Zhihu (ZH) Return on Capital Employed (2021 - 2026)
Zhihu (ZH) posted Return on Capital Employed of 11206.28% for Q4 2025, down 171.09% sequentially from 4133.77% in Q3 2025, and down 1146384.0% YoY from N/an in Q4 2024.
Analysis
Zhihu (ZH) Return on Capital Employed (2021 - 2026) Analysis & Trends
Zhihu has reported Return on Capital Employed for 5 years, with the latest figure at 11206.28% in Q4 2025.
- Quarterly Return on Capital Employed fell 1146384.0% year-over-year to 11206.28% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 11206.28% (down 1146384.0% YoY) and the FY2025 annual result came in at 12.28%, down 217.0% from the prior year.
- Return on Capital Employed retreated to 11206.28% in Q4 2025 per ZH's latest filing, from 4133.77% in the prior quarter.
- Over five years, Return on Capital Employed peaked at 273.94% in Q1 2025 and troughed at 11206.28% in Q4 2025.
- A 5-year average of 847.91% and a median of 19.32% in 2021 frame the typical range for Return on Capital Employed.
- The widest YoY moves for Return on Capital Employed: up 28891 bps in 2025, down 1146384 bps in 2025.
- Over 5 years, Return on Capital Employed stood at 20.15% in 2021, then tumbled by 42 bps to 28.67% in 2022, then soared by 49 bps to 14.56% in 2023, then jumped by 1869 bps to 257.56% in 2024, then slumped by 4451 bps to 11206.28% in 2025.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 11206.28%, 4133.77%, and 1865.22% for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 21.49% |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 23.74% |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | - |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | -2.94% |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 24.36% | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | 6.72% |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | 12.90% |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | 5.48% | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 26.93% |
| 10 | Zhihu | 220.44 Mn | -357.04 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | -13,285.71% |
| Dec 31, 2025 | -12,488.14% |
| Sep 30, 2025 | -5,355.03% |
| Jun 30, 2025 | -3,117.57% |
| Mar 31, 2025 | -953.62% |
| Dec 31, 2024 | 261.62% |
| Sep 30, 2024 | -2.95% |
| Jun 30, 2024 | -8.53% |
| Mar 31, 2024 | -15.32% |
| Dec 31, 2023 | -14.85% |
| Sep 30, 2023 | -21.04% |
| Jun 30, 2023 | -18.88% |
| Mar 31, 2023 | -21.33% |
| Dec 31, 2022 | -28.86% |
| Sep 30, 2022 | -29.66% |
| Jun 30, 2022 | -28.91% |
| Mar 31, 2022 | -25.13% |
| Dec 31, 2021 | -20.20% |
| Sep 30, 2021 | -15.80% |
| Jun 30, 2021 | -12.78% |