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Baidu (BIDU) Financials

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$83.19 -0.73 (-0.87%)
Closing price 04:00 PM Eastern
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$83.22 +0.03 (+0.04%)
As of 06:40 PM Eastern
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Annual Income Statements for Baidu

Annual Income Statements for Baidu

This table shows Baidu's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Income / (Loss) Attributable to Common Shareholders		 3,255 2,861 1,096 1,605 3,456 295 4,013 2,808 1,668 5,125 2,122
Consolidated Net Income / (Loss)		 3,312 3,035 1,092 1,191 2,926 -329 3,287 2,806 1,663 4,938 1,970
Net Income / (Loss) Continuing Operations		 3,312 3,035 1,092 1,191 2,926 -329 3,287 2,806 1,663 4,938 1,970
Total Pre-Tax Income 		3,921 3,549 1,466 1,691 3,551 -49 3,977 3,266 2,080 5,771 2,329
Total Operating Income		 2,914 3,078 2,307 1,651 2,206 906 2,260 2,408 1,441 1,777 2,059
Total Gross Profit		 9,182 9,798 8,661 9,443 7,985 6,398 7,355 6,406 5,057 5,926 4,851
Total Revenue		 18,238 18,958 17,931 19,536 16,469 15,422 14,887 13,014 10,116 10,107 7,887
Operating Revenue		 18,238 18,958 17,931 19,536 16,469 15,422 14,887 13,014 10,116 9,749 7,798
Total Cost of Revenue		 9,056 9,159 9,270 10,092 8,484 9,024 7,531 6,608 5,058 4,180 3,037
Operating Cost of Revenue		 9,056 9,159 9,270 10,092 8,484 9,024 7,531 6,608 5,058 4,180 3,037
Total Operating Expenses		 6,268 6,720 6,355 7,793 5,779 5,493 5,095 3,998 3,617 4,149 2,792
Selling, General & Admin Expense		 3,236 3,313 2,974 3,880 2,778 2,859 2,799 2,014 2,161 2,600 1,669
Research & Development Expense		 3,032 3,407 3,380 3,913 3,001 2,634 2,296 1,984 1,456 1,549 1,122
Total Other Income / (Expense), net		 1,007 471 -841 41 1,346 -954 1,717 858 640 3,994 270
Interest Expense		 387 457 422 537 477 425 274 248 166 158 101
Interest & Investment Income		 996 593 629 725 478 690 636 474 189 360 317
Other Income / (Expense), net		 398 335 -1,047 -147 1,345 -1,219 1,355 632 617 3,792 54
Income Tax Expense		 609 514 374 500 625 280 690 460 418 834 359
Net Income / (Loss) Attributable to Noncontrolling Interest		 57 174 -3.62 -413 -530 -624 -726 -1.99 -5.16 -188 -152
Basic Earnings per Share		 $1.56 $9.83 $3.63 $35.80 $81.92 $7.10 $98.30 $169.98 $670.89 $2,004.58 $787.25
Weighted Average Basic Shares Outstanding		 5.06B 5.09B 5.01B 4.96B 4.89B 5.00B 5.01B 62.19M 61.93M 62.35M 62.61M
Diluted Earnings per Share		 $1.55 $9.70 $3.60 $35.09 $81.22 $7.00 $97.53 $168.88 $669.10 $1,998.13 $784.20
Weighted Average Diluted Shares Outstanding		 5.60B 5.67B 5.62B 5.63B 5.51B 5.58B 5.63B 69.90M 69.51M 70.07M 70.40M
Weighted Average Basic & Diluted Shares Outstanding		 2.76B 2.81B 2.80B 2.76B 2.16B 34.58M 34.93M 34.82M 34.73M 34.61M 35.11M

Quarterly Income Statements for Baidu

No quarterly income statements for Baidu are available.

