Quhuo (QH) Operating Margin (2019 - 2025)
Quhuo (QH) posted quarterly Operating Margin of 8.81% for Q4 2025, up 1135.0% year-over-year from 0.71% in Q4 2024, and up 445.38% quarter-over-quarter from 2.55% in Q4 2024.
Quhuo (QH) Operating Margin (2019 - 2025) Analysis & Trends
Quhuo (QH) has reported Operating Margin for 7 consecutive years, with 8.81% the latest figure, recorded in Q4 2025.
- In Q4 2025, Operating Margin rose 1135.0% year-over-year to 8.81%; the TTM figure through Dec 2025 stood at 30.12% (down 154.0% YoY), while the FY2025 annual figure was 7.05%, down 671.0% from the prior year.
- Operating Margin advanced to 8.81% in Q4 2025 per QH's latest filing, from 2.55% in the prior quarter.
- Across five years, Operating Margin topped out at 8.81% in Q4 2025 and bottomed at 110.74% in Q4 2023.
- Historically, Operating Margin has averaged 14.54% across 5 years, with a median of 2.11% in 2021.
- Annual changes were most pronounced in 2023 — Operating Margin sank 11298 bps — and 2024, when it surged 10819 bps.
- Quhuo's Operating Margin stood at 2.48% in 2021, then jumped by 190 bps to 2.23% in 2022, then sank by 5061 bps to 110.74% in 2023, then jumped by 98 bps to 2.55% in 2024, then surged by 445 bps to 8.81% in 2025.
- Business Quant data shows QH's Operating Margin at 8.81% in Q4 2025, 2.55% in Q4 2024, and 110.74% in Q4 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 27.70% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 13.62% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 21.08% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 13.32% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 4.06% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | -23.45% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | -33.33% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 33.82% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 46.97% |
| 10 | Quhuo | 222,602.88 | -236.16 Mn | 1.19 Mn | 8.84% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 8.81% |
| Dec 31, 2024 | -2.55% |
| Dec 31, 2023 | -110.74% |
| Dec 31, 2022 | 2.23% |
| Dec 31, 2021 | -2.48% |
| Sep 30, 2021 | -1.74% |
| Jun 30, 2021 | -1.48% |
| Mar 31, 2021 | -8.37% |
| Dec 31, 2020 | -0.81% |
| Sep 30, 2020 | -3.06% |
| Jun 30, 2020 | 5.40% |
| Mar 31, 2020 | -4.87% |
| Dec 31, 2019 | -0.34% |
| Sep 30, 2019 | 12.90% |
| Jun 30, 2019 | -11.95% |