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Zai Lab Ltd (ZLAB)
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| Price date | EPS fiscal end | Basic P/E (×) | Diluted P/E (×) | P/S (×) | P/FCF (×) |
|---|
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Zai Lab Ltd (ZLAB) · Nasdaq · USD · Sector unavailable · CIK 0001704292
Annual coverage: 2018-12-31–2025-12-31 (8 periods). Financial snapshot built 2026-10-09.
ZLAB annual financial history
All stored annual observations, independent of the chart window. Per-share amounts in USD. Unavailable values are not zero.
See the calculation and limitations.
Annual per-share context (USD/share)
Complete annual history, independent of chart loading and range. Revenue/share is annual revenue per average diluted share. Debt/share is borrowings per year-end common share, excluding leases. Missing inputs remain unavailable. Metric definitions.
| Fiscal end | Revenue / share | Total debt / share | Inputs & filing sources |
|---|---|---|---|
| 2025-12-31 | 0.42 | Unavailable | Inputs & filingsrevenue: 460156000; averageDilutedShares: 1095311090; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 1106389340 revenue (2026-02-26)averageDilutedShares (2026-02-26) periodEndShares (2026-02-26) |
| 2024-12-31 | 0.40 | Unavailable | Inputs & filingsrevenue: 398988000; averageDilutedShares: 989477730; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 1077702540 revenue (2026-02-26)averageDilutedShares (2026-02-26) periodEndShares (2026-02-26) |
| 2023-12-31 | 0.28 | Unavailable | Inputs & filingsrevenue: 266719000; averageDilutedShares: 966394130; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 972239070 revenue (2026-02-26)averageDilutedShares (2026-02-26) periodEndShares (2025-02-27) |
| 2022-12-31 | 0.22 | Unavailable | Inputs & filingsrevenue: 215040000; averageDilutedShares: 958067140; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 960219570 revenue (2025-02-27)averageDilutedShares (2025-02-27) periodEndShares (2024-02-27) |
| 2021-12-31 | 0.16 | Unavailable | Inputs & filingsrevenue: 144312000; averageDilutedShares: 929921120; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 954981050 revenue (2024-02-27)averageDilutedShares (2024-02-27) periodEndShares (2023-03-01) |
| 2020-12-31 | 0.06 | Unavailable | Inputs & filingsrevenue: 48958000; averageDilutedShares: 776677430; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 878110260 revenue (2023-03-01)averageDilutedShares (2023-03-01) periodEndShares (2022-03-01) |
| 2019-12-31 | Unavailable | Unavailable | Inputs & filingsrevenue: 12985000; averageDilutedShares: No positive shares on the exact annual duration; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 682372470 revenue (2022-03-01)periodEndShares (2021-03-01) |
| 2018-12-31 | Unavailable | Unavailable | Inputs & filingsrevenue: Revenue mapping differs from reported total revenue in overlapping annual periods; averageDilutedShares: No positive shares on the exact annual duration; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: No positive common shares on the exact fiscal-end date Source unavailable |
Annual returns and cash generation (%)
Complete annual history, independent of chart loading and range. FCF margin and FCF / net income use matching annual totals. ROCE uses positive exact opening and closing capital-employed bases. Inputs, scopes and unavailable reasons are disclosed below. Missing inputs remain unavailable. Metric definitions.
