Zhihu (ZH) Asset Utilization Ratio (2021 - 2025)
Zhihu's (ZH) quarterly Asset Utilization Ratio came in at 377.84 in Q4 2025, up 160.45% year-on-year from 145.07 in Q4 2024, and down 4.59% quarter-over-quarter from 396.02 in Q3 2025.
Zhihu (ZH) Asset Utilization Ratio (2021 - 2025) Analysis & Trends
Zhihu has disclosed Asset Utilization Ratio across 5 years of filings, most recently posting 377.84 for Q4 2025.
- Asset Utilization Ratio for Q4 2025 came in at 377.84, up 160.45% year-over-year; the trailing twelve-month figure through Dec 2025 was 377.84 (up 160.45% YoY), and the FY2025 annual result was 0.51, down 9.06% from the prior year.
- Asset Utilization Ratio came in at 377.84 for Q4 2025 at Zhihu, down from 396.02 in the prior quarter.
- In the past five years, Asset Utilization Ratio ranged from a high of 396.02 in Q3 2025 to a low of 0.23 in Q2 2021.
- The 5-year median for Asset Utilization Ratio is 0.56 (2023), against an average of 67.75.
- Across the five-year window, Asset Utilization Ratio rose 10.2% in 2024 and surged 61850.25% in 2025, its largest moves.
- Zhihu's Asset Utilization Ratio stood at 0.34 in 2021, then soared by 42.51% to 0.48 in 2022, then climbed by 28.72% to 0.62 in 2023, then jumped by 23411.69% to 145.07 in 2024, then jumped by 160.45% to 377.84 in 2025.
- The last three Asset Utilization Ratio figures came in at 377.84 (Q4 2025), 396.02 (Q3 2025), and 277.43 (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 1,913,603.98 Bn | 1,913,603.98 Bn | 295.20 Mn | 0.05 |
| 2 | Alphabet | 4,425.33 Bn | 4,209.71 Bn | 102.29 Bn | 0.65 |
| 3 | Meta Platforms | 1,502.66 Bn | 1,421.48 Bn | 46.09 Bn | 0.56 |
| 4 | Spotify Technology | 119.69 Bn | 109.44 Bn | 1.75 Bn | 1.24 |
| 5 | 33.22 Bn | 30.45 Bn | 511.94 Mn | 0.74 | |
| 6 | 13.64 Bn | 12.34 Bn | 768.96 Mn | 0.86 | |
| 7 | Kanzhun | 13.02 Bn | 10.92 Bn | 255.62 Bn | 332.73 |
| 8 | Snap | 9.72 Bn | 6.90 Bn | 1.29 Bn | 0.80 |
| 9 | Zillow | 8.26 Bn | 7.48 Bn | 519.00 Mn | 0.49 |
| 10 | Zhihu | 105.93 Mn | -359.25 Mn | 49.31 Bn | 377.84 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 377.84 |
| Sep 30, 2025 | 396.02 |
| Jun 30, 2025 | 277.43 |
| Mar 31, 2025 | 151.73 |
| Dec 31, 2024 | 145.07 |
| Sep 30, 2024 | 0.64 |
| Jun 30, 2024 | 0.64 |
| Mar 31, 2024 | 0.62 |
| Dec 31, 2023 | 0.62 |
| Sep 30, 2023 | 0.58 |
| Jun 30, 2023 | 0.53 |
| Mar 31, 2023 | 0.51 |
| Dec 31, 2022 | 0.48 |
| Sep 30, 2022 | 0.45 |
| Jun 30, 2022 | 0.41 |
| Mar 31, 2022 | 0.37 |
| Dec 31, 2021 | 0.34 |
| Sep 30, 2021 | 0.28 |
| Jun 30, 2021 | 0.23 |
| Mar 31, 2021 | 0.26 |