Li Auto (LI) Operating Margin (2020 - 2025)
Li Auto (LI) posted Operating Margin of 1.54% for Q4 2025, up 64.25% on a QoQ basis from 4.3% in Q3 2025, and down 990.0% year-over-year from 0.17% in Q4 2024.
Li Auto (LI) has 6 years of Operating Margin data on file, last reported at 1.54% in Q4 2025.
- In Q4 2025, Operating Margin fell 990.0% year-over-year to 1.54%; the TTM figure through Dec 2025 stood at 0.48% (down 536.0% YoY), while the FY2025 annual figure was 0.46%, down 532.0% from the prior year.
- Operating Margin improved to 1.54% in Q4 2025, from 4.3% in the prior quarter.
- Across five years, Operating Margin topped out at 8.36% in Q4 2024 and bottomed at 22.8% in Q3 2022.
- A 5-year average of 1.34% and a median of 0.27% in 2021 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2022 — Operating Margin tumbled 2154 bps — and 2023, when it jumped 2954 bps.
- Year by year, Operating Margin stood at 0.23% in 2021, then sank by 434 bps to 0.76% in 2022, then soared by 1061 bps to 7.28% in 2023, then climbed by 15 bps to 8.36% in 2024, then slumped by 118 bps to 1.54% in 2025.
- The last three Operating Margin figures came in at 1.54% (Q4 2025), 4.3% (Q3 2025), and 2.73% (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating 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 | -1.54% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | -10.64% |
| Mar 31, 2021 | -11.40% |
| Dec 31, 2020 | 1.90% |
| Sep 30, 2020 | 7.17% |
| Jun 30, 2020 | -9.05% |
| Mar 31, 2020 | -27.49% |