Zhihu (ZH) Return on Invested Capital [ROIC] (2024 - 2025)
Zhihu (ZH) posted Return on Invested Capital [ROIC] of -8.22% for the quarter ended Dec 31, 2025, up 1.23 percentage points from -9.45% a year earlier but down 3.10 percentage points from the prior quarter.
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Analysis
Zhihu (ZH) Return on Invested Capital [ROIC] (2024 - 2025) Analysis & Trends
For the year ended Dec 31, 2025, Zhihu's Return on Invested Capital [ROIC] came in at -7.38%, up 1.73 percentage points from the prior year.
- In prior years, Zhihu's Return on Invested Capital [ROIC] was -9.11% in the year ended Dec 31, 2024 (+7.36 pp) and -16.47% in the year ended Dec 31, 2023.
- Quarterly Return on Invested Capital [ROIC] has run from a low of -9.45% in the quarter ended Dec 31, 2024 to a high of -4.84% in the quarter ended Jun 30, 2025 over five years.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior quarters was -5.12% (quarter ended Sep 30, 2025), -4.84% (quarter ended Jun 30, 2025) and -6.20% (quarter ended Mar 31, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,173.87 Bn | 3,931.39 Bn | 73.85 Bn | 18.61% |
| 2 | Meta Platforms | 1,849.67 Bn | 1,552.19 Bn | 49.47 Bn | 20.90% |
| 3 | Netflix | 279.23 Bn | 239.43 Bn | 6.52 Bn | 26.42% |
| 4 | Alibaba Group Holding | 245.86 Bn | 63.73 Bn | 15.11 Bn | 2.33% |
| 5 | Shopify | 196.08 Bn | 173.27 Bn | 1.71 Bn | - |
| 6 | Uber Technologies | 138.90 Bn | 110.88 Bn | 6.38 Bn | 17.38% |
| 7 | Booking Holdings | 119.48 Bn | 52.53 Bn | - | 75.49% |
| 8 | PDD Holdings | 107.30 Bn | -144.64 Bn | 9.45 Bn | - |
| 9 | Spotify Technology | 97.33 Bn | 54.56 Bn | 1.86 Bn | - |
| 10 | Zhihu | 276.19 Mn | -2.00 Bn | 57.98 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -8.22% |
| Sep 30, 2025 | -5.12% |
| Jun 30, 2025 | -4.84% |
| Mar 31, 2025 | -6.20% |
| Dec 31, 2024 | -9.45% |
| Sep 30, 2024 | -7.00% |
API Access
Zhihu Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=ZH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "ZH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=ZH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();