RLX Technology (RLX) EBITDA Margin (2024 - 2026)
RLX Technology (RLX) reported EBITDA Margin of 13.86% for the quarter ended Jun 30, 2026, up 7.36 percentage points from 6.50% a year earlier but down 2.16 percentage points from the prior quarter.
Powered by 
Analysis
RLX Technology (RLX) EBITDA Margin (2024 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, RLX Technology's EBITDA Margin came in at 13.19%; for the year ended Dec 31, 2025, it came in at 9.57%, up 11.72 percentage points from the prior year.
- EBITDA Margin has a five-year change of +8.10 percentage points (years ended Dec 2020 to Dec 2025).
- By year, EBITDA Margin came in at -2.15% in the year ended Dec 31, 2024 (+25.44 pp), -27.59% in the year ended Dec 31, 2023 (-49.19 pp), 21.60% in the year ended Dec 31, 2022 (-6.23 pp) and 27.83% in the year ended Dec 31, 2021 (+26.37 pp).
- Five-year quarterly EBITDA Margin spans a low of -1.16% in the quarter ended Dec 31, 2024 and a high of 16.02% in the quarter ended Mar 31, 2026.
- Year over year, EBITDA Margin has now increased in each of the last three quarters.
- Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at 16.02% (quarter ended Mar 31, 2026), 11.34% (quarter ended Dec 31, 2025) and 10.38% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.31 Bn | 283.88 Bn | 7.66 Bn | 45.06% |
| 2 | British American Tobacco p.l.c | 126.84 Bn | 105.99 Bn | - | - |
| 3 | Altria | 114.73 Bn | 100.93 Bn | 3.82 Bn | 52.23% |
| 4 | Curaleaf Holdings | 2.84 Bn | 2.44 Bn | 169.91 Mn | 15.53% |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | 13.86% |
| 6 | Trulieve Cannabis | 2.39 Bn | 1.00 Bn | 162.29 Mn | -127.26% |
| 7 | Green Thumb Industries | 1.49 Bn | 344.56 Mn | 137.87 Mn | 17.33% |
| 8 | Cronos | 1.25 Bn | -1.97 Bn | 28.45 Mn | 15.27% |
| 9 | Turning Point Brands | 1.21 Bn | 336.94 Mn | 93.70 Mn | - |
| 10 | Verano Holdings | 877.15 Mn | 550.77 Mn | 99.70 Mn | 14.95% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.86% |
| Mar 31, 2026 | 16.02% |
| Dec 31, 2025 | 11.34% |
| Sep 30, 2025 | 10.38% |
| Jun 30, 2025 | 6.50% |
| Mar 31, 2025 | 9.83% |
| Dec 31, 2024 | -1.16% |
API Access
RLX Technology EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=RLX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "RLX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=RLX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();