Tuya (TUYA) Net Margin (2020 - 2026)
Tuya's Net Margin came in at 20.05% for Q2 2026, up 4.34 percentage points from 15.71% a year earlier and up 0.55 percentage points from the prior quarter.
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Analysis
Tuya (TUYA) Net Margin (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Tuya reported Net Margin of 20.16%, up 11.05 percentage points year-over-year; for FY2025, it was 17.99%, up 16.32 percentage points from FY2024.
- Net Margin has increased in each of the last three years, with a five-year change of +55.19 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was 1.67% in FY2024 (+27.90 pp), -26.23% in FY2023 (+43.99 pp), -70.22% in FY2022 (-12.15 pp) and -58.07% in FY2021 (-20.87 pp).
- The five-year range for quarterly Net Margin is -99.33% (Q1 2022) to 22.86% (Q4 2025).
- Year-over-year, Net Margin has increased for 15 consecutive quarters, with an average year-over-year change of +13.36 percentage points over the last eight quarters.
- The fastest year-over-year change in Net Margin over five years came in Q3 2023 (a gain of 64.44 percentage points), and the weakest in Q4 2021 (a drop of 35.98 percentage points).
- Business Quant data shows TUYA's Net Margin at 19.50% (Q1 2026), 22.86% (Q4 2025) and 18.15% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,781.98 Bn | 3,705.13 Bn | 60.48 Bn | 39.74% |
| 2 | International Business Machines | 207.92 Bn | 158.82 Bn | 9.91 Bn | 12.62% |
| 3 | Cloudflare | 114.07 Bn | 97.60 Bn | 499.52 Mn | -24.42% |
| 4 | Equinix | 99.76 Bn | 88.32 Bn | 1.40 Bn | 18.25% |
| 5 | Nebius | 58.67 Bn | 32.10 Bn | 448.70 Mn | -32.70% |
| 6 | CoreWeave | 46.87 Bn | 33.97 Bn | 1.70 Bn | -24.31% |
| 7 | Verisign | 25.50 Bn | 22.71 Bn | 384.60 Mn | 49.82% |
| 8 | Nutanix | 18.59 Bn | 10.27 Bn | 651.35 Mn | 167.85% |
| 9 | Akamai Technologies | 15.65 Bn | 9.06 Bn | 613.75 Mn | 7.22% |
| 10 | Tuya | 1.05 Bn | -2.80 Bn | 43.05 Mn | 20.05% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.05% |
| Mar 31, 2026 | 19.50% |
| Dec 31, 2025 | 22.86% |
| Sep 30, 2025 | 18.15% |
| Jun 30, 2025 | 15.71% |
| Mar 31, 2025 | 14.75% |
| Dec 31, 2024 | 11.92% |
| Sep 30, 2024 | -5.36% |
| Jun 30, 2024 | 4.27% |
| Mar 31, 2024 | -5.75% |
| Dec 31, 2023 | -16.79% |
| Sep 30, 2023 | -8.03% |
| Jun 30, 2023 | -41.31% |
| Mar 31, 2023 | -44.32% |
| Dec 31, 2022 | -50.19% |
| Sep 30, 2022 | -72.47% |
| Jun 30, 2022 | -57.35% |
| Mar 31, 2022 | -99.33% |
| Dec 31, 2021 | -65.15% |
| Sep 30, 2021 | -55.99% |
API Access
Tuya 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=TUYA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "TUYA", "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=TUYA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();