Saturday 17 October 2026 Export NOAH’s income statement to Excel — free account

Noah Holdings Ltd.

Noah Holdings Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $373.3 million, up 4.75% from fiscal 2024. In the quarter to June 2026, revenue grew 3.97%, EPS grew 38.9% and free cash flow grew 214.3%, each against the same quarter a year earlier.

7.22 0.13 −1.77%

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Market cap: $494.6M
P/E: 5.8×
Fwd P/E: 7.4×
Dividend yield: 19.1%
F-score: 7/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	12.83	23.44	20.53	17.86	0.00	10.13	7.58	6.50	12.46	8.82
Piotroski F-Score Full definition →	4	4	4	5	3	6	4	6	5	7
P/S ratio Full definition →	3.43	6.16	5.30	4.44	5.85	3.06	2.39	19.87	2.31	1.88
P/FCF ratio Full definition →	3.65	8.21	6.83	4.66	31.15	2.32	0.00	7.00	2.74	4.08
P/Operating CF Full definition →	12.57	27.72	16.95	11.69	24.30	8.63	13.57	116.61	15.48	5.01
P/B ratio Full definition →	2.32	3.86	2.83	1.91	2.66	1.61	0.78	6.28	0.60	0.49
Price to Tangible BV Full definition →	2.32	3.86	2.83	1.91	2.66	1.61	0.78	6.28	0.60	0.49
EV/Sales Full definition →	2.35	5.79	4.54	3.14	4.49	2.39	1.07	18.34	0.61	0.21
EV/EBITDA Full definition →	8.84	21.05	16.14	11.65	11.80	8.55	2.93	55.02	2.51	0.70
EV/Operating CF Full definition →	2.17	6.37	4.84	2.89	14.72	1.26	(1,064.40)	6.24	0.62	0.36
EV/FCF Full definition →	2.50	7.71	5.85	3.30	23.90	1.81	(1.31)	6.46	0.73	0.45
Quick Ratio Full definition →	2.60	1.37	2.17	3.51	2.96	1.89	2.75	3.29	3.90	3.82
Current Ratio Full definition →	3.00	2.21	3.21	4.47	3.56	2.42	3.32	3.76	4.53	4.46
Net Debt/EBITDA Full definition →	(3.72)	(1.84)	(3.15)	(5.16)	(3.79)	(2.60)	(3.81)	(4.56)	(6.46)	(5.39)
Debt/Assets Full definition →	9.56%	7.51%	1.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Debt/Equity Full definition →	0.15	0.11	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Asset Turnover Full definition →	0.49	0.47	0.44	0.38	0.36	0.43	0.26	0.27	0.21	0.23
Operating CF/Net income Full definition →	1.07	0.82	1.27	1.55	(1.07)	1.16	0.65	1.31	0.81	1.75
Capex/Depreciation Full definition →	(1.65)	(1.86)	(4.27)	(0.97)	(0.54)	(15.23)	(0.40)	(1.00)	(0.52)	(0.85)
Interest Coverage Full definition →	34.59	32.21	92.36	2,119.76	2.54	1.14	0.92	—	—	—
ROE Full definition →	20.00%	19.08%	14.83%	11.74%	(10.17%)	17.24%	10.67%	9.99%	4.59%	5.71%
ROA Full definition →	12.44%	12.63%	10.91%	9.26%	(8.02%)	13.10%	8.28%	8.13%	3.83%	4.85%
ROIC Full definition →	41.35%	16.58%	18.31%	20.35%	36.63%	16.14%	14.30%	14.60%	8.07%	9.80%
Return on Tangible Assets Full definition →	18.93%	30.32%	21.02%	15.01%	(14.70%)	22.60%	14.16%	13.10%	6.40%	7.67%
Average Days of Receivables Full definition →	117.38	55.84	33.43	23.63	47.97	68.70	58.64	55.83	66.45	58.75
