RLX Technology (RLX) EBT Margin (2019 - 2026)
RLX Technology's (RLX) quarterly EBT Margin came in at 24.43% in Q2 2026, down 364.0% on a YoY basis from 9.25% in Q2 2025, and up 14.14% quarter-over-quarter from 21.4% in Q1 2026.
Analysis
RLX Technology (RLX) EBT Margin (2019 - 2026) Analysis & Trends
RLX Technology (RLX) has reported EBT Margin for 8 consecutive years, with 24.43% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EBT Margin fell 364.0% year-over-year to 24.43%; the trailing twelve-month figure through Jun 2026 stood at 23.46% (down 269.0% YoY), and the FY2025 full-year result was 26.61%, up 264.0% from the prior year.
- EBT Margin grew to 24.43% in Q2 2026 per RLX's latest filing, from 21.4% in the prior quarter.
- Across five years, EBT Margin topped out at 67.76% in Q2 2023 and bottomed at 70.99% in Q4 2022.
- Historically, EBT Margin has averaged 23.57% across 5 years, with a median of 26.76% in 2024.
- The sharpest annual moves came in 2022 and 2023: EBT Margin tumbled 10375 bps in 2022, then jumped 11538 bps in 2023.
- Over 5 years, EBT Margin stood at 70.99% in 2022, then surged by 163 bps to 44.39% in 2023, then tumbled by 57 bps to 18.89% in 2024, then surged by 40 bps to 26.52% in 2025, then slipped by 8 bps to 24.43% in 2026.
- According to Business Quant data, EBT Margin over the past three periods registered 24.43%, 21.4%, and 26.52% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 284.46 Bn | 280.39 Bn | 7.66 Bn | 38.35% |
| 2 | British American Tobacco p.l.c | 126.98 Bn | 123.54 Bn | - | - |
| 3 | Altria | 115.00 Bn | 112.68 Bn | 3.82 Bn | 47.93% |
| 4 | RLX Technology | 2.79 Bn | 2.09 Bn | 52.74 Mn | 24.43% |
| 5 | Turning Point Brands | 1.51 Bn | 1.26 Bn | 93.70 Mn | 9.78% |
| 6 | VPR Brands | 7.34 Mn | 5.00 Mn | 161,075.00 | -63.95% |
| 7 | 22nd Century | 512,640.46 | -5.55 Mn | -293,000.00 | -114.00% |
| 8 | Cirtran | 197,816.68 | -168,530.32 | 619,024.00 | -9.21% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.43% |
| Mar 31, 2026 | 21.40% |
| Dec 31, 2025 | 26.52% |
| Sep 30, 2025 | 22.38% |
| Jun 30, 2025 | 28.07% |
| Mar 31, 2025 | 31.04% |
| Dec 31, 2024 | 18.89% |
| Sep 30, 2024 | 26.42% |
| Jun 30, 2024 | 24.93% |
| Mar 31, 2024 | 27.01% |
| Dec 31, 2023 | 44.39% |
| Sep 30, 2023 | 40.47% |
| Jun 30, 2023 | 67.76% |
| Mar 31, 2023 | -39.12% |
| Dec 31, 2022 | -70.99% |
| Sep 30, 2022 | 55.16% |
| Jun 30, 2022 | 28.91% |
| Mar 31, 2022 | 46.64% |
| Dec 31, 2021 | 32.76% |
| Sep 30, 2021 | 65.48% |