Annual Cash Flow Statements for Baidu

This table details how cash moves in and out of Baidu's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Change in Cash & Equivalents		 -135 -3,896 2,547 1,747 323 662 2,691 18 166 -593 669
Net Cash From Operating Activities		 2,909 5,157 3,794 3,158 3,722 4,086 5,235 5,037 3,223 3,010 2,884
Net Cash From Continuing Operating Activities		 2,909 5,157 3,794 3,158 3,722 4,086 5,235 5,037 3,223 3,010 2,884
Net Income / (Loss) Continuing Operations		 3,312 3,035 1,092 1,191 2,926 -329 3,287 2,806 1,663 4,938 1,970
Consolidated Net Income / (Loss)		 3,312 3,035 1,092 1,191 2,926 -329 3,287 2,806 1,663 4,938 1,970
Depreciation Expense		 938 1,041 939 923 888 806 543 584 495 439 358
Amortization Expense		 1,874 1,981 1,973 2,617 781 522 386 1,343 760 453 281
Non-Cash Adjustments To Reconcile Net Income		 -1,457 -932 244 -1,699 -769 3,610 101 -503 -634 -3,814 -194
Changes in Operating Assets and Liabilities, net		 -1,757 32 -454 126 -104 -524 918 807 940 994 470
Net Cash From Investing Activities		 -1,172 -7,098 -572 -4,934 -4,238 -2,868 -5,016 -11,807 -5,149 -4,814 -3,613
Net Cash From Continuing Investing Activities		 -1,172 -7,098 -572 -4,934 -4,238 -2,868 -5,016 -11,802 -5,149 -4,814 -3,613
Purchase of Property, Plant & Equipment		 -1,114 -1,576 -1,201 -1,710 -782 -923 -1,277 -733 -601 -801 -776
Acquisitions		 -17 -31 -18 -1,981 -407 -1,962 -2,253 -1,479 -907 -433 -304
Purchase of Investments		 -41,881 -28,660 -26,844 -31,462 -45,630 -49,488 -50,459 -48,557 -34,836 -27,755 -21,734
Sale and/or Maturity of Investments		 42,167 23,361 27,562 30,208 42,657 49,572 47,835 42,356 31,772 24,762 19,199
Other Investing Activities, net		 -326 -193 -71 11 -77 -67 1,138 -3,389 -586 -53 -0.69
Net Cash From Financing Activities		 -1,885 -1,995 -926 3,671 871 -556 2,195 6,837 2,072 1,184 1,385
Net Cash From Continuing Financing Activities		 -1,885 -1,995 -926 3,671 871 -556 2,195 6,837 2,072 1,184 1,385
Repayment of Debt		 -4,278 -4,137 -1,931 -2,333 -730 -350 -2,386 -520 -435 -345 -68
Repurchase of Common Equity		 -866 -671 -279 -1,190 -2,008 -712 -482 -264 0.00 -971 0.00
Issuance of Debt		 3,230 2,262 909 3,703 2,600 527 5,402 4,138 1,417 1,929 1,279
Issuance of Preferred Equity		 84 49 176 774 257 0.00 0.00 - - - -
Issuance of Common Equity		 5.62 487 178 3,226 717 58 2,284 621 95 537 297
Other Financing Activities, net		 -60 15 20 -509 35 -79 -2,623 2,863 995 34 31
Effect of Exchange Rate Changes		 13 40 251 -148 -33 0.14 277 -48 21 27 13
Cash Interest Paid		 306 389 390 399 339 351 230 185 159 132 95
Cash Income Taxes Paid		 505 516 511 510 555 589 802 506 344 421 450

Quarterly Cash Flow Statements for Baidu

No quarterly cash flow statements for Baidu are available.

