RLX Technology (RLX) FCF Margin (2019 - 2026)
RLX Technology (RLX) reported FCF Margin of -6.24% for the quarter ended Jun 30, 2026, down 32.33 percentage points from 26.09% a year earlier and down 1.91 percentage points from the prior quarter.
RLX Technology (RLX) FCF Margin (2019 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, RLX Technology's FCF Margin came in at 10.76%, down 22.44 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at 30.04%, down 1.41 percentage points from the prior year.
- FCF Margin has a five-year change of -38.08 percentage points (years ended Dec 2020 to Dec 2025).
- By year, FCF Margin came in at 31.45% in the year ended Dec 31, 2024 (+17.15 pp), 14.30% in the year ended Dec 31, 2023 (+4.45 pp), 9.85% in the year ended Dec 31, 2022 (-12.81 pp) and 22.66% in the year ended Dec 31, 2021 (-45.46 pp).
- The figure for the quarter ended Jun 30, 2026 ranks as the lowest quarterly FCF Margin since the quarter ended Mar 31, 2023.
- Year over year, FCF Margin has now declined in each of the last three quarters, with an average year-over-year change of -7.75 percentage points over the last eight quarters.
- The high point for year-over-year FCF Margin in five years was the quarter ended Dec 31, 2023 (a gain of 131.83 percentage points); the low point was the quarter ended Mar 31, 2023 (a drop of 140.56 percentage points).
- Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at -4.32% (quarter ended Mar 31, 2026), 27.18% (quarter ended Dec 31, 2025) and 31.66% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 310.09 Bn | 289.08 Bn | 7.85 Bn | 43.45% |
| 2 | British American Tobacco p.l.c | 143.09 Bn | 119.75 Bn | - | - |
| 3 | Altria | 130.85 Bn | 117.83 Bn | 3.94 Bn | 48.91% |
| 4 | RLX Technology | 2.40 Bn | -1.35 Bn | 52.74 Mn | -6.26% |
| 5 | Curaleaf Holdings | 2.08 Bn | 1.70 Bn | 170.48 Mn | 1.40% |
| 6 | Trulieve Cannabis | 1.86 Bn | 595.66 Mn | 148.02 Mn | 19.72% |
| 7 | Verano Holdings | 1.83 Bn | 1.48 Bn | 100.04 Mn | 16.74% |
| 8 | Green Thumb Industries | 1.49 Bn | 262.73 Mn | 146.79 Mn | 11.72% |
| 9 | Cronos | 1.24 Bn | -1.90 Bn | 32.28 Mn | 29.07% |
| 10 | Turning Point Brands | 1.10 Bn | 187.99 Mn | 85.18 Mn | 2.31% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -6.26% |
| Mar 31, 2026 | -4.34% |
| 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% |
RLX Technology FCF 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=fcf-margin&ticker=RLX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=RLX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();