QFIN vs XYF
Qfin Holdings, Inc. and X Financial, side by side — 9 fiscal years reported in CNY, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | QFIN | XYF |
|---|---|---|
| Revenue | ¥19.2B | ¥7.6B |
| Net income | ¥6.0B | ¥1.5B |
| Gross margin | 84.4% | 73.6% |
| Net margin | 31.1% | 19.2% |
| Return on equity | 24.7% | 19.8% |
| Diluted EPS | ¥22.01 | ¥5.87 |
| Dividend / share | — | ¥0.09 |
| Payout ratio | — | 10.6% |
| Free cash flow | ¥10.8B | ¥1.4B |
| Equity | ¥24.1B | ¥7.8B |
| Net debt / equity | −0.17× | −0.07× |
| Current ratio | 2.43× | — |
| Revenue CAGR 5y | 7.2% | 28.4% |
| Profit CAGR 5y | 11.3% | — |
QFIN bills 2.5× the revenue of XYF, and keeps more of each dollar of revenue as profit (31.1% against 19.2%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
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Revenue by year
9 years side by side
| Fiscal year | QFIN | XYF |
|---|---|---|
| FY2025 | ¥19.2B | ¥7.6B |
| FY2024 | ¥17.2B | ¥5.9B |
| FY2023 | ¥16.3B | ¥4.8B |
| FY2022 | ¥16.6B | ¥3.6B |
| FY2021 | ¥16.6B | ¥3.6B |
| FY2020 | ¥13.6B | ¥2.2B |
| FY2019 | ¥9.2B | ¥3.1B |
| FY2018 | ¥4.4B | ¥3.5B |
| FY2017 | ¥788.1M | ¥1.8B |
Net income by year
Bottom line
| Fiscal year | QFIN | XYF |
|---|---|---|
| FY2025 | ¥6.0B | ¥1.5B |
| FY2024 | ¥6.2B | ¥1.5B |
| FY2023 | ¥4.3B | ¥1.2B |
| FY2022 | ¥4.0B | ¥812.0M |
| FY2021 | ¥5.8B | ¥825.4M |
| FY2020 | ¥3.5B | ¥-1.3B |
| FY2019 | ¥2.5B | ¥774.3M |
| FY2018 | ¥1.2B | ¥883.1M |
| FY2017 | ¥164.9M | ¥340.3M |
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