13 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings, in CNY as reported — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 4.6% per year over the past 5 years.
Operating margin has contracted, at 29.8% in the latest year.
Free cash flow has grown 2.5% per year over the past 5 years.
Shareholder returns
Dividends have been paid for 3 consecutive years, consuming 97.8% of earnings and 64.9% of free cash flow.
The dividend has grown 75.5% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
2025
CN¥2.6B
CN¥559M
0.0%
29.8%
5.7%
4.8%
CN¥842M
—
CN¥4.4B
2024
CN¥2.6B
CN¥475M
0.0%
24.4%
4.8%
4.0%
CN¥305M
—
CN¥3.8B
2023
CN¥3.3B
CN¥1.0B
0.0%
33.3%
9.8%
8.0%
CN¥1.2B
—
CN¥5.2B
2022
CN¥3.1B
CN¥977M
0.0%
35.1%
10.4%
8.3%
CN¥570M
—
CN¥4.4B
2021
CN¥4.3B
CN¥1.3B
0.0%
27.9%
16.3%
12.1%
-CN¥749M
—
CN¥3.4B
2020
CN¥3.3B
-CN¥745M
0.0%
38.1%
-10.4%
-7.9%
CN¥745M
—
CN¥5.0B
2019
CN¥3.4B
CN¥829M
0.0%
27.0%
11.8%
8.5%
CN¥1.2B
—
CN¥4.4B
2018
CN¥3.3B
CN¥811M
0.0%
28.2%
13.9%
10.1%
CN¥901M
—
CN¥2.7B
2017
CN¥2.8B
CN¥763M
0.0%
27.5%
17.2%
11.7%
CN¥476M
—
CN¥1.9B
2016
CN¥2.5B
CN¥644M
0.0%
26.5%
19.3%
10.8%
CN¥585M
—
CN¥3.0B
2015
—
CN¥536M
—
—
21.9%
13.1%
CN¥539M
—
CN¥2.1B
2014
—
CN¥447M
—
—
24.1%
16.7%
CN¥530M
—
CN¥1.8B
2013
—
CN¥316M
—
—
—
—
CN¥533M
—
CN¥1.2B
Frequently asked questions
Is NOAH growing its revenue and profit?
Over the past 5 years, NOAH HOLDINGS LTD's revenue has declined 4.6% per year. These are computed facts, not advice.
How much debt does NOAH have?
As of FY2025, NOAH HOLDINGS LTD reported — of total debt against CN¥4.4B of cash.
What is NOAH's profit margin?
In FY2025, gross margin was —, operating margin 29.8%, and net margin 21.4%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — its annual and interim reports, in CNY as reported (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 (annual and interim filings, reported in CNY) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.