Market cap
$2,920 Mln
Revenue (TTM)
$450 Mln
P/E Ratio
--
P/B Ratio
4.8
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 6.73 | -3.33 | 5.10 | 21.32 | 38.96 |
| EBIT | -4.84 | -27.35 | 11.36 | 17.07 | 10.72 |
| Net Profit | 0.37 | -24.79 | 11.44 | 15.01 | 10.52 |
| EPS | 1.23 | -22.00 | -1.87 | -229.12 | -195.12 |
| Book Value | -- | -- | -21.72 | 81.09 | 37.09 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Dec-25 | Dec-24 |
| EBIT-Margin
| -80.60 | -186.02 | -41.09 | -37.65 | -63.87 |
| Net Margin
| -- | -- | -41.86 | -- | -- |
| Return on equity
| -30.10 | -36.43 | -28.46 | -22.56 | -31.41 |
| Return on Capital
| -27.43 | -34.57 | -- | -18.15 | -28.48 |
| Return on Assets
| -22.56 | -29.49 | -12.55 | -14.89 | -23.14 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.31 | 0.18 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Zai Lab - ADR
|
--
|
-18.15
|
-28.48
|
-35.65
|
-36.02
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
-28.46
Lower than Peers by 2.15
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Zai Lab - ADR
|
-28.46
|
-22.56
|
-31.41
|
-36.34
|
-36.55
|
|
Peer Median
|
-26.31
|
--
|
--
|
--
|
--
|
ROA
-12.55
Higher than Peers by 0.41
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Zai Lab - ADR
|
-12.55
|
-14.89
|
-23.14
|
-29.66
|
-31.33
|
|
Peer Median
|
-12.96
|
--
|
--
|
--
|
--
|
EBIT Margin
-41.09
Higher than Peers by 18.61
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Zai Lab - ADR
|
-41.09
|
-37.65
|
-63.87
|
-140.27
|
-206.04
|
|
Peer Median
|
-59.70
|
--
|
--
|
--
|
--
|
Net Margin
-41.86
Higher than Peers by 29.20
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Zai Lab - ADR
|
-41.86
|
-38.15
|
-64.44
|
-125.46
|
-206.14
|
|
Peer Median
|
-71.06
|
--
|
--
|
--
|
--
|
Cash Profit Margin
0.00
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Zai Lab - ADR
|
0.00
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
5.10
Lower than Peers by 15.46
Year on year growth in net sales
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Zai Lab - ADR
|
5.10
|
0.15
|
0.50
|
0.24
|
0.49
|
|
Peer Median
|
20.56
|
--
|
--
|
--
|
--
|
EBIT Growth
11.36
Lower than Peers by 3.83
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Zai Lab - ADR
|
11.36
|
32.02
|
31.88
|
15.56
|
36.34
|
|
Peer Median
|
15.20
|
--
|
--
|
--
|
--
|
Net Profit Growth
11.44
Higher than Peers by 3.58
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Zai Lab - ADR
|
11.44
|
31.73
|
23.17
|
24.51
|
37.08
|
|
Peer Median
|
7.86
|
--
|
--
|
--
|
--
|
EPS Growth
-1.87
Lower than Peers by 32.92
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Zai Lab - ADR
|
-1.87
|
0.37
|
-6.33
|
0.25
|
0.37
|
|
Peer Median
|
31.05
|
--
|
--
|
--
|
--
|
Book Value Growth
-25.05
Lower than Peers by 26.29
Year on year growth in book value per share
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Zai Lab - ADR
|
-25.05
|
--
|
--
|
--
|
--
|
|
Peer Median
|
1.25
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
--
--
Total debt / Net worth
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Zai Lab - ADR
|
--
|
0.31
|
0.18
|
0.02
|
0.02
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.40
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Zai Lab - ADR
|
0.40
|
0.29
|
0.17
|
0.01
|
0.01
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
2.13
Lower than Peers by 1.35
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Zai Lab - ADR
|
2.13
|
2.45
|
3.51
|
4.63
|
8.04
|
|
Peer Median
|
3.48
|
--
|
--
|
--
|
--
|
Quick Ratio
1.92
Lower than Peers by 1.37
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Zai Lab - ADR
|
1.92
|
2.27
|
3.38
|
4.41
|
7.81
|
|
Peer Median
|
3.29
|
--
|
--
|
--
|
--
|
Interest Coverage
-30.87
Lower than Peers by 29.90
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Zai Lab - ADR
|
-30.87
|
-33.26
|
-113.07
|
-25.66
|
-30.38
|
|
Peer Median
|
-0.97
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
16.23
Lower than Peers by 8.09
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Zai Lab - ADR
|
16.23
|
23.06
|
22.41
|
24.50
|
22.59
|
|
Peer Median
|
24.33
|
--
|
--
|
--
|
--
|
Asset Turnover
0.30
Higher than Peers by 0.07
Sales / Average Total Assets
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Zai Lab - ADR
|
0.30
|
0.39
|
0.36
|
0.24
|
0.15
|
|
Peer Median
|
0.23
|
--
|
--
|
--
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Zai Lab - ADR
|
--
|
77.60
|
70.83
|
77.99
|
87.80
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Zai Lab - ADR
|
--
|
109.55
|
104.62
|
145.71
|
124.78
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Zai Lab - ADR
|
--
|
231.78
|
264.19
|
341.11
|
474.06
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Zai Lab - ADR
|
--
|
-44.63
|
-88.74
|
-117.41
|
-261.49
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
--
--
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Zai Lab - ADR
|
--
|
-11.11
|
-10.37
|
-79.26
|
-66.48
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Price / Book Value
4.82
No difference
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Zai Lab - ADR
|
4.82
|
2.73
|
3.17
|
33.31
|
28.19
|
|
Peer Median
|
4.82
|
--
|
--
|
--
|
--
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Zai Lab - ADR
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EV/EBITDA
-2.35
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Zai Lab - ADR
|
-2.35
|
-9.39
|
-8.69
|
-70.47
|
-65.50
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Market Cap
2,920
Higher than Peers by 2,836
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Dec-25
|
Dec-24
|
Dec-23
|
Dec-22
|
|---|---|---|---|---|---|
|
Zai Lab - ADR
|
2,920
|
--
|
--
|
--
|
--
|
|
Peer Median
|
84
|
--
|
--
|
--
|
--
|