MINISO Group Holding (MNSO) Net Margin (2019 - 2025)
MINISO Group Holding's (MNSO) quarterly Net Margin came in at 2.26% in Q4 2025, down 1936.0% year-on-year from 0.12% in Q4 2024, and down 129.93% on a QoQ basis 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 2.26% in Q4 2025.
- On a quarterly basis, Net Margin fell 1936.0% year-over-year to 2.26% in Q4 2025; TTM through Dec 2025 was 5.52%, a 645.0% decrease from a year earlier, with the FY2025 full-year figure at 5.62%, down 978.0% from the prior year.
- Net Margin for Q4 2025 stood at 2.26%, down from 7.56% in the prior quarter.
- Over the last five years, Net Margin for MNSO reached as high as 294.19% in Q1 2021 and fell as low as 2.26% in Q4 2025.
- Historically, Net Margin has averaged 40.13% across 5 years, with a median of 14.56% in 2024.
- Across the five-year window, Net Margin jumped 28953 bps in 2021 and slumped 22924 bps in 2022, its largest moves.
- Year by year, Net Margin stood at 242.94% in 2021, then plunged by 94 bps to 13.7% in 2022, then climbed by 19 bps to 16.36% in 2023, then rose by 5 bps to 17.1% in 2024, then slumped by 113 bps to 2.26% in 2025.
- Per Business Quant data, the three most recent Net Margin figures were 2.26% 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 | 32.13 Bn | 31.61 Bn | 1.08 Bn | 3.56% |
| 2 | NaaS Technology | 30.58 Bn | 30.58 Bn | - | - |
| 3 | Williams Sonoma | 28.34 Bn | 27.33 Bn | 1.10 Bn | 15.61% |
| 4 | Ulta Beauty | 23.18 Bn | 22.69 Bn | 1.48 Bn | 9.15% |
| 5 | Best Buy | 18.52 Bn | 16.77 Bn | 2.10 Bn | 3.09% |
| 6 | Dick'S Sporting Goods | 16.59 Bn | 15.24 Bn | 1.77 Bn | 2.06% |
| 7 | MINISO Group Holding | 16.05 Bn | 14.98 Bn | 414.86 Mn | -2.26% |
| 8 | Tractor Supply | 15.89 Bn | 15.66 Bn | 1.30 Bn | 4.58% |
| 9 | Five Below | 12.09 Bn | 11.16 Bn | 696.98 Mn | 13.78% |
| 10 | Murphy USA | 11.42 Bn | 11.30 Bn | -3.64 Bn | 24.12% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -2.26% |
| 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 | 43.03% |
| Jun 30, 2023 | 16.58% |
| Mar 31, 2023 | 15.76% |
| Dec 31, 2022 | 13.70% |
| Sep 30, 2022 | 14.85% |
| Jun 30, 2022 | 8.84% |
| Dec 31, 2021 | 242.94% |
| Sep 30, 2021 | 5.71% |
| Jun 30, 2021 | 4.65% |
| Mar 31, 2021 | 294.19% |
| Dec 31, 2020 | 275.26% |