Annual Balance Sheets for Baidu

This table presents Baidu's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Total Assets		 58,606 57,291 56,686 59,636 51,172 43,262 43,311 38,626 26,096 22,510 15,938
Total Current Assets		 23,132 32,431 30,860 33,474 28,199 23,771 22,574 23,196 14,304 11,911 10,297
Cash & Equivalents		 3,402 3,554 7,707 5,783 5,503 4,802 4,023 1,701 1,563 1,516 2,227
Restricted Cash		 1,602 1,620 1,643 1,698 117 143 319 39 46 15 66
Short-Term Investments		 14,057 23,757 17,520 22,478 19,441 16,213 16,247 16,531 11,320 8,826 6,866
Accounts Receivable		 1,492 1,728 2,489 1,781 1,445 1,294 990 727 639 893 589
Other Current Assets		 2,578 1,772 1,502 1,734 1,693 1,319 996 526 480 626 548
Plant, Property, & Equipment, net		 4,124 3,938 3,476 3,613 2,693 2,629 2,606 1,914 1,619 1,618 1,400
Total Noncurrent Assets		 31,349 20,922 22,350 22,548 20,280 16,862 18,131 13,516 10,172 8,981 4,241
Long-Term Investments		 5,716 6,755 8,017 9,324 11,725 9,966 11,710 8,636 6,551 5,779 570
Goodwill		 3,094 3,181 3,259 3,547 3,422 2,620 2,698 2,425 2,200 2,344 2,801
Intangible Assets		 106 124 182 265 311 230 1,336 839 555 508 575
Noncurrent Deferred & Refundable Income Taxes		 300 296 309 372 257 315 338 235 158 153 152
Other Noncurrent Operating Assets		 22,133 10,566 10,583 8,493 4,036 3,220 1,423 847 318 177 144
Total Liabilities & Shareholders' Equity		 58,606 57,291 56,686 59,636 51,172 43,262 43,311 38,626 26,096 22,510 15,938
Total Liabilities		 19,751 20,303 22,207 24,493 21,666 18,450 17,730 18,621 12,081 9,689 7,246
Total Current Liabilities		 11,091 10,768 11,545 11,689 10,518 8,238 8,275 12,591 6,611 3,974 3,259
Short-Term Debt		 2,617 2,689 2,980 2,303 2,337 1,231 1,456 7,095 2,412 171 373
Accounts Payable		 5,678 5,312 5,512 6,771 5,851 5,015 5,401 4,247 3,167 2,836 2,086
Current Deferred Revenue		 2,097 2,103 1,912 2,166 1,966 1,664 1,418 208 1,032 968 801
Other Current Liabilities		 698 664 1,142 449 364 328 0.00 - - - -
Total Noncurrent Liabilities		 8,660 9,535 10,648 12,804 11,148 10,211 9,455 6,030 5,471 5,715 3,987
Long-Term Debt		 7,116 8,079 9,161 10,734 9,280 8,355 7,991 5,495 4,943 5,168 3,765
Noncurrent Deferred Revenue		 112 96 48 35 120 145 191 0.00 4.01 2.65 6.37
Noncurrent Deferred & Payable Income Tax Liabilities		 530 384 420 516 472 470 597 518 515 524 184
Other Noncurrent Operating Liabilities		 902 977 1,019 1,007 731 689 42 17 9.32 19 23
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 1,352 1,333 1,217 1,122 477 159 104 1,691 787 601 305
Total Equity & Noncontrolling Interests		 37,503 35,654 33,262 34,021 29,029 24,653 25,477 18,314 13,228 12,221 8,387
Total Preferred & Common Equity		 36,116 34,314 32,401 33,183 28,100 23,489 23,710 17,699 13,231 12,219 8,212
Total Common Equity		 36,116 34,314 32,401 33,183 28,100 23,489 23,710 17,699 13,231 12,219 8,212
Common Stock		 12,547 12,268 11,578 11,595 7,262 5,558 4,867 1,855 1,193 975 587
Retained Earnings		 24,670 22,710 21,507 22,779 20,807 18,129 18,812 15,702 12,293 11,367 7,670
Treasury Stock		 -854 -538 -763 -1,190 0.00 - - - - - -
Accumulated Other Comprehensive Income / (Loss)		 -247 -126 79 -1.26 31 -199 31 143 -256 -123 -45
Noncontrolling Interest		 1,387 1,340 860 839 930 1,164 1,767 614 -3.30 1.85 175

Quarterly Balance Sheets for Baidu

No quarterly balance sheets for Baidu are available.

