iQIYI, Inc. (IQ) Financial Ratios
11 years of historical data (2015–2025) · Communication Services · Entertainment
EV/EBITDA
↓
1.37
↓-41% vs avg
5yr avg: 2.32
30Y Low0.9·High6.9
P/FCF
↑
695.86
↑+983% vs avg
5yr avg: 64.28
30Y Low1.0·High190.4
P/B Ratio
↓
0.51
↑+25% vs avg
5yr avg: 0.41
30Y Low0.1·High1.6
ROE
↑
-0.2%
↓+98% vs avg
5yr avg: -11.6%
30Y Low-82%·High21%
Debt/EBITDA
↓
1.19
↓-54% vs avg
5yr avg: 2.57
30Y Low0.0·High7.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
IQ Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
iQIYI, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 695.9x P/FCF, 983% above the 5-year average of 64.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $998M | $1.9B | $2.0B | $4.8B | $4.5B | $3.6B | $12.9B | $15.4B | $8.2B | — | — |
| Enterprise Value | $2.6B | $13.0B | $12.6B | $15.6B | $19.3B | $18.2B | $24.2B | $26.5B | $12.1B | — | — |
| P/E Ratio → | -33.40 | — | 2.61 | 2.49 | — | — | — | — | — | — | — |
| P/S Ratio | 1.78 | 0.49 | 0.07 | 0.15 | 0.16 | 0.12 | 0.44 | 0.53 | 0.33 | — | — |
| P/B Ratio | 0.51 | 0.14 | 0.15 | 0.39 | 0.71 | 0.64 | 1.38 | 1.60 | 0.45 | — | — |
| P/FCF | 695.86 | 190.36 | 1.01 | 1.47 | — | — | — | — | — | — | — |
| P/OCF | 65.72 | 17.98 | 0.93 | 1.42 | — | — | — | 3.94 | 2.85 | — | — |
P/E links to full P/E history page with 30-year chart
IQ EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
iQIYI, Inc.'s enterprise value stands at 1.4x EBITDA, 41% below its 5-year average of 2.3x. The Communication Services sector median is 9.7x, placing the stock at a 86% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.43 | 0.43 | 0.49 | 0.66 | 0.60 | 0.81 | 0.91 | 0.48 | — | — |
| EV / EBITDA | 1.37 | 1.00 | 6.94 | 0.91 | 1.29 | 1.48 | 2.17 | 3.35 | 1.82 | — | — |
| EV / EBIT | 78.19 | 58.35 | 6.97 | 4.94 | 28.28 | — | — | — | — | — | — |
| EV / FCF | — | 1339.02 | 6.51 | 4.81 | — | — | — | — | — | — | — |
IQ Profitability
Margins and return-on-capital ratios measuring operating efficiency
iQIYI, Inc. earns an operating margin of 6.0%, above the Communication Services sector average of 1.6%. Operating margins have compressed from 9.4% to 6.0% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -0.2% indicates the company is currently destroying shareholder equity. ROIC of 0.7% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 21.1% | 21.1% | 24.9% | 27.5% | 23.0% | 10.0% | 6.1% | -4.7% | -8.6% | -0.0% | -1.8% |
| Operating Margin | 6.0% | 6.0% | 6.2% | 9.4% | 4.5% | -14.7% | -20.3% | -31.9% | -33.2% | -22.7% | -24.8% |
| Net Profit Margin | -0.8% | -0.8% | 2.6% | 6.0% | -0.5% | -20.3% | -23.6% | -35.4% | -36.5% | -21.5% | -27.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -0.2% | -0.2% | 6.0% | 20.8% | -2.3% | -82.5% | -74.0% | -74.0% | -68.9% | -45.1% | — |
| ROA | -0.1% | -0.1% | 1.7% | 4.2% | -0.3% | -13.7% | -15.1% | -23.0% | -28.0% | -22.1% | -25.6% |
| ROIC | 0.7% | 0.7% | 5.8% | 10.0% | 4.7% | -16.4% | -21.9% | -32.4% | -41.3% | -36.4% | — |
| ROCE | 0.9% | 0.9% | 7.8% | 14.9% | 6.9% | -20.7% | -25.2% | -37.4% | -49.6% | -76.6% | -88.5% |
IQ Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
iQIYI, Inc. carries a Debt/EBITDA ratio of 1.2x, which is manageable (67% below the sector average of 3.6x). Net debt stands at $11.2B ($15.5B total debt minus $4.4B cash). Interest coverage of just 1.8x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.17 | 1.17 | 1.06 | 1.25 | 3.55 | 3.10 | 2.38 | 1.77 | 0.47 | 0.07 | — |
| Debt / EBITDA | 1.19 | 1.19 | 7.81 | 0.90 | 1.51 | 1.43 | 1.99 | 2.16 | 1.27 | 0.12 | 0.04 |
| Net Debt / Equity | — | 0.84 | 0.80 | 0.89 | 2.32 | 2.57 | 1.21 | 1.16 | 0.21 | -0.02 | — |