| Fiscal end | FCF margin (%) | FCF / net income (%) | ROCE (%) | Inputs & filing sources |
|---|---|---|---|---|
| 2025-12-31 | -34.53 | Unavailable | -27.94 | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":-158890000,"capex":{"accession":"0001704292-26-000015","end":"2025-12-31","filed":"2026-02-26","form":"10-K","start":"2025-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001704292-26-000015","end":"2025-12-31","filed":"2026-02-26","form":"10-K","start":"2025-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":460156000,"tag":"Revenues","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-26","accession":"0001704292-26-000015","form":"10-K"},"netIncome":{"value":-175537000,"tag":"NetIncomeLoss","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-26","accession":"0001704292-26-000015","form":"10-K"},"operatingIncome":{"value":-229434000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-26","accession":"0001704292-26-000015","form":"10-K"},"openingAssets":{"value":1185753000,"tag":"Assets","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-26","accession":"0001704292-26-000015","form":"10-K"},"openingCurrentLiabilities":{"value":299385000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-26","accession":"0001704292-26-000015","form":"10-K"},"openingCapitalEmployed":{"value":886368000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":840898000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-26","accession":"0001704292-26-000015","form":"10-K"},"openingTotalEquity":{"value":840898000,"inputNames":["openingParentEquity","openingAssets","openingLiabilities"]},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":344855000,"tag":"Liabilities","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-26","accession":"0001704292-26-000015","form":"10-K"},"openingCash":{"value":449667000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-26","accession":"0001704292-26-000015","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; 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leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2025-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":-175537000,"tag":"NetIncomeLossAvailableToCommonStockholdersBasic","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-26","accession":"0001704292-26-000015","form":"10-K"},"incomeTaxExpense":{"value":-2927000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-26","accession":"0001704292-26-000015","form":"10-K"},"pretaxIncome":{"value":-178464000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-26","accession":"0001704292-26-000015","form":"10-K"},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Positive pretax income required"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Positive pretax income required"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":821293000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: -34.529594311494364; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: -27.935706258302456 fcfMargin component 1 (2026-02-26) · fcfMargin component 2 (2026-02-26) · fcfMargin component 3 (2026-02-26)cashConversion component 1 (2026-02-26) · cashConversion component 2 (2026-02-26) · cashConversion component 3 (2026-02-26) roce component 1 (2026-02-26) · roce component 2 (2026-02-26) · roce component 3 (2026-02-26) · roce component 4 (2026-02-26) · roce component 5 (2026-02-26) |
| 2024-12-31 | -55.27 | Unavailable | -32.81 | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":-220526000,"capex":{"accession":"0001704292-26-000015","end":"2024-12-31","filed":"2026-02-26","form":"10-K","start":"2024-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001704292-26-000015","end":"2024-12-31","filed":"2026-02-26","form":"10-K","start":"2024-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":398988000,"tag":"Revenues","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-26","accession":"0001704292-26-000015","form":"10-K"},"netIncome":{"value":-257103000,"tag":"NetIncomeLoss","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-26","accession":"0001704292-26-000015","form":"10-K"},"operatingIncome":{"value":-282117000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-26","accession":"0001704292-26-000015","form":"10-K"},"openingAssets":{"value":1036295000,"tag":"Assets","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-27","accession":"0001628280-25-008409","form":"10-K"},"openingCurrentLiabilities":{"value":203067000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-27","accession":"0001628280-25-008409","form":"10-K"},"openingCapitalEmployed":{"value":833228000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":796118000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2023-12-31","filed":"2026-02-26","accession":"0001704292-26-000015","form":"10-K"},"openingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":240177000,"tag":"Liabilities","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-27","accession":"0001628280-25-008409","form":"10-K"},"openingCash":{"value":790151000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-27","accession":"0001628280-25-008409","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; 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fcfMargin: -55.27133648129768; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: -32.812009332424594 fcfMargin component 1 (2026-02-26) · fcfMargin component 2 (2026-02-26) · fcfMargin component 3 (2026-02-26)cashConversion component 1 (2026-02-26) · cashConversion component 2 (2026-02-26) · cashConversion component 3 (2026-02-26) roce component 1 (2026-02-26) · roce component 2 (2025-02-27) · roce component 3 (2025-02-27) · roce component 4 (2026-02-26) · roce component 5 (2026-02-26) |
