Baidu, Inc. logo BAIDF - Baidu, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 32
HOLD 8
SELL 0
STRONG
SELL 0
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Revenue
Revenue 125,748.0 133,125 134,598 123,675 124,493 107,074 107,413 102,277 84,809 70,549.4 66,381.7 49,052.3 31,943.9 22,306.0 14,500.8 7,915.1 4,447.8 3,198.3 1,744.4 837.8 40.6 117.5 40.6
Cost of Revenue 70,566.7 66,102 65,031 63,935 64,314 55,158 62,850 51,744 43,062 35,278.9 27,458.0 18,885.5 11,471.8 6,448.5 3,896.9 2,149.3 1,616.2 1,155.5 645.4 245.5 22.6 33.0 20.7
Gross Profit 55,181.3 67,023 69,567 59,740 60,179 51,916 44,563 50,533 41,747 35,270.4 38,923.7 30,166.9 20,472.1 15,857.5 10,603.9 5,765.8 2,831.5 2,042.8 1,099.0 592.3 17.9 84.5 19.9
Operating Expenses
R&D Expenses 19,905.7 22,133 24,192 23,315 24,938 19,513 18,346 15,772 12,928 10,150.8 10,175.8 6,981.0 4,106.8 2,304.8 1,334.4 718.0 422.6 286.3 140.7 79.2 5.2 11.4 5.2
SG&A Expenses 25,176.1 23,620 23,519 20,514 24,723 18,063 19,910 19,231 13,128 15,070.6 17,076.4 10,382.1 5,173.5 2,501.3 1,692.8 1,089.0 804.0 659.8 411.2 250.2 22.0 55.5 22.0
Other Expenses 0.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 62.1 24.0
Operating Expenses 45,081.8 45,753 47,711 43,829 49,661 37,576 38,256 35,003 26,056 25,221.3 27,252.1 17,363.1 9,280.4 4,806.2 3,027.2 1,807.0 1,226.6 946.1 551.9 329.5 27.2 73.5 29.2
Operating Income
Operating Income 10,099.5 21,270 21,856 15,911 10,518 14,340 (19,485) 15,530 15,691 10,049.1 11,671.6 12,803.8 11,191.7 11,051.3 7,576.7 3,958.8 1,604.9 1,096.7 547.2 262.9 (9.3) 11.0 (9.3)
Interest Expense 2,712.2 2,824 3,248 2,913 3,421 3,103 2,960 1,883 1,615 1,157.6 1,041.4 628.6 447.1 107.9 0 0 0 0 0 0 0 0 0
Interest Income 8,380.0 7,962 8,009 6,245 5,551 5,358 6,060 4,451 3,154 2,341.6 2,362.6 1,992.8 1,308.5 866.5 335.6 67.1 32.7 47.7 49.0 42.4 13.6 1.1 13.6
Profitability
EBITDA 17,802.4 35,949 36,535 30,704 27,117 32,870 24,758 29,330 29,339 18,376 38,766.2 15,027.3 12,680.5 12,077.8 8,776.6 4,538.5 1,921.9 1,921.9 728.1 1,377.4 69.6 20.9 69.6
EBIT 10,099.5 21,270 21,856 15,911 10,679 14,690 2,620 29,208 17,591 15,667 11,672 12,803.8 11,191.7 12,073.3 7,891.7 4,097.1 1,604.9 1,604.9 547.2 1,096.7 35.8 11.0 35.8
Income Before Tax 6,542.7 28,622 25,198 10,112 10,778 23,090 (340) 27,325 21,283 14,509.2 37,906.6 14,474.5 12,185.0 11,965.4 7,809.2 4,061.2 1,683.1 1,164.2 616.2 309.4 (8.9) 12.5 (8.9)
Income Tax Expense 1,226.5 4,447 3,649 2,578 3,187 4,064 1,948 4,743 2,995 2,913.6 5,474.4 2,231.2 1,828.9 1,574.2 1,188.9 536.0 198.0 116.1 (12.8) 12.3 (0.4) 0.5 (0.4)
Net Income 5,589 23,760 20,315 7,559 10,226 22,472 (2,288) 27,573 18,301 11,632.3 33,664.2 13,187.1 10,519.0 10,456.0 6,638.6 3,525.2 1,485.1 1,048.1 629.0 301.8 (8.9) 12.0 (8.9)
Per Share Data
EPS (Basic) 1.68 8.31 9.51 2.50 3.58 9.21 0.81 11.64 7.60 4.67 121.64 46.96 37.54 37.38 23.77 12.65 5.36 3.81 2.33 1.12 -0.04 0.07 -0.10
EPS (Diluted) 1.47 8.24 6.89 2.48 3.51 9.13 0.80 11.55 7.55 4.67 121.34 46.74 37.43 37.36 23.73 12.61 5.34 3.80 2.29 1.11 -0.04 0.07 -0.10
Shares Outstanding 2,726 2,790 2,278 2,782 2,758 2,732 2,786.8 2,791.9 2,778.0 2,773.2 276.8 280.8 280.2 279.7 279.3 278.6 277.3 275.1 270.1 269.0 227.8 163.4 90.8
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Current Assets
Cash & Cash Equivalents 24,843.5 24,832 25,231 53,156 36,850 35,782 33,443 27,638 11,084 10,898.5 9,959.9 13,852.7 9,691.8 11,880.6 4,127.5 7,782.0 4,199.9 2,362.2 1,359.3 1,141.2 904.2 200.2 62.8
Short-Term Investments 90,706.8 102,608 168,670 120,839 143,243 126,402 112,924 111,626 107,731 78,943.1 57,969.2 43,818.0 28,734.8 20,604.2 10,051.6 376.5 381.1 301.2 242.0 85.3 0 0 0
Net Receivables 16,781 14,280 16,620 21,135 14,829 11,589 11,471 9,107 4,883 4,519 4,245.5 4,361.8 2,220.9 1,383.0 949.8 395.6 221.8 100.5 102.7 33.7 24.5 9.8 2.1
Inventory 11,385.7 5,989 1,396 1,227 1,477 618 996 2,189 252 317.5 96.0 1,098.0 546.4 555.3 604.8 124.8 9.2 96.2 17.8 18.0 6.4 0.2 0.1
Other Current Assets (65.3) 14,957 17,610 15,911 16,301 5,072 5,773 6,143 26,701 4,425 5,265.3 2,796.9 1,897.1 555.3 663.0 195.1 51.5 5.6 6.3 2.2 1.7 0.2 0.6
Total Current Assets 152,046.8 168,849 230,255 212,850 213,315 183,342 165,562 155,094 151,169 99,758.9 78,233.7 65,840.6 43,029.2 34,674.1 15,848.2 8,782.4 4,842.9 2,852.5 1,725.5 1,278.7 935.4 212.3 65.7
Non-Current Assets
Property, Plant & Equipment 34,908.6 41,000 38,811 34,338 35,092 27,312 25,643 17,903 12,475 11,294.3 10,627.1 8,705.4 5,370.3 3,958.3 2,744.2 1,622.4 997.6 884.2 678.9 191.7 96.4 35.9 11.1
Goodwill 36,801.6 22,586 22,586 22,477 22,605 22,248 18,250 18,536 15,806 15,342.1 15,395.6 17,418.9 16,864.3 3,877.6 2,419.5 63.7 63.7 51.1 51.1 47.3 9.3 0 0
Intangible Assets 3,893.0 7,702 7,848 21,097 19,898 15,013 7,887 9,181 5,467 3,872.2 3,334.6 3,574.4 3,630.3 1,517.2 928.5 115.8 122.6 31.3 136.9 44.4 13.3 13.0 0
Long-Term Investments 169,032.3 140,256 72,623 78,926 67,332 76,233 69,410 80,454 56,283 45,690.4 37,958.6 2,878.9 634.8 803.5 734.4 288.0 14.3 12.3 15.4 96.4 2.0 0 0
Other Non-Current Assets 48,117.3 47,387 34,636 19,156 19,420 6,886 12,371 14,074 8,996 4,939.2 1,295.6 984.2 1,359.0 784.9 613.6 145.3 82.2 80.1 32.3 3.7 77.2 1.1 0
Total Non-Current Assets 297,337.1 258,931 176,504 178,123 166,719 149,366 135,754 142,472 100,559 82,238.5 69,619.6 33,820.9 27,956.6 10,994.8 7,492.4 2,266.0 1,314.1 1,085.5 930.4 389.3 201.1 49.9 11.1
Total Assets 449,383.9 427,780 406,759 390,973 380,034 332,708 301,316 297,566 251,728 181,997.4 147,853.3 99,661.5 70,985.8 45,668.9 23,340.5 11,048.4 6,157.0 3,938.0 2,655.9 1,668.1 1,136.4 262.2 76.7
Current Liabilities
Account Payables 38,910.6 1,350.9 0 1,379.6 490.2 3,141 0 0 0 0 0 0 0 0 452.4 295.4 0 0 0 0 0 0 0
Short-Term Debt 28,410 19,105 19,090 20,552 14,675 15,195 8,574 10,001 7,754 9,786 1,074.8 2,260.4 343.6 2,171.0 171.9 0 0 0 0 0 0 0 0
Deferred Revenue 13,582 16,550 16,326 14,347 14,744 13,575 11,591 9,744 8,141 7,194.2 6,355.8 4,979.8 3,281.8 2,226.2 1,671.5 109.0 42.0 3.8 271.9 147.9 78.1 6.3 7.5
Other Current Liabilities (32,752.0) 8,603.1 0 0 0 6,215 1,139 0 51,180 0 0 0 0 0 0 1,029.3 95.4 61.9 29.8 0 10.5 26.0 10.9
Total Current Liabilities 86,371.6 80,953 76,451 79,630 74,488 68,385 57,380 56,853 82,057 46,102.0 26,102.8 20,270.8 11,032.8 8,236.5 4,406.5 2,551.8 1,399.7 849.3 631.2 301.0 131.2 54.2 19.6
Non-Current Liabilities
Long-Term Debt 61,102 51,943 57,357 63,183 68,401 60,335 58,191 54,903 35,812 34,470.9 33,941.8 23,416.8 17,229.3 9,693.3 2,277.9 86 0 0 0 0 0 0 0
Deferred Tax Liabilities 4,987.5 0 2,725 2,898 3,286 3,067 3,273 4,099 3,375 3,589.2 3,441.3 1,143.8 1,200.3 289.5 131.6 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 1,987 6,299 1,897 2,157 3,986 3,602 4,145 10,058 3,487 3,682.0 3,584.6 1,418.2 2,017.4 0 148.9 0 0 0 3 7 0 211.3 91.6
Total Non-Current Liabilities 73,139.9 63,215 67,700 73,538 81,594 72,480 71,121 64,961 39,299 38,153.0 37,534.8 24,885.1 19,287.7 10,217.2 2,608.5 91 4.2 0 3.3 9.8 0.1 211.3 91.6
Total Liabilities 159,511.5 144,168 144,151 153,168 156,082 140,865 128,501 121,814 121,356 84,255.0 63,637.6 45,155.9 30,320.5 18,453.8 7,015.0 2,642.8 1,403.9 849.3 634.5 310.8 131.4 265.5 111.3
Stockholders' Equity
Common Stock 0 0 0 0 0 0 0 0 0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0 0
Retained Earnings 177,694 180,073 161,240 148,341 145,160 135,284 126,268 129,246 102,328 85,733.7 74,659.4 47,659.8 34,525.4 24,038.2 13,604.3 6,965.7 3,440.5 1,979.8 931.7 302.8 1.0 (47.1) (58.6)
Accumulated Other Comprehensive Income (1,650) (1,803) (895) 546 (8) 199 (1,383) 210 930 (1,783.0) (806.1) 231.9 843.1 (78.3) (82.6) (117.4) (113.5) (109.6) (82.0) (33.7) (5.5) 0.5 (10.2)
Total Stockholders' Equity 266,464.5 263,620 243,626 223,478 211,459 182,696 163,599 162,897 115,346 92,273.5 80,255.7 51,525.6 38,424.9 26,055.2 15,291.7 8,405.6 4,753.1 3,088.7 2,021.4 1,357.3 1,005.1 (3.3) (34.6)
Total Liabilities & Equity 449,383.9 427,780 406,759 390,973 380,034 332,708 301,316 297,566 251,728 181,997.4 147,853.3 99,661.5 70,985.8 45,668.9 23,340.5 11,048.4 6,157.0 3,938.0 2,655.9 1,668.1 1,136.4 262.2 76.7
Debt Metrics
Total Debt 97,077 79,324 84,595 91,354 91,507 82,589 73,534 64,904 43,566 44,266.0 35,071.1 25,874.9 17,658.9 11,941.2 2,520.5 86 4.2 0 0 0 0 0 0
Net Debt 72,233.5 54,492 59,364 38,198 54,657 46,807 40,091 37,266 32,482 33,367.5 25,111.2 12,022.1 7,967.1 60.6 (1,607.0) (7,696.0) (4,195.7) (2,362.2) (1,359.3) (1,141.2) (904.2) (200.2) (62.8)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Operating Activities
Net Income 5,457 24,175 21,549 7,534 7,591 19,026 (2,288) 22,582 18,288 11,595.6 32,432.2 12,243.4 10,356.1 10,391.3 6,620.3 3,525.2 1,048.1 301.8 629.0 301.8 (8.9) 12.0 (8.9)
