Last 26 quarters of trend data · Consumer Cyclical · Auto - Manufacturers
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 16.00 | — | 6.64 | 10.33 | 1.89 | 2.41 | 4.30 | 13.52 | 1.80 | 3.33 | 3.92 | 7.01 | 21.25 |
| — | — | +54.6% | -23.6% | +4.8% | -27.5% | +9.7% | +92.9% | -91.5% | — | — | — | -23.2% | |
| P/S Ratio | 1.68 | 0.23 | 0.24 | 0.26 | 0.15 | 0.16 | 0.15 | 0.32 | 0.24 | 0.27 | 0.31 | 0.35 | 0.31 |
| — | +47.9% | +59.4% | -17.7% | -37.4% | -41.6% | -52.0% | -9.4% | -22.4% | -52.8% | -70.1% | -46.6% | -59.8% | |
| P/B Ratio | 1.80 | 0.35 | 0.39 | 0.37 | 0.36 | 0.41 | 0.30 | 0.52 | 0.66 | 0.70 | 0.75 | 0.56 | 0.47 |
| — | -14.1% | +31.5% | -28.7% | -45.4% | -41.9% | -60.0% | -7.2% | +39.3% | +38.6% | -13.4% | -6.3% | -41.2% | |
| P/FCF | 29.53 | — | — | — | 1.06 | 0.75 | — | — | 0.68 | 0.71 | 0.96 | 0.98 | 1.64 |
| — | — | — | — | +55.2% | +5.4% | — | — | -58.4% | — | -94.9% | -92.1% | -56.7% | |
| EV / EBITDA | 20.46 | — | -0.71 | -3.01 | -1.51 | -2.49 | -9.49 | -13.33 | -2.31 | -1.99 | -1.39 | -1.31 | -4.30 |
| — | — | +92.5% | +77.4% | +34.5% | -25.2% | -583.3% | -919.1% | +46.3% | — | — | -107.6% | -138.6% | |
| EV / EBIT | 30.31 | — | -0.71 | -3.01 | -1.51 | -2.49 | -9.49 | -13.33 | -2.31 | -1.99 | -1.33 | -1.31 | -6.13 |
| — | — | +92.5% | +77.4% | +34.5% | -25.2% | -615.7% | -919.1% | +62.3% | — | — | -107.6% | -155.1% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Li Auto Inc.'s operating margin was -4.7% in Q3 2025, down 6.4 pp QoQ and down 12.3 pp YoY. The trailing four-quarter average of 1.5% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 24.1% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 20.5% | 16.3% | 20.1% | 20.5% | 20.2% | 21.5% | 19.5% | 20.6% | 23.5% | 22.0% | 21.8% | 20.4% | 20.2% |
| — | -24.1% | +2.9% | -0.5% | -13.8% | -2.4% | -10.4% | +1.1% | +16.1% | +86.8% | +1.2% | -9.9% | -9.8% | |
| Operating Margin | 4.4% | -4.7% | 1.8% | 1.1% | 8.0% | 7.6% | 1.1% | -2.9% | 7.3% | 6.6% | 5.2% | 1.8% | -0.8% |
| — | -160.9% | +68.9% | +136.4% | +10.0% | +16.1% | -79.8% | -263.6% | +1057.8% | +128.9% | +146.7% | +141.0% | -433.7% | |
| Net Margin | 5.6% | -2.3% | 3.6% | 2.5% | 8.1% | 6.6% | 3.5% | 2.3% | 13.6% | 8.1% | 8.0% | 4.9% | 1.5% |
| — | -134.8% | +3.8% | +8.5% | -40.5% | -19.4% | -56.5% | -53.3% | +831.4% | +146.4% | +213.1% | +4456.1% | -47.7% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.2% | -0.9% | 1.5% | 0.9% | 4.9% | 4.3% | 1.8% | 1.0% | 9.7% | 5.5% | 4.9% | 2.0% | 0.6% |
| — | -119.6% | -14.7% | -6.3% | -49.4% | -21.1% | -64.3% | -52.4% | +1648.2% | +240.0% | +431.5% | +7806.4% | -23.0% | |
| ROA | 5.3% | -0.4% | 0.7% | 0.4% | 2.1% | 1.9% | 0.7% | 0.4% | 4.2% | 2.5% | 2.4% | 1.0% | 0.3% |
| — | -121.1% | -9.2% | -0.5% | -49.2% | -25.9% | -68.9% | -60.9% | +1309.4% | +213.1% | +365.1% | +6185.9% | -38.7% | |
| ROIC | 209.3% | -2.4% | 1.1% | 0.7% | 18.7% | 158.4% | — | — | — | — | 16.2% | 1.5% | -0.5% |
| — | -101.5% | — | — | — | — | — | — | — | — | +513.5% | +194.0% | -641.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Debt/Equity has risen for 3 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.23 | 0.24 | 0.23 | 0.23 | 0.23 | 0.23 | 0.24 | 0.25 | 0.22 | 0.21 | 0.22 | 0.26 | 0.27 |
| — | +4.4% | -5.9% | -8.7% | +2.5% | +10.2% | +12.0% | -4.4% | -17.6% | -20.8% | -12.4% | +17.1% | +42.1% | |
| Debt / EBITDA | 1.74 | — | 12.59 | 19.84 | 4.13 | 4.51 | 12.68 | 21.75 | 3.30 | 3.84 | 4.58 | 11.97 | 43.18 |
| — | — | -0.7% | -8.8% | +25.2% | +17.5% | +176.9% | +81.8% | -92.4% | — | — | -96.1% | +60.4% | |
| Current Ratio | 1.82 | 1.80 | 1.73 | 1.87 | 1.82 | 1.76 | 1.76 | 1.53 | 1.57 | 1.69 | 1.77 | 2.16 | 2.45 |
| — | +2.3% | -1.3% | +22.2% | +15.9% | +4.1% | -0.5% | -29.3% | -35.7% | -40.3% | -45.6% | -44.4% | -43.4% | |
| Quick Ratio | 1.71 | 1.67 | 1.57 | 1.72 | 1.71 | 1.64 | 1.63 | 1.37 | 1.48 | 1.59 | 1.65 | 1.98 | 2.20 |
| — | +1.8% | -3.4% | +25.7% | +15.3% | +3.4% | -1.3% | -30.8% | -32.7% | -38.5% | -46.6% | -47.3% | -47.6% | |
| Interest Coverage | 33.85 | -39.02 | 10.83 | 5.67 | 56.88 | 60.52 | 7.73 | -25.95 | 221.29 | 195.21 | 52.76 | 10.25 | -3.48 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 26 years · Updated daily
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorSee our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationCompare performance and metrics against top competitors.
Start ComparisonLi Auto Inc.'s current P/E is 16.0x. The average P/E over the last 3 quarters is 6.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Li Auto Inc.'s current operating margin is 4.4%. 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 Li Auto Inc.'s business trajectory between earnings reports.