Qfin Holdings, Inc. (QFIN) Financial Ratios
10 years of historical data (2016–2025) · Financial Services · Financial - Credit Services
EV/EBITDA
↑
1.75
↑+721% vs avg
5yr avg: 0.21
30Y Low0.1·High0.4
P/FCF
↓
1.24
↑+166% vs avg
5yr avg: 0.46
30Y Low0.1·High5.7
P/B Ratio
↓
0.29
↑+75% vs avg
5yr avg: 0.17
30Y Low0.1·High0.4
ROE
↓
24.0%
-16% vs avg
5yr avg: 28.5%
30Y Low21%·High47%
Debt/EBITDA
↑
0.53
↑+170% vs avg
5yr avg: 0.20
30Y Low0.0·High0.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
QFIN Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Qfin Holdings, Inc. trades at 1.2x earnings, 88% above its 5-year average of 0.6x, sitting at the 100th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a discount of 91%. On a free-cash-flow basis, the stock trades at 1.2x P/FCF, 166% above the 5-year average of 0.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.0B | $1.3B | $5.8B | $2.6B | $3.3B | $3.7B | $1.8B | $1.5B | $1.6B | — | — |
| Enterprise Value | $1.9B | $438M | $2.8B | $-751655253 | $-3706731568 | $-2008179773 | $-2395297247 | $-417018574 | $127M | — | — |
| P/E Ratio → | 1.20 | 0.23 | 0.92 | 0.61 | 0.80 | 0.65 | 0.55 | 0.59 | — | — | — |
| P/S Ratio | 0.72 | 0.07 | 0.34 | 0.16 | 0.20 | 0.22 | 0.13 | 0.20 | 0.42 | — | — |
| P/B Ratio | 0.29 | 0.05 | 0.24 | 0.12 | 0.17 | 0.24 | 0.19 | 0.20 | 0.35 | — | — |
| P/FCF | 1.24 | 0.12 | 0.63 | 0.37 | 0.56 | 0.64 | 0.34 | 0.50 | 5.69 | — | — |
| P/OCF | 1.21 | 0.12 | 0.62 | 0.37 | 0.55 | 0.64 | 0.34 | 0.49 | 5.51 | — | — |
P/E links to full P/E history page with 30-year chart
QFIN EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Qfin Holdings, Inc.'s enterprise value stands at 1.7x EBITDA, 721% above its 5-year average of 0.2x. The Financial Services sector median is 11.4x, placing the stock at a 85% 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 | — | 0.02 | 0.16 | -0.05 | -0.22 | -0.12 | -0.18 | -0.06 | 0.03 | — | — |
| EV / EBITDA | 1.75 | 0.06 | 0.36 | -0.15 | -0.81 | -0.29 | -0.63 | -0.14 | 0.08 | — | — |
| EV / EBIT | 1.98 | 0.06 | 0.35 | -0.10 | -0.42 | -0.20 | -0.28 | -0.14 | 0.08 | — | — |
| EV / FCF | — | 0.04 | 0.30 | -0.11 | -0.63 | -0.35 | -0.45 | -0.14 | 0.46 | — | — |
QFIN Profitability
Margins and return-on-capital ratios measuring operating efficiency
Qfin Holdings, Inc. earns an operating margin of 33.9%, above the Financial Services sector average of 20.3%. Operating margins have expanded from 29.8% to 33.9% over the past 3 years, signaling improving operational efficiency. ROE of 24.0% indicates solid capital efficiency, compared to the sector median of 9.0%. ROIC of 17.7% represents solid returns on invested capital versus a sector median of 5.5%.
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 | 81.5% | 81.5% | 61.8% | 64.1% | 70.7% | 77.2% | 76.4% | 87.1% | 93.2% | 90.2% | -694.8% |
| Operating Margin | 33.9% | 33.9% | 43.9% | 29.8% | 27.0% | 40.8% | 27.9% | 41.4% | 44.6% | 32.6% | -1727.6% |
| Net Profit Margin | 31.0% | 31.0% | 36.5% | 26.3% | 24.3% | 34.8% | 25.8% | 34.9% | 32.0% | 25.2% | -1249.5% |
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 | 24.0% | 24.0% | 27.1% | 20.9% | 23.6% | 46.8% | 41.9% | 42.9% | 46.1% | 46.3% | — |
| ROA | 11.0% | 11.0% | 13.3% | 9.9% | 10.9% | 20.0% | 15.6% | 18.1% | 22.8% | 10.3% | -55.5% |
| ROIC | 17.7% | 17.7% | 23.3% | 17.4% | 19.3% | 40.2% | 33.2% | 37.5% | 48.1% | 44.9% | — |
| ROCE | 20.4% | 20.4% | 25.2% | 17.2% | 17.8% | 28.7% | 17.4% | 22.1% | 32.9% | 13.6% | -84.5% |
QFIN Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Qfin Holdings, Inc. carries a Debt/EBITDA ratio of 0.5x, which is very conservative (87% below the sector average of 4.3x). The company holds a net cash position — cash of $4.7B exceeds total debt of $3.8B, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.16 | 0.16 | 0.06 | 0.04 | 0.01 | 0.03 | 0.02 | 0.03 | — | — | — |
| Debt / EBITDA | 0.53 | 0.53 | 0.18 | 0.17 | 0.04 | 0.06 | 0.06 | 0.07 | — | — | — |
| Net Debt / Equity | — | -0.04 | -0.13 | -0.15 | -0.37 | -0.37 | -0.44 | -0.26 | -0.33 | -0.64 | — |
| Net Debt / EBITDA | -0.12 | -0.12 | -0.40 | -0.68 | -1.54 | -0.83 | -1.10 | -0.63 | -0.87 | -2.19 | — |
| Debt / FCF | — | -0.08 | -0.33 | -0.48 | -1.18 | -0.99 | -0.79 | -0.64 | -5.23 | — | — |
| Interest Coverage | — | — | — | — | — | — | — | 71.15 | 23.17 | 14.76 | — |
Net cash position: cash ($4.7B) exceeds total debt ($3.8B)
QFIN 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 $4.7B cash position helps mitigate short-term liquidity concerns. The current ratio has declined from 0.67x 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 | 0.69 | 0.67 | 1.04 | 1.30 | 22.56 | 15.07 | 17.71 | 30.49 | 9.70 |
| Quick Ratio | 0.47 | 0.47 | 0.69 | 0.67 | 1.04 | 1.30 | 22.56 | 15.07 | 17.71 | 30.49 | 9.70 |
| Cash Ratio | 0.19 | 0.19 | 0.24 | 0.26 | 0.53 | 0.61 | 7.87 | 3.97 | 4.37 | 10.96 | 0.76 |
| Asset Turnover | — | 0.33 | 0.36 | 0.36 | 0.41 | 0.50 | 0.56 | 0.35 | 0.51 | 0.21 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
QFIN Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Qfin Holdings, Inc. returns 55.9% to shareholders annually — split between a 19.7% dividend yield and 36.2% buyback yield. The payout ratio of 23.8% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 83.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
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 | 19.7% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 23.8% | 23.8% | 20.2% | 22.0% | 24.6% | — | — | — | — | — | — |
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 | 83.2% | 444.1% | 109.2% | 164.8% | 124.9% | 154.9% | 182.6% | 170.0% | — | — | — |
| FCF Yield | 81.0% | 827.0% | 157.8% | 270.7% | 179.8% | 156.4% | 293.8% | 200.5% | 17.6% | — | — |
| Buyback Yield | 36.2% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 55.9% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $68M | $152M | $164M | $161M | $161M | $153M | $150M | $101M | $144M | $198M |
Peer Comparison
Compare QFIN 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 |
|---|---|---|---|---|---|---|---|---|---|
 QFINYou | $2B | 1.2 | 1.7 | 1.2 | 81.5% | 33.9% | 24.0% | 17.7% | 0.5 |
 LX | $337M | 1.5 | 1.4 | 0.7 | 72.3% | 17.7% | 14.4% | 10.4% | 2.0 |
 FINV | $1B | 3.4 | 1.0 | 4.5 | 78.6% | 21.8% | 15.3% | 12.8% | 0.4 |
 CNF | $1M | -0.0 | — | 0.1 | 87.0% | -11.2% | -12.0% | -0.6% | — |
 UPST | $3B | 72.1 | 54.3 | — | 95.2% | 5.1% | 7.5% | 1.7% | 23.4 |
 LC | $2B | 16.7 | 3.3 | — | 64.7% | 25.0% | 9.5% | 17.3% | 0.0 |
 SOFI | $23B | 45.9 | 26.0 | — | 75.1% | 11.0% | 5.7% | 3.6% | 2.4 |
 AFRM | $25B | 492.8 | 225.8 | 40.9 | 67.5% | -2.7% | 1.8% | -0.7% | 57.0 |
 CACC | $6B | 15.4 | 10.5 | 5.7 | 98.7% | 47.6% | 25.9% | 10.4% | 5.6 |
 OMF | $7B | 8.9 | 22.2 | 2.2 | 47.6% | 16.0% | 23.8% | 3.0% | 17.6 |
 BIDU | $38B | 64.3 | 39.3 | — | 43.9% | -4.5% | 1.9% | -1.2% | 11.6 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 10 years · Updated daily
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
QFIN — Frequently Asked Questions
Quick answers to the most common questions about buying QFIN stock.
What is Qfin Holdings, Inc.'s P/E ratio?
Qfin Holdings, Inc.'s current P/E ratio is 1.2x. The historical average is 0.6x. This places it at the 100th percentile of its historical range.
What is Qfin Holdings, Inc.'s EV/EBITDA?
Qfin Holdings, Inc.'s current EV/EBITDA is 1.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 0.2x.
What is Qfin Holdings, Inc.'s ROE?
Qfin Holdings, Inc.'s return on equity (ROE) is 24.0%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 35.5%.
Is QFIN stock overvalued?
Based on historical data, Qfin Holdings, Inc. is trading at a P/E of 1.2x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Qfin Holdings, Inc.'s dividend yield?
Qfin Holdings, Inc.'s current dividend yield is 19.68% with a payout ratio of 23.8%.
What are Qfin Holdings, Inc.'s profit margins?
Qfin Holdings, Inc. has 81.5% gross margin and 33.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Qfin Holdings, Inc. have?
Qfin Holdings, Inc.'s Debt/EBITDA ratio is 0.5x, indicating low leverage. A ratio below 2x is generally considered financially healthy.