Annual Metrics And Ratios for Baidu

This table displays calculated financial ratios and metrics derived from Baidu's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -3.80% 5.72% -8.21% 18.62% 6.79% 3.60% 14.39% 28.64% 0.09% 28.14% 49.61%
EBITDA Growth		 -4.85% 54.27% -17.28% -3.37% 414.37% -77.67% -6.16% 49.95% -48.74% 134.84% 19.22%
EBIT Growth		 -2.98% 170.93% -16.19% -57.66% 1,231.18% -108.68% 18.94% 47.70% -63.05% 163.60% 12.97%
NOPAT Growth		 -6.51% 53.17% 47.86% -36.04% 186.71% -66.07% -9.71% 79.65% -24.25% -12.70% 10.89%
Net Income Growth		 9.12% 177.86% -8.30% -59.29% 990.80% -109.99% 17.13% 68.77% -66.33% 150.61% 14.93%
EPS Growth		 -84.05% 169.62% -89.75% -56.80% 1,060.29% -92.82% -91.14% -74.76% -66.51% 154.80% 24.38%
Operating Cash Flow Growth		 -43.59% 35.92% 20.16% -15.17% -8.90% -21.95% 3.93% 56.27% 7.09% 4.37% 26.70%
Free Cash Flow Firm Growth		 -501.87% 473.68% 81.64% -541.53% 346.54% -95.93% 342.42% -234.42% -50.56% 42.09% 344.92%
Invested Capital Growth		 97.28% 2.75% 24.83% 92.74% 27.57% 13.77% -40.87% 200.97% -6.68% -34.83% -2.82%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 50.35% 51.69% 48.30% 48.34% 48.49% 41.49% 49.41% 49.22% 50.00% 58.64% 61.50%
EBITDA Margin		 33.57% 33.95% 23.27% 25.82% 31.69% 6.58% 30.52% 38.16% 32.74% 63.94% 34.89%
Operating Margin		 15.98% 16.24% 12.87% 8.45% 13.39% 5.87% 15.18% 18.50% 14.24% 17.58% 26.10%
EBIT Margin		 18.16% 18.01% 7.03% 7.70% 21.56% -2.04% 24.28% 23.35% 20.34% 55.11% 26.79%
Profit (Net Income) Margin		 18.16% 16.01% 6.09% 6.10% 17.77% -2.13% 22.08% 21.56% 16.44% 48.86% 24.98%
Tax Burden Percent		 84.46% 85.52% 74.51% 70.43% 82.40% 672.94% 82.64% 85.93% 79.92% 85.56% 84.60%
Interest Burden Percent		 118.40% 103.97% 116.36% 112.51% 100.03% 15.55% 110.02% 107.45% 101.10% 103.62% 110.23%
Effective Tax Rate		 15.54% 14.48% 25.49% 29.57% 17.60% 0.00% 17.36% 14.07% 20.08% 14.44% 15.40%
Return on Invested Capital (ROIC)		 13.72% 22.11% 16.25% 16.27% 41.74% 17.63% 41.27% 54.60% 58.82% 59.24% 55.24%
ROIC Less NNEP Spread (ROIC-NNEP)		 9.46% 20.42% 18.83% 16.15% 36.87% 22.09% 33.51% 49.02% 54.36% 17.51% 50.22%
Return on Net Nonoperating Assets (RNNOA)		 -4.99% -13.61% -13.11% -12.58% -30.96% -18.94% -26.85% -38.10% -46.43% -13.33% -29.66%
Return on Equity (ROE)		 8.73% 8.49% 3.14% 3.69% 10.77% -1.30% 14.42% 16.50% 12.39% 45.90% 25.58%
Cash Return on Invested Capital (CROIC)		 -51.73% 19.39% -5.84% -47.09% 17.50% 4.75% 92.65% -45.65% 65.73% 101.41% 58.10%
Operating Return on Assets (OROA)		 5.72% 5.99% 2.17% 2.71% 7.52% -0.73% 8.82% 9.39% 8.47% 28.97% 15.28%
Return on Assets (ROA)		 5.72% 5.33% 1.88% 2.15% 6.20% -0.76% 8.02% 8.67% 6.84% 25.69% 14.25%
Return on Common Equity (ROCE)		 8.11% 7.93% 2.96% 3.49% 10.23% -1.22% 13.10% 15.00% 11.75% 43.60% 24.17%
Return on Equity Simple (ROE_SIMPLE)		 9.17% 8.85% 3.37% 3.59% 10.41% -1.40% 13.86% 15.85% 12.57% 40.41% 23.99%
Net Operating Profit after Tax (NOPAT)		 2,461 2,633 1,719 1,162 1,817 634 1,868 2,069 1,152 1,520 1,742
