What is Noah Hldgs Ltd's earnings per share (EPS)?

Noah Hldgs Ltd (NOAH) reported diluted earnings per share of $0.23 for fiscal year 2025. This represents a 27.8% 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.

Noah Hldgs Ltd (NOAH) Financials

NOAH

FY2025 annual

Revenue $373.3M +4.8% YoY

Net Income $79.9M +22.7% YoY

EPS (Diluted) $0.23 +27.8% YoY

Free Cash Flow $120.5M +188.2% YoY

Market Cap $571.1M as of Sep 3, 2026

Price / Sales 1.5x on $373.3M revenue, FY2025

Price / Earnings 7.1x on $79.9M net income, FY2025

Price / Book 0.4x on $1.4B equity, Q4 FY2025

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Dec 31, 2025 Reported Apr 29, 2026 Currency USD FYE December

Newest figures come from the 20-F for FY2025, filed Apr 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NOAH SEC filings page.

Noah Hldgs Ltd (NOAH) reported $373.3M in revenue for fiscal year 2025, up 4.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI NOAH FY2025 2026-08-30

Profitability recovery is converting into cash again, while a low-leverage balance sheet and moderated distributions shape the financing model.

In FY2025, operating cash flow of $139.7M exceeded net income of $79.9M, reversing FY2024's weaker cash conversion. Free cash flow rose to $120.5M from $41.8M, indicating that the earnings recovery required relatively little reinvestment to become discretionary cash.

The operating margin rebound to 29.8% from 24.4% shows profitability recovered faster than the business's revenue base. Revenue reached only $373.3M from $356.3M, so the improvement reflects better operating economics rather than simple top-line expansion.

Liabilities were $251.4M against $1.4B of equity, making the balance sheet predominantly equity-financed. A 4.5x current ratio coexisted with $78.2M of dividends, so the financing pattern combined substantial short-term coverage with distributions that were lower than the prior year's payout.

Financial Health Signals

Financial Health Score 70/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Noah Hldgs Ltd's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Noah Hldgs Ltd has an operating margin of 29.8%, meaning the company retains $30 of operating profit per $100 of revenue. This strong profitability earns a score of 92/100, reflecting efficient cost management and pricing power. This is up from 24.4% the prior year.

Growth

Noah Hldgs Ltd's revenue grew a modest 4.8% year-over-year to $373.3M. This slow but positive growth earns a score of 9/100.

Leverage

Noah Hldgs Ltd carries a low D/E ratio of 0.18, meaning only $0.18 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 76/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 4.46, Noah Hldgs Ltd holds $4.46 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 89/100.

Cash Flow

Noah Hldgs Ltd converts 32.3% of revenue into free cash flow ($120.5M). This strong cash generation earns a score of 92/100.

Returns

Noah Hldgs Ltd's ROE of 5.7% shows moderate profitability relative to equity, earning a score of 62/100. This is up from 4.8% the prior year.

Altman Z-Score Safe

3.00

Noah Hldgs Ltd scores 3.00, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

5/7

Noah Hldgs Ltd passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.75x

For every $1 of reported earnings, Noah Hldgs Ltd generates $1.75 in operating cash flow ($139.7M OCF vs $79.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Earnings & Revenue

None of these metrics is reported for Q4 2025.

Cash & Balance Sheet

Cash & Debt

$623.6M

YoY+19.1%

QoQ+19.1%

Noah Hldgs Ltd held $623.6M in cash as of Q4 2025; long-term debt is not reported for that period.

Shares Outstanding

335M

YoY0.0%

QoQ0.0%

Noah Hldgs Ltd had 335M shares outstanding in Q4 2025. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q4 2025.

Dividends Per Share

Not reported for Q4 2025.

Margins & Returns

None of these metrics is reported for Q4 2025.

Capital Allocation

None of these metrics is reported for Q4 2025.

