RLX Technology (RLX) FCF Margin (2019 - 2026)
RLX Technology's (RLX) quarterly FCF Margin came in at 4.34% in Q1 2026, down 2997.0% YoY from 0.15% in Q1 2025, and down 115.97% on a QoQ basis from 27.18% in Q4 2025.
RLX Technology (RLX) FCF Margin (2019 - 2026) Analysis & Trends
RLX Technology (RLX) has 8 years of FCF Margin data on file, last reported at 4.34% in Q1 2026.
- Quarterly FCF Margin fell 2997.0% year-over-year to 4.34% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 17.29% (down 1773.0% YoY) and the FY2025 annual result came in at 24.58%, down 634.0% from the prior year.
- FCF Margin retreated to 4.34% in Q1 2026, from 27.18% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 64.66% in Q2 2022 to a low of 122.13% in Q1 2023.
- A 5-year average of 5.61% and a median of 20.7% in 2024 frame the typical range for FCF Margin.
- The widest YoY moves for FCF Margin: up 13183 bps in 2023, down 14011 bps in 2023.
- Tracing RLX's FCF Margin over 5 years: 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 plunged by 116 bps to 4.34% in 2026.
- The last three FCF Margin figures came in at 4.34% (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 | 294.97 Bn | 288.97 Bn | 7.66 Bn | 45.68% |
| 2 | British American Tobacco p.l.c | 121.88 Bn | 118.19 Bn | - | - |
| 3 | Altria | 110.18 Bn | 107.81 Bn | 3.82 Bn | 10.83% |
| 4 | RLX Technology | 2.20 Bn | 1.45 Bn | 52.74 Mn | -6.24% |
| 5 | Turning Point Brands | 1.66 Bn | 1.39 Bn | 93.70 Mn | 18.35% |
| 6 | Universal | 1.13 Bn | 849.81 Mn | 83.09 Mn | -25.40% |
| 7 | Ispire Technology | 85.94 Mn | 66.71 Mn | 1.99 Mn | 9.14% |
| 8 | Rythm | 50.01 Mn | 8.10 Mn | 18.54 Mn | 37.59% |
| 9 | Greenlane Holdings | 11.76 Mn | -12.74 Mn | 32,000.00 | -4,187.80% |
| 10 | VPR Brands | 7.80 Mn | 5.46 Mn | 161,075.00 | -76.43% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 25.55% |