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
DateValue
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