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LILi Auto Inc.
$12.05$12.2B
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LI logoLi Auto Inc.(LI)Earnings, Financials & Key Ratios

LI•NASDAQ
$12.05
78.7× P/E·Price updated Jul 7, 2026
SectorConsumer CyclicalIndustryAuto ManufacturersSub-IndustryElectric-only passenger car makers
AboutLi Auto Inc. operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment. The company offers its products through online and offline channels. The company was formerly known as Leading Ideal Inc. and changed its name to Li Auto Inc. in July 2020. Li Auto Inc. was founded in 2015 and is headquartered in Beijing, the People's Republic of China.Show more
  • Revenue$109.25B-24.4%
  • EBITDA$3.67B-61.1%
  • Net Income$1.09B-86.4%
  • EPS (Diluted)1.04-86.2%
  • Gross Margin18.68%-9.0%
  • EBITDA Margin3.36%-48.5%
  • Operating Margin-0.89%-120.1%
  • Net Margin1%-82.0%
  • ROE1.51%-87.6%

LI Price & Volume

Li Auto Inc. (LI) stock price & volume — 10-year historical chart

Loading chart...

Revenue Contraction Challenges Li Auto Profitability Trajectory

Investment Thesis • Updated 2025Q4

VerdictNegative: The company's transition to a -1.9% operating margin and the significant volatility in free cash flow
Growth:Contracting
Profitability:Strained
Financial:Fortress
Cash Flow:Deteriorating
Primary Risk:Margin erosion and competition

Key Thesis Takeaways

  • Li Auto faces a critical inflection point as revenue growth shifted to a 32.4% year-over-year decline in 2025Q4, signaling significant structural headwinds in the competitive Chinese EV market.
  • While the company maintains a fortress balance sheet with $56.9 billion in cash, the deterioration of operating margins to -1.9% suggests that its current cost structure is struggling to scale effectively.
  • Investors should monitor whether the company can stabilize its gross margins, which have compressed from 23.5% in 2023Q4 to 17.8% in 2025Q4, before committing capital to this volatile growth narrative.

Verdict Logic

which reached a negative 27.0% margin in 2025Q3, suggest that the current valuation of 78.60x P/E TTM does not adequately reflect the ongoing operational risks.

LI Growth Metrics

Li Auto Inc. (LI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years64.97%
3 Years33.34%
TTM-21.28%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-85.74%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-86.34%

Return on Capital

10 Years-8.18%
5 Years1.68%
3 Years5.9%
Last Year-1.05%

LI Recent Earnings

Li Auto Inc. (LI) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
May 28, 2026
Metric
Actual
Est
EPS
$0.33-24.2%
$0.27
Rev
$3.3B+5.0%
$3.2B
Q2 2026
Mar 12, 2026
Metric
Actual
Est
EPS
$0.04+38.1%
$0.03
Rev
$4.1B-1.1%
$4.2B
Q4 2025
Nov 26, 2025
Metric
Actual
Est
EPS
$0.09-325.0%
$0.04
Rev
$3.8B-6.7%
$4.1B
Q3 2025
Aug 28, 2025
Metric
Actual
Est
EPS
$0.14+36.7%
$0.10
Rev
$4.2B+14.5%
$3.7B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 28, 2026
$0.33vs $0.27-24.2%
$3.3Bvs $3.2B+5.0%
Q2 2026Mar 12, 2026
$0.04vs $0.03+38.1%
$4.1Bvs $4.2B-1.1%
Q4 2025Nov 26, 2025
$0.09vs $0.04-325.0%
$3.8Bvs $4.1B-6.7%
Q3 2025Aug 28, 2025
$0.14vs $0.10+36.7%
$4.2Bvs $3.7B+14.5%
Based on last 12 quarters of dataView full earnings history →

Latest LI News

Recent stock market news and headlines for Li Auto Inc. (LI)

Seeking Alpha·6 days ago
Li Auto Breaches Historical Floor; Reversal Hinges On L Series Execution

LI faces headwinds from domestic competition and nascent global sales in H2'26, with FY2025/FY2026 likely to be trough years before potentially recovering from FY2027 onwards. This is worsened by the aggressive discounting and the consequently impacted top/bottom lines, albeit with the ongoing cash burn mitigated by the rich balance sheet. LI's refreshed L series at higher ASPs already report robust order books, with it offering a promising potential for H2'26 recovery, pending further capacity ramp-up.

