RLX Technology (RLX) Return on Invested Capital [ROIC] (2022 - 2026)
RLX Technology's Return on Invested Capital [ROIC] came in at 3.64% for the quarter ended Jun 30, 2026, up 3.06 percentage points from 0.58% a year earlier and up 0.53 percentage points from the prior quarter.
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Analysis
RLX Technology (RLX) Return on Invested Capital [ROIC] (2022 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, RLX Technology's Return on Invested Capital [ROIC] was 2.08%, up 2.75 percentage points from the prior year.
- Return on Invested Capital [ROIC] carries a five-year change of +1.14 percentage points (years ended Dec 2020 to Dec 2025).
- Going back by year, Return on Invested Capital [ROIC] was -0.67% in the year ended Dec 31, 2024 (+2.45 pp), -3.12% in the year ended Dec 31, 2023 (-9.93 pp), 6.81% in the year ended Dec 31, 2022 (-20.85 pp) and 27.66% in the year ended Dec 31, 2021 (+26.73 pp).
- The figure for the quarter ended Jun 30, 2026 represents the highest quarterly Return on Invested Capital [ROIC] since the quarter ended Dec 31, 2022.
- Business Quant data shows RLX's Return on Invested Capital [ROIC] at 3.11% (quarter ended Mar 31, 2026), 2.04% (quarter ended Dec 31, 2025) and 1.21% (quarter ended Sep 30, 2025) in the three quarters before the quarter ended Jun 30, 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 292.24 Bn | 273.81 Bn | 7.66 Bn | 30.08% |
| 2 | British American Tobacco p.l.c | 121.70 Bn | 100.85 Bn | - | - |
| 3 | Altria | 112.46 Bn | 98.66 Bn | 3.82 Bn | 38.90% |
| 4 | Curaleaf Holdings | 2.67 Bn | 2.27 Bn | 169.91 Mn | 1.26% |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | 3.64% |
| 6 | Trulieve Cannabis | 2.06 Bn | 674.09 Mn | 162.29 Mn | -26.37% |
| 7 | Green Thumb Industries | 1.30 Bn | 155.26 Mn | 137.87 Mn | 2.41% |
| 8 | Cronos | 1.19 Bn | -2.03 Bn | 28.45 Mn | - |
| 9 | Turning Point Brands | 1.12 Bn | 246.72 Mn | 93.70 Mn | 9.05% |
| 10 | Verano Holdings | 771.72 Mn | 445.33 Mn | 99.70 Mn | -12.28% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.64% |
| Mar 31, 2026 | 3.11% |
| Dec 31, 2025 | 2.04% |
| Sep 30, 2025 | 1.21% |
| Jun 30, 2025 | 0.58% |
| Mar 31, 2025 | 0.13% |
| Dec 31, 2022 | 7.31% |
| Sep 30, 2022 | 14.14% |
| Jun 30, 2022 | 17.86% |
| Mar 31, 2022 | 21.57% |
API Access
RLX Technology Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=RLX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=RLX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();