Zhihu (ZH) Return on Capital Employed (2021 - 2025)

Zhihu's (ZH) quarterly Return on Capital Employed came in at 11227.59% in Q4 2025, down 1148514.0% year-on-year from N/an in Q4 2024, and down 170.28% quarter-over-quarter from 4154.07% in Q3 2025.

Zhihu (ZH) Return on Capital Employed (2021 - 2025) Analysis & Trends

Zhihu has disclosed Return on Capital Employed across 5 years of filings, most recently posting 11227.59% for Q4 2025.

  • Return on Capital Employed for Q4 2025 came in at 11227.59%, down 1148514.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 11227.59% (down 1148514.0% YoY), and the FY2025 annual result was 1.05%, up 890.0% from the prior year.
  • Return on Capital Employed came in at 11227.59% for Q4 2025 at Zhihu, down from 4154.07% in the prior quarter.
  • In the past five years, Return on Capital Employed ranged from a high of 273.94% in Q1 2025 to a low of 11227.59% in Q4 2025.
  • The 5-year median for Return on Capital Employed is 19.31% (2021), against an average of 851.01%.
  • Peak annual rise in Return on Capital Employed reached 28891 bps in 2025, while the deepest fall reached 1148514 bps in 2025.
  • Zhihu's Return on Capital Employed stood at 20.15% in 2021, then sank by 42 bps to 28.56% in 2022, then jumped by 49 bps to 14.54% in 2023, then soared by 1871 bps to 257.56% in 2024, then slumped by 4459 bps to 11227.59% in 2025.
  • The last three Return on Capital Employed figures came in at 11227.59% (Q4 2025), 4154.07% (Q3 2025), and 1886.04% (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Nebius 1,913,603.98 Bn 1,913,603.98 Bn 295.20 Mn -3.77%
2 Alphabet 4,425.33 Bn 4,209.71 Bn 102.29 Bn 25.65%
3 Meta Platforms 1,502.66 Bn 1,421.48 Bn 46.09 Bn 26.53%
4 Spotify Technology 119.69 Bn 109.44 Bn 1.75 Bn -
5 Reddit 33.22 Bn 30.45 Bn 511.94 Mn 20.06%
6 Pinterest 13.64 Bn 12.34 Bn 768.96 Mn 6.06%
7 Kanzhun 13.02 Bn 10.92 Bn 255.62 Bn 12,960.00%
8 Snap 9.72 Bn 6.90 Bn 1.29 Bn -6.47%
9 Zillow 8.26 Bn 7.48 Bn 519.00 Mn 0.23%
10 Zhihu 105.93 Mn -359.25 Mn 49.31 Bn -11,227.59%

Historic Data

Download Data
DateValue
Dec 31, 2025 -11,227.59%
Sep 30, 2025 -4,154.07%
Jun 30, 2025 -1,886.04%
Mar 31, 2025 273.94%
Dec 31, 2024 257.56%
Sep 30, 2024 -7.01%
Jun 30, 2024 -12.36%
Mar 31, 2024 -14.97%
Dec 31, 2023 -14.54%
Sep 30, 2023 -20.75%
Jun 30, 2023 -18.47%
Mar 31, 2023 -20.99%
Dec 31, 2022 -28.56%
Sep 30, 2022 -29.38%
Jun 30, 2022 -28.82%
Mar 31, 2022 -25.14%
Dec 31, 2021 -20.15%
Sep 30, 2021 -15.75%
Jun 30, 2021 -12.73%
Mar 31, 2021 -14.36%