| Net Debt / EBITDA | 0.86 | 0.86 | 5.87 | 0.64 | 0.98 | 1.19 | 1.01 | 1.41 | 0.58 | -0.03 | -0.39 |
| Debt / FCF | — | 1148.66 | 5.51 | 3.34 | — | — | — | — | — | — | — |
| Interest Coverage | 1.76 | 1.76 | 1.71 | 2.80 | 0.95 | -3.45 | -5.55 | -10.18 | -93.84 | -12.49 | -26.71 |
IQ Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.47x is below 1.0, meaning current liabilities exceed current assets — though the company's $4.4B cash position helps mitigate short-term liquidity concerns. The current ratio has declined from 0.57x to 0.47x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.47 | 0.47 | 0.44 | 0.57 | 0.49 | 0.51 | 0.90 | 1.00 | 1.00 | 0.49 | 0.43 |
| Quick Ratio | 0.47 | 0.47 | 0.44 | 0.54 | 0.49 | 0.51 | 0.90 | 0.96 | 0.89 | 0.48 | 0.42 |
| Cash Ratio | 0.21 | 0.21 | 0.21 | 0.24 | 0.28 | 0.19 | 0.57 | 0.52 | 0.54 | 0.13 | 0.16 |
| Asset Turnover | — | 0.08 | 0.64 | 0.71 | 0.63 | 0.72 | 0.62 | 0.65 | 0.56 | 0.86 | 0.82 |
| Inventory Turnover | — | — | — | 40.66 | 1638.96 | 354.32 | 1105.21 | 31.13 | 12.48 | 97.64 | 58.03 |
| Days Sales Outstanding | — | 264.01 | 51.57 | 68.81 | 50.32 | 57.56 | 60.82 | 70.62 | 65.46 | 47.16 | 59.87 |
IQ Shareholder Yields
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.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | 1.4% | 0.8% | 0.5% | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 38.3% | 40.2% | — | — | — | — | — | — | — |
| FCF Yield | 0.1% | 0.5% | 99.2% | 68.3% | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 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% | 0.0% | 1.4% | 0.8% | 0.5% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $964M | $971M | $975M | $855M | $796M | $739M | $729M | $553M | $726M | $726M |
Peer Comparison
Compare IQ with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 IQYou | $998M | -33.4 | 1.4 | 695.9 | 21.1% | 6.0% | -0.2% | 0.7% | 1.2 |
 NFLX | $309B | 28.8 | 10.4 | 32.6 | 48.5% | 29.5% | 42.8% | 29.8% | 0.5 |
 BIDU | $38B | 64.4 | 39.3 | — | 43.9% | -4.5% | 1.9% | -1.2% | 11.6 |
 BILI | $7B | 43.9 | 13.6 | 9.0 | 36.6% | 3.7% | 8.0% | 7.7% | 2.9 |
 DIS | $178B | 15.0 | 11.3 | 17.7 | 37.8% | 14.6% | 11.3% | 6.9% | 2.3 |
 WBD | $68B | 92.9 | 13.7 | 21.9 | 28.2% | 3.5% | 2.0% | 1.5% | 4.7 |
 AMZN | $2.5T | 32.5 | 17.6 | 325.3 | 50.3% | 11.2% | 22.3% | 14.7% | 1.0 |
 FUBO | $259M | -36.8 | — | — | 11.1% | -2.6% | 11.0% | -3.3% | — |
 ROKU | $20B | 229.2 | 57.5 | 41.7 | 43.8% | -0.1% | 3.4% | -0.3% | 2.6 |
 HUYA | $515M | -31.8 | — | — | 13.4% | -2.5% | -1.8% | -2.3% | — |
 DOYU | $140M | -34.6 | -18.9 | — | 12.8% | 0.3% | -0.9% | 0.5% | 0.2 |
| Communication Services Median | — | 15.3 | 9.7 | 11.2 | 48.5% | 1.6% | 2.0% | 2.6% | 3.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 11 years · Updated daily
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IQ — Frequently Asked Questions
Quick answers to the most common questions about buying IQ stock.
What is iQIYI, Inc.'s P/E ratio?
iQIYI, Inc.'s current P/E ratio is -33.4x. The historical average is 2.6x.
What is iQIYI, Inc.'s EV/EBITDA?
iQIYI, Inc.'s current EV/EBITDA is 1.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 2.4x.
What is iQIYI, Inc.'s ROE?
iQIYI, Inc.'s return on equity (ROE) is -0.2%. The historical average is -37.7%.
Is IQ stock overvalued?
Based on historical data, iQIYI, Inc. is trading at a P/E of -33.4x. Compare with industry peers and growth rates for a complete picture.
What are iQIYI, Inc.'s profit margins?
iQIYI, Inc. has 21.1% gross margin and 6.0% operating margin.
How much debt does iQIYI, Inc. have?
iQIYI, Inc.'s Debt/EBITDA ratio is 1.2x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.