TTM
-11.6%
YoY change
−17.41pp
Trough year (2019)
-968.5%
Peak year (2023)
35.7%
Latest annual
-11.7%
FCF Margin history chart for Li Auto (LI) from 2019 to 2025
Latest: -11.7%
FCF Margin change chart for Li Auto (LI) from 2019 to 2025
Latest: −17.41pp
FCF Margin history table for Li Auto (LI) from 2019 to 2025
| 2025 | -11.7% | -17.41pp | ||
| 2024 | 5.7% | -30.01pp | ||
| 2023 | 35.7% | +30.79pp | ||
| 2022 | 4.9% | -13.48pp | ||
| 2021 | 18.4% | -9.20pp | ||
| 2020 | 27.6% | +996.05pp | ||
| 2019 | -968.5% | — |
- 2025-11.7%-17.41pp
- 20245.7%-30.01pp
- 202335.7%+30.79pp
- 20224.9%-13.48pp
- 202118.4%-9.20pp
- 202027.6%+996.05pp
- 2019-968.5%—
FCF Margin values are taken from Li Auto's reported income statements (interim 6-K and annual 20-F filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in CNY as filed.
About FCF Margin at Li Auto (LI)
According to Li Auto's latest reported financial statements, the company's latest reported free cash flow margin is -11.6%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2025, Li Auto (LI) free cash flow margin totalled -11.73% – contracted 17.4 percentage points year-over-year.
The highest annual free cash flow margin of 35.68% was reported in 2023. The lowest in the available history was -968.48% in 2019.
Li Auto FCF Margin by Year
Li Auto FCF Margin 2025: -11.7%
In 2025, Li Auto reported free cash flow margin of -11.73%, contracted 17.4 percentage points from 2024.
Li Auto FCF Margin 2024: 5.7%
Li Auto free cash flow margin in 2024 was 5.68%, contracted 30.0 percentage points from 2023.
Li Auto FCF Margin 2023: 35.7%
2023's free cash flow margin for Li Auto came in at 35.68%, expanded 30.8 percentage points from 2022. This figure represents the highest annual value in the available history.
Li Auto FCF Margin 2022: 4.9%
Li Auto posted free cash flow margin of 4.89% in 2022, contracted 13.5 percentage points from 2021.
Li Auto FCF Margin 2021: 18.4%
Li Auto free cash flow margin in 2021 was 18.36%.
See more financial history for Li Auto (LI).
Sector peers by FCF Margin
Consumer Cyclical peers of Li Auto (LI), ranked by their latest free cash flow margin
| 32.6% | |
| 25.6% | |
| 24.0% | |
| 8.9% | |
| 8.6% | |
| 7.2% | |
| -0.3% | |
| -4.9% |
- 25.6%
- 24.0%
- 8.6%
- 7.2%
- -0.3%
- -4.9%
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