Li Auto Inc. Financials
This page shows Li Auto Inc. (LI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Li Auto Inc. has an operating margin of 4.9%, meaning the company retains $5 of operating profit per $100 of revenue. This below-average margin results in a low score of 24/100, suggesting thin profitability after operating expenses. This is down from 6.0% the prior year.
Li Auto Inc.'s revenue grew 13.5% year-over-year to $19.8B, a solid pace of expansion. This earns a growth score of 67/100.
Li Auto Inc. carries a low D/E ratio of 0.12, meaning only $0.12 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Li Auto Inc.'s current ratio of 1.82 indicates adequate short-term liquidity, earning a score of 53/100. The company can meet its near-term obligations, though with limited headroom.
Li Auto Inc.'s free cash flow margin of 5.7% results in a low score of 28/100. Capital expenditures of $1.1B absorb a large share of operating cash flow.
Li Auto Inc.'s ROE of 11.3% shows moderate profitability relative to equity, earning a score of 45/100. This is down from 19.6% the prior year.
Li Auto Inc. scores 2.44, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Li Auto Inc. passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Li Auto Inc. generates $1.98 in operating cash flow ($2.2B OCF vs $1.1B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Li Auto Inc. earns $37.4 in operating income for every $1 of interest expense ($961.6M vs $25.7M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Li Auto Inc. generated $19.8B in revenue in fiscal year 2024. This represents an increase of 13.5% from the prior year.
Li Auto Inc.'s EBITDA was $1.4B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 6.4% from the prior year.
Li Auto Inc. generated $1.1B in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 81.9% from the prior year.
Li Auto Inc. reported $1.1B in net income in fiscal year 2024. This represents a decrease of 33.7% from the prior year.
Li Auto Inc. earned $0.52 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 33.3% from the prior year.
Li Auto Inc. held $9.0B in cash against $1.1B in long-term debt as of fiscal year 2024.
Li Auto Inc. had 2.01B shares outstanding in fiscal year 2024. This represents an increase of 1.1% from the prior year.
Li Auto Inc.'s gross margin was 20.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 1.7 percentage points from the prior year.
Li Auto Inc.'s operating margin was 4.9% in fiscal year 2024, reflecting core business profitability. This is down 1.1 percentage points from the prior year.
Li Auto Inc.'s net profit margin was 5.6% in fiscal year 2024, showing the share of revenue converted to profit. This is down 4.0 percentage points from the prior year.
Li Auto Inc.'s ROE was 11.3% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 8.3 percentage points from the prior year.
Li Auto Inc. invested $1.5B in research and development in fiscal year 2024. This represents an increase of 1.7% from the prior year.
Li Auto Inc. invested $1.1B in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 15.5% from the prior year.
LI Income Statement
| Metric | Q4'24 | Q4'23 | Q4'22 | Q3'22 | Q4'21 | Q4'20 |
|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A |
LI Balance Sheet
| Metric | Q4'24 | Q4'23 | Q4'22 | Q3'22 | Q4'21 | Q4'20 |
|---|---|---|---|---|---|---|
| Total Assets | $22.2B+10.1% | $20.2B+61.1% | $12.5B+12.6% | $11.1B+14.8% | $9.7B+74.1% | $5.6B |
| Current Assets | $17.3B+7.3% | $16.1B+66.1% | $9.7B+11.3% | $8.7B+6.2% | $8.2B+70.9% | $4.8B |
| Cash & Equivalents | $9.0B-29.8% | $12.9B+130.6% | $5.6B+5.9% | $5.3B+20.5% | $4.4B+219.1% | $1.4B |
| Inventory | $1.1B+15.9% | $967.9M-1.9% | $986.6M+27.2% | $775.4M+205.4% | $253.9M+58.1% | $160.6M |
| Accounts Receivable | $18.5M-8.4% | $20.2M+188.2% | $7.0M+53.2% | $4.6M-75.8% | $18.9M+6.8% | $17.7M |
| Goodwill | $751K-2.7% | $772K-2.9% | $795K | N/A | N/A | N/A |
| Total Liabilities | $12.5B+6.8% | $11.7B+94.7% | $6.0B+21.6% | $4.9B+51.2% | $3.3B+223.9% | $1.0B |
| Current Liabilities | $9.5B-7.4% | $10.2B+158.2% | $4.0B+28.9% | $3.1B+62.0% | $1.9B+187.7% | $660.4M |
| Long-Term Debt | $1.1B+353.8% | $246.1M-81.6% | $1.3B+6.2% | $1.3B+34.7% | $935.4M+1092.9% | $78.4M |
