Li Auto (LI) Gross Margin (2020 - 2026)
Li Auto (LI) reported Gross Margin of 11.05% for Q2 2026, down 9.01 percentage points from 20.06% a year earlier but up 3.18 percentage points from the prior quarter.
Powered by 
Analysis
Li Auto (LI) Gross Margin (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Li Auto's Gross Margin came in at 13.54%, down 7.10 percentage points year-over-year; for FY2025, it came in at 18.68%, down 1.84 percentage points from FY2024.
- Gross Margin has a five-year change of +2.30 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 20.53% in FY2024 (-1.67 pp), 22.20% in FY2023 (+2.79 pp), 19.41% in FY2022 (-1.92 pp) and 21.33% in FY2021 (+4.95 pp).
- Five-year quarterly Gross Margin spans a low of 7.87% in Q1 2026 and a high of 23.45% in Q4 2023.
- Year over year, Gross Margin has now declined in each of the last four quarters, with an average year-over-year change of -4.07 percentage points over the last eight quarters.
- The high point for year-over-year Gross Margin in five years was Q3 2023 (a gain of 9.39 percentage points); the low point was Q1 2026 (a drop of 12.65 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 7.87% (Q1 2026), 17.83% (Q4 2025) and 16.33% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,223.67 Bn | 1,049.69 Bn | 4.75 Bn | 16.83% |
| 2 | Toyota Motor | 243.73 Bn | -163.01 Bn | 20.95 Bn | 24.69% |
| 3 | Honda Motor | 126.52 Bn | -7.78 Bn | 8.46 Bn | 22.24% |
| 4 | General Motors | 72.50 Bn | -34.01 Bn | 7.33 Bn | 15.26% |
| 5 | Ferrari | 68.83 Bn | 61.27 Bn | 1.18 Bn | 52.59% |
| 6 | Ford Motor | 48.36 Bn | -94.13 Bn | 6.08 Bn | 12.59% |
| 7 | Rivian Automotive | 18.97 Bn | -4.34 Bn | 179.00 Mn | 10.80% |
| 8 | Magna International | 18.29 Bn | 15.51 Bn | 1.61 Bn | 14.68% |
| 9 | Stellantis | 13.35 Bn | -153.18 Bn | 5.55 Bn | 10.98% |
| 10 | Li Auto | 11.09 Bn | -42.99 Bn | 417.98 Mn | 11.05% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.05% |
| Mar 31, 2026 | 7.87% |
| Dec 31, 2025 | 17.83% |
| Sep 30, 2025 | 16.33% |
| Jun 30, 2025 | 20.06% |
| Mar 31, 2025 | 20.51% |
| Dec 31, 2024 | 20.26% |
| Sep 30, 2024 | 21.52% |
| Jun 30, 2024 | 19.50% |
| Mar 31, 2024 | 20.61% |
| Dec 31, 2023 | 23.45% |
| Sep 30, 2023 | 22.04% |
| Jun 30, 2023 | 21.76% |
| Mar 31, 2023 | 20.39% |
| Dec 31, 2022 | 20.21% |
| Sep 30, 2022 | 12.65% |
| Jun 30, 2022 | 21.51% |
| Mar 31, 2022 | 22.63% |
| Dec 31, 2021 | 22.41% |
| Sep 30, 2021 | 23.30% |
API Access
Li Auto Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=LI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "LI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=LI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();