So-Young International (SY) Equity Ratio (2018 - 2025)
So-Young International (SY) posted Equity Ratio of 0.63 for Q4 2025, down 6.33% on a QoQ basis from 0.67 in Q4 2024, and down 6.33% year-over-year from 0.67 in Q4 2024.
So-Young International (SY) has 8 years of Equity Ratio data on file, last reported at 0.63 in Q4 2025.
- In Q4 2025, Equity Ratio fell 6.33% year-over-year to 0.63; the TTM figure through Dec 2025 stood at 0.63 (down 6.33% YoY), while the FY2025 annual figure was 0.63, down 12.05% from the prior year.
- Equity Ratio eased to 0.63 in Q4 2025, from 0.67 in the prior quarter.
- Across five years, Equity Ratio topped out at 0.82 in Q4 2022 and bottomed at 0.63 in Q4 2025.
- A 5-year average of 0.73 and a median of 0.76 in 2021 frame the typical range for Equity Ratio.
- Annual changes were most pronounced in 2022 — Equity Ratio grew 7.9% — and 2024, when it fell 15.61%.
- Year by year, Equity Ratio stood at 0.76 in 2021, then gained by 7.9% to 0.82 in 2022, then fell by 2.3% to 0.8 in 2023, then slipped by 15.61% to 0.67 in 2024, then slipped by 6.33% to 0.63 in 2025.
- The last three Equity Ratio figures came in at 0.63 (Q4 2025), 0.67 (Q4 2024), and 0.8 (Q4 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 0.80 |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | 0.32 |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 0.62 |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 0.15 |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 0.85 |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 0.67 |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | 0.80 |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | 0.53 |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 0.63 |
| 10 | So-Young International | 28.43 Mn | -78.18 Mn | 26.35 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 0.63 |
| Sep 30, 2025 | 0.68 |
| Dec 31, 2024 | 0.67 |
| Dec 31, 2023 | 0.80 |
| Jun 30, 2023 | 0.80 |
| Dec 31, 2022 | 0.82 |
| Sep 30, 2022 | 0.77 |
| Jun 30, 2022 | 0.77 |
| Mar 31, 2022 | 759,099.41 |
| Dec 31, 2021 | 0.76 |
| Mar 31, 2021 | 0.79 |
| Dec 31, 2020 | 0.79 |
| Sep 30, 2020 | 0.81 |
| Jun 30, 2020 | 0.81 |
| Mar 31, 2020 | 0.83 |
| Dec 31, 2019 | 0.82 |
| Sep 30, 2019 | 0.82 |
| Jun 30, 2019 | 0.82 |
| Dec 31, 2018 | -0.27 |