PerpEquities

Equity · Consumer defensive

Kweichow Moutai Co., Ltd. (MOUTAI) perpetual futures

MOUTAI perpetual futures on 1 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade MOUTAIUSDT.

Kweichow Moutai Co., Ltd. produces and globally distributes wine and distilled spirits, mainly Maotai liquor in vintage, standard and other selections; founded in 1999 and based in Renhuai, China.

$186.03-1.1%
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venue perp mark · Gate.io (MOUTAI/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

1/1 live markets
Venues
1
Live markets
1/1
24h volume
$334
Open interest
$12.4K
Best liquidity
-
Tightest spread
+169.5 bps
Gate.io
Highest volume
$334
Gate.io
Settlement mix
USDT · 1/1
Perp/spot vol.
0.00x
Spot volume $581.1M
OI / float
0.00%
Float $100.7B
Spot performance
1D-1.14%
5D-2.06%
1M-5.19%
6M-12.10%
YTD-10.18%
1Y-14.22%

Venue matrix

1 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
Gate.ioTradeMOUTAI/USDTTrading$186.030.0% APR
0.000% every 8h
+169.5 bps-$334$12.4KUSDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

No sufficient depth · 0 of 1 venues absorb $10k

No fresh book data: Gate.io

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

-
No live data-

Tightest spread

MOUTAI

Highest volume

MOUTAI

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 1h ago
Market cap
$229.8B
Updated 1h ago
Revenue
$25.8B
Trailing 12 months
Revenue growth
+22%
Next fiscal year
Profit margin
+47.0%
P/E
19.0
Peer P/E 24.1
Free cash flow
$17.4B
Trailing 12 months
More metrics
Net income
$12.1B
Trailing 12 months
P/S
8.9
Peer P/E
24.1
Similar listed perps
Revenue estimate
$26.3B
Next fiscal year
Earnings
2026-10-19
Revenue est. $6.1B · Updated 1h ago
Dividend
¥28.024
2026-06-26

Fundamental detail

Annual + quarterly
Latest revenue$21.6B
Net margin+56.7%
Free cash flow$8.7B
Net debt-$5B
2020$12.5B
2021$14B
2022$16.2B
2023$19.1B
2024$25.9B
2025$21.6B
PeriodRevenueGrowthNet incomeFCF
2020$12.5B+10%$6.9B$7.4B
2021$14B+12%$7.8B$9B
2022$16.2B+16%$9.3B$4.7B
2023$19.1B+18%$11.1B$9.5B
2024$25.9B+36%$12.8B$13.1B
2025$21.6B-17%$12.2B$8.7B
PeriodGross marginOperating marginNet marginROEROA
2020+89.6%+78.9%+55.5%+28.9%+21.8%
2021+89.7%+78.3%+55.7%+27.7%+20.6%
2022+90.0%+79.2%+57.5%+31.8%+24.6%
2023+90.0%+79.4%+58.2%+34.7%+27.4%
2024+92.1%+68.7%+49.5%+37.0%+28.8%
2025+88.9%+78.4%+56.7%+33.6%+27.1%
PeriodCashDebtNet debtCurrent ratio
2020$5.4B$2.2B-$3.2B4.05
2021$7.7B$3.3B-$4.4B3.81
2022$8.7B$2B-$6.7B4.41
2023$10.3B$1.8B-$8.4B4.62
2024$8.8B$3.5B-$5.3B4.45
2025$7.7B$2.7B-$5B5.09
PeriodMarket capEnterprise valueP/SP/E
2020$373.3B$370.2B29.853.8
2021$383.1B$378.7B27.349.1
2022$322.7B$316B19.934.6
2023$314.9B$306.4B16.528.3
2024$284.8B$279.5B11.022.2
2025$256.8B$251.8B11.921.0
Q3 2024$5.9B
Q4 2024$7.6B
Q1 2025$6.6B
Q2 2025$5.9B
Q3 2025$5.9B
Q4 2025$6.1B
Q1 2026$8.1B
Q2 2026$5.6B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$5.9B+37%$2.8B$965.9M
Q4 2024$7.6B+31%$3.8B$6.9B
Q1 2025$6.6B+13%$4B$1.2B
Q2 2025$5.9B+29%$2.8B$538.5M
Q3 2025$5.9B0%$2.9B$3.6B
Q4 2025$6.1B-19%$2.6B$3.3B
Q1 2026$8.1B+24%$4.1B$3.9B
Q2 2026$5.6B-5%$2.6B$6.5B
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+91.2%+66.7%+48.2%+8.0%+6.7%
Q4 2024+93.0%+70.0%+49.8%+10.9%+8.5%
Q1 2025+90.7%+83.0%+60.6%+10.4%+8.6%
Q2 2025+90.6%+64.9%+46.8%+7.8%+6.3%
Q3 2025+91.3%+66.7%+48.3%+7.5%+6.3%
Q4 2025+91.0%+60.9%+43.0%+7.2%+5.8%
Q1 2026+89.8%+68.4%+49.8%+10.1%+8.5%
Q2 2026+89.1%+63.1%+46.0%+6.9%+5.6%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$8.9B$1.9B-$7B6.16
Q4 2024$8.8B$3.5B-$5.3B4.45
Q1 2025$7.8B$2.3B-$5.5B6.07
Q2 2025$7.7B$3.1B-$4.6B5.73
Q3 2025$7.7B$2.2B-$5.5B6.62
Q4 2025$7.7B$2.7B-$5B5.09
Q1 2026$7.3B$2.5B-$4.7B7.06
Q2 2026$8B$3.8B-$4.1B5.59
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$326.6B$319.6B55.428.7
Q4 2024$284.8B$279.5B37.518.8
Q1 2025$291.6B$286.1B44.318.3
Q2 2025$262.9B$258.3B44.623.8
Q3 2025$269.1B$263.6B45.423.5
Q4 2025$256.4B$251.5B41.924.4
Q1 2026$270B$265.3B33.216.7
Q2 2026$220.6B$216.4B39.521.5

