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

Zhihu's Return on Invested Capital history runs 5 years deep, the most recent figure standing at 0.99% for Q4 2025.

• In Q4 2025, Return on Invested Capital rose 17348.0% year-over-year to 0.99%; the TTM figure through Dec 2025 stood at 0.99% (up 17348.0% YoY), while the FY2025 annual figure 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 0.0% in Q2 2021 to a low of 8616.52% in Q3 2024.
• A 5-year average of 460.13% and a median of 0.0% in 2022 frame the typical range for Return on Invested Capital.
• Across the five-year window, Return on Invested Capital sank 861652 bps in 2024 and jumped 861601 bps in 2025, its largest moves.
• Zhihu's Return on Invested Capital stood at 0.0% in 2021, then slumped by 46 bps to 0.0% in 2022, then surged by 50 bps to 0.0% in 2023, then tumbled by 11972612 bps to 174.47% in 2024, then surged by 99 bps to 0.99% in 2025.
• According to Business Quant data, Return on Invested Capital over the past three periods registered 0.99%, 0.51%, and 231.0% for Q4 2025, Q3 2025, and Q2 2025 respectively.

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