您的徽章 52周区间 $12–$17 18% of range 分析师评级 STRONG BUY 8 analysts 目标价 $20 +55% upside P/E 0.9 ROE 35.8% 净利润率 67.4%

SOHU 股票快照 价格、市值、P/E、EPS、ROE、负债/权益、52周范围

03
价格 $12.61
市值 $329M
P/E 0.9
EPS $13.96
收入 $584M
ROE 35.8%
52周区间 $12–$17

SOHU 股价图表 包含技术指标的日 OHLCV — 平移、缩放和自定义您的视图

04
区间
条形图

柱状图粒度会根据所选周期进行调整 — 将鼠标悬停在图表上可查看柱状图的开盘价/最高价/最低价/收盘价。

10年表现 收入、净利润、利润率和每股收益趋势

06
收入$584M
2017-12-31 → 2025-12-31
EPS$13.96
2017-12-31 → 2025-12-31
自由现金流$-5M
2018-12-31 → 2025-12-31
净利率67.4%
2018-12-31 → 2025-12-31
估值与比率 07–12

估值 P/E、P/S、P/B、EV/EBITDA 比率 — 该股票是昂贵还是便宜？

指标 5年趋势 SOHU 5年均值 同行中位数 结论
P/E 0.95年均值 ≈-8.2 ≈-8.2 · ·
P/S 0.65年均值 ≈0.7 ≈0.7 · ·
P/B (市净率) 0.35年均值 ≈0.4 ≈0.4 · ·
Price / FCF (股价/自由现金流) -61.65年均值 ≈-17.1 ≈-17.1 · ·
Price / Cash Flow (市现率) -69.05年均值 ≈-20.5 ≈-20.5 · ·
Price / Tangible Book (市净率（有形资产）) 0.35年均值 ≈0.4 ≈0.4 · ·

同行中位数按每项指标的标准化基础计算，可能与本股票显示的TTM/MRQ基础不完全匹配。

价值 · ≈ 5年均值 · 行业中值 · 相对于中值的评判

收益历史 每股收益实际值 vs 预估值，惊喜%，达标率，下次财报日期

14
下次报告 十一月 16, 2026
期间报告EPS ActualEPS 预期惊喜
2026年6月30日 八月 3, 2026 $0.02 — —
2026年3月31日 五月 18, 2026 $-0.16 — —
2025年6月30日 $-0.68 — —
2025年3月31日 $-0.55 — —
2024年6月30日 $-1.05 — —
2024年3月31日 $-0.65 — —

