Revenue minus cost of goods sold. Graham's ≥40% threshold identifies businesses with durable pricing power. Note: software and financial companies naturally exceed this; retailers and manufacturers rarely reach it due to their cost structures.
Operating Margin-3.5%
Profit after operating costs before interest and taxes. A consistent ≥15% operating margin signals a business with real competitive advantages. Capital-intensive industries (airlines, auto, commodities) rarely hit this threshold due to their structural cost base — compare within industry for context.
Net Income Margin-1.5%
Bottom-line profit as a percentage of revenue. The ≥20% target reflects Buffett's preference for highly profitable businesses. Financial engineering (buybacks, tax optimisation) can inflate this temporarily — look for consistency across multiple years rather than a single strong result.
Financial Health
D
Years to Pay Off Debt-17.2 yrs
Total Debt ÷ Net Income. Lower = stronger balance sheet. Important caveat: utilities, telecoms, REITs, and infrastructure companies carry large structural debt by design — their bond-like cash flows service it comfortably at ratios that would alarm Graham. Compare within sector.
Working Capital vs Long-Term Debt-$1.6B
Working Capital minus Long-Term Debt. Negative results are common and expected in capital-return-focused businesses like Apple, Domino's, and McDonald's — where aggressive buybacks and dividends intentionally reduce book equity. This does not indicate financial distress in high-FCF businesses.
Working Capital$5.1B
Current Assets minus Current Liabilities. Negative working capital can be a deliberate efficiency strategy in businesses that collect cash before paying suppliers (retailers, fast food franchises, subscription businesses). Assess alongside free cash flow generation for full context.
Valuation
N/A
Cash Flow
A
Free Cash Flow$4.9B
Operating cash flow minus capital expenditures. Buffett's most important metric — cash a business actually generates for its owners after maintaining and growing its asset base. Consistently positive FCF is one of the strongest indicators of a durable, well-run business regardless of accounting profits.
Owner Earnings$5.2B
Net Income + Depreciation & Amortisation − Capital Expenditures. Buffett's preferred measure of a company's true annual earning power — what could theoretically be distributed to owners without impairing the business. More reliable than reported EPS because it accounts for the capital cost of maintaining the business.
Metric Explanations
What each dimension measures and where the thresholds come from.
Gross Profit Margin
Revenue minus cost of goods sold. Graham's ≥40% threshold identifies businesses with durable pricing power. Note: software and financial companies naturally exceed this; retailers and manufacturers rarely reach it due to their cost structures.
Operating Margin
Profit after operating costs before interest and taxes. A consistent ≥15% operating margin signals a business with real competitive advantages. Capital-intensive industries (airlines, auto, commodities) rarely hit this threshold due to their structural cost base — compare within industry for context.
Net Income Margin
Bottom-line profit as a percentage of revenue. The ≥20% target reflects Buffett's preference for highly profitable businesses. Financial engineering (buybacks, tax optimisation) can inflate this temporarily — look for consistency across multiple years rather than a single strong result.
Years to Pay Off Debt
Total Debt ÷ Net Income. Lower = stronger balance sheet. Important caveat: utilities, telecoms, REITs, and infrastructure companies carry large structural debt by design — their bond-like cash flows service it comfortably at ratios that would alarm Graham. Compare within sector.
Working Capital vs Long-Term Debt
Working Capital minus Long-Term Debt. Negative results are common and expected in capital-return-focused businesses like Apple, Domino's, and McDonald's — where aggressive buybacks and dividends intentionally reduce book equity. This does not indicate financial distress in high-FCF businesses.
Working Capital
Current Assets minus Current Liabilities. Negative working capital can be a deliberate efficiency strategy in businesses that collect cash before paying suppliers (retailers, fast food franchises, subscription businesses). Assess alongside free cash flow generation for full context.
Free Cash Flow
Operating cash flow minus capital expenditures. Buffett's most important metric — cash a business actually generates for its owners after maintaining and growing its asset base. Consistently positive FCF is one of the strongest indicators of a durable, well-run business regardless of accounting profits.
