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

Zhihu has disclosed Return on Invested Capital across 5 years of filings, most recently posting 0.99% for Q4 2025.

• Return on Invested Capital for Q4 2025 came in at 0.99%, down 102.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 0.99% (down 102.0% YoY), and the FY2025 annual result was 0.0%, changed 0.0% from the prior year.
• Return on Invested Capital came in at 0.99% for Q4 2025 at Zhihu, down from 0.51% in the prior quarter.
• In the past five years, Return on Invested Capital ranged from a high of 0.02% in Q1 2025 to a low of 0.99% in Q4 2025.
• The 5-year median for Return on Invested Capital is 0.0% (2022), against an average of 0.09%.
• Peak annual rise in Return on Invested Capital reached 3 bps in 2025, while the deepest fall reached 102 bps in 2025.
• Zhihu's Return on Invested Capital stood at 0.0% in 2021, then tumbled by 46 bps to 0.0% in 2022, then jumped by 49 bps to 0.0% in 2023, then jumped by 1686 bps to 0.02% in 2024, then sank by 4329 bps to 0.99% in 2025.
• The last three Return on Invested Capital figures came in at 0.99% (Q4 2025), 0.51% (Q3 2025), and 0.22% (Q2 2025), per Business Quant data.