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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

RLX Technology (RLX) Operating Margin (2019 - 2025)

Historic Operating Margin for Technology (RLX) over the last 7 years, with Q3 2025 value amounting to 8.26%.

  • Technology's Operating Margin rose 96700.0% to 8.26% in Q3 2025 from the same period last year, while for Sep 2025 it was 4.43%, marking a year-over-year increase of 140500.0%. This contributed to the annual value of 3.9% for FY2024, which is 274100.0% up from last year.
  • As of Q3 2025, Technology's Operating Margin stood at 8.26%, which was up 96700.0% from 4.43% recorded in Q2 2025.
  • Over the past 5 years, Technology's Operating Margin peaked at 53.51% during Q3 2021, and registered a low of 197.6% during Q1 2023.
  • Over the past 5 years, Technology's median Operating Margin value was 4.43% (recorded in 2025), while the average stood at 7.14%.
  • As far as peak fluctuations go, Technology's Operating Margin plummeted by -2339600bps in 2023, and later skyrocketed by 1882400bps in 2024.
  • Technology's Operating Margin (Quarter) stood at 28.04% in 2021, then plummeted by -595bps to 138.87% in 2022, then surged by 81bps to 27.0% in 2023, then soared by 95bps to 1.42% in 2024, then surged by 682bps to 8.26% in 2025.
  • Its Operating Margin was 8.26% in Q3 2025, compared to 4.43% in Q2 2025 and 9.58% in Q1 2025.