Operating Income for Li Auto (LI)
According to Li Auto's latest reported financial statements, the company's current operating income (TTM) is -$986.71M USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
LI
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TTM (last 4 quarters)
-$986.71M
YoY change
-115.2%
5Y CAGR
N/A
Peak year (2023)
$7.14B
Cumulative operating income
$4.19B
Operating Income history chart for Li Auto (LI) from 2018 to 2025
Operating Income history table for Li Auto (LI) from 2018 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | -$967.65M | -115.2% | ||
| 2024 | $6.36B | -11.0% | ||
| 2023 | $7.14B | -292.0% | ||
| 2022 | -$3.72B | +270.4% | ||
| 2021 | -$1.00B | +66.2% | ||
| 2020 | -$604.08M | -67.1% | ||
| 2019 | -$1.84B | +56.2% | ||
| 2018 | -$1.18B | — |
Operating Income values are taken from Li Auto's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in CNY as filed.
Analysis
2025's annual operating income for Li Auto (LI) came in at -$967.65M – plunged 115.2% year-over-year.
Li Auto operating income plunged from $7.14B in 2023 to -$967.65M in 2025, a 113.5% drawdown.
The highest annual operating income of $7.14B was reported in 2023. The lowest in the available history was -$3.72B in 2022.
Among 8 Consumer Cyclical peers, Li Auto (LI) ranks 9th; the peer median for operating income is $16.64B.
Li Auto Operating Income by Year
Li Auto Operating Income 2025: -$967.65M
Li Auto operating income in 2025 was -$967.65M, plunged 115.2% below 2024.
Li Auto Operating Income 2024: $6.36B
Li Auto operating income in 2024 was $6.36B, declined 11.0% below 2023.
Li Auto Operating Income 2023: $7.14B
Li Auto operating income in 2023 was $7.14B, plunged 292.0% below 2022. This figure represents the highest annual value in the available history.
Li Auto Operating Income 2022: -$3.72B
Li Auto operating income in 2022 was -$3.72B, surged 270.4% from 2021. This figure represents the lowest annual value in the available history.
Li Auto Operating Income 2021: -$1.00B
Li Auto operating income in 2021 was -$1.00B.
See more financial history for Li Auto (LI).
Sector peers — Operating Income
Companies in the same sector as Li Auto, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Alibaba Group Holding Limited (BABA) | $140.91B | Consumer Cyclical |
| PDD Holdings Inc. (PDD) | $92.05B | Consumer Cyclical |
| Amazon.com, Inc. (AMZN) | $79.97B | Consumer Cyclical |
| The Home Depot, Inc. (HD) | $20.89B | Consumer Cyclical |
| McDonald's Corporation (MCD) | $12.39B | Consumer Cyclical |
| Booking Holdings Inc. (BKNG) | $9.28B | Consumer Cyclical |
| The TJX Companies, Inc. (TJX) | $7.18B | Consumer Cyclical |
| Tesla, Inc. (TSLA) | $4.36B | Consumer Cyclical |
Frequently asked questions
What is Li Auto's operating income?
- Latest reported operating income for Li Auto (LI) is -$986.71M (period ending December 31, 2025).
How has Li Auto operating income changed year-over-year?
- Li Auto (LI) operating income changed -115.2% year-over-year on the latest annual filing.
When did Li Auto operating income hit its highest annual value?
- Li Auto operating income reached its highest annual value of $7.14B in 2023.
What was Li Auto operating income in 2024?
- Li Auto (LI) operating income in 2024 was $6.36B.
What was Li Auto operating income in 2025?
- Li Auto (LI) operating income in 2025 was -$967.65M.
Metrics overview
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