DIDIYOTCServices-Business Services, NECFiscal year ends December 31
DiDi Global Inc.
Financials through fiscal 2025, year ended Dec 31, 2025Last 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 2025
Gross margin
19.2%+8.0 pts over 5 years
Operating margin
-1.6%+8.1 pts over 5 years
Net margin
0.4%+7.9 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 | +9.6% | +17.2% | +9.8% | – | |
| Gross profit | +15.1% | +20.3% | +22.3% | – | |
| Net income | -21.1% | – | – | – | |
| EPS, diluted | -19.8% | – | – | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 1.0% | |
| Return on assets | – | – | 0.7% | |
| Current ratio | – | 2.60 | 1.36 | |
| Debt to equity | – | -0.02 | 0.13 | |
| Net debt to EBITDA | – | 2.10× | 14.62× | |
| Interest coverage | – | -101.1× | – | |
| Inventory turnover | – | – | – | |
| Capex to revenue | – | 4.1% | – | |
| Diluted shares | – | 107M | 1.22B |
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 margin0.4%
×Asset turnover1.50×
×Equity multiplier1.53×
=Return on equity, FY20251.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 0.4% | 1.50× | 1.53× | 1.0% |
| 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 2025 against fiscal 2024
7of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zeroCN¥992.65M
- Cash generatingOperating cash flow above zeroCN¥9.82B
- Return on assets improvedROA up on the prior year0.9% → 0.7%
- Earnings backed by cashOperating cash flow above net incomeCN¥9.82B vs CN¥992.65M
- Less leverageLong-term debt to assets fell0.5% → 0.1%
- Better liquidityCurrent ratio rose1.61 → 1.36
- No dilutionShare count did not rise1.25B → 1.22B
- Gross margin improvedGross margin up on the prior year18.28% → 19.19%
- More efficientAsset turnover rose1.44 → 1.58