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Viomi Technology Co., Ltd (VIOT) 10-Year Financial Performance & Capital Metrics

VIOT • • Industrial / General
Consumer CyclicalHome FurnishingsAppliances & Home ElectronicsSmart Home & Cleaning Devices
AboutViomi Technology Co., Ltd, through its subsidiaries, develops and sells Internet-of-things-enabled (IoT-enabled) smart home products in the People's Republic of China. The company offers IoT-enabled smart home products, including smart water purification systems; smart kitchen products, such as refrigerators, oven steamers, dishwashers, range hoods, and gas stoves; and other smart products comprising air conditioning systems, washing machines, water heaters, smart water kettles, sweeper robots, smart locks, smart TV, and other smart devices. It also provides a suite of complementary consumable products and small appliances, such as blenders, portable fans, rice cookers, water quality meters, water filter pitchers, stainless-steel insulated water bottles, smart toilet, and food waste disposals; and value-added services. The company sells its products directly to consumers through its online platform, Viomi mobile app, and e-commerce channels, including Youpin, JD.com, Tmall, Pinduoduo, and Suning, as well as offline experience stores. Viomi Technology Co., Ltd has a strategic partnership with Xiaomi Corporation. The company was founded in 2014 and is headquartered in Guangzhou, China.Show more
  • Revenue $2.12B -15.0%
  • EBITDA $221M +507.6%
  • Net Income $63M +174.9%
  • EPS (Diluted) 2.13 +273.2%
  • Gross Margin 25.89% +13.4%
  • EBITDA Margin 10.44% +579.6%
  • Operating Margin 7.38% +254.4%
  • Net Margin 2.99% +188.1%
  • ROE 4.54% +174.3%
  • ROIC 13.82% +251.2%
  • Debt/Equity 0.11 -43.7%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 7/9
  • ✓FCF machine: 32.4% free cash flow margin
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Trading at only 0.1x book value

✗Weaknesses

  • ✗Profits declining 26.3% over 5 years
  • ✗Weak momentum: RS Rating 8 (bottom 8%)
  • ✗Sales declining 14.5% over 5 years
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-14.54%
3Y-26.35%
TTM-28.55%

Profit (Net Income) CAGR

10Y-
5Y-26.33%
3Y-10.55%
TTM170.96%

EPS CAGR

10Y-
5Y-12.06%
3Y21.08%
TTM169.73%

ROCE

10Y Avg13.86%
5Y Avg4.48%
3Y Avg1.96%
Latest10.32%

Peer Comparison

Smart Home & Cleaning Devices
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
VIOTViomi Technology Co., Ltd50.56M1.500.70-15.02%5.02%8.07%100%0.11
IRBTiRobot Corporation6.05M0.19-0.04-23.44%-38.16%-112.92%3.71

