Stocktoria

Zai Lab Ltd ZLAB

Nasdaq · stock · Pharmaceutical Preparations · website · IPO 2020-09-28

Zai Lab Ltd statistics & valuation

Market cap$16.4B
P / S35.7×
P / B23.0×
Net margin-38.1%
Return on equity-24.5%
FCF margin-34.5%
Return on capital-30.3%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
-107810.10% -1502.30% -549.30% -488.20% -206.10% -125.50% -64.40% -38.10% 2016201720182019202020212022202320242025
Gross margin (%)
66.60% 2016201720182019202020212022202320242025
Operating margin (%)
-109897.70% -1564.90% -616.40% -485.10% -188.00% -137.40% -70.70% -49.90% 2016201720182019202020212022202320242025
Return on equity (%)
-21.40% -55.40% -66.20% -23.00% -51.10% -42.40% -42.00% -30.60% -24.50% 2016201720182019202020212022202320242025
Shares outstanding
9.7M 50.6M 58.4M 68.4M 776.7M 955.0M 960.2M 972.2M 1.08B 1.11B 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-42.20% -20.20% -46.10% -54.90% -20.70% -43.80% -36.30% -32.30% -21.70% -15.00% 2016201720182019202020212022202320242025
Free cash flow margin (%)
-83374.40% -1517.50% -462.00% -393.30% -182.40% -77.00% -55.30% -34.50% 2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
-$0.35 -$0.76 -$0.46 -$0.35 -$0.26 -$0.16 2016201720182019202020212022202320242025

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)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin———————66.6%——
Operating margin-49.9%-70.7%-137.4%-188.0%-485.1%-616.4%-1564.9%-109897.7%——
Net margin-38.1%-64.4%-125.5%-206.1%-488.2%-549.3%-1502.3%-107810.1%——
FCF margin-34.5%-55.3%-77.0%-182.4%-393.3%-462.0%-1517.5%-83374.4%——
Return on assets-15.0%-21.7%-32.3%-36.3%-43.8%-20.7%-54.9%-46.1%-20.2%-42.2%
Return on equity-24.5%-30.6%-42.0%-42.4%-51.1%-23.0%-66.2%-55.4%-21.4%72.8%
Current ratio2.453.514.638.047.7812.406.275.5119.1116.25

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