10 years of historical data (2015–2024) · Communication Services · Entertainment
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
iQIYI, Inc. trades at 15.7x earnings, 517% above its 5-year average of 2.6x, sitting at the 100th percentile of its historical range. Compared to the Communication Services sector median P/E of 14.8x, the stock trades at a premium of 7%. On a free-cash-flow basis, the stock trades at 19.0x P/FCF, 1437% above the 5-year average of 1.2x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5.4B | $2.0B | $4.8B | $4.5B | $3.6B | $12.9B | $15.4B | $8.2B | — | — | — |
| Enterprise Value | $6.9B | $12.6B | $15.6B | $19.3B | $18.2B | $24.2B | $26.5B | $12.1B | — | — | — |
| P/E Ratio → | 15.72 | 2.61 | 2.49 | — | — | — | — | — | — | — | — |
| P/S Ratio | 1.26 | 0.07 | 0.15 | 0.16 | 0.12 | 0.44 | 0.53 | 0.33 | — | — | — |
| P/B Ratio | 0.88 | 0.15 | 0.39 | 0.71 | 0.64 | 1.38 | 1.60 | 0.45 | — | — | — |
| P/FCF | 19.01 | 1.01 | 1.47 | — | — | — | — | — | — | — | — |
| P/OCF | 17.45 | 0.93 | 1.42 | — | — | — | 3.94 | 2.85 | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
iQIYI, Inc.'s enterprise value stands at 26.1x EBITDA, 921% above its 5-year average of 2.6x. The Communication Services sector median is 7.4x, placing the stock at a 253% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.43 | 0.49 | 0.66 | 0.60 | 0.81 | 0.91 | 0.48 | — | — | — |
| EV / EBITDA | 26.13 | 6.94 | 0.91 | 1.29 | 1.48 | 2.17 | 3.35 | 1.82 | — | — | — |
| EV / EBIT | 26.22 | 6.97 | 4.94 | 28.28 | — | — | — | — | — | — | — |
| EV / FCF | — | 6.51 | 4.81 | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
iQIYI, Inc. earns an operating margin of 6.2%. Operating margins have expanded from 4.5% to 6.2% over the past 3 years, signaling improving operational efficiency. ROE of 6.0% is modest. ROIC of 5.8% represents adequate returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 24.9% | 24.9% | 27.5% | 23.0% | 10.0% | 6.1% | -4.7% | -8.6% | -0.0% | -1.8% | -13.6% |
| Operating Margin | 6.2% | 6.2% | 9.4% | 4.5% | -14.7% | -20.3% | -31.9% | -33.2% | -22.7% | -24.8% | -45.6% |
| Net Profit Margin | 2.6% | 2.6% | 6.0% | -0.5% | -20.3% | -23.6% | -35.4% | -36.5% | -21.5% | -27.4% | -48.4% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.0% | 6.0% | 20.8% | -2.3% | -82.5% | -74.0% | -74.0% | -68.9% | -45.1% | — | -56.6% |
| ROA | 1.7% | 1.7% | 4.2% | -0.3% | -13.7% | -15.1% | -23.0% | -28.0% | -22.1% | -25.6% | -24.7% |
| ROIC | 5.8% | 5.8% | 10.0% | 4.7% | -16.4% | -21.9% | -32.4% | -41.3% | -36.4% | — | -42.5% |
| ROCE | 7.8% | 7.8% | 14.9% | 6.9% | -20.7% | -25.2% | -37.4% | -49.6% | -76.6% | -88.5% | -53.2% |
Solvency and debt-coverage ratios — lower is generally safer
iQIYI, Inc. carries a Debt/EBITDA ratio of 7.8x, which is highly leveraged (118% above the sector average of 3.6x). Net debt stands at $10.7B ($14.2B total debt minus $3.5B cash). Interest coverage of just 1.7x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.06 | 1.06 | 1.25 | 3.55 | 3.10 | 2.38 | 1.77 | 0.47 | 0.07 | — | 0.29 |
| Debt / EBITDA | 7.81 | 7.81 | 0.90 | 1.51 | 1.43 | 1.99 | 2.16 | 1.27 | 0.12 | 0.04 | 2.69 |
