RLX Technology (RLX) EBT Margin (2019 - 2026)
RLX Technology (RLX) reported EBT Margin of 21.4% for Q1 2026, down 964.0% on a YoY basis from 2.48% in Q1 2025, and down 19.3% quarter-over-quarter from 26.52% in Q4 2025.
RLX Technology (RLX) EBT Margin (2019 - 2026) Analysis & Trends
RLX Technology has reported EBT Margin for 8 years, with the latest figure at 21.4% in Q1 2026.
- For the quarter ending Q1 2026, EBT Margin fell 964.0% year-over-year to 21.4%; the trailing twelve-month figure through Mar 2026 stood at 24.09% (down 125.0% YoY), and the FY2025 full-year result was 26.61%, up 264.0% from the prior year.
- EBT Margin for Q1 2026 stood at 21.4%, down from 26.52% in the prior quarter.
- The five-year high for EBT Margin was 67.76% in Q2 2023, with the low at 70.99% in Q4 2022.
- Historically, EBT Margin has averaged 23.52% across 5 years, with a median of 27.01% in 2024.
- Annual changes were most pronounced in 2022 — EBT Margin slumped 10375 bps — and 2023, when it soared 11538 bps.
- RLX Technology's EBT Margin stood at 70.99% in 2022, then soared by 163 bps to 44.39% in 2023, then sank by 57 bps to 18.89% in 2024, then soared by 40 bps to 26.52% in 2025, then dropped by 19 bps to 21.4% in 2026.
- The last three EBT Margin figures came in at 21.4% (Q1 2026), 26.52% (Q4 2025), and 22.38% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 277.78 Bn | 274.30 Bn | 6.91 Bn | 36.08% |
| 2 | Altria | 120.77 Bn | 117.29 Bn | 3.51 Bn | 52.67% |
| 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 | 8.96% |
| 5 | Universal | 1.35 Bn | 1.30 Bn | 98.47 Mn | -4.19% |
| 6 | RLX Technology | 355.86 Mn | -269.04 Mn | 73.10 Mn | 21.40% |
| 7 | Ispire Technology | 97.40 Mn | 79.11 Mn | 1.99 Mn | -50.02% |
| 8 | Rythm | 54.37 Mn | 21.11 Mn | 10.40 Mn | -42.68% |
| 9 | Greenlane Holdings | 11.69 Mn | -26.54 Mn | 217,000.00 | -4,064.96% |
| 10 | 22nd Century | 2.50 Mn | -7.04 Mn | -636,000.00 | -73.54% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 40.47% |