完整基本面 所有年度指标 — 损益表、资产负债表、现金流量表

15
损益表 18
指标 趋势 202520242023202220212020201920182017
Revenue $584M$598M$601M$734M$836M$750M$674M$690M$1.77B
Cost of Revenue $131M$166M$146M$192M$205M$217M$244M$289M$950M
Gross Profit $453M$433M$455M$542M$631M$532M$430M$401M$819M
R&D Expense $248M$255M$280M$261M$269M$242M$235M$246M$412M
SG&A Expense $73M$51M$49M$57M$82M$57M$55M$70M$119M
Operating Expenses $547M$542M$542M$543M$533M$459M$501M$570M$1.01B
Operating Income $-94M$-109M$-87M$-873.0K$97M$73M$-71M$-168M$-189M
Interest Expense ··$0$0$8M$6M$14M$18M·
Interest Income ·····$7M$6M$16M·
Other Non-op $282.0K$-200.0K$2M$2M$4M$2M$3M$2M$4M
Pretax Income $-50M$-48M$-6M$41M$132M$97M$-70M$-136M·
Income Tax $-444M$52M$60M$58M$62M$133M$28M$-15M$273M
Net Income $394M$-100M$-30M$-17M$928M$-86M$-149M$-160M$-555M
EPS (Basic) $13.96$-3.13$-0.89$-0.50$23.49$-2.18$-3.80$-4.11$-14.27
EPS (Diluted) $13.96$-3.13$-0.89$-0.50$23.49$-2.19$-3.83$-4.13$-14.30
Shares (Basic) 28,234,00032,009,00034,109,00034,945,00039,501,00039,452,00039,249,00038,959,00038,858,000
Shares (Diluted) 28,234,00032,009,00034,109,00034,945,00039,501,00039,452,00039,249,00038,959,00038,858,000
EBITDA $-94M$-109M$-87M$-873.0K$97M$73M$380.0K$-161M·
资产负债表 27
指标 趋势 202520242023202220212020201920182017
Cash & Equivalents $128M$160M$363M$698M$999M$217M$163M$819M$1.36B
Short-term Investments $702M$744M$598M$474M$399M$101M$321M$1.04B$819M
Receivables $43M$54M$72M$68M$83M$88M$126M$264M$250M
Prepaid Expense $94M$84M$82M$83M$107M$107M$98M$226M$193M
Current Assets $968M$1.04B$1.12B$1.33B$1.59B$2.25B$2.02B$2.39B$2.63B
PP&E (Net) $246M$253M$269M$288M$330M$338M$338M$505M$530M
PP&E (Gross) $482M$477M$494M$521M$573M$571M$544M$852M$840M
Accum. Depreciation $236M$224M$225M$233M$243M$234M$207M$347M$310M
Goodwill $10M$47M$47M$47M$49M$48M$47M$48M$72M
Intangibles $5M$8M$2M$5M$9M$5M$10M$24M$23M
Other Non-current Assets $12M$11M$13M$19M$26M$42M$30M$44M$40M
Total Assets $1.64B$1.73B$1.88B$1.98B$2.25B$2.82B$2.69B$3.37B$3.39B
Accounts Payable $36M$36M$45M$56M$87M$108M$121M$287M$288M
Accrued Liabilities $95M$97M$104M$126M$138M$158M$158M··
Current Liabilities $334M$322M$342M$417M$503M$1.28B$1.10B$1.26B$1.16B
Capital Leases $322.0K$2M$2M$340.0K$3M$4M$83.0K··
Deferred Tax $8M$274M$262M$248M$249M$218M$96M$85M$43M
Other Non-current Liabilities ·····$4M$83.0K··
Total Liabilities $358M$812M$823M$867M$954M$1.79B$1.38B$1.82B$1.57B
Common Stock $26.0K$30.0K$34.0K$34.0K$39.0K$39.0K$39.0K$39.0K$45.0K
Paid-in Capital $784M$840M$867M$866M$965M$953M$948M··
Retained Earnings $539M$145M$245M$276M$293M$-635M$-544M$-395M$-242M
Treasury Stock $3M$5M$7M$0$19M$0·$0$144M
AOCI $-43M$-58M$-46M$-33M$51M$29M$24M$25M$38M