NOAH Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NOAH quarterly income statement

Metric	FY2520-F	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$373.3M+4.8%	$356.3M-23.2%	$464.0M+3.2%	$449.5M-33.3%	$673.7M+33.0%	$506.6M+4.0%	$487.2M+1.8%	$478.5M+131.2%	$206.9M+1.0%	$205.0M+19.1%	$172.1M+32.9%	$129.5M+34.9%	$96.0M+45.9%	$65.8M+3.4%	$63.6M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$34.2M+90.1%	$18.0M+21.4%	$14.8M
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$61.8M+29.3%	$47.8M-2.1%	$48.8M
SG&A Expenses	$43.7M+7.5%	$40.7M+4.7%	$38.8M+13.8%	$34.1M-43.3%	$60.2M+41.2%	$42.6M0.0%	$42.6M+4.8%	$40.6M+6.2%	$38.3M+13.3%	$33.8M+28.0%	$26.4M+7.2%	$24.6M+36.1%	$18.1M+103.2%	$8.9M-34.3%	$13.6M
Operating Income	$111.1M+27.9%	$86.8M-43.8%	$154.6M-2.0%	$157.8M-16.1%	$188.1M-2.5%	$192.9M+46.8%	$131.4M-2.5%	$134.8M+12.8%	$119.4M+24.3%	$96.1M+11.4%	$86.3M-3.8%	$89.7M+48.1%	$60.6M+134.4%	$25.8M+3.0%	$25.1M
EBITDA	$133.5M+23.3%	$108.3M-38.8%	$176.9M-1.9%	$180.4M-14.5%	$211.1M+1.5%	$208.0M+41.9%	$146.6M-1.1%	$148.2M+12.2%	$132.0M+25.8%	$104.9M+14.6%	$91.6M-1.9%	$93.3M+48.0%	$63.0M+127.9%	$27.7M+6.0%	$26.1M
Income Tax	$42.6M+15.7%	$36.8M-0.4%	$37.0M-4.6%	$38.7M-16.0%	$46.1M+16.4%	$39.6M+25.3%	$31.6M-2.3%	$32.3M+5.7%	$30.6M+34.5%	$22.8M+13.5%	$20.1M-18.3%	$24.5M+50.8%	$16.3M+81.1%	$9.0M+15.4%	$7.8M
Net Income	$79.9M+22.7%	$65.1M-54.2%	$142.2M+0.4%	$141.6M-31.3%	$206.2M+280.6%	-$114.2M-195.9%	$119.1M+0.9%	$118.0M+0.6%	$117.3M+26.5%	$92.7M+12.1%	$82.7M+14.2%	$72.4M+40.8%	$51.4M+125.3%	$22.8M-4.8%	$24.0M
EPS (Basic)	$0.23+21.1%	$0.19-53.7%	$0.41-90.1%	$4.14-32.6%	$6.14+266.8%	-$3.68-194.4%	$3.90-3.0%	$4.02-3.1%	$4.15+26.1%	$3.29+11.5%	$2.95+13.5%	$2.60+39.0%	$1.87+128.0%	$0.82-4.7%	$0.86
EPS (Diluted)	$0.23+27.8%	$0.18-56.1%	$0.41	$4.14-32.1%	$6.10+265.8%	-$3.68-195.3%	$3.86-0.5%	$3.88-2.5%	$3.98+25.2%	$3.18+12.4%	$2.83+10.1%	$2.57+39.7%	$1.84+127.2%	$0.81-3.6%	$0.84
Diluted Shares (Avg)	352M-0.1%	352M+1.4%	347M	342M+1.2%	338M+989.0%	31M+0.3%	31M+0.7%	31M+1.6%	30M+0.7%	30M-0.4%	30M+6.8%	28M+0.8%	28M-0.2%	28M-1.6%	29M

Metric	Q4'2520-F	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K	Q4'1810-K

