CAAS revenueFY2025$765.74M
- FY YoY
- +17.6%
CAAS revenue was $765.74M for fiscal 2025 (ended Dec 31, 2025), up 17.6% from fiscal 2024.
China Automotive Systems Inc. (CAAS) financials
For fiscal 2025 (ended Dec 31, 2025), China Automotive Systems Inc. reported $765.74M of revenue and $42.84M of net income.
- Revenue, FY2025
- $765.74M
- Revenue growth, YoY
- +17.6%
- Net income, FY2025
- $42.84M
- Net income growth, YoY
- +42.9%
- Net margin
- 5.6%
- Free cash flow, FY2025
- $74.44M
- EPS, diluted, FY2025
- $1.42
- EPS growth, YoY
- +43.4%
- Cash
- $142.00M
- Total debt
- $87.03M
- P/E
- 2.92
- P/S
- 0.16
- Market cap
- $125.2M
FY2023FY2025
FY2023FY2025
FY2023FY2025
CAAS revenue and earnings growth
CAAS net incomeFY2025$42.84M
- FY YoY
- +42.9%
CAAS net income was $42.84M for fiscal 2025 (ended Dec 31, 2025), up 42.9% from fiscal 2024.
CAAS EPSFY2025$1.42
- FY YoY
- +43.4%
CAAS diluted EPS was $1.42 for fiscal 2025 (ended Dec 31, 2025), up 43.4% from fiscal 2024.
CAAS free cash flowFY2025$74.44M
CAAS free cash flow was $74.44M for fiscal 2025 (ended Dec 31, 2025), compared with -$33.88M in fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Revenue | $765.74M | $650.93M | $576.35M |
| Cost of revenue | $620.27M | $541.75M | $472.60M |
| Gross profit | $145.46M | $109.18M | $103.75M |
| Research and development | $45.06M | $27.65M | $29.18M |
| Selling, general and admin | $29.66M | $27.73M | $25.50M |
| Operating income | $53.63M | $40.26M | $39.24M |
| Interest expense | $1.70M | $1.81M | $1.02M |
| Pre-tax income | $61.40M | $44.13M | $48.23M |
| Income tax | $11.58M | $5.89M | $5.14M |
| Net income | $42.84M | $29.98M | $37.66M |
| EPS, basic | $1.42 | $0.99 | $1.25 |
| EPS, diluted | $1.42 | $0.99 | $1.25 |
| Diluted shares | 30.2M | 30.2M | 30.2M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Cash and equivalents | $142.00M | $56.96M | $155.19M |
| Short-term investments | $35.93M | $27.56M | - |
| Inventory | $124.42M | $112.56M | - |
| Current assets | $738.18M | $602.64M | - |
| Total assets | $1.00B | $850.58M | - |
| Current liabilities | $541.44M | $456.48M | - |
| Short-term debt | $81.34M | $72.57M | - |
| Total debt | $87.03M | $72.71M | - |
| Total liabilities | $551.00M | $460.79M | - |
| Shareholders' equity | $401.34M | $349.57M | $344.46M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Operating cash flow | $111.63M | $9.78M | $19.91M |
| Capital expenditures | $37.19M | $43.66M | $18.23M |
| Free cash flow | $74.44M | -$33.88M | $1.67M |
| Investing cash flow | -$31.49M | -$77.93M | -$28.64M |
| Financing cash flow | $11.45M | $17.36M | $6.80M |
| Dividends paid | $2.19M | $22.43M | - |
| Share repurchases | - | $68.0K | - |
| Depreciation and amortization | $14.26M | $20.22M | $18.71M |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Revenue growth, YoY | 17.6% | 12.9% | - |
| Net income growth, YoY | 42.9% | -20.4% | - |
| EPS growth, YoY | 43.4% | -20.8% | - |
| Gross margin | 19.0% | 16.8% | 18.0% |
| Operating margin | 7.0% | 6.2% | 6.8% |
| Net margin | 5.6% | 4.6% | 6.5% |
| Free cash flow margin | 9.7% | -5.2% | 0.3% |
| Return on equity | 10.7% | 8.6% | 10.9% |
| Return on assets | 4.3% | 3.5% | - |
| Current ratio | 1.36 | 1.32 | - |
| Debt to equity | 0.22 | 0.21 | - |
Source: XBRL data China Automotive Systems Inc. files with the SEC, latest filing dated Apr 22, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
CAAS peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| CAAS | $765.74M | +17.6% | $42.84M | 5.6% | $125.2M |
| TT | $23.23B | +10.3% | $3.16B | 13.6% | $92.06B |
| MGA | $42.01B | -1.9% | $829.00M | 2.0% | $16.12B |
| BWA | $14.24B | +0.4% | $478.00M | 3.4% | $10.33B |
| ALSN | $5.24B | +70.8% | $583.00M | 11.1% | $10.19B |
| ALV | $11.07B | +4.3% | $624.00M | 5.6% | $8.95B |
| APTV | $16.71B | +4.1% | $769.00M | 4.6% | $8.08B |
| MOD | $3.63B | +35.1% | $130.20M | 3.6% | $5.65B |
| LEA | $23.79B | +3.5% | $584.40M | 2.5% | $5.34B |
CAAS FAQ
9 questionsWhat is CAAS revenue?
China Automotive Systems Inc. (CAAS) reported $765.74M of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 17.6% from the year before.Is CAAS profitable?
Yes. China Automotive Systems Inc. earned $42.84M in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 5.6%.How much cash and debt does CAAS have?
China Automotive Systems Inc. reported $142.00M in cash and cash equivalents and $87.03M of debt on its most recent balance sheet in SEC filings.How fast is CAAS revenue growing?
China Automotive Systems Inc.'s revenue changed +17.6% in fiscal 2025, to $765.74M.What is CAAS gross margin?
China Automotive Systems Inc.'s gross profit was $145.46M on $765.74M of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 19.0%.What is CAAS free cash flow?
China Automotive Systems Inc. generated $74.44M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of $111.63M less capital expenditures.What is CAAS earnings per share?
Diluted earnings per share were $1.42 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did CAAS last report financial results?
The latest statements here come from China Automotive Systems Inc.'s 20-F filed on Apr 22, 2026, covering the period ended Dec 31, 2025.Where does this CAAS financial data come from?
Quantisnow builds these statements from the structured XBRL data China Automotive Systems Inc. files with the SEC. It is provided for information only and is not investment advice.