EHang Holdings Limited (EH) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
EHang Holdings Limited (EH) stock price & volume — 10-year historical chart
EHang Holdings Limited (EH) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
EHang Holdings Limited (EH) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 12, 2026 | $0.04vs $0.06+166.7% | $35Mvs $28M+22.9% |
| Q4 2025 | Nov 26, 2025 | $0.04vs $0.02-300.0% | $13Mvs $198M-93.4% |
| Q3 2025 | Aug 26, 2025 | $0.02vs $0.10+119.3% | $21Mvs $152M-86.5% |
| Q2 2025 | May 26, 2025 | $0.06vs $1.06+94.3% | $4Mvs $206M-98.3% |
EHang Holdings Limited (EH) competitors in Drones, Autonomy and eVTOL — business model, growth, and fundamentals comparison
EHang Holdings Limited (EH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
EHang Holdings Limited (EH) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 30.9M | 69.08M | 121.49M | 170.26M | 56.07M | 45.1M | 117.41M | 462.62M | 431.18M |
| Revenue Growth % | - | 123.58% | 75.86% | 40.15% | -67.07% | -19.58% | 160.36% | 294.02% | 24.9% |
| Cost of Goods Sold | 26.82M | 34.02M | 50.46M | 69.88M | 20.51M | 25.99M | 52.79M | 188.74M | 166.24M |
| COGS % of Revenue | 86.8% | 49.24% | 41.54% | 41.04% | 36.57% | 57.64% | 44.96% | 40.8% | - |
| Gross Profit | 4.08M▲ 0% | 35.06M▲ 759.7% | 71.03M▲ 102.6% | 100.38M▲ 41.3% | 35.56M▼ 64.6% | 19.1M▼ 46.3% | 64.62M▲ 238.3% | 273.87M▲ 323.8% | 264.95M▲ 0% |
| Gross Margin % | 13.2% | 50.76% | 58.46% | 58.96% | 63.43% | 42.36% | 55.04% | 59.2% | 61.45% |
| Gross Profit Growth % | - | 759.66% | 102.56% | 41.33% | -64.57% | -46.29% | 238.3% | 323.81% | - |
| Operating Expenses | 131.03M | 120.93M | 120.64M | 192.91M | 363M | 334.59M | 367.07M | 561.84M | 597.49M |
| OpEx % of Revenue | 424.08% | 175.06% | 99.31% | 113.3% | 647.39% | 741.96% | 312.64% | 121.45% | - |
| Selling, General & Admin | 64.09M | 58.3M | 63.63M | 93.41M | 227.63M | 197.14M | 199.77M | 359.55M | 395.73M |
| SG&A % of Revenue | 207.43% | 84.4% | 52.38% | 54.86% | 405.97% | 437.16% | 170.15% | 77.72% | - |
| Research & Development | 66.94M | 62.63M | 57.01M | 99.51M | 135.37M | 137.45M | 167.29M | 202.29M | 201.76M |
| R&D % of Revenue | 216.66% | 90.66% | 46.93% | 58.44% | 241.43% | 304.81% | 142.49% | 43.73% | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -126.95M▲ 0% | -85.87M▲ 32.4% | -49.62M▲ 42.2% | -92.53M▼ 86.5% | -327.44M▼ 253.9% | -315.49M▲ 3.6% | -302.44M▲ 4.1% | -287.97M▲ 4.8% | -332.54M▲ 0% |
| Operating Margin % | -410.88% | -124.3% | -40.84% | -54.35% | -583.97% | -699.61% | -257.6% | -62.25% | -77.12% |
| Operating Income Growth % | - | 32.36% | 42.21% | -86.48% | -253.88% | 3.65% | 4.13% | 4.79% | - |
| EBITDA | -122.62M | -80.05M | -43.96M | -86.68M | -319.77M | -294.23M | -281.09M | -267.89M | -277.08M |
| EBITDA Margin % | -396.87% | -115.87% | -36.19% | -50.91% | -570.29% | -652.46% | -239.41% | -57.91% | -64.26% |
| EBITDA Growth % | - | 34.72% | 45.08% | -97.17% | -268.93% | 7.99% | 4.47% | 4.7% | -11.68% |