NOPAT Margin		 13.50% 13.89% 9.59% 5.95% 11.04% 4.11% 12.55% 15.90% 11.38% 15.04% 22.08%
Net Nonoperating Expense Percent (NNEP)		 4.26% 1.69% -2.59% 0.11% 4.86% -4.46% 7.77% 5.58% 4.46% 41.73% 5.03%
Return On Investment Capital (ROIC_SIMPLE)		 5.21% 5.67% 3.79% - - - - - - - -
Cost of Revenue to Revenue		 49.65% 48.32% 51.70% 51.66% 51.51% 58.51% 50.59% 50.78% 50.01% 41.36% 38.50%
SG&A Expenses to Revenue		 17.74% 17.47% 16.59% 19.86% 16.87% 18.54% 18.80% 15.48% 21.36% 25.72% 21.17%
R&D to Revenue		 16.63% 17.97% 18.85% 20.03% 18.22% 17.08% 15.42% 15.24% 14.39% 15.33% 14.23%
Operating Expenses to Revenue		 34.37% 35.45% 35.44% 39.89% 35.09% 35.62% 34.22% 30.72% 35.75% 41.05% 35.40%
Earnings before Interest and Taxes (EBIT)		 3,312 3,414 1,260 1,503 3,550 -314 3,615 3,039 2,058 5,570 2,113
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 6,123 6,436 4,172 5,043 5,219 1,015 4,544 4,966 3,312 6,462 2,752
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.81 1.20 1.22 1.55 2.58 2.33 2.92 0.46 0.43 0.54 0.97
Price to Tangible Book Value (P/TBV)		 0.89 1.33 1.36 1.75 2.97 2.65 3.52 0.56 0.55 0.70 1.65
Price to Revenue (P/Rev)		 1.60 2.17 2.20 2.63 4.40 3.54 4.65 0.63 0.56 0.65 1.01
Price to Earnings (P/E)		 8.95 14.38 36.06 32.04 20.95 185.01 17.26 2.90 3.42 1.28 3.77
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 11.17% 6.95% 2.77% 3.12% 4.77% 0.54% 5.79% 34.44% 29.21% 78.34% 26.51%
Enterprise Value to Invested Capital (EV/IC)		 0.71 1.57 1.61 2.88 9.97 9.00 14.35 0.00 0.00 0.00 0.93
Enterprise Value to Revenue (EV/Rev)		 0.92 1.00 1.05 1.39 2.95 2.23 3.24 0.00 0.00 0.00 0.37
Enterprise Value to EBITDA (EV/EBITDA)		 2.75 2.94 4.52 5.38 9.32 33.93 10.63 0.00 0.00 0.00 1.05
Enterprise Value to EBIT (EV/EBIT)		 5.08 5.54 14.96 18.05 13.70 0.00 13.36 0.00 0.00 0.00 1.37
Enterprise Value to NOPAT (EV/NOPAT)		 6.84 7.18 10.97 23.34 26.77 54.31 25.84 0.00 0.00 0.00 1.66
Enterprise Value to Operating Cash Flow (EV/OCF)		 5.78 3.67 4.97 8.59 13.07 8.43 9.22 0.00 0.00 0.00 1.01
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 8.19 0.00 0.00 63.84 201.70 11.51 0.00 0.00 0.00 1.58
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.25 0.29 0.35 0.37 0.39 0.39 0.37 0.63 0.52 0.42 0.48
Long-Term Debt to Equity		 0.18 0.22 0.27 0.31 0.31 0.34 0.31 0.27 0.35 0.40 0.43
Financial Leverage		 -0.53 -0.67 -0.70 -0.78 -0.84 -0.86 -0.80 -0.78 -0.85 -0.76 -0.59
Leverage Ratio		 1.53 1.59 1.67 1.71 1.74 1.72 1.80 1.90 1.81 1.79 1.80
Compound Leverage Factor		 1.81 1.66 1.94 1.93 1.74 0.27 1.98 2.04 1.83 1.85 1.98
Debt to Total Capital		 20.03% 22.55% 26.04% 27.06% 28.25% 27.87% 26.97% 38.63% 34.41% 29.40% 32.30%
Short-Term Debt to Total Capital		 5.39% 5.63% 6.39% 4.78% 5.68% 3.58% 4.16% 21.77% 11.29% 0.94% 2.90%
Long-Term Debt to Total Capital		 14.65% 16.92% 19.65% 22.28% 22.57% 24.29% 22.81% 16.86% 23.13% 28.46% 29.39%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 5.64% 5.60% 4.46% 4.07% 3.42% 3.85% 5.34% 7.07% 3.67% 3.32% 3.73%