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	73.90%	69.92%	68.59%	66.00%	62.12%	69.63%	65.35%	67.33%	73.64%	67.62%
Intangible Assets out of Total Assets Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Share Based Compensation of Revenue Full definition →	3.15%	3.31%	3.43%	2.80%	1.81%	1.65%	1.36%	0.35%	3.71%	2.53%
Graham Net Nets Full definition →	0.29	0.12	0.19	0.32	0.24	0.21	0.54	0.07	0.79	0.94
Graham Number Full definition →	19.20	23.60	26.98	28.70	0.00	36.01	30.65	9.85	20.33	22.89
Earnings Yield Full definition →	7.79%	4.27%	4.87%	5.60%	(3.95%)	9.87%	13.20%	15.37%	8.03%	11.34%
Free Cash Flow Yield Full definition →	27.38%	12.18%	14.64%	21.45%	3.21%	43.16%	(34.34%)	14.29%	36.53%	24.53%
Revenue per Share Full definition →	6.43	7.68	8.17	7.97	8.17	10.03	6.58	0.67	5.08	5.35
Operating CF per Share Full definition →	1.76	1.71	2.56	3.03	1.97	3.56	1.34	0.27	0.76	2.00
Capex per Share Full definition →	(0.26)	(0.41)	(0.32)	(0.15)	(0.13)	(5.22)	(0.13)	(0.03)	(0.16)	(0.27)
Free Cash Flow per Share Full definition →	1.50	1.29	2.24	2.87	1.84	(1.66)	1.21	0.24	0.60	1.73
Cash per Share Full definition →	8.40	5.62	7.84	11.90	12.67	8.17	10.06	1.16	9.97	10.31
Shareholders Equity per Share Full definition →	9.52	12.25	15.33	18.50	17.98	19.02	20.16	2.11	19.55	20.47
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	9.52	12.25	15.33	18.50	17.98	19.02	20.16	2.11	19.55	20.47
Free Cash Flow Full definition →	84.24	73.11	131.07	175.66	114.13	(111.50)	82.67	163.44	41.81	120.47
Working Capital Full definition →	454.68	340.10	510.95	750.69	739.02	507.45	639.71	736.05	691.22	705.46
Capital Expenditures Full definition →	(14.60)	(23.47)	(18.65)	(9.38)	(7.91)	(350.31)	(9.09)	(22.24)	(11.26)	(19.18)
Net Current Asset Value Full definition →	359.78	314.93	474.90	689.99	702.06	434.47	582.77	684.41	645.08	658.16
EV/EBIT Full definition →	8.84	21.05	16.14	11.65	11.80	8.55	3.05	55.02	2.51	0.70
Capex to Sales Full definition →	0.04	0.05	0.04	0.02	0.02	0.52	0.02	0.05	0.03	0.05
Price to Operating Income Full definition →	12.93	22.42	18.83	16.46	15.38	10.96	6.80	59.62	9.46	6.31
Other line items
Depreciation/Fixed assets Full definition →	0.25	0.27	0.09	0.23	0.38	0.06	0.06	0.06	0.07	0.07
Cash ROIC Full definition →	7.72%	6.73%	9.51%	9.45%	6.00%	(6.10%)	4.00%	7.18%	2.02%	5.61%
Accounts Receivable Turnover Full definition →	5.35	4.75	8.68	12.93	10.33	6.97	4.52	6.48	5.25	5.97
Average Receivables Full definition →	67.65	91.44	55.15	37.68	49.06	96.69	99.51	71.60	67.93	62.47
Average Assets Full definition →	745.19	928.08	1,081.94	1,286.84	1,424.30	1,574.70	1,709.71	1,748.63	1,700.20	1,646.31
Average Common Equity Full definition →	463.63	614.45	795.50	1,014.67	1,123.24	1,196.45	1,327.52	1,423.07	1,420.22	1,399.64

Fold the line items

Columns are period end dates

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