| Total Equity | $9.7B+14.6% | $8.5B+30.2% | $6.5B+5.5% | $6.2B-4.3% | $6.4B+41.1% | $4.6B |
| Retained Earnings | $1.4B+304.7% | $343.9M+126.9% | -$1.3B-0.2% | -$1.3B-19.5% | -$1.1B-7.5% | -$993.4M |
LI Cash Flow Statement
| Metric | Q4'24 | Q4'23 | Q4'22 | Q3'22 | Q4'21 | Q4'20 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | $724.9M | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | $257.1M | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | $467.8M | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | -$765.5M | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | $60.1M | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A |
LI Financial Ratios
| Metric | Q4'24 | Q4'23 | Q4'22 | Q3'22 | Q4'21 | Q4'20 |
|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Ratio | 1.82+0.3 | 1.57-0.9 | 2.45-0.4 | 2.83-1.5 | 4.33-3.0 | 7.28 |
| Debt-to-Equity | 0.12+0.1 | 0.03-0.2 | 0.210.0 | 0.20+0.1 | 0.15+0.1 | 0.02 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A |
Similar Companies
Frequently Asked Questions
What is Li Auto Inc.'s annual revenue?
Li Auto Inc. (LI) reported $19.8B in total revenue for fiscal year 2024. This represents a 13.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Li Auto Inc.'s revenue growing?
Li Auto Inc. (LI) revenue grew by 13.5% year-over-year, from $17.4B to $19.8B in fiscal year 2024.
Is Li Auto Inc. profitable?
Yes, Li Auto Inc. (LI) reported a net income of $1.1B in fiscal year 2024, with a net profit margin of 5.6%.
What is Li Auto Inc.'s earnings per share (EPS)?
Li Auto Inc. (LI) reported diluted earnings per share of $0.52 for fiscal year 2024. This represents a -33.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Li Auto Inc.'s EBITDA?
Li Auto Inc. (LI) had EBITDA of $1.4B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Li Auto Inc. have?
As of fiscal year 2024, Li Auto Inc. (LI) had $9.0B in cash and equivalents against $1.1B in long-term debt.
What is Li Auto Inc.'s gross margin?
Li Auto Inc. (LI) had a gross margin of 20.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Li Auto Inc.'s operating margin?
Li Auto Inc. (LI) had an operating margin of 4.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Li Auto Inc.'s net profit margin?
Li Auto Inc. (LI) had a net profit margin of 5.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Li Auto Inc.'s return on equity (ROE)?
Li Auto Inc. (LI) has a return on equity of 11.3% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Li Auto Inc.'s free cash flow?
Li Auto Inc. (LI) generated $1.1B in free cash flow during fiscal year 2024. This represents a -81.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Li Auto Inc.'s operating cash flow?
Li Auto Inc. (LI) generated $2.2B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Li Auto Inc.'s total assets?
Li Auto Inc. (LI) had $22.2B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Li Auto Inc.'s capital expenditures?
Li Auto Inc. (LI) invested $1.1B in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Li Auto Inc. spend on research and development?
Li Auto Inc. (LI) invested $1.5B in research and development during fiscal year 2024.
How many shares does Li Auto Inc. have outstanding?
Li Auto Inc. (LI) had 2.01B shares outstanding as of fiscal year 2024.
What is Li Auto Inc.'s current ratio?
Li Auto Inc. (LI) had a current ratio of 1.82 as of fiscal year 2024, which is generally considered healthy.
What is Li Auto Inc.'s debt-to-equity ratio?
Li Auto Inc. (LI) had a debt-to-equity ratio of 0.12 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Li Auto Inc.'s return on assets (ROA)?
Li Auto Inc. (LI) had a return on assets of 5.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Li Auto Inc.'s Altman Z-Score?
Li Auto Inc. (LI) has an Altman Z-Score of 2.44, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Li Auto Inc.'s Piotroski F-Score?
Li Auto Inc. (LI) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Li Auto Inc.'s earnings high quality?
Li Auto Inc. (LI) has an earnings quality ratio of 1.98x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Li Auto Inc. cover its interest payments?
Li Auto Inc. (LI) has an interest coverage ratio of 37.4x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Li Auto Inc.?
Li Auto Inc. (LI) scores 53 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.