Profit & Loss

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+312.57M873.22M2.56B4.65B5.83B5.3B1.79B2.49B2.12B
Revenue Growth %-1.79%1.93%0.81%0.25%-0.09%-0.66%0.39%-0.15%
Cost of Goods Sold+232.54M598.04M1.84B3.57B4.74B4.11B1.2B1.92B1.57B
COGS % of Revenue0.74%0.68%0.72%0.77%0.81%0.77%0.67%0.77%0.74%
Gross Profit+80.03M275.18M717.8M1.08B1.08B1.2B594.5M569.52M548.71M
Gross Margin %0.26%0.32%0.28%0.23%0.19%0.23%0.33%0.23%0.26%
Gross Profit Growth %-2.44%1.61%0.51%0%0.11%-0.5%-0.04%-0.04%
Operating Expenses+65.24M171.86M639.32M771.34M898.98M1.13B539.85M688.67M392.37M
OpEx % of Revenue0.21%0.2%0.25%0.17%0.15%0.21%0.3%0.28%0.19%
Selling, General & Admin35.31M111.11M515.09M602.27M666.09M848.74M342.8M483.27M281.98M
SG&A % of Revenue0.11%0.13%0.2%0.13%0.11%0.16%0.19%0.19%0.13%
Research & Development29.93M60.75M124.23M204.94M265.68M311.79M209.96M222.91M142.88M
R&D % of Revenue0.1%0.07%0.05%0.04%0.05%0.06%0.12%0.09%0.07%
Other Operating Expenses-481K02.08M-35.88M-32.8M-27.13M-12.91M-17.51M-32.49M
Operating Income+14.31M105.56M80.31M311.07M183.98M64.67M54.66M-119.16M156.33M
Operating Margin %0.05%0.12%0.03%0.07%0.03%0.01%0.03%-0.05%0.07%
Operating Income Growth %-6.38%-0.24%2.87%-0.41%-0.65%-0.15%-3.18%2.31%
EBITDA+15.53M107.24M82.58M334.65M238.25M136.82M94.71M-54.27M221.22M
EBITDA Margin %0.05%0.12%0.03%0.07%0.04%0.03%0.05%-0.02%0.1%
EBITDA Growth %-5.91%-0.23%3.05%-0.29%-0.43%-0.31%-1.57%5.08%
D&A (Non-Cash Add-back)1.22M1.68M2.27M23.58M54.27M72.15M40.05M64.88M64.88M
EBIT15.5M109.23M89.74M311.07M183.98M64.67M54.66M-119.16M156.33M
Net Interest Income+-1.49M-1.27M-333K26.11M31.97M28.59M10.37M29.89M5.26M
Interest Income00026.11M31.97M28.59M10.37M29.89M5.26M
Interest Expense1.49M1.27M333K000000
Other Income/Expense-296K2.4M9.1M27.95M33.79M29.96M12.99M31.56M5.26M
Pretax Income+14.01M107.96M89.41M339.02M217.77M94.63M67.65M-87.6M161.6M
Pretax Margin %0.04%0.12%0.03%0.07%0.04%0.02%0.04%-0.04%0.08%
Income Tax+-2.25M14.72M24.06M45.19M43.32M5.74M-447K1.74M16.91M
Effective Tax Rate %1.16%0.86%0.73%0.86%0.8%0.94%-4.07%0.97%0.39%
Net Income+16.26M93.24M65.36M292.17M173.32M88.61M-275.51M-84.67M63.41M
Net Margin %0.05%0.11%0.03%0.06%0.03%0.02%-0.15%-0.03%0.03%
Net Income Growth %-4.73%-0.3%3.47%-0.41%-0.49%-4.11%0.69%1.75%
Net Income (Continuing)16.26M93.24M65.35M293.83M174.45M88.89M68.1M-89.33M144.69M
Discontinued Operations000000-350.73M0-82.34M
Minority Interest002.99M5.65M3.24M3.52M-3.59M-4.25M5.32M
EPS (Diluted)+2.250.932.464.052.401.20-3.96-1.232.13
EPS Growth %--0.59%1.65%0.65%-0.41%-0.5%-4.3%0.69%2.73%
EPS (Basic)2.521.172.484.202.491.26-3.96-1.232.13
Diluted Shares Outstanding7.19M8.64M26.53M71.95M71.87M73.58M69.28M68.79M68.91M
Basic Shares Outstanding6.47M6.87M26.33M69.39M69.6M73.58M69.28M68.79M29.84M
Dividend Payout Ratio---0.02%0.01%----

