TTM
-3.9%
YoY change
−5.29pp
Trough year (2019)
-647.2%
Peak year (2023)
5.8%
Latest annual
-0.9%
Operating Margin history chart for Li Auto (LI) from 2019 to 2025
Latest: -0.9%
Operating Margin change chart for Li Auto (LI) from 2019 to 2025
Latest: −5.29pp
Operating Margin history table for Li Auto (LI) from 2019 to 2025
| 2025 | -0.9% | -5.29pp | ||
| 2024 | 4.4% | -1.37pp | ||
| 2023 | 5.8% | +13.84pp | ||
| 2022 | -8.1% | -4.30pp | ||
| 2021 | -3.8% | +2.99pp | ||
| 2020 | -6.8% | +640.49pp | ||
| 2019 | -647.2% | — |
- 2025-0.9%-5.29pp
- 20244.4%-1.37pp
- 20235.8%+13.84pp
- 2022-8.1%-4.30pp
- 2021-3.8%+2.99pp
- 2020-6.8%+640.49pp
- 2019-647.2%—
Operating 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 Operating Margin at Li Auto (LI)
According to Li Auto's latest reported financial statements, the company's latest reported operating margin is -3.9%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual operating margin for Li Auto (LI) came in at -0.89% – contracted 5.3 percentage points year-over-year.
2023 marks the peak operating margin at 5.77%, with the historical low of -647.24% recorded in 2019.
Li Auto Operating Margin by Year
Li Auto Operating Margin 2025: -0.9%
In 2025, Li Auto reported operating margin of -0.89%, contracted 5.3 percentage points from 2024.
Li Auto Operating Margin 2024: 4.4%
Li Auto operating margin in 2024 was 4.40%, contracted 1.4 percentage points from 2023.
Li Auto Operating Margin 2023: 5.8%
2023's operating margin for Li Auto came in at 5.77%, expanded 13.8 percentage points from 2022. This figure represents the highest annual value in the available history.
Li Auto Operating Margin 2022: -8.1%
Li Auto posted operating margin of -8.07% in 2022, contracted 4.3 percentage points from 2021.
Li Auto Operating Margin 2021: -3.8%
Li Auto operating margin in 2021 was -3.77%.
See more financial history for Li Auto (LI).
Sector peers by Operating Margin
Consumer Cyclical peers of Li Auto (LI), ranked by their latest operating margin
| 46.0% | |
| 34.3% | |
| 22.2% | |
| 12.4% | |
| 12.4% | |
| 11.5% | |
| 5.8% | |
| 5.0% |
- 46.0%
- 22.2%
- 12.4%
- 12.4%
- 11.5%
- 5.8%
- 5.0%
Frequently asked questions
Li Auto (LI) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation