Vipshop Financial Ratios
NYSE: VIPSConsumer DiscretionaryCatalog/Specialty DistributionUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Vipshop ratio analysis
Vipshop earned a net margin of 6.8% in FY 2025, down from 7.2% a year earlier. Gross margin was 23.1% compared with a median of 22.2% over the prior 9 years. Return on equity reached 17.7%, meaning Vipshop generated 0.18 dollars of profit for every dollar of shareholders' equity.
Debt-to-equity stood at 0.14 versus 0.06 the year before, and the current ratio was 1.28. At the end of FY 2025, VIPS traded at 1.8 times earnings; across the 10 fiscal years shown, its year-end P/E ranged from 1.3 to 4.8, with a median of 2.2. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Vipshop financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 1.75 | 1.34 | 1.75 | 1.91 | 1.59 | 4.29 | 3.51 | 2.50 | 4.78 | 4.53 |
| Price / sales | 0.12 | 0.09 | 0.12 | 0.12 | 0.06 | 0.24 | 0.15 | 0.06 | 0.12 | 0.16 |
| Price / book | 0.30 | 0.26 | 0.38 | 0.37 | 0.22 | 0.87 | 0.63 | 0.30 | 0.63 | 1.55 |
| Gross margin | 23.1% | 23.5% | 22.8% | 21.0% | 19.7% | 20.9% | 22.2% | 20.2% | 22.3% | 24.0% |
| Operating margin | 7.7% | 8.5% | 8.1% | 6.0% | 4.8% | 5.8% | 5.1% | 2.9% | 3.7% | 4.8% |
| Net margin | 6.8% | 7.2% | 7.3% | 6.1% | 4.0% | 5.8% | 4.3% | 2.5% | 2.6% | 3.5% |
| Free cash flow margin | 5.2% | 5.9% | 10.9% | 7.8% | 3.4% | 9.4% | 9.7% | 3.8% | -1.7% | 1.5% |
| Return on equity (ROE) | 17.7% | 19.6% | 22.2% | 19.3% | 14.4% | 20.8% | 18.3% | 12.4% | 13.2% | 34.8% |
| Return on assets (ROA) | 9.2% | 10.5% | 11.3% | 9.6% | 7.5% | 10.0% | 8.2% | 4.9% | 5.0% | 7.9% |
| Debt / equity | 0.14 | 0.06 | 0.04 | 0.08 | 0.06 | 0.04 | 0.05 | 0.08 | 0.06 | — |
| Current ratio | 1.28 | 1.26 | 1.23 | 1.18 | 1.27 | 1.17 | 0.96 | 1.05 | 1.35 | 1.00 |
| Revenue growth | 2.0% | -6.6% | 6.3% | -18.6% | 17.7% | 16.9% | 8.7% | 9.7% | 37.5% | 31.3% |
| EPS growth | 3.0% | -3.2% | 42.5% | 34.8% | -19.4% | 54.4% | 87.2% | -7.3% | 0.8% | — |