Common Equity to Total Capital		 74.33% 71.85% 69.50% 68.87% 68.33% 68.29% 67.69% 54.30% 61.92% 67.28% 63.97%
Debt to EBITDA		 1.59 1.67 2.91 2.58 2.23 9.45 2.08 2.54 2.22 0.83 1.51
Net Debt to EBITDA		 -2.46 -3.87 -5.45 -5.20 -4.82 -21.23 -5.03 -2.88 -3.66 -1.67 -2.03
Long-Term Debt to EBITDA		 1.16 1.26 2.20 2.13 1.78 8.23 1.76 1.11 1.49 0.80 1.37
Debt to NOPAT		 3.95 4.09 7.06 11.21 6.39 15.12 5.06 6.09 6.39 3.51 2.38
Net Debt to NOPAT		 -6.11 -9.47 -13.23 -22.58 -13.85 -33.98 -12.23 -6.92 -10.53 -7.10 -3.21
Long-Term Debt to NOPAT		 2.89 3.07 5.33 9.23 5.11 13.18 4.28 2.66 4.29 3.40 2.17
Altman Z-Score		 2.22 2.75 2.40 2.64 3.54 3.13 3.97 1.76 1.94 2.80 2.80
Noncontrolling Interest Sharing Ratio		 7.14% 6.65% 5.80% 5.21% 5.03% 6.34% 9.16% 9.08% 5.17% 5.03% 5.51%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.09 3.01 2.67 2.86 2.68 2.89 2.73 1.84 2.16 3.00 3.16
Quick Ratio		 1.71 2.70 2.40 2.57 2.51 2.71 2.57 1.80 2.08 2.84 2.97
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -9,280 2,309 -618 -3,365 762 171 4,193 -1,730 1,287 2,603 1,832
Operating Cash Flow to CapEx		 261.05% 327.21% 315.83% 184.67% 476.00% 442.72% 410.02% 686.92% 543.78% 378.18% 373.17%
Free Cash Flow to Firm to Interest Expense		 -23.99 5.05 -1.46 -6.27 1.60 0.40 15.30 -6.98 7.75 16.42 18.12
Operating Cash Flow to Interest Expense		 7.52 11.27 8.98 5.88 7.80 9.61 19.10 20.33 19.41 18.99 28.54
Operating Cash Flow Less CapEx to Interest Expense		 4.64 7.83 6.14 2.70 6.16 7.44 14.44 17.37 15.84 13.97 20.89
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.31 0.33 0.31 0.35 0.35 0.36 0.36 0.40 0.42 0.53 0.57
Accounts Receivable Turnover		 11.32 8.99 8.40 12.11 12.03 13.51 17.34 19.05 13.21 13.63 16.50
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 4.52 5.11 5.06 6.20 6.19 5.89 6.59 7.37 6.25 6.70 6.90
Accounts Payable Turnover		 1.65 1.69 1.51 1.60 1.56 1.73 1.56 1.78 1.69 1.70 1.84
Days Sales Outstanding (DSO)		 32.23 40.60 43.46 30.13 30.35 27.02 21.05 19.16 27.64 26.77 22.12
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 221.48 215.66 241.81 228.24 233.75 210.67 233.79 204.77 216.58 214.87 198.39
Cash Conversion Cycle (CCC)		 -189.25 -175.07 -198.36 -198.10 -203.41 -183.65 -212.74 -185.62 -188.94 -188.09 -176.28
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 23,811 12,070 11,746 9,410 4,882 3,827 3,364 5,689 1,890 2,025 3,108
Invested Capital Turnover		 1.02 1.59 1.70 2.73 3.78 4.29 3.29 3.43 5.17 3.94 2.50
Increase / (Decrease) in Invested Capital		 11,741 323 2,337 4,528 1,055 463 -2,325 3,799 -135 -1,082 -90
Enterprise Value (EV)		 16,828 18,906 18,854 27,127 48,654 34,427 48,278 -3,856 -5,631 -3,651 2,899
Market Capitalization		 29,133 41,151 39,523 51,413 72,417 54,641 69,259 8,154 5,709 6,542 8,003
Book Value per Share		 $12.87 $12.27 $11.72 $12.39 $812.53 $672.36 $681.00 $509.67 $382.33 $348.05 $234.43
Tangible Book Value per Share		 $11.73 $11.09 $10.48 $10.96 $704.59 $590.78 $565.13 $415.67 $302.72 $266.82 $138.07