| D&A (Non-Cash Add-back) | 4.33M | 5.82M | 5.66M | 5.85M | 7.67M | 21.26M | 21.36M | 20.08M | 0 |
| EBIT | -79.34M | -82.77M | -46.2M | -84.84M | -307.65M | -331.35M | -285.58M | -225.06M | -277.08M |
| Net Interest Income | 174K | 493K | 46K | 1.46M | 3.34M | 850K | -6.47M | 27.22M | 44.73M |
| Interest Income | 174K | 1.06M | 883K | 3.79M | 5.14M | 4.67M | 8.48M | 30.6M | 49.49M |
| Interest Expense | 0 | 564K | 837K | 2.34M | 1.8M | 3.82M | 14.95M | 3.38M | 4.76M |
| Other Income/Expense | 47.61M | 2.34M | 2.51M | 5.71M | 17.74M | -19.55M | 349.95K | 55.07M | 44.53M |
| Pretax Income | -79.34M▲ 0% | -83.52M▼ 5.3% | -47.11M▲ 43.6% | -86.82M▼ 84.3% | -309.7M▼ 256.7% | -335.03M▼ 8.2% | -302.09M▲ 9.8% | -232.9M▲ 22.9% | -288.01M▲ 0% |
| Pretax Margin % | -256.79% | -120.91% | -38.78% | -50.99% | -552.33% | -742.95% | -257.3% | -50.34% | -66.79% |
| Income Tax | 5.05M | 78.96K | 751.96K | 194.75K | 132.26K | 80.39K | 205.97K | 391.46K | 293.6K |
| Effective Tax Rate % | -6.37% | -0.09% | -1.6% | -0.22% | -0.04% | -0.02% | -0.07% | -0.17% | -0.1% |
| Net Income | -92.61M▲ 0% | -82.2M▲ 11.2% | -48.41M▲ 41.1% | -82.84M▼ 71.1% | -309.89M▼ 274.1% | -333.99M▼ 7.8% | -301.66M▲ 9.7% | -233.03M▲ 22.7% | -287.8M▲ 0% |
| Net Margin % | -299.73% | -118.99% | -39.85% | -48.65% | -552.68% | -740.62% | -256.93% | -50.37% | -66.75% |
| Net Income Growth % | - | 11.24% | 41.1% | -71.1% | -274.11% | -7.77% | 9.68% | 22.75% | -13.63% |
| Net Income (Continuing) | -84.4M | -83.6M | -47.86M | -87.02M | -309.83M | -335.12M | -302.3M | -233.29M | -288.3M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 580K | 3.23M | 3.78M | 1.38M | 1.45M | 420K | 427K | 171K | -633K |
| EPS (Diluted) | -1.64▲ 0% | -1.48▲ 9.8% | -0.88▲ 40.5% | -1.68▼ 90.9% | -5.56▼ 231.0% | -5.74▼ 3.2% | -4.96▲ 13.6% | -6.84▼ 37.9% | -7.75▲ 0% |
| EPS Growth % | - | 9.76% | 40.54% | -90.91% | -230.95% | -3.24% | 13.59% | -37.9% | -97.01% |
| EPS (Basic) | -1.64 | -1.48 | -0.88 | -1.68 | -5.56 | -5.74 | -4.96 | -6.84 | - |
| Diluted Shares Outstanding | 53.52M | 53.52M | 54.73M | 54.78M | 56.49M | 57.35M | 60.75M | 33.59M | 37.15M |
| Basic Shares Outstanding | 53.52M | 53.52M | 54.73M | 54.78M | 56.49M | 57.35M | 60.75M | 33.59M | 37.15M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
EHang Holdings Limited (EH) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 130.35M | 101.75M | 428.51M | 424.46M | 477.15M | 387.15M | 453.05M | 1.36B | 1.54B |
| Cash & Short-Term Investments | 100.45M | 61.52M | 329.34M | 187.11M | 311.97M | 249.31M | 300.14M | 1.12B | 1.1B |
| Cash Only | 61.45M | 61.52M | 321.66M | 137.84M | 246.86M | 249.31M | 228.25M | 610.88M | 227.18M |
| Short-Term Investments | 39M | 0 | 7.67M | 49.27M | 65.11M | 0 | 71.89M | 513.68M | 869.66M |
| Accounts Receivable | 6.25M | 20.95M | 60.12M | 163.86M | 74.04M | 31.1M | 45.97M | 80.89M | 164.34M |