Depreciation & Amortization 21,351 0 21,457 20,084 22,559 22,714 22,138 16,187 11,748 8,327.6 5,860.9 3,972.3 2,652.0 1,515.3 884.9 441.4 280.7 70.4 180.9 70.4 4.9 9.9 4.9
Stock-Based Compensation 3,605 4,784 6,345 6,788 7,056 6,728 5,626 4,676 3,244 1,760.0 1,387.1 962.7 514.7 212.3 152.0 93.7 84.0 48.3 39.8 48.3 5.1 0 0
Change in Working Capital (40,962.9) (27,512) (13,067) (16,758) (18,691) (18,207) (6,687) 3,281 6,575 5,637.7 4,237.5 3,249.1 967.3 781.0 592.5 746.1 337.2 25.5 99.8 107.6 11.6 17.3 11.6
Other Non-Cash Items 8,852.9 19,787 494 8,621 2,056 (6,176) 10,365 (9,998) (6,219) (5,049.0) (26,756.1) (1,796.9) (1,027.8) (844.9) (6.2) (31.5) 10.1 (2.0) (3.7) (4.6) 5.1 17.3 5.1
Operating Cash Flow (2,935.2) 21,234 36,615 26,170 20,122 24,200 28,458 35,967 32,880 22,258.3 19,422.4 17,937.2 13,793.0 11,996.0 8,178.8 4,700.5 1,746.2 440.8 935.2 526.1 12.7 56.5 12.7
Investing Activities
Capital Expenditure (11,761.4) (8,134) (11,295) (8,393) (11,240) (5,331) (19,121) (22,362) (13,951) (10,509.8) (7,774.5) (6,395.2) (3,681.0) (2,566.4) (2,342.5) (976.1) (476.8) (165.6) (582.3) (150.4) (8.0) (25.4) (6.4)
Acquisitions 1,151.5 0 (115) 256 (12,282) (2,882) (1,445) 3,603 892 274.7 (3,873.9) (328.9) (13,461.0) (821.5) (1,945.9) 12.6 17.7 (43.3) (14.1) (43.3) 0 (11.9) 0
Purchases of Investments (308,908.2) 0 (203,480) (185,149) (200,496) (296,672) (344,682) (338,042) (316,444) (242,949.5) (182,303.5) (135,167.6) (84,713.3) (33,201.2) (11,461.7) (2,903.2) (764.7) 0 (116.8) (85.3) 0 0 0
Sales/Maturities of Investments 298,544.7 0 161,916 190,103 192,503 276,428 345,243 316,374 276,033 221,578.4 162,637.9 119,403.4 78,509.9 22,829.4 1,497.0 2,661.8 580.4 0 13.3 (22.9) 0 0 0
Other Investing Activities 104.2 (421) 2,472 (761) 71 905 31 5,967 (23,465) (4,304.6) 41.5 20.6 22.6 9.6 2.5 (12.6) (17.7) 0 (13.3) 7.7 0 (2.2) (1.6)
Investing Cash Flow (22,178.5) (8,555) (50,397) (3,944) (31,444) (27,552) (19,974) (34,460) (76,935) (35,910.8) (31,272.4) (22,467.8) (23,322.8) (13,750.1) (14,250.5) (1,217.5) (661.1) (208.9) (713.2) (294.3) (8.0) (39.5) (8.0)
Financing Activities
Net Debt Issuance 19,769.3 (7,537) (13,093) (6,813) 8,840 12,390 1,338 20,727 23,587 6,850 10,352 7,635.6 6,027.4 9,398.5 2,358.7 86 0 0 0 0 0 0 0
Stock Repurchased (5,393.1) (6,324) (4,764) (1,925) (7,581) (13,054) (4,958) (3,312) (1,723) 0 (6,377.0) 0 0 0 0 0 (24.4) (24.4) 0 (68.5) 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 (35,900) 0 (12,893.0) (338.0) 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (76.0) 102 3,695 2,348 1,580 6,329 (253) (2,333) 54,547 6,935.7 16,696.0 (870.5) 1,254.3 19.9 23.2 38.8 (90.3) (22.5) 40.7 32.9 (716.2) (119.7) 8.0
Financing Cash Flow 14,390.8 (13,759) (14,162) (6,390) 23,396 5,665 (3,873) 15,082 44,557 14,446.7 7,778.0 8,612.0 7,541.6 9,518.9 2,425.8 124.8 (35.6) 32.2 40.7 32.2 0.1 120.3 0.1
Cash Position
Net Change in Cash (10,136.1) (985) (27,662) 17,565 11,131 2,101 4,612 18,491 186 938.5 (3,892.8) 4,160.9 (2,188.8) 7,753.1 (3,654.5) 3,601.6 1,011.6 235.7 214.3 235.7 4.8 137.4 4.8
