Quhuo (QH) Operating Margin (2019 - 2025)
Quhuo's (QH) quarterly Operating Margin came in at 7.74% in Q4 2025, down 1010.0% year-on-year from 0.85% in Q4 2024, and down 428.32% on a QoQ basis from 2.36% in Q4 2024.
Quhuo (QH) Operating Margin (2019 - 2025) Analysis & Trends
Quhuo (QH) has 7 years of Operating Margin data on file, last reported at 7.74% in Q4 2025.
- On a quarterly basis, Operating Margin fell 1010.0% year-over-year to 7.74% in Q4 2025; TTM through Dec 2025 was 0.4%, a 69.0% decrease from a year earlier, with the FY2025 full-year figure at 7.05%, down 671.0% from the prior year.
- Operating Margin for Q4 2025 stood at 7.74%, down from 2.36% in the prior quarter.
- Over the last five years, Operating Margin for QH reached as high as 2.36% in Q4 2024 and fell as low as 8.37% in Q1 2021.
- Historically, Operating Margin has averaged 2.12% across 5 years, with a median of 1.61% in 2021.
- Across the five-year window, Operating Margin surged 471 bps in 2022 and plunged 1010 bps in 2025, its largest moves.
- Year by year, Operating Margin stood at 2.48% in 2021, then soared by 190 bps to 2.23% in 2022, then slumped by 89 bps to 0.24% in 2023, then surged by 878 bps to 2.36% in 2024, then tumbled by 428 bps to 7.74% in 2025.
- Per Business Quant data, the three most recent Operating Margin figures were 7.74% in Q4 2025, 2.36% in Q4 2024, and 0.24% in Q4 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 28.69% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 12.05% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 14.56% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 21.08% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 4.06% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | -22.99% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | -23.45% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 29.26% |
| 10 | Quhuo | 19.18 Mn | -217.20 Mn | 1.19 Mn | -7.74% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -7.74% |
| Dec 31, 2024 | 2.36% |
| Dec 31, 2023 | 0.24% |
| 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 | -3.12% |
| Jun 30, 2020 | 5.40% |
| Mar 31, 2020 | -4.87% |
| Dec 31, 2019 | -0.34% |
| Sep 30, 2019 | 2.01% |
| Jun 30, 2019 | -11.95% |