Company Analysis

Atour Lifestyle Holdings Limited (ATAT)

Nasdaq: ATAT · Hotels & Motels · Shanghai, CN · filing with the SEC since 2021
Grade7.0
◀ Past 6.9● Present 6.8▶ Future 7.4
1 est.

The grade of Atour Lifestyle Holdings Limited

Nine metrics read from its own filings, by tense
Headline grade
7.0/10
◀ Past6.930% of the headline
● Present6.840% of the headline
▶ Future7.430% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.9/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
6.8/10

Has it survived what it has been through?

No warning events in its filings since 2021.

weight 33% of this tense · 68th percentile among 28 sector filers · read for itself

From the record

Atour Lifestyle Holdings Limited's filings since 2021 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
9.4/10

What has it actually done, year after year?

+44.3% a year over 6 filed years; profitable in 6 of 6.

weight 45% of this tense · 94th percentile among 27 sector filers · read for its customers

From the record

Atour Lifestyle Holdings Limited's 6 filed years say what it did: revenue went from CNY 1.6 billion in fiscal 2020 to CNY 9.8 billion in fiscal 2025, up 44.3% a year; it rose in 5 of 5 years; it never fell from a peak; net income was positive in 6 of 6 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span44.3%top 6% of its family
  • the share of years revenue rosetop 6% of its family
  • the share of filed years with a profittop 7% of its family
  • the deepest fall from a revenue peak0.0%top 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
1.8/10

How has it treated the people who own it?

Share count grew 3.2% a year. 30% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 22% of this tense · 18th percentile among 23 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Atour Lifestyle Holdings Limited's diluted share count grew about 3.2% a year, and dividends and buybacks returned about 30% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 6% of its family
  • cash returned against operating cash flowbottom 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.8/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
5.5/10

Is it financially healthy right now?

ROE 45%: 45¢ of profit per shareholder dollar. Leverage 61%: owes 61¢ per asset dollar.

weight 33% of this tense · 55th percentile among 26 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Atour Lifestyle Holdings Limited earned about 45 cents of profit for every dollar of shareholders' money. Leverage: it owed about 61 cents per dollar of assets, and net share issuance: its share count grew 0.5% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 20% of its family
  • return on equitytop 24% of its family
  • the share count against the year beforebottom 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
8.7/10

How strong is its position in its industry?

top 13% of 27 in its family; net margin 16.6%.

weight 45% of this tense · 87th percentile among 27 sector filers · read for its customers

From the record

Atour Lifestyle Holdings Limited's standing among 27 graded names in its industry family: revenue of CNY 9.8 billion in fiscal 2025 is not ranked by size, since the family reports in another currency; a net margin of 16.6% ranks in the top 17%; revenue growth of 62.9% a year over the last 3 filed years ranks in the top 9% (its annual reports).

What it rests on

  • net margin16.6%top 17% of its family
  • three-year revenue growth62.9%top 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.0/10

What are the people in charge doing?

SI estimate 5.0/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 21 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-16 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 21 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-16 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 21 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Atour Lifestyle Holdings Limited's leadership is put at 5.0 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-16 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 21 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

7.4/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
6.9/10

How much room does it have to grow?

top 31% of 26 in its family for room to expand.

weight 22% of this tense · 69th percentile among 26 sector filers · read for itself

From the record

Atour Lifestyle Holdings Limited's room to grow, from the newest filed statements (fiscal 2025): cash of CNY 3.3 billion against debt of CNY 2 million leaves 36.2% of its assets as net cash, top 2% of its family; cash from operations less capital spending is 19.5% of revenue (top 17%); research spending of 1.8% of revenue (bottom 25%) (its annual report).

What it rests on

  • cash less debt against assets36.2%top 2% of its family
  • cash from operations less capital spending against revenue19.5%top 17% of its family
  • research spending against revenue1.8%bottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
8.4/10

What could actually drive growth from here?

top 15% of 27 in its family for growth drivers.

weight 45% of this tense · 85th percentile among 27 sector filers · read for its customers

From the record

Atour Lifestyle Holdings Limited's growth drivers, from the filed years to fiscal 2025: revenue grew 62.9% a year over the last three filed years against 44.3% over all 6, speeding up (top 17% of its family); the newest year grew 35.1% (top 6%); research spending grew 39% a year (top 25%); capital spending grew 33% a year (top 15%) (its annual reports). Atour Lifestyle Holdings Limited reported 4 product lines in fiscal 2025: Manachised Hotels at CNY 5.3 billion (54%), Retail Revenues at CNY 3.7 billion (38%), Leased Hotels at CNY 590 million (6%), and 1 more; 3 of 4 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+18.7 points a yeartop 17% of its family
  • the newest year's revenue growth35.1%top 6% of its family
  • three-year growth of research spending39.0%top 25% of its family
  • three-year growth of capital spending33.0%top 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.2/10

Did its newest year beat what its own record pointed to?

top 38% of 27 in its family for expectations against reality.

weight 33% of this tense · 62nd percentile among 27 sector filers · read for its shareholders

From the record

Atour Lifestyle Holdings Limited's newest year against its own record: revenue of CNY 9.8 billion in fiscal 2025 came in 24.5% below the CNY 13 billion its prior three years' pace pointed to (bottom 24% of its family); net income of CNY 1.6 billion against a prior three-year average of CNY 704 million (top 13%); a net margin of 16.6% against 12.6% before (top 24%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-24.5%bottom 24% of its family
  • net income against the prior three years' average+130%top 13% of its family
  • net margin against its prior average+4.0 pointstop 24% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton ATAT · research, not advice