RLX Technology (RLX) Return on Capital Employed (2021 - 2026)

RLX Technology (RLX) posted Return on Capital Employed of 3.02% for Q1 2026, up 45.06% quarter-over-quarter from 2.08% in Q4 2025, and up 289.0% year-on-year from 0.78% in Q1 2025.

RLX Technology (RLX) Return on Capital Employed (2021 - 2026) Analysis & Trends

RLX Technology (RLX) has reported Return on Capital Employed for 6 consecutive years, with 3.02% the latest figure, recorded in Q1 2026.

  • Return on Capital Employed for Q1 2026 came in at 3.02%, up 289.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 3.02% (up 289.0% YoY), and the FY2025 annual result was 2.12%, up 279.0% from the prior year.
  • Return on Capital Employed was 3.02% for Q1 2026 at RLX Technology, up from 2.08% in the prior quarter.
  • Over five years, Return on Capital Employed peaked at 21.78% in Q1 2022 and troughed at 5.46% in Q3 2023.
  • Average Return on Capital Employed over 5 years is 3.11%, with a median of 0.57% recorded in 2025.
  • Year-over-year, Return on Capital Employed soared 1879 bps in 2022 and sank 2121 bps in 2023.
  • Over 5 years, Return on Capital Employed stood at 7.42% in 2022, then plunged by 144 bps to 3.29% in 2023, then jumped by 80 bps to 0.67% in 2024, then jumped by 411 bps to 2.08% in 2025, then soared by 45 bps to 3.02% in 2026.
  • Per Business Quant data, the three most recent Return on Capital Employed figures were 3.02% in Q1 2026, 2.08% in Q4 2025, and 1.2% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Altria 66.91 Bn 63.43 Bn 3.51 Bn 41.93%
2 RLX Technology 2.38 Bn 1.75 Bn 73.10 Mn 3.02%
3 Turning Point Brands 1.68 Bn 1.51 Bn 68.30 Mn 12.15%
4 Universal 1.30 Bn 1.29 Bn 98.47 Mn 7.24%
5 Ispire Technology 65.31 Mn 47.02 Mn 1.99 Mn -133.15%
6 Rythm 54.80 Mn 21.54 Mn 10.40 Mn -122.16%
7 Greenlane Holdings 9.60 Mn -28.63 Mn 217,000.00 -95.07%
8 VPR Brands 4.59 Mn 1.87 Mn 138,574.00 -432.91%
9 Lftd Partners 2.96 Mn 873,406.64 -1.71 Mn -26.98%
10 22nd Century 128,296.63 -9.42 Mn -636,000.00 -15.55%

Historic Data

Download Data
DateValue
Mar 31, 2026 3.02%
Dec 31, 2025 2.08%
Sep 30, 2025 1.20%
Jun 30, 2025 0.57%
Mar 31, 2025 0.13%
Dec 31, 2024 -0.67%
Sep 30, 2024 -1.51%
Jun 30, 2024 -1.70%
Mar 31, 2024 -1.13%
Dec 31, 2023 -3.30%
Sep 30, 2023 -5.47%
Jun 30, 2023 -2.13%
Mar 31, 2023 0.57%
Dec 31, 2022 7.42%
Sep 30, 2022 13.79%
Jun 30, 2022 18.09%
Mar 31, 2022 21.76%
Dec 31, 2021 16.95%
Sep 30, 2021 14.29%
Jun 30, 2021 8.85%