Cash at Beginning 34,979.7 37,574 65,236 47,671 36,540 34,439 29,827 11,336 10,898 9,959.9 13,852.7 9,691.8 11,880.6 4,127.5 7,782.0 4,180.4 1,350.6 900.6 1,136.3 900.6 58.0 62.8 58.0
Cash at End 24,843.5 36,589 37,574 65,236 47,671 36,540 34,439 29,827 11,084 10,898.5 9,959.9 13,852.7 9,691.8 11,880.6 4,127.5 7,782.0 2,362.2 1,136.3 1,350.6 1,136.3 62.8 200.2 62.8
Free Cash Flow (14,696.7) 13,100 25,320 17,777 8,882 18,869 9,337 13,605 18,929 11,748.5 11,648.0 11,542.0 10,112.0 9,429.6 5,836.4 3,724.4 1,269.4 275.2 352.8 375.7 4.7 31.1 6.3
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003
Income Statement
Revenue 125,748.0 133,125 134,598 123,675 124,493 107,074 107,413 102,277 84,809 70,549.4 66,381.7 49,052.3 31,943.9 22,306.0 14,500.8 7,915.1 4,447.8 3,198.3 1,744.4 837.8 40.6 117.5 40.6
Gross Profit 55,181.3 67,023 69,567 59,740 60,179 51,916 44,563 50,533 41,747 35,270.4 38,923.7 30,166.9 20,472.1 15,857.5 10,603.9 5,765.8 2,831.5 2,042.8 1,099.0 592.3 17.9 84.5 19.9
Operating Income 10,099.5 21,270 21,856 15,911 10,518 14,340 (19,485) 15,530 15,691 10,049.1 11,671.6 12,803.8 11,191.7 11,051.3 7,576.7 3,958.8 1,604.9 1,096.7 547.2 262.9 (9.3) 11.0 (9.3)
Net Income 5,589 23,760 20,315 7,559 10,226 22,472 (2,288) 27,573 18,301 11,632.3 33,664.2 13,187.1 10,519.0 10,456.0 6,638.6 3,525.2 1,485.1 1,048.1 629.0 301.8 (8.9) 12.0 (8.9)
EPS (Diluted) 1.47 8.24 6.89 2.48 3.51 9.13 0.80 11.55 7.55 4.67 121.34 46.74 37.43 37.36 23.73 12.61 5.34 3.80 2.29 1.11 -0.04 0.07 -0.10
Balance Sheet
Cash & Equivalents 24,843.5 24,832 25,231 53,156 36,850 35,782 33,443 27,638 11,084 10,898.5 9,959.9 13,852.7 9,691.8 11,880.6 4,127.5 7,782.0 4,199.9 2,362.2 1,359.3 1,141.2 904.2 200.2 62.8
Total Assets 449,383.9 427,780 406,759 390,973 380,034 332,708 301,316 297,566 251,728 181,997.4 147,853.3 99,661.5 70,985.8 45,668.9 23,340.5 11,048.4 6,157.0 3,938.0 2,655.9 1,668.1 1,136.4 262.2 76.7
Total Debt 97,077 79,324 84,595 91,354 91,507 82,589 73,534 64,904 43,566 44,266.0 35,071.1 25,874.9 17,658.9 11,941.2 2,520.5 86 4.2 0 0 0 0 0 0
Stockholders' Equity 266,464.5 263,620 243,626 223,478 211,459 182,696 163,599 162,897 115,346 92,273.5 80,255.7 51,525.6 38,424.9 26,055.2 15,291.7 8,405.6 4,753.1 3,088.7 2,021.4 1,357.3 1,005.1 (3.3) (34.6)
Cash Flow
Operating Cash Flow (2,935.2) 21,234 36,615 26,170 20,122 24,200 28,458 35,967 32,880 22,258.3 19,422.4 17,937.2 13,793.0 11,996.0 8,178.8 4,700.5 1,746.2 440.8 935.2 526.1 12.7 56.5 12.7
Capital Expenditure (11,761.4) (8,134) (11,295) (8,393) (11,240) (5,331) (19,121) (22,362) (13,951) (10,509.8) (7,774.5) (6,395.2) (3,681.0) (2,566.4) (2,342.5) (976.1) (476.8) (165.6) (582.3) (150.4) (8.0) (25.4) (6.4)
Free Cash Flow (14,696.7) 13,100 25,320 17,777 8,882 18,869 9,337 13,605 18,929 11,748.5 11,648.0 11,542.0 10,112.0 9,429.6 5,836.4 3,724.4 1,269.4 275.2 352.8 375.7 4.7 31.1 6.3