Noah Holdings Ltd
NOAH NYSE· Investment Advice
Last close · Oct 27, 2026
$6.87
KIRA · Stoqly’s AI analyst, in plain words
- Noah Holdings Ltd had $363M of revenue in fiscal 2025, up 0.5% on the year before. Over five years, revenue changed −5.4% a year on average.
- Its operating margin was 29.8%, up 5.4 pts: of every 100 in sales, about 30 is left after running the business.
- Noah Holdings Ltd made $77.8M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew −26.0% a year.
- Free cash flow was $117M in fiscal 2025, 32.3% of revenue.
- Noah Holdings Ltd returned $83.3M to shareholders in fiscal 2025, 71% of free cash flow. The diluted share count fell 0.1%.
Market cap
$484M
P/E
6.2x
Revenue
$363M
Net income
$77.8M
Free cash flow
$117M
Operating margin
29.8%
Noah Holdings Ltd in 30 seconds · fiscal 2025
Are sales growing?
+0.5%
Only a little. Sales grew 0.5% last year.
Does it make a profit?
21.4%
Yes. It keeps 21.4% of every sale as profit.
Does profit turn into cash?
32.3%
Yes. 32.3% of sales ends up as free cash.
How healthy are the accounts?
5 / 7
Mixed. It passes 5 of 7 health tests.
How is the share priced?
6.2x
One share costs 6.2 times its yearly profit per share.
What Noah Holdings Ltd does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Apr 29, 2026
- Legal name
- NOAH HOLDINGS LTD
- CIK
- 0001499543
Noah Holdings Ltd · NOAH
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $666M | $460M | $465M | $361M | $363M |
| Revenue growth | 39.0% | −30.8% | 1.0% | −22.3% | 0.5% |
| Operating margin | 27.9% | 35.1% | 33.3% | 24.4% | 29.8% |
| Net income | $204M | $145M | $143M | $66.1M | $77.8M |
| Net margin | 30.6% | 31.5% | 30.6% | 18.3% | 21.4% |
| Diluted EPS | $3.02 | $2.12 | $2.05 | $0.94 | $1.11 |
| Cash | |||||
| Cash from operations | $236M | $94.0M | $186M | $53.8M | $136M |
| Capital expenditure | $352M | $9.3M | $22.3M | $11.4M | $18.7M |
| Free cash flow | −$116M | $84.7M | $164M | $42.4M | $117M |
| FCF margin | −17.5% | 18.4% | 35.2% | 11.7% | 32.3% |
| Dividends paid | — | — | $25.1M | $140M | $76.1M |
| Share buybacks | $57.7M | — | — | $7.4M | $7.3M |
| Share count change | 989.0% | 1.2% | 1.6% | 1.4% | −0.1% |
| Debt and strength | |||||
| Cash and short-term investments | $551M | $684M | $784M | $698M | $717M |
| Shareholders' equity | $1.3B | $1.4B | $1.5B | $1.4B | $1.4B |
| Current ratio | 2.4x | 3.3x | 3.8x | 4.5x | 4.5x |
| Returns and quality | |||||
| Return on equity | 17.2% | 11.0% | 10.1% | 4.7% | 5.6% |
| Return on tangible equity | 16.1% | 10.6% | 9.8% | 4.8% | 5.5% |
| Piotroski F-score | 5 | 3 | 4 | 3 | 5 |
| Altman Z'' | 7.3 | 8.9 | 9.7 | 10.7 | 10.7 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.1M
1 insider
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Noah Holdings Ltd · NOAH
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $6.87 a share, the company is worth $484M: 6.2 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001499543). Data updated October 24, 2026. Filed in CNY under US GAAP and converted to US$: income and cash-flow lines at each period's average exchange rate, balance-sheet lines at the period-end rate. For information only — not investment advice. Check the original filings before relying on any figure.