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iQIYI, Inc. (IQ) 10-Year Financial Performance & Capital Metrics

IQ • • Industrial / General
Communication ServicesEntertainmentStreaming & Digital Media PlatformsSubscription Video Streaming Services
AboutiQIYI, Inc., together with its subsidiaries, provides online entertainment services under the iQIYI brand in the People's Republic of China. The company offers various products and services comprising internet video, online games, live broadcasting, online literature, animations, e-commerce, and social media platform. It operates a platform that provides a collection of internet video content, including professionally-produced content licensed from professional content providers and self-produced content. The company also provides membership, content distribution, and online advertising services. In addition, it operates iQIYI Show, a live broadcasting service that enables users to follow their favorite hosts, celebrities, and shows in real time through live broadcasting; and iQIYI Lite, an easy and quick access to the personalized videos based on their user preferences. Further, it is involved in the talent agency and IP licensing activities, as well as engages in developing a video community app. The company was formerly known as Qiyi.com, Inc. and changed its name to iQIYI, Inc. in November 2017. iQIYI, Inc. was incorporated in 2009 and is headquartered in Beijing, China. iQIYI, Inc. is a subsidiary of Baidu Holdings Limited.Show more
  • Revenue $29.23B -8.3%
  • EBITDA $1.82B -89.4%
  • Net Income $764M -60.3%
  • EPS (Diluted) 0.77 -60.7%
  • Gross Margin 24.88% -9.6%
  • EBITDA Margin 6.22% -88.4%
  • Operating Margin 6.2% -33.9%
  • Net Margin 2.61% -56.7%
  • ROE 5.98% -71.2%
  • ROIC 5.77% -42.3%
  • Debt/Equity 1.06 -15.4%
  • Interest Coverage 1.71 -35.5%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Trading at only 0.1x book value

✗Weaknesses

No significant weaknesses identified

* 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-
5Y0.16%
3Y-1.47%
TTM-10.58%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-127.46%

EPS CAGR

10Y-
5Y-
3Y-
TTM-128.57%

ROCE

10Y Avg-32.15%
5Y Avg-3.26%
3Y Avg9.86%
Latest7.78%

Peer Comparison

Subscription Video Streaming Services
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
NFLXNetflix, Inc.382.72B90.3245.5515.65%24.05%40.19%1.81%0.73
CNVSCineverse Corp.38.3M2.0012.5059.13%-1.49%-3.19%42.4%0.01
IQiQIYI, Inc.1.08B2.052.66-8.31%-1.44%-2.92%100%1.06
GAIAGaia, Inc.76.81M3.91-17.7712.36%-4.87%-4.7%2.53%0.12
ROKURoku, Inc.14.45B110.51-124.1718.03%-0.61%-1.05%1.47%0.24

