3 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 15.3% per year over the past 2 years.
Net income has grown slower than revenue (6.7% vs 15.3% per year).
Operating margin has been roughly flat, at 7.0% in the latest year.
Free cash flow has grown 567.5% per year over the past 2 years.
Financial health
The company holds more cash ($142M) than total debt ($87M).
Total debt has grown faster than revenue (19.7% vs 15.3% per year).
Operating income covered interest expense 32× in the latest year, down from 38× 2 years ago.
Total debt is 1.3× EBITDA.
Shareholder returns
Dividends have been paid for 2 consecutive years, consuming 5.1% of earnings and 2.9% of free cash flow.
The dividend has declined 90.2% per year over the past 2 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$766M
$43M
19.0%
7.0%
$74M
$87M
$142M
2024
$651M
$30M
16.8%
6.2%
-$34M
$73M
$57M
2023
$576M
$38M
18.0%
6.8%
$2M
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Valuation over time
How the market has priced CAAS against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 2.7× (Jan '24) to 3.1× (Jun '26).
The price-to-sales ratio has fallen from 0.2× (Jan '24) to 0.2× (Jun '26).
The dividend yield has fallen from 18.0% (Dec '24) to 1.6% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is CAAS growing its revenue and profit?
Over the past 2 years, China Automotive Systems, Inc.'s revenue has grown 15.3% per year, and net income grown 6.7% per year. These are computed facts, not advice.
How much debt does CAAS have?
As of FY2025, China Automotive Systems, Inc. reported $87M of total debt against $142M of cash; operating income covered interest expense 32×.
What is CAAS's profit margin?
In FY2025, gross margin was 19.0%, operating margin 7.0%, and net margin 5.6%.
What is CAAS's P/E ratio?
As of Jun '26, China Automotive Systems, Inc. traded at a price-to-earnings ratio of about 3.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.