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Autohome Inc Financials

ATHM
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Autohome Inc (ATHM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI ATHM FY2025

Autohome’s core mechanic is a high-margin platform whose shrinking revenue now converts into far less cash than reported profit.

The most important shift is cash conversion, not headline profitability: free cash flow fell to $110M in FY2025 from $334M in FY2023. Over the same stretch, net income stayed materially higher at $206M, while accounts receivable rose even as revenue fell, suggesting more of each sale is getting stuck in working capital instead of arriving as cash.

This is still a structurally high-gross-margin business, but the margin shape is deteriorating: gross margin slid from 80.4% in FY2023 to 72.4% in FY2025. Because operating margin fell as well, the pressure is reaching beyond direct costs and leaving less profit after overhead.

Balance-sheet risk looks modest because total liabilities were only $574M against $4.0B of assets in FY2025, and liquidity stayed near 6.0x current ratio. But shareholder payouts were larger than internally generated cash, so recent distributions leaned partly on portfolio movements and existing liquidity rather than annual cash generation alone.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 62 / 100
Financial Profile 62/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Autohome Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
52

Autohome Inc has an operating margin of 11.9%, meaning the company retains $12 of operating profit per $100 of revenue. This results in a moderate score of 52/100, indicating healthy but not exceptional operating efficiency. This is down from 14.3% the prior year.

Growth
26

Autohome Inc's revenue declined 4.3% year-over-year, from $964.4M to $922.6M. This contraction results in a growth score of 26/100.

Leverage
98

Autohome Inc carries a low D/E ratio of 0.17, meaning only $0.17 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 98/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
100

With a current ratio of 6.00, Autohome Inc holds $6.00 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow
70

Autohome Inc converts 12.0% of revenue into free cash flow ($110.3M). This strong cash generation earns a score of 70/100.

Returns
26

Autohome Inc generates a 6.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 26/100. This is down from 7.0% the prior year.

Altman Z-Score Safe
4.13

Autohome Inc scores 4.13, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($2.1B) relative to total liabilities ($573.9M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral
4/9

Autohome Inc passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed
0.62x

For every $1 of reported earnings, Autohome Inc generates $0.62 in operating cash flow ($127.2M OCF vs $206.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue
$922.6M
YoY-4.3%
5Y CAGR-7.0%
10Y CAGR+5.6%

Autohome Inc generated $922.6M in revenue in fiscal year 2025. This represents a decrease of 4.3% from the prior year.

EBITDA
$136.4M
YoY-17.1%
5Y CAGR-23.1%
10Y CAGR-3.5%

Autohome Inc's EBITDA was $136.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 17.1% from the prior year.

Net Income
$206.3M
YoY-10.4%
5Y CAGR-16.9%
10Y CAGR+3.0%

Autohome Inc reported $206.3M in net income in fiscal year 2025. This represents a decrease of 10.4% from the prior year.

EPS (Diluted)
$0.42
YoY-8.7%
5Y CAGR-17.4%
10Y CAGR-10.8%

Autohome Inc earned $0.42 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 8.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$110.3M
YoY-34.7%
5Y CAGR-25.1%
10Y CAGR-6.3%

Autohome Inc generated $110.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 34.7% from the prior year.

Cash & Debt
$311.1M
YoY+34.1%
5Y CAGR+3.0%
10Y CAGR+0.0%

Autohome Inc held $311.1M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
$1.79
YoY+4.1%
5Y CAGR+18.4%

Autohome Inc paid $1.79 per share in dividends in fiscal year 2025. This represents an increase of 4.1% from the prior year.

Shares Outstanding
463M
YoY-3.4%
5Y CAGR-0.7%

Autohome Inc had 463M shares outstanding in fiscal year 2025. This represents a decrease of 3.4% from the prior year.

Margins & Returns

Gross Margin
72.4%
YoY-6.6pp
5Y CAGR-16.5pp
10Y CAGR-8.3pp

Autohome Inc's gross margin was 72.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 6.6 percentage points from the prior year.

Operating Margin
11.9%
YoY-2.3pp
5Y CAGR-24.4pp
10Y CAGR-22.7pp

Autohome Inc's operating margin was 11.9% in fiscal year 2025, reflecting core business profitability. This is down 2.3 percentage points from the prior year.

Net Margin
22.4%
YoY-1.5pp
5Y CAGR-17.0pp
10Y CAGR-6.2pp

Autohome Inc's net profit margin was 22.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.5 percentage points from the prior year.

Return on Equity
6.3%
YoY-0.8pp
5Y CAGR-13.1pp
10Y CAGR-14.2pp

Autohome Inc's ROE was 6.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.8 percentage points from the prior year.

Capital Allocation

R&D Spending
$152.1M
YoY-15.8%
5Y CAGR-6.2%
10Y CAGR+13.7%

Autohome Inc invested $152.1M in research and development in fiscal year 2025. This represents a decrease of 15.8% from the prior year.

Share Buybacks
$150.4M
YoY+392.3%

Autohome Inc spent $150.4M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 392.3% from the prior year.

Capital Expenditures
$16.9M
YoY-12.0%
5Y CAGR-16.0%
10Y CAGR+2.1%

Autohome Inc invested $16.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 12.0% from the prior year.