Stockholders' Equity $1.28B$922M$1.06B$1.11B$1.29B$347M$428M$589M$751M
Liabilities + Equity $1.64B$1.73B$1.88B$1.98B$2.25B$2.82B$2.69B$3.37B$3.39B
Shares Outstanding 26,069,00030,065,00033,049,00033,737,00038,221,00039,306,00039,269,00039,229,00038,898,000
现金流 15
指标 趋势 202520242023202220212020201920182017
Stock-based Comp $1M$-30.0K$708.0K$5M$9M$14M$2M$-12M$41M
Deferred Tax $-272M$0$0······
Amort. of Intangibles $12M$11M$14M$11M$12M$14M$39M$58M$140M
Operating Cash Flow $-5M$-48M$-26M$32M$-62M$95M$211M$84M$188M
CapEx $576.0K$1M$3M$9M$7M$6M$15M$25M$79M
Investing Cash Flow $25M$-113M$-292M$-233M$517M$420M$-443M$-459M$-715M
Debt Issued ···$0$0$92M$0$252M$122M
Net Debt Issued ···$0$0$92M$0$252M·
Stock Repurchased $54M$41M$7M$82M$17M$0$0··
Net Stock Activity $-54M$-41M$-7M$-82M$-17M····
Financing Cash Flow $-54M$-41M$-7M$-82M$-434M$94M$-513M$96M$802M
Net Change in Cash $-32M$-206M$-336M$-299M$41M$646M$-756M$-298M$317M
Taxes Paid $30M$17M$28M$40M$46M$36M$28M$39M$43M
Free Cash Flow $-5M$-49M$-29M$24M$-69M$89M$165M$-17M·
Levered FCF ··$-29M$24M$-73M$91M···
盈利能力 8
指标 趋势 202520242023202220212020201920182017
Gross Margin 77.5%72.3%75.7%73.9%75.5%71.0%46.8%43.1%·
Operating Margin -16.1%-18.3%-14.5%-0.12%11.7%9.8%0.02%-8.5%·
Net Margin 67.4%-16.8%-5.1%-2.4%111.0%-11.5%-8.1%-8.5%·
Pretax Margin -8.5%-8.1%-0.94%5.5%15.8%12.9%···
EBITDA Margin -16.1%-18.3%-14.5%-0.12%11.7%9.8%0.02%-8.5%·
ROA 23.4%-5.5%-1.6%-0.82%36.6%-3.1%-4.9%-4.8%·
ROE 35.8%-10.1%-2.8%-1.5%113.3%-22.2%-29.4%-23.9%·
ROIC 58.4%-24.7%-96.4%0.03%4.0%-8.0%···
流动性与偿付能力 3
指标 趋势 202520242023202220212020201920182017
Current Ratio 2.93.23.33.23.21.81.82.0·
Quick Ratio 2.63.03.03.02.90.31.71.8·
Interest Coverage ····13.011.8···
效率 2
指标 趋势 202520242023202220212020201920182017
Asset Turnover 0.30.30.30.30.30.30.60.6·
Receivables Turnover 12.09.58.69.89.87.17.07.1·
每股 5
指标 趋势 202520242023202220212020201920182017
Book Value / Share $49.01$30.68$32.04$32.88$33.77$8.84$10.91$15.01·
Revenue / Share $20.70$18.69$17.61$21.00$21.15$19.01$47.02$48.33·
Cash Flow / Share $-0.17$-1.50$-0.75$0.92$-1.58$2.41$5.37$2.16·
Cash / Share $4.92$5.32$10.97$20.68$26.14$5.52$7.77$20.90·
EPS (TTM) $13.96$-3.13$-0.89$-0.50$23.49$-2.19$-3.83$-4.13·
估值 (TTM) 10
指标 趋势 202520242023202220212020201920182017
Revenue TTM $584M$598M$601M$734M$836M$750M$674M$690M·
Net Income TTM $394M$-100M$-30M$-17M$928M$-86M$-149M$-160M·
Market Cap $408M$396M$328M$463M$622M$627M$439M$683M·
P/E 1.1-4.2-11.2-27.40.7-7.3-2.9-4.2·
P/S 0.70.70.50.60.70.80.71.0·
P/B 0.30.40.30.40.51.81.01.2·
P / Tangible Book 0.30.50.30.40.52.1···
P / Cash Flow -85.6-8.3-12.814.3-10.06.62.18.1·
P / FCF -76.4-8.0-11.419.5-9.07.12.7-40.0·
Earnings Yield 89.3%-23.8%-9.0%-3.6%144.3%-13.7%-34.3%-23.7%·

