MINISO Group Holding (MNSO) Net Margin (2019 - 2025)
MINISO Group Holding (MNSO) posted quarterly Net Margin of 2.26% for Q4 2025, down 1936.0% year-over-year from 0.12% in Q4 2024, and down 129.93% quarter-over-quarter from 7.56% in Q3 2025.
MINISO Group Holding (MNSO) Net Margin (2019 - 2025) Analysis & Trends
MINISO Group Holding (MNSO) has reported Net Margin for 7 consecutive years, with 2.26% the latest figure, recorded in Q4 2025.
- In Q4 2025, Net Margin fell 1936.0% year-over-year to 2.26%; the TTM figure through Dec 2025 stood at 5.52% (down 645.0% YoY), while the FY2025 annual figure was 5.62%, down 978.0% from the prior year.
- Net Margin eased to 2.26% in Q4 2025 per MNSO's latest filing, from 7.56% in the prior quarter.
- Across five years, Net Margin topped out at 291.06% in Q1 2021 and bottomed at 2.26% in Q4 2025.
- Historically, Net Margin has averaged 39.99% across 5 years, with a median of 14.56% in 2024.
- Annual changes were most pronounced in 2021 — Net Margin surged 28641 bps — and 2022, when it tumbled 22881 bps.
- MINISO Group Holding's Net Margin stood at 242.94% in 2021, then tumbled by 94 bps to 14.13% in 2022, then gained by 16 bps to 16.36% in 2023, then grew by 5 bps to 17.1% in 2024, then slumped by 113 bps to 2.26% in 2025.
- Business Quant data shows MNSO's Net Margin at 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 | 30.70 Bn | 30.18 Bn | 1.08 Bn | 3.56% |
| 2 | Williams Sonoma | 28.62 Bn | 27.60 Bn | 1.10 Bn | 15.61% |
| 3 | Ulta Beauty | 22.58 Bn | 22.36 Bn | 1.27 Bn | 10.81% |
| 4 | Tractor Supply | 18.35 Bn | 18.12 Bn | 1.68 Bn | 7.94% |
| 5 | Best Buy | 18.03 Bn | 16.28 Bn | 2.10 Bn | 3.09% |
| 6 | Dick'S Sporting Goods | 15.93 Bn | 14.93 Bn | 1.68 Bn | 6.19% |
| 7 | Five Below | 13.08 Bn | 11.97 Bn | 478.64 Mn | 9.57% |
| 8 | Murphy USA | 10.51 Bn | 10.33 Bn | 746.50 Mn | 3.07% |
| 9 | Bath & Body Works | 4.08 Bn | 3.13 Bn | 1.24 Bn | 14.79% |
| 10 | MINISO Group Holding | 3.42 Bn | 2.45 Bn | 414.86 Mn | -2.26% |
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 | 14.13% |
| 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 | 291.06% |
| Dec 31, 2020 | 275.26% |