FINV vs QFIN
FinVolution Group and Qfin Holdings, Inc., side by side — 9 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | FINV | QFIN |
|---|---|---|
| Revenue | CNY 13.6B | CNY 19.2B |
| Net income | CNY 2.5B | CNY 6.0B |
| Gross margin | · | 84.4% |
| Net margin | 18.8% | 31.1% |
| Return on equity | 16.0% | 24.7% |
| Diluted EPS | CNY 1.92 | CNY 22.01 |
| Dividend / share | · | · |
| Payout ratio | 20.1% | · |
| Free cash flow | CNY 1.8B | CNY 10.8B |
| Equity | CNY 16.6B | CNY 24.1B |
| Net debt / equity | −0.24× | · |
| Current ratio | · | 2.43× |
| Revenue CAGR 5y | 12.4% | 7.2% |
| Profit CAGR 5y | 5.2% | 11.3% |
QFIN bills 1.4× the revenue of FINV, and keeps more of each dollar of revenue as profit (31.1% against 18.8%).
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.
9 years side by side
| Fiscal year | FINV | QFIN |
|---|---|---|
| FY2025 | CNY 13.6B | CNY 19.2B |
| FY2024 | CNY 13.1B | CNY 17.2B |
| FY2023 | CNY 12.5B | CNY 16.3B |
| FY2022 | CNY 11.1B | CNY 16.6B |
| FY2021 | CNY 9.5B | CNY 16.6B |
| FY2020 | CNY 7.6B | CNY 13.6B |
| FY2019 | CNY 6.0B | CNY 9.2B |
| FY2018 | CNY 4.5B | CNY 4.4B |
| FY2017 | CNY 3.9B | CNY 788.1M |
Bottom line
| Fiscal year | FINV | QFIN |
|---|---|---|
| FY2025 | CNY 2.5B | CNY 6.0B |
| FY2024 | CNY 2.4B | CNY 6.2B |
| FY2023 | CNY 2.3B | CNY 4.3B |
| FY2022 | CNY 2.3B | CNY 4.0B |
| FY2021 | CNY 2.5B | CNY 5.8B |
| FY2020 | CNY 2.0B | CNY 3.5B |
| FY2019 | CNY 2.4B | CNY 2.5B |
| FY2018 | CNY 2.5B | CNY 1.2B |
| FY2017 | CNY 1.1B | CNY 164.9M |
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −CNY 5,635,576,000 | QFIN |
| FY2024 | −CNY 4,099,832,000 | QFIN |
| FY2023 | −CNY 3,742,582,000 | QFIN |
| FY2022 | −CNY 5,419,727,000 | QFIN |
| FY2021 | −CNY 7,165,517,000 | QFIN |
| FY2020 | −CNY 6,000,867,000 | QFIN |
| FY2019 | −CNY 3,257,090,000 | QFIN |
| FY2018 | +CNY 96,655,000 | FINV |
| FY2017 | +CNY 3,139,079,000 | FINV |
The higher-revenue side has changed between FINV and QFIN over this period. The gap has widened since the earliest year compared.
9 of 11 comparable fiscal years — a year missing data on either side is not counted.
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −12.4 pp | QFIN |
| FY2024 | −18.1 pp | QFIN |
| FY2023 | −7.2 pp | QFIN |
| FY2022 | −3.7 pp | QFIN |
| FY2021 | −8.3 pp | QFIN |
| FY2020 | +0.3 pp | FINV |
| FY2019 | +12.7 pp | FINV |
| FY2018 | +27.5 pp | FINV |
| FY2017 | +6.7 pp | FINV |
The higher net margin has changed hands between FINV and QFIN over this period.
9 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 QFIN's over the 9 comparable fiscal years — 11.3 percentage points of standard deviation against 4.7.
9 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 QFIN over these 9 fiscal years — FINV led in 4 and QFIN in 5.
9 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
FINV's return on equity has been more volatile than QFIN's over the 8 comparable fiscal years — 11.3 percentage points of standard deviation against 10.4.
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 QFIN over these 8 fiscal years — FINV led in 1 and QFIN in 7.
8 of 8 comparable fiscal years — a year missing data on either side is not counted.