Saturday 17 October 2026
Export EH’s income statement to Excel — free account
EHang Holdings Limited Unsponsored ADR
EH Industrials Aerospace & Defense
EHang Holdings Limited Unsponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $59.8 million, down 4.36% from fiscal 2024. In the quarter to June 2026, revenue fell 44.1%, EPS fell 50.0%, free cash flow fell 1,807.1% and total debt rose 96.6%, each against the same quarter a year earlier.
3.61
0.29
−7.44%
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| Dec '19 | Jan '20 | Dec '20 | Jan '21 | Dec '21 | Jan '22 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
— | — | — | — | 3 | — | 4 | 4 | 5 | 3 |
P/E ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Altman Z-Score |
8.81 | — | 19.96 | — | 11.96 | — | (0.38) | 6.18 | 6.05 | 2.95 |
P/S ratio |
0.00 | 0.00 | 41.90 | 42.16 | 94.56 | 100.83 | 84.79 | 58.03 | 16.93 | 16.17 |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Altman Z″-Score (non-manufacturers) |
1.41 | — | (1.69) | — | (4.94) | — | (11.14) | (10.07) | 0.11 | (1.03) |
Beneish M-Score |
— | — | 2.93 | — | (5.92) | — | (3.71) | (2.95) | (1.58) | (1.61) |
P/Operating CF |
(48.01) | (56.72) | (186.49) | (187.64) | (92.04) | (47.09) | (59.49) | (104.80) | 48.90 | (37.65) |
P/B ratio |
8.45 | 9.99 | 27.17 | 27.34 | 16.08 | 17.15 | 30.14 | 31.81 | 8.08 | 6.33 |
Price to Tangible BV |
8.49 | 10.02 | 27.28 | 27.44 | 16.12 | 17.18 | 30.62 | 32.18 | 8.10 | 6.41 |
EV/Sales |
0.00 | 0.00 | 41.09 | 41.35 | 89.59 | 95.86 | 81.98 | 55.89 | 14.61 | 14.24 |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Operating CF |
0.00 | 0.00 | (48.78) | (49.09) | (24.97) | (26.72) | (10.34) | (14.04) | 104.38 | (79.39) |
EV/FCF |
0.00 | 0.00 | (46.08) | (46.37) | (21.32) | (22.81) | (9.20) | (12.81) | (370.68) | (20.88) |
Quick Ratio |
3.88 | 2.24 | 2.25 | 2.72 | 2.71 | 1.05 | 0.95 | 1.48 | 2.58 | 1.73 |
Current Ratio |
4.48 | 2.69 | 2.69 | 3.50 | 3.50 | 1.37 | 1.37 | 1.81 | 2.89 | 2.07 |
Net Debt/EBITDA |
7.17 | 1.66 | 2.05 | 0.88 | 0.90 | 0.17 | 0.42 | 0.89 | 4.41 | 2.72 |
Debt/Assets |
8.35% | 9.29% | 3.10% | 5.60% | 5.60% | 37.69% | 23.48% | 13.81% | 6.01% | 16.17% |
Debt/Equity |
0.12 | 0.16 | 0.05 | 0.09 | 0.09 | 1.61 | 1.00 | 0.39 | 0.10 | 0.30 |
Asset Turnover |
0.42 | 0.00 | 0.40 | 0.00 | 0.11 | 0.00 | 0.08 | 0.21 | 0.41 | 0.24 |
Operating CF/Net income |
0.73 | 1.73 | 1.73 | 0.39 | 0.39 | 0.53 | 0.53 | 0.29 | (0.69) | 0.65 |
Capex/Depreciation |
(0.66) | 0.00 | (1.44) | 0.00 | (2.02) | 0.00 | (1.53) | (0.69) | (2.93) | (7.48) |
Interest Coverage |
(55.48) | (51.58) | (39.09) | (129.01) | (177.74) | (132.80) | (79.55) | (101.03) | (75.34) | (52.97) |
| 63.74% | 0.00% | (30.57%) | 0.00% | (103.74%) | 0.00% | (135.00%) | (176.15%) | (39.08%) | (27.82%) | |
| (26.33%) | 0.00% | (19.35%) | 0.00% | (62.25%) | 0.00% | (59.12%) | (52.70%) | (20.89%) | (15.73%) | |
ROIC |
(123.04%) | 0.00% | (55.26%) | 0.00% | (385.88%) | 0.00% | 0.00% | 0.00% | 0.00% | (75.80%) |
Return on Tangible Assets |
(21.71%) | (28.90%) | (30.50%) | (82.84%) | (83.83%) | (150.36%) | (216.12%) | (121.86%) | (24.27%) | (26.90%) |
Average Days of Receivables |
123.18 | 352.73 | 336.00 | 382.35 | 369.75 | 376.51 | 167.19 | 108.12 | 46.56 | 97.52 |
Research and Development Expense of Revenue |
46.93% | 58.44% | 58.45% | 241.43% | 241.44% | 304.81% | 304.82% | 142.49% | 43.73% | 46.55% |
