LI vs XPEV
Li Auto Inc. and Xpeng Inc., side by side — 7 fiscal years reported in CNY, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | LI | XPEV |
|---|---|---|
| Revenue | CNY 112.3B | CNY 76.7B |
| Net income | CNY 1.1B | CNY -1.1B |
| Gross margin | 18.7% | 18.9% |
| Net margin | 1.0% | −1.5% |
| Return on equity | 1.6% | −3.7% |
| Diluted EPS | CNY 0.54 | −CNY 0.60 |
| Dividend / share | — | — |
| Payout ratio | — | — |
| Free cash flow | CNY -12.8B | CNY 5.1B |
| Equity | CNY 72.6B | CNY 30.4B |
| Net debt / equity | −0.65× | −0.29× |
| Current ratio | 1.81× | 1.09× |
| Revenue CAGR 5y | 64.0% | 67.4% |
| Profit CAGR 5y | — | — |
LI bills 1.5× the revenue of XPEV, and XPEV closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
Revenue by year
7 years side by side
| Fiscal year | LI | XPEV |
|---|---|---|
| FY2025 | CNY 112.3B | CNY 76.7B |
| FY2024 | CNY 144.5B | CNY 40.9B |
| FY2023 | CNY 123.9B | CNY 30.7B |
| FY2022 | CNY 45.3B | CNY 26.9B |
| FY2021 | CNY 27.0B | CNY 21.0B |
| FY2020 | CNY 9.5B | CNY 5.8B |
| FY2019 | CNY 284.4M | CNY 2.3B |
Net income by year
Bottom line
| Fiscal year | LI | XPEV |
|---|---|---|
| FY2025 | CNY 1.1B | CNY -1.1B |
| FY2024 | CNY 8.0B | CNY -5.8B |
| FY2023 | CNY 11.8B | CNY -10.4B |
| FY2022 | CNY -2.0B | CNY -9.1B |
| FY2021 | CNY -321.5M | CNY -4.9B |
| FY2020 | CNY -151.7M | CNY -2.7B |
| FY2019 | CNY -2.4B | CNY -3.7B |