DIDIYOTCServices-Business Services, NECFiscal year ends December 31
DiDi Global Inc.
Financials through fiscal 2024, year ended Dec 31, 2024Last filing: 20-F on Apr 13, 2026
$3.19−0.11 (-3.33%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2018 to 2024
Gross margin
18.3%+8.5 pts over 5 years
Operating margin
0.9%+6.1 pts over 5 years
Net margin
0.6%+6.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2024
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +7.5% | +6.0% | +6.0% | – | |
| Gross profit | +28.3% | +30.6% | +20.1% | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2019 | FY2024 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 1.3% | |
| Return on assets | – | – | 0.9% | |
| Current ratio | – | – | 1.61 | |
| Debt to equity | – | – | 0.12 | |
| Net debt to EBITDA | – | – | -0.21× | |
| Interest coverage | – | -114.0× | – | |
| Inventory turnover | – | – | – | |
| Capex to revenue | – | 1.5% | – | |
| Diluted shares | – | 101M | 1.25B |
Cash use needs five years of cash flow figures
DiDi Global does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin0.6%
×Asset turnover1.44×
×Equity multiplier1.46×
=Return on equity, FY20241.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2024 | 0.6% | 1.44× | 1.46× | 1.3% |
| FY2023 | -2.5% | 1.40× | 1.37× | -4.8% |
| FY2022 | -8.3% | 0.99× | 1.32× | -10.9% |
| FY2021 | -28.4% | 1.16× | 8.07× | -264.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2024 against fiscal 2023
7of 9 tests passed in fiscal 2024. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zeroCN¥1.26B
- Cash generatingOperating cash flow above zeroCN¥6.45B
- Return on assets improvedROA up on the prior year-3.6% → 0.9%
- Earnings backed by cashOperating cash flow above net incomeCN¥6.45B vs CN¥1.26B
- Less leverageLong-term debt to assets fell0.7% → 0.5%
- Better liquidityCurrent ratio rose1.54 → 1.61
- No dilutionShare count did not rise1.22B → 1.25B
- Gross margin improvedGross margin up on the prior year15.32% → 18.28%
- More efficientAsset turnover rose1.46 → 1.44