Owner Earnings
Net Income + Depreciation & Amortisation − Capital Expenditures. Buffett's preferred measure of a company's true annual earning power — what could theoretically be distributed to owners without impairing the business. More reliable than reported EPS because it accounts for the capital cost of maintaining the business.
Market Data
Key Margins
Gross Profit18.9%
Operating Margin-3.5%
Net Margin-1.5%
Company Info
Showing Key Metrics
Income Highlights
Metric
2025
2024
2023
2022
2021
Gross Profit %
18.9%▲
14.3%▲
1.5%▼
11.5%•
N/A
Operating Margin %
-3.5%▲
-16.9%▲
-35.6%▼
-32.4%•
N/A
Net Income %
-1.5%▲
-14.2%▲
-33.8%▲
-34.0%•
N/A
Diluted EPS
-1.20▲
-6.12▲
-11.92▼
-10.68•
N/A
Balance Sheet Highlights
Metric
2025
2024
2023
2022
2021
Total Assets
$103.2B
$82.7B
$84.2B
$71.5B
N/A
Total Debt
$19.6B▲
$15.9B▲
$15.4B▲
$12.8B•
N/A
Working Capital
$5.1B▼
$9.9B▼
$18.4B▼
$19.4B•
N/A
Years to Pay Debt
-17.16
-2.75
-1.48
-1.40
N/A
Cash Flow Highlights
Metric
2025
2024
2023
2022
2021
Free Cash Flow
$4.9B▲
-$4.4B▼
-$1.4B▲
-$12.9B•
N/A
Owner Earnings
$5.2B
-$790M
-$6.0B
-$3.0B
N/A
CapEx % of Net Income
N/A
N/A
N/A
N/A
N/A
Income Statement
2025
2024
2023
2022
2021
Tax Effect Of Unusual Items
167,306
-925
-127,090
-343,933
Tax Rate For Calcs
0
0
0
0
Normalized EBITDA
1,541,837
-2,837,064
-7,509,393
-6,199,730
Total Unusual Items
669,226
-77,289
-508,362
-1,375,732
Total Unusual Items Excluding Goodwill
669,226
-77,289
-508,362
-1,375,732
Net Income From Continuing Operation Net Minority Interest
-1,139,460
-5,790,264
-10,375,775
-9,138,972
Reconciled Depreciation
2,987,935
2,572,640
2,107,284
1,410,704
Reconciled Cost Of Revenue
62,246,823
35,020,541
30,224,912
23,766,728
EBITDA
2,211,063
-2,914,353
-8,017,755
-7,575,462
EBIT
-776,872
-5,486,993
-10,125,039
-8,986,166
Net Interest Income
783,279
1,030,543
991,496
926,579
Interest Expense
379,931
343,982
268,666
132,192
Interest Income
1,163,210
1,374,525
1,260,162
1,058,771
Normalized Income
-1,641,380
-5,713,900
-9,994,504
-8,107,173
Net Income From Continuing And Discontinued Operation
-1,139,460
-5,790,264
-10,375,775
-9,138,972
Total Expenses
79,373,839
47,758,692
41,594,840
35,560,642
Total Operating Income As Reported
-2,771,402
-6,658,138
-10,889,434
-8,705,523
Diluted Average Shares
951,995
945,679
870,461
856,267
Basic Average Shares
951,995
945,679
870,461
856,267
Diluted EPS
0
0
0
0
Basic EPS
0
0
0
0
Diluted NI Availto Com Stockholders
-1,139,460
-5,790,264
-10,375,775
-9,138,972
Net Income Common Stockholders
-1,139,460
-5,790,264
-10,375,775
-9,138,972
Net Income
-1,139,460
-5,790,264
-10,375,775
-9,138,972
Net Income Including Noncontrolling Interests
-1,139,460
-5,790,264
-10,375,775
-9,138,972
Net Income Continuous Operations
-1,139,460
-5,790,264
-10,375,775
-9,138,972
Earnings From Equity Interest Net Of Tax
30,928
-29,069
54,740
4,117
Tax Provision
13,585
-69,780
36,810
24,731
Pretax Income
-1,156,803
-5,830,975
-10,393,705
-9,118,358
Other Income Expense
714,015
30,865
-466,428
