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 48.35%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%59.60%63.92%61.82%61.92%
EBT Margin -44.59%-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%-9.39%-1.17%-1.42%14.11%
EBIT Margin -60.31%-33.90%-20.10%-71.60%-54.91%-39.16%-36.82%-87.21%-55.10%-30.56%-19.42%-21.80%-31.34%-34.25%-15.65%-23.39%-19.69%-9.98%-7.21%-12.69%
EBITDA Margin -60.31%-33.90%-20.10%-71.60%-54.91%-39.16%-36.82%-87.21%-55.10%-30.56%-19.42%-21.80%-31.34%-34.25%-15.65%-23.39%-19.69%-9.98%-7.21%-12.69%
Operating Margin -60.31%-33.90%-20.10%-71.60%-54.91%-39.16%-36.82%-87.21%-55.10%-30.56%-19.42%-21.80%-31.34%-34.25%-15.65%-23.39%-19.69%-9.98%-7.21%-12.69%
Net Margin 21.24%16.60%15.52%-32.00%-49.80%-32.69%-56.38%-82.01%-56.73%-32.06%-15.62%-17.03%-26.28%-27.28%-8.19%-16.99%-768.67%-1.29%-33.29%18.11%
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 772.97M4,123.06M7,064.31M4,033.94M
Invested Capital 470.27M421.42M1,140.44M7,168.99M7,080.40M1,066.99M81.43M12.57M86.27M804.13M21.01M2.29M9.19M679.03M9.49M1.47M1.12M585.04M0.84M0.77M0.81M
Asset Utilization Ratio 1.730.410.280.590.660.710.760.800.890.941.031.051.110.882.771.460.44126.53127.21
Leverage & Solvency
Debt to Equity 0.030.020.010.010.010.010.000.040.00
Debt Ratio 0.020.010.010.010.010.010.010.010.010.000.000.000.000.030.000.000.000.000.000.000.00
Equity Ratio 0.810.730.850.830.800.770.740.690.73
Valuation
Enterprise Value -339.45M-293.69M-1080.59M-2199.08M-3949.44M-686.52M-5100.50M-731.26M-5473.64M-741.34M-5461.62M-691.73M-4418.83M-524.25M-3548.98M-511.58M-562.46M-623.47M-565.97M-550.56M-520.47M
Return Ratios
Return on Sales -0.45%-0.29%-0.17%-0.68%-0.50%-0.33%-0.37%-0.82%-0.57%-0.32%-0.16%-0.17%-0.26%-0.27%-0.08%-0.17%-7.69%-0.01%-0.94%-0.33%0.18%0.18%
Return on Capital Employed -0.97%-0.26%-0.16%-0.29%-0.56%-0.40%-0.65%-0.38%-0.49%-0.26%-0.52%-0.29%-0.58%-0.23%-0.72%-0.42%-0.07%-21.67%
Return on Invested Capital -0.94%-0.22%-0.16%-0.34%-12.75%-3.23%-2.30%-6.34%-9.12%-2.65%-2.97%-66.52%-90.88%-5.86%-68.13%-1,903.73%
Return on Assets -0.67%-0.17%-0.12%-0.25%-0.32%-0.36%-0.38%-0.34%-0.26%-0.21%-0.22%-0.20%-0.22%-0.41%-1.47%-1.37%-1.27%22.84%22.99%
Return on Equity -0.83%-0.20%-0.14%-0.32%