FINV vs XYF
FinVolution Group and X Financial, side by side — 10 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | FINV | XYF |
|---|---|---|
| Revenue | CNY 13.6B | CNY 7.6B |
| Net income | CNY 2.5B | CNY 1.5B |
| Gross margin | · | 73.6% |
| Net margin | 18.8% | 19.2% |
| Return on equity | 16.0% | 19.8% |
| Diluted EPS | CNY 1.92 | CNY 5.87 |
| Dividend / share | · | $0.09 |
| Payout ratio | 20.1% | 10.6% |
| Free cash flow | CNY 1.8B | CNY 1.4B |
| Equity | CNY 16.6B | CNY 7.8B |
| Net debt / equity | −0.24× | −0.07× |
| Current ratio | · | · |
| Revenue CAGR 5y | 12.4% | 28.4% |
| Profit CAGR 5y | 5.2% | · |
FINV bills 1.8× the revenue of XYF, and XYF keeps more of each dollar of revenue as profit (19.2% 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.
10 years side by side
| Fiscal year | FINV | XYF |
|---|---|---|
| FY2025 | CNY 13.6B | CNY 7.6B |
| FY2024 | CNY 13.1B | CNY 5.9B |
| FY2023 | CNY 12.5B | CNY 4.8B |
| FY2022 | CNY 11.1B | CNY 3.6B |
| FY2021 | CNY 9.5B | CNY 3.6B |
| FY2020 | CNY 7.6B | CNY 2.2B |
| FY2019 | CNY 6.0B | CNY 3.1B |
| FY2018 | CNY 4.5B | CNY 3.5B |
| FY2017 | CNY 3.9B | CNY 1.8B |
| FY2016 | CNY 1.2B | CNY 230.3M |
Bottom line
| Fiscal year | FINV | XYF |
|---|---|---|
| FY2025 | CNY 2.5B | CNY 1.5B |
| FY2024 | CNY 2.4B | CNY 1.5B |
| FY2023 | CNY 2.3B | CNY 1.2B |
| FY2022 | CNY 2.3B | CNY 812.0M |
| FY2021 | CNY 2.5B | CNY 825.4M |
| FY2020 | CNY 2.0B | CNY -1.3B |
| FY2019 | CNY 2.4B | CNY 774.3M |
| FY2018 | CNY 2.5B | CNY 883.1M |
| FY2017 | CNY 1.1B | CNY 340.3M |
| FY2016 | CNY 501.5M | CNY -119.6M |
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +CNY 5,930,058,569 | FINV |
| FY2024 | +CNY 7,194,042,254 | FINV |
| FY2023 | +CNY 7,732,560,970 | FINV |
| FY2022 | +CNY 7,571,252,885 | FINV |
| FY2021 | +CNY 5,843,662,895 | FINV |
| FY2020 | +CNY 5,370,129,542 | FINV |
| FY2019 | +CNY 2,874,707,005 | FINV |
| FY2018 | +CNY 1,003,072,956 | FINV |
| FY2017 | +CNY 2,140,287,807 | FINV |
| FY2016 | +CNY 985,452,315 | FINV |
FINV has reported the higher revenue in every one of these 10 fiscal years. The gap has widened since the earliest year compared.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −0.4 pp | XYF |
| FY2024 | −8.0 pp | XYF |
| FY2023 | −5.7 pp | XYF |
| FY2022 | −2.3 pp | XYF |
| FY2021 | +3.6 pp | FINV |
| FY2020 | +85.7 pp | FINV |
| FY2019 | +14.7 pp | FINV |
| FY2018 | +29.4 pp | FINV |
| FY2017 | +8.6 pp | FINV |
| FY2016 | +93.4 pp | FINV |
The higher net margin has changed hands between FINV and XYF over this period.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
XYF's net margin has been more volatile than FINV's over the 10 comparable fiscal years — 31.7 percentage points of standard deviation against 11.5.
10 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 XYF over these 10 fiscal years — FINV led in 6 and XYF in 4.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
XYF's return on equity has been more volatile than FINV's over the 8 comparable fiscal years — 19.7 percentage points of standard deviation against 11.3.
8 of 10 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 XYF over these 8 fiscal years — FINV led in 5 and XYF in 3.
8 of 10 comparable fiscal years — a year missing data on either side is not counted.