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+5.32B11.24B17.38B24.99B28.99B29.71B30.55B29B31.87B29.23B
Revenue Growth %-1.11%0.55%0.44%0.16%0.02%0.03%-0.05%0.1%-0.08%
Cost of Goods Sold+6.04B11.44B17.39B27.13B30.35B27.88B27.51B22.32B23.1B21.95B
COGS % of Revenue1.14%1.02%1%1.09%1.05%0.94%0.9%0.77%0.72%0.75%
Gross Profit+-723.18M-199.19M-8.21M-2.14B-1.35B1.82B3.04B6.68B8.77B7.27B
Gross Margin %-0.14%-0.02%-0%-0.09%-0.05%0.06%0.1%0.23%0.28%0.25%
Gross Profit Growth %-0.72%0.96%-260.01%0.37%2.35%0.67%1.2%0.31%-0.17%
Operating Expenses+1.7B2.59B3.94B6.16B7.9B7.86B7.52B5.37B5.78B5.46B
OpEx % of Revenue0.32%0.23%0.23%0.25%0.27%0.26%0.25%0.19%0.18%0.19%
Selling, General & Admin1.2B1.77B2.67B4.17B5.24B5.19B4.73B3.47B4.01B3.68B
SG&A % of Revenue0.23%0.16%0.15%0.17%0.18%0.17%0.15%0.12%0.13%0.13%
Research & Development499.96M824.48M1.27B1.99B2.67B2.68B2.79B1.9B1.77B1.78B
R&D % of Revenue0.09%0.07%0.07%0.08%0.09%0.09%0.09%0.07%0.06%0.06%
Other Operating Expenses-8.11M02.49M0000000
Operating Income+-2.43B-2.79B-3.95B-8.31B-9.26B-6.04B-4.48B1.31B2.99B1.81B
Operating Margin %-0.46%-0.25%-0.23%-0.33%-0.32%-0.2%-0.15%0.05%0.09%0.06%
Operating Income Growth %--0.15%-0.42%-1.1%-0.11%0.35%0.26%1.29%1.28%-0.39%
EBITDA+492.71M2.23B4.81B6.67B7.91B11.16B12.29B14.97B17.08B1.82B
EBITDA Margin %0.09%0.2%0.28%0.27%0.27%0.38%0.4%0.52%0.54%0.06%
EBITDA Growth %-3.53%1.16%0.39%0.19%0.41%0.1%0.22%0.14%-0.89%
D&A (Non-Cash Add-back)2.92B5.02B8.77B14.98B17.17B17.2B16.77B13.66B14.09B6.13M
EBIT-2.51B-2.95B-3.47B-8.89B-9.31B-5.92B-4.66B681.3M3.16B1.81B
Net Interest Income+-50.49M-93.47M-194.45M119.26M-512.23M-908.84M-1.23B-645.5M-872.82M-790.2M
Interest Income5M17.01M83.13M213.97M402.14M157.48M118.61M69.58M257.5M271.82M
Interest Expense55.49M110.48M277.58M94.71M914.37M1.07B1.35B715.08M1.13B1.06B
Other Income/Expense-136.34M-271.44M208.51M-676.19M-967.05M-943.37M-1.53B-1.35B-956.88M-959.52M
Pretax Income+-2.56B-3.06B-3.74B-8.98B-10.22B-6.98B-6.01B-33.78M2.03B851.68M
Pretax Margin %-0.48%-0.27%-0.22%-0.36%-0.35%-0.24%-0.2%-0%0.06%0.03%
Income Tax+11.17M13.09M-7.57M78.8M51.85M23.28M96.55M84M80.05M61.09M
Effective Tax Rate %1%1%1%1.01%1.01%1%1.03%4.03%0.95%0.9%
Net Income+-2.58B-3.07B-3.74B-9.11B-10.28B-7.01B-6.19B-136.21M1.93B764.06M
Net Margin %-0.48%-0.27%-0.22%-0.36%-0.35%-0.24%-0.2%-0%0.06%0.03%
Net Income Growth %--0.19%-0.22%-1.44%-0.13%0.32%0.12%0.98%15.14%-0.6%
Net Income (Continuing)-2.58B-3.07B-3.74B-9.06B-10.28B-7.01B-6.11B-117.78M1.95B790.59M
Discontinued Operations0000000000
Minority Interest003.82M118.63M42.38M79.01M485.51M92.81M98.4M8.34M
EPS (Diluted)+-6.99-11.451.31-17.02-14.14-9.52-7.77-0.161.960.77
EPS Growth %--0.64%1.11%-13.99%0.17%0.33%0.18%0.98%13.25%-0.61%
EPS (Basic)-6.99-11.451.31-17.02-14.14-9.52-7.77-0.162.030.77
Diluted Shares Outstanding726.45M726.45M726.45M552.56M729.27M739.45M795.82M855.43M974.8M971.36M
Basic Shares Outstanding726.45M726.45M726.45M535M729.27M739.45M795.82M855.44M982.38M992.29M
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+4.47B5.15B5.7B19.85B20.27B22.29B11.52B13.79B12.64B9.53B
Cash & Short-Term Investments1.8B1.87B1.51B10.65B10.51B14.27B4.35B7.92B5.38B4.47B
Cash Only1.59B964.21M733.01M4.59B5.93B10.92B3B7.1B4.43B3.53B
Short-Term Investments214.1M902.98M779.92M6.06B4.58B3.36B1.35B818.26M941.74M941.61M
Accounts Receivable1.48B1.84B2.25B4.48B5.61B4.95B4.82B4B6.01B4.13B
Days Sales Outstanding101.9159.8747.1665.4670.6260.8257.5650.3268.8151.57
Inventory0197.09M178.07M2.17B974.93M25.23M77.65M13.62M568.2M0
Days Inventory Outstanding-6.293.7429.2511.730.331.030.228.98-
Other Current Assets1.19B1.39B1.9B4.6B3.17B1.53B1.12B1.86B119.84M490.94M
Total Non-Current Assets+5.95B8.48B14.5B24.91B24.52B25.9B30.95B32.26B31.96B36.23B
Property, Plant & Equipment486.74M539.21M1.25B1.62B2.48B2.4B2.25B1.78B1.55B1.49B
Fixed Asset Turnover10.93x20.84x13.91x15.44x11.70x12.40x13.57x16.30x20.59x19.64x
Goodwill3.28B3.28B3.28B3.89B3.89B3.89B3.89B3.83B3.82B3.82B
Intangible Assets1.56B3.24B6.55B12.06B11.46B13.62B18.75B20.28B7.28B7.22B
Long-Term Investments19.87M183.76M567.89M2.57B2.98B3.2B3.04B2.45B2.26B2.11B
Other Non-Current Assets611.71M1.23B2.85B4.75B3.68B2.74B2.99B3.93B14.28B21.57B
Total Assets+10.42B13.63B20.2B44.76B44.79B48.19B42.47B46.05B44.59B45.76B
Asset Turnover0.51x0.82x0.86x0.56x0.65x0.62x0.72x0.63x0.71x0.64x
Asset Growth %-0.31%0.48%1.22%0%0.08%-0.12%0.08%-0.03%0.03%
Total Current Liabilities+5.86B11.89B11.63B19.81B20.17B24.85B22.48B28.13B22.34B21.48B
Accounts Payable2.48B4.18B7.04B10.16B8.21B7.56B8.9B5.99B5.67B6.48B
Days Payables Outstanding149.66133.55147.82136.7198.7798.98118.0298.0189.6107.77
Short-Term Debt1.33B100M309.37M3.18B3.4B8.63B4.12B12.35B6.42B4.25B
Deferred Revenue (Current)01000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities930.79M5.07B2.12B3.35B1.76B1.75B2.18B3.61B6.23B7.54B
Current Ratio0.76x0.43x0.49x1.00x1.00x0.90x0.51x0.49x0.57x0.44x
Quick Ratio0.76x0.42x0.48x0.89x0.96x0.90x0.51x0.49x0.54x0.44x
Cash Conversion Cycle--67.39-96.92-42-16.43-37.83-59.43-47.47-11.81-
Total Non-Current Liabilities+017.05B292.69M6.79B15.01B13.89B14.32B11.57B10.07B10.91B
Long-Term Debt00284M5.36B13.83B12.58B12.65B9.57B8.24B9.39B
Capital Lease Obligations0000413.08M779.19M668.79M525.08M523.75M461.97M
Deferred Tax Liabilities06.94M2.25M96.41M30.14M03.13M1.83M824K0
Other Non-Current Liabilities017.04B8.69M1.34B0530.65M351.62M1.5B1.3B1.06B
Total Liabilities5.86B28.94B11.92B26.6B35.18B38.85B36.8B39.7B32.41B32.39B
Total Debt+1.33B100M593.37M8.49B17.06B22.18B17.57B22.53B15.29B14.19B
Net Debt-261.44M-864.21M-139.64M3.9B11.13B11.27B14.57B14.74B10.86B10.66B
Debt / Equity0.29x-0.07x0.47x1.77x2.38x3.10x3.55x1.25x1.06x
Debt / EBITDA2.69x0.04x0.12x1.27x2.16x1.99x1.43x1.51x0.90x7.81x
Net Debt / EBITDA-0.53x-0.39x-0.03x0.58x1.41x1.01x1.19x0.98x0.64x5.87x
Interest Coverage-43.75x-25.25x-14.24x-87.70x-10.12x-5.66x-3.32x1.84x2.64x1.71x
Total Equity+4.55B-15.3B8.28B18.16B9.61B9.34B5.67B6.34B12.18B13.37B
Equity Growth %--4.37%1.54%1.19%-0.47%-0.03%-0.39%0.12%0.92%0.1%
Book Value per Share6.26-21.0711.4032.8613.1812.637.137.4212.5013.77
Total Shareholders' Equity4.55B-15.3B8.28B18.04B9.57B9.26B5.19B6.25B12.09B13.37B
Common Stock23K23K265K321K325K348K356K387K430K431K
Retained Earnings-8.04B-15.99B-15.02B-23.51B-33.83B-40.97B-47.16B-46.5B-44.57B-43.81B
Treasury Stock0-325.73M00000000
Accumulated OCI161.14M359.37M93.13M1.88B2.11B2.54B2.71B1.86B1.69B1.55B
Minority Interest003.82M118.63M42.38M79.01M485.51M92.81M98.4M8.34M