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

NOAH Balance Sheet

NOAH quarterly balance sheet

Metric	FY2520-F	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$1.7B+4.0%	$1.6B-9.7%	$1.8B+4.5%	$1.7B+0.1%	$1.7B+18.6%	$1.4B+2.3%	$1.4B+20.8%	$1.2B+16.8%	$998.2M+16.4%	$857.9M+35.6%	$632.5M+46.7%	$431.1M+42.2%	$303.3M+47.7%	$205.4M+13.5%	$180.9M
Current Assets	$909.5M+2.5%	$887.0M-11.5%	$1.0B+9.4%	$915.9M+5.8%	$865.7M-15.7%	$1.0B+6.2%	$966.9M+30.2%	$742.4M+19.7%	$620.3M-9.0%	$681.6M+35.4%	$503.5M+37.4%	$366.4M+39.5%	$262.7M+38.5%	$189.7M+11.1%	$170.7M
Cash & Equivalents	$623.6M+19.1%	$523.7M-28.4%	$731.3M+14.5%	$638.5M+19.5%	$534.3M-30.4%	$767.1M+21.7%	$630.2M+60.2%	$393.3M+34.2%	$293.1M-31.8%	$429.6M+39.8%	$307.2M+13.7%	$270.2M+37.8%	$196.1M+64.0%	$119.6M-12.6%	$136.9M
Short-Term Investments	$94.0M-46.2%	$174.6M+226.7%	$53.4M+16.7%	$45.8M+214.6%	$14.6M-17.3%	$17.6M-81.7%	$96.4M+47.2%	$65.5M+165.9%	$24.6M-42.8%	$43.1M-50.2%	$86.5M+289.8%	$22.2M-21.3%	$28.2M-42.5%	$49.0M+136.7%	$20.7M
Accounts Receivable	$60.1M-7.4%	$64.9M-8.6%	$71.0M-1.7%	$72.2M-43.0%	$126.8M+90.4%	$66.6M+111.1%	$31.5M-23.2%	$41.1M+52.3%	$27.0M-8.2%	$29.4M+55.7%	$18.9M+72.2%	$11.0M+29.5%	$8.5M-15.7%	$10.1M+61.3%	$6.2M
Long-Term Investments	$81.7M+1791.0%	$4.3M-95.2%	$90.1M-11.2%	$101.4M+9.8%	$92.3M+4161.7%	$2.2M0.0%	$2.2M-89.4%	$20.4M-69.4%	$66.5M+243.5%	$19.4M+1146.2%	$1.6M-69.9%	$5.2M-50.8%	$10.5M+237.4%	$3.1M+64.2%	$1.9M
Total Liabilities	$251.4M+3.9%	$242.0M-23.9%	$318.0M-4.5%	$333.1M-22.8%	$431.2M+32.6%	$325.2M+17.5%	$276.9M+3.5%	$267.5M-12.4%	$305.4M-5.1%	$321.8M+33.4%	$241.3M+103.7%	$118.4M+74.0%	$68.1M+127.9%	$29.9M+49.9%	$19.9M
Current Liabilities	$204.1M+4.2%	$195.8M-26.5%	$266.4M-3.6%	$276.2M-22.9%	$358.3M+24.3%	$288.3M+33.4%	$216.2M-6.6%	$231.4M-17.4%	$280.2M+23.5%	$226.9M+52.1%	$149.3M+33.7%	$111.7M+77.8%	$62.8M+138.6%	$26.3M+56.7%	$16.8M
Non-Current Liabilities	$47.3M+2.5%	$46.1M-10.6%	$51.6M-9.3%	$56.9M-22.0%	$73.0M+97.5%	$37.0M-39.1%	$60.7M+68.4%	$36.0M+43.2%	$25.2M-73.5%	$94.9M+3.1%	$92.0M+1253.9%	$6.8M+29.6%	$5.2M+48.3%	$3.5M+13.2%	$3.1M
Total Equity	$1.4B+3.1%	$1.4B-6.2%	$1.5B+6.5%	$1.4B+8.1%	$1.3B+14.6%	$1.1B+9.3%	$1.0B+18.7%	$849.1M+24.7%	$680.8M+41.8%	$479.9M+27.0%	$378.0M+26.6%	$298.6M+33.1%	$224.4M+29.6%	$173.2M+7.6%	$161.0M
Retained Earnings	$831.5M+2.8%	$808.9M-10.8%	$906.6M+11.6%	$812.6M-0.2%	$814.0M+33.1%	$611.5M-10.1%	$680.1M+18.5%	$573.9M+29.5%	$443.1M+37.2%	$322.9M+30.9%	$246.7M+45.5%	$169.5M+74.6%	$97.1M+82.0%	$53.4M+39.0%	$38.4M

