QH vs TCOM
Quhuo Ltd. and Trip.com Group Ltd., side by side — 8 fiscal years reported in CNY, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | QH | TCOM |
|---|---|---|
| Revenue | CNY 2.5B | CNY 62.5B |
| Net income | CNY -149.5M | CNY 33.3B |
| Gross margin | 0.5% | 80.4% |
| Net margin | −6.0% | 53.4% |
| Return on equity | −36.5% | 21.3% |
| Diluted EPS | −CNY 0.11 | — |
| Dividend / share | — | — |
| Payout ratio | — | 4.3% |
| Free cash flow | CNY -39.4M | CNY 13.6B |
| Equity | CNY 354.8M | CNY 170.8B |
| Net debt / equity | 0.21× | −0.05× |
| Current ratio | 1.03× | 1.55× |
| Revenue CAGR 5y | −0.4% | 27.8% |
| Profit CAGR 5y | — | — |
TCOM bills 24.7× the revenue of QH, and QH 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
8 years side by side
| Fiscal year | QH | TCOM |
|---|---|---|
| FY2025 | CNY 2.5B | CNY 62.5B |
| FY2024 | CNY 3.0B | CNY 53.4B |
| FY2023 | CNY 3.7B | CNY 44.6B |
| FY2022 | CNY 3.8B | CNY 20.1B |
| FY2021 | CNY 4.0B | CNY 20.0B |
| FY2020 | CNY 2.6B | CNY 18.3B |
| FY2019 | CNY 2.1B | CNY 35.7B |
| FY2018 | CNY 1.5B | CNY 31.1B |
Net income by year
Bottom line
| Fiscal year | QH | TCOM |
|---|---|---|
| FY2025 | CNY -149.5M | CNY 33.3B |
| FY2024 | CNY 2.7M | CNY 17.1B |
| FY2023 | CNY 3.3M | CNY 9.9B |
| FY2022 | CNY -13.1M | CNY 1.4B |
| FY2021 | CNY -157.9M | CNY -550.0M |
| FY2020 | CNY 3.4M | CNY -3.2B |
| FY2019 | CNY -11.8M | CNY 7.0B |
| FY2018 | CNY -42.6M | CNY 1.1B |