Latest Ratios: P/E Ratio -0.5x · EV/EBITDA N/A · ROE -36.9%. (2017–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $7M | $2M | $109M | $132M | $109M | $790M | $5.9B | — | — | — |
| Enterprise Value | $18M | $78M | $168M | $193M | $85M | $916M | $5.9B | — | — | — |
| P/E Ratio → | -0.45 | — | 2021.54 | 2.45 | — | — | 125666.67 | — | — | — |
| P/S Ratio | 0.02 | 0.00 | 0.04 | 0.04 | 0.03 | 0.20 | 2.30 | — | — | — |
| P/B Ratio | 0.20 | 0.00 | 0.24 | 0.26 | 0.22 | 1.63 | 9.83 | — | — | — |
| P/FCF | — | — | — | — | 1.76 | — | — | — | — | — |
| P/OCF | — | — | — | — | 1.46 | — | 533.43 | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.03 | 0.06 | 0.05 | 0.02 | 0.23 | 2.30 | — | — | — |
| EV / EBITDA | — | — | 14.86 | 10.72 | 1.32 | — | — | — | — | — |
| EV / EBIT | — | — | — | — | 3.18 | — | — | — | — | — |
| EV / FCF | — | — | — | — | 1.36 | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 0.5% | 0.5% | 2.4% | 4.5% | 6.6% | 4.4% | 7.5% | 7.9% | 7.9% | 4.4% |
| Operating Margin | -7.2% | -7.2% | -0.3% | -0.2% | 0.9% | -2.1% | -0.8% | 1.0% | -3.5% | -3.3% |
| Net Profit Margin | -5.9% | -5.9% | 0.1% | 0.1% | -0.3% | -3.9% | 0.1% | -0.7% | -2.9% | -2.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -36.9% | -36.9% | 0.6% | 0.7% | -2.7% | -29.1% | 0.6% | — | — | -11.2% |
| ROA | -17.9% | -17.9% | 0.3% | 0.3% | -1.2% | -13.9% | 0.4% | -2.2% | -11.0% | -4.6% |
| ROIC | -29.0% | -29.0% | -1.4% | -1.1% | 4.9% | -10.4% | -2.5% | — | — | -12.2% |
| ROCE | -39.1% | -39.1% | -1.9% | -1.4% | 6.5% | -14.2% | -4.3% | 7.5% | -29.1% | -16.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.33 | 0.33 | 0.26 | 0.21 | 0.14 | 0.32 | 0.18 | — | — | 0.14 |
| Debt / EBITDA | — | — | 10.78 | 5.88 | 1.11 | — | — | 4.63 | — | — |
| Net Debt / Equity | — | 0.22 | 0.13 | 0.12 | -0.05 | 0.26 | 0.02 | — | — | 0.06 |
| Net Debt / EBITDA | — | — | 5.20 | 3.36 | -0.38 | — | — | 0.87 | — | — |
| Debt / FCF | — | — | — | — | -0.39 | — | — | — | — | — |
| Interest Coverage | -42.45 | -42.45 | -3.08 | -6.17 | 4.67 | -11.53 | -2.92 | 2.33 | -9.30 | -8.94 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.03 | 1.03 | 1.40 | 1.52 | 1.47 | 1.26 | 1.58 | 1.15 | 1.21 | 1.32 |
| Quick Ratio | 1.03 | 1.03 | 1.40 | 1.52 | 1.46 | 1.24 | 1.56 | 1.12 | 1.17 | 1.32 |
| Cash Ratio | 0.10 | 0.10 | 0.19 | 0.25 | 0.33 | 0.34 | 0.64 | 0.40 | 0.38 | 0.34 |
| Asset Turnover | — | 3.16 | 3.51 | 3.59 | 3.62 | 3.51 | 2.28 | 2.76 | 3.14 | 2.14 |
| Inventory Turnover | — | — | — | 1256.50 | 639.49 | 271.60 | 401.53 | 115.14 | 148.14 | — |
| Days Sales Outstanding | — | 48.67 | 47.19 | 54.72 | 50.06 | 48.60 | 53.92 | 55.56 | 39.96 | 75.12 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 0.0% | 40.8% | — | — | 0.0% | — | — | — |
| FCF Yield | — | — | — | — | 56.9% | — | — | — | — | — |
| Buyback Yield | 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% | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $2M | $832051 | $999630 | $1M | $790452 | $873324 | $269514 | $269514 | $718906 |
Regulatory labor classification risk
As reported in recent financial filings, Quhuo Limited trades at a price-to-sales multiple of 0.01, a valuation level that suggests the market is pricing the firm as a distressed asset rather than a viable growth-oriented technology entity within the Chinese platform economy.
The absence of a meaningful P/E ratio and the depressed P/B of 0.17 indicate that investors have largely abandoned the growth thesis, viewing the company's revenue base as highly fragile. This valuation suggests that the market anticipates further contraction, as the current multiples fail to assign any premium for the company's role as a labor aggregator for major platforms.
Based on the company's reported figures, ROIC has deteriorated to -5.3% in 2025Q2, marking a significant decline from the positive returns observed in late 2024 and highlighting the firm's inability to generate value from its capital base in a high-volume, low-margin environment.
The negative trend in ROIC suggests that the company is effectively destroying shareholder value with every dollar deployed into its operations. This decay is driven by the inability to achieve operating leverage, as the cost of managing a transient workforce consistently outpaces the revenue generated from service contracts.
According to the latest quarterly data, the company's Days Sales Outstanding has increased to 63 days in 2025Q2, indicating a lengthening collection cycle that exacerbates the liquidity pressure inherent in a business model with razor-thin gross margins of only 0.4%.
The rising DSO suggests that Quhuo is increasingly acting as a financing vehicle for its larger platform clients, which places significant strain on its own cash conversion cycle. This inefficiency is particularly dangerous given the company's reliance on immediate cash outflows to cover worker wages and insurance obligations.
As indicated by the financial statements, the current ratio has remained stagnant at 1.27 in 2025Q2, which, when combined with the rapid depletion of cash reserves, leaves the company with a limited margin of safety to navigate potential regulatory or operational shocks.
While the current ratio appears superficially adequate, the lack of high-quality liquid assets suggests that the company may struggle to meet short-term obligations if client payments are delayed further. Investors should monitor the cash burn rate closely, as the current liquidity position provides little runway for a strategic turnaround.
The most commonly misapplied metric for Quhuo Limited is the price-to-sales ratio, which obscures the reality that the company's revenue is likely recognized on a gross basis, significantly inflating the perceived scale of the business relative to its actual economic value-add.
Analysts should instead focus on the 'take rate' or net revenue, which would provide a more accurate picture of the company's true earning power. Using gross revenue multiples in a labor-brokerage model leads to a fundamental misunderstanding of the company's margin profile and its lack of pricing power.
Includes 30+ ratios · 9 years · Updated daily
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Quick answers to the most common questions about buying QH stock.
Quhuo Limited's current P/E ratio is -0.5x. The historical average is 2.5x.
Quhuo Limited's return on equity (ROE) is -36.9%. The historical average is -11.2%.
Based on historical data, Quhuo Limited is trading at a P/E of -0.5x. Compare with industry peers and growth rates for a complete picture.
Quhuo Limited has 0.5% gross margin and -7.2% operating margin.