| 2023-12-31 | -77.01 | Unavailable | -38.31 | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":-205390000,"capex":{"accession":"0001704292-26-000015","end":"2023-12-31","filed":"2026-02-26","form":"10-K","start":"2023-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001704292-26-000015","end":"2023-12-31","filed":"2026-02-26","form":"10-K","start":"2023-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":266719000,"tag":"Revenues","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-26","accession":"0001704292-26-000015","form":"10-K"},"netIncome":{"value":-334620000,"tag":"NetIncomeLoss","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-26","accession":"0001704292-26-000015","form":"10-K"},"operatingIncome":{"value":-366573000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-26","accession":"0001704292-26-000015","form":"10-K"},"openingAssets":{"value":1220140000,"tag":"Assets","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-27","accession":"0001628280-24-007235","form":"10-K"},"openingCurrentLiabilities":{"value":139842000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-27","accession":"0001628280-24-007235","form":"10-K"},"openingCapitalEmployed":{"value":1080298000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":1045595000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2022-12-31","filed":"2026-02-26","accession":"0001704292-26-000015","form":"10-K"},"openingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":174545000,"tag":"Liabilities","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-27","accession":"0001628280-24-007235","form":"10-K"},"openingCash":{"value":1008470000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-27","accession":"0001628280-24-007235","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; 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fcfMargin: -77.00613754550669; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: -38.31387710436127 fcfMargin component 1 (2026-02-26) · fcfMargin component 2 (2026-02-26) · fcfMargin component 3 (2026-02-26)cashConversion component 1 (2026-02-26) · cashConversion component 2 (2026-02-26) · cashConversion component 3 (2026-02-26) roce component 1 (2026-02-26) · roce component 2 (2024-02-27) · roce component 3 (2024-02-27) · roce component 4 (2025-02-27) · roce component 5 (2025-02-27) |
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fcfMargin: -461.9980391355856; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: -40.02365870461961 fcfMargin component 1 (2023-03-01) · fcfMargin component 2 (2023-03-01) · fcfMargin component 3 (2023-03-01)cashConversion component 1 (2023-03-01) · cashConversion component 2 (2023-03-01) · cashConversion component 3 (2023-03-01) roce component 1 (2023-03-01) · roce component 2 (2021-03-01) · roce component 3 (2021-03-01) · roce component 4 (2022-03-01) · roce component 5 (2022-03-01) |
| 2019-12-31 | -1,517.49 | Unavailable | Unavailable | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":-197046000,"capex":{"accession":"0001193125-22-061312","end":"2019-12-31","filed":"2022-03-01","form":"10-K","start":"2019-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001193125-22-061312","end":"2019-12-31","filed":"2022-03-01","form":"10-K","start":"2019-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":12985000,"tag":"Revenues","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2022-03-01","accession":"0001193125-22-061312","form":"10-K"},"netIncome":{"value":-195071000,"tag":"NetIncomeLoss","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2022-03-01","accession":"0001193125-22-061312","form":"10-K"},"operatingIncome":{"value":-203196000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2022-03-01","accession":"0001193125-22-061312","form":"10-K"},"openingAssets":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCapitalEmployed":{"value":null,"inputNames":["openingAssets","openingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2018-12-31"},"openingParentEquity":{"value":251081000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2018-12-31","filed":"2022-03-01","accession":"0001193125-22-061312","form":"10-K"},"openingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCash":{"value":62952000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2018-12-31","filed":"2021-03-01","accession":"0001193125-21-062279","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2018-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":355153000,"tag":"Assets","unit":"USD","start":null,"end":"2019-12-31","filed":"2021-03-01","accession":"0001193125-21-062279","form":"10-K"},"closingCurrentLiabilities":{"value":46635000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2019-12-31","filed":"2021-03-01","accession":"0001193125-21-062279","form":"10-K"},"closingCapitalEmployed":{"value":308518000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