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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioGross MarginInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Zhihu (ZH) Net Margin (2020 - 2025)

Zhihu's Net Margin history spans 6 years, with the latest figure at 35.13% for Q4 2025.

  • On a quarterly basis, Net Margin fell 942907441.0% to 35.13% in Q4 2025 year-over-year; TTM through Dec 2025 was 7.23%, a 268474.0% decrease, with the full-year FY2025 number at 7.02%, down 224.0% from a year prior.
  • Net Margin hit 35.13% in Q4 2025 for Zhihu, down from 6.85% in the prior quarter.
  • Over the last five years, Net Margin for ZH hit a ceiling of 9429039.28% in Q4 2024 and a floor of 778.09% in Q2 2024.
  • Historically, Net Margin has averaged 471384.11% across 5 years, with a median of 34.25% in 2025.
  • Biggest five-year swings in Net Margin: skyrocketed 942903905bps in 2024 and later plummeted -942907441bps in 2025.
  • Tracing ZH's Net Margin over 5 years: stood at 37.75% in 2021, then surged by 49bps to 19.26% in 2022, then skyrocketed by 101bps to 0.23% in 2023, then skyrocketed by 2000000000bps to 9429039.28% in 2024, then tumbled by -100bps to 35.13% in 2025.
  • Business Quant data shows Net Margin for ZH at 35.13% in Q4 2025, 6.85% in Q3 2025, and 18.1% in Q2 2025.