FINV vs LX
FinVolution Group and LexinFintech Holdings Ltd., side by side — 10 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | FINV | LX |
|---|---|---|
| Revenue | CNY 13.6B | CNY 13.2B |
| Net income | CNY 2.5B | CNY 1.7B |
| Gross margin | · | 34.0% |
| Net margin | 18.8% | 12.8% |
| Return on equity | 16.0% | 14.8% |
| Diluted EPS | CNY 1.92 | CNY 4.72 |
| Dividend / share | · | · |
| Payout ratio | 20.1% | 22.8% |
| Free cash flow | CNY 1.8B | CNY 3.3B |
| Equity | CNY 16.6B | · |
| Net debt / equity | −0.24× | −0.12× |
| Current ratio | · | 1.89× |
| Revenue CAGR 5y | 12.4% | 2.5% |
| Profit CAGR 5y | 5.2% | 23.0% |
FINV and LX book revenue within 15% of each other, and keeps more of each dollar of revenue as profit (18.8% against 12.8%).
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.
10 years side by side
| Fiscal year | FINV | LX |
|---|---|---|
| FY2025 | CNY 13.6B | CNY 13.2B |
| FY2024 | CNY 13.1B | CNY 14.2B |
| FY2023 | CNY 12.5B | CNY 13.1B |
| FY2022 | CNY 11.1B | CNY 9.9B |
| FY2021 | CNY 9.5B | CNY 11.4B |
| FY2020 | CNY 7.6B | CNY 11.6B |
| FY2019 | CNY 6.0B | CNY 10.6B |
| FY2018 | CNY 4.5B | CNY 7.6B |
| FY2017 | CNY 3.9B | CNY 5.6B |
| FY2016 | CNY 1.2B | CNY 4.3B |
Bottom line
| Fiscal year | FINV | LX |
|---|---|---|
| FY2025 | CNY 2.5B | CNY 1.7B |
| FY2024 | CNY 2.4B | CNY 1.1B |
| FY2023 | CNY 2.3B | CNY 1.1B |
| FY2022 | CNY 2.3B | CNY 825.9M |
| FY2021 | CNY 2.5B | CNY 2.3B |
| FY2020 | CNY 2.0B | CNY 595.0M |
| FY2019 | CNY 2.4B | CNY 2.3B |
| FY2018 | CNY 2.5B | CNY 2.0B |
| FY2017 | CNY 1.1B | CNY 240.4M |
| FY2016 | CNY 501.5M | CNY -117.9M |
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +CNY 417,396,000 | FINV |
| FY2024 | −CNY 1,137,770,000 | LX |
| FY2023 | −CNY 509,637,000 | LX |
| FY2022 | +CNY 1,268,392,000 | FINV |
| FY2021 | −CNY 1,910,397,000 | LX |
| FY2020 | −CNY 4,082,168,000 | LX |
| FY2019 | −CNY 4,640,750,000 | LX |
| FY2018 | −CNY 3,053,223,000 | LX |
| FY2017 | −CNY 1,654,966,000 | LX |
| FY2016 | −CNY 3,122,928,000 | LX |
| FY2015 | −CNY 2,329,253,000 | LX |
The higher-revenue side has changed between FINV and LX over this period. The gap has narrowed since the earliest year compared.
11 of 11 comparable fiscal years — a year missing data on either side is not counted.
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +6.0 pp | FINV |
| FY2024 | +10.5 pp | FINV |
| FY2023 | +10.8 pp | FINV |
| FY2022 | +12.1 pp | FINV |
| FY2021 | +5.8 pp | FINV |
| FY2020 | +20.9 pp | FINV |
| FY2019 | +18.2 pp | FINV |
| FY2018 | +28.3 pp | FINV |
| FY2017 | +23.3 pp | FINV |
| FY2016 | +44.0 pp | FINV |
| FY2015 | −24.6 pp | LX |
The higher net margin has changed hands between FINV and LX over this period.
11 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
FINV's net margin has been more volatile than LX's over the 11 comparable fiscal years — 21.9 percentage points of standard deviation against 10.6.
11 of 11 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between FINV and LX over these 11 fiscal years — FINV led in 10 and LX in 1.
11 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
LX's return on equity has been more volatile than FINV's over the 8 comparable fiscal years — 20.0 percentage points of standard deviation against 11.3.
8 of 8 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 FINV and LX over these 8 fiscal years — FINV led in 5 and LX in 3.
8 of 8 comparable fiscal years — a year missing data on either side is not counted.