Total Capital		 48,588 47,755 46,619 48,179 41,123 34,398 35,028 32,595 21,370 18,161 12,837
Total Debt		 9,734 10,767 12,140 13,036 11,617 9,586 9,447 12,590 7,354 5,340 4,146
Total Long-Term Debt		 7,116 8,079 9,161 10,734 9,280 8,355 7,991 5,495 4,943 5,169 3,773
Net Debt		 -15,044 -24,918 -22,746 -26,246 -25,169 -21,538 -22,852 -14,316 -12,125 -10,796 -5,584
Capital Expenditures (CapEx)		 1,114 1,576 1,201 1,710 782 923 1,277 733 593 796 773
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -4,403 -4,579 -4,575 -5,871 -5,043 -4,394 -4,834 -570 -2,822 -2,249 -1,750
Debt-free Net Working Capital (DFNWC)		 14,659 24,352 22,295 24,088 20,018 16,763 15,755 17,700 10,106 8,107 7,410
Net Working Capital (NWC)		 12,042 21,663 19,315 21,785 17,681 15,532 14,299 10,605 7,694 7,937 7,037
Net Nonoperating Expense (NNE)		 -851 -403 626 -29 -1,109 962 -1,419 -737 -511 -3,417 -229
Net Nonoperating Obligations (NNO)		 -15,044 -24,918 -22,732 -25,733 -24,625 -20,985 -22,217 -14,316 -12,125 -10,796 -5,584
Total Depreciation and Amortization (D&A)		 2,811 3,022 2,912 3,540 1,669 1,329 929 1,927 1,254 892 639
Debt-free, Cash-free Net Working Capital to Revenue		 -24.14% -24.15% -25.51% -30.05% -30.62% -28.49% -32.47% -4.38% -27.90% -22.26% -22.18%
Debt-free Net Working Capital to Revenue		 80.38% 128.45% 124.34% 123.30% 121.55% 108.70% 105.83% 136.01% 99.90% 80.22% 93.95%
Net Working Capital to Revenue		 66.03% 114.27% 107.72% 111.51% 107.36% 100.72% 96.05% 81.49% 76.06% 78.53% 89.22%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.56 $9.82 $3.62 $5.61 $12.56 $17.14 $240.18 $170.27 $96.62 $309.46 $126.78
Adjusted Weighted Average Basic Shares Outstanding		 5.06B 5.09B 5.01B 4.96B 4.89B 62.47M 62.60M 62.19M 61.93M 62.35M 62.61M
Adjusted Diluted Earnings per Share		 $1.55 $9.70 $3.60 $5.50 $12.44 $16.88 $238.33 $169.16 $96.37 $308.45 $126.29
Adjusted Weighted Average Diluted Shares Outstanding		 5.60B 5.67B 5.62B 5.63B 5.51B 69.77M 70.34M 69.90M 69.51M 70.07M 70.40M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 2.76B 2.81B 2.80B 2.76B 2.68B 34.58M 34.93M 34.82M 34.73M 34.61M 35.11M
Normalized Net Operating Profit after Tax (NOPAT)		 2,461 2,633 1,719 1,162 1,817 634 1,868 2,069 1,152 1,520 1,742
Normalized NOPAT Margin		 13.50% 13.89% 9.59% 5.95% 11.04% 4.11% 12.55% 15.90% 11.38% 15.04% 22.08%
Pre Tax Income Margin		 21.50% 18.72% 8.18% 8.66% 21.56% -0.32% 26.72% 25.10% 20.57% 57.10% 29.53%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 8.56 7.46 2.98 2.80 7.44 -0.74 13.19 12.26 12.39 35.14 20.90
NOPAT to Interest Expense		 6.36 5.75 4.07 2.17 3.81 1.49 6.82 8.35 6.94 9.59 17.23
EBIT Less CapEx to Interest Expense		 5.68 4.02 0.14 -0.38 5.80 -2.91 8.53 9.31 8.82 30.12 13.26
NOPAT Less CapEx to Interest Expense		 3.48 2.31 1.23 -1.02 2.17 -0.68 2.16 5.39 3.37 4.57 9.58
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 7.84%
Augmented Payout Ratio		 26.16% 22.11% 25.55% 99.87% 68.61% -216.70% 14.67% 9.42% 0.00% 19.66% 7.84%

