QH vs TCOM
Quhuo Ltd. and Trip.com Group Limited, side by side — 8 fiscal years reported in CNY, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | QH | TCOM |
|---|---|---|
| Revenue | ¥2.5B | ¥62.5B |
| Net income | ¥-149.5M | ¥33.3B |
| Gross margin | 0.5% | 80.4% |
| Net margin | −5.9% | 53.3% |
| Return on equity | −36.5% | 21.3% |
| Diluted EPS | — | — |
| Dividend / share | — | — |
| Payout ratio | — | 4.3% |
| Free cash flow | ¥-39.4M | ¥13.6B |
| Equity | ¥354.8M | ¥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.
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Revenue by year
8 years side by side
| Fiscal year | QH | TCOM |
|---|---|---|
| FY2025 | ¥2.5B | ¥62.5B |
| FY2024 | ¥3.0B | ¥53.4B |
| FY2023 | ¥3.7B | ¥44.6B |
| FY2022 | ¥3.8B | ¥20.1B |
| FY2021 | ¥4.0B | ¥20.0B |
| FY2020 | ¥2.6B | ¥18.3B |
| FY2019 | ¥2.1B | ¥35.7B |
| FY2018 | ¥1.5B | ¥31.1B |
Net income by year
Bottom line
| Fiscal year | QH | TCOM |
|---|---|---|
| FY2025 | ¥-149.5M | ¥33.3B |
| FY2024 | ¥2.7M | ¥17.1B |
| FY2023 | ¥3.3M | ¥9.9B |
| FY2022 | ¥-13.1M | ¥1.4B |
| FY2021 | ¥-157.9M | ¥-550.0M |
| FY2020 | ¥3.4M | ¥-3.2B |
| FY2019 | ¥-11.8M | ¥7.0B |
| FY2018 | ¥-42.6M | ¥1.1B |
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