Autohome Inc.
ATHM · Services-Computer Processing & Data Preparation · EDGAR filings ↗
Reference price $4.35 — last insider sale, 2026-05-29 (estimated from the dated SEC Form 4 price — not a live quote)
Grade
C64Cash-rich, profitable Chinese auto platform, but reported revenue/margin figures look distorted.
Strengths
- Strong cash generation — FCF $872.6M (92nd), OCF margin 96.4% (100th)
- Debt-free, strong liquidity — current ratio 6.00 (85th)
- High reported returns — ROE 43.8% (78th)
Risks
- Data-quality concerns — gross margin 506% and revenue -86.9% indicate a revenue-line normalization artifact
- China macro/auto-ad softness and VIE structure — per 10-K
- ADR/regulatory/de-listing overhang — per 10-K
Notable findings
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Strong balance sheetStrong balance sheet — $2.8B cash & investments
- Notable holderHeld by 5 notable fund(s): STATE STREET CORP, CITADEL ADVISORS LLC, RENAISSANCE TECHNOLOGIES LLC +2 more (as of 2026-03-31)
- New fund positionNotable fund(s) opened this quarter: RENAISSANCE TECHNOLOGIES LLC
- Insider sellingInsider selling — 4 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, last 6mo) Form 4 ↗
Key metrics
Gross margin
72.4%
Operating margin
11.9%
Net margin
22.4%
Return on equity
6.3%
Return on assets
5.1%
Revenue growth (QoQ)
-4.3%
Net-income growth
-10.4%
Current ratio
6.0×
Free cash flow
$110M
Tangible book value
$2.7B
Cash & investments
$2.8B
Stock comp / revenue
3.4%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-29 | Zeng Yan | Grant | 54K | — |
| 2026-05-29 | Zeng Yan | Sell | 24K | $4.35 |
| 2026-05-29 | Long Quan | Grant | 81K | — |
| 2026-05-29 | Xiang Bibo | Grant | 29K | — |
| 2026-05-29 | Xiang Bibo | Sell | 11K | $4.35 |
| 2026-03-31 | Zeng Yan | Sell | 2.7K | $4.29 |
| 2026-03-31 | Xiang Bibo | Sell | 1.2K | $4.29 |
All non-derivative Form 4 activity (SEC), newest first.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-04-15 | 2025-12-31 | 0001193125-26-155932 ↗ |
| 20-F | 2025-04-15 | 2024-12-31 | 0000950170-25-053940 ↗ |
| 20-F | 2024-04-25 | 2023-12-31 | 0000950170-24-047913 ↗ |
| 20-F | 2023-04-25 | 2022-12-31 | 0000950170-23-014231 ↗ |
| 20-F | 2022-04-25 | 2021-12-31 | 0001193125-22-117521 ↗ |
| 20-F | 2021-03-02 | 2020-12-31 | 0001193125-21-065446 ↗ |
| 20-F | 2020-04-03 | 2019-12-31 | 0001193125-20-098105 ↗ |
| 20-F | 2019-04-12 | 2018-12-31 | 0001193125-19-104786 ↗ |
| 20-F | 2018-04-13 | 2017-12-31 | 0001193125-18-116499 ↗ |
| 20-F | 2017-04-25 | 2016-12-31 | 0001193125-17-136708 ↗ |
| 20-F | 2016-03-17 | 2015-12-31 | 0001193125-16-507591 ↗ |
| 20-F | 2015-03-27 | 2014-12-31 | 0001193125-15-109453 ↗ |