ATHMAutohome Inc.

$22.15

Is the business good?

How good a business is ATHM?

Autohome Inc. earns 16% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.

16%

Return on invested capital · cost of capital 9.0% · 7.0 points above what the capital costs: growth creates value

Operating margin
12%

Operating margin · Internet Content & Information median 6.3% · fiscal year to FY2025

Cash conversion
0.54×

Cash conversion · 0.73× a year ago · some of the reported profit has not turned into cash yet

Share count, year on year
−3.0%

Share count, year on year · bought back, each share owns more of the company

Operating margin by fiscal year
YearOperating margin
FY202036%
FY202125%
FY202218%
FY202316%
FY202414%
FY202512%
Details
Gross marginfiscal year to FY2025
72%
Operating marginfiscal year to FY2025
12%
Net marginfiscal year to FY2025
22%
Free cash flow margin
12%
R&D as % of revenue
16%
Revenue, trailing twelve months
$6.45B
Free cash flow, trailing twelve months
$771M
Net income, trailing twelve months
$1.44B
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
16%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.