-1,339,414
Other Non Operating Income Expenses
44,789
108,154
41,934
36,318
Special Income Charges
-117,305
234,245
29,339
0
Restructuring And Mergern Acquisition
117,305
-234,245
-29,339
0
Gain On Sale Of Security
786,531
-311,534
-537,701
-1,375,732
Net Non Operating Interest Income Expense
783,279
1,030,543
991,496
926,579
Interest Expense Non Operating
379,931
343,982
268,666
132,192
Interest Income Non Operating
1,163,210
1,374,525
1,260,162
1,058,771
Operating Income
-2,654,097
-6,892,383
-10,918,773
-8,705,523
Operating Expense
17,127,016
12,738,151
11,369,928
11,793,914
Other Operating Expenses
-1,761,419
-589,227
-465,588
-109,168
Research And Development
9,489,979
6,456,734
5,276,574
5,214,836
Selling General And Administration
9,398,456
6,870,644
6,558,942
6,688,246
Selling And Marketing Expense
7,388,109
5,531,599
5,013,734
5,028,958
General And Administrative Expense
2,010,347
1,339,045
1,545,208
1,659,288
Other Gand A
2,010,347
1,339,045
1,545,208
1,659,288
Gross Profit
14,472,919
5,845,768
451,155
3,088,391
Cost Of Revenue
62,246,823
35,020,541
30,224,912
23,766,728
Total Revenue
76,719,742
40,866,309
30,676,067
26,855,119
Operating Revenue
76,719,742
40,866,309
30,676,067
26,855,119
Balance Sheet
2025
2024
2023
2022
2021
Treasury Shares Number
2,953
2,305
2,812
4,919
Ordinary Shares Number
1,908,700
1,898,113
1,884,006
1,723,918
Share Issued
1,911,653
1,900,418
1,886,817
1,728,838
Total Debt
19,553,678
15,938,445
15,390,740
12,828,597
Tangible Book Value
22,864,790
23,885,789
28,556,062
33,119,839
Invested Capital
44,433,611
44,723,248
49,050,307
46,467,853
Working Capital
5,140,478
9,871,186
18,410,067
19,412,568
Net Tangible Assets
22,864,790
23,885,789
28,556,062
33,119,839
Capital Lease Obligations
5,488,657
2,489,985
2,668,960
3,271,409
Common Stock Equity
30,368,590
31,274,788
36,328,527
36,910,665
Total Capitalization
37,123,688
38,255,512
43,255,454
43,286,784
Total Equity Gross Minority Interest
30,368,590
31,274,788
36,328,527
36,910,665
Stockholders Equity
30,368,590
31,274,788
36,328,527
36,910,665
Gains Losses Not Affecting Retained Earnings
1,900,163
2,188,527
1,890,673
1,550,449
Other Equity Adjustments
1,900,163
2,188,527
1,890,673
1,550,449
Treasury Stock
1
1
Retained Earnings
-42,767,710
-41,585,549
-35,760,301
-25,330,916
Additional Paid In Capital
71,236,011
70,671,685
70,198,031
60,691,019
Capital Stock
127
126
124
113
Common Stock
127
126
124
113
Total Liabilities Net Minority Interest
72,794,040
51,431,317
47,834,014
34,580,341
Total Non Current Liabilities Net Minority Interest
14,680,691
11,566,434
11,722,452
10,465,488
Other Non Current Liabilities
1,708,062
Derivative Product Liabilities
0
167,940
393,473
0
Non Current Deferred Liabilities
1,826,498
1,484,784
1,344,468
1,012,248
Non Current Deferred Revenue
1,410,748
1,024,542
791,459
1,012,248
Non Current Deferred Taxes Liabilities
330,353
341,932
404,018
0
Long Term Debt And Capital Lease Obligation
11,742,273
9,104,273
9,195,506
9,028,438
