MINISO Group Holding (MNSO) Net Margin (2019 - 2025)
MINISO Group Holding (MNSO) reported Net Margin of 0.4% for Q4 2025, down 1750.0% year-over-year from 0.02% in Q4 2024, and down 105.28% quarter-over-quarter from 7.56% in Q3 2025.
MINISO Group Holding (MNSO) Net Margin (2019 - 2025) Analysis & Trends
MINISO Group Holding (MNSO) has 7 years of Net Margin data on file, last reported at 0.4% in Q4 2025.
- Net Margin for Q4 2025 came in at 0.4%, down 1750.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 2.34% (down 963.0% YoY), and the FY2025 annual result was 5.62%, down 1003.0% from the prior year.
- Net Margin fell to 0.4% in Q4 2025 per MNSO's latest filing, from 7.56% in the prior quarter.
- Over five years, Net Margin peaked at 17.1% in Q4 2024 and troughed at 0.4% in Q4 2025.
- A 5-year average of 11.21% and a median of 14.13% in 2022 frame the typical range for Net Margin.
- The sharpest annual moves came in 2021 and 2025: Net Margin soared 8491 bps in 2021, then slumped 1750 bps in 2025.
- A 5-year view of Net Margin shows it stood at 6.66% in 2021, then jumped by 112 bps to 14.13% in 2022, then rose by 16 bps to 16.36% in 2023, then climbed by 5 bps to 17.1% in 2024, then tumbled by 102 bps to 0.4% in 2025.
- Business Quant data shows MNSO's Net Margin at 0.4% in Q4 2025, 7.56% in Q3 2025, and 9.77% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 27.84 Bn | 27.38 Bn | 1.01 Bn | 3.32% |
| 2 | Williams Sonoma | 24.59 Bn | 23.57 Bn | 1.10 Bn | 15.61% |
| 3 | Ulta Beauty | 20.75 Bn | 20.25 Bn | 1.48 Bn | 9.19% |
| 4 | Dick'S Sporting Goods | 17.81 Bn | 16.45 Bn | 1.77 Bn | 2.06% |
| 5 | Tractor Supply | 15.90 Bn | 15.67 Bn | 1.30 Bn | 4.58% |
| 6 | Best Buy | 15.61 Bn | 13.87 Bn | 2.10 Bn | 3.09% |
| 7 | NaaS Technology | 14.72 Bn | 14.70 Bn | - | - |
| 8 | Five Below | 10.27 Bn | 9.34 Bn | 696.98 Mn | 13.78% |
| 9 | Murphy USA | 10.20 Bn | 10.08 Bn | 3.98 Bn | 2.83% |
| 10 | MINISO Group Holding | 173,419.49 | -989.43 Mn | 409.04 Mn | -0.40% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -0.40% |
| Sep 30, 2025 | 7.56% |
| Jun 30, 2025 | 9.77% |
| Mar 31, 2025 | 9.39% |
| Dec 31, 2024 | 17.10% |
| Sep 30, 2024 | 14.19% |
| Jun 30, 2024 | 14.56% |
| Mar 31, 2024 | 15.64% |
| Dec 31, 2023 | 16.36% |
| Sep 30, 2023 | 16.16% |
| Jun 30, 2023 | 16.58% |
| Mar 31, 2023 | 15.76% |
| Dec 31, 2022 | 14.13% |
| Sep 30, 2022 | 14.85% |
| Jun 30, 2022 | 8.84% |
| Dec 31, 2021 | 6.66% |
| Sep 30, 2021 | 5.73% |
| Jun 30, 2021 | 4.65% |
| Mar 31, 2021 | 5.47% |
| Dec 31, 2020 | 0.90% |