So-Young International (SY) Net Margin (2018 - 2026)
So-Young International (SY) posted Net Margin of 5.84% for Q2 2026, up 50.93% on a QoQ basis from 11.9% in Q1 2026, and up 236.0% year-over-year from 1.74% in Q2 2025.
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Analysis
So-Young International (SY) Net Margin (2018 - 2026) Analysis & Trends
So-Young International has reported Net Margin for 9 years, with the latest figure at 5.84% in Q2 2026.
- On a quarterly basis, Net Margin rose 236.0% year-over-year to 5.84% in Q2 2026; TTM through Jun 2026 was 14.39%, a 3047.0% increase from a year earlier, with the FY2025 full-year figure at 15.68%, up 2515.0% from the prior year.
- Net Margin was 5.84% for Q2 2026 at So-Young International, up from 11.9% in the prior quarter.
- The five-year high for Net Margin was 8.28% in Q4 2022, with the low at 163.51% in Q4 2024.
- Average Net Margin over 5 years is 15.57%, with a median of 8.07% recorded in 2024.
- The sharpest annual moves came in 2024 and 2025: Net Margin sank 16289 bps in 2024, then soared 13848 bps in 2025.
- Over 5 years, Net Margin stood at 8.28% in 2022, then plunged by 108 bps to 0.63% in 2023, then sank by 25972 bps to 163.51% in 2024, then soared by 85 bps to 25.04% in 2025, then jumped by 77 bps to 5.84% in 2026.
- The last three Net Margin figures came in at 5.84% (Q2 2026), 11.9% (Q1 2026), and 25.04% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Davita | 11.76 Bn | 12.64 Bn | 1.16 Bn | 9.66% |
| 2 | RadNet | 5.80 Bn | 5.37 Bn | 88.08 Mn | 3.25% |
| 3 | Concentra Group Holdings Parent | 4.40 Bn | 4.26 Bn | 192.10 Mn | 11.10% |
| 4 | Privia Health | 2.61 Bn | 2.25 Bn | - | 1.54% |
| 5 | Pediatrix Medical | 2.20 Bn | 1.79 Bn | - | 8.17% |
| 6 | Fresenius Medical Care AG | 2.11 Bn | 1.41 Bn | 1.52 Bn | 4.49% |
| 7 | Progyny | 2.01 Bn | 1.77 Bn | 89.30 Mn | 8.00% |
| 8 | Surgery Partners | 1.87 Bn | 3.08 Bn | 622.10 Mn | 3.50% |
| 9 | U S Physical Therapy | 1.18 Bn | 1.47 Bn | 41.94 Mn | 6.96% |
| 10 | So-Young International | 42.55 Mn | -72.69 Mn | 32.84 Mn | -5.84% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -5.84% |
| Mar 31, 2026 | -11.90% |
| Dec 31, 2025 | -25.04% |
| Sep 30, 2025 | -16.09% |
| Jun 30, 2025 | -8.20% |
| Mar 31, 2025 | -12.23% |
| Dec 31, 2024 | -163.51% |
| Sep 30, 2024 | 6.59% |
| Jun 30, 2024 | 3.69% |
| Mar 31, 2024 | -7.95% |
| Dec 31, 2023 | -0.63% |
| Sep 30, 2023 | 3.86% |
| Jun 30, 2023 | -0.70% |
| Mar 31, 2023 | -6.36% |
| Dec 31, 2022 | 8.28% |
| Sep 30, 2022 | -10.00% |
| Jun 30, 2022 | -10.57% |
| Mar 31, 2022 | -23.70% |
| Dec 31, 2021 | -7.40% |
| Sep 30, 2021 | 3.34% |