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Meituan stock: key metrics
3690.HKMeituan had an operating margin of −6.9% and a return on invested capital (ROIC) of −34.4% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2015 | 69.2% | −210.8% | −261.7% |
| 2016 | 45.7% | −48.2% | −44.6% |
| 2017 | 36.0% | −11.3% | −55.8% |
| 2018 | 23.2% | −17.0% | −177.0% |
| 2019 | 33.1% | 2.7% | 2.3% |
| 2020 | 29.7% | 3.8% | 4.1% |
| 2021 | 23.7% | −12.9% | −13.1% |
| 2022 | 28.1% | −2.6% | −3.0% |
| 2023 | 35.1% | 4.8% | 5.0% |
| 2024 | 38.4% | 10.9% | 10.6% |
| 2025 | 30.4% | −6.9% | −6.4% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2015 | 59.5% | −45.8% | −24.5% |
| 2016 | 22.6% | −13.7% | −11.2% |
| 2017 | 46.6% | −5.9% | −22.6% |
| 2018 | −100.0% | −11.4% | −95.7% |
| 2019 | 2.4% | 6.7% | 1.7% |
| 2020 | 4.8% | 9.1% | 2.8% |
| 2021 | −18.7% | −28.5% | −9.8% |
| 2022 | −5.2% | −6.5% | −2.7% |
| 2023 | 9.1% | 18.6% | 4.7% |
| 2024 | 20.7% | 52.1% | 11.0% |
| 2025 | −15.5% | −34.4% | −6.7% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 13 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = HK$7.8782, $1 = CN¥6.6683)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 2 Jan 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.