GlobeNewsWire·Jul 1, 2026
Li Auto Inc. June 2026 Delivery Update

BEIJING, China, July 01, 2026 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China's new energy vehicle market, today announced that it delivered 30,895 vehicles in June 2026. As of June 30, 2026, Li Auto's cumulative deliveries reached 1,733,687.

GlobeNewsWire·Jun 23, 2026
Li Auto Inc. Launches the All-New Li L8, a Five-Seat Flagship SUV

BEIJING, June 23, 2026 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China's new energy vehicle market, today officially launched the all-new Li L8, with deliveries to commence within this week. The vehicle is available in Ultra and Livis trims, priced at RMB369,800 and RMB429,800, respectively. For more details on the all-new Li L8, please visit Li Auto's official website.

Reuters·Jun 23, 2026
EV demand powers Europe car market in May, Chinese rivals expand share

Demand for electrified cars continued to underpin growth in Europe's auto market in May, offsetting a sharp decline in ​petrol and diesel sales and allowing Chinese brands to ‌expand their footprint, data from the European Automobile Manufacturers' Association (ACEA) showed on Tuesday.

Invezz·Jun 22, 2026
Nio, XPeng, Li Auto, BYD, Polestar: Why are China EV stocks tumbling?

China EV stocks are in a strong freefall this year as investors remain pessimistic about their growth prospects. Nio stock slipped to $5 on Friday, down nearly 30% from its May high, and is hovering at its lowest level since March 9.

Peers Comparison

Key metrics vs top competitors for Li Auto Inc. (LI)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
LI logoLILi Auto Inc.Current
$12.05$12.17B78.72-24.4%1%1.51%—
NIO logoNIONIO Inc.
$4.88$11.5B-4.9929.47%-35.01%-270.66%—
XPEV logoXPEVXPeng Inc.
$13.17$12.51B-37.6082.62%-7.1%-13.77%—
ZK logoZKZEEKR Intelligent Technology Holding Limited
$26.73$6.85B-0.9846.91%-3.68%——
TSLA logoTSLATesla, Inc.
$402.90$1.51T373.06-2.93%3.96%4.75%—
RIVN logoRIVNRivian Automotive, Inc.
$16.49$20.4B-5.378.39%-63.62%-69.6%—

Compare LI vs Peers

Li Auto Inc. (LI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NIO

Most directly comparable listed peer for LI.

Scale Benchmark

vs TSLA

Larger-name benchmark to compare LI against a more recognizable public peer.

Peer Set

Compare Top 5

vs NIO, XPEV, ZK, TSLA

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LI Frequently Asked Questions

Li Auto Inc. (LI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Li Auto Inc.'s revenue?

Li Auto Inc. (LI) reported $112.12B in revenue for fiscal year 2025.

How fast is Li Auto Inc. growing?

Li Auto Inc. (LI) saw revenue decline by 24.4% over the past year.

Is LI profitable?

Yes, Li Auto Inc. (LI) is profitable, generating $1.13B in net income for fiscal year 2025 (1.0% net margin).

Dividend & Returns
What is LI's return on equity?

Li Auto Inc. (LI) has a return on equity (ROE) of 1.5%. This is below average, suggesting room for improvement.

What is Li Auto Inc.'s free cash flow?

Li Auto Inc. (LI) had negative free cash flow of $12.82B in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in LI back in 2018?

Total return calculator · dividends reinvested · 8+ years of data

See returns →