Zhihu (ZH) Return on Invested Capital (2021 - 2025)
Zhihu (ZH) posted Return on Invested Capital of 104.83% for Q4 2025, down 23.73% sequentially from 84.72% in Q3 2025, and down 10710.0% YoY from N/an in Q4 2024.
Zhihu (ZH) Return on Invested Capital (2021 - 2025) Analysis & Trends
Zhihu has reported Return on Invested Capital for 5 years, with the latest figure at 104.83% in Q4 2025.
- Quarterly Return on Invested Capital fell 10710.0% year-over-year to 104.83% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 104.83% (down 10710.0% YoY) and the FY2025 annual result came in at 0.27%, changed 0.0% from the prior year.
- Return on Invested Capital slipped to 104.83% in Q4 2025 per ZH's latest filing, from 84.72% in the prior quarter.
- Over five years, Return on Invested Capital peaked at 3.09% in Q1 2025 and troughed at 104.83% in Q4 2025.
- A 5-year average of 11.02% and a median of 0.06% in 2022 frame the typical range for Return on Invested Capital.
- The widest YoY moves for Return on Invested Capital: up 319 bps in 2025, down 10710 bps in 2025.
- Over 5 years, Return on Invested Capital stood at 0.06% in 2021, then grew by 9 bps to 0.05% in 2022, then plunged by 85 bps to 0.1% in 2023, then jumped by 2463 bps to 2.27% in 2024, then plunged by 4713 bps to 104.83% in 2025.
- According to Business Quant data, Return on Invested Capital over the past three periods registered 104.83%, 84.72%, and 31.18% for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,200.36 Bn | 3,771.32 Bn | 73.85 Bn | - |
| 2 | Meta Platforms | 1,536.52 Bn | 1,446.26 Bn | 49.47 Bn | - |
| 3 | Taboola.com | 1,134.89 Bn | 1,134.76 Bn | 139.48 Mn | - |
| 4 | Baidu | 289.08 Bn | 284.59 Bn | 1.88 Mn | 0.00% |
| 5 | Spotify Technology | 102.96 Bn | 92.72 Bn | 1.75 Bn | 0.01% |
| 6 | Joyy | 77.48 Bn | 76.59 Bn | 205.64 Mn | 0.02% |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | - |
| 8 | Nebius | 49.36 Bn | 39.73 Bn | 295.20 Mn | - |
| 9 | 30.41 Bn | 27.62 Bn | 734.60 Mn | - | |
| 10 | Zhihu | 792.14 Mn | 316.96 Mn | 49.31 Bn | -104.83% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -104.83% |
| Sep 30, 2025 | -84.72% |
| Jun 30, 2025 | -31.18% |
| Mar 31, 2025 | 3.09% |
| Dec 31, 2024 | 2.27% |
| Sep 30, 2024 | -2.53% |
| Jun 30, 2024 | -1.72% |
| Mar 31, 2024 | -0.10% |
| Dec 31, 2023 | -0.10% |
| Sep 30, 2023 | -0.10% |
| Jun 30, 2023 | -0.06% |
| Mar 31, 2023 | -0.05% |
| Dec 31, 2022 | -0.05% |
| Sep 30, 2022 | -0.05% |
| Jun 30, 2022 | -0.06% |
| Mar 31, 2022 | -0.06% |
| Dec 31, 2021 | -0.06% |
| Sep 30, 2021 | -0.05% |
| Jun 30, 2021 | -0.06% |
| Mar 31, 2021 | -0.08% |