So-Young International (SY) Net Margin (2018 - 2026)
So-Young International (SY) posted Net Margin of -4.48% for Q2 2026, up 5.04 percentage points from -9.51% a year earlier and up 6.84 percentage points from the prior quarter.
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Analysis
So-Young International (SY) Net Margin (2018 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Net Margin at So-Young International was -13.59%, up 32.00 percentage points year-over-year; for FY2025, it came in at -15.48%, up 25.35 percentage points from FY2024.
- Annual Net Margin shows a five-year change of -15.93 percentage points (FY2020 to FY2025).
- In prior years, So-Young International's Net Margin was -40.83% in FY2024 (-42.26 pp), 1.43% in FY2023 (+6.78 pp), -5.35% in FY2022 (-3.00 pp) and -2.35% in FY2021 (-2.80 pp).
- The Q2 2026 figure stands as the highest quarterly Net Margin since Q3 2024.
- On a year-over-year basis, Net Margin increased in three of the last eight quarters, with an average year-over-year change of -7.89 percentage points.
- The strongest year-over-year quarter for Net Margin in the past five years was Q4 2025, with a gain of 140.93 percentage points; the weakest was Q4 2024, with a drop of 169.04 percentage points.
- According to Business Quant data, Net Margin for the three prior quarters was -11.32% (Q1 2026), -23.63% (Q4 2025) and -16.53% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 94.29 Bn | 93.74 Bn | - | 8.40% |
| 2 | Natera | 59.14 Bn | 54.82 Bn | 485.19 Mn | -8.90% |
| 3 | Quest Diagnostics | 26.23 Bn | 24.66 Bn | 1.03 Bn | 10.52% |
| 4 | Labcorp Holdings | 25.04 Bn | 22.81 Bn | 1.11 Bn | 8.01% |
| 5 | Guardant Health | 23.69 Bn | 19.76 Bn | 219.03 Mn | -35.87% |
| 6 | Tenet Healthcare | 20.77 Bn | 11.92 Bn | - | 14.68% |
| 7 | Tempus AI | 14.91 Bn | 11.94 Bn | 246.50 Mn | 1.48% |
| 8 | Encompass Health | 12.24 Bn | 12.70 Bn | - | 9.63% |
| 9 | Davita | 11.39 Bn | 10.15 Bn | 1.16 Bn | 7.47% |
| 10 | So-Young International | 41.47 Mn | -434.09 Mn | 32.84 Mn | -4.48% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -4.48% |
| Mar 31, 2026 | -11.32% |
| Dec 31, 2025 | -23.63% |
| Sep 30, 2025 | -16.53% |
| Jun 30, 2025 | -9.51% |
| Mar 31, 2025 | -11.13% |
| Dec 31, 2024 | -164.56% |
| Sep 30, 2024 | 5.36% |
| Jun 30, 2024 | 4.67% |
| Mar 31, 2024 | -6.74% |
| Dec 31, 2023 | 4.48% |
| Sep 30, 2023 | 4.75% |
| Jun 30, 2023 | -0.63% |
| Mar 31, 2023 | -3.85% |
| Dec 31, 2022 | 9.62% |
| Sep 30, 2022 | 0.74% |
| Jun 30, 2022 | -10.61% |
| Mar 31, 2022 | -22.23% |
| Dec 31, 2021 | -6.17% |
| Sep 30, 2021 | 1.56% |
API Access
So-Young International Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=SY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "SY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=SY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();