Long Term Capital Lease Obligation
4,987,175
2,123,549
2,268,579
2,652,319
Long Term Debt
6,755,098
6,980,724
6,926,927
6,376,119
Long Term Provisions
1,111,920
809,437
789,005
424,802
Current Liabilities
58,113,349
39,864,883
36,111,562
24,114,853
Other Current Liabilities
1,813,025
1,324,083
1,323,608
885,573
Current Deferred Liabilities
1,763,901
1,652,613
731,278
502,973
Current Deferred Revenue
1,763,901
1,652,613
731,278
502,973
Current Debt And Capital Lease Obligation
7,811,405
6,834,172
6,195,234
3,800,159
Current Capital Lease Obligation
501,482
366,436
400,381
619,090
Current Debt
7,309,923
6,467,736
5,794,853
3,181,069
Other Current Borrowings
3,027,923
1,858,613
1,905,753
761,859
Line Of Credit
4,282,000
4,609,123
3,889,100
2,419,210
Pensionand Other Post Retirement Benefit Plans Current
1,605,933
1,186,036
939,023
729,806
Current Provisions
682,960
389,290
219,988
216,260
Payables And Accrued Expenses
44,436,125
28,478,689
26,702,431
17,980,082
Current Accrued Expenses
2,584,040
1,621,119
928,468
456,478
Interest Payable
8,793
41,093
44,526
39,082
Payables
41,852,085
26,857,570
25,773,963
17,523,604
Other Payable
23,385,204
11,216,543
3,176,646
3,130,835
Dueto Related Parties Current
1,064
9,364
30,880
91,111
Total Tax Payable
464,142
450,078
356,006
78,802
Income Tax Payable
44,682
14,514
5,743
27,655
Accounts Payable
18,001,675
15,181,585
22,210,431
14,222,856
Total Assets
103,162,630
82,706,105
84,162,541
71,491,006
Total Non Current Assets
39,908,803
32,970,036
29,640,912
27,963,585
Other Non Current Assets
1,537,445
1,537,408
777,870
2,099
Non Current Prepaid Assets
128,566
149,373
208,010
7,078,364
Non Current Accounts Receivable
6,690,931
4,652,851
3,232,913
2,188,643
Investments And Advances
6,786,579
6,452,230
5,120,359
2,295,032
Investmentin Financial Assets
5,992,320
5,775,408
4,566,999
1,929,772
Held To Maturity Securities
1,371,630
1,034,204
1,228,595
1,626,131
Available For Sale Securities
4,620,690
4,741,204
3,338,404
303,641
Long Term Equity Investment
794,259
676,822
553,360
365,260
Goodwill And Other Intangible Assets
7,503,800
7,388,999
7,772,465
3,790,826
Other Intangible Assets
7,469,694
7,354,893
7,738,359
3,790,826
Goodwill
34,106
34,106
34,106
0
Net PPE
17,261,482
12,789,175
12,529,295
12,608,621
Accumulated Depreciation
-6,167,856
-4,638,495
-3,258,029
-1,885,836
Gross PPE
23,429,338
17,427,670
15,787,324
14,494,457
Leases
699,693
649,574
695,972
681,341
Construction In Progress
1,488,383
1,694,205
782,585
3,905,616
Other Properties
7,773,632
4,533,109
3,862,451
3,591,358
Machinery Furniture Equipment
7,652,144
6,342,815
6,320,467
4,109,219
Buildings And Improvements
5,815,486
4,207,967
4,125,849
2,206,923
Current Assets
63,253,827
49,736,069
54,521,629
43,527,421
Other Current Assets
602,260
367,076
399,339
388,990
Restricted Cash
6,968,240
3,264,089
3,174,886
106,272
Prepaid Assets
1,188,352
485,416
520,473
679,312
Inventory
10,380,668
5,562,922
5,526,212
4,521,373
Finished Goods
6,081,927
