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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

RLX Technology (RLX) EBITDA Margin (2019 - 2025)

RLX Technology filings provide 7 years of EBITDA Margin readings, the most recent being 12.59% for Q4 2025.

  • On a quarterly basis, EBITDA Margin fell 3502.0% to 12.59% in Q4 2025 year-over-year; TTM through Dec 2025 was 16.99%, a 841.0% decrease, with the full-year FY2025 number at 17.05%, down 863.0% from a year prior.
  • EBITDA Margin hit 12.59% in Q4 2025 for RLX Technology, up from 11.47% in the prior quarter.
  • In the past five years, EBITDA Margin ranged from a high of 204.52% in Q2 2023 to a low of 131.11% in Q4 2022.
  • Median EBITDA Margin over the past 5 years was 23.7% (2021), compared with a mean of 23.28%.
  • Biggest five-year swings in EBITDA Margin: skyrocketed 15877bps in 2023 and later plummeted -17585bps in 2024.
  • RLX Technology's EBITDA Margin stood at 16.41% in 2021, then plummeted by -899bps to 131.11% in 2022, then surged by 111bps to 13.87% in 2023, then soared by 243bps to 47.61% in 2024, then plummeted by -74bps to 12.59% in 2025.
  • The last three reported values for EBITDA Margin were 12.59% (Q4 2025), 11.47% (Q3 2025), and 21.9% (Q2 2025) per Business Quant data.