Last 22 quarters of trend data · Communication Services · Internet Content & Information
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -0.30 | — | — | — | — | — | 3.09 | 1.04 | 0.29 | 0.59 | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 94.78 | 0.05 | 0.08 | 0.09 | 0.16 | 0.09 | 0.08 | 0.10 | 0.19 | 0.07 | 0.15 | 0.28 | 0.63 |
| — | -49.2% | -0.1% | -18.2% | -12.9% | +20.2% | -47.4% | -62.8% | -70.2% | -60.2% | -7.7% | -20.5% | +13.6% | |
| P/B Ratio | 0.34 | 0.07 | 0.11 | 0.10 | 0.12 | 0.10 | 0.08 | 0.10 | 0.11 | 0.11 | 0.18 | 0.26 | 0.32 |
| — | -28.3% | +32.5% | +0.9% | +8.3% | -11.2% | -53.4% | -62.7% | -65.4% | -51.7% | +4.9% | +17.5% | +22.9% | |
| P/FCF | — | — | 50.53 | 74.08 | — | 0.14 | 54.96 | — | — | 0.03 | — | — | — |
| — | — | -8.1% | — | — | +330.0% | — | — | — | -93.1% | — | — | — | |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | -0.69 | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | — | — | — | — | — | — | — | — | — | -0.68 | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
36Kr Holdings Inc.'s operating margin was -12.0% in Q4 2023, up 11.6 pp QoQ and up 8.8 pp YoY. The trailing four-quarter average of -32.6% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 9.9% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 48.6% | 55.7% | 56.3% | 55.4% | 41.6% | 50.7% | 62.4% | 62.3% | 51.8% | 65.0% | 56.1% | 57.4% | 53.7% |
| — | +9.9% | -9.8% | -11.1% | -19.7% | -22.0% | +11.3% | +8.5% | -3.4% | +55.1% | +47.9% | +97.9% | +542.4% | |
| Operating Margin | -33.7% | -12.0% | -23.6% | -21.8% | -73.0% | -20.8% | -2.3% | -14.7% | -14.0% | 12.0% | -38.5% | -47.1% | -95.2% |
| — | +42.3% | -949.9% | -48.1% | -421.4% | -272.9% | +94.2% | +68.7% | +85.3% | +119.1% | -189.9% | +53.2% | +36.2% | |
| Net Margin | -59.1% | -18.1% | -19.5% | -16.5% | -70.3% | -22.3% | 2.6% | 9.8% | 66.5% | 12.5% | -36.0% | -47.3% | -90.8% |
| — | +18.5% | -841.6% | -268.0% | -205.7% | -277.9% | +107.3% | +120.8% | +173.2% | +116.6% | -216.8% | +54.4% | +37.9% |
| Metric | TTM | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -71.9% | -6.9% | -6.5% | -4.6% | -11.9% | -6.1% | 0.7% | 2.3% | 10.2% | 4.9% | -10.1% | -10.3% | -10.7% |
| — | -13.9% | -1044.9% | -299.9% | -217.6% | -224.2% | +106.8% | +122.4% | +194.7% | +123.2% | -251.0% | +31.5% | +32.1% | |
| ROA | -37.2% | -4.0% | -3.9% | -2.8% | -7.3% | -3.9% | 0.5% | 1.6% | 6.6% | 3.0% | -6.4% | -6.8% | -7.2% |
| — | -3.1% | -937.9% | -281.3% | -211.1% | -230.3% | +107.3% | +122.8% | +191.0% | +120.3% | -225.1% | +31.4% | +33.9% | |
| ROIC | -30.9% | -3.5% | -6.6% | -5.4% | -11.8% | -5.6% | -0.6% | -3.8% | -2.2% | 4.6% | -10.5% | -9.0% | -9.2% |
| — | +37.1% | -978.6% | -42.9% | -432.5% | -220.3% | +94.2% | +58.3% | +75.9% | +130.6% | -258.9% | +28.3% | +40.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has weakened 15.7% YoY to 1.60x, tightening the short-term liquidity position. Debt/Equity has declined for 3 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.25 | 0.17 | 0.18 | 0.20 | 0.18 | 0.16 | 0.06 | 0.06 | 0.06 | 0.07 | 0.06 | 0.06 | 0.08 |
| — | +7.1% | +209.1% | +213.7% | +179.0% | +129.0% | -1.3% | -1.5% | -22.7% | +0.5% | -8.1% | -9.9% | +16.7% | |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | 1.49 | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 1.20 | 1.60 | 1.69 | 1.76 | 1.84 | 1.90 | 2.27 | 2.32 | 2.50 | 2.28 | 2.23 | 2.58 | 2.79 |
| — | -15.7% | -25.6% | -24.2% | -26.5% | -16.8% | +1.7% | -10.0% | -10.3% | -23.8% | -33.2% | -4.6% | -6.6% | |
| Quick Ratio | 1.20 | 1.60 | 1.69 | 1.76 | 1.84 | 1.90 | 2.27 | 2.32 | 2.50 | 2.08 | 2.23 | 2.58 | 2.79 |
| — | -15.7% | -25.6% | -24.2% | -26.5% | -8.6% | +1.7% | -10.0% | -10.3% | -28.5% | -33.2% | -4.6% | -6.6% | |
| Interest Coverage | — | — | — | — | — | -37.55 | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 22 years · Updated daily
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Start Comparison36Kr Holdings Inc.'s current P/E is -0.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
36Kr Holdings Inc.'s current operating margin is -33.7%. Margins have been expanding 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 36Kr Holdings Inc.'s business trajectory between earnings reports.