3,898,396
3,661,299
3,059,567
Work In Process
1,562,095
29,734
30,831
12,210
Raw Materials
2,736,646
1,634,792
1,834,082
1,449,596
Receivables
9,158,251
7,334,919
6,180,446
6,612,417
Other Receivables
3,598,049
2,620,528
1,929,794
1,332,866
Duefrom Related Parties Current
102,219
43,714
12,948
47,124
Taxes Receivable
3,461,066
2,221,048
1,521,488
1,359,581
Accounts Receivable
1,996,917
2,449,629
2,716,216
3,872,846
Allowance For Doubtful Accounts Receivable
-121,707
-67,096
Gross Accounts Receivable
3,994,553
2,740,590
Cash Cash Equivalents And Short Term Investments
34,956,056
32,721,647
38,720,273
31,219,057
Other Short Term Investments
17,626,444
14,135,373
17,593,110
16,611,283
Cash And Cash Equivalents
17,329,612
18,586,274
21,127,163
14,607,774
Cash Flow
2025
2024
2023
2022
2021
Free Cash Flow
4,911,472
-4,440,280
-1,355,341
-12,912,275
Repayment Of Debt
-8,355,332
-10,021,337
-5,276,175
-795,065
Issuance Of Debt
8,870,092
10,718,107
8,271,823
6,800,730
Issuance Of Capital Stock
0
0
5,019,599
0
Capital Expenditure
-3,347,057
-2,427,937
-2,311,505
-4,679,899
Interest Paid Supplemental Data
503,740
465,031
306,656
162,470
Income Tax Paid Supplemental Data
17,259
33,635
25,727
36,071
End Cash Position
23,401,103
21,739,664
24,302,049
14,714,046
Beginning Cash Position
21,739,664
24,302,049
14,714,046
11,634,881
Effect Of Exchange Rate Changes
222,632
35,736
-14,576
461,740
Changes In Cash
1,438,807
-2,598,121
9,602,579
2,617,425
Financing Cash Flow
514,760
669,321
8,015,247
6,003,835
Cash Flow From Continuing Financing Activities
514,760
669,321
8,015,247
6,003,835
Net Other Financing Charges
-27,449
-1,830
-36,924
Net Common Stock Issuance
0
0
5,019,599
0
Common Stock Issuance
0
0
5,019,599
0
Net Issuance Payments Of Debt
514,760
696,770
2,995,648
6,005,665
Net Long Term Debt Issuance
514,760
696,770
2,995,648
6,005,665
Long Term Debt Payments
-8,355,332
-10,021,337
-5,276,175
-795,065
Long Term Debt Issuance
8,870,092
10,718,107
8,271,823
6,800,730
Investing Cash Flow
-7,334,482
-1,255,099
631,168
4,845,966
Cash Flow From Continuing Investing Activities
-7,334,482
-1,255,099
631,168
4,845,966
Net Other Investing Changes
-728,130
-1,110,800
-977,928
166,260
Net Investment Purchase And Sale
-3,311,726
2,114,099
3,228,007
9,282,546
Sale Of Investment
1,288,685
5,242,489
5,965,535
13,723,686
Purchase Of Investment
-4,600,411
-3,128,390
-2,737,528
-4,441,140
Net Business Purchase And Sale
0
0
684,214
0
Sale Of Business
0
0
684,214
0
Net Intangibles Purchase And Sale
-191,192
-201,826
-215,179
-404,061
Purchase Of Intangibles
-191,192
-201,826
-215,179
-404,061
Net PPE Purchase And Sale
-3,103,434
-2,056,572
-2,087,946
-4,198,779
Sale Of PPE
52,431
169,539
8,380
77,059
Purchase Of PPE
-3,155,865
-2,226,111
-2,096,326
-4,275,838
Operating Cash Flow
8,258,529
-2,012,343
956,164
-8,232,376
Cash Flow From Continuing Operating Activities
8,258,529
-2,012,343
956,164
-8,232,376
Change In Working Capital
5,895,566
-443,174
7,351,811
-2,709,474
