Li Auto (LAAOF) Operating Margin (2020 - 2026)
Li Auto (LAAOF) posted Operating Margin of 8.96% for Q2 2026, up 31.3% on a QoQ basis from 13.05% in Q1 2026, and down 1170.0% year-over-year from 0.84% in Q2 2025.
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Li Auto (LAAOF) Operating Margin (2020 - 2026) Analysis & Trends
Li Auto has reported Operating Margin for 7 years, with the latest figure at 8.96% in Q2 2026.
- On a quarterly basis, Operating Margin fell 1170.0% year-over-year to 8.96% in Q2 2026; TTM through Jun 2026 was 6.65%, a 1241.0% decrease from a year earlier, with the FY2025 full-year figure at 0.46%, down 532.0% from the prior year.
- Operating Margin was 8.96% for Q2 2026 at Li Auto, up from 13.05% in the prior quarter.
- The five-year high for Operating Margin was 8.36% in Q4 2024, with the low at 22.8% in Q3 2022.
- Average Operating Margin over 5 years is 1.43%, with a median of 0.15% recorded in 2022.
- The sharpest annual moves came in 2022 and 2023: Operating Margin slumped 2154 bps in 2022, then jumped 2954 bps in 2023.
- Over 5 years, Operating Margin stood at 0.76% in 2022, then jumped by 1061 bps to 7.28% in 2023, then grew by 15 bps to 8.36% in 2024, then tumbled by 118 bps to 1.54% in 2025, then plunged by 483 bps to 8.96% in 2026.
- The last three Operating Margin figures came in at 8.96% (Q2 2026), 13.05% (Q1 2026), and 1.54% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,193.53 Bn | 1,150.01 Bn | 4.75 Bn | 1.41% |
| 2 | Toyota Motor | 256.51 Bn | 178.52 Bn | 12.27 Bn | 8.76% |
| 3 | Honda Motor | 125.65 Bn | 85.52 Bn | 8.46 Bn | 8.76% |
| 4 | Ford Motor | 79.34 Bn | 48.01 Bn | 6.08 Bn | 1.32% |
| 5 | General Motors | 76.43 Bn | 51.71 Bn | 7.33 Bn | 3.04% |
| 6 | Rivian Automotive | 21.32 Bn | 16.01 Bn | 179.00 Mn | -50.42% |
| 7 | Nio | 8.66 Bn | 2.33 Bn | 870.51 Mn | -1.08% |
| 8 | VinFast Auto | 7.23 Bn | 7.23 Bn | -677,431.76 Bn | -98.92% |
| 9 | Li Auto | 5.98 Bn | -6.51 Bn | 417.98 Mn | -8.96% |
| 10 | Xpeng | 5.26 Bn | 2.95 Bn | 601.83 Mn | -5.79% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -8.96% |
| 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% |