Noah Holdings
NOAH
7.70
-0.04
-0.45%
Noah Holdings
US · NOAH
#3708 by market cap
Listed 2010
7.70
-0.04
-0.45%
Live - 5344 symbols - heartbeat 493s ago
· 2026-10-08 10:32
Pre-market
7.84
+1.42%
After-hours
7.73
0.00%
- Market cap
- 528.23M
- P/E (TTM)i
- 6.11
- P/Bi
- 0.38
- EPSi
- 1.19
- Div yieldi
- 0.00%
- 52W posi
- 2%
Reader sentiment
Are you bullish or bearish on NOAH?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Fair
- Altman Z-Score is 1.82, in the 1.8-3.0 "grey zone".
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +0.36% YoY
Margins
- Gross margin
- 53.39%
- Operating margin
- 29.75%
- Net margin
- 21.41%
Key ratios & quality
- Altman Z-Scorei
- 1.82
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.29B | 3.39B | 3.31B | 4.29B | 3.10B | 3.29B | 2.60B | 2.61B |
| Gross profit | 1.73B | 1.78B | 2.61B | 2.12B | 1.66B | 1.84B | 1.25B | 1.39B |
| Selling & admin expenses | 692.80M | 627.84M | 1.35B | 820.45M | 584.33M | 761.51M | 565.79M | 548.40M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 926.52M | 914.97M | 1.26B | 1.20B | 1.09B | 1.10B | 633.89M | 776.66M |
| Pretax profit | 1.01B | 967.98M | -585.32M | 1.30B | 1.15B | 1.21B | 867.61M | 856.43M |
| Tax | 222.32M | 220.03M | 258.46M | 293.94M | 267.11M | 262.36M | 268.59M | 297.81M |
| Net profit | 803.75M | 863.76M | -743.52M | 1.31B | 971.59M | 1.00B | 487.00M | 557.22M |
| Basic EPS | 14 | 14 | -12 | 20 | 14 | 15 | 7 | 8 |
| Diluted EPS | 13.34 | 13.42 | -12.01 | 19.45 | 14.30 | 14.55 | 6.75 | 7.95 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 614.59M | 629.50M | 632.90M | 733.25M | 625.75M | 619.90M |
| Gross profit | 492.03M | 330.23M | 506.74M | -110.86M | 523.29M | 520.45M |
| Selling & admin expenses | 296.84M | 133.51M | 334.15M | -391.65M | 267.32M | 291.59M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 186.01M | 161.03M | 171.89M | 257.74M | 236.44M | 215.81M |
| Pretax profit | 222.00M | 194.98M | 201.68M | 237.76M | 255.22M | 271.89M |
| Tax | 60.61M | 63.69M | 67.47M | 106.05M | 66.66M | 89.94M |
| Net profit | 149.82M | 178.54M | 218.86M | 10.00M | 123.21M | 236.86M |
| Basic EPS | 2 | 3 | 3 | 0 | 2 | 3 |
| Diluted EPS | 2.11 | 2.54 | 3.11 | 0.19 | 1.79 | 3.36 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 5.10B | 6.73B | 6.70B | 5.52B | 6.32B | 7.12B | 6.47B | 6.36B |
| Cash & ST investments | 3.15B | 5.06B | 5.12B | 3.50B | 4.72B | 5.57B | 5.10B | 5.02B |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 8.01B | 9.80B | 9.40B | 10.89B | 11.80B | 12.69B | 11.78B | 11.74B |
| Total current liabilities | 1.59B | 1.51B | 1.88B | 2.28B | 1.90B | 1.89B | 1.43B | 1.43B |
| Short-term debt | -- | 11.67M | 86.47M | 91.29M | 84.36M | 61.83M | 44.89M | 39.19M |
| Long-term debt | 145.00M | -- | -- | -- | -- | -- | -- | -- |
| Total liabilities | 1,838,887,000.00 | 1,927,644,000.00 | 2,122,215,000.00 | 2,748,148,000.00 | 2,297,660,000.00 | 2,257,815,000.00 | 1,766,105,000.00 | 1,757,974,000.00 |
| Total equity | 6.18B | 7.87B | 7.28B | 8.14B | 9.50B | 10.43B | 10.01B | 9.98B |
| Retained earnings | 3.95B | 4.73B | 3.99B | 5.19B | 5.60B | 6.44B | 5.90B | 5.82B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 6.72B | 6.78B | 6.38B | 6.36B | 6.46B | 6.58B |
| Cash & ST investments | 5.39B | 5.42B | 4.99B | 5.02B | 5.11B | 5.03B |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 11.87B | 11.74B | 11.55B | 11.74B | 11.61B | 11.64B |
| Total current liabilities | 1.40B | 1.76B | 1.34B | 1.43B | 1.36B | 1.82B |
| Short-term debt | -- | -- | -- | 39.19M | -- | 44.39M |
| Long-term debt | -- | -- | -- | -- | -- | -- |
