Zhihu (ZH) Asset Utilization Ratio (2021 - 2026)
Zhihu (ZH) posted Asset Utilization Ratio of 377.84 for Q4 2025, down 4.59% sequentially from 396.02 in Q3 2025, and up 160.45% YoY from 145.07 in Q4 2024.
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Zhihu (ZH) Asset Utilization Ratio (2021 - 2026) Analysis & Trends
Zhihu has reported Asset Utilization Ratio for 5 years, with the latest figure at 377.84 in Q4 2025.
- Quarterly Asset Utilization Ratio rose 160.45% year-over-year to 377.84 in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 377.84 (up 160.45% YoY) and the FY2025 annual result came in at 0.51, down 9.06% from the prior year.
- Asset Utilization Ratio slipped to 377.84 in Q4 2025 per ZH's latest filing, from 396.02 in the prior quarter.
- Over five years, Asset Utilization Ratio peaked at 396.02 in Q3 2025 and troughed at 0.23 in Q2 2021.
- A 5-year average of 67.75 and a median of 0.56 in 2023 frame the typical range for Asset Utilization Ratio.
- The sharpest annual moves came in 2024 and 2025: Asset Utilization Ratio advanced 10.2% in 2024, then jumped 61850.25% in 2025.
- Over 5 years, Asset Utilization Ratio stood at 0.34 in 2021, then surged by 42.51% to 0.48 in 2022, then increased by 28.72% to 0.62 in 2023, then soared by 23411.69% to 145.07 in 2024, then soared by 160.45% to 377.84 in 2025.
- According to Business Quant data, Asset Utilization Ratio over the past three periods registered 377.84, 396.02, and 277.43 for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 0.55 |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 0.54 |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | 1.35 |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | 0.05 |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 0.78 | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | 0.74 |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | - |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | 0.97 | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 0.83 |
| 10 | Zhihu | 220.44 Mn | -357.04 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 513.73 |
| 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 |