Quhuo (QH) Net Margin (2019 - 2025)
Quhuo (QH) posted quarterly Net Margin of 6.91% for Q4 2025, down 1078.0% year-over-year from 0.71% in Q4 2024, and down 278.51% quarter-over-quarter from 3.87% in Q4 2024.
Quhuo (QH) Net Margin (2019 - 2025) Analysis & Trends
Quhuo (QH) has reported Net Margin for 7 consecutive years, with 6.91% the latest figure, recorded in Q4 2025.
- In Q4 2025, Net Margin fell 1078.0% year-over-year to 6.91%; the TTM figure through Dec 2025 stood at 0.65% (down 151.0% YoY), while the FY2025 annual figure was 5.92%, down 601.0% from the prior year.
- Net Margin eased to 6.91% in Q4 2025 per QH's latest filing, from 3.87% in the prior quarter.
- Across five years, Net Margin topped out at 3.87% in Q4 2024 and bottomed at 9.51% in Q1 2021.
- Historically, Net Margin has averaged 1.78% across 5 years, with a median of 0.76% in 2021.
- Annual changes were most pronounced in 2021 — Net Margin jumped 454 bps — and 2025, when it plunged 1078 bps.
- Quhuo's Net Margin stood at 2.12% in 2021, then jumped by 128 bps to 0.6% in 2022, then increased by 9 bps to 0.66% in 2023, then soared by 486 bps to 3.87% in 2024, then tumbled by 279 bps to 6.91% in 2025.
- Business Quant data shows QH's Net Margin at 6.91% in Q4 2025, 3.87% in Q4 2024, and 0.66% in Q4 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 21.16% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 41.92% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 18.93% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 17.17% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 7.47% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | -21.25% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 17.88% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 25.87% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 35.80% |
| 10 | Quhuo | 222,602.88 | -236.16 Mn | 1.19 Mn | -6.78% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -6.91% |
| Dec 31, 2024 | 3.87% |
| Dec 31, 2023 | 0.66% |
| Dec 31, 2022 | 0.60% |
| Dec 31, 2021 | -2.12% |
| Sep 30, 2021 | 2.26% |
| Jun 30, 2021 | -3.12% |
| Mar 31, 2021 | -9.51% |
| Dec 31, 2020 | 1.38% |
| Sep 30, 2020 | -2.29% |
| Jun 30, 2020 | 3.78% |
| Mar 31, 2020 | -4.99% |
| Dec 31, 2019 | 0.04% |
| Sep 30, 2019 | 1.04% |
| Jun 30, 2019 | -11.04% |