RLX Technology (RLX) EV to FCF (2021 - 2026)
RLX Technology's (RLX) quarterly EV to FCF came in at 242.2 in Q2 2026, down 367.53% on a YoY basis from 90.53 in Q2 2025, and up 12.71% quarter-over-quarter from 277.45 in Q1 2026.
Analysis
RLX Technology (RLX) EV to FCF (2021 - 2026) Analysis & Trends
RLX Technology (RLX) has reported EV to FCF for 6 consecutive years, with 242.2 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EV to FCF fell 367.53% year-over-year to 242.2; the trailing twelve-month figure through Jun 2026 stood at 29.95 (up 56.5% YoY), and the FY2025 full-year result was 18.18, down 16.83% from the prior year.
- EV to FCF improved to 242.2 in Q2 2026 per RLX's latest filing, from 277.45 in the prior quarter.
- Across five years, EV to FCF topped out at 4758.4 in Q1 2024 and bottomed at 277.45 in Q1 2026.
- Historically, EV to FCF has averaged 292.8 across 5 years, with a median of 64.64 in 2023.
- The sharpest annual moves came in 2024 and 2026: EV to FCF soared 3799.14% in 2024, then plunged 456.12% in 2026.
- Over 5 years, EV to FCF stood at 94.99 in 2022, then surged by 168.67% to 65.23 in 2023, then tumbled by 42.36% to 37.6 in 2024, then surged by 70.33% to 64.04 in 2025, then plunged by 478.19% to 242.2 in 2026.
- According to Business Quant data, EV to FCF over the past three periods registered 242.2, 277.45, and 64.04 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Philip Morris International | 289.42 Bn | 283.42 Bn | 7.66 Bn |
| 2 | British American Tobacco p.l.c | 126.98 Bn | 123.54 Bn | - |
| 3 | Altria | 113.23 Bn | 110.86 Bn | 3.82 Bn |
| 4 | RLX Technology | 2.17 Bn | 1.46 Bn | 52.74 Mn |
| 5 | Turning Point Brands | 1.45 Bn | 1.18 Bn | 93.70 Mn |
| 6 | VPR Brands | 7.34 Mn | 5.00 Mn | 161,075.00 |
| 7 | 22nd Century | 441,498.49 | -5.62 Mn | -293,000.00 |
| 8 | Cirtran | 197,816.68 | -168,530.32 | 619,024.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -242.20 |
| Mar 31, 2026 | -277.45 |
| Dec 31, 2025 | 64.04 |
| Sep 30, 2025 | 71.47 |
| Jun 30, 2025 | 90.53 |
| Mar 31, 2025 | 77.91 |
| Dec 31, 2024 | 37.60 |
| Sep 30, 2024 | 108.59 |
| Jun 30, 2024 | 90.76 |
| Mar 31, 2024 | 4,758.40 |
| Dec 31, 2023 | 65.23 |
| Sep 30, 2023 | 174.70 |
| Jun 30, 2023 | 427.07 |
| Mar 31, 2023 | -128.64 |
| Dec 31, 2022 | -94.99 |
| Sep 30, 2022 | -10.13 |
| Jun 30, 2022 | 14.02 |
| Mar 31, 2022 | 43.44 |
| Dec 31, 2021 | 72.41 |
| Sep 30, 2021 | -249.54 |