RLX Technology (RLX) EBT Margin (2019 - 2026)
RLX Technology (RLX) recorded EBT Margin of 24.43% in the quarter ended Jun 30, 2026, down 3.64 percentage points from 28.07% a year earlier but up 3.03 percentage points from the prior quarter.
RLX Technology (RLX) EBT Margin (2019 - 2026) Analysis & Trends
On a TTM basis, RLX Technology's EBT Margin came in at 23.46% as of Jun 30, 2026, down 2.69 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at 26.61%, up 2.64 percentage points from the prior year.
- Annual EBT Margin has a five-year change of +23.93 percentage points (years ended Dec 2020 to Dec 2025).
- Across earlier years, EBT Margin came in at 23.97% in the year ended Dec 31, 2024 (-13.33 pp), 37.30% in the year ended Dec 31, 2023 (+3.92 pp), 33.38% in the year ended Dec 31, 2022 (+2.17 pp) and 31.21% in the year ended Dec 31, 2021 (+28.53 pp).
- Quarterly EBT Margin has ranged from -70.99% in the quarter ended Dec 31, 2022 to 67.76% in the quarter ended Jun 30, 2023 over the past five years.
- On a year-over-year basis, EBT Margin rose in three of the last eight quarters, with an average year-over-year change of -5.26 percentage points.
- Peak year-over-year performance for EBT Margin in the last five years was a gain of 115.38 percentage points in the quarter ended Dec 31, 2023, against a drop of 103.75 percentage points in the quarter ended Dec 31, 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 21.40% (quarter ended Mar 31, 2026), 26.52% (quarter ended Dec 31, 2025) and 22.38% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.14 Bn | 283.71 Bn | 7.66 Bn | 38.35% |
| 2 | British American Tobacco p.l.c | 129.64 Bn | 108.78 Bn | - | - |
| 3 | Altria | 115.45 Bn | 101.65 Bn | 3.82 Bn | 47.93% |
| 4 | Curaleaf Holdings | 2.87 Bn | 2.47 Bn | 169.91 Mn | -7.74% |
| 5 | RLX Technology | 2.63 Bn | -932.13 Mn | 52.74 Mn | 24.43% |
| 6 | Trulieve Cannabis | 2.37 Bn | 989.63 Mn | 162.29 Mn | -141.50% |
| 7 | Green Thumb Industries | 1.53 Bn | 385.54 Mn | 137.87 Mn | 5.20% |
| 8 | Cronos | 1.26 Bn | -1.96 Bn | 28.45 Mn | 50.59% |
| 9 | Turning Point Brands | 1.21 Bn | 343.16 Mn | 93.70 Mn | 9.78% |
| 10 | Verano Holdings | 871.29 Mn | 544.91 Mn | 99.70 Mn | -4.81% |
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% |
RLX Technology EBT 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=ebt-margin&ticker=RLX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=RLX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();