Side by sideXiaomi (1810.HK) and Lenovo (0992.HK)Memos of October 14, 2026 and October 15, 2026
Xiaomi vs Lenovo stock: the numbers side by side (October 2026)
How do Xiaomi and Lenovo compare?
| Xiaomi 1810.HK | Lenovo 0992.HK | |
|---|---|---|
| Revenue growth | 25.0%2025 | 20.3%Mar 2026 |
| Operating margin | 10.5%2025 | 3.9%Mar 2026 |
| Free cash flow | 17,695.958RMB millions · 2025 | 2,062.673US$ millions · Mar 2026 |
| Free cash flow yield | 3.0%Today (Oct 14, 2026) | 4.9%Today (Oct 15, 2026) |
| Dividend yield | 0.0%Today (Oct 14, 2026) | 1.6%Today (Oct 15, 2026) |
| P/E, last 12 months | 18.1xToday (Oct 14, 2026) | 63.9xToday (Oct 15, 2026) |
| P/E, next 12 months | 18.6xToday (Oct 14, 2026) | 15.1xToday (Oct 15, 2026) |
| Weighted price forecast, about 1 year | 3.01 (-89 %)October 2027 | 32.03 (+25 %)October 2027 |
| Weighted price forecast, about 3 years | 3.57 (-86 %)October 2029 | 31.90 (+28 %)October 2029 |
Who leads on what?
| Leads | The lead is | |
|---|---|---|
| Revenue growth | Xiaomi | The higher figure |
| Operating margin | Xiaomi | The higher figure |
| Free cash flow | — | The higher figure |
| Free cash flow yield | Lenovo | The higher figure |
| Dividend yield | Lenovo | The higher figure |
| P/E, last 12 months | Xiaomi | The lower figure |
| P/E, next 12 months | Lenovo | The lower figure |
| Weighted price forecast, about 1 year | Lenovo | The higher weighted return |
| Weighted price forecast, about 3 years | Lenovo | The higher weighted return |
What does each company do?
Xiaomi sells smartphones, connected-home products and smart EVs to consumers through online and physical retail, and to distributors that resell them.
Xiaomi (1810.HK), from our memo of October 14, 2026 · Xiaomi stock forecast
Lenovo sells PCs (personal computers), phones, tablets and workplace devices to consumers and organizations.
Lenovo (0992.HK), from our memo of October 15, 2026 · Lenovo stock forecast