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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioGross MarginInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

So-Young International (SY) Operating Margin (2018 - 2025)

So-Young International has reported Operating Margin over the past 8 years, most recently at 26.69% for Q4 2025.

  • For Q4 2025, Operating Margin rose 13557.0% year-over-year to 26.69%; the TTM value through Dec 2025 reached 18.85%, up 2316.0%, while the annual FY2025 figure was 18.79%, 2379.0% up from the prior year.
  • Operating Margin for Q4 2025 was 26.69% at So-Young International, down from 18.8% in the prior quarter.
  • Over five years, Operating Margin peaked at 12.77% in Q2 2021 and troughed at 162.25% in Q4 2024.
  • A 5-year average of 15.29% and a median of 10.89% in 2021 define the central range for Operating Margin.
  • Biggest five-year swings in Operating Margin: tumbled -16100bps in 2024 and later surged 13557bps in 2025.
  • Year by year, Operating Margin stood at 11.01% in 2021, then soared by 168bps to 7.49% in 2022, then plummeted by -117bps to 1.26% in 2023, then plummeted by -12817bps to 162.25% in 2024, then surged by 84bps to 26.69% in 2025.
  • Business Quant data shows Operating Margin for SY at 26.69% in Q4 2025, 18.8% in Q3 2025, and 12.44% in Q2 2025.