Balance Sheet

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+276.17M665.43M1.9B2.91B2.93B2.95B2.49B2.28B2.17B
Cash & Short-Term Investments156.93M279.95M1.11B1.35B1.21B1.47B1.11B957.92M1.21B
Cash Only156.93M279.95M940.3M972.44M504.11M586.96M737.14M491.71M1.03B
Short-Term Investments00168.99M376.2M706.05M878.87M368.6M466.21M187.51M
Accounts Receivable45.02M253.9M372.7M1.02B1.04B623.27M627.17M551.25M615.33M
Days Sales Outstanding52.57106.1353.1180.4364.9442.89127.8780.7105.99
Inventory24.2M50.69M231.97M418.01M439.38M576.35M502.29M442.22M112.33M
Days Inventory Outstanding37.9830.9445.9342.833.8151.24153.3283.926.11
Other Current Assets50.02M80.89M141.87M54.51M158.64M124.2M76.07M144.64M152.53M
Total Non-Current Assets+5.78M6.13M20.34M114.86M247.62M330.94M390.72M471.69M420.46M
Property, Plant & Equipment3.53M3.09M11.3M87.06M92.97M164.42M251.08M347.96M318.69M
Fixed Asset Turnover88.50x282.96x226.64x53.39x62.66x32.26x7.13x7.17x6.65x
Goodwill000000000
Intangible Assets00169K4.36M70.66M73.9M74.12M70.08M66.43M
Long-Term Investments00000030M23.84M7.59M
Other Non-Current Assets003.64M11.17M69.8M57.32M22.86M18.82M27.75M
Total Assets+281.94M671.57M1.92B3.02B3.18B3.28B2.89B2.75B2.59B
Asset Turnover1.11x1.30x1.33x1.54x1.83x1.62x0.62x0.91x0.82x
Asset Growth %-1.38%1.86%0.57%0.05%0.03%-0.12%-0.05%-0.06%
Total Current Liabilities+136.89M432.38M851.68M1.63B1.63B1.59B1.33B1.27B1.04B
Accounts Payable73.05M292.87M548.48M1.04B1B1.07B844.06M666.33M772.15M
Days Payables Outstanding114.66178.75108.6106.877.0795.04257.65126.42179.48
Short-Term Debt32.25M0095.87M0020.21M128.03M79.3M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K0
Other Current Liabilities15.66M73.36M00044.75M0022.11M
Current Ratio2.02x1.54x2.23x1.78x1.79x1.85x1.88x1.80x2.07x
Quick Ratio1.84x1.42x1.96x1.52x1.53x1.49x1.50x1.45x1.97x
Cash Conversion Cycle-24.11-41.68-9.5516.4321.69-0.9123.5438.18-47.38
Total Non-Current Liabilities+0460K518K15.19M15.09M31.26M129.59M144.18M92.22M
Long-Term Debt0000016.11M114.55M128.7M75.94M
Capital Lease Obligations00013.39M11.69M7.6M6.79M2.71M1.78M
Deferred Tax Liabilities000000000
Other Non-Current Liabilities0460K518K1.79M3.4M7.56M8.24M12.77M14.49M
Total Liabilities136.89M432.85M852.2M1.65B1.65B1.63B1.46B1.41B1.14B
Total Debt+32.25M32.23M5.76M116.25M21.17M35.01M148.79M261.85M159.06M
Net Debt-124.68M-247.72M-934.53M-856.19M-482.93M-551.94M-588.35M-229.86M-867.12M
Debt / Equity0.22x0.14x0.01x0.08x0.01x0.02x0.10x0.19x0.11x
Debt / EBITDA2.08x0.30x0.07x0.35x0.09x0.26x1.57x-0.72x
Net Debt / EBITDA-8.03x-2.31x-11.32x-2.56x-2.03x-4.03x-6.21x--3.92x
Interest Coverage9.61x83.05x241.17x------
Total Equity+145.06M238.72M1.07B1.37B1.53B1.65B1.43B1.34B1.45B
Equity Growth %-0.65%3.49%0.28%0.11%0.08%-0.13%-0.06%0.08%
Book Value per Share20.1927.6440.3619.1021.2922.4420.6319.5321.04
Total Shareholders' Equity145.06M238.72M1.07B1.37B1.53B1.65B1.43B1.35B1.44B
Common Stock272.72M256.88M12K12K12K12K12K12K12K
Retained Earnings-247.88M-160.88M-95.53M195.6M363.05M449.9M174.38M89.71M153.13M
Treasury Stock0000-54.6M-66.67M-74.7M-81.14M-85.43M
Accumulated OCI-37.11M-18M-29.79M-19.14M-59.38M-73.12M-24.34M-14.33M2.28M
Minority Interest002.99M5.65M3.24M3.52M-3.59M-4.25M5.32M

