Li Auto reported a gross margin of 11.05% and a net margin of -6.64% for the quarter ended Jun 2026. These financial ratios cover 29 quarters of results from Dec 2017 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | Dec2017 | Dec2018 | Dec2019 | Mar2020 | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | |||||||||||||||||||||||||||||
| Gross Margin | 23.30% | 22.41% | 22.63% | 21.51% | 12.65% | 20.21% | 20.39% | 21.76% | 22.04% | 23.45% | 20.61% | 19.50% | 21.52% | 20.26% | 20.51% | 20.06% | 16.33% | 17.83% | 7.87% | 11.05% | |||||||||
| EBT Margin | 1.30% | 2.66% | 0.20% | -7.39% | -18.22% | 0.95% | 5.18% | 8.21% | 8.51% | 10.01% | 2.64% | 3.72% | 7.93% | 9.17% | 2.99% | 4.26% | -2.70% | -0.10% | -11.32% | -7.59% | |||||||||
| EBIT Margin | -1.26% | 0.23% | -4.32% | -11.20% | -22.80% | -0.76% | 2.16% | 5.67% | 6.80% | 7.28% | -2.30% | 1.48% | 8.01% | 8.36% | 1.05% | 2.73% | -4.28% | -1.54% | -12.99% | -8.93% | |||||||||
| EBITDA Margin | -1.26% | 0.23% | -4.32% | -11.20% | -22.80% | -0.76% | 2.16% | 5.67% | 6.80% | 7.28% | -2.30% | 1.48% | 8.01% | 8.36% | 1.05% | 2.73% | -4.28% | -1.54% | -12.99% | -8.93% | |||||||||
| Operating Margin | -1.26% | 0.23% | -4.32% | -11.20% | -22.80% | -0.76% | 2.16% | 5.67% | 6.75% | 7.28% | -2.28% | 1.48% | 8.01% | 8.36% | 1.05% | 2.73% | -4.30% | -1.54% | -13.05% | -8.96% | |||||||||
| Net Margin | -0.28% | 2.78% | -0.11% | 5.04% | -14.21% | 1.69% | 5.10% | 7.58% | 8.20% | 13.65% | 2.31% | 3.48% | 6.56% | 7.96% | 2.51% | 3.61% | -2.55% | -1.15% | -10.66% | -6.64% | |||||||||
| FCF Margin | 40.82% | 57.04% | 33.11% | 21.02% | 10.08% | 37.36% | 47.33% | 45.54% | 45.92% | 47.81% | -6.42% | 3.15% | 30.32% | 25.53% | -3.36% | -7.38% | -21.37% | 15.90% | -20.77% | 5.17% | |||||||||
| Efficiency | |||||||||||||||||||||||||||||
| Inventory AverageInventory Avg. | 0.21B | 0.25B | 0.28B | 0.38B | 0.61B | 0.87B | 0.93B | 0.85B | 0.80B | 0.89B | 1.32B | 1.41B | 1.15B | 1.15B | 1.27B | 1.51B | 1.40B | 1.19B | 1.13B | 1.12B | |||||||||
| Assets AverageAssets Avg. | 8.04B | 9.42B | 5.07B | 5.65B | 10.98B | 11.65B | 12.93B | 13.96B | 15.34B | 18.20B | 20.33B | 20.35B | 21.01B | 22.33B | 22.45B | 22.41B | 22.01B | 21.63B | 21.36B | 20.85B | |||||||||
| Invested CapitalInvested Cap. | 0.01B | 0.02B | 0.06B | 0.07B | 0.05B | 0.12B | 0.87B | 0.87B | 0.97B | 1.00B | 0.13B | 0.13B | 0.04B | 0.03B | 0.89B | 0.88B | 0.88B | 0.89B | 0.04B | ||||||||||
| Asset Utilization RatioAsset Util. | 0.39 | 0.45 | 1.02 | 1.01 | 0.53 | 0.57 | 0.61 | 0.76 | 0.91 | 0.95 | 0.89 | 0.91 | 0.95 | 0.90 | 0.90 | 0.89 | 0.80 | 0.73 | 0.73 | 0.72 | |||||||||
| Leverage & Solvency | |||||||||||||||||||||||||||||
| Interest Coverage RatioInterest Cover | -5.21 | 2.50 | -56.40 | -199.03 | -254.80 | -14.63 | 27.13 | -237.04 | -199.98 | -222.05 | 20.45 | -10.83 | -63.37 | -59.96 | -5.63 | -16.62 | 36.04 | 11.83 | 73.76 | 19.79 | |||||||||
| Debt Ratio | 0.10 | 0.10 | 2.38 | 0.12 | 0.01 | 0.11 | 0.10 | 0.08 | 0.07 | 0.06 | 0.06 | 0.06 | 0.06 | 0.05 | 0.05 | 0.05 | 0.06 | 0.06 | 0.07 | 0.05 | |||||||||
| Times Interest Earned | -5.21 | 2.50 | -56.40 | -199.03 | -254.80 | -14.63 | 27.13 | -237.04 | -199.98 | -222.05 | 20.45 | -10.83 | -63.37 | -59.96 | -5.63 | -16.62 | 36.04 | 11.83 | 73.76 | 19.79 | |||||||||
| Valuation | |||||||||||||||||||||||||||||
| Enterprise Value | -5.56B | -2.31B | -5.90B | -5.49B | -6.10B | -0.08B | -6.55B | -8.54B | -10.24B | -0.10B | -11.85B | -11.10B | -11.00B | -9.11B | -7.27B | -6.88B | -7.13B | -7.95B | -6.12B | -5.82B | |||||||||
| Return Ratios | |||||||||||||||||||||||||||||
| Return on SalesROS | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||
| Return on Capital EmployedROCE | -2.27% | -2.09% | -5.55% | -7.45% | -6.41% | -6.79% | -5.06% | -0.47% | 7.91% | 12.78% | 9.07% | 6.24% | 7.94% | 7.71% | 8.35% | 9.22% | 3.75% | -0.59% | -4.13% | -7.79% | |||||||||
| Return on Invested CapitalROIC | -0.01% | 0.00% | -0.04% | -0.01% | -0.04% | -0.03% | -0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.02% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||
| Return on AssetsROA | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |