Meituan (MPNGY)
Meituan operates a vast digital platform, offering a comprehensive suite of services to consumers. The company's business model is structured around three primary divisions: Food Delivery, In-store & Hotel & Travel, and a segment dedicated to New Initiatives and Other ventures. The Food Delivery arm enables customers to easily place orders for prepared meals from a variety of restaurants. Within the In-store, Hotel & Travel segment, users can book local consumer services across numerous categories or make reservations for lodging and tourist attractions. The New Initiatives and Others division encompasses a diverse array of offerings, including B2B food distribution, Meituan's grocery service, rapid delivery solutions like Meituan Instashopping, community e-commerce, shared transportation services (such as bikes and electric mopeds), and micro-lending. Founded in 2003, this Beijing, China-headquartered company was formerly known as Meituan Dianping before adopting its current name, Meituan, in October 2020.
Sector: Specialty Retail
Industry: Specialty Retail
Meituan
OTC:MPNGYConsumer Cyclical · Specialty Retail
+1.72%$20.71
Prev close$20.36+1.72%Close$20.710.00%AH close$20.71
AH$20.71+0.00%vs close
Mkt Cap$62.29B
Float2.72B
O/S3.01B
Inst Own-
SI<0.1%
EarningsNov 27 · in 3w
Dilution
Financials Summary
Revenue$53.2B
Net Income-$3.41B
Total Assets$52.03B
Free Cash Flow-$4.06B
Debt & Equity
Debt 36%
Equity 64%
Total Debt$12.99B
Total Equity$22.66B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in MPNGY's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$52.03B
Liabilities$29.39B
Accounts Receivable$498.38M
Accounts Payable$5.19B
Inventory$451.86M
PP&E (Net)$5.81B
Goodwill$4.16B
Intangible Assets$366.81M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 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 |
| Revenue | $53.2B | $50.6B | $41.48B | $32.97B | $26.85B | $17.21B | $14.62B | $9.78B | $5.09B | $1.95B | $602.43M |
| YoY Growth | 5.1% | 22.0% | 25.8% | 22.8% | 56.0% | 17.7% | 49.5% | 92.3% | 161.2% | 223.2% | - |
| Cost of Revenue | $37.01B | $31.15B | $26.91B | $23.71B | $20.48B | $12.1B | $9.77B | $7.51B | $3.25B | $1.06B | $185.8M |
| Gross Profit | $16.19B | $19.45B | $14.57B | $9.26B | $6.37B | $5.1B | $4.84B | $2.26B | $1.83B | $890.57M | $416.63M |
| Gross Margin | 30.4% | 38.4% | 35.1% | 28.1% | 23.7% | 29.7% | 33.1% | 23.2% | 36.0% | 45.7% | 69.2% |
| Research and Development | $3.79B | $3.16B | $3.18B | $3.11B | $2.5B | $1.63B | $1.27B | $1.06B | $546.62M | $354.75M | $180.48M |
| Selling, General, and Administrative | $17.22B | $10.85B | $10.19B | $7.42B | $7.39B | $3.97B | $3.47B | $3.25B | $1.16B | $789.74M | $828.4M |
| Other | -$341.88M | -$78.13M | -$811.58M | -$402.22M | -$55.47M | -$1.15B | -$94.41M | $0 | -$2.25B | -$652.24M | -$108.24M |
