NYSE : ATHM
Autohome Inc. — Financial statements
Communication Services · Internet Content & Information · China
Last price 19.86 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.30B
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Financial statements
Autohome Inc. (ATHM) reported revenue of 5.49B CNY (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 5.49B | 6.45B | 7.04B | 7.18B | 6.94B | 7.24B |
| Cost of Revenue | 1.43B | 1.72B | 1.40B | 1.32B | 1.14B | 1.01B |
| Gross Profit | 4.06B | 4.74B | 5.64B | 5.87B | 5.80B | 6.23B |
| Selling, General & Admin | 2.87B | 3.04B | 3.52B | 3.55B | 3.37B | 3.30B |
| Research & Development | 1.03B | 1.06B | 1.32B | 1.35B | 1.42B | 1.40B |
| Other Operating Expenses | -183.51M | -133.97M | -203.21M | -168.95M | -230.13M | -255.00M |
| Operating Expenses | 3.72B | 3.97B | 4.64B | 4.73B | 4.56B | 4.45B |
| Operating Income | 334.86M | 769.29M | 1.00B | 1.14B | 1.25B | 1.78B |
| Interest & Investment Income | 592.62M | 659.81M | 791.90M | 831.01M | 565.09M | 395.25M |
| Earnings From Equity Investments | 59.22M | 102.77M | -109.09M | 29.13M | -49.77M | 301.00K |
| EBT Excluding Unusual Items | 986.71M | 1.53B | 1.69B | 2.00B | 1.76B | 2.18B |
| Pretax Income | 986.71M | 1.53B | 1.69B | 2.00B | 1.76B | 2.18B |
| Income Tax Expense | 83.61M | 141.75M | 62.96M | 72.16M | -61.78M | 34.01M |
| Earnings From Continuing Operations | 903.10M | 1.39B | 1.62B | 1.93B | 1.82B | 2.14B |
| Minority Interest in Earnings | 34.78M | -4.99M | -3.79M | -45.32M | -17.45M | 5.41M |
| Net Income | 937.88M | 1.39B | 1.62B | 1.88B | 1.81B | 2.15B |
| Net Income to Common | 937.88M | 1.39B | 1.62B | 1.88B | 1.81B | 2.15B |
| Shares Outstanding (Basic) | 115.59M | 117.55M | 121.24M | 122.49M | 124.79M | 124.97M |
| Shares Outstanding (Diluted) | 115.95M | 118.02M | 121.64M | 122.81M | 124.92M | 125.12M |
| EPS (Basic) | 8.11 | 11.78 | 13.36 | 15.35 | 14.48 | 17.19 |
| EPS (Diluted) | 8.07 | 11.72 | 13.32 | 15.32 | 14.48 | 17.16 |
| Free Cash Flow | 771.40M | 1.23B | 2.37B | 2.45B | 3.31B | |
| Free Cash Flow Per Share | 6.54 | 10.14 | 19.32 | 19.60 | 26.42 | |
| Dividend Per Share | 12.52 | 12.52 | 12.55 | 12.27 | 4.00 | 3.37 |
| Gross Margin | 73.97% | 73.40% | 80.14% | 81.67% | 83.61% | 86.06% |
| Operating Margin | 6.10% | 11.92% | 14.26% | 15.83% | 17.97% | 24.62% |
| Profit Margin | 17.09% | 21.47% | 23.01% | 26.17% | 26.04% | 29.69% |
| Free Cash Flow Margin | 11.96% | 17.52% | 33.03% | 35.28% | 45.67% | |
| EBITDA | 512.82M | 953.92M | 1.20B | 1.38B | 1.55B | 2.09B |
| EBITDA Margin | 9.35% | 14.79% | 17.07% | 19.23% | 22.37% | 28.89% |
| D&A For EBITDA | 177.95M | 184.63M | 197.98M | 244.46M | 305.19M | 309.02M |
| EBIT | 334.86M | 769.29M | 1.00B | 1.14B | 1.25B | 1.78B |
| EBIT Margin | 6.10% | 11.92% | 14.26% | 15.83% | 17.97% | 24.62% |
| Effective Tax Rate | 8.47% | 9.25% | 3.73% | 3.61% | 1.56% | |
