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Noah Holdings Limited (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 $475.0M as of Oct 21, 2026
Price / Sales 1.3x on $373.3M revenue, FY2025
Price / Earnings 5.9x on $79.9M net income, FY2025
Price / Book 0.3x 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 Oct 21, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (20-F/6-K) Latest period FY2025, ended Dec 31, 2025 Reported 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 Holdings Limited (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

Noah’s FY2025 rebound came more from restored margins and cash conversion than from meaningful revenue growth.

The strongest earnings-quality signal is that FY2025 operating cash flow reached $140M against net income of $80M, reversing FY2024’s cash-under-earnings pattern. Free cash flow reached $120M, close to operating cash flow, so the recovery reflects cash generation after capital spending rather than purely accounting-led profit improvement.

Revenue rose only from $356M in FY2024 to $373M in FY2025, remaining below FY2023. Yet operating margin recovered from 24.4% to 29.8%, making margin restoration, not top-line scale, the main driver of the profit rebound.

The company’s balance-sheet posture is conservative: liabilities of $251M stood against equity of $1.4B, while debt-to-equity was just 0.2x. A current ratio of 4.5x alongside FY2025 dividends of $78M indicates substantial short-term asset coverage while still returning capital to shareholders.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 70 / 100
Financial Health Score 70/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. 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 Holdings Limited'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
90

Noah Holdings Limited 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 90/100, reflecting efficient cost management and pricing power. This is up from 24.4% the prior year.

Growth
9

Noah Holdings Limited'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
76
Liquidity
89

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

Cash Flow
92

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

Returns
62

Noah Holdings Limited'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 Grey Zone
2.77

Noah Holdings Limited scores 2.77, placing it in the grey zone between 1.81 and 2.99. The largest contribution to the score comes from a market capitalization of $475.0M against total liabilities of $251.4M. This signals moderate financial risk that warrants monitoring.

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 Holdings Limited 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), the one computable operating efficiency signal (asset turnover improving) passes.

Earnings Quality Cash-Backed
1.75x

For every $1 of reported earnings, Noah Holdings Limited 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

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Earnings & Revenue

Revenue
$373.3M
YoY+4.8%
5Y CAGR-5.9%
10Y CAGR+8.1%

Noah Holdings Limited generated $373.3M in revenue in fiscal year 2025. This represents an increase of 4.8% from the prior year.

EBITDA
$133.5M
YoY+23.3%
5Y CAGR-8.5%
10Y CAGR+3.8%

Noah Holdings Limited's EBITDA was $133.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 23.3% from the prior year.

Net Income
$79.9M
YoY+22.7%
5Y CAGRn/m
10Y CAGR-0.3%

Noah Holdings Limited reported $79.9M in net income in fiscal year 2025. This represents an increase of 22.7% from the prior year.

EPS (Diluted)
$0.23
YoY+27.8%

Noah Holdings Limited earned $0.23 per diluted share (EPS) in fiscal year 2025. This represents an increase of 27.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$120.5M
YoY+188.2%
5Y CAGR+1.1%
10Y CAGR+3.8%

Noah Holdings Limited generated $120.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 188.2% from the prior year.

Cash & Debt
$623.6M
YoY+19.1%
5Y CAGR-4.1%
10Y CAGR+7.3%

Noah Holdings Limited held $623.6M in cash as of fiscal year 2025; no long-term debt figure is on record for that period.

Shares Outstanding
335M
YoY0.0%

Noah Holdings Limited had 335M shares outstanding in fiscal year 2025. That is unchanged from the prior year.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

Operating Margin
29.8%
YoY+5.4pp
5Y change-8.3pp
10Y change-20.4pp

Noah Holdings Limited's operating margin was 29.8% in fiscal year 2025, reflecting core business profitability. This is up 5.4 percentage points from the prior year.

Net Margin
21.4%
YoY+3.1pp
5Y change+44.0pp
10Y change-26.7pp

Noah Holdings Limited's net profit margin was 21.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 3.1 percentage points from the prior year.

Return on Equity
5.7%
YoY+0.9pp
5Y change+16.1pp
10Y change-16.2pp

Noah Holdings Limited's ROE was 5.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.9 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2025.

Capital Allocation

Share Buybacks
$7.5M
YoY+2.3%

Noah Holdings Limited spent $7.5M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 2.3% from the prior year.

Capital Expenditures
$19.2M
YoY+70.4%
5Y CAGR+19.4%
10Y CAGR-0.9%

Noah Holdings Limited invested $19.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 70.4% from the prior year.

R&D Spending

Not reported for fiscal year 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 annual income statement
MetricFY2520-FFY2420-FFY2320-FFY2220-FFY2120-FFY2020-FFY1920-FFY1820-FFY1720-FFY1620-FFY1520-FFY1420-FFY1320-FFY1220-FFY1120-F
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 RevenueN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A$34.2M+90.1%$18.0M+21.4%$14.8M
Gross ProfitN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/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%$206.2Mn/m-$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$4.14-32.6%$6.14-$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-$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%347M342M+1.2%338M31M+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

Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.

