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Hesai Group

HSAI

$19.21 ▲ +1.46 (+8.23%) at close

6 Visible periods

29 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Fair

Bullish

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Analytical Summary

Hesai Group shows strong fundamentals with top-quartile Debt to Equity. The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap $2.7B

Dividend Yield —

Revenue Growth 52.1% ↗

Op. Margin 5.6% ↗

ROIC 1.4% ↗

FCF / Share $-0.20 ↗

Trailing P/E 42.7x

Price / Book 2.1x

FCF Yield —

Debt / Equity 0.03

info Valuation on last close. End-of-day price, Aug 7, 2026.

6-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$432.94M

↑ +52.1% —

Net Income Profit after all expenses

$62.33M

↑ +544.4% —

Operating Margin Operating profit as % of sales

5.6%

↑ +156.5% 44th

FCF / Share Free cash flow per share

$-0.20

↑ +4.9% —

Long-Term Debt Long-term obligations

$39.86M

↑ +8.0% —

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Bullish Indicators

Debt to EquityDebt to Equity is in the top quartile (lower is better)

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Profitability ↑

Returns ↓

Financial Health

Cash Quality

Financial view

Statement lens

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📈 Is growth accelerating? 5 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗
Revenue Growth YoY (%)	52.1% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+943%)	7.6% Fair Fair Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+53%)	51.6% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+932%)	—	—	—
EPS Growth YoY (%)	N/M	79.6% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	42.6% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—	—
Net Income Growth YoY (%)	N/M	79.1% Excellent Excellent Year-over-year change in net income	-53.7% Weak Weak Year-over-year change in net income	—	—	—
FCF Growth YoY (%)	4.9% Caution ↓ Caution Declining Year-over-year change in free cash flow	47.3% Excellent Excellent Year-over-year change in free cash flow	66.1% Excellent Excellent Year-over-year change in free cash flow	—	—	—
Revenue CAGR 3Y (%)	35.4% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—	—

💰 Are margins durable? 4 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗
Operating Margin (%) (%)	5.6% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-54%)	-9.9% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-182%)	-30.5% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-354%)	-31.4% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-362%)	—	—
Profit Margin (%) (%)	14.4% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+80%)	-4.9% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-162%)	-25.4% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-417%)	-25.0% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-413%)	—	—
FCF Margin (%) (%)	-6.4% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-9.4% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-18.6% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-77.1% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—
FCF / Net Income (x)	-0.44x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.92x Excellent → Excellent Stable Free cash flow relative to reported net income Optimal: > 1x	0.73x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	3.08x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗
Return on Invested Capital (%)	1.4% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-3.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-10.9% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	9.6% Fair Fair Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	1.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-3.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-10.1% Weak Weak Operating profit relative to total assets Optimal: > 10%	-9.9% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	4.9% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-68%)	-2.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-117%)	-12.3% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-182%)	9.6% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-36%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗
Debt to Equity (x)	0.03x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-96%)	0.07x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-90%)	0.07x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-89%)	-0.01x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-101%)	—	—
Interest Coverage (x)	8.88x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	-25.45x Weak Weak Operating income divided by interest expense Optimal: > 5x	-186.36x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—	—
Net Debt (USD)	$-198.02M	$-352.02M	$-178.69M	$-129.74M	—	—
Debt / EBITDA (x)	0.95x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-3.69x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.59x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.06x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗
Revenue per Share (USD)	$3.11	$2.20	$2.12	$1.51	—	—
Basic EPS, GAAP (USD)	$0.45	$-0.11	$-0.54	$-0.94	—	—
Free Cash Flow per Share (USD)	$-0.20	$-0.21	$-0.39	$-1.16	—	—
Book Value per Share (USD)	$9.21	$4.17	$4.36	$-3.95	—	—
Tangible Book Value per Share (USD)	$9.11	$4.09	$4.27	$-3.98	—	—
Basic Weighted Avg Shares (shares)	139.15M	129.19M	124.78M	115.53M	104.99M	89.90M

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗
Working Capital (USD)	$739.85M	$418.36M	$431.34M	$316.01M	—	—
LT Debt (USD)	$39.86M	$36.91M	$40.27M	$2.68M	—	—
Total Equity (USD)	$1.28B	$538.65M	$544.00M	$-456.01M	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗
Sales/Revenue/Turnover (USD)	$432.94M	$284.57M	$264.37M	$174.37M	—	—
Depreciation Expense (USD)	$17.70M	$18.06M	$12.15M	$7.78M	—	—
Net Income, GAAP (USD)	$62.33M	$-14.03M	$-67.04M	$-43.61M	—	—
Operating Cash Flow (USD)	$16.73M	$8.70M	$8.06M	$-100.91M	—	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 6 years · 4 quarters

Hesai Group

Analytical Summary

6-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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