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Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

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

Li Auto has reported Gross Margin over the past 6 years, most recently at 17.83% for Q4 2025.

  • For Q4 2025, Gross Margin fell 243.0% year-over-year to 17.83%; the TTM value through Dec 2025 reached 18.67%, down 187.0%, while the annual FY2025 figure was 18.68%, 184.0% down from the prior year.
  • Gross Margin for Q4 2025 was 17.83% at Li Auto, up from 16.33% in the prior quarter.
  • Over five years, Gross Margin peaked at 23.45% in Q4 2023 and troughed at 12.65% in Q3 2022.
  • A 5-year average of 20.16% and a median of 20.45% in 2023 define the central range for Gross Margin.
  • Biggest five-year swings in Gross Margin: crashed -1065bps in 2022 and later soared 939bps in 2023.
  • Year by year, Gross Margin stood at 22.41% in 2021, then fell by -10bps to 20.21% in 2022, then grew by 16bps to 23.45% in 2023, then dropped by -14bps to 20.26% in 2024, then fell by -12bps to 17.83% in 2025.
  • Business Quant data shows Gross Margin for LI at 17.83% in Q4 2025, 16.33% in Q3 2025, and 20.06% in Q2 2025.