Hesai (HSAI) Net Margin (2021 - 2026)
Hesai (HSAI) reported Net Margin of 8.17% for the quarter ended Jun 30, 2026, up 1.99 percentage points from 6.18% a year earlier and up 5.49 percentage points from the prior quarter.
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Analysis
Hesai (HSAI) Net Margin (2021 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Hesai's Net Margin came in at 12.10%, up 11.75 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at 14.40%, up 19.33 percentage points from the prior year.
- Net Margin has a five-year change of +23.31 percentage points (years ended Dec 2020 to Dec 2025).
- By year, Net Margin came in at -4.93% in the year ended Dec 31, 2024 (+20.43 pp), -25.36% in the year ended Dec 31, 2023 (-37.80 pp), 12.44% in the year ended Dec 31, 2022 (-92.33 pp) and 104.77% in the year ended Dec 31, 2021 (+113.68 pp).
- Five-year quarterly Net Margin spans a low of -33.16% in the quarter ended Dec 31, 2022 and a high of 59.76% in the quarter ended Jun 30, 2022.
- Year over year, Net Margin gained in seven of the last eight quarters, with an average year-over-year change of +18.98 percentage points.
- The high point for year-over-year Net Margin in five years was the quarter ended Sep 30, 2025 (a gain of 45.08 percentage points); the low point was the quarter ended Jun 30, 2023 (a drop of 76.65 percentage points).
- Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at 2.68% (quarter ended Mar 31, 2026), 6.53% (quarter ended Dec 31, 2025) and 32.03% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,094.46 Bn | 4,841.95 Bn | 54.77 Bn | 27.23% |
| 2 | Cisco Systems | 415.82 Bn | 351.75 Bn | 11.06 Bn | 22.37% |
| 3 | Dell Technologies | 290.96 Bn | 246.72 Bn | 9.83 Bn | 8.80% |
| 4 | Arista Networks | 216.33 Bn | 169.79 Bn | 1.91 Bn | 39.95% |
| 5 | Sandisk | 186.25 Bn | 174.78 Bn | 7.58 Bn | 77.00% |
| 6 | Sony | 156.84 Bn | 94.10 Bn | 6.53 Bn | 12.06% |
| 7 | Seagate Technology Holdings | 140.29 Bn | 135.28 Bn | 1.90 Bn | 35.66% |
| 8 | Western Digital | 121.85 Bn | 109.98 Bn | 2.03 Bn | 85.27% |
| 9 | Hewlett Packard Enterprise | 74.03 Bn | 51.91 Bn | 4.93 Bn | 12.61% |
| 10 | Hesai | 1.69 Bn | -1.83 Bn | 50.88 Mn | 8.20% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.20% |
| Mar 31, 2026 | 2.68% |
| Dec 31, 2025 | 15.31% |
| Sep 30, 2025 | 32.03% |
| Jun 30, 2025 | 6.18% |
| 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 | 42.76% |
| Jun 30, 2022 | 59.76% |
| Mar 31, 2022 | 4.67% |
| Dec 31, 2021 | -28.56% |
API Access
Hesai Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=HSAI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "HSAI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=HSAI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();