| Days Sales Outstanding | 73.81 | 110.69 | 180.64 | 351.28 | 481.94 | 251.71 | 142.91 | 63.82 | 83.57 |
| Inventory | 1.4M | 3.92M | 18.49M | 47.09M | 78.08M | 72.36M | 59.49M | 75.69M | 107.74M |
| Days Inventory Outstanding | 19.03 | 42.03 | 133.75 | 245.99 | 1.39K | 1.02K | 411.33 | 146.37 | 219.29 |
| Other Current Assets | 2.75M | 3.29M | 4.76M | 11.35M | 1.85M | 16.32M | 38.58M | 31.02M | 174.2M |
| Total Non-Current Assets | 22.95M | 22.92M | 20.9M | 60.09M | 58.28M | 143.71M | 145.6M | 227.48M | 384.38M |
| Property, Plant & Equipment | 19.5M | 19.06M | 16.27M | 20.87M | 33.82M | 120.54M | 119.15M | 188.66M | 291.11M |
| Fixed Asset Turnover | 1.58x | 3.62x | 7.47x | 8.16x | 1.66x | 0.37x | 0.99x | 2.45x | 1.74x |
| Goodwill | 0 | 0 | 937K | 942K | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 531K | 395K | 272K | 120K | 745K | 1.96M | 2.43M | 2.62M | 2.76M |
| Long-Term Investments | 2.92M | 3.06M | 2.98M | 2.92M | 6.14M | 9.84M | 18.37M | 33.76M | 186.83M |
| Other Non-Current Assets | 531K | 272K | 252K | 20.3M | 2.37M | 11.37M | 5.65M | 2.44M | 49.4M |
| Total Assets | 153.3M▲ 0% | 124.67M▼ 18.7% | 449.41M▲ 260.5% | 484.55M▲ 7.8% | 535.43M▲ 10.5% | 530.87M▼ 0.9% | 598.64M▲ 12.8% | 1.58B▲ 164.7% | 1.93B▲ 0% |
| Asset Turnover | 0.20x | 0.55x | 0.27x | 0.35x | 0.10x | 0.08x | 0.20x | 0.29x | 0.25x |
| Asset Growth % | - | -18.67% | 260.48% | 7.82% | 10.5% | -0.85% | 12.77% | 164.68% | 408.49% |
| Total Current Liabilities | 32.95M | 56.84M | 95.6M | 158.05M | 136.45M | 282.34M | 250.07M | 470.34M | 662.69M |
| Accounts Payable | 15.88M | 18.23M | 30.08M | 60.41M | 45.56M | 35.46M | 35.1M | 127.45M | 133.22M |
| Days Payables Outstanding | 216.18 | 195.66 | 217.59 | 315.52 | 810.87 | 497.88 | 242.7 | 246.46 | 302.07 |
| Short-Term Debt | 0 | 12.26M | 5M | 45M | 13M | 120.79M | 73.34M | 74.75M | 247.88M |
| Deferred Revenue (Current) | 1.29M | 5.99M | 10M | 8.32M | 16.03M | 22.81M | 41.87M | 70.27M | 197.18M |
| Other Current Liabilities | 1.02M | 85K | 4.63M | 5.42M | 8.58M | 31.31M | 20.01M | -93.91M | 0 |
| Current Ratio | 3.96x | 1.79x | 4.48x | 2.69x | 3.50x | 1.37x | 1.81x | 2.89x | 2.89x |
| Quick Ratio | 3.91x | 1.72x | 4.29x | 2.39x | 2.92x | 1.11x | 1.57x | 2.72x | 2.72x |
| Cash Conversion Cycle | -123.34 | -42.94 | 96.79 | 281.75 | 1.06K | 769.97 | 311.54 | -36.28 | 0.79 |
| Total Non-Current Liabilities | 610.23M | 610.14M | 38.46M | 48.8M | 64.94M | 123.85M | 134.35M | 158.34M | 212.66M |
| Long-Term Debt | 0 | 0 | 32.53M | 0 | 17M | 3.85M | 9.31M | 20.5M | 87.6M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 69.91M | 75.31M | 125.72M | 479.38M |
| Deferred Tax Liabilities | 292K | 292K | 292K | 292K | 292K | 292K | 292K | 292K | 1.17M |
| Other Non-Current Liabilities | 609.63M | 609.63M | 5.49M | 45.48M | 45.48M | 46.87M | 47.96M | 11.83M | 39.21M |
| Total Liabilities | 643.17M | 666.99M | 134.06M | 206.85M | 201.39M | 406.19M | 384.43M | 628.68M | 875.35M |
