CHA vs LKNCY
Chagee Holdings Ltd. and Luckin Coffee Inc., side by side — 3 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | CHA | LKNCY |
|---|---|---|
| Revenue | CNY 12.9B | CNY 49.3B |
| Net income | CNY 1.2B | CNY 3.6B |
| Gross margin | · | · |
| Net margin | 9.2% | 7.3% |
| Return on equity | 23.4% | 26.5% |
| Diluted EPS | CNY 6.18 | CNY 1.40 |
| Dividend / share | · | · |
| Payout ratio | 105.3% | · |
| Free cash flow | CNY 1.2B | CNY 3.5B |
| Equity | CNY 7.3B | CNY 15.6B |
| Net debt / equity | · | · |
| Current ratio | 3.11× | 1.70× |
| Revenue CAGR 5y | · | 65.0% |
| Profit CAGR 5y | · | · |
LKNCY bills 3.8× the revenue of CHA, and CHA keeps more of each dollar of revenue as profit (9.2% against 7.3%).
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.
3 years side by side
| Fiscal year | CHA | LKNCY |
|---|---|---|
| FY2025 | CNY 12.9B | CNY 49.3B |
| FY2024 | CNY 12.4B | CNY 34.5B |
| FY2023 | CNY 4.6B | CNY 24.9B |
Bottom line
| Fiscal year | CHA | LKNCY |
|---|---|---|
| FY2025 | CNY 1.2B | CNY 3.6B |
| FY2024 | CNY 2.5B | CNY 3.0B |
| FY2023 | CNY 800.9M | CNY 2.8B |
Standard deviation, each side
CHA's net margin has been more volatile than LKNCY's over the 3 comparable fiscal years — 4.7 percentage points of standard deviation against 1.7.
3 of 8 comparable fiscal years — a year missing data on either side is not counted.
Year by year
CHA led in net margin in every one of the 3 comparable fiscal years — a structural lead, not a recent swing.
3 of 8 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CHA's return on equity has been more volatile than LKNCY's over the 3 comparable fiscal years — 74.8 percentage points of standard deviation against 7.2.
3 of 6 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between CHA and LKNCY over these 3 fiscal years — CHA led in 2 and LKNCY in 1.
3 of 6 comparable fiscal years — a year missing data on either side is not counted.