Selling, General and Administrative Expense of Revenue |
52.37% | 54.86% | 54.86% | 405.96% | 405.98% | 437.15% | 460.75% | 179.25% | 79.89% | 93.71% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
Share Based Compensation of Revenue |
12.10% | 0.00% | 30.46% | 0.00% | 213.25% | 0.00% | 218.66% | 129.00% | 59.88% | 58.89% |
Graham Net Nets |
0.11 | 0.09 | 0.03 | 0.03 | 0.05 | 0.05 | (0.01) | 0.01 | 0.09 | 0.08 |
Graham Number |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
(0.28%) | (0.24%) | (1.14%) | (1.13%) | (5.90%) | (5.53%) | (8.84%) | (4.43%) | (3.05%) | (4.08%) |
Free Cash Flow Yield |
0.00% | 0.00% | (2.13%) | (2.12%) | (4.44%) | (4.17%) | (10.51%) | (7.52%) | (0.23%) | (4.22%) |
Revenue per Share |
0.57 | 0.70 | 0.50 | 0.23 | 0.16 | 0.17 | 0.11 | 0.27 | 0.93 | 0.82 |
Operating CF per Share |
(0.26) | (0.59) | (0.42) | (0.49) | (0.34) | (0.65) | (0.44) | (0.20) | 0.32 | (0.35) |
Capex per Share |
(0.02) | 0.00 | (0.02) | 0.00 | (0.04) | 0.00 | (0.03) | (0.02) | (0.08) | (0.29) |
Free Cash Flow per Share |
(0.28) | (0.59) | (0.45) | (0.49) | (0.38) | (0.65) | (0.47) | (0.23) | 0.24 | (0.64) |
Cash per Share |
1.55 | 0.78 | 0.53 | 1.27 | 0.87 | 0.91 | 0.63 | 0.77 | 2.36 | 2.20 |
Shareholders Equity per Share |
1.48 | 1.14 | 0.78 | 1.35 | 0.93 | 0.45 | 0.32 | 0.50 | 1.95 | 2.08 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
1.48 | 1.14 | 0.78 | 1.35 | 0.93 | 0.45 | 0.32 | 0.50 | 1.95 | 2.08 |
Free Cash Flow |
(8.51) | (21.98) | (24.61) | (18.86) | (21.55) | (25.76) | (27.12) | (13.73) | 16.15 | (46.97) |
Working Capital |
47.82 | 40.74 | 40.83 | 53.46 | 53.47 | 15.08 | 15.20 | 28.59 | 121.47 | 109.78 |
Capital Expenditures |
(0.54) | (1.32) | (1.36) | (2.43) | (2.46) | (2.05) | (1.98) | (1.28) | (5.49) | (21.30) |
Net Current Asset Value |
42.30 | 39.40 | 33.35 | 49.54 | 43.28 | 3.22 | (2.76) | 9.67 | 99.78 | 80.12 |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.03 | 0.00 | 0.05 | 0.00 | 0.28 | 0.00 | 0.31 | 0.08 | 0.09 | 0.36 |
Price to Operating Income |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.35 | 0.28 | 0.30 | 0.23 | 0.23 | 0.18 | 0.19 | 0.30 | 0.23 | 0.08 |
Cash ROIC |
(8.69%) | (28.14%) | (33.31%) | (17.81%) | (20.31%) | (31.22%) | (37.52%) | (15.45%) | 5.34% | (13.04%) |
Accounts Receivable Turnover |
3.73 | 0.00 | 1.76 | 0.00 | 0.52 | 0.00 | 1.07 | 4.22 | 9.71 | 4.99 |
Accounts Payable Turnover |
2.40 | 0.00 | 1.88 | 0.00 | 0.43 | 0.00 | 0.36 | 1.18 | 2.16 | 1.26 |
Inventory Turnover |
3.82 | 0.00 | 2.29 | 0.00 | 0.33 | 0.00 | 0.19 | 0.63 | 2.58 | 1.85 |
Average Days of Payables |
196.81 | 276.99 | 262.44 | 809.91 | 800.42 | 490.74 | 857.22 | 304.21 | 264.00 | 300.74 |
Days of Inventory on Hand |
133.38 | 318.45 | 232.54 | 1,564.95 | 1,371.77 | 1,097.21 | 1,749.47 | 515.57 | 156.78 | 230.65 |
Average Receivables |
4.69 | 15.56 | 15.66 | 17.32 | 17.22 | 7.91 | 5.99 | 3.92 | 6.44 | 11.97 |
Average Payables |
3.03 | 6.02 | 6.03 | 7.65 | 7.65 | 6.12 | 6.15 | 5.04 | 11.20 | 18.20 |
Average Inventory |
1.90 | 6.00 | 4.94 | 10.51 | 9.73 | 11.83 | 11.37 | 9.44 | 9.37 | 12.45 |
Average Assets |
41.36 | 69.32 | 69.41 | 79.14 | 79.14 | 80.19 | 80.50 | 80.64 | 150.70 | 250.93 |
Average Common Equity |
(17.08) | 43.77 | 43.93 | 47.37 | 47.49 | 35.15 | 35.25 | 24.12 | 80.56 | 141.86 |
Columns are period end dates