So-Young International (SY) EBT Margin (2018 - 2026)

So-Young International's (SY) quarterly EBT Margin came in at 11.78% in Q1 2026, down 8.0% year-on-year from 12.8% in Q1 2025, and up 52.71% quarter-over-quarter from 24.9% in Q4 2025.

So-Young International (SY) EBT Margin (2018 - 2026) Analysis & Trends

So-Young International's EBT Margin history runs 9 years deep, the most recent figure standing at 11.78% for Q1 2026.

  • On a quarterly basis, EBT Margin fell 8.0% year-over-year to 11.78% in Q1 2026; TTM through Mar 2026 was 15.83%, a 2510.0% increase from a year earlier, with the FY2025 full-year figure at 16.16%, up 2394.0% from the prior year.
  • EBT Margin climbed to 11.78% in Q1 2026 per SY's latest filing, from 24.9% in the prior quarter.
  • Across five years, EBT Margin topped out at 9.03% in Q4 2022 and bottomed at 164.09% in Q4 2024.
  • The 5-year median for EBT Margin is 7.15% (2024), against an average of 15.43%.
  • Across the five-year window, EBT Margin sank 16624 bps in 2024 and surged 13919 bps in 2025, its largest moves.
  • Year by year, EBT Margin stood at 9.03% in 2022, then slumped by 76 bps to 2.15% in 2023, then tumbled by 7743 bps to 164.09% in 2024, then surged by 85 bps to 24.9% in 2025, then soared by 53 bps to 11.78% in 2026.
  • Per Business Quant, the three latest SY EBT Margin figures stand at 11.78% (Q1 2026), 24.9% (Q4 2025), and 16.47% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT Margin (Qtr)
1 Veeva Systems 29.34 Bn 22.03 Bn 662.02 Mn 39.36%
2 BrightSpring Health Services 13.49 Bn 12.59 Bn 482.22 Mn 2.29%
3 Healthequity 7.96 Bn 7.70 Bn 256.31 Mn 26.06%
4 10x Genomics 6.17 Bn 5.63 Bn 106.18 Mn -8.52%
5 Hinge Health 6.02 Bn 5.70 Bn 154.23 Mn 19.72%
6 MiniMed 4.19 Bn 3.89 Bn 480.00 Mn -10.99%
7 Waystar Holding 4.14 Bn 4.07 Bn 216.84 Mn 19.06%
8 Doximity 3.82 Bn 3.08 Bn 125.97 Mn 22.10%
9 Privia Health 3.10 Bn 2.73 Bn - 1.54%
10 So-Young International 149.13 Mn 34.00 Mn 26.35 Mn -11.78%

Historic Data

Download Data
DateValue
Mar 31, 2026 -11.78%
Dec 31, 2025 -24.90%
Sep 30, 2025 -16.47%
Jun 30, 2025 -8.69%
Mar 31, 2025 -11.69%
Dec 31, 2024 -164.09%
Sep 30, 2024 6.17%
Jun 30, 2024 4.31%
Mar 31, 2024 -7.15%
Dec 31, 2023 2.15%
Sep 30, 2023 4.40%
Jun 30, 2023 -0.51%
Mar 31, 2023 -4.96%
Dec 31, 2022 9.03%
Sep 30, 2022 -4.52%
Jun 30, 2022 -10.55%
Mar 31, 2022 -23.04%
Dec 31, 2021 -9.66%
Sep 30, 2021 2.36%
Jun 30, 2021 14.92%