Last 36 quarters of trend data · Communication Services · Entertainment
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
EV/EBITDA has expanded 1563.4% YoY to 182.6x, reflecting rising market expectations or slowing EBITDA growth.
| 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 → | -33.40 | — | — | — | 2.97 | — | 3.11 | 13.11 | 1.56 | 2.49 | 2.42 | 3.81 | 2.89 |
| — | — | — | — | +91.2% | — | +28.5% | +243.6% | -46.2% | -34.2% | — | — | -46.5% | |
| P/S Ratio | 1.78 | 0.48 | 0.66 | 0.47 | 0.55 | 0.07 | 0.10 | 0.12 | 0.13 | 0.15 | 0.14 | 0.17 | 0.21 |
| — | +560.7% | +591.4% | +285.0% | +328.4% | -52.7% | -34.0% | -27.9% | -38.5% | +1.6% | +83.6% | +22.4% | +64.4% | |
| P/B Ratio | 0.51 | 0.14 | 0.19 | 0.13 | 0.16 | 0.14 | 0.21 | 0.28 | 0.32 | 0.39 | 0.41 | 0.49 | 0.66 |
| — | -3.9% | -11.3% | -54.3% | -50.0% | -63.0% | -49.0% | -43.3% | -51.3% | -46.3% | -5.3% | -15.0% | +22.2% | |
| P/FCF | 695.86 | — | — | — | 1.73 | 1.02 | 2.95 | 2.35 | 1.12 | 1.94 | 1.40 | 1.50 | 1.75 |
| — | — | — | — | +54.3% | -47.3% | +110.2% | +56.9% | -36.1% | +37.1% | — | — | — | |
| EV / EBITDA | 1.37 | 182.57 | — | — | 68.31 | 10.98 | 1.55 | 1.55 | 3.89 | 1.47 | 1.40 | 1.56 | 2.24 |
| — | +1563.4% | — | — | +1654.7% | +647.4% | +10.7% | -0.1% | +73.8% | -86.3% | -12.2% | -7.6% | +34.8% | |
| EV / EBIT | 78.19 | 416.58 | — | — | 68.61 | 11.03 | 6.54 | 10.12 | 3.82 | 4.89 | 5.10 | 6.39 | 7.02 |
| — | +3675.2% | — | — | +1698.5% | +125.5% | +28.1% | +58.5% | -45.6% | -52.6% | — | -97.8% | -43.9% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
iQIYI, Inc.'s operating margin was 0.8% in Q4 2025, up 2.6 pp QoQ and down 3.5 pp YoY. Gross margin contracted 14.8% 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 | 21.1% | 20.9% | 18.2% | 20.1% | 24.8% | 24.5% | 22.0% | 23.7% | 29.0% | 28.2% | 27.1% | 26.0% | 28.7% |
| — | -14.8% | -17.4% | -14.9% | -14.5% | -13.2% | -18.9% | -9.0% | +1.1% | -2.2% | +14.8% | +22.9% | +58.8% | |
| Operating Margin | 6.0% | 0.8% | -1.8% | -0.7% | 4.8% | 4.3% | 3.3% | 4.6% | 11.9% | 10.0% | 9.3% | 7.8% | 10.3% |
| — | -81.1% | -155.3% | -115.1% | -60.1% | -57.0% | -64.6% | -41.2% | +15.9% | +125.9% | +124.8% | +120.2% | +701.2% | |
| Net Margin | -0.8% | -0.1% | -3.7% | -2.0% | 2.5% | -2.9% | 3.2% | 0.9% | 8.3% | 6.0% | 5.9% | 4.7% | 7.4% |
| — | +97.0% | -217.7% | -318.5% | -69.3% | -147.3% | -46.7% | -80.3% | +11.7% | +51.0% | +212.3% | +254.7% | +218.6% |
| 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 | -0.2% | -0.0% | -0.3% | -0.1% | 0.2% | -1.4% | 1.7% | 0.5% | 5.3% | 4.0% | 4.3% | 3.4% | 7.3% |
| — | +99.6% | -114.9% | -125.6% | -96.5% | -135.9% | -59.5% | -84.4% | -27.8% | -23.2% | +164.5% | +212.4% | +170.5% | |
| ROA | -0.1% | -0.0% | -0.1% | -0.0% | 0.1% | -0.4% | 0.5% | 0.1% | 1.4% | 1.1% | 1.1% | 0.8% | 1.3% |
| — | +99.6% | -115.2% | -127.0% | -96.3% | -139.8% | -54.6% | -81.0% | +14.4% | +53.7% | +218.2% | +264.3% | +220.7% | |
| ROIC | 0.7% | 0.0% | -0.1% | -0.0% | 0.1% | 0.9% | 0.8% | 1.1% | 3.1% | 2.5% | 2.5% | 1.8% | 2.5% |
| — | -97.3% | -106.9% | -101.8% | -95.2% | -64.8% | -69.5% | -37.4% | +20.8% | +124.9% | +138.8% | +116.5% | +652.3% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
iQIYI, Inc.'s Debt/EBITDA ratio is 872.1x — elevated, raising questions about debt serviceability. The current ratio has improved 5.1% YoY to 0.47x, strengthening the short-term liquidity position. Debt/Equity has risen for 3 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| 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 | 1.17 | 1.17 | 1.11 | 1.07 | 1.10 | 1.06 | 1.03 | 1.27 | 1.23 | 1.25 | 1.36 | 1.40 | 2.23 |
| — | +10.0% | +7.6% | -15.9% | -10.3% | -15.4% | -24.3% | -9.3% | -45.0% | -63.5% | -63.3% | -52.6% | -16.2% | |
| Debt / EBITDA | 1.19 | 872.09 | — | — | 318.38 | 49.46 | 6.42 | 7.43 | 16.57 | 5.75 | 5.46 | 5.61 | 8.11 |
| — | +1663.2% | — | — | +1821.6% | +760.2% | +17.7% | +32.5% | +104.3% | -88.1% | -19.6% | -13.6% | +21.5% | |
| Current Ratio | 0.47 | 0.47 | 0.44 | 0.42 | 0.46 | 0.44 | 0.45 | 0.53 | 0.60 | 0.57 | 0.51 | 0.58 | 0.73 |
| — | +5.1% | -1.4% | -21.0% | -23.8% | -21.6% | -13.1% | -9.0% | -18.0% | +15.4% | +37.8% | +57.8% | +35.8% | |
| Quick Ratio | 0.47 | 0.47 | 0.44 | 0.42 | 0.46 | 0.44 | 0.45 | 0.53 | 0.60 | 0.54 | 0.51 | 0.58 | 0.73 |
| — | +5.1% | -1.4% | -21.0% | -23.8% | -17.9% | -13.0% | -9.0% | -18.0% | +10.3% | +38.0% | +59.2% | +36.6% | |
| Interest Coverage | 1.76 | 0.25 | -0.55 | -0.20 | 1.46 | 1.21 | 1.96 | 1.19 | 3.42 | 2.81 | 2.75 | 2.35 | 3.27 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 36 years · Updated daily
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Quick answers to the most common questions about buying IQ stock.
iQIYI, Inc.'s current P/E is -33.4x. The average P/E over the last 1 quarters is 3.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
iQIYI, Inc.'s current operating margin is 6.0%. 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 iQIYI, Inc.'s business trajectory between earnings reports.