QFIN vs YRD
Qfin Holdings, Inc. and Yiren Digital Ltd., side by side — 9 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | QFIN | YRD |
|---|---|---|
| Revenue | CNY 19.2B | CNY 5.7B |
| Net income | CNY 6.0B | CNY 54.5M |
| Gross margin | 84.4% | · |
| Net margin | 31.1% | 1.0% |
| Return on equity | 24.7% | 0.6% |
| Diluted EPS | CNY 22.01 | CNY 0.31 |
| Dividend / share | · | · |
| Payout ratio | · | 500.9% |
| Free cash flow | CNY 10.8B | CNY 677.9M |
| Equity | CNY 24.1B | CNY 9.3B |
| Net debt / equity | · | −0.36× |
| Current ratio | 2.43× | · |
| Revenue CAGR 5y | 7.2% | 7.6% |
| Profit CAGR 5y | 11.3% | · |
QFIN bills 3.4× the revenue of YRD, and keeps more of each dollar of revenue as profit (31.1% against 1.0%).
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 | QFIN | YRD |
|---|---|---|
| FY2025 | CNY 19.2B | CNY 5.7B |
| FY2024 | CNY 17.2B | CNY 5.8B |
| FY2023 | CNY 16.3B | CNY 4.9B |
| FY2022 | CNY 16.6B | CNY 3.4B |
| FY2021 | CNY 16.6B | CNY 4.5B |
| FY2020 | CNY 13.6B | CNY 4.0B |
| FY2019 | CNY 9.2B | CNY 8.6B |
| FY2018 | CNY 4.4B | CNY 11.2B |
| FY2017 | CNY 788.1M | CNY 11.5B |
Bottom line
| Fiscal year | QFIN | YRD |
|---|---|---|
| FY2025 | CNY 6.0B | CNY 54.5M |
| FY2024 | CNY 6.2B | CNY 1.6B |
| FY2023 | CNY 4.3B | CNY 2.1B |
| FY2022 | CNY 4.0B | CNY 1.2B |
| FY2021 | CNY 5.8B | CNY 1.0B |
| FY2020 | CNY 3.5B | CNY -692.7M |
| FY2019 | CNY 2.5B | CNY 1.2B |
| FY2018 | CNY 1.2B | CNY 1.6B |
| FY2017 | CNY 164.9M | CNY -188.1M |
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +CNY 13,485,839,000 | QFIN |
| FY2024 | +CNY 11,359,755,000 | QFIN |
| FY2023 | +CNY 11,394,394,000 | QFIN |
| FY2022 | +CNY 13,119,310,000 | QFIN |
| FY2021 | +CNY 12,157,716,000 | QFIN |
| FY2020 | +CNY 9,601,992,000 | QFIN |
| FY2019 | +CNY 603,063,000 | QFIN |
| FY2018 | −CNY 6,797,096,000 | YRD |
| FY2017 | −CNY 10,746,664,000 | YRD |
The higher-revenue side has changed between QFIN and YRD over this period. The gap has widened since the earliest year compared.
9 of 13 comparable fiscal years — a year missing data on either side is not counted.
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +30.2 pp | QFIN |
| FY2024 | +9.1 pp | QFIN |
| FY2023 | −16.3 pp | YRD |
| FY2022 | −20.8 pp | YRD |
| FY2021 | +6.7 pp | QFIN |
| FY2020 | +53.8 pp | QFIN |
| FY2019 | +12.1 pp | QFIN |
| FY2018 | +11.1 pp | QFIN |
| FY2017 | +22.7 pp | QFIN |
The higher net margin has changed hands between QFIN and YRD over this period.
9 of 13 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
YRD's net margin has been more volatile than QFIN's over the 9 comparable fiscal years — 21.8 percentage points of standard deviation against 4.7.
9 of 13 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between QFIN and YRD over these 9 fiscal years — QFIN led in 7 and YRD in 2.
9 of 13 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
YRD's return on equity has been more volatile than QFIN's over the 6 comparable fiscal years — 16.0 percentage points of standard deviation against 9.8.
6 of 11 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 QFIN and YRD over these 6 fiscal years — QFIN led in 5 and YRD in 1.
6 of 11 comparable fiscal years — a year missing data on either side is not counted.