IQ Communication ServicesBeta data

iQIYI, Inc.

$0.88+2.68%

Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Communication Services
Industry: Entertainment
Country: China
Market cap: 849.2M USD
Enterprise value: 2.3B USD
Full-time employees: 4,603

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: less short-term liquidity (current ratio 0.45 vs a peer median of 1.38)less liquidity (current ratio 0.45 vs peers 1.38)
Drawback: more debt relative to equity (1.12× vs a peer median of 0.37×)more debt vs equity (1.12× vs peers 0.37×)
About average: risk (debt, liquidity and share-price swings)risk

Ranks #300 of 454 communication services companies (bottom 35%)

See how it ranks against its peers

Worth knowing

Valuation signals disagree. Cheaper than 92% of peers on operating cash profit (EBITDA), but only 26% on free cash flow.Cheaper than 92% of peers on operating cash profit, but only 26% on free cash flow.
Relative to its operating cash profit (EBITDA), iQIYI looks cheaper than 92% of peers; relative to its free cash flow, cheaper than only 26%. The valuation score blends the two, so look at which measure fits this business best.Relative to its operating cash profit, iQIYI looks cheaper than 92% of peers; relative to its free cash flow, cheaper than only 26%. The valuation score blends the two, so look at which measure fits this business best.
Sales growing faster than profits. Since 2022: revenue −5.9%, operating profit −83%.
Since 2022, iQIYI's revenue changed −5.9% while operating profit fell 83%: costs rose faster than sales.
Financials may be out of date. Latest financial period ended 10 months ago.
The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.
Revenue is falling. Revenue fell 6.6% in the 12 months to December 2025 vs the 12 months before.
iQIYI's revenue fell 6.6% in the 12 months to December 2025 vs the 12 months before.

StockQuotient Score

43/ 100▲ 1 since Oct 27 close

Oct 5 42 → Nov 4 43 (+1)

Fundamentals: Yahoo Finance, not primary filings

Valuation

Is the price right?

90/100

Strong▲ 1 since Oct 27 close

2/3 inputs reported · Partial data

Since last year: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 89 → 90

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yieldUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0294 · MAD: 0.0294

EBITDA yield33.5%

Yahoo Finance · trailing 12 months · CNY→USD convertedReported value50% base weight · Z-score 3.85Sector median: 0.0857 · MAD: 0.0649

Free cash flow yield3.2%

Yahoo Finance · trailing 12 months · CNY→USD converted · operating cash flow − capital spendingReported value20% base weight · Z-score -0.71Sector median: 0.0740 · MAD: 0.0593

Other data (not scored)

Book yield234.1%

Yahoo FinanceReported valueInformational · 0% composite weightSector median: 0.4780 · MAD: 0.3375

Growth

Is it growing?

20/100

Weak▲ 1 since Oct 27 close

2/3 inputs reported · Partial data

Since last year: ▼ Weaker

12-month revenue fell 6.6%

Why it changed since the Oct 27, 2026 close: Score 19 → 20

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ Revenue growth
▼ 3-yr revenue

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0878 · MAD: 0.3126

3-year revenue growth-2.0%

SEC filings · 3 years to Dec 2025Reported value33% base weight · Z-score -0.74Sector median: 0.0303 · MAD: 0.0683

Revenue growth-6.6%

SEC filings · 12 months to Dec 2025Reported value33% base weight · Z-score -1.33Sector median: 0.0299 · MAD: 0.0720

Profitability

Does it earn well?

26/100

Weak

3/3 inputs reported · High confidence

Since last year: ▼ Weaker

Turned to a loss over the last 12 months
Operating margin fell 5.4 points to 0.8%

Why

Weaker than most peers on:

▼ Operating margin
▼ ROA
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin0.8%

SEC filings · 12 months to Dec 2025Reported value33% base weight · Z-score -0.93Sector median: 0.0818 · MAD: 0.0789

Return on assets-0.4%

SEC filings · 12 months to Dec 2025Reported value33% base weight · Z-score -0.99Sector median: 0.0272 · MAD: 0.0318

Return on invested capital2.0%

SEC filings · 12 months to Dec 2025Reported value33% base weight · Z-score -0.56Sector median: 0.0598 · MAD: 0.0706

Other data (not scored)

Gross margin17.9%

Yahoo Finance · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.4656 · MAD: 0.1827

Return on equity-6.7%

Yahoo Finance · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.0529 · MAD: 0.1007

