Xpeng (XPEV) Equity Ratio (2019 - 2025)
Xpeng (XPEV) posted quarterly Equity Ratio of 0.28 for Q1 2026, down 18.28% YoY from 0.35 in Q1 2025, and down 4.1% sequentially from 0.29 in Q4 2025.
Xpeng (XPEV) Equity Ratio (2019 - 2025) Analysis & Trends
Xpeng has disclosed Equity Ratio across 8 years of filings, most recently posting 0.28 for Q1 2026.
- In Q1 2026, Equity Ratio fell 18.28% year-over-year to 0.28; the TTM figure through Mar 2026 stood at 0.28 (down 18.28% YoY), while the FY2025 annual figure was 0.29, down 22.15% from the prior year.
- Equity Ratio eased to 0.28 in Q1 2026, from 0.29 in the prior quarter.
- Over the last five years, Equity Ratio for XPEV reached as high as 0.6 in Q1 2022 and fell as low as 0.28 in Q1 2026.
- The 5-year median for Equity Ratio is 0.43 (2023), against an average of 0.43.
- Annual changes were most pronounced in 2024 — Equity Ratio gained 2.65% — and 2025, when it dropped 27.61%.
- A 5-year view of Equity Ratio shows it stood at 0.52 in 2022, then decreased by 16.4% to 0.43 in 2023, then dropped by 12.4% to 0.38 in 2024, then declined by 22.15% to 0.29 in 2025, then decreased by 4.1% to 0.28 in 2026.
- According to Business Quant data, Equity Ratio over the past three periods registered 0.28, 0.29, and 0.31 for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,375.42 Bn | 1,330.73 Bn | 4.72 Bn | 0.59 |
| 2 | Ford Motor | 78.30 Bn | 47.85 Bn | 7.94 Bn | 0.13 |
| 3 | General Motors | 68.82 Bn | 46.43 Bn | 4.32 Bn | 0.22 |
| 4 | Xpeng | 40.80 Bn | 38.26 Bn | 388.90 Mn | - |
| 5 | Rivian Automotive | 21.46 Bn | 16.65 Bn | 119.00 Mn | 0.31 |
| 6 | Li Auto | 12.40 Bn | -965.30 Mn | 262.11 Mn | - |
| 7 | Nio | 12.31 Bn | 9.20 Bn | 704.43 Mn | - |
| 8 | VinFast Auto | 7.23 Bn | 91,500.01 Bn | -17,004.89 Bn | -1.03 |
| 9 | Lucid | 2.18 Bn | 1.48 Bn | -311.71 Mn | -0.05 |
| 10 | China Yuchai International | 1.74 Bn | 678.93 Mn | 317.01 Mn | 0.30 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 0.29 |
| Dec 31, 2024 | 0.38 |
| Dec 31, 2023 | 0.43 |
| Dec 31, 2022 | 0.52 |
| Dec 31, 2021 | 0.64 |
| Dec 31, 2020 | 0.77 |
| Dec 31, 2019 | -0.74 |