Metric	Q4'2520-F	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K	Q4'1810-K
Total Assets	$1.7B+4.0%	$1.6B-9.7%	$1.8B+4.5%	$1.7B+0.1%	$1.7B+18.6%	$1.4B+2.3%	$1.4B+20.8%	$1.2B+16.8%
Current Assets	$909.5M+2.5%	$887.0M-11.5%	$1.0B+9.4%	$915.9M+5.8%	$865.7M-15.7%	$1.0B+6.2%	$966.9M+30.2%	$742.4M+19.7%
Cash & Equivalents	$623.6M+19.1%	$523.7M-28.4%	$731.3M+14.5%	$638.5M+19.5%	$534.3M-30.4%	$767.1M+21.7%	$630.2M+60.2%	$393.3M+34.2%
Short-Term Investments	$94.0M-46.2%	$174.6M+226.7%	$53.4M+16.7%	$45.8M+214.6%	$14.6M-17.3%	$17.6M-81.7%	$96.4M+47.2%	$65.5M+165.9%
Accounts Receivable	$60.1M-7.4%	$64.9M-8.6%	$71.0M-1.7%	$72.2M-43.0%	$126.8M+90.4%	$66.6M+111.1%	$31.5M-23.2%	$41.1M+52.3%
Long-Term Investments	$81.7M+1791.0%	$4.3M-95.2%	$90.1M-11.2%	$101.4M+9.8%	$92.3M+4161.7%	$2.2M0.0%	$2.2M-89.4%	$20.4M-69.4%
Total Liabilities	$251.4M+3.9%	$242.0M-23.9%	$318.0M-4.5%	$333.1M-22.8%	$431.2M+32.6%	$325.2M+17.5%	$276.9M+3.5%	$267.5M-12.4%
Current Liabilities	$204.1M+4.2%	$195.8M-26.5%	$266.4M-3.6%	$276.2M-22.9%	$358.3M+24.3%	$288.3M+33.4%	$216.2M-6.6%	$231.4M-17.4%
Non-Current Liabilities	$47.3M+2.5%	$46.1M-10.6%	$51.6M-9.3%	$56.9M-22.0%	$73.0M+97.5%	$37.0M-39.1%	$60.7M+68.4%	$36.0M+43.2%
Total Equity	$1.4B+3.1%	$1.4B-6.2%	$1.5B+6.5%	$1.4B+8.1%	$1.3B+14.6%	$1.1B+9.3%	$1.0B+18.7%	$849.1M+24.7%
Retained Earnings	$831.5M+2.8%	$808.9M-10.8%	$906.6M+11.6%	$812.6M-0.2%	$814.0M+33.1%	$611.5M-10.1%	$680.1M+18.5%	$573.9M+29.5%

Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.

NOAH Cash Flow Statement

NOAH quarterly cash flow statement

Metric	FY2520-F	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$139.7M+163.2%	$53.1M-71.4%	$185.7M+102.3%	$91.8M-61.6%	$238.8M+95.7%	$122.0M-34.0%	$185.0M+23.6%	$149.7M+55.0%	$96.6M-2.3%	$98.8M-5.2%	$104.2M+9.6%	$95.1M+1.2%	$94.0M+213.7%	$30.0M+40.7%	$21.3M
Depreciation & Amortization	$22.4M+4.5%	$21.5M-3.6%	$22.3M-1.5%	$22.6M-1.7%	$23.0M+52.4%	$15.1M-0.4%	$15.1M+12.8%	$13.4M+6.5%	$12.6M+42.6%	$8.8M+66.2%	$5.3M+46.1%	$3.6M+47.2%	$2.5M+36.1%	$1.8M+81.1%	$1.0M
Stock-Based Compensation	$9.6M-36.0%	$14.9M+819.8%	$1.6M-73.5%	$6.1M-23.4%	$8.0M-12.6%	$9.2M-32.8%	$13.6M-16.9%	$16.4M+14.0%	$14.4M+26.2%	$11.4M+9.2%	$10.4M+97.2%	$5.3M+1.0%	$5.2M+31.2%	$4.0M+85.4%	$2.2M
Capital Expenditures	$19.2M+70.4%	$11.3M-49.4%	$22.2M+144.6%	$9.1M-97.4%	$356.4M+4405.2%	$7.9M-15.7%	$9.4M-49.7%	$18.6M-20.5%	$23.5M+60.8%	$14.6M-30.6%	$21.0M+119.0%	$9.6M+42.0%	$6.8M+258.4%	$1.9M-47.3%	$3.6M
Free Cash Flow	$120.5M+188.2%	$41.8M-74.4%	$163.4M+97.7%	$82.7M+170.3%	-$117.6M-203.0%	$114.1M-35.0%	$175.7M+34.0%	$131.1M+79.3%	$73.1M-13.2%	$84.2M+1.3%	$83.2M-2.7%	$85.5M-1.9%	$87.2M+210.7%	$28.1M+58.5%	$17.7M
Investing Cash Flow	$42.8M+137.2%	-$115.2M-230.9%	-$34.8M-423.1%	$10.8M+102.7%	-$403.6M-846.9%	$54.0M+306.7%	-$26.1M+54.6%	-$57.5M+55.1%	-$128.2M-0.7%	-$127.3M-8.6%	-$117.2M-692.3%	-$14.8M+13.7%	-$17.1M+50.4%	-$34.6M-66.0%	-$20.8M
Financing Cash Flow	-$90.9M+41.5%	-$155.4M-452.0%	-$28.1M-183.0%	$33.9M+142.1%	-$80.5M-41.5%	-$56.9M-172.9%	$78.0M+388.6%	$16.0M+113.1%	-$121.7M-184.9%	$143.3M+100.5%	$71.4M+634.3%	$9.7M+413.5%	-$3.1M+77.5%	-$13.8M-2126.2%	$681K
Dividends Paid	$78.2M-43.4%	$138.1M+452.3%	$25.0M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$263K-96.6%	$7.7M-2.3%	$7.9M	N/A
Share Buybacks	$7.5M+2.3%	$7.3M	N/A	N/A	$58.4M+35.4%	$43.2M	N/A	N/A	$4.8M+164.9%	$1.8M-73.6%	$6.9M-41.1%	$11.7M0.0%	$11.7M+37.0%	$8.5M	N/A