| Total Operating Expenses | $20.66B | $13.93B | $12.56B | $10.13B | $9.83B | $4.45B | $4.64B | $4.28B | $2.5B | $1.85B | $1.69B |
| Operating Income (EBIT) | -$4.48B | $5.52B | $2.01B | -$872.46M | -$3.47B | $649.06M | $401.7M | -$1.66B | -$573.52M | -$937.66M | -$1.27B |
| Operating Margin | -8.4% | 10.9% | 4.8% | -2.6% | -12.9% | 3.8% | 2.7% | -17.0% | -11.3% | -48.2% | -210.8% |
| Interest Expense | $275.12M | $200.4M | $213.43M | $237.31M | $161.99M | $51.79M | $26.42M | $3.69M | $288K | $8.39M | $8.48M |
| Interest Income | $293.31M | $193.64M | $122.76M | $98.62M | $81.85M | $90.01M | $156.29M | $77.97M | $11.68M | $3.25M | $2.03M |
| Other Income (Expense) | $856.59M | $170.95M | $90.91M | -$140.16M | -$65.85M | $16.15M | $0 | -$15.65B | -$2.26B | -$655.9M | -$115.24M |
| Income Before Tax (EBT) | -$3.62B | $5.69B | $2.1B | -$1.01B | -$3.53B | $665.22M | $414.07M | -$17.31B | -$2.84B | -$1.59B | -$1.39B |
| Income Tax Expense | -$216.29M | $326.34M | $24.66M | -$10.52M | -$4.54M | -$40.43M | $78.88M | $283K | $8.13M | $40.16M | -$1.75M |
| Net Income | -$3.41B | $5.37B | $2.08B | -$1B | -$3.53B | $705.76M | $335.58M | -$17.31B | -$2.84B | -$867.88M | -$1.58B |
| Net Income Margin | -6.4% | 10.6% | 5.0% | -3.0% | -13.1% | 4.1% | 2.3% | -177.0% | -55.8% | -44.6% | -261.7% |
| Supplementary Data | |||||||||||
| EPS | -7.68 | 11.70 | 4.22 | -2.18 | -7.80 | 1.62 | 0.78 | -84.80 | -6.88 | -2.10 | -3.84 |
| Diluted EPS | -7.62 | 11.32 | 4.22 | -2.18 | -7.80 | 1.56 | 0.76 | -84.80 | -6.88 | -2.10 | -3.84 |
| Weighted Average OS | 3.04B | 3.06B | 3.15B | 3.07B | 3.02B | 2.92B | 2.88B | 1.36B | 2.75B | 2.75B | 2.75B |
| EBITDA | -$2.95B | $7.16B | $3.51B | $468.66M | -$2.03B | $401.93M | $1.17B | -$1.09B | -$617.19M | -$873.1M | -$1.24B |
| EBITDA Margin | -5.5% | 14.1% | 8.5% | 1.4% | -7.6% | 2.3% | 8.0% | -11.1% | -12.1% | -44.8% | -206.2% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 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 |
| Assets | |||||||||||
| Current Assets | |||||||||||
| Cash and Cash Equivalents | $19.26B | $10.62B | $5B | $3.02B | $4.87B | $2.56B | $2.01B | $2.55B | $2.91B | $1.41B | $2.52B |
| Short-Term Investments | $9.01B | $14.6B | $4.26B | $13.77B | $12.63B | $6.6B | $7.41B | $6.27B | $3.88B | $1.89B | $117.58M |
| Cash and Short-Term Investments | $28.27B | $25.22B | $21.76B | $16.79B | $17.51B | $9.16B | $9.42B | $8.82B | $6.79B | $3.3B | $2.64B |
| Accounts Receivable | $498.38M | $2.11B | $1.74B | $1.55B | $1.55B | $1.52B | $1.12B | $718.23M | $463.98M | $65.05M | $83.56M |
| Inventory | $451.86M | $259.94M | $195.55M | $174.29M | $102.18M | $69.93M | $41.26M | $59.99M | $13.25M | $5.48M | $1.18M |
| Other Current Assets | $4.54B | $3.24B | $3.21B | $2.64B | $2.65B | $2.29B | $1.64B | $1.23B | $829.43M | $191.05M | $150.05M |
| Total Current Assets | $33.76B | $31.44B | $27.45B | $21.46B | $22.16B | $13.24B | $12.31B | $10.96B | $8.16B | $3.54B | $3.28B |
| Long-Term Assets | |||||||||||
| Property, Plant & Equipment Net | $5.81B | $4.59B | $3.89B | $3.44B | $2.55B | $2.29B | $829.81M | $611.09M | $137.26M | $76.63M | $66.92M |
| Goodwill | $4.16B | $4.16B | $4.16B | $4.16B | $4.16B | $4.14B | $4.15B | $4.15B | $2.23B | $2.24B | $2.07B |
| Intangible Assets | $366.81M | $368.26M | $393.39M | $430.12M | $1.5B | $1.29B | $748.58M | $924.92M | $746.99M | $628.86M | $600.91M |
| Long-Term Investments | $6.89B | -$7.28B | $2.88B | -$7.46B | -$7.51B | -$2.9B | -$5.96B | -$5.02B | -$2.7B | -$697.51M | $282.44M |
| Deferred Tax Assets | $641.33M | $288.56M | $286.97M | $224.41M | $206.63M | $67.25M | $88.45M | $66.71M | $36.46M | $59.78M | $638K |
| Other Long-Term Assets | $405.94M | $15.05B | $4.86B | $14.4B | $13B | $6.84B | $7.62B | $6.39B | $3.92B | $1.9B | $133.65M |
| Total Long-Term Assets | $18.28B | $17.18B | $16.48B | $15.19B | $13.91B | $11.73B | $7.48B | $7.12B | $4.38B | $4.21B | $3.15B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $52.03B | $48.62B | $43.92B | $36.65B | $36.07B | $24.97B | $19.79B | $18.09B | $12.54B | $7.75B | $6.43B |
| Liabilities | |||||||||||
| Current Liabilities | |||||||||||
| Accounts Payable | $5.19B | $3.78B | $3.44B | $2.61B | $2.27B | $1.79B | $1.01B | $800.59M | $399.74M | $194.83M | $66.19M |
| Short-Term Debt | $2.16B | $2.48B | $2.9B | $2.63B | $1.73B | $958.58M | $532.52M | $269.81M | $24.28M | $150K | $0 |
| Current Income Tax Payable | $0 | $236.87M | $141.53M | $116.06M | $110.27M | $193.5M | $145.9M | $111.49M | $124.12M | $44.83M | $12.9M |
| Current Unearned Revenue | $2.75B | $0 | $0 | $0 | $0 | $4.42B | $3.48B | $111.49M | $124.12M | $1.48B | $0 |
| Other Current Liabilities | $7.99B | $2.77B | $3.3B | $2.7B | $2.68B | -$2.31B | -$1.77B | $1.52B | $696.06M | $691.8M | $644.36M |
| Total Current Liabilities | $18.53B | $16.18B | $15.12B | $11.46B | $10.28B | $7.67B | $5.49B | $4.77B | $3.08B | $1.87B | $1.54B |
| Long-Term Liabilities | |||||||||||
| Long-Term Debt | $9.89B | $5.87B | $5.28B | $5.27B | $6.39B | $2.24B | $69.95M | $70.46M | $0 | $0 | $7.48B |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $24.99M | $58.31M | $93.68M | $124.94M | $128.91M | -$7.48B |
| Long-Term Deferred Tax Liabilities | $343.25M | $221.97M | $145.13M | $126.83M | $134.26M | $113.28M | $208.13M | $179.26M | $157.41M | $175.89M | $66.34M |
| Other Long-Term Liabilities | $88.48M | $2.32M | $61.7M | $20.95M | $1.59M | $44.77M | $19.42M | $278.3M | $15.53B | $9.72B | $66.34M |
| Total Long-Term Liabilities | $10.86B | $6.57B | $6.03B | $5.9B | $6.97B | $2.67B | $504.54M | $348.76M | $15.53B | $9.72B | $7.54B |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $29.39B | $22.75B | $21.15B | $17.35B | $17.25B | $10.33B | $5.99B | $5.12B | $18.61B | $11.59B | $9.08B |
