HTT vs QFIN
High Templar Tech Ltd. and Qfin Holdings, Inc., side by side — 9 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | HTT | QFIN |
|---|---|---|
| Revenue | CNY 41.0M | CNY 19.2B |
| Net income | CNY 708.6M | CNY 6.0B |
| Gross margin | 81.1% | 84.4% |
| Net margin | · | 31.1% |
| Return on equity | 6.2% | 24.7% |
| Diluted EPS | · | CNY 22.01 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | CNY 570.4M | CNY 10.8B |
| Equity | CNY 11.6B | CNY 24.1B |
| Net debt / equity | −0.34× | · |
| Current ratio | 5.75× | 2.43× |
| Revenue CAGR 5y | −59.3% | 7.2% |
| Profit CAGR 5y | −5.9% | 11.3% |
QFIN bills 468.8× 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.
9 years side by side
| Fiscal year | HTT | QFIN |
|---|---|---|
| FY2025 | CNY 41.0M | CNY 19.2B |
| FY2024 | CNY 216.4M | CNY 17.2B |
| FY2023 | CNY 126.3M | CNY 16.3B |
| FY2022 | CNY 577.5M | CNY 16.6B |
| FY2021 | CNY 1.7B | CNY 16.6B |
| FY2020 | CNY 3.7B | CNY 13.6B |
| FY2019 | CNY 8.8B | CNY 9.2B |
| FY2018 | CNY 7.7B | CNY 4.4B |
| FY2017 | CNY 4.8B | CNY 788.1M |
Bottom line
| Fiscal year | HTT | QFIN |
|---|---|---|
| FY2025 | CNY 708.6M | CNY 6.0B |
| FY2024 | CNY 91.7M | CNY 6.2B |
| FY2023 | CNY 39.1M | CNY 4.3B |
| FY2022 | CNY -362.0M | CNY 4.0B |
| FY2021 | CNY 589.1M | CNY 5.8B |
| FY2020 | CNY 958.8M | CNY 3.5B |
| FY2019 | CNY 3.3B | CNY 2.5B |
| FY2018 | CNY 2.5B | CNY 1.2B |
| FY2017 | CNY 2.2B | CNY 164.9M |
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −CNY 19,164,095,374 | QFIN |
| FY2024 | −CNY 16,949,227,626 | QFIN |
| FY2023 | −CNY 16,163,688,647 | QFIN |
| FY2022 | −CNY 15,976,436,636 | QFIN |
| FY2021 | −CNY 14,981,602,460 | QFIN |
| FY2020 | −CNY 9,875,980,113 | QFIN |
| FY2019 | −CNY 379,803,458 | QFIN |
| FY2018 | +CNY 3,245,324,304 | HTT |
| FY2017 | +CNY 3,987,222,052 | HTT |
The higher-revenue side has changed between HTT 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.
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2024 | +6.0 pp | HTT |
| FY2023 | +4.8 pp | HTT |
| FY2022 | −86.9 pp | QFIN |
| FY2021 | +0.8 pp | HTT |
| FY2020 | +0.2 pp | HTT |
| FY2019 | +9.8 pp | HTT |
| FY2018 | +5.6 pp | HTT |
| FY2017 | +24.4 pp | HTT |
The higher net margin has changed hands between HTT and QFIN over this period.
8 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 QFIN's over the 8 comparable fiscal years — 33.0 percentage points of standard deviation against 4.9.
8 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 QFIN over these 8 fiscal years — HTT led in 7 and QFIN in 1.
8 of 11 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
HTT's return on equity has been more volatile than QFIN's over the 8 comparable fiscal years — 10.8 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
QFIN 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.