ATHMNYSEServices-Computer Processing & Data Preparation
Autohome Inc.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 15, 2026
$20.29+0.14 (+0.69%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
1433.9%+1345.0 pts over 5 years
Operating margin
236.3%+199.9 pts over 5 years
Net margin
443.2%+405.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +6.4% | +12.8% | -48.1% | -21.1% | |
| Gross profit | -16.0% | -6.5% | -9.5% | +5.3% | |
| Operating income | -23.3% | -14.9% | -24.6% | -4.3% | |
| Net income | -14.2% | -8.0% | -15.1% | +3.8% | |
| EPS, diluted | -12.0% | -6.8% | -15.6% | +3.2% | |
| Free cash flow | -37.4% | -32.0% | -24.1% | -5.6% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 21.9% | 20.3% | 6.1% | |
| Return on assets | 14.5% | 15.3% | 4.9% | |
| Current ratio | 2.92 | 4.39 | 6.00 | |
| Inventory turnover | 23.1× | – | – | |
| Capex to revenue | 1.5% | 3.0% | 36.3% | |
| Diluted shares | 464M | 480M | 472M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Autohome generated CN¥10.80B from operations and spent CN¥7.88B on capital expenditure, dividends and share buybacks. 9% of that went back into the business.
Generated
CN¥10.80B
Used
CN¥7.88B
Capital expenditureCN¥671.92M9%DividendsCN¥4.55B58%Share buybacksCN¥2.66B34%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin443.2%
×Asset turnover0.01×
×Equity multiplier1.25×
=Return on equity, FY20256.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 443.2% | 0.01× | 1.25× | 6.1% |
| FY2024 | 549.5% | 0.01× | 1.28× | 7.0% |
| FY2023 | 1440.2% | 0.00× | 1.27× | 8.1% |
| FY2022 | 818.9% | 0.01× | 1.25× | 8.0% |
| FY2021 | 539.2% | 0.02× | 1.30× | 11.2% |
| FY2020 | 37.8% | 0.40× | 1.33× | 20.3% |
| FY2019 | 38.0% | 0.48× | 1.36× | 24.8% |
| FY2018 | 39.7% | 0.52× | 1.47× | 30.1% |
| FY2017 | 32.2% | 0.57× | 1.52× | 28.0% |
| FY2016 | 20.6% | 0.70× | 1.51× | 21.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zeroCN¥1.44B
- Cash generatingOperating cash flow above zeroCN¥889.46M
- Return on assets improvedROA up on the prior year5.5% → 4.8%
- Earnings backed by cashOperating cash flow above net incomeCN¥889.46M vs CN¥1.44B
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose5.56 → 6.00
- No dilutionShare count did not rise487M → 472M
- Gross margin improvedGross margin up on the prior year1816.06% → 1433.88%
- More efficientAsset turnover rose0.01 → 0.01