NOAH Balance Sheet

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 annual balance sheet
MetricFY2520-FFY2420-FFY2320-FFY2220-FFY2120-FFY2020-FFY1920-FFY1820-FFY1720-FFY1620-FFY1520-FFY1420-FFY1320-FFY1220-FFY1120-F
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

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

NOAH Cash Flow 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 annual cash flow statement
MetricFY2520-FFY2420-FFY2320-FFY2220-FFY2120-FFY2020-FFY1920-FFY1820-FFY1720-FFY1620-FFY1520-FFY1420-FFY1320-FFY1220-FFY1120-F
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%$82.7Mn/m-$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$42.8Mn/m-$115.2Mn/m-$34.8M-423.1%$10.8Mn/m-$403.6M-846.9%$54.0Mn/m-$26.1Mn/m-$57.5Mn/m-$128.2Mn/m-$127.3Mn/m-$117.2Mn/m-$14.8Mn/m-$17.1Mn/m-$34.6Mn/m-$20.8M
Financing Cash Flow-$90.9Mn/m-$155.4Mn/m-$28.1M-183.0%$33.9Mn/m-$80.5Mn/m-$56.9M-172.9%$78.0M+388.6%$16.0Mn/m-$121.7M-184.9%$143.3M+100.5%$71.4M+634.3%$9.7Mn/m-$3.1Mn/m-$13.8M-2126.2%$681K
Dividends Paid$78.2M-43.4%$138.1M+452.3%$25.0MN/AN/AN/AN/AN/AN/AN/AN/A$263K-96.6%$7.7M-2.3%$7.9MN/A
Share Buybacks$7.5M+2.3%$7.3MN/AN/A$58.4M+35.4%$43.2MN/AN/A$4.8M+164.9%$1.8M-73.6%$6.9M-41.1%$11.7M0.0%$11.7M+37.0%$8.5MN/A

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 annual financial ratios
MetricFY2520-FFY2420-FFY2320-FFY2220-FFY2120-FFY2020-FFY1920-FFY1820-FFY1720-FFY1620-FFY1520-FFY1420-FFY1320-FFY1220-FFY1120-F
Gross MarginN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A64.4%-8.3pp72.7%-4.0pp76.7%
Operating Margin29.8%+5.4pp24.4%-8.9pp33.3%-1.8pp35.1%+7.2pp27.9%-10.1pp38.1%+11.1pp27.0%-1.2pp28.2%-29.5pp57.7%+10.8pp46.9%-3.2pp50.1%-19.1pp69.3%+6.2pp63.1%+23.8pp39.3%-0.2pp39.5%
Net Margin21.4%+3.1pp18.3%-12.4pp30.6%-0.9pp31.5%+0.9pp30.6%+53.1pp-22.5%-47.0pp24.4%-0.2pp24.7%-32.0pp56.7%+11.4pp45.2%-2.8pp48.1%-7.9pp55.9%+2.3pp53.6%+18.9pp34.7%-3.0pp37.7%
Return on Equity5.7%+0.9pp4.8%-5.0pp9.8%-0.6pp10.4%-6.0pp16.3%+26.7pp-10.4%-22.2pp11.8%-2.1pp13.9%-3.3pp17.2%-2.1pp19.3%-2.6pp21.9%-2.4pp24.3%+1.3pp22.9%+9.7pp13.2%-1.7pp14.9%
Return on Assets4.8%+0.7pp4.0%-3.9pp8.0%-0.3pp8.3%-3.8pp12.1%+20.0pp-7.9%-16.4pp8.5%-1.7pp10.1%-1.6pp11.8%+0.9pp10.8%-2.3pp13.1%-3.7pp16.8%-0.2pp17.0%+5.8pp11.1%-2.1pp13.3%
Current Ratio4.46-0.1x4.53+0.8x3.76+0.4x3.32+0.9x2.42-1.1x3.56-0.9x4.47+1.3x3.21+1.0x2.21-0.8x3.00-0.4x3.37+0.1x3.28-0.9x4.18-3.0x7.21-3.0x10.16
Liabilities-to-Equity0.180.0x0.180.0x0.220.0x0.24-0.1x0.340.0x0.300.0x0.270.0x0.32-0.1x0.45-0.2x0.670.0x0.64+0.2x0.40+0.1x0.30+0.1x0.170.0x0.12
Asset Turnover0.220.0x0.220.0x0.260.0x0.26-0.1x0.390.0x0.350.0x0.35-0.1x0.41+0.2x0.210.0x0.240.0x0.270.0x0.300.0x0.320.0x0.320.0x0.35
FCF Margin32.3%+20.5pp11.7%-23.5pp35.2%+16.8pp18.4%+35.9pp-17.5%-40.0pp22.5%-13.5pp36.0%+8.7pp27.4%-7.9pp35.3%-5.8pp41.1%-7.2pp48.3%-17.7pp66.1%-24.8pp90.8%+48.2pp42.7%+14.8pp27.8%

Not reported in any period shown, so not listed: Debt-to-Equity.

Frequently Asked Questions

What is Noah Holdings Limited's annual revenue?

Noah Holdings Limited (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 Holdings Limited's revenue growing?

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

Is Noah Holdings Limited profitable?

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

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

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

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

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

Noah Holdings Limited (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.

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

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

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

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

Noah Holdings Limited (NOAH) had 335M shares outstanding as of fiscal year 2025.

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

Noah Holdings Limited (NOAH) had a liabilities-to-equity ratio of 0.18 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.

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

Noah Holdings Limited (NOAH) trades at 5.9x earnings, its market capitalization divided by $79.9M net income, FY2025. The market capitalization is $475.0M as of Oct 21, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Noah Holdings Limited (NOAH) trades at 1.3x sales, its market capitalization divided by $373.3M revenue, FY2025. The market capitalization is $475.0M as of Oct 21, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Noah Holdings Limited (NOAH) has an Altman Z-Score of 2.77, 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.

Noah Holdings Limited (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.

Noah Holdings Limited (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.

Noah Holdings Limited (NOAH) scores 70 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is the average 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.

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