":294660000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2019-12-31","filed":"2023-03-01","accession":"0001628280-23-005832","form":"10-K"},"closingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingLiabilities":{"value":60493000,"tag":"Liabilities","unit":"USD","start":null,"end":"2019-12-31","filed":"2021-03-01","accession":"0001193125-21-062279","form":"10-K"},"closingCash":{"value":75932000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2019-12-31","filed":"2022-03-01","accession":"0001193125-22-061312","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2019-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":-195071000,"tag":"NetIncomeLossAvailableToCommonStockholdersBasic","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2022-03-01","accession":"0001193125-22-061312","form":"10-K"},"incomeTaxExpense":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"pretaxIncome":{"value":-195071000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2021-03-01","accession":"0001193125-21-062279","form":"10-K"},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":null,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: -1517.489410858683; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: matching numerator and positive exact opening/closing CapitalEmployed required; ambiguous scopes remain unavailable; unavailable: openingCapitalEmployed; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2018-12-31 fcfMargin component 1 (2022-03-01) · fcfMargin component 2 (2022-03-01) · fcfMargin component 3 (2022-03-01)cashConversion component 1 (2022-03-01) · cashConversion component 2 (2022-03-01) · cashConversion component 3 (2022-03-01) roce component 1 (2022-03-01) · roce component 2 (2021-03-01) · roce component 3 (2021-03-01) |
| 2018-12-31 | Unavailable | Unavailable | Unavailable | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":-107553000,"capex":{"accession":"0001193125-21-062279","end":"2018-12-31","filed":"2021-03-01","form":"10-K","start":"2018-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001193125-21-062279","end":"2018-12-31","filed":"2021-03-01","form":"10-K","start":"2018-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"netIncome":{"value":-139075000,"tag":"NetIncomeLoss","unit":"USD","start":"2018-01-01","end":"2018-12-31","filed":"2021-03-01","accession":"0001193125-21-062279","form":"10-K"},"operatingIncome":{"value":-141768000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2018-01-01","end":"2018-12-31","filed":"2021-03-01","accession":"0001193125-21-062279","form":"10-K"},"openingAssets":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCapitalEmployed":{"value":null,"inputNames":["openingAssets","openingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2017-12-31"},"openingParentEquity":{"value":235171000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2017-12-31","filed":"2021-03-01","accession":"0001193125-21-062279","form":"10-K"},"openingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCash":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2017-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCapitalEmployed":{"value":null,"inputNames":["closingAssets","closingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2018-12-31"},"closingParentEquity":{"value":251081000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2018-12-31","filed":"2022-03-01","accession":"0001193125-22-061312","form":"10-K"},"closingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCash":{"value":62952000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2018-12-31","filed":"2021-03-01","accession":"0001193125-21-062279","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2018-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":-139075000,"tag":"NetIncomeLossAvailableToCommonStockholdersBasic","unit":"USD","start":"2018-01-01","end":"2018-12-31","filed":"2021-03-01","accession":"0001193125-21-062279","form":"10-K"},"incomeTaxExpense":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"pretaxIncome":{"value":-139075000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2018-01-01","end":"2018-12-31","filed":"2021-03-01","accession":"0001193125-21-062279","form":"10-K"},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":null,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: Revenue mapping differs from reported total revenue in overlapping annual periods; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: matching numerator and positive exact opening/closing CapitalEmployed required; ambiguous scopes remain unavailable; unavailable: openingCapitalEmployed, closingCapitalEmployed; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2017-12-31; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2018-12-31 fcfMargin component 1 (2021-03-01) · fcfMargin component 2 (2021-03-01)cashConversion component 1 (2021-03-01) · cashConversion component 2 (2021-03-01) · cashConversion component 3 (2021-03-01) roce component 1 (2021-03-01) |
Annual operating facts
Complete annual history, independent of chart loading and range. Operating margin is operating profit as a percentage of revenue; net margin is consolidated net profit as a percentage of revenue. Negative margins show losses. Missing inputs remain unavailable. Metric definitions.
