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NOAH HOLDINGS LTD

NOAH

$8.77 ▲ +0.11 (+1.27%) at close

17 Visible periods

33 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Good

Bullish

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Analytical Summary

NOAH HOLDINGS LTD shows strong fundamentals with top-quartile Profit Margin (%) and Operating Margin (%). The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap $3.1B

Dividend Yield —

Revenue Growth 4.8% ↗

Op. Margin 29.8% ↗

ROIC 6.2% ↗

FCF / Share $0.35 ↗

Trailing P/E 38.1x

Price / Book 2.1x

FCF Yield 3.9%

Debt / Equity —

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

17-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$373.26M

↑ +4.8% —

Net Income Profit after all expenses

$79.92M

↑ +22.7% —

Operating Margin Operating profit as % of sales

29.8%

↑ +22.1% 86th

FCF / Share Free cash flow per share

$0.35

↑ +189.9% —

trending_up

Bullish Indicators

Operating Margin (%)Operating Margin (%) is in the top quartile
Profit Margin (%)Profit Margin (%) is in the top quartile

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Profitability →

Returns ↓

Cash Quality

Dividend History

Dividend / share · sourced from SEC filings

$0.03 Latest / share

Q4 FY2010

Q4 FY2011

Q4 FY2012

$0.03

Q4 FY2013

Q4 FY2014

Q4 FY2015

Q4 FY2016

Q4 FY2017

Q4 FY2018

Q4 FY2019

Q4 FY2020

Q4 FY2021

Q4 FY2022

Q4 FY2023

Q4 FY2024

Q4 FY2025

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📈 Is growth accelerating? 7 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 ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗
Revenue Growth YoY (%)	4.8% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-21%)	-23.2% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-487%)	3.2% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-46%)	-33.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-655%)	33.0% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+450%)	4.0% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-34%)	1.8% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-70%)	131.2% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+2087%)	1.0% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-84%)	19.1% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+219%)	32.9% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+449%)	34.9% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+481%)	45.9% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+665%)	3.4% Caution Caution Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-44%)	105.3% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1655%)	—	—
EPS Growth YoY (%)	21.1% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	-53.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-1.0% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	-32.6% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	-3.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-3.1% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	26.1% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	11.5% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	13.5% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	39.0% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	128.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-4.7% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	62.3% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	22.7% Good ↑ Good Improving Year-over-year change in net income	-54.2% Weak ↓ Weak Declining Year-over-year change in net income	0.4% Caution Caution Year-over-year change in net income	-31.3% Weak Weak Year-over-year change in net income	N/M	N/M	0.9% Caution ↓ Caution Declining Year-over-year change in net income	0.6% Caution ↓ Caution Declining Year-over-year change in net income	26.5% Excellent ↑ Excellent Improving Year-over-year change in net income	12.1% Fair ↓ Fair Declining Year-over-year change in net income	14.2% Fair ↓ Fair Declining Year-over-year change in net income	40.8% Excellent ↓ Excellent Declining Year-over-year change in net income	125.3% Excellent ↑ Excellent Improving Year-over-year change in net income	-4.8% Weak Weak Year-over-year change in net income	107.9% Excellent Excellent Year-over-year change in net income	—	—
FCF Growth YoY (%)	189.9% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-74.7% Weak Weak Year-over-year change in free cash flow	94.4% Excellent Excellent Year-over-year change in free cash flow	N/M	N/M	-35.9% Weak ↓ Weak Declining Year-over-year change in free cash flow	28.4% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	73.1% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-13.6% Weak ↓ Weak Declining Year-over-year change in free cash flow	1.0% Caution ↓ Caution Declining Year-over-year change in free cash flow	-3.5% Weak ↓ Weak Declining Year-over-year change in free cash flow	-3.3% Weak ↓ Weak Declining Year-over-year change in free cash flow	213.8% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	59.3% Excellent Excellent Year-over-year change in free cash flow	-47.8% Weak Weak Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	-6.0% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-19.1% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-2.9% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-2.6% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	12.1% Good ↓ Good Declining Compound annual revenue growth over 3 years	34.8% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	33.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	40.6% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	16.9% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	28.8% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	37.8% Excellent → Excellent Stable Compound annual revenue growth over 3 years	26.7% Excellent Excellent Compound annual revenue growth over 3 years	45.8% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	-5.9% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-6.1% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-0.6% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	16.8% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	26.9% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	24.1% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	30.4% Excellent → Excellent Stable Compound annual revenue growth over 5 years	37.9% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	25.8% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	26.4% Excellent Excellent Compound annual revenue growth over 5 years	40.9% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	-17.8% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-32.4% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	—	2.0% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	15.2% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	—	5.8% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	10.9% Good ↓ Good Declining Compound annual EPS growth over 3 years	16.9% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	20.7% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	53.2% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	44.6% Excellent Excellent Compound annual EPS growth over 3 years	52.2% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 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 ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗
