TOUR Nasdaq Transportation Services Financials FY2016βFY2025
Tuniu Corp had $80.4M of revenue in fiscal 2025, up 12.7% on the year before. Over five years, revenue changed +4.3% a year on average.
Hi! I read Tuniu Corpβs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+12.7%
Yes. Sales grew 12.7% last year.
Does it make a profit?
5.4%
A little. It keeps 5.4% of every sale as profit.
Does profit turn into cash?
β20.1%
No. It spent more cash than it brought in.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
4 / 9
Mixed. It passes 4 of 9 health tests.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days Tuniu Corp did it, and the next one. Share prices often move a lot on those days.
Next results
December 4, 2026
Friday Β· in 39 days
| Date | Results for | Time | Source |
|---|---|---|---|
| Apr 20, 2026 | Period ended Dec 31, 2025 | Before the market opens | 20-F β |
| Apr 17, 2025 | Period ended Dec 31, 2024 | Before the market opens | 20-F β |
| Apr 29, 2024 | Period ended Dec 31, 2023 | Before the market opens | 20-F β |
| Apr 27, 2023 | Period ended Dec 31, 2022 | Before the market opens | 20-F β |
| Apr 29, 2022 | Period ended Dec 31, 2021 | Before the market opens | 20-F β |
| Apr 29, 2021 | Period ended Dec 31, 2020 | Before the market opens | 20-F β |
| May 22, 2020 | Period ended Dec 31, 2019 | After the market closes | 20-F β |
| Apr 4, 2019 | Period ended Dec 31, 2018 | Before the market opens | 20-F β |
From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.
KIRA Β· Tuniu Corp had $80.4M of revenue in fiscal 2025, up 12.7% on the year before. Over five years, revenue changed +4.3% a year on average. Its operating margin was 1.9%, down 10.4Β pts: of every 100 in sales, about 2 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Margins, % of revenue
KIRA Β· Tuniu Corp made $4.3M of net profit in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was β$16.2M in fiscal 2025, β20.1% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Cash from operations vs capital spending
KIRA Β· Tuniu Corp returned $11.3M to shareholders in fiscal 2025. The diluted share count fell 5.7%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders bought $0.0M of shares on the open market and sold none.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
2 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Mar 31, 2026 | Anqiang ChenFinancial Controller | Bought | 2,500 | $0.80 | $0.0M | Form 4 |
| Mar 30, 2026 | Anqiang ChenFinancial Controller | Bought | 1,000 | $0.78 | $0.0M | Form 4 |
| Mar 24, 2026 | Yu DundeChief Executive Officer, Director | Bought | 2,000 | $0.72 | $0.0M | Form 4 |
| Mar 23, 2026 | Anqiang ChenFinancial Controller | Bought | 2,800 | $0.73 | $0.0M | Form 4 |
| Mar 23, 2026 | Yu DundeChief Executive Officer, Director | Bought | 27,000 | $0.73 | $0.0M | Form 4 |
| Mar 20, 2026 | Anqiang ChenFinancial Controller | Bought | 16,800 | $0.73 | $0.0M | Form 4 |
Can it carry its debts, and how well does it use its money?
KIRA Β· Tuniu Corp has $152M more cash than debt.
Cash, debt and the ratios that show how comfortably Tuniu Corp can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $152M | $127M | $163M | $123M | $152M |
| Debt incl. finance leases | $3.8M | $2.8M | $2.5M | $0.0M | $0.0M |
| Net debt / EBITDA | β | β | β | β12.7x | β66.9x |
| Debt / equity | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x |
| Interest coverage | β24.2x | β42.8x | β28.9x | 19.1x | 5.6x |
