Growth Metrics

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

Li Auto (LI) posted Net Margin of 1.88% for Q4 2025, up 58.74% on a QoQ basis from 4.55% in Q3 2025, and down 1122.0% year-over-year from 0.18% in Q4 2024.

Li Auto (LI) has 6 years of Net Margin data on file, last reported at 1.88% in Q4 2025.

  • In Q4 2025, Net Margin fell 1122.0% year-over-year to 1.88%; the TTM figure through Dec 2025 stood at 0.39% (down 652.0% YoY), while the FY2025 annual figure was 1.0%, down 456.0% from the prior year.
  • Net Margin grew to 1.88% in Q4 2025, from 4.55% in the prior quarter.
  • Across five years, Net Margin topped out at 9.35% in Q4 2024 and bottomed at 21.95% in Q3 2022.
  • A 5-year average of 0.14% and a median of 1.42% in 2024 frame the typical range for Net Margin.
  • Annual changes were most pronounced in 2022 — Net Margin plunged 2167 bps — and 2023, when it surged 2988 bps.
  • Year by year, Net Margin stood at 2.77% in 2021, then plunged by 150 bps to 1.39% in 2022, then surged by 473 bps to 5.21% in 2023, then soared by 79 bps to 9.35% in 2024, then slumped by 120 bps to 1.88% in 2025.
  • The last three Net Margin figures came in at 1.88% (Q4 2025), 4.55% (Q3 2025), and 3.22% (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Tesla 1,345.47 Bn 1,300.79 Bn 4.72 Bn 2.19%
2 General Motors 75.49 Bn 53.10 Bn 4.32 Bn 6.64%
3 Ferrari 72.44 Bn 70.64 Bn - -
4 Ford Motor 66.63 Bn 36.17 Bn 7.94 Bn 5.89%
5 Stellantis 29.57 Bn -7.31 Bn 5.19 Bn 1.02%
6 Rivian Automotive 21.06 Bn 16.25 Bn 119.00 Mn -30.12%
7 China Yuchai International 16.90 Bn 15.88 Bn 317.01 Mn 1.46%
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 -1.88%

Historic Data

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DateValue
Dec 31, 2025 -1.88%
Sep 30, 2025 -4.55%
Jun 30, 2025 3.22%
Mar 31, 2025 1.54%
Dec 31, 2024 9.35%
Sep 30, 2024 8.27%
Jun 30, 2024 2.61%
Mar 31, 2024 1.29%
Dec 31, 2023 5.21%
Sep 30, 2023 7.93%
Jun 30, 2023 7.14%
Mar 31, 2023 3.62%
Dec 31, 2022 -1.39%
Sep 30, 2022 -21.95%
Jun 30, 2022 -10.82%
Mar 31, 2022 -0.11%
Dec 31, 2021 2.77%
Sep 30, 2021 -0.28%
Jun 30, 2021 -4.67%
Mar 31, 2021 -10.07%
Dec 31, 2020 2.59%
Sep 30, 2020 12.77%
Jun 30, 2020 -17.73%
Mar 31, 2020 -27.44%