最近期在左侧 · 空值显示为 ·

财务报表 损益表、资产负债表、现金流量表 — 年度，近5年

16
指标 2025-12-312024-12-312023-12-312022-12-312021-12-31
收入 $584M $598M $601M $734M $836M
毛利率 % 77.5% 72.3% 75.7% 73.9% 75.5%
营业利润率 % -16.1% -18.3% -14.5% -0.12% 11.7%
净收入 $394M $-100M $-30M $-17M $928M
稀释后每股收益 (EPS) $13.96 $-3.13 $-0.89 $-0.50 $23.49

机构持有人 (13F) 52 家申报者 · $95.2M 总计 · 截至 2026年9月30日

17

在其季度SEC表格13F中报告持有此股票的机构。仅限多头头寸；单个申报人可能因单独的期权腿而出现两次。 大的抵消性看跌/看涨腿通常反映做市或对冲库存，而非方向性判断。

持有人 52
持有价值 $95.2M
新仓位 9
已退出持仓 9
机构活动 — Q2 2026 与上一季度对比
新仓位 已退出持仓 增加 减少 净股数变动
9 (0 与上一季度对比) 9 (+7 与上一季度对比) 7 (-2 与上一季度对比) 20 (+4 与上一季度对比) -878K

与Q1 2026对比。 SEC 13F表格的提交截止日期是季度末后45天，外加少量延迟提交的缓冲期——在此窗口期内的季度将被跳过，优先显示最近一个已完整报告的季度对。

机构 价值 股份 % 已追踪的13F 类型
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. $32661000 2694810 34.30% 股份
Maso Capital Partners Ltd $14164781 906256 14.88% 股份
VANGUARD GROUP INC $12172362 778284 12.78% 股份
RENAISSANCE TECHNOLOGIES LLC $9378601 773812 9.85% 股份
VANGUARD CAPITAL MANAGEMENT LLC $6128963 505690 6.44% 股份
Connor, Clark & Lunn Investment Management Ltd. $3085619 254589 3.24% 股份
D. E. Shaw & Co., Inc. $2201186 181616 2.31% 股份
AMERICAN CENTURY COMPANIES INC $1743450 143849 1.83% 股份
VANGUARD FIDUCIARY TRUST CO $1614275 133191 1.70% 股份
E Fund Management (Hong Kong) Co., Ltd. $1266807 104522 1.33% 股份
E Fund Management Co., Ltd. $1266807 104522 1.33% 股份
UBS Group AG $1239027 102230 1.30% 股份
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO $1220569 100707 1.28% 股份
MORGAN STANLEY $812416 67031 0.85% 股份
DIMENSIONAL FUND ADVISORS LP $739495 60950 0.78% 股份
Russell Investments Group, Ltd. $713996 58143 0.75% 股份
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $681520 56231 0.72% 股份
STATE STREET CORP $529862 43718 0.56% 股份
CITADEL ADVISORS LLC $507780 41896 0.53% 股份
GOLDMAN SACHS GROUP INC $447337 36909 0.47% 股份
JANE STREET GROUP, LLC $434926 35885 0.46% 股份
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS $399112 32930 0.42% 股份
XTX Topco Ltd $355807 29357 0.37% 股份
California Public Employees Retirement System $349504 28837 0.37% 股份
GEODE CAPITAL MANAGEMENT, LLC $268033 22115 0.28% 股份
Invesco Ltd. $203604 16799 0.21% 股份
Trexquant Investment LP $163099 13457 0.17% 股份
Vident Advisory, LLC $121697 10041 0.13% 股份
BNP PARIBAS FINANCIAL MARKETS $80222 6619 0.08% 股份
NEW YORK STATE COMMON RETIREMENT FUND $53122 4383 0.06% 股份
JPMORGAN CHASE & CO $45939 3741 0.05% 股份
VANGUARD ASSET MANAGEMENT, Ltd $37742 3114 0.04% 股份
RHUMBLINE ADVISERS $23366 1928 0.02% 股份
CITIGROUP INC $20907 1725 0.02% 股份
EverSource Wealth Advisors, LLC $17683 1459 0.02% 股份
FIDEURAM - INTESA SANPAOLO PRIVATE BANKING S.P.A. $12920 1000 0.01% 股份
Federation des caisses Desjardins du Quebec $12791 1056 0.01% 股份
Rockefeller Capital Management L.P. $12120 1000 0.01% 股份
ACADIAN ASSET MANAGEMENT LLC $11060 914937 0.01% 股份
WELLS FARGO & COMPANY/MN $6064 500 0.01% 股份
BlackRock, Inc. $2376 196 0.00% 股份
Farther Finance Advisors, LLC $1938 150 0.00% 股份
Center for Financial Planning, Inc. $1212 100 0.00% 股份
OSAIC HOLDINGS, INC. $666 55 0.00% 股份
SIMPLEX TRADING, LLC $399 33 0.00% 股份
IFP Advisors, Inc $323 25 0.00% 股份
GSA CAPITAL PARTNERS LLP $129 10666 0.00% 股份
SBI Securities Co., Ltd. $65 5 0.00% 股份
Caitong International Asset Management Co., Ltd $48 4 0.00% 股份
JONES FINANCIAL COMPANIES LLLP $47 4 0.00% 股份

显示全部 52 个机构持有人 →

激进投资者及 5%+ 股东 3 持仓

18

提交了 SEC Schedule 13D 的投资者 — 持有超过 5% 的受益所有权，意图影响发行人（激进股东持股、董事会活动、并购）。每一行显示该申报人持仓的最新已知状态。

申报人 已申报 持股 状态 目的 申报
Charles Zhang ×9 申报 2024年12月30日 37.90% 修订 被动投资 SEC
Photon Group Limited ×7 申报 2022年9月16日 · 初始申报 被动投资 SEC
Sohu.com Limited, Sohu.com (Search) Limited ×2 申报 2021年9月29日 · 初始申报 · SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF持仓 由 7 只交易所交易基金持有

20

权重仅反映直接股权持仓（N-PORT）；杠杆基金或基于衍生品的基金可能持有未显示的额外掉期敞口。

基金 权重 单位 截至 来源
PGJ · Invesco Exchange-Traded Fund Trust 0.26% 16048 SH 2026年10月23日 每日
APIE · Trust for Professional Managers 0.02% 15517 NS 2026年8月31日 N-PORT
VXUS · VANGUARD STAR FUNDS 0.00% 229668 SH 2026年8月19日 每日
VWO · VANGUARD INTERNATIONAL EQUITY IND... 0.00% 206782 SH 2026年8月19日 每日
VT · VANGUARD INTERNATIONAL EQUITY IND... 0.00% 16045 SH 2026年8月19日 每日
VSS · VANGUARD INTERNATIONAL EQUITY IND... 0.00% 49695 SH 2026年8月19日 每日
VSGX · VANGUARD WORLD FUND 0.00% 3500 SH 2026年8月19日 每日

SOHU 分析师共识 看涨和看跌分析师观点、12个月价格目标、上涨空间

21
评级 · 8 位分析师 买入
中位数目标 $19.50 +54.6%
4 50.0% 强烈买入
3 37.5% 买入
1 12.5% 持有
0 0.0% 卖出
0 0.0% 强烈卖出

12个月价格目标

2 位分析师 · 2026-10-21

平均目标 $19.50 +54.6%

← 低于所有目标 当前价格 $12.61
最低$19.00 平均值$19.50 最高$20.00

同行比较（GICS 子行业） 关键指标与行业同行对比

22

财年依据，价格截至各公司上一个财年末收盘价。

股票代码 市值 P/E 营收同比增长 净利润率 ROE 毛利率
SOHU $408M 1.1 · 67.4% 35.8% 77.5%
HUYA · -5.9 · -1.7% -1.8% 13.4%
DOYU $205M -7.1 · -0.76% -0.94% 12.8%

最新新闻 提及该公司的近期头条新闻

23
搜狐第一季度亏损 Nasdaq ·

我的指标 您的个人关注列表 — 来自完整基本面的选定行

26

选择对您重要的指标 — 点击上方完整基本面中任意行的 + 号。

您的选择已保存，并会跟随您浏览所有股票。

来源：SEC 20-F 于 三月 12, 2026 申报