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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) Operating Margin (2020 - 2025)

Li Auto has reported Operating Margin over the past 6 years, most recently at 1.54% for Q4 2025.

  • For Q4 2025, Operating Margin fell 990.0% year-over-year to 1.54%; the TTM value through Dec 2025 reached 0.48%, down 536.0%, while the annual FY2025 figure was 0.46%, 532.0% down from the prior year.
  • Operating Margin for Q4 2025 was 1.54% at Li Auto, up from 4.3% in the prior quarter.
  • Over five years, Operating Margin peaked at 8.36% in Q4 2024 and troughed at 22.8% in Q3 2022.
  • A 5-year average of 1.34% and a median of 0.27% in 2021 define the central range for Operating Margin.
  • Biggest five-year swings in Operating Margin: tumbled -2154bps in 2022 and later soared 2954bps in 2023.
  • Year by year, Operating Margin stood at 0.23% in 2021, then tumbled by -434bps to 0.76% in 2022, then surged by 1061bps to 7.28% in 2023, then increased by 15bps to 8.36% in 2024, then tumbled by -118bps to 1.54% in 2025.
  • Business Quant data shows Operating Margin for LI at 1.54% in Q4 2025, 4.3% in Q3 2025, and 2.73% in Q2 2025.