RLX Technology (RLX) EBITDA Margin (2019 - 2026)
RLX Technology (RLX) reported EBITDA Margin of 6.18% for Q1 2026, down 1969.0% on a YoY basis from 0.33% in Q1 2025, and down 50.91% quarter-over-quarter from 12.59% in Q4 2025.
RLX Technology (RLX) EBITDA Margin (2019 - 2026) Analysis & Trends
RLX Technology has reported EBITDA Margin for 8 years, with the latest figure at 6.18% in Q1 2026.
- For the quarter ending Q1 2026, EBITDA Margin fell 1969.0% year-over-year to 6.18%; the trailing twelve-month figure through Mar 2026 stood at 11.84% (down 1352.0% YoY), and the FY2025 full-year result was 17.05%, down 863.0% from the prior year.
- EBITDA Margin for Q1 2026 stood at 6.18%, down from 12.59% in the prior quarter.
- The five-year high for EBITDA Margin was 204.52% in Q2 2023, with the low at 131.11% in Q4 2022.
- Historically, EBITDA Margin has averaged 21.96% across 5 years, with a median of 22.23% in 2023.
- Annual changes were most pronounced in 2023 — EBITDA Margin surged 15877 bps — and 2024, when it sank 17585 bps.
- RLX Technology's EBITDA Margin stood at 131.11% in 2022, then soared by 111 bps to 13.87% in 2023, then jumped by 243 bps to 47.61% in 2024, then plunged by 74 bps to 12.59% in 2025, then sank by 51 bps to 6.18% in 2026.
- The last three EBITDA Margin figures came in at 6.18% (Q1 2026), 12.59% (Q4 2025), and 11.47% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 277.78 Bn | 274.30 Bn | 6.91 Bn | 38.37% |
| 2 | Altria | 120.77 Bn | 117.29 Bn | 3.51 Bn | 54.46% |
| 3 | British American Tobacco p.l.c | 45.84 Bn | 40.53 Bn | - | - |
| 4 | Turning Point Brands | 1.66 Bn | 1.49 Bn | 68.30 Mn | 10.05% |
| 5 | Universal | 1.35 Bn | 1.30 Bn | 98.47 Mn | -2.09% |
| 6 | RLX Technology | 355.86 Mn | -269.04 Mn | 73.10 Mn | 6.18% |
| 7 | Ispire Technology | 97.40 Mn | 79.11 Mn | 1.99 Mn | -51.02% |
| 8 | Rythm | 54.37 Mn | 21.11 Mn | 10.40 Mn | -30.36% |
| 9 | Greenlane Holdings | 11.69 Mn | -26.54 Mn | 217,000.00 | -4,157.37% |
| 10 | 22nd Century | 2.50 Mn | -7.04 Mn | -636,000.00 | -79.44% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 6.18% |
| Dec 31, 2025 | 12.59% |
| Sep 30, 2025 | 11.47% |
| Jun 30, 2025 | 21.90% |
| Mar 31, 2025 | 25.87% |
| Dec 31, 2024 | 47.61% |
| Sep 30, 2024 | -0.86% |
| Jun 30, 2024 | 28.67% |
| Mar 31, 2024 | 26.34% |
| Dec 31, 2023 | 13.87% |
| Sep 30, 2023 | 22.23% |
| Jun 30, 2023 | 204.52% |
| Mar 31, 2023 | -106.70% |
| Dec 31, 2022 | -131.11% |
| Sep 30, 2022 | 107.55% |
| Jun 30, 2022 | 45.75% |
| Mar 31, 2022 | 37.40% |
| Dec 31, 2021 | 16.41% |
| Sep 30, 2021 | 60.73% |
| Jun 30, 2021 | 25.16% |