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Hesai Group HSAI

Nasdaq · stock · General Industrial Machinery & Equipment, NEC · website · IPO 2023-02-09 · LEI

Hesai Group statistics & valuation

Profitability & efficiency

Net margin (%)
-34.00% -25.00% -25.40% -4.90% 14.40% 20212022202320242025
Gross margin (%)
53.00% 39.20% 35.20% 42.60% 41.80% 20212022202320242025
Operating margin (%)
-36.80% -31.40% -30.50% -9.90% 5.60% 20212022202320242025
Return on equity (%)
-12.30% -2.60% 4.90% 20212022202320242025
Shares outstanding
105.0M 115.5M 124.8M 129.2M 156.1M 20212022202320242025
Net debt ($)
-$113.9M $66.9M -$119.5M $40.9M 20212022202320242025
Share buybacks ($)
20212022202320242025
Return on assets (%)
-6.20% -7.80% -8.40% -1.70% 3.90% 20212022202320242025
Free cash flow margin (%)
-62.20% -77.10% -18.60% -9.40% -6.40% 20212022202320242025
Debt / equity (×)
0.53× 0.50× 0.22× 20212022202320242025
EPS ($)
-$23.39 -$0.94 -$0.54 -$0.11 $0.43 20212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021
Gross margin41.8%42.6%35.2%39.2%53.0%
Operating margin5.6%-9.9%-30.5%-31.4%-36.8%
Net margin14.4%-4.9%-25.4%-25.0%-34.0%
FCF margin-6.4%-9.4%-18.6%-77.1%-62.2%
Return on assets3.9%-1.7%-8.4%-7.8%-6.2%
Return on equity4.9%-2.6%-12.3%9.6%9.8%
Debt / equity0.22×0.50×0.53×-0.04×—
Current ratio3.732.873.293.283.92

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.