Change In Other Working Capital
559,065
736,406
235,491
185,961
Change In Other Current Liabilities
-1,439,456
-310,358
270,933
-142,889
Change In Other Current Assets
-34,424
-40,163
150,944
-23,124
Change In Payables And Accrued Expense
17,548,119
2,417,768
9,024,562
1,967,135
Change In Accrued Expense
3,443,333
1,533,014
1,089,108
119,283
Change In Payable
14,104,786
884,754
7,935,454
1,847,852
Change In Account Payable
2,820,090
1,690,441
6,189,745
1,860,670
Change In Tax Payable
30,168
8,771
-21,912
4,918
Change In Income Tax Payable
30,168
8,771
-21,912
4,918
Change In Prepaid Assets
-2,188,536
-321,139
329,654
-219,127
Change In Inventory
-5,772,107
-1,060,210
-2,358,763
-2,475,785
Change In Receivables
-2,777,095
-1,865,478
-301,010
-2,001,645
Changes In Account Receivables
386,507
246,259
1,138,408
-1,210,721
Other Non Cash Items
-168,325
-40,244
-352,179
-237,657
Stock Based Compensation
564,327
473,655
550,535
710,486
Unrealized Gain Loss On Investment Securities
-25,062
-591,506
Provisionand Write Offof Assets
126,298
5,572
70,357
55,340
Asset Impairment Charge
665,724
1,081,253
1,145,237
289,900
Depreciation Amortization Depletion
2,987,935
2,572,640
2,107,284
1,410,704
Depreciation And Amortization
2,987,935
2,572,640
2,107,284
1,410,704
Amortization Cash Flow
643,209
587,537
279,329
116,023
Amortization Of Intangibles
643,209
587,537
279,329
116,023
Depreciation
2,344,726
1,985,103
1,827,955
1,294,681
Operating Gains Losses
-673,536
128,219
458,894
1,387,297
Earnings Losses From Equity Investments
-30,928
29,069
-54,740
-4,117
Gain Loss On Investment Securities
-383,228
27,746
605,442
-84,419
Net Foreign Currency Exchange Gain Loss
-285,998
49,543
-97,080
1,460,151
Gain Loss On Sale Of PPE
26,618
21,861
5,272
15,682
Net Income From Continuing Operations
-1,139,460
-5,790,264
-10,375,775
-9,138,972
1/4
Graham Score
Speculative Investor
Fails most of Graham's safety criteria. Treat with caution.
Graham's Fair Value
N/A (negative EPS)
Margin of Safety
—
Market Cap / Net Assets
N/A
Net Assets: $30.4B
Warren's Owner Earnings
$5.2B
Latest fiscal year
Graham's 7 Criteria
Defensive Investor Checklist
1/4 — Speculative Investor
✅
Adequate Size
Graham required companies large enough to withstand economic downturns. This threshold ($1.5B) is inflation-adjusted from Graham's original $100M — virtually all S&P 500 companies pass this today.
$76.7B
vs > $1.5B revenue
❌
Strong Financial Condition
Current assets must be at least twice current liabilities. Note: highly profitable companies (Apple, Domino's) often run negative or low working capital deliberately — they collect cash fast and stretch payables. A failing score here is not always a warning sign.
1.09x
vs Current Ratio > 2.0x
❌
Earnings Stability
Graham required uninterrupted positive earnings. Any loss year is a red flag for defensive investors. Growth companies and cyclicals may show occasional losses during investment cycles or downturns without being fundamentally unsound.
