BABA vs QH
Alibaba Group Holding Ltd. and Quhuo Ltd., side by side — 8 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | BABA | QH |
|---|---|---|
| Revenue | CNY 1.0T | CNY 2.5B |
| Net income | CNY 103.6B | CNY -149.5M |
| Gross margin | 39.8% | 0.5% |
| Net margin | 10.0% | −6.0% |
| Return on equity | 10.0% | −36.5% |
| Diluted EPS | CNY 5.50 | −CNY 0.11 |
| Dividend / share | · | · |
| Payout ratio | 32.6% | · |
| Free cash flow | · | CNY -39.4M |
| Equity | CNY 1.1T | CNY 354.8M |
| Net debt / equity | · | 0.21× |
| Current ratio | 1.28× | 1.03× |
| Revenue CAGR 5y | 7.4% | −0.4% |
| Profit CAGR 5y | −7.2% | · |
BABA bills 405.3× the revenue of QH, and QH closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
8 years side by side
| Fiscal year | BABA | QH |
|---|---|---|
| FY2025 | CNY 1.0T | CNY 2.5B |
| FY2024 | CNY 996.3B | CNY 3.0B |
| FY2023 | CNY 941.2B | CNY 3.7B |
| FY2022 | CNY 868.7B | CNY 3.8B |
| FY2021 | CNY 853.1B | CNY 4.0B |
| FY2020 | CNY 717.3B | CNY 2.6B |
| FY2019 | CNY 509.7B | CNY 2.1B |
| FY2018 | CNY 376.8B | CNY 1.5B |
Bottom line
| Fiscal year | BABA | QH |
|---|---|---|
| FY2025 | CNY 103.6B | CNY -149.5M |
| FY2024 | CNY 130.1B | CNY 2.7M |
| FY2023 | CNY 80.0B | CNY 3.3M |
| FY2022 | CNY 72.8B | CNY -13.1M |
| FY2021 | CNY 62.2B | CNY -157.9M |
| FY2020 | CNY 150.6B | CNY 3.4M |
| FY2019 | CNY 149.4B | CNY -11.8M |
| FY2018 | CNY 87.9B | CNY -42.6M |
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +CNY 1,021,144,103,000 | BABA |
| FY2024 | +CNY 993,300,129,000 | BABA |
| FY2023 | +CNY 937,465,613,000 | BABA |
| FY2022 | +CNY 864,866,622,000 | BABA |
| FY2021 | +CNY 849,036,721,000 | BABA |
| FY2020 | +CNY 714,708,190,000 | BABA |
| FY2019 | +CNY 507,655,211,000 | BABA |
| FY2018 | +CNY 375,369,525,000 | BABA |
BABA has reported the higher revenue in every one of these 8 fiscal years. The gap has widened since the earliest year compared.
8 of 14 comparable fiscal years — a year missing data on either side is not counted.
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +15.9 pp | BABA |
| FY2024 | +12.6 pp | BABA |
| FY2023 | +7.4 pp | BABA |
| FY2022 | +8.0 pp | BABA |
| FY2021 | +10.3 pp | BABA |
| FY2020 | +20.2 pp | BABA |
| FY2019 | +28.2 pp | BABA |
| FY2018 | +24.3 pp | BABA |
BABA has kept the higher net margin in every one of these 8 fiscal years.
8 of 14 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
BABA's net margin has been more volatile than QH's over the 8 comparable fiscal years — 7.5 percentage points of standard deviation against 2.2.
8 of 14 comparable fiscal years — a year missing data on either side is not counted.
Year by year
BABA led in net margin in every one of the 8 comparable fiscal years — a structural lead, not a recent swing.
8 of 14 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
QH's return on equity has been more volatile than BABA's over the 5 comparable fiscal years — 16.4 percentage points of standard deviation against 2.3.
5 of 14 comparable fiscal years — a year missing data on either side is not counted.
Year by year
BABA led in return on equity in every one of the 5 comparable fiscal years — a structural lead, not a recent swing.
5 of 14 comparable fiscal years — a year missing data on either side is not counted.