15 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 →
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $373M | $80M | 0.0% | 29.8% | 5.7% | 4.8% | $120M | — | $624M |
| 2024 | $356M | $65M | 0.0% | 24.4% | 4.8% | 4.0% | $42M | — | $524M |
| 2023 | $464M | $142M | 0.0% | 33.3% | 9.8% | 8.0% | $163M | — | $731M |
| 2022 | $450M | $142M | 0.0% | 35.1% | 10.4% | 8.3% | $83M | — | $639M |
| 2021 | $674M | $206M | 0.0% | 27.9% | 16.3% | 12.1% | -$118M | — | $534M |
| 2020 | $507M | -$114M | 0.0% | 38.1% | -10.4% | -7.9% | $114M | — | $767M |
| 2019 | $487M | $119M | 0.0% | 27.0% | 11.8% | 8.5% | $176M | — | $630M |
| 2018 | $478M | $118M | 0.0% | 28.2% | 13.9% | 10.1% | $131M | — | $393M |
| 2017 | — | $117M | — | — | 17.2% | 11.7% | $73M | — | $293M |
| 2016 | — | $93M | — | — | 19.3% | 10.8% | $84M | — | $430M |
| 2015 | — | $83M | — | — | 21.9% | 13.1% | $83M | — | $307M |
| 2014 | — | $72M | — | — | 24.2% | 16.8% | $86M | — | $270M |
| 2013 | — | $51M | — | — | 22.9% | 17.0% | $87M | — | $196M |
| 2012 | — | $23M | — | — | 13.2% | 11.1% | $28M | — | $120M |
| 2011 | — | $24M | — | — | 14.9% | 13.2% | $18M | — | $137M |
How the market has priced NOAH 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.
Over the past 5 years, NOAH HOLDINGS LTD's revenue has declined 5.9% per year. These are computed facts, not advice.
As of FY2025, NOAH HOLDINGS LTD reported — of total debt against $624M of cash.
In FY2025, gross margin was —, operating margin 29.8%, and net margin 21.4%.
As of Sep '26, NOAH HOLDINGS LTD traded at a price-to-earnings ratio of about 36.6× (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.
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.