So-Young International (SY) Net Margin (2018 - 2026)
So-Young International's (SY) quarterly Net Margin came in at 11.9% in Q1 2026, up 33.0% year-on-year from 8.95% in Q1 2025, and up 52.21% quarter-over-quarter from 24.9% in Q4 2025.
So-Young International (SY) Net Margin (2018 - 2026) Analysis & Trends
So-Young International's Net Margin history runs 9 years deep, the most recent figure standing at 11.9% for Q1 2026.
- On a quarterly basis, Net Margin rose 33.0% year-over-year to 11.9% in Q1 2026; TTM through Mar 2026 was 10.12%, a 762.0% decrease from a year earlier, with the FY2025 full-year figure at 15.68%, up 2515.0% from the prior year.
- Net Margin improved to 11.9% in Q1 2026 per SY's latest filing, from 24.9% in the prior quarter.
- Across five years, Net Margin topped out at 0.0% in Q4 2022 and bottomed at 24.9% in Q4 2025.
- The 5-year median for Net Margin is 0.0% (2024), against an average of 3.06%.
- Across the five-year window, Net Margin sank 2490 bps in 2025 and soared 33 bps in 2026, its largest moves.
- Year by year, Net Margin stood at 0.0% in 2022, then sank by 57 bps to 0.0% in 2023, then slumped by 3906 bps to 0.0% in 2024, then sank by 1199563898 bps to 24.9% in 2025, then soared by 52 bps to 11.9% in 2026.
- Per Business Quant, the three latest SY Net Margin figures stand at 11.9% (Q1 2026), 24.9% (Q4 2025), and 0.0% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 29.34 Bn | 22.03 Bn | 662.02 Mn | 29.55% |
| 2 | BrightSpring Health Services | 13.49 Bn | 12.59 Bn | 482.22 Mn | 4.12% |
| 3 | Healthequity | 7.96 Bn | 7.70 Bn | 256.31 Mn | 19.57% |
| 4 | 10x Genomics | 6.17 Bn | 5.63 Bn | 106.18 Mn | -8.93% |
| 5 | Hinge Health | 6.02 Bn | 5.70 Bn | 154.23 Mn | 18.66% |
| 6 | MiniMed | 4.19 Bn | 3.89 Bn | 480.00 Mn | -22.10% |
| 7 | Waystar Holding | 4.14 Bn | 4.07 Bn | 216.84 Mn | 13.79% |
| 8 | Doximity | 3.82 Bn | 3.08 Bn | 125.97 Mn | 13.15% |
| 9 | Privia Health | 3.10 Bn | 2.73 Bn | - | 0.61% |
| 10 | So-Young International | 149.13 Mn | 34.00 Mn | 26.35 Mn | -11.90% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -11.90% |
| Dec 31, 2025 | -24.90% |
| Sep 30, 2025 | 0.00% |
| Jun 30, 2025 | 0.00% |
| Mar 31, 2025 | -12.23% |
| Dec 31, 2024 | 0.00% |
| Sep 30, 2024 | 0.00% |
| Jun 30, 2024 | 0.00% |
| Mar 31, 2024 | 0.00% |
| Dec 31, 2023 | 0.00% |
| Sep 30, 2023 | 0.00% |
| Jun 30, 2023 | 0.00% |
| Mar 31, 2023 | 0.00% |
| Dec 31, 2022 | 0.00% |
| Jun 30, 2022 | 0.00% |
| Mar 31, 2022 | 0.00% |
| Dec 31, 2021 | 0.00% |
| Sep 30, 2021 | 0.00% |
| Jun 30, 2021 | 0.00% |
| Mar 31, 2021 | 0.00% |