MINISO Group Holding (MSOGF) Operating Margin (2019 - 2025)
MINISO Group Holding (MSOGF) reported Operating Margin of 2.57% for Q4 2025, down 1798.0% year-over-year from 0.15% in Q4 2024, and down 82.41% quarter-over-quarter from 14.6% in Q3 2025.
MINISO Group Holding (MSOGF) Operating Margin (2019 - 2025) Analysis & Trends
MINISO Group Holding (MSOGF) has 7 years of Operating Margin data on file, last reported at 2.57% in Q4 2025.
- Operating Margin for Q4 2025 came in at 2.57%, down 1798.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 6.49% (down 1301.0% YoY), and the FY2025 annual result was 15.4%, down 411.0% from the prior year.
- Operating Margin retreated to 2.57% in Q4 2025 per MSOGF's latest filing, from 14.6% in the prior quarter.
- Over five years, Operating Margin peaked at 21.22% in Q2 2023 and troughed at 2.57% in Q4 2025.
- A 5-year average of 15.26% and a median of 17.94% in 2022 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2022 and 2025: Operating Margin surged 1033 bps in 2022, then tumbled 1798 bps in 2025.
- A 5-year view of Operating Margin shows it stood at 9.21% in 2021, then surged by 95 bps to 17.94% in 2022, then gained by 13 bps to 20.36% in 2023, then increased by 1 bps to 20.55% in 2024, then slumped by 88 bps to 2.57% in 2025.
- Business Quant data shows MSOGF's Operating Margin at 2.57% in Q4 2025, 14.6% in Q3 2025, and 16.84% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 28.23 Bn | 27.77 Bn | 1.01 Bn | 7.89% |
| 2 | Williams Sonoma | 25.94 Bn | 24.92 Bn | 1.10 Bn | 20.27% |
| 3 | Ulta Beauty | 21.42 Bn | 20.93 Bn | 1.48 Bn | 12.23% |
| 4 | Dick'S Sporting Goods | 18.30 Bn | 16.95 Bn | 1.77 Bn | 2.96% |
| 5 | Best Buy | 15.81 Bn | 14.06 Bn | 2.10 Bn | 4.14% |
| 6 | Tractor Supply | 15.78 Bn | 15.56 Bn | 1.30 Bn | 6.50% |
| 7 | NaaS Technology | 14.29 Bn | 14.27 Bn | - | - |
| 8 | Five Below | 10.51 Bn | 9.58 Bn | 696.98 Mn | 17.99% |
| 9 | Murphy USA | 10.28 Bn | 10.16 Bn | 3.98 Bn | 4.26% |
| 10 | MINISO Group Holding | - | - | 409.04 Mn | 2.57% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 2.57% |
| Sep 30, 2025 | 14.60% |
| Jun 30, 2025 | 16.84% |
| Mar 31, 2025 | 16.03% |
| Dec 31, 2024 | 20.55% |
| Sep 30, 2024 | 18.85% |
| Jun 30, 2024 | 18.62% |
| Mar 31, 2024 | 19.96% |
| Dec 31, 2023 | 20.36% |
| Sep 30, 2023 | 20.79% |
| Jun 30, 2023 | 21.22% |
| Mar 31, 2023 | 19.50% |
| Dec 31, 2022 | 17.94% |
| Sep 30, 2022 | 18.38% |
| Jun 30, 2022 | 11.74% |
| Dec 31, 2021 | 9.21% |
| Sep 30, 2021 | 8.04% |
| Jun 30, 2021 | 7.60% |
| Mar 31, 2021 | 7.22% |
| Dec 31, 2020 | 2.36% |