| Total Debt | 0 | 12.26M | 37.53M | 45M | 30M | 200.06M | 163.55M | 233.5M | 468.22M |
| Net Debt | -61.45M | -49.26M | -284.13M | -92.84M | -216.86M | -49.24M | -64.7M | -377.38M | 241.03M |
| Debt / Equity | - | - | 0.12x | 0.16x | 0.09x | 1.60x | 0.76x | 0.24x | 0.24x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | -1.69x |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | -0.87x |
| Interest Coverage | - | -152.24x | -59.28x | -39.59x | -181.61x | -82.61x | -20.23x | -85.32x | -58.21x |
| Total Equity | -489.88M▲ 0% | -542.32M▼ 10.7% | 315.36M▲ 158.1% | 277.7M▼ 11.9% | 334.05M▲ 20.3% | 124.68M▼ 62.7% | 214.22M▲ 71.8% | 955.81M▲ 346.2% | 1.05B▲ 0% |
| Equity Growth % | - | -10.7% | 158.15% | -11.94% | 20.29% | -62.68% | 71.82% | 346.19% | 777.35% |
| Book Value per Share | -9.15 | -10.13 | 5.76 | 5.07 | 5.91 | 2.17 | 3.53 | 28.45 | 28.32 |
| Total Shareholders' Equity | -490.46M | -545.55M | 311.57M | 276.32M | 332.6M | 124.26M | 213.79M | 955.64M | 1.05B |
| Common Stock | 35K | 35K | 72K | 72K | 75K | 75K | 80K | 90K | 92K |
| Retained Earnings | -564.62M | -644.08M | -720.42M | -808.04M | -1.12B | -1.45B | -1.75B | -1.98B | -2.23B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -10.09M | -10.09M |
| Accumulated OCI | 7.27M | 9.33M | 11.23M | 2.98M | -4.7M | 16.2M | 15.08M | 25.54M | 14.2M |
| Minority Interest | 580K | 3.23M | 3.78M | 1.38M | 1.45M | 420K | 427K | 171K | -633K |
EHang Holdings Limited (EH) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -38.43M | -43.41M | -55.09M | -151.7M | -121.63M | -173.46M | -88.41M | 157.96M | 157.96M |
| Operating CF Margin % | -124.38% | -62.84% | -45.35% | -89.1% | -216.92% | -384.65% | -75.3% | 34.14% | - |
| Operating CF Growth % | - | -12.95% | -26.91% | -175.35% | 19.82% | -42.61% | 49.03% | 278.67% | 0% |
| Net Income | -86.58M | -80.46M | -47.99M | -92.04M | -313.9M | -329.33M | -301.7M | -229.78M | -287.8M |
| Depreciation & Amortization | 4.44M | 5.6M | 5.67M | 6.19M | 7.77M | 20.89M | 21.36M | 19.8M | 0 |
| Stock-Based Compensation | 32.16M | 22.3M | 14.75M | 54.86M | 121.13M | 96.52M | 151.49M | 273.12M | 268.39M |
| Deferred Taxes | 292K | -135K | -49K | 184K | 60.07M | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -2.85M | 8.55M | 721K | 15.61M | -1.37M | 48.47M | 23.48M | 6.73M | 19.5M |
| Working Capital Changes | 14.09M | 735K | -28.19M | -136.49M | 4.66M | -10.01M | 16.97M | 88.08M | 0 |
| Change in Receivables | 2.19M | 3.44M | -39.03M | -150.92M | 39.34M | -10.07M | -20.52M | -30.09M | 0 |
| Change in Inventory | 25.59M | -2.52M | -12.3M | -29.27M | -35.97M | -3.26M | 7.82M | -21.59M | 0 |
| Change in Payables | -18.39M | 917K | 10.36M | 26.61M | -7.75M | -10.1M | 5.45M | 92.34M | 0 |
| Cash from Investing | -51.07M | 25.75M | -11.41M | -66.21M | -33.4M | 56.4M | -128.69M | -482.51M | 0 |
| Capital Expenditures | -11.81M | -4.95M | -3.74M | -9.08M | -15.7M | -13.82M | -9.09M | -38.97M | 0 |
| CapEx % of Revenue | 38.22% | 7.16% | 3.08% | 5.33% | 27.99% | 30.64% | 7.74% | 8.42% | - |