| Revenue as Reported | 5.49B | 6.45B | 7.04B | 7.18B | 6.94B | 7.24B |
| Advertising Expenses | 1.00B | 1.29B | 1.43B | 1.40B | 1.34B |
Balance sheet
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.50B | 2.18B | 1.69B | 5.00B | 2.80B | 4.24B |
| Short-Term Investments | 15.66B | 17.06B | 21.62B | 18.55B | 19.28B | 16.50B |
| Cash & Short-Term Investments | 18.15B | 19.24B | 23.32B | 23.55B | 22.08B | 20.73B |
| Accounts Receivable | 1.43B | 1.56B | 1.42B | 1.49B | 1.98B | 2.22B |
| Other Receivables | 35.92M | 45.31M | 41.42M | 37.84M | 42.22M | |
| Receivables | 1.43B | 1.60B | 1.47B | 1.53B | 2.02B | 2.27B |
| Prepaid Expenses | 666.79M | 210.45M | 261.94M | 305.30M | 275.98M | |
| Restricted Cash | 76.28M | 74.42M | 88.52M | 126.79M | 9.18M | 89.86M |
| Other Current Assets | 62.35M | 29.68M | 13.84M | 43.70M | 238.03M | |
| Total Current Assets | 20.33B | 21.19B | 25.16B | 25.52B | 24.42B | 23.33B |
| Property, Plant & Equipment | 210.54M | 253.23M | 302.97M | 400.17M | 370.42M | 514.88M |
| Long-Term Investments | 1.60B | 2.57B | 339.25M | 448.34M | 419.21M | 70.72M |
| Goodwill | 3.94B | 3.94B | 3.94B | 3.94B | 3.94B | |
| Other Intangible Assets | 3.99B | 53.67M | 127.82M | 202.15M | 278.49M | 357.43M |
| Long-Term Deferred Tax Assets | 270.87M | 262.62M | 308.25M | 295.60M | 265.61M | 176.14M |
| Other Long-Term Assets | 169.24M | 43.15M | 37.67M | 22.67M | 15.35M | 12.73M |
| Total Assets | 26.57B | 28.31B | 30.22B | 30.84B | 29.72B | 28.40B |
| Accrued Expenses | 1.59B | 2.03B | 2.62B | 2.71B | 2.40B | 1.78B |
| Current Portion of Leases | 39.21M | 73.61M | 106.95M | 59.80M | 96.16M | |
| Current Income Taxes Payable | 119.77M | 82.00M | 185.98M | 227.26M | 251.12M | 233.34M |
| Current Unearned Revenue | 698.63M | 170.84M | 276.89M | 801.58M | 1.15B | 1.55B |
| Other Current Liabilities | 601.54M | 1.21B | 1.37B | 1.22B | 199.14M | 323.30M |
| Total Current Liabilities | 3.01B | 3.53B | 4.53B | 5.08B | 4.06B | 3.99B |
| Long-Term Leases | 45.71M | 21.54M | 23.10M | 89.19M | 50.59M | 28.62M |
| Long-Term Deferred Tax Liabilities | 457.22M | 458.27M | 468.08M | 497.95M | 517.93M | 576.80M |
| Total Liabilities | 3.51B | 4.01B | 5.02B | 5.66B | 4.63B | 4.59B |
| Common Stock | 21.84B | 8.66M | 8.66M | 8.60M | 8.55M | 8.52M |
| Additional Paid-In Capital | 8.22B | 8.23B | 8.21B | 8.06B | 7.89B | |
| Retained Earnings | 16.65B | 16.74B | 16.60B | 16.20B | 14.81B | |
| Treasury Stock | -2.24B | -1.52B | -1.34B | -750.34M | -31.20M | |
| Comprehensive Income & Other | 399.55M | 495.38M | 442.63M | 369.64M | -49.91M | |
| Total Common Equity | 21.84B | 23.04B | 23.95B | 23.93B | 23.89B | 22.62B |
| Minority Interest | 1.22B | 1.25B | 1.25B | 1.25B | 1.20B | 1.18B |
| Shareholders' Equity | 23.05B | 24.30B | 25.20B | 25.17B | 25.09B | 23.81B |
| Total Liabilities & Equity | 26.57B | 28.31B | 30.22B | 30.84B | 29.72B | 28.40B |
