LX vs XYF
LexinFintech Holdings Ltd. and X Financial, side by side — 10 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | LX | XYF |
|---|---|---|
| Revenue | CNY 13.2B | CNY 7.6B |
| Net income | CNY 1.7B | CNY 1.5B |
| Gross margin | 34.0% | 73.6% |
| Net margin | 12.8% | 19.2% |
| Return on equity | 14.8% | 19.8% |
| Diluted EPS | CNY 4.72 | CNY 5.87 |
| Dividend / share | · | $0.09 |
| Payout ratio | 22.8% | 10.6% |
| Free cash flow | CNY 3.3B | CNY 1.4B |
| Equity | · | CNY 7.8B |
| Net debt / equity | −0.12× | −0.07× |
| Current ratio | 1.89× | · |
| Revenue CAGR 5y | 2.5% | 28.4% |
| Profit CAGR 5y | 23.0% | · |
LX bills 1.7× the revenue of XYF, and XYF keeps more of each dollar of revenue as profit (19.2% against 12.8%).
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 | LX | XYF |
|---|---|---|
| FY2025 | CNY 13.2B | CNY 7.6B |
| FY2024 | CNY 14.2B | CNY 5.9B |
| FY2023 | CNY 13.1B | CNY 4.8B |
| FY2022 | CNY 9.9B | CNY 3.6B |
| FY2021 | CNY 11.4B | CNY 3.6B |
| FY2020 | CNY 11.6B | CNY 2.2B |
| FY2019 | CNY 10.6B | CNY 3.1B |
| FY2018 | CNY 7.6B | CNY 3.5B |
| FY2017 | CNY 5.6B | CNY 1.8B |
| FY2016 | CNY 4.3B | CNY 230.3M |
Bottom line
| Fiscal year | LX | XYF |
|---|---|---|
| FY2025 | CNY 1.7B | CNY 1.5B |
| FY2024 | CNY 1.1B | CNY 1.5B |
| FY2023 | CNY 1.1B | CNY 1.2B |
| FY2022 | CNY 825.9M | CNY 812.0M |
| FY2021 | CNY 2.3B | CNY 825.4M |
| FY2020 | CNY 595.0M | CNY -1.3B |
| FY2019 | CNY 2.3B | CNY 774.3M |
| FY2018 | CNY 2.0B | CNY 883.1M |
| FY2017 | CNY 240.4M | CNY 340.3M |
| FY2016 | CNY -117.9M | CNY -119.6M |
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +CNY 5,512,662,569 | LX |
| FY2024 | +CNY 8,331,812,254 | LX |
| FY2023 | +CNY 8,242,197,970 | LX |
| FY2022 | +CNY 6,302,860,885 | LX |
| FY2021 | +CNY 7,754,059,895 | LX |
| FY2020 | +CNY 9,452,297,542 | LX |
| FY2019 | +CNY 7,515,457,005 | LX |
| FY2018 | +CNY 4,056,295,956 | LX |
| FY2017 | +CNY 3,795,253,807 | LX |
| FY2016 | +CNY 4,108,380,315 | LX |
LX 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 | −6.4 pp | XYF |
| FY2024 | −18.5 pp | XYF |
| FY2023 | −16.5 pp | XYF |
| FY2022 | −14.4 pp | XYF |
| FY2021 | −2.3 pp | XYF |
| FY2020 | +64.8 pp | LX |
| FY2019 | −3.4 pp | XYF |
| FY2018 | +1.1 pp | LX |
| FY2017 | −14.7 pp | XYF |
| FY2016 | +49.5 pp | LX |
The higher net margin has changed hands between LX 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 LX's over the 10 comparable fiscal years — 31.7 percentage points of standard deviation against 8.5.
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 LX and XYF over these 10 fiscal years — LX led in 3 and XYF in 7.
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 XYF's over the 8 comparable fiscal years — 20.0 percentage points of standard deviation against 19.7.
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 LX and XYF over these 8 fiscal years — LX led in 4 and XYF in 4.
8 of 10 comparable fiscal years — a year missing data on either side is not counted.