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last year: ▼ Weaker

Operating profit now covers interest only 0.3x

Why

Mixed versus peers:

▲ Beta
▼ Current ratio
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.18

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score 1.63Sector median: 0.6525 · MAD: 0.2880

Current ratio0.45×

Yahoo FinanceReported value33% base weight · Z-score -1.35Sector median: 1.3848 · MAD: 0.6948

Debt / equity1.12×

Yahoo FinanceReported value33% base weight · Z-score -2.26Sector median: 0.3697 · MAD: 0.3335

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about iQIYI

Is iQIYI getting weaker?: Its latest SEC filing (Mar 16, 2026) got weaker in some ways: turned to a loss over the last 12 months; operating margin fell 5.4 points to 0.8%. Its overall score is 43/100, up 1 since Oct 28, 2026.
How is iQIYI valued vs its peers?: Priced lower than most peers relative to what it earns. Valuation scores 90/100 against 512 communication services peers. EBITDA yield 33.5% vs a peer median of 8.6% (stronger than 92% of peers).EBITDA yield 33.5% vs peers 8.6% (stronger than 92% of peers). Free cash flow yield 3.2% vs a peer median of 7.4% (weaker than 74% of peers).Free cash flow yield 3.2% vs peers 7.4% (weaker than 74% of peers).
Is iQIYI growing?: More slowly than most of its peers. Growth scores 20/100 against 512 communication services peers. Revenue growth -6.6% vs a peer median of 3.0% (weaker than 84% of peers).Revenue growth -6.6% vs peers 3.0% (weaker than 84% of peers).
How profitable is iQIYI?: Less profitable than most of its peers. Profitability scores 26/100 against 512 communication services peers. Operating margin 0.8% vs a peer median of 8.2% (weaker than 77% of peers).Operating margin 0.8% vs peers 8.2% (weaker than 77% of peers).
How risky is iQIYI?: Moderate risk relative to 512 communication services peers, judged on debt, liquidity and share-price swings. Beta 0.18 vs a peer median of 0.65 (stronger than 93% of peers).Beta 0.18 vs peers 0.65 (stronger than 93% of peers). Current ratio 0.45× vs a peer median of 1.38× (weaker than 95% of peers).Current ratio 0.45× vs peers 1.38× (weaker than 95% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Year ended Dec 31, 2025 · filed Mar 16, 2026 · compared with the year ended Dec 31, 2024

Got weaker

Turned to a loss over the last 12 months
Operating margin fell 5.4 points to 0.8%
12-month revenue fell 6.6%
Operating profit now covers interest only 0.3x

	Previous year	Latest year	Change
Revenue (12 months)	29.2B CNY	27.3B CNY	−6.6%
Net income (12 months)	764.1M CNY	−206.3M CNY	turned negative
Operating margin	6.2%	0.8%	−5.4 pts
Free cash flow (12 months)	2.0B CNY	10.0M CNY	−99.5%
Cash	3.5B CNY	4.4B CNY	+23.4%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one year at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year · amounts in CNY, as reported

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	10.0%	23.0%	27.5%	24.9%	21.1%	▼ 3.8 pts
Operating margin	-14.7%	4.5%	9.4%	6.2%	0.8%	▼ 5.4 pts
Net margin	-20.2%	-0.5%	6.0%	2.6%	-0.8%	▼ 3.4 pts
Return on assets (ROA)	-14.5%	-0.3%	4.3%	1.7%	-0.4%	▼ 2.1 pts
Return on equity (ROE)	-116.9%	-2.1%	15.8%	5.7%	-1.6%	▼ 7.3 pts
Free cash flow margin	-20.3%	-0.8%	10.4%	6.9%	0.0%	▼ 6.9 pts
Current ratio	0.51×	0.49×	0.57×	0.44×	0.47×	▲ 5.1%
Debt to equity	3.18×	3.35×	1.19×	0.94×	0.86×	▼ 8.7%
Interest coverage	-3.32×	1.84×	2.64×	1.71×	0.25×	▼ 85%

IQ price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: less short-term liquidity (current ratio 0.45 vs a peer median of 1.38)less liquidity (current ratio 0.45 vs peers 1.38)

Drawback: more debt relative to equity (1.12× vs a peer median of 0.37×)more debt vs equity (1.12× vs peers 0.37×)

About average: risk (debt, liquidity and share-price swings)risk

Ranks #300 of 454 communication services companies (bottom 35%)

See how it ranks against its peers

Worth knowing

Valuation signals disagree. Cheaper than 92% of peers on operating cash profit (EBITDA), but only 26% on free cash flow.Cheaper than 92% of peers on operating cash profit, but only 26% on free cash flow.

