Growth Metrics

Zhihu (ZH) Equity Ratio (2019 - 2025)

Zhihu's Equity Ratio history spans 7 years, with the latest figure at 0.75 for Q4 2025.

  • On a quarterly basis, Equity Ratio rose 2.0% to 0.75 in Q4 2025 year-over-year; TTM through Dec 2025 was 0.75, a 2.0% increase, with the full-year FY2025 number at 0.73, up 1.58% from a year prior.
  • Equity Ratio hit 0.75 in Q4 2025 for Zhihu, roughly flat from 0.75 in the prior quarter.
  • Over the last five years, Equity Ratio for ZH hit a ceiling of 0.85 in Q1 2021 and a floor of 0.69 in Q1 2024.
  • Historically, Equity Ratio has averaged 0.74 across 5 years, with a median of 0.73 in 2025.
  • Biggest five-year swings in Equity Ratio: soared 155.95% in 2021 and later fell 12.16% in 2022.
  • Tracing ZH's Equity Ratio over 5 years: stood at 0.77 in 2021, then dropped by 2.81% to 0.74 in 2022, then dropped by 6.97% to 0.69 in 2023, then increased by 5.78% to 0.73 in 2024, then rose by 2.0% to 0.75 in 2025.
  • Business Quant data shows Equity Ratio for ZH at 0.75 in Q4 2025, 0.75 in Q3 2025, and 0.73 in Q2 2025.