| Net Debt / Equity | — | 0.80 | 0.89 | 2.32 | 2.57 | 1.21 | 1.16 | 0.21 | -0.02 | — | -0.06 |
| Net Debt / EBITDA | 5.87 | 5.87 | 0.64 | 0.98 | 1.19 | 1.01 | 1.41 | 0.58 | -0.03 | -0.39 | -0.53 |
| Debt / FCF | — | 5.51 | 3.34 | — | — | — | — | — | — | — | — |
| Interest Coverage | 1.71 | 1.71 | 2.64 | 1.84 | -3.32 | -5.66 | -10.12 | -87.70 | -14.24 | -25.25 | -43.75 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.44x is below 1.0, meaning current liabilities exceed current assets — though the company's $3.5B cash position helps mitigate short-term liquidity concerns.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.44 | 0.44 | 0.57 | 0.49 | 0.51 | 0.90 | 1.00 | 1.00 | 0.49 | 0.43 | 0.76 |
| Quick Ratio | 0.44 | 0.44 | 0.54 | 0.49 | 0.51 | 0.90 | 0.96 | 0.89 | 0.48 | 0.42 | 0.76 |
| Cash Ratio | 0.21 | 0.21 | 0.24 | 0.28 | 0.19 | 0.57 | 0.52 | 0.54 | 0.13 | 0.16 | 0.31 |
| Asset Turnover | — | 0.64 | 0.71 | 0.63 | 0.72 | 0.62 | 0.65 | 0.56 | 0.86 | 0.82 | 0.51 |
| Inventory Turnover | — | — | 40.66 | 1638.96 | 354.32 | 1105.21 | 31.13 | 12.48 | 97.64 | 58.03 | — |
| Days Sales Outstanding | — | 51.57 | 68.81 | 50.32 | 57.56 | 60.82 | 70.62 | 65.46 | 47.16 | 59.87 | 101.91 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
iQIYI, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 6.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | 1.4% | 0.8% | 0.5% | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.4% | 38.3% | 40.2% | — | — | — | — | — | — | — | — |
| FCF Yield | 5.3% | 99.2% | 68.3% | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 1.4% | 0.8% | 0.5% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $971M | $975M | $855M | $796M | $739M | $729M | $553M | $726M | $726M | $726M |
Compare IQ with 5 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| IQYou | $5B | 15.7 | 26.1 | 19.0 | 24.9% | 6.2% | 6.0% | 5.8% | 7.8 |
| NFLX | $350B | 32.7 | 11.8 | 37.0 | 48.5% | 29.5% | 42.8% | 29.8% | 0.5 |
| ROKU | $2B | 156.4 | 2.5 | 3.2 | 43.8% | -0.1% | 3.4% | -0.3% | 2.6 |
| STRZ | $155M | -0.7 | 1.5 | — | 36.2% | 0.9% | -72.9% | 0.4% | 1.3 |
| CNVS | $59M | 18.8 | 3.9 | 3.6 | 50.4% | 10.1% | 10.3% | 20.3% | 0.0 |
| GAIA | $18M | -15.5 | 1.9 | 9.5 | 86.1% | -6.6% | -5.8% | -4.7% | 0.9 |
| Communication Services Median | — | 14.8 | 7.4 | 10.0 | 50.8% | -0.5% | 2.6% | 1.6% | 3.6 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 10 years · Updated daily
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Start ComparisoniQIYI, Inc.'s current P/E ratio is 15.7x. The historical average is 2.6x. This places it at the 100th percentile of its historical range.
iQIYI, Inc.'s current EV/EBITDA is 26.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 2.6x.
iQIYI, Inc.'s return on equity (ROE) is 6.0%. The historical average is -41.8%.
Based on historical data, iQIYI, Inc. is trading at a P/E of 15.7x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
iQIYI, Inc. has 24.9% gross margin and 6.2% operating margin.
iQIYI, Inc.'s Debt/EBITDA ratio is 7.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.