Operating Margin (%) (%)	29.8% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+19%)	24.4% Good ↓ Good Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	33.3% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+33%)	35.1% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+40%)	27.9% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+12%)	38.1% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+52%)	27.0% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+8%)	28.2% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+13%)	57.7% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+131%)	46.9% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+88%)	50.1% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+101%)	69.3% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+177%)	63.1% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+152%)	39.3% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+57%)	39.4% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+58%)	50.6% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+102%)	—
Effective Tax Rate (%) (%)	—	—	—	—	22.6% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-44.2% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	22.7% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	22.0% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	22.9% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	21.5% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.5% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	25.1% Caution → Caution Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.9% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	28.7% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.5% Fair Fair Actual taxes paid relative to pre-tax income Optimal: 15-25%	29.3% Caution Caution Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	21.4% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	18.3% Good ↓ Good Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-17%)	30.6% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+39%)	31.5% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+43%)	30.6% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+39%)	-22.5% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-202%)	24.4% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+11%)	24.7% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+12%)	56.7% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+158%)	45.2% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+106%)	48.1% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+118%)	55.9% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+154%)	53.6% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+144%)	34.7% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+58%)	37.7% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+71%)	37.2% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+69%)	—
FCF Margin (%) (%)	32.3% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	11.7% Fair → Fair Stable Free cash flow as a percentage of revenue Optimal: > 10%	35.2% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	18.4% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	-17.5% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	22.5% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	36.1% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	27.4% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	35.3% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	41.1% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	48.3% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	66.1% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	90.8% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	42.7% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	27.8% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	65.4% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	1.51x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.64x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	1.15x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	0.58x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.57x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-1.00x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.47x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.11x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	0.62x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.91x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	1.01x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.18x Fair → Fair Stable Free cash flow relative to reported net income Optimal: > 1x	1.70x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.23x Good → Good Stable Free cash flow relative to reported net income Optimal: > 1x	0.74x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	1.76x 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 ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗
Return on Invested Capital (%)	6.2% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	5.0% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	8.4% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	9.1% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	11.5% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	25.2% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	10.1% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	12.4% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	13.5% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	15.7% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	18.1% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	22.5% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	20.5% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	10.6% Good Good Return earned on debt + equity capital invested Optimal: > 10%	11.8% Good Good Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	6.6% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	5.4% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	8.7% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	9.2% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	11.0% Good → Good Stable Operating profit relative to total assets Optimal: > 10%	13.4% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	9.3% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	11.6% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	12.0% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	11.2% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	13.6% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	20.8% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	20.0% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	12.6% Good Good Operating profit relative to total assets Optimal: > 10%	13.9% Good Good Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	5.7% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-53%)	4.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-60%)	9.8% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-18%)	10.4% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-13%)	16.3% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+36%)	-10.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-186%)	11.8% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	13.9% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+16%)	17.2% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+44%)	19.3% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+61%)	21.9% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+82%)	24.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+102%)	22.9% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+91%)	13.2% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+10%)	14.9% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+24%)	—	—