| Total Debt | 45.71M | 60.75M | 96.71M | 196.14M | 110.39M | 124.78M |
| Net Cash (Debt) | 18.11B | 19.18B | 23.22B | 23.35B | 21.97B | 20.61B |
| Net Cash Per Share | 156.19 | 162.50 | 190.88 | 190.15 | 175.88 | 164.71 |
| Filing Date Shares Outstanding | 112.63M | 115.76M | 119.82M | 120.85M | 123.19M | 126.30M |
| Total Common Shares Outstanding | 112.63M | 115.76M | 119.82M | 120.85M | 123.19M | 126.30M |
| Working Capital | 17.32B | 17.65B | 20.63B | 20.45B | 20.37B | 19.34B |
| Book Value Per Share | 193.87 | 199.04 | 199.89 | 198.00 | 193.93 | 179.14 |
| Tangible Book Value | 17.85B | 19.05B | 19.88B | 19.78B | 19.67B | 18.33B |
| Tangible Book Value Per Share | 158.45 | 164.53 | 165.93 | 163.71 | 159.67 | 145.10 |
| Machinery | 696.83M | 766.77M | 733.08M | 689.44M | 661.33M | |
| Leasehold Improvements | 30.94M | 43.56M | 87.82M | 86.83M | 87.72M |
Cash flow statement
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.39B | 1.62B | 1.88B | 1.81B | 2.15B | |
| Depreciation & Amortization | 273.42M | 304.51M | 352.57M | 424.02M | 431.16M | |
| Loss (Gain) From Sale of Assets | -2.90M | -1.83M | -874.00K | -1.11M | -1.20M | |
| Loss (Gain) From Sale of Investments | 14.74M | -44.88M | -29.70M | 118.21M | 107.53M | |
| Loss (Gain) on Equity Investments | -102.77M | 109.09M | -29.13M | 49.77M | -301.00K | |
| Stock-Based Compensation | 218.97M | 192.02M | 195.09M | 168.89M | 206.06M | |
| Provision & Write-off of Bad Debts | 32.67M | 35.29M | -24.36M | 8.83M | 53.29M | |
| Other Operating Activities | 40.80M | -38.74M | -4.64M | -130.89M | -156.60M | |
| Change in Accounts Receivable | -188.64M | 77.84M | 479.94M | 203.58M | 931.43M | |
| Change in Unearned Revenue | -106.06M | -524.69M | -345.55M | -405.88M | 237.35M | |
| Change in Income Taxes | -102.92M | -42.76M | -23.86M | 17.78M | 148.16M | |
| Change in Other Net Operating Assets | -572.99M | -312.29M | 1.85M | 304.71M | -581.51M | |
| Operating Cash Flow | 889.46M | 1.37B | 2.45B | 2.57B | 3.52B | |
| Capital Expenditures | -118.06M | -140.00M | -78.57M | -116.50M | -218.80M | |
| Sale of Property, Plant & Equipment | 5.81M | 3.96M | 921.00K | 1.72M | 1.03M | |
| Cash Acquisitions | -77.44M | |||||
| Sale (Purchase) of Intangibles | -329.00K | -1.04M | -810.00K | |||
| Investment in Securities | 2.26B | -2.92B | 1.08B | -2.99B | -3.52B | |
| Investing Cash Flow | 2.15B | -3.05B | 1.00B | -3.11B | -3.81B | |
| Issuance of Common Stock | 24.00K | 2.05M | 296.00K | 748.00K | 3.60B | |
| Repurchase of Common Stock | -1.05B | -223.06M | -633.80M | -719.13M | -31.20M | |
| Common Dividends Paid | -1.48B | -1.48B | -490.99M | -421.68M | -673.38M | |
| Financing Cash Flow | -2.53B | -1.70B | -1.12B | -1.14B | 2.90B | |
| Foreign Exchange Rate Adjustments | -40.30M | 39.26M | -14.61M | 168.32M | -46.81M | |
| Net Cash Flow | 467.81M | -3.34B | 2.31B | -1.52B | 2.56B | |