Cash Flow

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+15.5M123.91M222.27M35.53M185.2M47.91M-284.17M-103.23M716.03M
Operating CF Margin %0.05%0.14%0.09%0.01%0.03%0.01%-0.16%-0.04%0.34%
Operating CF Growth %-6.99%0.79%-0.84%4.21%-0.74%-6.93%0.64%7.94%
Net Income16.26M93.24M65.35M42.28M174.45M13.74M68.1M-84.67M63.41M
Depreciation & Amortization1.22M1.68M2.27M3.41M54.27M11.19M40.05M36.94M28.98M
Stock-Based Compensation10.58M5.82M116.61M072.2M019.56M106K16.45M
Deferred Taxes-2.25M-801K-2.19M-1.02M-1.49M-3.27M-3.97M00
Other Non-Cash Items1.66M81K1.42M8.37M-39.27M12.83M-411.96M-76.52M659.97M
Working Capital Changes-11.97M23.89M38.8M-17.52M-74.96M13.42M4.06M20.92M-52.78M
Change in Receivables-33.08M-208.88M-118.81M-81.72M-19.61M60.05M34.63M7.31M-569.77M
Change in Inventory-3.27M-26.58M-182.34M-29.19M-43.94M-22.5M47.29M13.84M55.06M
Change in Payables12.11M218.61M256.84M71.59M-41.79M10.5M-56.93M00
Cash from Investing+-1.61M-1.23M-151.82M-38.81M-433.08M-41.11M314.55M-198.93M-164.89M
Capital Expenditures-1.61M-1.23M-13.69M-8.79M-50.44M-17.08M-151.12M-103.37M-28.61M
CapEx % of Revenue0.01%0%0.01%0%0.01%0%0.08%0.04%0.01%
Acquisitions---------
Investments---------
Other Investing0031.04M-1.14M-2.37M0464.93M-95.55M-136.29M
Cash from Financing+13M2.67M604.98M6.91M-146.38M2.63M113.56M115.66M-34.66M
Debt Issued (Net)---------
Equity Issued (Net)---------
Dividends Paid000-6.74M-1.24M0000
Share Repurchases---------
Other Financing02.67M-31.2M05.33M02.94M122.1M-30.38M
Net Change in Cash---------
Free Cash Flow+13.89M122.67M208.58M27.4M134.75M31.87M-439.86M-206.6M687.42M
FCF Margin %0.04%0.14%0.08%0.01%0.02%0.01%-0.25%-0.08%0.32%
FCF Growth %-7.83%0.7%-0.87%3.92%-0.76%-14.8%0.53%4.33%
FCF per Share1.9314.207.860.381.870.43-6.35-3.009.98
FCF Conversion (FCF/Net Income)0.95x1.33x3.40x0.12x1.07x0.54x1.03x1.22x11.29x
Interest Paid01.78M768K076K03.36M5.64M5.73M
Taxes Paid03.91M27.66M027.37M026.71M00

Key Ratios

Metric201620172018201920202021202220232024
Return on Equity (ROE)11.21%48.59%9.98%23.9%11.93%5.57%-17.89%-6.11%4.54%
Return on Invested Capital (ROIC)52.65%1391.7%94.61%71.28%17.63%4.52%4.23%-9.14%13.82%
Gross Margin25.6%31.51%28.03%23.29%18.59%22.59%33.21%22.84%25.89%
Net Margin5.2%10.68%2.55%6.29%2.98%1.67%-15.39%-3.4%2.99%
Debt / Equity0.22x0.14x0.01x0.08x0.01x0.02x0.10x0.19x0.11x
Interest Coverage9.61x83.05x241.17x------
FCF Conversion0.95x1.33x3.40x0.12x1.07x0.54x1.03x1.22x11.29x
Revenue Growth-179.36%193.31%81.46%25.35%-8.96%-66.25%39.28%-15.02%

Revenue by Segment

2018201920202021202220232024
Product----3.15B2.44B2.11B
Product Growth------22.72%-13.31%
Sale Of Home Water Solutions---742.91M681.05M604.01M1.5B
Sale Of Home Water Solutions Growth-----8.33%-11.31%148.07%
Sale Of Consumables---367.02M358.44M314.37M277.7M
Sale Of Consumables Growth-----2.34%-12.29%-11.66%
Service---84.68M78.35M55.74M5.73M
Service Growth-----7.47%-28.86%-89.71%
Sale Of Internet Of Things At Home Portfolio----1.62B1.22B-
Sale Of Internet Of Things At Home Portfolio Growth------24.64%-
Sale Of Small Appliances And Other Products---708.26M494.94M298.41M-
Sale Of Small Appliances And Other Products Growth-----30.12%-39.71%-
Installation Services14.63M1.28M7.79M----
Installation Services Growth--91.28%510.50%----

Frequently Asked Questions

Valuation & Price

Viomi Technology Co., Ltd (VIOT) has a price-to-earnings (P/E) ratio of 0.7x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Viomi Technology Co., Ltd (VIOT) reported $2.52B in revenue for fiscal year 2024. This represents a 705% increase from $312.6M in 2016.

Viomi Technology Co., Ltd (VIOT) saw revenue decline by 15.0% over the past year.

Yes, Viomi Technology Co., Ltd (VIOT) is profitable, generating $126.4M in net income for fiscal year 2024 (3.0% net margin).

Dividend & Returns

Viomi Technology Co., Ltd (VIOT) has a return on equity (ROE) of 4.5%. This is below average, suggesting room for improvement.

Viomi Technology Co., Ltd (VIOT) generated $687.4M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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