| Current ratio | 1.5x | 1.5x | 1.6x | 1.3x | 2.0x |
| Quick ratio | 1.5x | 1.5x | 1.6x | 1.3x | 2.0x |
| Total assets | $362M | $272M | $276M | $262M | $229M |
| Total liabilities | $164M | $119M | $138M | $123M | $91.7M |
| Shareholders' equity | $200M | $161M | $145M | $148M | $147M |
| Net debt (β = net cash) | β$148M | β$124M | β$160M | β$123M | β$152M |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Tuniu Corp passes 4 of 9 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 4 / 8 | 5 / 9 | 2 / 9 | 2 / 9 | 4 / 9 | 4 / 9 | 7 / 9 | 8 / 9 | 4 / 9 |
| Accruals ratio | β1.9% | β4.4% | β6.9% | β8.7% | 0.1% | 3.8% | β2.4% | β17.1% | β1.0% | 8.0% |
| Altman Z'' | β0.43 | β0.14 | β0.78 | β3.24 | β8.63 | β8.95 | β11.80 | β10.92 | β11.19 | β12.51 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $1.6B | $324M | $339M | $330M | $65.2M | $66.1M | $27.3M | $62.3M | $71.4M | $80.4M |
| Provision for credit losses | β | β | β | $0.2M | $1.2M | $0.2M | $0.4M | $0.0M | β | β |
| Gross profit | $96.2M | $173M | $178M | $156M | $30.9M | $26.6M | $13.3M | $41.5M | $49.7M | $46.6M |
| Research and development | $90.5M | $80.1M | $47.6M | $43.9M | $14.6M | $8.5M | $7.5M | $8.0M | $7.3M | $8.2M |
| Operating income | β$376M | β$131M | β$52.7M | β$126M | β$194M | β$28.1M | β$31.2M | β$14.4M | $8.8M | $1.6M |
| Interest expense | β | β | $1.2M | $4.9M | $4.7M | $1.2M | $0.7M | $0.5M | $0.5M | $0.3M |
| Pretax income | β$365M | β$112M | β$30.1M | β$106M | β$196M | β$20.0M | β$30.3M | β$14.0M | $11.5M | β$4.2M |
| Income tax | β$0.3M | $2.3M | $0.0M | $0.1M | β$1.0M | $0.0M | β$0.1M | $0.2M | $0.1M | $0.2M |
| Net income | β$362M | β$114M | β$28.0M | β$101M | β$190M | β$18.8M | β$28.7M | β$14.0M | $10.7M | $4.3M |
| Net income to common | β$362M | β$114M | β$28.4M | β$101M | β$190M | β$18.8M | β$28.7M | β$14.0M | $10.7M | $4.3M |
| Diluted EPS | β$0.97 | β$0.30 | β$0.08 | β$0.27 | β$0.51 | β$0.05 | β$0.08 | β$0.04 | $0.03 | $0.01 |
| Diluted shares | 0.37B | 0.38B | 0.38B | 0.37B | 0.37B | 0.37B | 0.37B | 0.37B | 0.36B | 0.34B |
| Cash flow | ||||||||||
| Cash from operations | β$337M | β$61.9M | $40.5M | β$17.4M | β$190M | β$35.1M | β$21.2M | $32.9M | $13.4M | β$15.2M |
| Capital expenditure | $17.7M | $23.7M | $18.1M | $17.7M | $4.1M | $2.3M | $1.0M | $1.4M | $1.6M | $1.0M |
| Free cash flow | β$355M | β$85.7M | $22.5M | β$35.2M | β$194M | β$37.4M | β$22.2M | $31.5M | $11.7M | β$16.2M |
| Depreciation and amortization | $10.0M | $9.7M | $10.1M | $12.7M | $18.5M | $3.8M | $2.3M | $1.7M | $0.9M | $0.7M |
| Stock-based compensation | $13.9M | $14.6M | $10.4M | $8.9M | $3.0M | $1.4M | $0.7M | $2.2M | $1.3M | $0.8M |
| Acquisitions | $2.5M | $0.0M | $0.4M | $4.8M | $0.0M | β | β | β | β | β |
| Share buybacks | $3.0M | $24.6M | $21.0M | $2.0M | $0.0M | β | β | β | $6.2M | $7.1M |
| Dividends paid | β | β | β | β | β | β | β | β | β | $4.1M |
| Dividends and buybacks | $3.0M | $24.6M | $21.0M | $2.0M | $0.0M | β | β | β | $6.2M | $11.3M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $675M | $548M | $206M | $230M | $240M | $152M | $127M | $163M | $123M | $152M |
| Total debt | β | $0.0M | $7.8M | $30.7M | $12.7M | $3.8M | $2.8M | $2.5M | $0.0M | $0.0M |
| Current assets | $1.1B | $782M | $641M | $549M | $349M | $232M | $174M | $212M | $165M | $185M |
| Current liabilities | $652M | $449M | $451M | $539M | $267M | $154M | $112M | $135M | $122M | $90.9M |
| Property and equipment, net | $25.6M | $22.8M | $27.2M | $32.1M | $17.1M | $15.5M | $12.3M | $8.1M | $4.5M | $2.7M |