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+1.07B2.61B4.01B2.88B3.91B-5.41B-5.95B-70.57M3.35B2.11B
Operating CF Margin %0.2%0.23%0.23%0.12%0.13%-0.18%-0.19%-0%0.11%0.07%
Operating CF Growth %-1.44%0.54%-0.28%0.35%-2.39%-0.1%0.99%48.49%-0.37%
Net Income-2.58B-3.07B-3.74B-9.06B-10.28B-7.01B-6.11B-117.78M1.95B790.59M
Depreciation & Amortization2.92B5.02B8.77B14.98B17.17B17.2B16.77B13.66B14.09B13.63B
Stock-Based Compensation44.19M62.39M233.42M556.21M1.08B1.37B1.22B811.44M636.73M544.39M
Deferred Taxes5.2M478K-12.21M-45.09M-77.31M-41.98M18.54M30.06M-1.01M0
Other Non-Cash Items-243.82M47.84M-502.34M28.56M212.92M-314.3M-260.77M43.91M-116.44M-490.94M
Working Capital Changes919.99M556.04M-735.34M-3.57B-4.21B-16.61B-17.59B-14.49B-13.21B-12.36B
Change in Receivables-295.01M-322.76M-512.06M-543.99M-810.77M8.84M644.92M362.21M193.31M-7.52M
Change in Inventory288.33M219.73M-154.27M362.89M-215.67M-9.72B-9.25B000
Change in Payables1.04B1.08B1.05B583.1M-654.99M-605.39M1.44B-2.91B-288.13M703.96M
Cash from Investing+-3.13B-6.66B-10.66B-20.95B-11.75B159.3M1.26B265.98M-1.74B-2.44B
Capital Expenditures-2.91B-5.73B-10.22B-14.04B-12.83B-385.73M-400.74M-174.26M-104.91M-79.32M
CapEx % of Revenue0.55%0.51%0.59%0.56%0.44%0.01%0.01%0.01%0%0%
Acquisitions----------
Investments----------
Other Investing-2.84B-5.33B9.31B-125.37M-19.5M106.5M194.95M-43.13M-1.38B-2.37B
Cash from Financing+-131.71M3.41B6.56B23.47B7.88B9.37B-2.96B4.47B-4.29B-1.37B
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid00000-62.42M-27.83M-64.24M00
Share Repurchases----------
Other Financing-131.71M010.73B-208.22M-378.44M206.21M441.93M71.76M1.32M237.78M
Net Change in Cash----------
Free Cash Flow+-1.84B-3.12B-6.21B-11.16B-8.92B-5.8B-6.35B-340.34M3.25B1.94B
FCF Margin %-0.35%-0.28%-0.36%-0.45%-0.31%-0.2%-0.21%-0.01%0.1%0.07%
FCF Growth %--0.69%-0.99%-0.8%0.2%0.35%-0.1%0.95%10.54%-0.4%
FCF per Share-2.53-4.30-8.55-20.19-12.23-7.84-7.98-0.403.331.99
FCF Conversion (FCF/Net Income)-0.42x-0.85x-1.07x-0.32x-0.38x0.77x0.96x0.52x1.74x2.76x
Interest Paid066.65M282.05M46.39M436.65M502.99M670.92M524.48M784.24M678.07M
Taxes Paid0413K22.47M20.05M171.26M97.86M108.44M56.15M34.72M78.49M