⚖️ 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 ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗
Debt to Equity (x)	—	—	—	—	—	—	—	—	—	—	0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.03x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-98%)	—	—	—	—	—
Interest Coverage (x)	—	—	—	—	—	—	2119.76x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	71.15x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	—	—	—	—	—	—	—	—	—
Net Debt (USD)	$-623.60M	$-523.66M	$-731.30M	$-638.51M	$-534.26M	$-767.08M	$-630.20M	$-393.29M	$-293.06M	$-429.57M	$-329.27M	$-274.02M	$-196.11M	$-119.56M	$-136.86M	$-133.27M	$-12.12M
Debt / EBITDA (x)	—	—	—	—	—	—	—	—	—	—	0.00x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.09x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—

📊 What does each share earn? 8 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 ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗
Revenue per Share (USD)	$1.07	$1.02	$1.34	$1.32	$2.01	$1.63	$1.59	$1.63	$0.73	$0.73	$0.61	$0.46	$0.35	$0.24	$0.23	$0.19	—
Basic EPS, GAAP (USD)	$0.23	$0.19	$0.41	$0.41	$0.61	$-0.37	$0.39	$0.40	$0.42	$0.33	$0.30	$0.26	$0.19	$0.08	$0.09	$0.05	—
Free Cash Flow per Share (USD)	$0.35	$0.12	$0.47	$0.24	$-0.35	$0.37	$0.57	$0.45	$0.26	$0.30	$0.30	$0.31	$0.32	$0.10	$0.06	$0.12	—
Dividend per Share (USD)	—	—	—	—	—	—	—	—	—	—	—	—	$0.03	—	—	—	—
Book Value per Share (USD)	$4.22	$4.12	$4.45	$3.99	$3.76	$3.55	$3.29	$2.90	$2.41	$1.70	$1.35	$1.06	$0.81	$0.63	$0.58	—	—
Tangible Book Value per Share (USD)	$4.22	$4.12	$4.45	$3.99	$3.76	$3.55	$3.29	$2.90	$2.41	$1.70	$1.35	$1.06	$0.81	$0.63	$0.58	—	—
Basic Weighted Avg Shares (shares)	348.77M	350.85M	347.37M	341.66M	335.86M	310.20M	305.80M	292.88M	282.76M	281.50M	280.86M	278.74M	274.80M	277.51M	278.95M	166.66M	—
Dividend Payout Ratio (%)	—	—	—	—	—	—	—	—	—	—	—	—	15.0% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—	—

🏦 How resilient is the balance sheet? 2 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 ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗
Working Capital (USD)	$705.46M	$691.22M	$736.05M	$639.71M	$507.45M	$739.01M	$750.69M	$510.95M	$340.10M	$454.68M	$354.29M	$254.71M	$199.89M	$163.36M	$153.92M	—	—
Total Equity (USD)	$1.41B	$1.36B	$1.45B	$1.36B	$1.26B	$1.10B	$1.01B	$849.06M	$680.77M	$479.93M	$378.04M	$298.62M	$224.43M	$173.21M	$161.02M	—	—

📋 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 ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗
Sales/Revenue/Turnover (USD)	$373.26M	$356.33M	$464.05M	$449.51M	$673.68M	$506.64M	$487.20M	$478.45M	$206.94M	$204.98M	$172.08M	$129.45M	$95.99M	$65.78M	$63.64M	$31.00M	—
Depreciation Expense (USD)	—	—	—	—	—	—	—	—	—	—	—	$3.64M	$2.47M	$1.81M	$1.00M	$390.33K	—
Net Income, GAAP (USD)	$79.92M	$65.14M	$142.19M	$141.59M	$206.22M	$-114.21M	$119.10M	$118.00M	$117.26M	$92.73M	$82.72M	$72.41M	$51.44M	$22.83M	$23.97M	$11.53M	—
Operating Cash Flow (USD)	$139.65M	$53.07M	$185.68M	$91.76M	$238.81M	$122.05M	$185.04M	$149.72M	$96.58M	$98.84M	$104.22M	$95.14M	$93.97M	$29.95M	$21.29M	$21.43M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 17 years · 17 quarters

NOAH HOLDINGS LTD

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