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 | 297.66 Bn | 279.23 Bn | 7.66 Bn | 45.68% |
| 2 | British American Tobacco p.l.c | 125.80 Bn | 104.94 Bn | - | - |
| 3 | Altria | 112.42 Bn | 98.63 Bn | 3.82 Bn | 10.83% |
| 4 | Curaleaf Holdings | 2.73 Bn | 2.33 Bn | 169.91 Mn | -6.05% |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | -6.24% |
| 6 | Trulieve Cannabis | 2.10 Bn | 712.57 Mn | 162.29 Mn | 11.86% |
| 7 | Green Thumb Industries | 1.33 Bn | 184.54 Mn | 137.87 Mn | 2.87% |
| 8 | Cronos | 1.22 Bn | -2.00 Bn | 28.45 Mn | 31.55% |
| 9 | Turning Point Brands | 1.18 Bn | 308.67 Mn | 93.70 Mn | 18.35% |
| 10 | Verano Holdings | 808.33 Mn | 481.94 Mn | 99.70 Mn | 8.61% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -6.24% |
| 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 | 20.27% |
| Jun 30, 2024 | 31.37% |
| Mar 31, 2024 | 0.73% |
| Dec 31, 2023 | 58.64% |
| Sep 30, 2023 | 19.52% |
| Jun 30, 2023 | 10.93% |
| Mar 31, 2023 | -122.61% |
| Dec 31, 2022 | -73.19% |
| Sep 30, 2022 | -101.26% |
| Jun 30, 2022 | 64.66% |
| Mar 31, 2022 | 17.95% |
| 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();