QH vs ZH
Quhuo Ltd. and Zhihu Inc., side by side — 7 fiscal years reported in CNY, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | QH | ZH |
|---|---|---|
| Revenue | ¥2.5B | ¥2.7B |
| Net income | ¥-149.5M | ¥-195.2M |
| Gross margin | 0.5% | 59.9% |
| Net margin | −5.9% | −7.1% |
| Return on equity | −36.5% | −4.9% |
| Diluted EPS | — | — |
| Dividend / share | — | — |
| Payout ratio | — | — |
| Free cash flow | ¥-39.4M | ¥-364.9M |
| Equity | ¥354.8M | ¥3.8B |
| Net debt / equity | 0.21× | −0.88× |
| Current ratio | 1.03× | 3.73× |
| Revenue CAGR 5y | −0.4% | 15.2% |
| Profit CAGR 5y | — | — |
QH and ZH book revenue within 15% of each other, and both 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
7 years side by side
| Fiscal year | QH | ZH |
|---|---|---|
| FY2025 | ¥2.5B | ¥2.7B |
| FY2024 | ¥3.0B | ¥3.6B |
| FY2023 | ¥3.7B | ¥4.2B |
| FY2022 | ¥3.8B | ¥3.6B |
| FY2021 | ¥4.0B | ¥3.0B |
| FY2020 | ¥2.6B | ¥1.4B |
| FY2019 | ¥2.1B | ¥670.5M |
Net income by year
Bottom line
| Fiscal year | QH | ZH |
|---|---|---|
| FY2025 | ¥-149.5M | ¥-195.2M |
| FY2024 | ¥2.7M | ¥-169.0M |
| FY2023 | ¥3.3M | ¥-839.5M |
| FY2022 | ¥-13.1M | ¥-1.6B |
| FY2021 | ¥-157.9M | ¥-1.3B |
| FY2020 | ¥3.4M | ¥-517.5M |
| FY2019 | ¥-11.8M | ¥-1.0B |
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