Metric	Q4'2520-F	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K	Q4'1810-K

Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.

NOAH Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NOAH quarterly financial ratios

Metric	FY2520-F	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	64.4%-8.3pp	72.7%-4.0pp	76.7%
Operating Margin	29.8%+5.4pp	24.4%-8.9pp	33.3%-1.8pp	35.1%+7.2pp	27.9%-10.1pp	38.1%+11.1pp	27.0%-1.2pp	28.2%-29.5pp	57.7%+10.8pp	46.9%-3.2pp	50.1%-19.1pp	69.3%+6.2pp	63.1%+23.8pp	39.3%-0.2pp	39.5%
Net Margin	21.4%+3.1pp	18.3%-12.4pp	30.6%-0.9pp	31.5%+0.9pp	30.6%+53.1pp	-22.5%-47.0pp	24.4%-0.2pp	24.7%-32.0pp	56.7%+11.4pp	45.2%-2.8pp	48.1%-7.9pp	55.9%+2.3pp	53.6%+18.9pp	34.7%-3.0pp	37.7%
Return on Equity	5.7%+0.9pp	4.8%-5.0pp	9.8%-0.6pp	10.4%-6.0pp	16.3%+26.7pp	-10.4%-22.2pp	11.8%-2.1pp	13.9%-3.3pp	17.2%-2.1pp	19.3%-2.6pp	21.9%-2.4pp	24.3%+1.3pp	22.9%+9.7pp	13.2%-1.7pp	14.9%
Return on Assets	4.8%+0.7pp	4.0%-3.9pp	8.0%-0.3pp	8.3%-3.8pp	12.1%+20.0pp	-7.9%-16.4pp	8.5%-1.7pp	10.1%-1.6pp	11.8%+0.9pp	10.8%-2.3pp	13.1%-3.7pp	16.8%-0.2pp	17.0%+5.8pp	11.1%-2.1pp	13.3%
Current Ratio	4.46-0.1x	4.53+0.8x	3.76+0.4x	3.32+0.9x	2.42-1.1x	3.56-0.9x	4.47+1.3x	3.21+1.0x	2.21-0.8x	3.00-0.4x	3.37+0.1x	3.28-0.9x	4.18-3.0x	7.21-3.0x	10.16
Debt-to-Equity	0.180.0x	0.180.0x	0.220.0x	0.24-0.1x	0.340.0x	0.300.0x	0.270.0x	0.32-0.1x	0.45-0.2x	0.670.0x	0.64+0.2x	0.40+0.1x	0.30+0.1x	0.170.0x	0.12
Asset Turnover	0.220.0x	0.220.0x	0.260.0x	0.26-0.1x	0.390.0x	0.350.0x	0.35-0.1x	0.41+0.2x	0.210.0x	0.240.0x	0.270.0x	0.300.0x	0.320.0x	0.320.0x	0.35
FCF Margin	32.3%+20.5pp	11.7%-23.5pp	35.2%+16.8pp	18.4%+35.9pp	-17.5%-40.0pp	22.5%-13.5pp	36.0%+8.7pp	27.4%-7.9pp	35.3%-5.8pp	41.1%-7.2pp	48.3%-17.7pp	66.1%-24.8pp	90.8%+48.2pp	42.7%+14.8pp	27.8%

