Hesai (HSAI) Net Margin (2021 - 2026)
Hesai (HSAI) reported Net Margin of 2.69% for Q1 2026, up 603.0% on a YoY basis from 0.38% in Q1 2025, and down 82.17% quarter-over-quarter from 15.09% in Q4 2025.
Hesai (HSAI) Net Margin (2021 - 2026) Analysis & Trends
Hesai has reported Net Margin for 6 years, with the latest figure at 2.69% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin rose 603.0% year-over-year to 2.69%; the trailing twelve-month figure through Mar 2026 stood at 14.69% (up 1530.0% YoY), and the FY2025 full-year result was 14.4%, up 1933.0% from the prior year.
- Net Margin for Q1 2026 stood at 2.69%, down from 15.09% in the prior quarter.
- The five-year high for Net Margin was 32.21% in Q3 2025, with the low at 125.72% in Q2 2022.
- Historically, Net Margin has averaged 20.9% across 5 years, with a median of 16.89% in 2023.
- Annual changes were most pronounced in 2023 — Net Margin jumped 10883 bps — and 2025, when it tumbled 565 bps.
- Hesai's Net Margin stood at 33.16% in 2022, then advanced by 24 bps to 25.11% in 2023, then soared by 183 bps to 20.75% in 2024, then decreased by 27 bps to 15.09% in 2025, then plunged by 82 bps to 2.69% in 2026.
- The last three Net Margin figures came in at 2.69% (Q1 2026), 15.09% (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 | 76.00 Bn | 75.75 Bn | 2.35 Bn | 13.25% |
| 2 | Autozone | 51.46 Bn | 51.20 Bn | 2.52 Bn | 13.25% |
| 3 | Modine Manufacturing | 15.07 Bn | 14.98 Bn | 186.10 Mn | -5.81% |
| 4 | Borgwarner | 14.88 Bn | 15.05 Bn | 677.00 Mn | 7.22% |
| 5 | Genuine Parts | 14.73 Bn | 14.25 Bn | 2.34 Bn | 3.01% |
| 6 | Aptiv | 13.96 Bn | 10.89 Bn | 920.00 Mn | 0.28% |
| 7 | Aurora Innovation | 11.93 Bn | 10.71 Bn | -5.00 Mn | -22,300.00% |
| 8 | Magna International | 10.79 Bn | 9.60 Bn | 1.42 Bn | -0.01% |
| 9 | Allison Transmission Holdings | 10.06 Bn | 9.75 Bn | 406.00 Mn | 7.97% |
| 10 | Hesai | 347.84 Mn | 112.86 Mn | 38.57 Mn | 2.69% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.69% |
| Dec 31, 2025 | 15.09% |
| Sep 30, 2025 | 32.21% |
| Jun 30, 2025 | 6.24% |
| Mar 31, 2025 | -3.34% |
| Dec 31, 2024 | 20.75% |
| 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% |