 years deep, the most recent figure standing at 13.05% for Q1 2026.
- In Q1 2026, Operating Margin fell 1410.0% year-over-year to 13.05%; the TTM figure through Mar 2026 stood at 3.53% (down 899.0% YoY), while the FY2025 annual figure was 0.46%, down 532.0% from the prior year.
- Operating Margin was 13.05% for Q1 2026 at Li Auto, down from 1.54% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 8.36% in Q4 2024 to a low of 22.8% in Q3 2022.
- Historically, Operating Margin has averaged 0.99% across 5 years, with a median of 1.05% in 2025.
- The sharpest annual moves came in 2022 and 2023: Operating Margin tumbled 2154 bps in 2022, then soared 2954 bps in 2023.
- A 5-year view of Operating Margin shows it stood at 0.76% in 2022, then soared by 1061 bps to 7.28% in 2023, then climbed by 15 bps to 8.36% in 2024, then plunged by 118 bps to 1.54% in 2025, then sank by 748 bps to 13.05% in 2026.
- The last three Operating Margin figures came in at 13.05% (Q1 2026), 1.54% (Q4 2025), and 4.3% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,264.49 Bn | 1,219.81 Bn | 4.72 Bn | 4.20% |
| 2 | Toyota Motor | 448.54 Bn | 321.13 Bn | 9.14 Bn | 5.03% |
| 3 | General Motors | 74.80 Bn | 52.42 Bn | 4.32 Bn | 7.44% |
| 4 | Ferrari | 71.95 Bn | 70.15 Bn | 1.09 Bn | 28.47% |
| 5 | Ford Motor | 59.47 Bn | 29.01 Bn | 7.94 Bn | 5.38% |
| 6 | Rivian Automotive | 20.42 Bn | 15.62 Bn | 119.00 Mn | -63.79% |
| 7 | China Yuchai International | 16.65 Bn | 15.59 Bn | 317.01 Mn | 3.98% |
| 8 | VinFast Auto | 7.51 Bn | 10.51 Bn | -15,731.99 Bn | -73.69% |
| 9 | Digital Currency X Technology | 5.68 Bn | 5.68 Bn | - | - |
| 10 | Li Auto | - | - | 262.11 Mn | -13.05% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -13.05% |
| Dec 31, 2025 | -1.54% |
| Sep 30, 2025 | -4.30% |
| Jun 30, 2025 | 2.73% |
| Mar 31, 2025 | 1.05% |
| Dec 31, 2024 | 8.36% |
| Sep 30, 2024 | 8.01% |
| Jun 30, 2024 | 1.48% |
| Mar 31, 2024 | -2.28% |
| Dec 31, 2023 | 7.28% |
| Sep 30, 2023 | 6.75% |
| Jun 30, 2023 | 5.67% |
| Mar 31, 2023 | 2.16% |
| Dec 31, 2022 | -0.76% |
| Sep 30, 2022 | -22.80% |
| Jun 30, 2022 | -11.20% |
| Mar 31, 2022 | -4.32% |
| Dec 31, 2021 | 0.23% |
| Sep 30, 2021 | -1.26% |
| Jun 30, 2021 | -10.64% |