| Stockholders' Equity | |||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $666.63M | $0 | $0 | $0 | $0 |
| Common Stock | $61K | $61K | $63K | $62K | $62K | $59K | $58K | $58K | $15K | $14K | $14K |
| Retained Earnings | -$24.48B | -$20.96B | -$26.32B | -$28.4B | -$27.39B | -$23.86B | -$24.55B | -$24.89B | -$7.55B | -$4.71B | -$3.85B |
| Comprehensive Income & Other | -$59.77M | $540.1M | $307.45M | $222.47M | -$429.7M | -$938.66M | -$666.63M | -$726.76M | -$101.82M | -$54.67M | -$17.36M |
| Other Stockholders' Equity | $47.14B | $46.84B | $49.11B | $47.7B | $46.22B | $38.51B | $38.36B | $37.86B | $1.47B | $873.11M | $1.2B |
| Total Equity | $22.66B | $25.88B | $22.79B | $19.3B | $18.83B | $14.64B | $13.81B | $12.97B | -$6.08B | -$3.84B | -$2.65B |
| Minority Interest | -$8.71M | -$8.83M | -$8.52M | -$8.38M | -$8.5M | -$8.81M | -$8.7M | $815K | $8.65M | $7.05M | $0 |
| Total Liabilities and Equity | $52.04B | $48.63B | $43.93B | $36.66B | $36.08B | $24.98B | $19.8B | $18.09B | $12.53B | $7.75B | $6.43B |
| Supplementary Data | |||||||||||
| Total Debt | $12.99B | $9.22B | $9.09B | $8.71B | $8.83B | $3.61B | $831.33M | $340.27M | $24.28M | $150K | $7.48B |
| Net Debt | -$6.27B | -$1.4B | $4.09B | $5.69B | $3.96B | $1.04B | -$1.18B | -$2.21B | -$2.89B | -$1.41B | $4.96B |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 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 |
| Operating Activities | |||||||||||
| Net Income | -$3.72B | $5.69B | $2.1B | -$1.01B | -$3.53B | $665.22M | $414.07M | -$17.31B | -$2.84B | -$828.49M | -$1.58B |
| Depreciation & Amortization | $1.53B | $1.26B | $1.2B | $1.46B | $1.34B | $778.58M | $726.37M | $804.46M | $126.56M | $87.81M | $27.19M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | -$428.14M | -$1.01B | -$269.77M | $15.59B | $2.14B | -$39.39M | $119.18M |
| Stock-Based Compensation | $899.66M | $1.14B | $1.26B | $1.31B | $778.54M | $491.28M | $328.4M | $279.57M | $145.56M | $136.87M | $158.12M |
| Changes in Working Capital: | |||||||||||
| Accounts Receivable | -$110.24M | -$27.02M | -$109.12M | -$56.55M | -$111.91M | -$57.21M | -$40.92M | -$20.37M | -$27.28M | -$6.78M | -$1.45M |
| Inventory | -$192.11M | -$64.3M | -$21.26M | -$72.11M | -$6.08M | -$28.67M | $14.24M | -$25.28M | -$5.72M | -$2.52M | -$1.18M |
| Accounts Payable | $0 | $0 | $0 | $56.55M | $111.91M | $57.21M | $40.92M | $0 | $0 | $0 | $0 |
| Other Working Capital | $144.07M | $1.06B | $2.15B | -$49.83M | $1.09B | $312.81M | -$410.78M | -$722.22M | $382.32M | $519.82M | $443.48M |
| Total Working Capital Change | -$158.28M | $969.16M | $2.02B | -$121.94M | $1.08B | $284.14M | -$396.55M | -$747.5M | $376.6M | $517.3M | $442.3M |
