LILi Auto Inc.
Is the business good?
Returns not propped up by debt. That is the only one of 4 checks this filer's data supports, so take it as a single data point rather than a settled answer.
A balanced mix of margins, efficiency, and leverage. ROE 2% = margin × turnover × leverage.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is LI?
Li Auto Inc. earns −2.1% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
Return on invested capital · cost of capital 9.0% · 11 points below what the capital costs: growth destroys value
- Operating margin
- −0.46%
Operating margin · Auto Manufacturers median −3.6% · fiscal year to FY2025
- Share count, year on year
- +0.63%
Share count, year on year · flat: no meaningful dilution
- R&D as % of revenue
- 10%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2020 | −7.1% |
| FY2021 | −3.8% |
| FY2022 | −8.1% |
| FY2023 | 6.0% |
| FY2024 | 4.9% |
| FY2025 | −0.46% |
Details›
- Gross marginfiscal year to FY2025
- 19%
- Operating marginfiscal year to FY2025
- −0.46%
- Net marginfiscal year to FY2025
- 1.0%
- Free cash flow margin
- −11%
- R&D as % of revenue
- 10%
- Revenue, trailing twelve months
- $112.3B
- Free cash flow, trailing twelve months
- −$12.8B
- Net income, trailing twelve months
- $1.14B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −2.1%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Auto Manufacturers
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