Zhihu (ZHIHF) EBT Margin (2020 - 2025)
Zhihu recorded quarterly EBT Margin of 33.94% in Q4 2025, down 387.29% quarter-over-quarter from 6.96% in Q3 2025, and down 974594065.0% year-over-year from N/an in Q4 2024.
Zhihu's EBT Margin history runs 6 years deep, the most recent figure standing at 33.94% for Q4 2025.
- In Q4 2025, EBT Margin fell 974594065.0% year-over-year to 33.94%; the TTM figure through Dec 2025 stood at 8.3% (down 304967.0% YoY), while the FY2025 annual figure was 6.31%, down 135.0% from the prior year.
- EBT Margin came in at 33.94% for Q4 2025 at Zhihu, down from 6.96% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 9745906.71% in Q4 2024 to a low of 82.33% in Q1 2022.
- A 5-year average of 487270.62% and a median of 22.01% in 2023 frame the typical range for EBT Margin.
- Across the five-year window, EBT Margin jumped 974589809 bps in 2024 and slumped 974594065 bps in 2025, its largest moves.
- Zhihu's EBT Margin stood at 37.31% in 2021, then soared by 57 bps to 15.87% in 2022, then jumped by 154 bps to 8.63% in 2023, then surged by 112988004 bps to 9745906.71% in 2024, then tumbled by 100 bps to 33.94% in 2025.
- According to Business Quant data, EBT Margin over the past three periods registered 33.94%, 6.96%, and 14.25% for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,554.43 Bn | 4,338.81 Bn | 102.29 Bn | 70.44% |
| 2 | Meta Platforms | 1,602.78 Bn | 1,521.60 Bn | 46.09 Bn | 38.63% |
| 3 | Spotify Technology | 119.86 Bn | 109.62 Bn | 1.75 Bn | 20.67% |
| 4 | 33.71 Bn | 30.94 Bn | 511.94 Mn | 31.01% | |
| 5 | Nebius | 22.38 Bn | 22.38 Bn | 295.20 Mn | 154.24% |
| 6 | 12.76 Bn | 11.46 Bn | 768.96 Mn | -6.30% | |
| 7 | Kanzhun | 12.59 Bn | 10.49 Bn | 255.62 Bn | 68.87% |
| 8 | Snap | 9.64 Bn | 6.81 Bn | 1.29 Bn | -5.61% |
| 9 | Match | 8.43 Bn | 7.41 Bn | 653.28 Mn | 23.21% |
| 10 | Zhihu | - | - | 49.31 Bn | -33.94% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -33.94% |
| Sep 30, 2025 | -6.96% |
| Jun 30, 2025 | 14.25% |
| Mar 31, 2025 | -1.42% |
| Dec 31, 2024 | 9.75% |
| Sep 30, 2024 | -1.17% |
| Jun 30, 2024 | -9.39% |
| Mar 31, 2024 | -17.12% |
| Dec 31, 2023 | 8.63% |
| Sep 30, 2023 | -27.26% |
| Jun 30, 2023 | -26.50% |
| Mar 31, 2023 | -17.52% |
| Dec 31, 2022 | -15.87% |
| Sep 30, 2022 | -32.35% |
| Jun 30, 2022 | -57.49% |
| Mar 31, 2022 | -82.33% |
| Dec 31, 2021 | -37.31% |
| Sep 30, 2021 | -32.73% |
| Jun 30, 2021 | -50.05% |
| Mar 31, 2021 | -67.77% |
| Dec 31, 2020 | -17.23% |
| Sep 30, 2020 | -28.65% |
| Jun 30, 2020 | -44.59% |
| Mar 31, 2020 | -106.63% |