SOHUSohu.com Limited

$13.84-7.5% 1Y

The business

How SOHU's business earns

Sohu.com Limited earns −17% on the capital it employs against an estimated 9.0% cost of capital.

−17%

Return on invested capital · cost of capital 9.0% · 26 points below the estimated cost of capital

Operating margin
−16%

Operating margin · Electronic Gaming & Multimedia median −2.6% · fiscal year to Dec 31, 2025

Share count, year on year
−12%

Share count, year on year · fewer shares than a year ago

R&D as % of revenue
42%

R&D as % of revenue

Operating margin by fiscal year
Operating margin by fiscal year
YearOperating margin
FY20209.8%
FY202112%
FY2022−0.12%
FY2023−15%
FY2024−18%
FY2025−16%
Details›
Gross marginfiscal year to Dec 31, 2025
78%
Operating marginfiscal year to Dec 31, 2025
−16%
Net marginfiscal year to Dec 31, 2025
67%
Free cash flow margin
−0.91%
R&D as % of revenue
42%
Revenue, trailing twelve months
$584M
Free cash flow, trailing twelve months
−$5.3M
Net income, trailing twelve months
$394M
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
−17%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.

Sohu.com (SOHU) Margins and Return on Capital · Ryufin