Metric	Q4'2520-F	Q4'2410-K	Q4'2310-K	Q4'2210-K	Q4'2110-K	Q4'2010-K	Q4'1910-K	Q4'1810-K
Current Ratio	4.46-0.1x	4.53+0.8x	3.76+0.4x	3.32+0.9x	2.42-1.1x	3.56-0.9x	4.47+1.3x	3.21+1.0x
Debt-to-Equity	0.180.0x	0.180.0x	0.220.0x	0.24-0.1x	0.340.0x	0.300.0x	0.270.0x	0.32-0.1x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.

Where Noah Hldgs Ltd Ranks

Frequently Asked Questions

What is Noah Hldgs Ltd's annual revenue?

Noah Hldgs Ltd (NOAH) reported $373.3M in total revenue for fiscal year 2025. This represents a 4.8% 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 Noah Hldgs Ltd's revenue growing?

Noah Hldgs Ltd (NOAH) revenue grew by 4.8% year-over-year, from $356.3M to $373.3M in fiscal year 2025.

Is Noah Hldgs Ltd profitable?

Yes, Noah Hldgs Ltd (NOAH) reported a net income of $79.9M in fiscal year 2025, with a net profit margin of 21.4%.

What is Noah Hldgs Ltd's EBITDA?

Noah Hldgs Ltd (NOAH) had EBITDA of $133.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Noah Hldgs Ltd's operating margin?

Noah Hldgs Ltd (NOAH) had an operating margin of 29.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Noah Hldgs Ltd's net profit margin?

Noah Hldgs Ltd (NOAH) had a net profit margin of 21.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Noah Hldgs Ltd's return on equity (ROE)?

Noah Hldgs Ltd (NOAH) has a return on equity of 5.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Noah Hldgs Ltd's free cash flow?

Noah Hldgs Ltd (NOAH) generated $120.5M in free cash flow during fiscal year 2025. This represents a 188.2% 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 Noah Hldgs Ltd's operating cash flow?

Noah Hldgs Ltd (NOAH) generated $139.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Noah Hldgs Ltd's total assets?

Noah Hldgs Ltd (NOAH) had $1.7B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Noah Hldgs Ltd's capital expenditures?

Noah Hldgs Ltd (NOAH) invested $19.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Noah Hldgs Ltd buy back shares?

Yes, Noah Hldgs Ltd (NOAH) spent $7.5M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Noah Hldgs Ltd have outstanding?

Noah Hldgs Ltd (NOAH) had 335M shares outstanding as of fiscal year 2025.

What is Noah Hldgs Ltd's current ratio?

Noah Hldgs Ltd (NOAH) had a current ratio of 4.46 as of fiscal year 2025, which is generally considered healthy.

What is Noah Hldgs Ltd's debt-to-equity ratio?

Noah Hldgs Ltd (NOAH) had a debt-to-equity ratio of 0.18 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Noah Hldgs Ltd's return on assets (ROA)?

Noah Hldgs Ltd (NOAH) had a return on assets of 4.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Noah Hldgs Ltd's P/E ratio?

Noah Hldgs Ltd (NOAH) trades at 7.1x earnings, its market capitalization divided by net income of $79.9M net income, FY2025. The market capitalization is $571.1M as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Noah Hldgs Ltd's price-to-sales ratio?

Noah Hldgs Ltd (NOAH) trades at 1.5x sales, its market capitalization divided by revenue of $373.3M revenue, FY2025. The market capitalization is $571.1M as of Sep 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Noah Hldgs Ltd's Altman Z-Score?

Noah Hldgs Ltd (NOAH) has an Altman Z-Score of 3.00, placing it in the Safe Zone (low bankruptcy 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 Noah Hldgs Ltd's Piotroski F-Score?

Noah Hldgs Ltd (NOAH) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Noah Hldgs Ltd's earnings high quality?

Noah Hldgs Ltd (NOAH) has an earnings quality ratio of 1.75x, 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.

How financially healthy is Noah Hldgs Ltd?

Noah Hldgs Ltd (NOAH) scores 70 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.