Ehang Holdings Limited's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Ehang Holdings Limited (EH) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Ehang Holdings Limited vs Its Competitors
- TTM: Trailing 12-month revenue of 60M vs 28M combined for tracked competitors (68.2% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+318.2% annualized vs trailing 12 months), vs accelerating (+288.5%) for its tracked peer group.
- Profitability: Its -50.4% net margin compares with -461.8% for the peer group.
- Scale: Ehang Holdings Limited ranks #38 of 56 companies by market capitalization in the Aerospace & Defense industry, holding 0.1% of industry market cap.
- Peer revenue share: Ehang Holdings Limited accounted for 69.7% of combined revenue among its tracked peer group, down from 100.0% a year earlier.
- Peer differentiation: Revenue per employee of $0.30M compares with $27.93M for the peer group (0.0x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
EH Sales vs. its Competitors, Q4 2024
With a net margin of -50.43 %, Ehang Holdings Limited achieved higher profitability than its competitors (-461.75 %).
Ehang Holdings Limited generated 69.73 % of the combined sales of its peer group, down from 100.00 % a year earlier.
Ehang Holdings Limited vs. its Competitors, Q4 2024
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Ehang Holdings Limited and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Ehang Holdings Limited | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (2) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (7) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Ehang Holdings Limited's competitor groups requires a Commercial License.
For context: the Aerospace & Defense industry grew revenue 13.0% year over year, combined, vs 277.9% for Ehang Holdings Limited. Ehang Holdings Limited's share of combined industry revenue moved from 0.01% to 0.05%, a gain of 0.03 percentage points.
Ehang Holdings Limited's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Ehang Holdings Limited | - | - | - | - |
| High-Confidence Competitors (3) | - | |||
| Similar-Size Competitors (10) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
EH Stock Performance relative to its Competitors
EH Stock Performance relative to High-Confidence Competitors
EH Stock Performance relative to Similar-Size Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Naas Technology inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Ehang Holdings Limited's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Ehang Holdings Limited's Comment on Competition and Industry Peers
Publicly Traded Peers of Ehang Holdings Limited
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Ehang Holdings Limited | 0.62 | 59.77 |
| Naas Technology inc | 2,144.06 | 27.93 |
| SUBTOTAL | 2,144.68 | 87.70 |
Sources: Ehang Holdings Limited's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Ehang Holdings Limited versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Ehang Holdings Limited's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| helicopter and ground transportation service providers | Named by the company | 85% |
| Aerwins Technologies Inc | Named by the company | 85% |
| Eve Holding Inc | Named by the company | 85% |
| Draganfly Inc | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Ehang Holdings Limited's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Ehang Holdings Limited's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Ehang Holdings Limited | 1 | 298,850 | -197,325 |
| Naas Technology inc | 2,144 | 27,932,413 | -125,278,000 |
| PEERS TOTAL | 2,144 | 27,932,413 | -125,278,000 |
Ehang Holdings Limited's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Ehang Holdings Limited | West Asia 23.18 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Ehang Holdings Limited's Position in Industry Market Structure
Market-capitalization share and concentration across all 49 companies in Ehang Holdings Limited's industry classification, broader than the peer set above. Market cap in millions of $.Ehang Holdings Limited ranks #38 of 49 companies by market capitalization in its industry, holding 0.07 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 918, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | The Boeing Company | 147,091 | 18.92 % |
| 2 | Lockheed Martin Corporation | 117,688 | 15.14 % |
| 3 | Northrop Grumman Corp | 68,848 | 8.86 % |
| 4 | Transdigm Group Incorporated | 62,141 | 7.99 % |
| 5 | Garmin Ltd | 1,234 | 5.2% |
| 6 | L3harris Technologies Inc | 1,234 | 5.2% |
| 7 | Rocket Lab Corp | 1,234 | 5.2% |
| 8 | Axon Enterprise Inc | 1,234 | 5.2% |
| 9 | Elbit Systems Ltd | 1,234 | 5.2% |
| 10 | Teledyne Technologies Inc | 1,234 | 5.2% |
| 38 | Ehang Holdings Limited | 567 | 0.07 % |
Market cap and industry share for the rest of Ehang Holdings Limited's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-30.
Ehang Holdings Limited's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 33 | Aevex Corp | 799 | - |
| 34 | Sturm Ruger and Company Inc | 691 | -0.27 % |
| 35 | Eve Holding Inc | 679 | -49.49 % |
| 36 | Smith and Wesson Brands Inc | 639 | 45.51 % |
| 37 | Park Aerospace Corp | 1,234 | 12.3% |
| 38 | Ehang Holdings Limited | 567 | -76.42 % |
| 39 | Outdoor Holding Company | 1,234 | 12.3% |
| 40 | Airo Group Holdings Inc | 1,234 | 12.3% |
| 41 | Fact Ii Acquisition Corp | 1,234 | 12.3% |
| 42 | Applied Energetics Inc | 1,234 | 12.3% |
| 43 | Coda Octopus Group Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Ehang Holdings Limited's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-30. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Ehang Holdings Limited's BCG Growth-Share Matrix
Relative market share (vs Ehang Holdings Limited's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Ehang Holdings Limited falls in the Question Mark quadrant: relative market share of 0.00x vs its largest competitor, in an industry growing revenue 15.0% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Ehang Holdings Limited's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 918 (see Industry Market Structure & Concentration above) |
| Supplier Power | Not covered on this page | See Ehang Holdings Limited's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Ehang Holdings Limited's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Ehang Holdings Limited's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Ehang Holdings Limited falls in the Medium attractiveness / Low strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Ehang Holdings Limited's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+318.2% annualized vs trailing 12 months).
Weaknesses
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.00x).
Opportunities
- Industry revenue growing at a healthy 15.0% median pace.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Ehang Holdings Limited's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Ehang Holdings Limited | 0.36 | 2.07 | 0.10 |
| Naas Technology inc | 0.09 | 0.33 | - |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Ehang Holdings Limited's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Ehang Holdings Limited | Q4 2024 | -4.4 % | - |
| Naas Technology inc | Q4 2024 | -38.0 % | - |
| PEERS TOTAL | -18.5 % | - |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Ehang Holdings Limited's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Ehang Holdings Limited | Q4 2024 | -4.3 % | +0.7 % |
| Naas Technology inc | Q4 2024 | -52.7 % | - |
Ehang Holdings Limited's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Ehang Holdings Limited | - | - | - |
| Naas Technology inc | - | - | - |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Ehang Holdings Limited's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Ehang Holdings Limited | - | 0.01 |
| Naas Technology inc | - | 76.76 |
| PEERS AVERAGE | - | 24.45 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.