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ATHM

Autohome Inc.

ATHM

Autohome Inc. • NYSE
$23.76 ▲ 1.24% (+0.29)
Market Cap $705.71 M
52w High $32.70
52w Low $23.11
Dividend Yield 1.72%
P/E 13.73
Volume 318.05K
Outstanding Shares 29.70M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.769B ▲ $1.019B ▲ $417.216M ▼ 23.588% ▼ $-2.77 ▼ $475.426M ▲
Q2-2025 $1.758B ▲ $958.053M ▲ $446.221M ▲ 25.381% ▼ $3.4 ▲ $296.643M ▲
Q1-2025 $1.454B ▼ $904.943M ▼ $386.104M ▲ 26.558% ▲ $2.86 ▲ $233.355M ▲
Q4-2024 $1.783B ▲ $1.122B ▼ $348.418M ▼ 19.536% ▼ $2.52 ▼ $232.409M ▲
Q3-2024 $1.775B $1.284B $469.933M 26.482% $3.52 $82.616M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $21.893B ▼ $28.773B ▼ $3.451B ▼ $24.066B ▼
Q2-2025 $22.053B ▲ $28.934B ▼ $3.576B ▼ $24.105B ▲
Q1-2025 $21.931B ▼ $29.012B ▼ $3.757B ▼ $24.004B ▲
Q4-2024 $23.316B ▲ $30.222B ▲ $5.021B ▲ $23.952B ▼
Q3-2024 $23.061B $29.922B $3.887B $24.795B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-271.313M ▼ $0 $0 $0 $0 $0
Q2-2025 $398.866M ▲ $0 $0 $0 $0 $0
Q1-2025 $340.45M ▼ $0 $0 $0 $0 $0
Q4-2024 $348.418M ▼ $0 $0 $0 $0 $0
Q3-2024 $469.933M $0 $0 $0 $0 $0

Five-Year Company Overview

Income Statement

Income Statement Revenue has been broadly flat to slightly lower over the past few years, suggesting a mature core business rather than fast growth. Gross margins remain high, which points to a scalable, asset‑light digital model. However, operating profit and net profit are clearly below the levels seen a few years ago, showing margin pressure and higher costs in areas like technology, content, and perhaps sales. Overall, the business is still solidly profitable, but earnings are not on a clear upward trajectory, and profit quality matters more here than top‑line growth.

Balance Sheet

Balance Sheet The balance sheet looks conservative and resilient. The company carries very little debt compared with its equity base, which reduces financial risk and interest burden. Cash levels move around year to year but remain meaningful, giving management flexibility to invest, return capital, or absorb downturns in the auto market. Growing net assets and equity over time show that the business has been able to build value on the balance sheet even as growth has slowed.

Cash Flow

Cash Flow Cash generation is a key strength. Operating cash flow has consistently been strong and comfortably covers the modest level of capital spending, which means the company regularly produces healthy free cash flow. The business does not need heavy investment in physical assets, so cash can be directed to technology, product development, marketing, or capital returns. While cash flow has eased from earlier highs, it still appears more robust than what the income statement alone might suggest.

Competitive Edge

Competitive Edge Autohome occupies a leading position among automotive internet platforms in China, with strong brand recognition, deep relationships with dealers, and a very large, engaged user base. Its rich car data, user reviews, and professional content create a powerful information hub that is hard for newer entrants to replicate quickly. At the same time, it operates in a competitive and fast‑changing landscape, facing pressure from other internet platforms, automakers’ direct digital channels, and shifts in how consumers research and buy cars, especially new energy vehicles. The moat is meaningful, but it must be actively defended.

Innovation and R&D

Innovation and R&D Innovation is clearly a strategic focus. The company is pushing hard into artificial intelligence, virtual assistants, and data analytics to personalize the car‑buying journey and improve marketing tools for automakers and dealers. Its move into immersive offline “Energy Space” stores and dedicated new energy vehicle programs shows a willingness to experiment beyond pure online ads. Autohome is also developing SaaS and data products for industry partners, deepening its role as a technology provider rather than just a media platform. The main question is execution speed and how effectively these innovations translate into durable revenue and margin growth.

Summary

Autohome combines a strong market position and cash‑rich, asset‑light economics with slower revenue growth and thinner margins than in the past. The balance sheet and cash flows provide a solid foundation and room to invest, while the company leans into AI, data, and new energy vehicle ecosystems to refresh its growth story and defend its moat. Key watchpoints include: whether new products (AI tools, NEV initiatives, offline experiences, and SaaS) can re‑accelerate growth, how well Autohome navigates competition and regulatory dynamics in China, and whether it can maintain high profitability while continuing to invest heavily in innovation.

NEWS

November 6, 2025 · 4:30 AM UTC

Autohome Inc. Announces Unaudited Third Quarter 2025 Financial Results

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October 24, 2025 · 5:30 AM UTC

Autohome Inc. to Announce Third Quarter 2025 Financial Results on November 6, 2025

Read more

September 30, 2025 · 5:30 AM UTC

Autohome Inc. Announces Cash Dividend

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