| Fiscal end | Revenue (USD) | Operating margin (%) | Net margin (%) | Inputs & filing sources |
|---|---|---|---|---|
| 2025-12-31 | 460,156,000.00 | -49.86 | -38.15 | Inputs & filingsrevenue: 460156000; operatingIncome: -229434000; netIncome: -175537000 revenue (2026-02-26)operatingIncome (2026-02-26) netIncome (2026-02-26) |
| 2024-12-31 | 398,988,000.00 | -70.71 | -64.44 | Inputs & filingsrevenue: 398988000; operatingIncome: -282117000; netIncome: -257103000 revenue (2026-02-26)operatingIncome (2026-02-26) netIncome (2026-02-26) |
| 2023-12-31 | 266,719,000.00 | -137.44 | -125.46 | Inputs & filingsrevenue: 266719000; operatingIncome: -366573000; netIncome: -334620000 revenue (2026-02-26)operatingIncome (2026-02-26) netIncome (2026-02-26) |
| 2022-12-31 | 215,040,000.00 | -188.04 | -206.14 | Inputs & filingsrevenue: 215040000; operatingIncome: -404357000; netIncome: -443286000 revenue (2025-02-27)operatingIncome (2025-02-27) netIncome (2025-02-27) |
| 2021-12-31 | 144,312,000.00 | -485.10 | -488.16 | Inputs & filingsrevenue: 144312000; operatingIncome: -700064000; netIncome: -704471000 revenue (2024-02-27)operatingIncome (2024-02-27) netIncome (2024-02-27) |
| 2020-12-31 | 48,958,000.00 | -616.45 | -549.26 | Inputs & filingsrevenue: 48958000; operatingIncome: -301801000; netIncome: -268905000 revenue (2023-03-01)operatingIncome (2023-03-01) netIncome (2023-03-01) |
| 2019-12-31 | 12,985,000.00 | -1,564.85 | -1,502.28 | Inputs & filingsrevenue: 12985000; operatingIncome: -203196000; netIncome: -195071000 revenue (2022-03-01)operatingIncome (2022-03-01) netIncome (2022-03-01) |
| 2018-12-31 | Unavailable | Unavailable | Unavailable | Inputs & filingsrevenue: Revenue mapping differs from reported total revenue in overlapping annual periods; operatingIncome: -141768000; netIncome: -139075000 operatingIncome (2021-03-01)netIncome (2021-03-01) |
Zai Lab Ltd (ZLAB) P/E ratio history
The interactive P/E chart contains all 473 stored weekly price points (2017-09-22–2026-10-08); 0 have an eligible basic or diluted ratio. Annual EPS is carried forward from its fiscal end. Use the P/E range bar or any other chart range bar to change all five chart windows.
Fiscal-year-end snapshots
No positive annual EPS with an eligible fiscal-year-end price is available in this snapshot.
Annual P/E = eligible fiscal-year-end close ÷ reported annual EPS. This is retrospective annual P/E, not TTM or forward P/E. Why we use annual data. Missing or non-positive EPS and missing eligible prices produce unavailable ratios.
Explore the P/E chart and optional reference lines · How P/E history is calculated.
Complete annual P/E history (8 fiscal periods)
| Fiscal end | Price date | Close | Price basis | Basic P/E | Diluted P/E | EPS filings |
|---|---|---|---|---|---|---|
| 2025-12-31 | 2025-12-26 | 18.33 | Adjusted close | Unavailable | Unavailable | Basic EPS (2026-02-26) Diluted EPS (2026-02-26) |
| 2024-12-31 | 2024-12-27 | 26.61 | Adjusted close | Unavailable | Unavailable | Basic EPS (2026-02-26) Diluted EPS (2026-02-26) |
| 2023-12-31 | 2023-12-29 | 27.33 | Adjusted close | Unavailable | Unavailable | Basic EPS (2026-02-26) Diluted EPS (2026-02-26) |
| 2022-12-31 | 2022-12-30 | 30.70 | Adjusted close | Unavailable | Unavailable | Basic EPS (2025-02-27) Diluted EPS (2025-02-27) |
| 2021-12-31 | 2021-12-31 | 62.85 | Adjusted close | Unavailable | Unavailable | Basic EPS (2024-02-27) Diluted EPS (2024-02-27) |
| 2020-12-31 | 2020-12-31 | 135.34 | Adjusted close | Unavailable | Unavailable | Basic EPS (2023-03-01) Diluted EPS (2023-03-01) |
| 2019-12-31 | 2019-12-27 | 40.25 | Adjusted close | Unavailable | Unavailable | Source unavailable |
| 2018-12-31 | 2018-12-28 | 22.62 | Adjusted close | Unavailable | Unavailable | Source unavailable |
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