Refreshed 1h ago

Charts: revenue, profit, cash flow & valuation
Revenue$5.6BQ2 2026
$2B$4.1B$6.1B$8.1BQ3 2023: $4.3BQ4 2023: $5.8BQ1 2024: $5.8BQ2 2024: $4.6BQ3 2024: $5.9BQ4 2024: $7.6BQ1 2025: $6.6BQ2 2025: $5.9BQ3 2025: $5.9BQ4 2025: $6.1BQ1 2026: $8.1BQ2 2026: $5.6BQ3 2023Q2 2026
Net income$2.6BQ2 2026
$1B$2B$3B$4.1BQ3 2023: $2.5BQ4 2023: $3.3BQ1 2024: $3.6BQ2 2024: $2.6BQ3 2024: $2.8BQ4 2024: $3.8BQ1 2025: $4BQ2 2025: $2.8BQ3 2025: $2.9BQ4 2025: $2.6BQ1 2026: $4.1BQ2 2026: $2.6BQ3 2023Q2 2026
EBITDA$3.6BQ2 2026
$1.4B$2.8B$4.2B$5.6BQ3 2023: $3.5BQ4 2023: $4.6BQ1 2024: $5BQ2 2024: $3.7BQ3 2024: $4BQ4 2024: $5.4BQ1 2025: $5.6BQ2 2025: $3.9BQ3 2025: $4BQ4 2025: $3.8BQ1 2026: $5.6BQ2 2026: $3.6BQ3 2023Q2 2026
Free cash flow$6.5BQ2 2026
$1.7B$3.4B$5.2B$6.9BQ3 2023: $2.8BQ4 2023: $2.4BQ1 2024: $1.3BQ2 2024: $4BQ3 2024: $965.9MQ4 2024: $6.9BQ1 2025: $1.2BQ2 2025: $538.5MQ3 2025: $3.6BQ4 2025: $3.3BQ1 2026: $3.9BQ2 2026: $6.5BQ3 2023Q2 2026
EPS$2.05Q2 2026
$0.81$1.62$2.43$3.24Q3 2023: $2Q4 2023: $2.59Q1 2024: $2.85Q2 2024: $2.09Q3 2024: $2.27Q4 2024: $3.01Q1 2025: $3.18Q2 2025: $2.2Q3 2025: $2.28Q4 2025: $2.1Q1 2026: $3.24Q2 2026: $2.05Q3 2023Q2 2026
Cash / Debt$8BQ2 2026
$2.8B$5.5B$8.3B$11BQ3 2023 · Cash: $10.5BQ3 2023 · Debt: $1.5BQ4 2023 · Cash: $10.3BQ4 2023 · Debt: $1.8BQ1 2024 · Cash: $11BQ1 2024 · Debt: $1.3BQ2 2024 · Cash: $8.5BQ2 2024 · Debt: $3.6BQ3 2024 · Cash: $8.9BQ3 2024 · Debt: $1.9BQ4 2024 · Cash: $8.8BQ4 2024 · Debt: $3.5BQ1 2025 · Cash: $7.8BQ1 2025 · Debt: $2.3BQ2 2025 · Cash: $7.7BQ2 2025 · Debt: $3.1BQ3 2025 · Cash: $7.7BQ3 2025 · Debt: $2.2BQ4 2025 · Cash: $7.7BQ4 2025 · Debt: $2.7BQ1 2026 · Cash: $7.3BQ1 2026 · Debt: $2.5BQ2 2026 · Cash: $8BQ2 2026 · Debt: $3.8BQ3 2023Q2 2026
CashDebt
Profitability+89.1%Q2 2026
+23.3%+46.5%+69.8%+93.0%Q3 2023 · Gross margin: +89.3%Q4 2023 · Gross margin: +90.9%Q1 2024 · Gross margin: +90.8%Q2 2024 · Gross margin: +88.2%Q3 2024 · Gross margin: +91.2%Q4 2024 · Gross margin: +93.0%Q1 2025 · Gross margin: +90.7%Q2 2025 · Gross margin: +90.6%Q3 2025 · Gross margin: +91.3%Q4 2025 · Gross margin: +91.0%Q1 2026 · Gross margin: +89.8%Q2 2026 · Gross margin: +89.1%Q3 2023 · Operating margin: +78.9%Q4 2023 · Operating margin: +77.0%Q1 2024 · Operating margin: +83.1%Q2 2024 · Operating margin: +78.1%Q3 2024 · Operating margin: +66.7%Q4 2024 · Operating margin: +70.0%Q1 2025 · Operating margin: +83.0%Q2 2025 · Operating margin: +64.9%Q3 2025 · Operating margin: +66.7%Q4 2025 · Operating margin: +60.9%Q1 2026 · Operating margin: +68.4%Q2 2026 · Operating margin: +63.1%Q3 2023 · Net margin: +58.5%Q4 2023 · Net margin: +56.0%Q1 2024 · Net margin: +61.3%Q2 2024 · Net margin: +57.5%Q3 2024 · Net margin: +48.2%Q4 2024 · Net margin: +49.8%Q1 2025 · Net margin: +60.6%Q2 2025 · Net margin: +46.8%Q3 2025 · Net margin: +48.3%Q4 2025 · Net margin: +43.0%Q1 2026 · Net margin: +49.8%Q2 2026 · Net margin: +46.0%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth-5.2%Q2 2026
-5.2%+9.0%+23.1%+37.3%Q3 2024: +37.3%Q4 2024: +30.7%Q1 2025: +12.7%Q2 2025: +29.3%Q3 2025: +0.3%Q4 2025: -19.3%Q1 2026: +23.5%Q2 2026: -5.2%Q3 2023Q2 2026
Shares outstanding1.3BQ2 2026
314M628.1M942.1M1.3BQ3 2023: 1.3BQ4 2023: 1.3BQ1 2024: 1.3BQ2 2024: 1.3BQ3 2024: 1.3BQ4 2024: 1.3BQ1 2025: 1.3BQ2 2025: 1.3BQ3 2025: 1.3BQ4 2025: 1.3BQ1 2026: 1.3BQ2 2026: 1.3BQ3 2023Q2 2026
Valuation21.5Q2 2026
19.539.158.678.2Q3 2023 · P/E: 33.4Q4 2023 · P/E: 24.2Q1 2024 · P/E: 22.5Q2 2024 · P/E: 25.7Q3 2024 · P/E: 28.7Q4 2024 · P/E: 18.8Q1 2025 · P/E: 18.3Q2 2025 · P/E: 23.8Q3 2025 · P/E: 23.5Q4 2025 · P/E: 24.4Q1 2026 · P/E: 16.7Q2 2026 · P/E: 21.5Q3 2023 · P/S: 78.2Q4 2023 · P/S: 54.2Q1 2024 · P/S: 55.0Q2 2024 · P/S: 59.0Q3 2024 · P/S: 55.4Q4 2024 · P/S: 37.5Q1 2025 · P/S: 44.3Q2 2025 · P/S: 44.6Q3 2025 · P/S: 45.4Q4 2025 · P/S: 41.9Q1 2026 · P/S: 33.2Q2 2026 · P/S: 39.5Q3 2023Q2 2026
P/EP/S
Revenue$21.6B2025
$6.5B$13B$19.4B$25.9B2018: $9.8B2019: $11.3B2020: $12.5B2021: $14B2022: $16.2B2023: $19.1B2024: $25.9B2025: $21.6B20182025
Net income$12.2B2025
$3.2B$6.4B$9.6B$12.8B2018: $5.2B2019: $6.1B2020: $6.9B2021: $7.8B2022: $9.3B2023: $11.1B2024: $12.8B2025: $12.2B20182025
EBITDA$17.4B2025
$4.5B$9.1B$13.6B$18.1B2018: $7.7B2019: $8.9B2020: $10B2021: $11.3B2022: $13.3B2023: $15.7B2024: $18.1B2025: $17.4B20182025
Free cash flow$8.7B2025
$3.3B$6.5B$9.8B$13.1B2018: $5.9B2019: $6.3B2020: $7.4B2021: $9B2022: $4.7B2023: $9.5B2024: $13.1B2025: $8.7B20182025
EPS$9.772025
$2.55$5.11$7.66$10.22018: $4.172019: $4.882020: $5.532021: $6.212022: $7.432023: $8.852024: $10.22025: $9.7720182025
Cash / Debt$7.7B2025
$2.6B$5.1B$7.7B$10.3B2018 · Cash: $1.4B2018 · Debt: $1.7B2019 · Cash: $2B2019 · Debt: $1.6B2020 · Cash: $5.4B2020 · Debt: $2.2B2021 · Cash: $7.7B2021 · Debt: $3.3B2022 · Cash: $8.7B2022 · Debt: $2B2023 · Cash: $10.3B2023 · Debt: $1.8B2024 · Cash: $8.8B2024 · Debt: $3.5B2025 · Cash: $7.7B2025 · Debt: $2.7B20182025
CashDebt
Profitability+88.9%2025
+23.0%+46.0%+69.1%+92.1%2018 · Gross margin: +89.3%2019 · Gross margin: +89.5%2020 · Gross margin: +89.6%2021 · Gross margin: +89.7%2022 · Gross margin: +90.0%2023 · Gross margin: +90.0%2024 · Gross margin: +92.1%2025 · Gross margin: +88.9%2018 · Operating margin: +77.9%2019 · Operating margin: +77.6%2020 · Operating margin: +78.9%2021 · Operating margin: +78.3%2022 · Operating margin: +79.2%2023 · Operating margin: +79.4%2024 · Operating margin: +68.7%2025 · Operating margin: +78.4%2018 · Net margin: +53.4%2019 · Net margin: +54.1%2020 · Net margin: +55.5%2021 · Net margin: +55.7%2022 · Net margin: +57.5%2023 · Net margin: +58.2%2024 · Net margin: +49.5%2025 · Net margin: +56.7%20182025
Gross marginOperating marginNet margin
Revenue growth-16.6%2025
-3.5%+9.5%+22.6%+35.7%2019: +15.5%2020: +10.5%2021: +12.0%2022: +15.8%2023: +17.7%2024: +35.7%2025: -16.6%20182025
Shares outstanding1.3B2025
314.1M628.2M942.3M1.3B2018: 1.3B2019: 1.3B2020: 1.3B2021: 1.3B2022: 1.3B2023: 1.3B2024: 1.3B2025: 1.3B20182025
Valuation21.02025
13.426.940.353.82018 · P/E: 21.42019 · P/E: 36.12020 · P/E: 53.82021 · P/E: 49.12022 · P/E: 34.62023 · P/E: 28.32024 · P/E: 22.22025 · P/E: 21.02018 · P/S: 11.42019 · P/S: 19.52020 · P/S: 29.82021 · P/S: 27.32022 · P/S: 19.92023 · P/S: 16.52024 · P/S: 11.02025 · P/S: 11.920182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-10-19
Revenue est. $6.1B · Updated 1h ago
Dividend
¥28.024
2026-06-26

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202667.29$26.3B+22%17
FY 202771.93$27.9B+29%18
FY 202876.65$29.6B+37%22
FY 202995.84$35.8B+66%13
Q2 202614.83$6B+1%3
Q3 202615.31$6.1B+4%2

Company events

6
2026-10-19EarningsActual - / Estimate 15.37-
2026-08-15EarningsActual 13.8 / Estimate 14.78Miss
2026-06-26Dividend¥28.024-
2026-04-24EarningsActual 21.76 / Estimate 22.01Miss
2026-04-17EarningsActual 14.1 / Estimate 18.61Miss
2025-12-19Dividend¥23.957-

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering MOUTAI have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings00
Analysts00
Buy / hold / sell
Upgrades / downgrades / initiations0 / 0 / 00 / 0 / 0
Price targets hit / missed
Avg. return after a rating (TipRanks)
Best / worst call / /

After buy calls on this stock: not enough measured cases yet

TipRanks data via FMP · computed Sep 24, 2026 · 0 ratings

Frequently asked questions

Where can I trade MOUTAI perpetual futures?

Kweichow Moutai Co., Ltd. (MOUTAI) perpetual futures trade on 1 crypto venues, including Gate.io. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade MOUTAI around the clock?

Yes. Unlike the underlying stock, MOUTAI perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on MOUTAI perpetuals?

Right now the MOUTAI perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to 0.0% across 1 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the MOUTAI perp price compare to the Kweichow Moutai Co., Ltd. stock?

The venue-median MOUTAI perp mark is $186 versus a reference stock price of $186, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a MOUTAI perpetual future?

A MOUTAI perpetual is a derivative that tracks the price of Kweichow Moutai Co., Ltd. with no expiry date. It lets you take long or short exposure to Kweichow Moutai Co., Ltd. on crypto venues, around the clock.

What is MOUTAIUSDT perpetual?

MOUTAIUSDT is the symbol most crypto exchanges use for the Kweichow Moutai Co., Ltd. perpetual settled in USDT (Tether). It tracks the MOUTAI share price through an index, trades 24/7 with leverage and never expires.

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