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-56.62%--45.12%-68.91%-74.02%-73.96%-82.48%-2.27%20.78%5.98%
Return on Invested Capital (ROIC)-42.48%--36.41%-41.26%-32.45%-21.92%-16.45%4.68%10%5.77%
Gross Margin-13.6%-1.77%-0.05%-8.58%-4.67%6.14%9.95%23.03%27.52%24.88%
Net Margin-48.42%-27.36%-21.5%-36.45%-35.44%-23.59%-20.26%-0.47%6.04%2.61%
Debt / Equity0.29x-0.07x0.47x1.77x2.38x3.10x3.55x1.25x1.06x
Interest Coverage-43.75x-25.25x-14.24x-87.70x-10.12x-5.66x-3.32x1.84x2.64x1.71x
FCF Conversion-0.42x-0.85x-1.07x-0.32x-0.38x0.77x0.96x0.52x1.74x2.76x
Revenue Growth-111.29%54.65%43.79%16.03%2.46%2.85%-5.1%9.92%-8.31%

Revenue by Segment

2018201920202021202220232024
Membership10.64B27.25M25.57M16.71B56.38M20.31B17.76B
Membership Growth--99.74%-6.15%65261.79%-99.66%35931.53%-12.56%
Advertising9.53B77.13M206.62M7.07B279.77M6.22B5.71B
Advertising Growth--99.19%167.90%3320.10%-96.04%2124.62%-8.19%
Service, Other----55.31M2.88B2.9B
Service, Other Growth-----5099.64%0.88%
Content Distribution2.25B443.5M176.23M2.86B190.4M2.46B2.85B
Content Distribution Growth--80.30%-60.26%1520.41%-93.33%1191.30%15.79%
Service Other2.9B48.88M54.06M3.92B---
Service Other Growth--98.32%10.61%7147.60%---

Frequently Asked Questions

Valuation & Price

iQIYI, Inc. (IQ) has a price-to-earnings (P/E) ratio of 2.7x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

iQIYI, Inc. (IQ) reported $27.11B in revenue for fiscal year 2024. This represents a 410% increase from $5.32B in 2015.

iQIYI, Inc. (IQ) saw revenue decline by 8.3% over the past year.

iQIYI, Inc. (IQ) reported a net loss of $389.9M for fiscal year 2024.

Dividend & Returns

iQIYI, Inc. (IQ) has a return on equity (ROE) of 6.0%. This is below average, suggesting room for improvement.

iQIYI, Inc. (IQ) generated $465.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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