XPeng Inc. (XPEV) Key Metrics
XPEV key metrics, 2018–2025
Fiscal year ended December 31, 2025 · Chinese yuanXPEV returns How much profit the business earns on the capital it uses.
XPEV financial health Debt, liquidity and how easily interest is covered.
XPEV efficiency & capital use Working capital cycle and where the cash goes.
XPEV returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
XPEV debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
XPEV cash returned to shareholders
XPEV key metrics in Chinese yuan
2018–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Returns & profitability | ||||||||
| Return on equity (ROE) | −3.7% | −17.1% | −28.3% | −23.1% | −12.7% | −19.8% | — | — |
| Return on invested capital (ROIC) | −14.9% | −31.7% | −46.2% | −60.2% | −110.8% | — | — | — |
| Return on assets (ROA) | −1.2% | −6.9% | −13.3% | −13.3% | −8.8% | −10.1% | −43.6% | −18.2% |
| Return on tangible assets | −1.2% | −7.7% | −13.6% | −13.5% | −7.6% | −6.2% | −41.6% | −19.0% |
| Free cash flow margin | 6.4% | −10.9% | −4.4% | −48.1% | −25.8% | −25.7% | −235.7% | — |
| Financial health | ||||||||
| Total debt | CN¥19.55B | CN¥14.62B | CN¥15.39B | CN¥11.07B | CN¥3.24B | CN¥2.29B | CN¥2.62B | CN¥1.55B |
| Cash & short-term investments | CN¥34.96B | CN¥32.72B | CN¥31.67B | CN¥30.79B | CN¥39.72B | CN¥33.01B | CN¥2.35B | CN¥4.63B |
| Net debt | −CN¥15.40B | −CN¥18.10B | −CN¥16.27B | −CN¥19.73B | −CN¥36.48B | −CN¥30.72B | CN¥267.3M | −CN¥3.08B |
| Debt / equity | 0.64 | 0.47 | 0.42 | 0.30 | 0.08 | 0.07 | — | — |
| Debt / assets | 0.19 | 0.18 | 0.18 | 0.15 | 0.05 | 0.05 | 0.28 | 0.20 |
| Net debt / EBITDA | −6.97 | — | — | — | — | — | — | — |
| Current ratio | 1.09 | 1.25 | 1.51 | 1.81 | 2.71 | 5.06 | 1.50 | 6.28 |
| Quick ratio | 0.91 | 1.11 | 1.36 | 1.62 | 2.56 | 4.89 | 1.37 | 6.10 |
| Interest coverage | -7.0 | -19.4 | -40.5 | -65.9 | -118.9 | -191.2 | -118.1 | -291.1 |
| Working capital | CN¥5.14B | CN¥9.87B | CN¥18.41B | CN¥19.41B | CN¥30.82B | CN¥31.84B | CN¥1.66B | CN¥5.14B |
| Invested capital | CN¥14.97B | CN¥13.18B | CN¥20.05B | CN¥17.18B | CN¥5.67B | CN¥3.71B | −CN¥6.56B | −CN¥5.27B |
| Tangible asset value | CN¥22.86B | CN¥23.89B | CN¥28.56B | CN¥33.12B | CN¥40.67B | CN¥33.57B | −CN¥7.20B | −CN¥2.49B |
| Net current asset value | −CN¥9.54B | −CN¥1.70B | CN¥6.69B | CN¥8.95B | CN¥25.33B | CN¥29.40B | −CN¥11.12B | −CN¥3.75B |
| Capital allocation | ||||||||
| Share buybacks (net) | — | — | — | — | CN¥0 | CN¥0 | CN¥55.0M | CN¥0 |
| Capex / revenue | 4.4% | 5.9% | 7.5% | 17.4% | 20.6% | 23.3% | 82.2% | 10,399.7% |
| Capex / operating cash flow | 40.5% | — | 241.7% | — | — | — | — | — |
| Capex / depreciation | 1.12 | 0.94 | 1.10 | 3.32 | 5.15 | 3.11 | 8.42 | 10.56 |
| Stock-based compensation / revenue | 0.7% | 1.2% | 1.8% | 2.6% | 1.8% | 17.0% | 0.0% | 16.8% |
| R&D / revenue | 12.4% | 15.8% | 17.2% | 19.4% | 19.6% | 29.5% | 89.2% | 10,830.6% |
| SG&A / revenue | 12.3% | 3.3% | 5.0% | 24.9% | 4.9% | 50.0% | 50.2% | 6,620.0% |
| Efficiency | ||||||||
| Days sales outstanding | 33.7 | 42.9 | 58.4 | 63.7 | 47.3 | 81.5 | 189.6 | 40,901.7 |
| Days of inventory on hand | 46.7 | 57.8 | 60.7 | 55.2 | 39.8 | 58.8 | 39.5 | 5,121.7 |
| Days payables outstanding | 120.4 | 236.0 | 220.0 | 204.1 | 173.6 | 198.4 | 74.1 | 6,500.0 |
| Cash conversion cycle (days) | -40.0 | -135.3 | -100.9 | -85.3 | -86.5 | -58.2 | 155.0 | 39,523.4 |
| Receivables turnover | 10.83 | 8.50 | 6.25 | 5.73 | 7.71 | 4.48 | 1.93 | 0.01 |
| Payables turnover | 3.03 | 1.55 | 1.66 | 1.79 | 2.10 | 1.84 | 4.93 | 0.06 |
| Inventory turnover | 7.81 | 6.32 | 6.02 | 6.62 | 9.17 | 6.21 | 9.24 | 0.07 |
| Asset turnover | 0.83 | 0.49 | 0.39 | 0.39 | 0.38 | 0.22 | 0.27 | 0.00 |
| Average receivables | CN¥7.08B | CN¥4.81B | CN¥4.91B | CN¥4.69B | CN¥2.72B | CN¥1.30B | CN¥1.21B | CN¥1.09B |
| Average payables | CN¥20.54B | CN¥22.65B | CN¥18.22B | CN¥13.29B | CN¥8.74B | CN¥3.03B | CN¥584.4M | CN¥214.9M |
| Average inventory | CN¥7.97B | CN¥5.54B | CN¥5.02B | CN¥3.59B | CN¥2.00B | CN¥898.6M | CN¥311.7M | CN¥169.3M |
| Intangibles / total assets | 7.3% | 8.9% | 9.2% | 5.3% | 2.2% | 1.9% | 4.0% | 4.0% |
Computed from XPEV's annual financial statements (latest annual report filed April 16, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Chinese yuan; data from EODHD. Averages use the opening and closing balance of each year.
XPEV valuation and financial ratios
XPeng earned a return on equity of −3.7% and a return on invested capital of −14.9% in fiscal 2025. It ended the year with CN¥19.6 billion of debt and CN¥35.0 billion in cash and short-term investments, a net cash position of CN¥15.4 billion.
See the XPEV income statement, the XPEV chart for price history, or the XPEV stock overview for the latest quote and news.
XPEV key metrics FAQ
What is XPeng's return on equity?
XPeng's return on equity (ROE) was −3.7% in fiscal 2025: net income of -CN¥1.1 billion on average shareholders' equity of CN¥30.8 billion.
What is XPeng's ROIC?
XPeng's return on invested capital was −14.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does XPeng have?
XPeng had total debt of CN¥19.6 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.64 and more cash than debt.
What is XPeng's current ratio?
XPeng's current ratio was 1.09 at the end of fiscal 2025: current assets were 1.09 times current liabilities.