Stocktoria

Zhihu Inc. ZH

NYSE · stock · Services-Business Services, NEC · website · IPO 2021-03-26

Zhihu Inc. statistics & valuation

Profitability & efficiency

Gross margin (%)
56.00% 52.50% 50.20% 54.70% 60.60% 59.90% 202020212022202320242025
Operating margin (%)
-44.60% -47.00% -44.50% -25.50% -13.40% -18.50% 202020212022202320242025
Return on equity (%)
-19.30% 202020212022202320242025
Shares outstanding
65.3M 240.2M 304.8M 299.1M 273.6M 240.0M 202020212022202320242025
Net debt ($)
202020212022202320242025
Share buybacks ($)
202020212022202320242025
Return on assets (%)
-13.80% -14.80% 202020212022202320242025
Free cash flow margin (%)
-18.20% -15.10% -30.90% -10.10% -7.90% -13.30% 202020212022202320242025
Debt / equity (×)
202020212022202320242025
EPS ($)
-$18.36 -$0.96 -$0.75 -$0.40 -$0.09 -$0.11 202020212022202320242025

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)

RatioFY2025FY2024FY2023FY2022FY2021FY2020
Gross margin59.9%60.6%54.7%50.2%52.5%56.0%
Operating margin-18.5%-13.4%-25.5%-44.5%-47.0%-44.6%
Net margin————-43.9%-38.3%
FCF margin-13.3%-7.9%-10.1%-30.9%-15.1%-18.2%
Return on assets————-14.8%-13.8%
Return on equity————-19.3%10.1%
Current ratio3.733.603.284.014.393.67

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