Quarterly Metrics And Ratios for Baidu

No quarterly metrics and ratios for Baidu are available.

Frequently Asked Questions About Baidu's Financials

When does Baidu's financial year end?

According to the most recent income statement we have on file, Baidu's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Baidu's net income changed over the last 10 years?

Baidu's net income appears to be on a downward trend, with a most recent value of $3.31 billion in 2024, rising from $1.97 billion in 2014. The previous period was $3.04 billion in 2023. Find out what analysts predict for Baidu in the coming months.

What is Baidu's operating income?
Baidu's total operating income in 2024 was $2.91 billion, based on the following breakdown:
  • Total Gross Profit: $9.18 billion
  • Total Operating Expenses: $6.27 billion
How has Baidu revenue changed over the last 10 years?

Over the last 10 years, Baidu's total revenue changed from $7.89 billion in 2014 to $18.24 billion in 2024, a change of 131.2%.

How much debt does Baidu have?

Baidu's total liabilities were at $19.75 billion at the end of 2024, a 2.7% decrease from 2023, and a 172.6% increase since 2014.

How much cash does Baidu have?

In the past 10 years, Baidu's cash and equivalents has ranged from $1.52 billion in 2015 to $7.71 billion in 2022, and is currently $3.40 billion as of their latest financial filing in 2024.

How has Baidu's book value per share changed over the last 10 years?

Over the last 10 years, Baidu's book value per share changed from 234.43 in 2014 to 12.87 in 2024, a change of -94.5%.


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This page (NASDAQ:BIDU) was last updated on 5/28/2025 by MarketBeat.com Staff
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