VIOTNasdaqHousehold AppliancesFiscal year ends December 31
Viomi Technology Co., Ltd
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 22, 2026
$1.46+0.04 (+2.82%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2015 to 2025
Gross margin
25.3%+6.7 pts over 5 years
Operating margin
5.3%
Net margin
–
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +14.6% | +10.7% | -16.1% | – | |
| Gross profit | +12.1% | +1.1% | -10.7% | – | |
| Operating income | -17.8% | +33.0% | – | – | |
| EPS, diluted | +116.1% | – | -3.5% | – | |
| Free cash flow | -83.5% | – | -3.8% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 12.0% | – | |
| Return on assets | – | 5.6% | – | |
| Current ratio | – | 1.79 | 2.60 | |
| Debt to equity | – | – | 0.08 | |
| Net debt to EBITDA | – | – | -4.04× | |
| Inventory turnover | – | 11.1× | 15.2× | |
| Capex to revenue | 0.5% | 0.8% | 1.7% | |
| Diluted shares | 12M | 216M | 211M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Viomi Technology generated CN¥1.57B from operations and spent CN¥471.46M on capital expenditure, dividends and share buybacks. 90% of that went back into the business.
Generated
CN¥1.57B
Used
CN¥471.46M
Capital expenditureCN¥422.97M90%DividendsCN¥00%Share buybacksCN¥48.49M10%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-5.2%
×Asset turnover0.58×
×Equity multiplier2.03×
=Return on equity, FY2023-6.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2023 | -5.2% | 0.58× | 2.03× | -6.1% |
| FY2022 | -15.4% | 0.58× | 2.00× | -17.9% |
| FY2021 | 1.7% | 1.64× | 2.03× | 5.6% |
| FY2020 | 3.0% | 1.88× | 2.14× | 12.0% |
| FY2019 | 6.3% | 1.88× | 2.03× | 24.0% |
| FY2018 | 2.6% | 1.97× | 2.89× | 14.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zeroCN¥154.64M
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net incomeCN¥154.64M vs –
- Less leverageLong-term debt to assets fell2.9% → 2.2%
- Better liquidityCurrent ratio rose2.07 → 2.60
- No dilutionShare count did not rise207M → 211M
- Gross margin improvedGross margin up on the prior year25.89% → 25.33%
- More efficientAsset turnover rose0.77 → 0.94