| Goodwill | $21.3M | $22.7M | $23.2M | $33.3M | $35.5M | $36.5M | $16.6M | $0.0M | β | β |
| Intangible assets | $85.3M | $70.8M | $46.2M | $23.9M | $10.9M | $8.7M | $4.4M | $3.7M | $3.0M | $2.8M |
| Total assets | $1.3B | $1.0B | $953M | $948M | $489M | $362M | $272M | $276M | $262M | $229M |
| Total liabilities | $660M | $455M | $457M | $553M | $278M | $164M | $119M | $138M | $123M | $91.7M |
| Shareholders' equity | $648M | $552M | $487M | $389M | $212M | $200M | $161M | $145M | $148M | $147M |
| Margins | ||||||||||
| Gross margin | 6.1% | 53.3% | 52.5% | 47.4% | 47.3% | 40.2% | 48.8% | 66.6% | 69.7% | 58.0% |
| Operating margin | β23.7% | β40.3% | β15.6% | β38.2% | β297.8% | β42.6% | β114.5% | β23.1% | 12.3% | 1.9% |
| EBITDA margin | β23.1% | β37.3% | β12.6% | β34.3% | β269.4% | β36.8% | β106.1% | β20.4% | 13.5% | 2.8% |
| Net margin | β22.9% | β35.0% | β8.3% | β30.5% | β290.5% | β28.5% | β105.3% | β22.5% | 15.0% | 5.4% |
| FCF margin | β22.4% | β26.4% | 6.6% | β10.7% | β297.9% | β56.5% | β81.4% | 50.5% | 16.4% | β20.1% |
| Returns | ||||||||||
| Return on capital | β | β2,547.8% | β14.4% | β52.4% | β | β43.0% | β68.3% | β | 34.7% | β |
| Return on capital employed | β56.2% | β22.8% | β10.5% | β30.8% | β87.5% | β13.6% | β19.5% | β10.2% | 6.3% | 1.1% |
| Return on equity | β55.9% | β18.9% | β5.4% | β22.9% | β63.0% | β9.2% | β15.9% | β9.2% | 7.3% | 2.9% |
| Return on assets | β27.4% | β9.7% | β2.8% | β10.6% | β26.4% | β4.4% | β9.1% | β5.1% | 4.0% | 1.8% |
| Return on tangible equity | β66.9% | β24.9% | β6.8% | β30.5% | β114.6% | β12.2% | β20.6% | β9.9% | 7.4% | 3.0% |
| Growth | ||||||||||
| Revenue growth | β | β79.5% | 4.4% | β2.5% | β80.2% | 1.3% | β58.7% | 128.4% | 14.6% | 12.7% |
| Net income growth | β | β | β | β | β | β | β | β | β | β59.6% |
| EPS growth | β | β | β | β | β | β | β | β | β | β57.2% |
| FCF growth | β | β | β | β256.5% | β | β | β | β | β62.7% | β237.7% |
| Share count change | β | 1.3% | β0.1% | β2.2% | 0.2% | 0.2% | 0.1% | 0.1% | β2.1% | β5.7% |
| Financial health | ||||||||||
| Net debt / EBITDA | β | β | β | β | β | β | β | β | β12.7x | β66.9x |
| Debt / equity | β | 0.0x | 0.0x | 0.1x | 0.1x | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x |
| Interest coverage | β | β | β44.1x | β25.6x | β41.6x | β24.2x | β42.8x | β28.9x | 19.1x | 5.6x |
| Current ratio | 1.7x | 1.7x | 1.4x | 1.0x | 1.3x | 1.5x | 1.5x | 1.6x | 1.3x | 2.0x |
| Quick ratio | 1.7x | 1.7x | 1.4x | 1.0x | 1.3x | 1.5x | 1.5x | 1.6x | 1.3x | 2.0x |
| Capital allocation | ||||||||||
| Capex / revenue | 1.1% | 7.3% | 5.3% | 5.4% | 6.3% | 3.5% | 3.5% | 2.2% | 2.3% | 1.2% |
| Stock comp / revenue | 0.9% | 4.5% | 3.1% | 2.7% | 4.5% | 2.1% | 2.7% | 3.6% | 1.8% | 1.0% |
| Payouts / FCF | β | β | 93.6% | β | β | β | β | β | 53.1% | β |
| Quality scores | ||||||||||
| Piotroski F-score | β | 4.0 | 5.0 | 2.0 | 2.0 | 4.0 | 4.0 | 7.0 | 8.0 | 4.0 |
| Altman Z'' | β0.4 | β0.1 | β0.8 | β3.2 | β8.6 | β8.9 | β11.8 | β10.9 | β11.2 | β12.5 |
| Accruals ratio | β1.9% | β4.4% | β6.9% | β8.7% | 0.1% | 3.8% | β2.4% | β17.1% | β1.0% | 8.0% |
Source: SEC EDGAR XBRL filings (CIK 0001597095). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. 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. The ADS ratio could not be read from the filing, so market cap and valuation are not shown. For information only β not investment advice. Check the original filings before relying on any figure.