4 loss years (4 yrs data)
vs No negative EPS years
❌
Dividend Record
Graham valued dividends as evidence of financial discipline and shareholder alignment. Many excellent modern businesses (Alphabet, Amazon, Berkshire Hathaway) pay no dividend, preferring to reinvest cash at high rates of return. Failing this criterion does not indicate a poor business — it may indicate a high-growth one.
No dividend
vs Uninterrupted dividends
Graham's 7 Criteria — Explained
What each criterion measures and why it matters.
✅ Adequate Size — $76.7Bvs > $1.5B revenue
Graham required companies large enough to withstand economic downturns. This threshold ($1.5B) is inflation-adjusted from Graham's original $100M — virtually all S&P 500 companies pass this today.
"The minimum size of an enterprise should be not less than $100 million of annual sales."
❌ Strong Financial Condition — 1.09xvs Current Ratio > 2.0x
Current assets must be at least twice current liabilities. Note: highly profitable companies (Apple, Domino's) often run negative or low working capital deliberately — they collect cash fast and stretch payables. A failing score here is not always a warning sign.
"For industrial companies, current assets should be at least twice current liabilities."
❌ Earnings Stability — 4 loss years (4 yrs data)vs No negative EPS years
Graham required uninterrupted positive earnings. Any loss year is a red flag for defensive investors. Growth companies and cyclicals may show occasional losses during investment cycles or downturns without being fundamentally unsound.
"The company should have shown no deficit in the past ten years."
❌ Dividend Record — No dividendvs Uninterrupted dividends
Graham valued dividends as evidence of financial discipline and shareholder alignment. Many excellent modern businesses (Alphabet, Amazon, Berkshire Hathaway) pay no dividend, preferring to reinvest cash at high rates of return. Failing this criterion does not indicate a poor business — it may indicate a high-growth one.
"Some current dividend payments — for at least the past 20 years."
These metrics estimate what XPEV is worth based on fundamentals — independent of what the market prices it at.
Graham's Fair Value and NCAV are conservative floors.
EPV assumes zero growth. These are reference points, not price targets.
Net Current Asset Value
N/A
"Buy at two-thirds of net current assets." — Graham
Earnings Power Value
N/A
Per share, no-growth floor. Compare to current price.
ROIC — Return on Invested Capital
-4.7%
Return on Invested Capital — Buffett's preferred measure for asset-light businesses. ROIC > 15% consistently signals a durable competitive advantage (moat). More meaningful than P/B for software, pharma, and consumer brand companies where most value is intangible and off-balance-sheet.
Cash Flow Analysis
Metric
2025
2024
2023
2022
2021
Capital Expenditure % of Net Income
N/A
N/A
N/A
N/A
N/A
Repurchase of Capital Stock
N/A
N/A
N/A
N/A
$0M
Free Cash Flow
$4.9B▲
-$4.4B▼
-$1.4B▲
-$12.9B•
N/A•
Warren's Owner Earnings
$5.2B
-$790M
-$6.0B
-$3.0B
N/A
Peers & Industry
No auto-detected peers for this industry. You can manually compare XPEV against any stock using the Compare tool.
"The management of a business is its most important single factor — more important than market position, patents, or financial structure."
— Benjamin Graham
No management data available.
Risk Analysis
XPEV (XPEV) fundamental analysis — Overall grade D based on profitability, financial health, valuation and cash flow. Graham's
Fair Value: N/A (negative EPS). Gross profit margin: 18.9%. Operating margin: -3.5%. Net margin: -1.5%. Analysis powered by 360investing — free fundamental stock analysis based on Benjamin Graham and Warren Buffett
principles.
Disclaimer: 360investing is provided for informational and educational purposes only and does not constitute financial, investment, legal, or tax advice. All data is sourced from public third-party providers
and may be delayed, inaccurate, or incomplete. Past performance is not indicative of future results. Analysis, scores, and valuations are algorithmic and do not represent professional investment recommendations. Always conduct your own due
diligence and consult a qualified financial adviser before making any investment decision. Use of this tool constitutes acceptance that 360investing and its operators bear no liability for decisions made based on information presented here.