XPEVXPeng Inc.

$9.21-57% 1Y

Is the business good?

How good a business is XPEV?

XPeng Inc. earns −9.7% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.

−9.7%

Return on invested capital · cost of capital 9.0% · 19 points below what the capital costs: growth destroys value

Operating margin
−3.6%

Operating margin · Auto Manufacturers median −3.6% · fiscal year to FY2025

Share count, year on year
+0.67%

Share count, year on year · flat: no meaningful dilution

R&D as % of revenue
12%

R&D as % of revenue

Operating margin by fiscal year
YearOperating margin
FY2020−73%
FY2021−31%
FY2022−32%
FY2023−36%
FY2024−16%
FY2025−3.6%
Details›
Gross marginfiscal year to FY2025
19%
Operating marginfiscal year to FY2025
−3.6%
Net marginfiscal year to FY2025
−1.5%
Free cash flow margin
6.7%
R&D as % of revenue
12%
Revenue, trailing twelve months
$76.7B
Free cash flow, trailing twelve months
$5.10B
Net income, trailing twelve months
−$1.14B
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
−9.7%

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