Zai Lab Limited Unsponsored ADR

ZLAB Healthcare Biotechnology

Zai Lab Limited Unsponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $460.2 million, up 15.3% from fiscal 2024.

Revenue
−6.79%
EPS
−24.3%
Free cash flow
−95.5%
Total debt
+24.3%

Quarter to September 2026, against a year earlier

24.91 2.31 +10.22%
Market cap
$2.6B
P/E
0.0×
Fwd P/E
−10.0×
Dividend yield
—
F-score
4/9
Altman Z
−0.24
Beneish M
−2.35
Dividend safety
n/a

Zai Lab Limited Unsponsored ADR (ZLAB) Operating margin

Alert me on Operating margin

Zai Lab Limited Unsponsored ADR's operating margin over the twelve months to 30 September 2026 was −63.0%, down 13.1 percentage points from fiscal 2025 (−49.9%). Over the past ten years it has ranged from −109,897.7% (fiscal 2018) to 0.00% (fiscal 2017); the current reading is higher than 73% of that period. That is below the Biotechnology industry median of 0.00% and below the Healthcare sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 −49.9% 20.85
FY2024 −70.7% 66.73
FY2023 −137.4% 50.60
FY2022 −188.0% 297.06
FY2021 −485.1% 131.35
FY2020 −616.5% 948.40
FY2019 −1,564.9% 108,332.82
FY2018 −109,897.7% (109,897.67)
FY2017 0.00% 0.00
FY2016 0.00% 0.00

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 −58.2% 13.75
Jun 2026 −72.0% (2.29)
Mar 2026 −69.7% (15.27)
Dec 2025 −54.4% (12.34)
27 more quarters

Against its own ten years

Low −109,897.7% High 0.00%
Ten-year median −137.4%
Current reading's percentile 79

Operating margin against peers

Company Operating margin
ADMA ADMA Biologics Inc compare 46.5%
MBX MBX Biosciences, Inc. compare 0.00%
PHVS Pharvaris N.V. compare 0.00%
ZLAB Zai Lab Limited Unsponsored ADR −63.0%
XNCR Xencor, Inc. compare −205.8%
RCUS Arcus Biosciences, Inc. compare −475.0%
RXRX Recursion Pharmaceuticals, Inc. compare −725.4%
NAMS NewAmsterdam Pharma Company N.V. compare −900.1%
CLDX Celldex Therapeutics, Inc. compare −36,733.8%
Biotechnology industry median 0.00%
Healthcare sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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