| Acquisitions | -258K | 19K | -1.42M | -54K | 51K | 0 | -6.92M | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | -19K | 1.42M | -13.71M | -51K | 188K | -30.48M | 591.88M | 0 |
| Cash from Financing | 34.3M | 16M | 325.3M | 42.68M | 266.95M | 106.74M | 195.48M | 701.36M | 0 |
| Debt Issued (Net) | 0 | 12M | 25M | 8M | 10M | 36.79M | -54.72M | 13.31M | 0 |
| Equity Issued (Net) | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -10.09M | 0 |
| Other Financing | 0 | 4M | 5K | 27.37M | 2K | 85K | 0 | 0 | 0 |
| Net Change in Cash | -47.52M▲ 0% | 64K▲ 100.1% | 260.14M▲ 406373.4% | -181.49M▼ 169.8% | 106.85M▲ 158.9% | 2.29M▼ 97.9% | -21.06M▼ 1020.9% | 382.63M▲ 1916.8% | 0▲ 0% |
| Free Cash Flow | -50.24M▲ 0% | -48.36M▲ 3.7% | -58.83M▼ 21.7% | -160.78M▼ 173.3% | -137.32M▲ 14.6% | -187.28M▼ 36.4% | -97.5M▲ 47.9% | 118.99M▲ 222.0% | 0▲ 0% |
| FCF Margin % | -162.61% | -70% | -48.43% | -94.43% | -244.91% | -415.29% | -83.04% | 25.72% | - |
| FCF Growth % | - | 3.75% | -21.66% | -173.28% | 14.59% | -36.38% | 47.94% | 222.05% | - |
| FCF per Share | -0.94 | -0.90 | -1.07 | -2.93 | -2.43 | -3.27 | -1.60 | 3.54 | 3.54 |
| FCF Conversion (FCF/Net Income) | 0.41x | 0.53x | 1.14x | 1.83x | 0.39x | 0.52x | 0.29x | -0.68x | -0.00x |
| Interest Paid | 0 | 307K | 249K | 342K | 1.18M | 1.5M | 2.18M | 3.4M | 0 |
| Taxes Paid | 0 | 680K | 130K | 40K | 342K | 79K | 184K | 101K | 0 |
EHang Holdings Limited (EH) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | -15.35% | -27.94% | -101.31% | -145.62% | -178.02% | -39.83% | -29.22% |
| Return on Invested Capital (ROIC) | - | -119.17% | -64.23% | -162.61% | -245.69% | -201.68% | -59.34% | -59.34% |
| Gross Margin | 50.76% | 58.46% | 58.96% | 63.43% | 42.36% | 55.04% | 59.2% | 61.45% |
| Net Margin | -118.99% | -39.85% | -48.65% | -552.68% | -740.62% | -256.93% | -50.37% | -66.75% |
| Debt / Equity | - | 0.12x | 0.16x | 0.09x | 1.60x | 0.76x | 0.24x | 0.24x |
| Interest Coverage | -152.24x | -59.28x | -39.59x | -181.61x | -82.61x | -20.23x | -85.32x | -58.21x |
| FCF Conversion | 0.53x | 1.14x | 1.83x | 0.39x | 0.52x | 0.29x | -0.68x | -0.00x |
| Revenue Growth | 123.58% | 75.86% | 40.15% | -67.07% | -19.58% | 160.36% | 294.02% | 24.9% |
EHang Holdings Limited (EH) stock FAQ — growth, dividends, profitability & financials explained
EHang Holdings Limited (EH) reported $431.2M in revenue for fiscal year 2024. This represents a 1296% increase from $30.9M in 2017.
EHang Holdings Limited (EH) grew revenue by 294.0% over the past year. This is strong growth.
EHang Holdings Limited (EH) reported a net loss of $287.8M for fiscal year 2024.
EHang Holdings Limited (EH) has a return on equity (ROE) of -39.8%. Negative ROE indicates the company is unprofitable.
EHang Holdings Limited (EH) generated $119.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
EHang Holdings Limited (EH) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates