Hesai (HSAI) Net Margin (2021 - 2026)
Hesai's (HSAI) quarterly Net Margin came in at 2.69% in Q1 2026, up 603.0% YoY from 0.38% in Q1 2025, and down 82.42% on a QoQ basis from 15.31% in Q4 2025.
Hesai (HSAI) Net Margin (2021 - 2026) Analysis & Trends
Hesai (HSAI) has 6 years of Net Margin data on file, last reported at 2.69% in Q1 2026.
- Quarterly Net Margin rose 603.0% year-over-year to 2.69% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 14.75% (up 1547.0% YoY) and the FY2025 annual result came in at 14.4%, up 1933.0% from the prior year.
- Net Margin eased to 2.69% in Q1 2026, from 15.31% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 32.21% in Q3 2025 to a low of 125.72% in Q2 2022.
- A 5-year average of 20.9% and a median of 16.89% in 2023 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2023 — Net Margin jumped 10883 bps — and 2025, when it slumped 511 bps.
- Tracing HSAI's Net Margin over 5 years: stood at 33.16% in 2022, then advanced by 24 bps to 25.11% in 2023, then surged by 181 bps to 20.42% in 2024, then slipped by 25 bps to 15.31% in 2025, then slumped by 82 bps to 2.69% in 2026.
- The last three Net Margin figures came in at 2.69% (Q1 2026), 15.31% (Q4 2025), and 32.21% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | O Reilly Automotive | 73.55 Bn | 73.29 Bn | 2.52 Bn | 14.62% |
| 2 | Autozone | 48.72 Bn | 48.46 Bn | 2.52 Bn | 13.25% |
| 3 | Magna International | 20.02 Bn | 18.59 Bn | 1.61 Bn | 4.36% |
| 4 | Genuine Parts | 18.44 Bn | 17.88 Bn | 2.47 Bn | 3.48% |
| 5 | Borgwarner | 13.74 Bn | 11.29 Bn | 721.00 Mn | 7.98% |
| 6 | Allison Transmission Holdings | 11.11 Bn | 10.71 Bn | 515.00 Mn | 11.56% |
| 7 | Modine Manufacturing | 10.43 Bn | 10.36 Bn | - | - |
| 8 | Aptiv | 10.21 Bn | 9.45 Bn | 775.00 Mn | 8.06% |
| 9 | Autoliv | 9.27 Bn | 8.90 Bn | 509.00 Mn | 3.60% |
| 10 | Hesai | 2.66 Bn | 2.65 Bn | 38.57 Mn | 0.00% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.69% |
| Dec 31, 2025 | 15.31% |
| Sep 30, 2025 | 32.21% |
| Jun 30, 2025 | 6.24% |
| Mar 31, 2025 | -3.34% |
| Dec 31, 2024 | 20.42% |
| Sep 30, 2024 | -13.04% |
| Jun 30, 2024 | -15.70% |
| Mar 31, 2024 | -29.77% |
| Dec 31, 2023 | -25.11% |
| Sep 30, 2023 | -31.82% |
| Jun 30, 2023 | -16.89% |
| Mar 31, 2023 | -27.66% |
| Dec 31, 2022 | -33.16% |
| Sep 30, 2022 | -85.14% |
| Jun 30, 2022 | -125.72% |
| Mar 31, 2022 | -24.85% |
| Dec 31, 2021 | -28.56% |