| Free Cash Flow | 771.40M | 1.23B | 2.37B | 2.45B | 3.31B | |
| Free Cash Flow Margin | 11.96% | 17.52% | 33.03% | 35.28% | 45.67% | |
| Free Cash Flow Per Share | 6.54 | 10.14 | 19.32 | 19.60 | 26.42 | |
| Levered Free Cash Flow | -206.55M | 599.53M | 2.52B | 1.61B | 2.49B | |
| Unlevered Free Cash Flow | -206.55M | 599.53M | 2.52B | 1.61B | 2.49B | |
| Cash Income Tax Paid | 187.94M | 153.50M | 159.09M | 284.33M | 340.21M | |
| Change in Working Capital | -970.60M | -801.89M | 112.38M | 120.19M | 735.43M |
Ratios
Fiscal year January - December; amounts in CNY.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.30B | 2.60B | 3.14B | 3.45B | 3.82B | 3.75B |
| Enterprise Value | -366.95M | -293.80M | 37.73M | 422.25M | 992.51M | 965.24M |
| Last Close Price | 19.86 | 21.51 | 23.32 | 23.65 | 24.29 | 22.98 |
| PE Ratio | 16.72 | 13.13 | 14.16 | 13.02 | 14.57 | 11.10 |
| Forward PE | 15.63 | 11.62 | 11.81 | 13.04 | 13.27 | 9.22 |
| PS Ratio | 2.85 | 2.82 | 3.26 | 3.41 | 3.79 | 3.29 |
| PB Ratio | 0.70 | 0.75 | 0.91 | 0.97 | 1.05 | 1.00 |
| P/TBV Ratio | 0.88 | 0.95 | 1.15 | 1.24 | 1.34 | 1.30 |
| P/FCF Ratio | 19.84 | 23.58 | 18.60 | 10.32 | 10.75 | 7.22 |
| P/OCF Ratio | 20.45 | 16.71 | 9.99 | 10.26 | 6.77 | |
| PEG Ratio | 11.70 | 11.70 | 17.53 | 10.14 | 10.14 | |
| EV/Sales Ratio | 0.04 | 0.42 | 0.99 | 0.85 | ||
| EV/EBITDA Ratio | 0.23 | 2.17 | 4.41 | 2.93 | ||
| EV/EBIT Ratio | 0.27 | 2.63 | 5.49 | 3.44 | ||
| EV/FCF Ratio | 0.22 | 1.26 | 2.80 | 1.85 | ||
| Debt / Equity Ratio | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.01 |
| Debt / EBITDA Ratio | 0.07 | 0.05 | 0.07 | 0.12 | 0.06 | 0.05 |
| Debt / FCF Ratio | 0.08 | 0.08 | 0.08 | 0.04 | 0.04 | |
| Net Debt / Equity Ratio | -0.79 | -0.79 | -0.92 | -0.93 | -0.88 | -0.87 |
| Net Debt / EBITDA Ratio | -35.31 | -20.11 | -19.32 | -16.90 | -14.15 | -9.86 |
| Net Debt / FCF Ratio | -24.86 | -18.83 | -9.84 | -8.97 | -6.24 | |
| Asset Turnover | 0.20 | 0.22 | 0.23 | 0.24 | 0.24 | 0.28 |
| Quick Ratio | 6.51 | 5.90 | 5.47 | 4.94 | 5.94 | 5.77 |
| Current Ratio | 6.75 | 6.00 | 5.55 | 5.03 | 6.02 | 5.85 |
| Return on Equity (ROE) | 3.73% | 5.62% | 6.44% | 7.66% | 7.46% | 10.06% |
| Return on Assets (ROA) | 0.75% | 1.64% | 2.05% | 2.35% | 2.68% | 4.27% |
| Return on Invested Capital (ROIC) | 5.70% | 19.67% | 50.81% | 44.40% | 39.49% | 46.26% |
| Return on Capital Employed (ROCE) | 1.40% | 3.10% | 3.90% | 4.40% | 4.90% | 7.30% |
| Earnings Yield | 5.98% | 7.61% | 7.06% | 7.68% | 6.87% | 9.01% |
| FCF Yield | 5.04% | 4.24% | 5.38% | 9.69% | 9.30% | 13.86% |
| Dividend Yield | 9.01% | 7.97% | 6.56% | 6.05% | 1.87% | 1.78% |
| Payout Ratio | 201.21% | 106.94% | 91.43% | 26.11% | 23.33% | 31.34% |
| Buyback Yield / Dilution | 3.55% | 2.97% | 0.96% | 1.68% | 0.16% | -4.33% |
| Total Shareholder Return | 12.56% | 10.94% | 7.51% | 7.74% | 2.04% | -2.55% |