| Total liabilities | 1,718,783,000.00 | 2,083,119,000.00 | 1,647,295,000.00 | 1,757,974,000.00 | 1,680,943,000.00 | 2,147,941,000.00 |
| Total equity | 10.15B | 9.66B | 9.90B | 9.98B | 9.93B | 9.49B |
| Retained earnings | -- | -- | -- | 5.82B | -- | 5.56B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1.03B | 1.29B | 796.35M | 1.52B | 632.90M | 1.32B | 387.34M | 976.61M |
| Depreciation & amortization | 92.28M | 105.43M | 98.45M | 146.57M | 155.97M | 158.08M | 156.68M | 156.90M |
| Free cash flow | 901.16M | 1.22B | 744.74M | -749.38M | 570.19M | 1.16B | 305.16M | 842.47M |
| Dividends paid | -- | -- | -- | 0 | 0 | -177.50M | -1.01B | -546.77M |
| Stock buybacks / issuance | 0 | 0 | -281.61M | -372.38M | 247.02M | 0 | -53.35M | -52.30M |
| Ending cash balance | 2.71B | 4.39B | 5.02B | 3.41B | 4.43B | 5.35B | 3.84B | 4.38B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | -- | -- | -- | -- | -- | -- |
| Depreciation & amortization | -- | -- | -- | -- | -- | -- |
| Free cash flow | -- | -- | -- | -- | -- | -- |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | -- | -- | -- | -- | -- |
| Ending cash balance | -- | -- | -- | -- | -- | -- |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 15.80 | 12.90 | -10.50 | 17.26 | 11.20 | 10.24 | 4.69 | 5.65 |
| ROA %i | 11.18 | 9.31 | -7.76 | 12.95 | 8.61 | 8.25 | 3.89 | 4.75 |
| ROIC %i | 14.49 | 11.37 | -10.71 | 16.00 | 10.42 | 8.82 | 3.59 | 4.76 |
| 5-year avg ROE %i | 22.09 | 19.11 | 12.03 | 11.03 | 9.33 | 8.22 | 6.58 | 9.81 |
| EBIT margin %i | 31.06 | 28.55 | -17.71 | 30.24 | 35.11 | 33.32 | 24.37 | 29.75 |
| FCF / sales %i | 27.39 | 36.05 | 22.53 | -- | 18.39 | 35.22 | 11.73 | 32.28 |
| Current ratioi | 3.21 | 4.47 | 3.56 | 2.42 | 3.32 | 3.76 | 4.53 | 4.46 |
| Quick ratioi | 3.08 | 4.43 | 3.45 | 2.34 | 3.22 | 3.57 | 4.37 | 4.31 |
| Debt / assetsi | 1.81 | 3.82 | 2.99 | 2.04 | 1.42 | 1.09 | 1.02 | 0.85 |
| LT debt / equityi | 2.48 | 5.17 | 2.71 | 1.63 | 0.88 | 0.74 | 0.76 | 0.61 |
| Interest coveragei | 101.88 | 2,252.10 | -- | -- | -- | -- | -- | -- |
| Revenue CAGR (3Y) %i | 15.77 | 10.50 | 5.36 | 9.28 | -2.95 | -0.11 | -15.38 | -5.57 |
| Net income CAGR (3Y) %i | 14.83 | 8.80 | -- | 17.44 | 5.61 | -- | -28.74 | -16.98 |
| FCF CAGR (3Y) %i | 18.70 | 27.87 | 16.12 | -- | -22.46 | 15.93 | -- | 13.90 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 4.79 | 5.95 | -- | 5.65 | 5.38 | 6.22 |
| ROA %i | 4.00 | 4.72 | -- | 4.75 | 4.55 | 5.03 |
| ROIC %i | 3.81 | 5.00 | -- | 4.76 | 4.52 | 5.30 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 27.22 | 28.12 | -- | 29.75 | 31.55 | 33.77 |
| FCF / sales %i | -- | -- | -- | 32.28 | -- | 30.16 |
| Current ratioi | 4.81 | 3.85 | 4.77 | 4.46 | 4.75 | 3.61 |
| Quick ratioi | 4.65 | 3.71 | 4.52 | 4.31 | 4.59 | 3.46 |
| Debt / assetsi | 0.54 | 0.59 | 0.52 | 0.85 | 0.45 | 0.82 |
| LT debt / equityi | 0.64 | 0.73 | 0.61 | 0.61 | 0.54 | 0.55 |
| Interest coveragei | -- | -- | -- | -- | -- | -- |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Diversified
- Domestic public securities is the largest reported line at 33.30% of revenue, across 7 reported segments.
- No single line clears half of revenue; Domestic asset management is next at 26.69%, spreading the business across more than one real driver.
Revenue breakdown most recent period
Business
Domestic public securities33.30%
Domestic asset management26.69%
Overseas asset management17.16%
Overseas wealth management14.35%
Overseas insurance and comprehensive services6.56%
Headquarters1.61%
Domestic insurance0.33%
Quote time 2026-10-08 10:32:30 · For reference only, not investment advice and not tailored to your situation.