EH vs XPEV
EHang Holdings Ltd. and Xpeng Inc., side by side — 8 fiscal years reported in CNY, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | EH | XPEV |
|---|---|---|
| Revenue | CNY 418.0M | CNY 76.7B |
| Net income | CNY -276.0M | CNY -1.1B |
| Gross margin | 61.5% | 18.9% |
| Net margin | −66.1% | −1.5% |
| Return on equity | −27.3% | −3.7% |
| Diluted EPS | −CNY 1.88 | −CNY 0.60 |
| Dividend / share | — | — |
| Payout ratio | — | — |
| Free cash flow | CNY -327.4M | CNY 5.1B |
| Equity | CNY 1.1B | CNY 30.4B |
| Net debt / equity | −0.16× | −0.29× |
| Current ratio | 2.07× | 1.09× |
| Revenue CAGR 5y | 18.3% | 67.4% |
| Profit CAGR 5y | — | — |
XPEV bills 183.5× the revenue of EH, and both 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.
Revenue by year
8 years side by side
| Fiscal year | EH | XPEV |
|---|---|---|
| FY2025 | CNY 418.0M | CNY 76.7B |
| FY2024 | CNY 456.2M | CNY 40.9B |
| FY2023 | CNY 117.4M | CNY 30.7B |
| FY2022 | CNY 44.3M | CNY 26.9B |
| FY2021 | CNY 56.8M | CNY 21.0B |
| FY2020 | CNY 180.1M | CNY 5.8B |
| FY2019 | CNY 121.8M | CNY 2.3B |
| FY2018 | CNY 66.5M | CNY 9.7M |
Net income by year
Bottom line
| Fiscal year | EH | XPEV |
|---|---|---|
| FY2025 | CNY -276.0M | CNY -1.1B |
| FY2024 | CNY -229.8M | CNY -5.8B |
| FY2023 | CNY -301.7M | CNY -10.4B |
| FY2022 | CNY -328.2M | CNY -9.1B |
| FY2021 | CNY -314.0M | CNY -4.9B |
| FY2020 | CNY -87.6M | CNY -2.7B |
| FY2019 | CNY -48.5M | CNY -3.7B |
| FY2018 | CNY -79.1M | CNY -1.4B |