Last 20 quarters of trend data · Consumer Defensive · Education & Training Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | — | — | 2485.00 | — | 2.98 | 2.64 | 1.42 | — | 10.05 | 2.10 | — | — | — |
| — | — | +174748.2% | — | -70.3% | +26.1% | — | — | — | -96.2% | — | — | — | |
| P/S Ratio | 0.43 | — | 0.18 | 0.18 | 0.18 | 0.16 | 0.08 | 0.09 | 0.09 | 0.08 | 0.08 | 0.12 | 0.22 |
| — | — | +130.0% | +108.5% | +106.1% | +97.5% | +1.2% | -26.8% | -61.6% | -31.6% | -5.5% | -67.8% | -75.2% | |
| P/B Ratio | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 15.73 | — | 29.13 | 1883.88 | 5.80 | 6.08 | 4.52 | — | 14.87 | 5.47 | — | — | — |
| — | — | +544.1% | — | -61.0% | +11.1% | — | — | — | -51.4% | — | — | — | |
| EV / EBIT | 17.79 | — | 29.13 | 1883.88 | 5.80 | 6.08 | 4.52 | — | 14.87 | 5.47 | — | — | — |
| — | — | +544.1% | — | -61.0% | +11.1% | — | — | — | -51.4% | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Youdao, Inc.'s operating margin was 3.8% in Q4 2025, up 2.1 pp QoQ and down 2.4 pp YoY. Gross margin contracted 5.7% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.3% | 45.1% | 42.2% | 43.0% | 47.3% | 47.8% | 50.2% | 48.2% | 49.0% | 49.9% | 55.9% | 47.0% | 51.7% |
| — | -5.7% | -15.9% | -10.8% | -3.4% | -4.2% | -10.1% | +2.5% | -5.4% | -6.3% | +3.1% | +10.7% | +10.8% | |
| Operating Margin | 3.7% | 3.8% | 1.7% | 2.0% | 8.0% | 6.3% | 6.8% | -5.5% | 2.1% | 5.2% | -3.7% | -24.0% | -16.8% |
| — | -38.8% | -74.6% | +137.0% | +272.8% | +21.9% | +282.0% | +77.1% | +112.8% | +203.6% | +76.0% | -31.2% | +43.8% | |
| Net Margin | 1.8% | 3.1% | 0.0% | -1.3% | 5.9% | 6.2% | 5.5% | -7.5% | 0.9% | 3.8% | -6.7% | -24.8% | -17.6% |
| — | -50.2% | -99.9% | +83.4% | +561.8% | +62.4% | +182.0% | +69.6% | +105.1% | +351.1% | +49.0% | -1465.2% | +66.4% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| ROA | 5.7% | 2.6% | 0.0% | -1.0% | 4.6% | 4.8% | 4.9% | -6.1% | 0.8% | 3.5% | -6.2% | -17.6% | -10.4% |
| — | -46.0% | -99.9% | +82.9% | +477.2% | +38.9% | +179.1% | +65.4% | +107.6% | +537.5% | +24.4% | -2405.0% | +52.8% | |
| ROIC | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Youdao, Inc.'s Debt/EBITDA ratio is 27.0x, down from 81.5x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 16.3% YoY to 0.59x, strengthening the short-term liquidity position.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Debt / EBITDA | 7.29 | 27.04 | 81.51 | 5975.43 | 17.64 | 21.06 | 17.43 | — | 53.16 | 21.60 | — | — | — |
| — | +28.4% | +367.6% | — | -66.8% | -2.5% | — | — | — | -55.7% | — | — | — | |
| Current Ratio | 0.59 | 0.59 | 0.54 | 0.55 | 0.48 | 0.50 | 0.46 | 0.45 | 0.42 | 0.42 | 0.38 | 0.38 | 0.38 |
| — | +16.3% | +18.1% | +20.5% | +14.3% | +20.3% | +21.2% | +20.1% | +8.8% | -28.7% | -33.0% | -49.6% | -29.8% | |
| Quick Ratio | 0.54 | 0.54 | 0.49 | 0.49 | 0.42 | 0.45 | 0.39 | 0.39 | 0.35 | 0.35 | 0.32 | 0.33 | 0.32 |
| — | +21.1% | +23.1% | +25.3% | +20.1% | +27.4% | +24.4% | +18.3% | +9.5% | -32.2% | -37.1% | -50.4% | -36.9% | |
| Interest Coverage | — | — | 1.85 | 1.74 | 6.46 | 5.00 | 7.10 | -3.49 | 1.47 | 4.04 | -3.25 | -16.92 | -12.42 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 20 years · Updated daily
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Youdao, Inc.'s current operating margin is 3.7%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Youdao, Inc.'s business trajectory between earnings reports.