Growth Metrics

Li Auto (LI) EBITDA Margin (2020 - 2025)

Li Auto (LI) posted EBITDA Margin of 1.1% for Q4 2025, up 56.61% on a QoQ basis from 2.54% in Q3 2025, and down 962.0% year-over-year from 0.13% in Q4 2024.

Li Auto (LI) has 6 years of EBITDA Margin data on file, last reported at 1.1% in Q4 2025.

  • In Q4 2025, EBITDA Margin fell 962.0% year-over-year to 1.1%; the TTM figure through Dec 2025 stood at 0.41% (down 519.0% YoY), while the FY2025 annual figure was 0.43%, down 517.0% from the prior year.
  • EBITDA Margin improved to 1.1% in Q4 2025, from 2.54% in the prior quarter.
  • Across five years, EBITDA Margin topped out at 13.88% in Q4 2023 and bottomed at 14.27% in Q3 2022.
  • A 5-year average of 1.49% and a median of 2.15% in 2024 frame the typical range for EBITDA Margin.
  • Annual changes were most pronounced in 2022 — EBITDA Margin plunged 1469 bps — and 2023, when it jumped 2244 bps.
  • Year by year, EBITDA Margin stood at 0.72% in 2021, then soared by 342 bps to 1.74% in 2022, then jumped by 697 bps to 13.88% in 2023, then tumbled by 39 bps to 8.51% in 2024, then plunged by 113 bps to 1.1% in 2025.
  • The last three EBITDA Margin figures came in at 1.1% (Q4 2025), 2.54% (Q3 2025), and 3.05% (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA Margin (Qtr)
1 Tesla 1,345.47 Bn 1,300.79 Bn 4.72 Bn 4.20%
2 General Motors 75.49 Bn 53.10 Bn 4.32 Bn 7.44%
3 Ferrari 72.44 Bn 70.64 Bn - -
4 Ford Motor 66.63 Bn 36.17 Bn 7.94 Bn 5.38%
5 Stellantis 29.57 Bn -7.31 Bn 5.19 Bn 1.80%
6 Rivian Automotive 21.06 Bn 16.25 Bn 119.00 Mn -63.79%
7 China Yuchai International 16.90 Bn 15.88 Bn 317.01 Mn 3.98%
8 VinFast Auto 8.12 Bn 11.12 Bn - -
9 Xpeng 4.61 Bn 1.71 Bn - -
10 Li Auto 4.13 Bn -4.66 Bn 733.67 Mn -1.10%

Historic Data

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DateValue
Dec 31, 2025 -1.10%
Sep 30, 2025 -2.54%
Jun 30, 2025 3.05%
Mar 31, 2025 2.22%
Dec 31, 2024 8.51%
Sep 30, 2024 6.26%
Jun 30, 2024 3.51%
Mar 31, 2024 2.07%
Dec 31, 2023 13.88%
Sep 30, 2023 8.17%
Jun 30, 2023 7.64%
Mar 31, 2023 5.12%
Dec 31, 2022 1.74%
Sep 30, 2022 -14.27%
Jun 30, 2022 4.78%
Mar 31, 2022 -1.00%
Dec 31, 2021 -0.72%
Sep 30, 2021 0.42%
Jun 30, 2021 -10.74%
Mar 31, 2021 -7.13%
Dec 31, 2020 -12.70%
Sep 30, 2020 7.17%
Jun 30, 2020 -9.05%
Mar 31, 2020 -27.49%