Li Auto (LI) Operating Margin (2020 - 2026)
Li Auto (LI) posted quarterly Operating Margin of 13.05% for Q1 2026, down 1410.0% year-over-year from 1.0% in Q1 2025, and down 748.33% on a QoQ basis from 1.54% in Q4 2025.
Li Auto (LI) Operating Margin (2020 - 2026) Analysis & Trends
Li Auto (LI) has reported Operating Margin for 7 consecutive years, with 13.05% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin fell 1410.0% year-over-year to 13.05%; the TTM figure through Mar 2026 stood at 3.53% (down 899.0% YoY), while the FY2025 annual figure was 0.46%, down 532.0% from the prior year.
- Operating Margin came in at 13.05% for Q1 2026 at Li Auto, down from 1.54% in the prior quarter.
- The five-year high for Operating Margin was 8.36% in Q4 2024, with the low at 22.8% in Q3 2022.
- Average Operating Margin over 5 years is 0.99%, with a median of 1.05% recorded in 2025.
- Across the five-year window, Operating Margin plunged 2154 bps in 2022 and soared 2954 bps in 2023, its largest moves.
- Year by year, Operating Margin stood at 0.76% in 2022, then soared by 1061 bps to 7.28% in 2023, then rose by 15 bps to 8.36% in 2024, then sank by 118 bps to 1.54% in 2025, then slumped by 748 bps to 13.05% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 13.05%, 1.54%, and 4.3% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,375.42 Bn | 1,330.73 Bn | 4.72 Bn | 4.20% |
| 2 | Ford Motor | 78.30 Bn | 47.85 Bn | 7.94 Bn | 5.38% |
| 3 | General Motors | 68.82 Bn | 46.43 Bn | 4.32 Bn | 7.44% |
| 4 | Xpeng | 40.80 Bn | 38.26 Bn | 388.90 Mn | -14.38% |
| 5 | Rivian Automotive | 21.46 Bn | 16.65 Bn | 119.00 Mn | -63.79% |
| 6 | Li Auto | 12.40 Bn | -965.30 Mn | 262.11 Mn | -13.05% |
| 7 | Nio | 12.31 Bn | 9.20 Bn | 704.43 Mn | 39.11% |
| 8 | VinFast Auto | 7.23 Bn | 91,500.01 Bn | -17,004.89 Bn | -98.92% |
| 9 | Lucid | 2.18 Bn | 1.48 Bn | -311.71 Mn | -350.30% |
| 10 | China Yuchai International | 1.74 Bn | 678.93 Mn | 317.01 Mn | 3.98% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -13.05% |
| 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% |