HTT vs LX
High Templar Tech Ltd. and LexinFintech Holdings Ltd., side by side — 10 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | HTT | LX |
|---|---|---|
| Revenue | CNY 41.0M | CNY 13.2B |
| Net income | CNY 708.6M | CNY 1.7B |
| Gross margin | 81.1% | 34.0% |
| Net margin | · | 12.8% |
| Return on equity | 6.2% | 14.8% |
| Diluted EPS | · | CNY 4.72 |
| Dividend / share | · | · |
| Payout ratio | · | 22.8% |
| Free cash flow | CNY 570.4M | CNY 3.3B |
| Equity | CNY 11.6B | · |
| Net debt / equity | −0.34× | −0.12× |
| Current ratio | 5.75× | 1.89× |
| Revenue CAGR 5y | −59.3% | 2.5% |
| Profit CAGR 5y | −5.9% | 23.0% |
LX bills 321.1× the revenue of HTT.
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 | HTT | LX |
|---|---|---|
| FY2025 | CNY 41.0M | CNY 13.2B |
| FY2024 | CNY 216.4M | CNY 14.2B |
| FY2023 | CNY 126.3M | CNY 13.1B |
| FY2022 | CNY 577.5M | CNY 9.9B |
| FY2021 | CNY 1.7B | CNY 11.4B |
| FY2020 | CNY 3.7B | CNY 11.6B |
| FY2019 | CNY 8.8B | CNY 10.6B |
| FY2018 | CNY 7.7B | CNY 7.6B |
| FY2017 | CNY 4.8B | CNY 5.6B |
| FY2016 | CNY 1.4B | CNY 4.3B |
Bottom line
| Fiscal year | HTT | LX |
|---|---|---|
| FY2025 | CNY 708.6M | CNY 1.7B |
| FY2024 | CNY 91.7M | CNY 1.1B |
| FY2023 | CNY 39.1M | CNY 1.1B |
| FY2022 | CNY -362.0M | CNY 825.9M |
| FY2021 | CNY 589.1M | CNY 2.3B |
| FY2020 | CNY 958.8M | CNY 595.0M |
| FY2019 | CNY 3.3B | CNY 2.3B |
| FY2018 | CNY 2.5B | CNY 2.0B |
| FY2017 | CNY 2.2B | CNY 240.4M |
| FY2016 | CNY 576.7M | CNY -117.9M |
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −CNY 13,111,123,374 | LX |
| FY2024 | −CNY 13,987,165,626 | LX |
| FY2023 | −CNY 12,930,743,647 | LX |
| FY2022 | −CNY 9,288,317,636 | LX |
| FY2021 | −CNY 9,726,482,460 | LX |
| FY2020 | −CNY 7,957,281,113 | LX |
| FY2019 | −CNY 1,763,463,458 | LX |
| FY2018 | +CNY 95,446,304 | HTT |
| FY2017 | −CNY 806,822,948 | LX |
| FY2016 | −CNY 2,895,839,661 | LX |
| FY2015 | −CNY 2,289,934,569 | LX |
The higher-revenue side has changed between HTT and LX over this period. The gap has widened since the earliest year compared.
11 of 11 comparable fiscal years — a year missing data on either side is not counted.
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2024 | +34.6 pp | HTT |
| FY2023 | +22.8 pp | HTT |
| FY2022 | −71.1 pp | LX |
| FY2021 | +14.9 pp | HTT |
| FY2020 | +20.9 pp | HTT |
| FY2019 | +15.3 pp | HTT |
| FY2018 | +6.4 pp | HTT |
| FY2017 | +41.0 pp | HTT |
| FY2016 | +42.7 pp | HTT |
| FY2015 | −86.9 pp | LX |
The higher net margin has changed hands between HTT and LX over this period.
10 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
HTT's net margin has been more volatile than LX's over the 10 comparable fiscal years — 47.9 percentage points of standard deviation against 11.0.
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 HTT and LX over these 10 fiscal years — HTT led in 8 and LX in 2.
10 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 HTT's over the 8 comparable fiscal years — 20.0 percentage points of standard deviation against 10.8.
8 of 8 comparable fiscal years — a year missing data on either side is not counted.
Year by year
LX led in return on equity in every one of the 8 comparable fiscal years — a structural lead, not a recent swing.
8 of 8 comparable fiscal years — a year missing data on either side is not counted.