ATHM Income Statement

Metric Q4'25 Q4'24 Q4'23 Q4'22 Q4'21 Q4'20 Q4'19 Q4'18
Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses N/A N/A N/A N/A N/A N/A N/A N/A
Operating Income N/A N/A N/A N/A N/A N/A N/A N/A
Interest Expense N/A N/A N/A N/A N/A N/A N/A N/A
Income Tax N/A N/A N/A N/A N/A N/A N/A N/A
Net Income N/A N/A N/A N/A N/A N/A N/A N/A
EPS (Diluted) N/A N/A N/A N/A N/A N/A N/A N/A

ATHM Balance Sheet

Metric Q4'25 Q4'24 Q4'23 Q4'22 Q4'21 Q4'20 Q4'19 Q4'18
Total Assets $4.0B-2.2% $4.1B-4.7% $4.3B+0.8% $4.3B-3.8% $4.5B+23.1% $3.6B+32.2% $2.8B+20.1% $2.3B
Current Assets $3.0B-12.1% $3.4B-4.1% $3.6B+1.5% $3.5B-3.3% $3.7B+30.1% $2.8B+19.8% $2.3B+22.9% $1.9B
Cash & Equivalents $311.1M+34.1% $232.0M-67.0% $703.7M+73.3% $406.1M-38.9% $664.8M+147.7% $268.4M-6.0% $285.6M+826.4% $30.8M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $217.6M+16.9% $186.2M-10.2% $207.4M-25.8% $279.5M-16.8% $335.7M-29.9% $478.8M+3.2% $464.2M+14.1% $406.6M
Goodwill $563.7M+4.4% $540.0M-2.7% $555.2M-2.9% $571.5M-10.5% $638.9M+2.4% $624.0M+188.8% $216.1M-1.2% $218.8M
Total Liabilities $573.9M-16.6% $687.9M-13.8% $797.5M+18.9% $670.9M-6.9% $720.5M-4.5% $754.3M+15.4% $653.6M-3.3% $675.6M
Current Liabilities $505.3M-18.6% $620.6M-13.2% $714.8M+21.5% $588.5M-5.9% $625.5M-2.5% $641.5M+12.6% $569.7M-6.0% $605.7M
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity $3.3B+0.4% $3.3B-2.6% $3.4B-2.7% $3.5B-3.0% $3.6B+32.2% $2.7B+28.5% $2.1B+29.7% $1.6B
Retained Earnings $2.4B+3.8% $2.3B-1.9% $2.3B-0.4% $2.3B+0.2% $2.3B+13.6% $2.1B+34.3% $1.5B+40.9% $1.1B

ATHM Cash Flow Statement

Metric Q4'25 Q4'24 Q4'23 Q4'22 Q4'21 Q4'20 Q4'19 Q4'18
Operating Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Capital Expenditures N/A N/A N/A N/A N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Investing Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Financing Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

ATHM Financial Ratios

Metric Q4'25 Q4'24 Q4'23 Q4'22 Q4'21 Q4'20 Q4'19 Q4'18
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin N/A N/A N/A N/A N/A N/A N/A N/A
Net Margin N/A N/A N/A N/A N/A N/A N/A N/A
Return on Equity N/A N/A N/A N/A N/A N/A N/A N/A
Return on Assets N/A N/A N/A N/A N/A N/A N/A N/A
Current Ratio 6.00+0.4 5.56+0.5 5.03-1.0 6.02+0.2 5.85+1.5 4.39+0.3 4.12+1.0 3.16
Debt-to-Equity 0.17-0.0 0.21-0.0 0.24+0.0 0.190.0 0.20-0.1 0.28-0.0 0.31-0.1 0.42
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

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Frequently Asked Questions

Autohome Inc (ATHM) reported $922.6M in total revenue for fiscal year 2025. This represents a -4.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Autohome Inc (ATHM) revenue declined by 4.3% year-over-year, from $964.4M to $922.6M in fiscal year 2025.

Yes, Autohome Inc (ATHM) reported a net income of $206.3M in fiscal year 2025, with a net profit margin of 22.4%.

Autohome Inc (ATHM) reported diluted earnings per share of $0.42 for fiscal year 2025. This represents a -8.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Autohome Inc (ATHM) had EBITDA of $136.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Autohome Inc (ATHM) had a gross margin of 72.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Autohome Inc (ATHM) had an operating margin of 11.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Autohome Inc (ATHM) had a net profit margin of 22.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Autohome Inc (ATHM) paid $1.79 per share in dividends during fiscal year 2025.

Autohome Inc (ATHM) has a return on equity of 6.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Autohome Inc (ATHM) generated $110.3M in free cash flow during fiscal year 2025. This represents a -34.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Autohome Inc (ATHM) generated $127.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Autohome Inc (ATHM) had $4.0B in total assets as of fiscal year 2025, including both current and long-term assets.

Autohome Inc (ATHM) invested $16.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Autohome Inc (ATHM) invested $152.1M in research and development during fiscal year 2025.

Yes, Autohome Inc (ATHM) spent $150.4M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Autohome Inc (ATHM) had 463M shares outstanding as of fiscal year 2025.

Autohome Inc (ATHM) had a current ratio of 6.00 as of fiscal year 2025, which is generally considered healthy.

Autohome Inc (ATHM) had a debt-to-equity ratio of 0.17 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Autohome Inc (ATHM) had a return on assets of 5.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Autohome Inc (ATHM) has an Altman Z-Score of 4.13, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Autohome Inc (ATHM) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Autohome Inc (ATHM) has an earnings quality ratio of 0.62x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Autohome Inc (ATHM) scores 62 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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