| Other Non-Cash Items | -$617.94M | -$495.89M | -$503M | $76.02M | $161.99M | $57.68M | $33.03M | $9.31M | $1.47M | -$161.6M | $231.52M |
| Net Cash from Operating | -$2.07B | $8.57B | $6.07B | $1.71B | -$601.3M | $1.27B | $835.55M | -$1.38B | -$46.5M | -$287.5M | -$600.25M |
| Investing Activities | |||||||||||
| Capital Expenditures | -$1.99B | -$1.65B | -$1.03B | -$859.1M | -$1.35B | -$2.37B | -$449.95M | -$341.76M | -$111.81M | -$53.31M | -$53.7M |
| Acquisitions | $129.25M | $243.9M | $54.73M | -$8.22M | -$121.46M | -$358.88M | -$220.53M | -$1.11B | -$169.79M | $328.79M | $264.8M |
| Purchases of Investments | -$13.31B | -$32.79B | -$20.47B | -$28.58B | -$62.08B | -$30.6B | -$26.63B | -$13.95B | -$9.89B | -$8.17B | -$887.15M |
| Sales of Investments | $19.58B | $35.57B | $17.56B | $27.15B | $54.76B | $30.24B | $25.57B | $11.8B | $7.84B | $6.44B | $799.21M |
| Other Investing Activities | $57.75M | $151.3M | $191.03M | $92.17M | $23.91M | -$86.53M | $203.64M | $94.08M | $54.3M | $28.15M | $4.65M |
| Net Cash from Investing | $4.46B | $1.53B | -$3.7B | -$2.21B | -$8.77B | -$3.18B | -$1.53B | -$3.51B | -$2.27B | -$1.43B | $127.81M |
| Financing Activities | |||||||||||
| Debt Repaid | -$5.53B | $184.31M | -$99.38M | $1.03B | -$5.25B | -$2.69B | $283.45M | -$257.52M | -$24.13M | - | $44.97M |
| Common Stock Issuance | $8.32M | $22.79M | $29M | $25.53M | $6.83B | $74.81M | $612.31M | $4.3B | $25.52M | $0 | $0 |
| Common Stock Repurchases | -$54.69M | -$3.91B | $0 | $0 | $0 | $0 | $0 | -$128.11M | -$97.63M | -$267.68M | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$600K | $0 | $0 | $0 |
| Other Financing Activities | -$691.92M | -$486.78M | -$545.29M | -$494.86M | -$302.79M | -$155.95M | -$161.84M | -$35.72M | $3.79M | $0 | $0 |
| Net Cash from Financing | $3.18B | -$4.56B | -$416.91M | -$1.5B | $11.78B | $2.61B | $167.02M | $4.39B | $3.82B | $570.39M | $2.77B |
| Forex Effect | -$189.36M | $83.49M | $15.66M | $140.53M | -$101.21M | -$144.46M | -$26M | $151.33M | -$1.23M | $36.25M | $17.84M |
| Net Change in Cash | $5.39B | $5.62B | $1.98B | -$1.85B | $2.31B | $554.22M | -$546.75M | -$354.53M | $1.5B | -$1.11B | $2.32B |
| Supplementary Data | |||||||||||
| Operating Cash Flow | -$2.07B | $8.57B | $6.07B | $1.71B | -$601.3M | $1.27B | $835.55M | -$1.38B | -$46.5M | -$287.5M | -$600.25M |
| Capital Expenditure | -$1.99B | -$1.65B | -$1.03B | -$859.1M | -$1.35B | -$2.37B | -$449.95M | -$341.76M | -$111.81M | -$53.31M | -$53.7M |
| Free Cash Flow | -$4.06B | $6.92B | $5.04B | $851.43M | -$1.95B | -$1.1B | $385.6M | -$1.72B | -$158.31M | -$340.81M | -$653.95M |
| Cash at Beginning | $10.62B | $5B | $3.02B | $4.87B | $2.56B | $2.01B | $2.55B | $2.91B | $1.41B | $2.52B | $199.56M |
| Cash at End | $16B | $10.62B | $5B | $3.02B | $4.87B | $2.56B | $2.01B | $2.55B | $2.91B | $1.41B | $2.52B |