Luckin Coffee (LKNCY) Net Margin (2018 - 2026)
Luckin Coffee's Net Margin was 9.12% in Q2 2026, down 0.80 percentage points from 9.92% a year earlier but up 5.19 percentage points from the prior quarter.
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Analysis
Luckin Coffee (LKNCY) Net Margin (2018 - 2026) Analysis & Trends
On a trailing twelve-month basis, Luckin Coffee's Net Margin was 6.52% through Jun 30, 2026, down 2.99 percentage points year-over-year; for FY2025, it came in at 7.30%, down 1.20 percentage points from FY2024.
- Net Margin shows a five-year change of +145.88 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was 8.50% in FY2024 (-2.93 pp), 11.44% in FY2023 (+7.76 pp), 3.67% in FY2022 (-4.94 pp) and 8.62% in FY2021 (+147.19 pp).
- Quarterly Net Margin has moved between -5.04% (Q2 2022) and 39.88% (Q4 2021) over five years.
- Compared with a year earlier, Net Margin has declined for five straight quarters, with an average year-over-year change of -0.58 percentage points over the last eight quarters.
- The best year-over-year quarter for Net Margin over five years was Q4 2021 (a gain of 212.42 percentage points); the worst was Q4 2022 (a drop of 38.60 percentage points).
- Per Business Quant data, LKNCY's Net Margin in the three quarters before Q2 2026 was 3.93% (Q1 2026), 3.65% (Q4 2025) and 8.25% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 197.03 Bn | 191.85 Bn | 6.42 Bn | 33.27% |
| 2 | Starbucks | 121.44 Bn | 109.07 Bn | - | 11.21% |
| 3 | Yum Brands | 45.58 Bn | 42.47 Bn | 1.47 Bn | 39.33% |
| 4 | Chipotle Mexican Grill | 45.08 Bn | 41.58 Bn | - | 10.32% |
| 5 | Restaurant Brands International | 27.34 Bn | 23.13 Bn | 1.40 Bn | 21.47% |
| 6 | Darden Restaurants | 25.92 Bn | 25.01 Bn | 1.68 Bn | 7.29% |
| 7 | Restaurant Brands International Limited Partnership | 24.67 Bn | 20.46 Bn | 1.40 Bn | 27.88% |
| 8 | Yum China Holdings | 17.29 Bn | 10.94 Bn | 537.00 Mn | 7.78% |
| 9 | Texas Roadhouse | 12.62 Bn | 11.96 Bn | - | 7.26% |
| 10 | Luckin Coffee | 10.74 Bn | 5.83 Bn | 1.64 Bn | 10.37% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 10.37% |
| Jun 30, 2026 | 9.12% |
| Mar 31, 2026 | 3.93% |
| Dec 31, 2025 | 3.65% |
| Sep 30, 2025 | 8.25% |
| Jun 30, 2025 | 9.92% |
| Mar 31, 2025 | 5.78% |
| Dec 31, 2024 | 9.83% |
| Sep 30, 2024 | 11.90% |
| Jun 30, 2024 | 10.57% |
| Mar 31, 2024 | 1.15% |
| Dec 31, 2023 | 4.16% |
| Sep 30, 2023 | 13.72% |
| Jun 30, 2023 | 16.15% |
| Mar 31, 2023 | 12.72% |
| Dec 31, 2022 | 1.29% |
| Sep 30, 2022 | 13.33% |
| Jun 30, 2022 | -5.04% |
| Mar 31, 2022 | 0.66% |
| Dec 31, 2021 | 39.88% |
API Access
Luckin Coffee 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=LKNCY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "LKNCY", "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=LKNCY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();