Relative to its operating cash profit (EBITDA), iQIYI looks cheaper than 92% of peers; relative to its free cash flow, cheaper than only 26%. The valuation score blends the two, so look at which measure fits this business best.Relative to its operating cash profit, iQIYI looks cheaper than 92% of peers; relative to its free cash flow, cheaper than only 26%. The valuation score blends the two, so look at which measure fits this business best.

Sales growing faster than profits. Since 2022: revenue −5.9%, operating profit −83%.

Since 2022, iQIYI's revenue changed −5.9% while operating profit fell 83%: costs rose faster than sales.

Financials may be out of date. Latest financial period ended 10 months ago.

The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.

Revenue is falling. Revenue fell 6.6% in the 12 months to December 2025 vs the 12 months before.

iQIYI's revenue fell 6.6% in the 12 months to December 2025 vs the 12 months before.

Questions investors ask about iQIYI

Is iQIYI getting weaker?

Its latest SEC filing (Mar 16, 2026) got weaker in some ways: turned to a loss over the last 12 months; operating margin fell 5.4 points to 0.8%. Its overall score is 43/100, up 1 since Oct 28, 2026.

How is iQIYI valued vs its peers?

Priced lower than most peers relative to what it earns. Valuation scores 90/100 against 512 communication services peers. EBITDA yield 33.5% vs a peer median of 8.6% (stronger than 92% of peers).EBITDA yield 33.5% vs peers 8.6% (stronger than 92% of peers). Free cash flow yield 3.2% vs a peer median of 7.4% (weaker than 74% of peers).Free cash flow yield 3.2% vs peers 7.4% (weaker than 74% of peers).

Is iQIYI growing?

More slowly than most of its peers. Growth scores 20/100 against 512 communication services peers. Revenue growth -6.6% vs a peer median of 3.0% (weaker than 84% of peers).Revenue growth -6.6% vs peers 3.0% (weaker than 84% of peers).

How profitable is iQIYI?

Less profitable than most of its peers. Profitability scores 26/100 against 512 communication services peers. Operating margin 0.8% vs a peer median of 8.2% (weaker than 77% of peers).Operating margin 0.8% vs peers 8.2% (weaker than 77% of peers).

How risky is iQIYI?

Moderate risk relative to 512 communication services peers, judged on debt, liquidity and share-price swings. Beta 0.18 vs a peer median of 0.65 (stronger than 93% of peers).Beta 0.18 vs peers 0.65 (stronger than 93% of peers). Current ratio 0.45× vs a peer median of 1.38× (weaker than 95% of peers).Current ratio 0.45× vs peers 1.38× (weaker than 95% of peers). A relative measure, not a bankruptcy probability.

Previous year

Latest year

Change

Revenue (12 months)

29.2B CNY

27.3B CNY

−6.6%

Net income (12 months)

764.1M CNY

−206.3M CNY

turned negative

Operating margin

6.2%

0.8%

−5.4 pts

Free cash flow (12 months)

2.0B CNY

10.0M CNY

−99.5%

Cash

3.5B CNY

4.4B CNY

+23.4%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

10.0%

23.0%

27.5%

24.9%

21.1%

▼ 3.8 pts

Operating margin

-14.7%

4.5%

9.4%

6.2%

0.8%

▼ 5.4 pts

Net margin

-20.2%

-0.5%

6.0%

2.6%

-0.8%

▼ 3.4 pts

Return on assets (ROA)

-14.5%

-0.3%

4.3%

1.7%

-0.4%

▼ 2.1 pts

Return on equity (ROE)

-116.9%

-2.1%

15.8%

5.7%

-1.6%

▼ 7.3 pts

Free cash flow margin

-20.3%

-0.8%

10.4%

6.9%

0.0%

▼ 6.9 pts

Current ratio

0.51×

0.49×

0.57×

0.44×

0.47×

▲ 5.1%

Debt to equity

3.18×

3.35×

1.19×

0.94×

0.86×

▼ 8.7%

Interest coverage

-3.32×

1.84×

2.64×

1.71×

0.25×

▼ 85%