RLX Technology (RLX) FCF Margin (2019 - 2026)
RLX Technology (RLX) reported FCF Margin of 4.32% for Q1 2026, down 2995.0% on a YoY basis from 0.15% in Q1 2025, and down 115.91% quarter-over-quarter from 27.18% in Q4 2025.
RLX Technology (RLX) FCF Margin (2019 - 2026) Analysis & Trends
RLX Technology has reported FCF Margin for 8 years, with the latest figure at 4.32% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin fell 2995.0% year-over-year to 4.32%; the trailing twelve-month figure through Mar 2026 stood at 17.3% (down 1773.0% YoY), and the FY2025 full-year result was 24.93%, down 579.0% from the prior year.
- FCF Margin for Q1 2026 stood at 4.32%, down from 27.18% in the prior quarter.
- The five-year high for FCF Margin was 64.66% in Q2 2022, with the low at 122.13% in Q1 2023.
- Historically, FCF Margin has averaged 5.61% across 5 years, with a median of 20.7% in 2024.
- The largest YoY upside for FCF Margin was 13183 bps in 2023 against a maximum downside of 14011 bps in 2023.
- RLX Technology's FCF Margin stood at 73.19% in 2022, then soared by 180 bps to 58.64% in 2023, then increased by 4 bps to 61.1% in 2024, then sank by 56 bps to 27.18% in 2025, then tumbled by 116 bps to 4.32% in 2026.
- The last three FCF Margin figures came in at 4.32% (Q1 2026), 27.18% (Q4 2025), and 31.66% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 277.78 Bn | 274.30 Bn | 6.91 Bn | -7.41% |
| 2 | Altria | 120.77 Bn | 117.29 Bn | 3.51 Bn | 41.10% |
| 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 | -22.05% |
| 5 | Universal | 1.35 Bn | 1.30 Bn | 98.47 Mn | 24.97% |
| 6 | RLX Technology | 355.86 Mn | -269.04 Mn | 73.10 Mn | -4.32% |
| 7 | Ispire Technology | 97.40 Mn | 79.11 Mn | 1.99 Mn | 9.14% |
| 8 | Rythm | 54.37 Mn | 21.11 Mn | 10.40 Mn | 7.85% |
| 9 | Greenlane Holdings | 11.69 Mn | -26.54 Mn | 217,000.00 | -1,078.13% |
| 10 | 22nd Century | 2.50 Mn | -7.04 Mn | -636,000.00 | -76.57% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -4.32% |
| Dec 31, 2025 | 27.18% |
| Sep 30, 2025 | 31.66% |
| Jun 30, 2025 | 26.09% |
| Mar 31, 2025 | 25.63% |
| Dec 31, 2024 | 61.10% |
| Sep 30, 2024 | 20.70% |
| Jun 30, 2024 | 31.37% |
| Mar 31, 2024 | 0.73% |
| Dec 31, 2023 | 58.64% |
| Sep 30, 2023 | 15.76% |
| Jun 30, 2023 | 10.93% |
| Mar 31, 2023 | -122.13% |
| Dec 31, 2022 | -73.19% |
| Sep 30, 2022 | -97.36% |
| Jun 30, 2022 | 64.66% |
| Mar 31, 2022 | 17.97% |
| Dec 31, 2021 | 24.46% |
| Sep 30, 2021 | -8.52% |
| Jun 30, 2021 | 25.55% |