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LI · Nasdaq · United States · Motor Vehicles & Passenger Car Bodies
In shortLi Auto Inc. is profitable, burns cash and holds more cash than debt, with revenue shrinking (−22.3% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | -0.5% | 15/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 1.0% | 24/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 1.6% | 8/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | -0.6% | 0/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.81× | 85/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.13× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | -3.10× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 3.35 | 58/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -11.4% | 0/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | -11.40× | 0/100 |
| Years with positive free cash flow (last 5) | 4 of 5 | 75/100 |
Weight in the score: 20%
| Profitable years (last 5) | 3 of 5 | 60/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 92.8% | 0/100 |
| Operating margin volatility | 5.9% | 56/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 35.4% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
3 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
CNY millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 27,010 | 45,287 | 123,851 | 144,460 | 112,313 |
| Cost of revenue | 21,248 | 36,496 | 96,355 | 114,804 | 91,327 |
| Gross profit | 5,761 | 8,790 | 27,497 | 29,656 | 20,985 |
| Research & development | 3,286 | 6,780 | 10,586 | 11,071 | 11,315 |
| Selling, general & admin | 3,492 | 5,665 | 9,768 | 12,229 | 10,665 |
| Operating income | (1,017) | (3,655) | 7,407 | 7,019 | (521) |
| Interest expense | 63 | 106 | 86 | 188 | 168 |
| Pre-tax income | (153) | (2,159) | 10,452 | 9,316 | 1,297 |
| Income tax | 169 | (127) | (1,357) | 1,270 | 158 |
| Net income | (321) | (2,012) | 11,704 | 8,032 | 1,124 |
| Diluted EPS | −¥0.17 | −¥1.04 | ¥5.55 | ¥3.79 | ¥0.54 |
| Diluted shares (millions) | 1,853 | 1,941 | 2,115 | 2,129 | 2,143 |
3 older years available with the 10-year history. Essential plan, from €8.25/month →
3.35 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
2/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Apr 10, 2026