So-Young International (SY) EBITDA Margin (2018 - 2026)
So-Young International's (SY) quarterly EBITDA Margin came in at 13.32% in Q1 2026, up 128.0% year-on-year from 5.84% in Q1 2025, and up 50.08% quarter-over-quarter from 26.69% in Q4 2025.
So-Young International (SY) EBITDA Margin (2018 - 2026) Analysis & Trends
So-Young International's EBITDA Margin history runs 9 years deep, the most recent figure standing at 13.32% for Q1 2026.
- On a quarterly basis, EBITDA Margin rose 128.0% year-over-year to 13.32% in Q1 2026; TTM through Mar 2026 was 18.07%, a 2503.0% increase from a year earlier, with the FY2025 full-year figure at 18.79%, up 2379.0% from the prior year.
- EBITDA Margin advanced to 13.32% in Q1 2026 per SY's latest filing, from 26.69% in the prior quarter.
- Across five years, EBITDA Margin topped out at 7.49% in Q4 2022 and bottomed at 162.25% in Q4 2024.
- The 5-year median for EBITDA Margin is 11.69% (2024), against an average of 18.16%.
- Across the five-year window, EBITDA Margin slumped 16100 bps in 2024 and jumped 13557 bps in 2025, its largest moves.
- Year by year, EBITDA Margin stood at 7.49% in 2022, then slumped by 117 bps to 1.26% in 2023, then plunged by 12817 bps to 162.25% in 2024, then soared by 84 bps to 26.69% in 2025, then jumped by 50 bps to 13.32% in 2026.
- Per Business Quant, the three latest SY EBITDA Margin figures stand at 13.32% (Q1 2026), 26.69% (Q4 2025), and 18.7% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 31.89 Bn | 24.57 Bn | 662.02 Mn | 30.93% |
| 2 | BrightSpring Health Services | 14.72 Bn | 13.81 Bn | 482.22 Mn | 3.36% |
| 3 | Healthequity | 8.31 Bn | 8.05 Bn | 256.31 Mn | 29.03% |
| 4 | Hinge Health | 5.98 Bn | 5.66 Bn | 154.23 Mn | 17.59% |
| 5 | 10x Genomics | 5.89 Bn | 5.35 Bn | 106.18 Mn | -11.30% |
| 6 | MiniMed | 4.54 Bn | 4.24 Bn | 480.00 Mn | -11.11% |
| 7 | Waystar Holding | 4.48 Bn | 4.41 Bn | 216.84 Mn | 25.64% |
| 8 | Doximity | 3.95 Bn | 3.20 Bn | 125.97 Mn | 17.08% |
| 9 | Privia Health | 3.16 Bn | 2.74 Bn | - | 1.23% |
| 10 | So-Young International | 155.73 Mn | 40.60 Mn | 26.35 Mn | -13.32% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -13.32% |
| Dec 31, 2025 | -26.69% |
| Sep 30, 2025 | -18.70% |
| Jun 30, 2025 | -12.32% |
| Mar 31, 2025 | -14.60% |
| Dec 31, 2024 | -162.25% |
| Sep 30, 2024 | 1.26% |
| Jun 30, 2024 | 1.65% |
| Mar 31, 2024 | -11.69% |
| Dec 31, 2023 | -1.26% |
| Sep 30, 2023 | -0.52% |
| Jun 30, 2023 | -5.03% |
| Mar 31, 2023 | -10.82% |
| Dec 31, 2022 | 7.49% |
| Sep 30, 2022 | -2.27% |
| Jun 30, 2022 | -13.81% |
| Mar 31, 2022 | -25.89% |
| Dec 31, 2021 | -11.01% |
| Sep 30, 2021 | 4.45% |
| Jun 30, 2021 | 12.77% |