Zhihu Ratios (2019-2025) | ZH

Ratios Dec2019 Jun2020 Sep2020 Dec2020 Mar2021 Jun2021 Sep2021 Dec2021 Mar2022 Jun2022 Sep2022 Dec2022 Mar2023 Jun2023 Sep2023 Dec2023 Mar2024 Jun2024 Sep2024 Dec2024 Mar2025 Jun2025 Sep2025
Profitability
Gross Margin 41.59%57.48%64.08%57.01%58.99%51.59%47.08%45.15%47.80%48.74%56.42%51.52%53.83%53.66%59.13%56.56%56.56%63.92%63.37%61.82%62.52%
EBT Margin -106.63%-28.65%-17.23%-67.77%-50.05%-32.73%-37.31%-82.33%-57.49%-32.35%-15.87%-17.52%-26.50%-27.26%-8.62%-17.12%-17.12%-1.17%12.58%-1.42%14.11%
EBIT Margin -112.10%-33.90%-20.10%-71.60%-54.91%-39.16%-36.82%-87.21%-55.10%-30.56%103.68%-21.80%13.57%-34.25%65.28%136.51%-23.39%-9.98%1.58%-7.21%-0.01%
EBITDA Margin -112.10%-33.90%-20.10%-71.60%-54.91%-39.16%-36.82%-87.21%-55.10%-30.56%103.68%-21.80%13.57%-34.25%65.28%136.51%-23.39%-9.98%1.58%-7.21%-0.01%
Operating Margin -112.10%-33.90%-20.10%-71.60%-54.91%-39.16%-36.82%-87.21%-55.10%-30.56%103.68%-21.80%13.57%-34.25%65.28%136.51%-23.39%-9.98%1.58%-7.21%-0.01%
Net Margin -194.96%-73.91%-49.99%-103.55%-50.30%-32.77%-37.61%-82.65%-58.25%-32.92%-16.13%-18.24%-26.80%-27.26%-9.12%-17.16%-17.16%-1.24%12.90%-1.38%10.11%
Efficiency
Assets Average 947.45M4,958.94M8,663.10M5,056.42M4,891.09M4,826.92M4,614.33M4,528.13M4,341.74M4,329.85M4,050.49M3,996.02M3,739.58M3,687.95M848.37M827.17M790.63M792.67M787.48M
Equity Average 3,707.57M3,634.89M3,413.03M3,359.07M3,166.30M3,134.57M2,859.53M2,817.44M2,580.28M2,556.53M612.33M601.64M578.64M580.26M583.15M
Invested Capital 13.65M-769.33M8.98M54.32M66.44M1,066.99M6,442.66M921.12M6,003.77M804.13M5,552.96M739.46M4,991.06M679.03M4,517.06M606.96M620.28M585.04M574.02M588.12M579.75M
Asset Utilization Ratio 1.660.410.280.590.660.710.760.800.890.941.031.051.1136.84159.07161.90295.12253.16
Leverage & Solvency
Debt to Equity -0.010.010.010.010.010.000.000.000.000.040.000.000.000.000.000.000.00
Debt Ratio 0.010.010.010.010.010.010.010.010.000.000.000.000.030.000.000.000.000.000.000.00
Equity Ratio -1.370.770.760.730.740.740.730.700.710.690.690.720.720.730.730.730.75
Valuation
Enterprise Value -339.45M-302.36M3,452.89M3,546.38M1,472.91M2,584.07M-3663.64M344.47M-4798.59M55.88M-4658.06M-91.19M-3786.37M-117.24M-3150.87M-255.37M-204.09M-306.52M-201.23M-226.18M-113.58M
Market Capitalization 4,533.48M5,745.46M5,422.35M3,270.59M1,436.85M1,075.73M675.06M797.22M803.56M600.54M632.46M407.01M398.11M256.21M358.36M316.95M364.74M324.38M406.89M
Return Ratios
Return on Sales -0.46%-0.42%-0.41%-0.44%-0.49%-0.51%-0.50%-0.43%-0.29%-0.22%-0.22%-0.19%-0.19%-0.17%-0.17%-0.17%-0.10%0.06%
Return on Capital Employed -1.04%-0.26%-0.16%-0.29%-0.56%-0.40%-0.65%-0.05%0.08%0.20%0.34%0.09%1.00%-8.49%-47.17%-48.37%-65.25%-12.37%-12.06%
Return on Invested Capital 2.07%-29.19%-18.49%-2.44%-0.45%-0.49%-0.50%-0.07%0.06%0.25%0.11%0.70%-11.36%-46.89%-48.97%-65.68%-12.43%
Return on Assets -0.76%-0.17%-0.12%-0.25%-0.32%-0.36%-0.38%-0.34%-0.26%-0.21%-0.22%-0.20%-0.22%-6.26%-26.88%-27.45%-30.35%15.95%16.04%
Return on Equity -0.42%-0.48%-0.51%-0.46%-0.35%-0.29%-0.31%-0.29%-0.31%-9.03%-37.24%-37.73%-41.46%21.79%21.66%