Tuya (TUYA) Net Margin (2020 - 2026)
Tuya (TUYA) posted Net Margin of 19.5% for Q1 2026, down 14.68% on a QoQ basis from 22.86% in Q4 2025, and up 475.0% year-over-year from 3.39% in Q1 2025.
Tuya (TUYA) Net Margin (2020 - 2026) Analysis & Trends
Tuya's Net Margin history runs 7 years deep, the most recent figure standing at 19.5% for Q1 2026.
- Quarterly Net Margin rose 475.0% year-over-year to 19.5% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 18.94% (up 1266.0% YoY) and the FY2025 annual result came in at 17.99%, up 1632.0% from the prior year.
- Net Margin was 19.5% for Q1 2026 at Tuya, down from 22.86% in the prior quarter.
- Across five years, Net Margin topped out at 22.86% in Q4 2025 and bottomed at 99.33% in Q1 2022.
- A 5-year average of 18.9% and a median of 6.89% in 2024 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2022 — Net Margin sank 2805 bps — and 2023, when it jumped 6103 bps.
- Tuya's Net Margin stood at 46.61% in 2022, then soared by 64 bps to 16.79% in 2023, then soared by 171 bps to 11.92% in 2024, then jumped by 92 bps to 22.86% in 2025, then slipped by 15 bps to 19.5% in 2026.
- Business Quant data shows TUYA's Net Margin at 19.5% in Q1 2026, 22.86% in Q4 2025, and 18.15% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,842.90 Bn | 2,718.46 Bn | 56.06 Bn | 38.34% |
| 2 | PagSeguro Digital | 2,572.26 Bn | 2,572.26 Bn | 358.92 Mn | 13.90% |
| 3 | Oracle | 329.59 Bn | 297.69 Bn | - | 30.88% |
| 4 | Repay Holdings | 314.63 Bn | 314.48 Bn | - | - |
| 5 | Palantir Technologies | 294.47 Bn | 286.44 Bn | 1.42 Bn | 53.68% |
| 6 | Palo Alto Networks | 227.51 Bn | 222.98 Bn | 1.91 Bn | 16.65% |
| 7 | CrowdStrike Holdings | 183.28 Bn | 180.18 Bn | 993.68 Mn | 4.71% |
| 8 | Fortinet | 112.44 Bn | 109.14 Bn | 1.49 Bn | 28.90% |
| 9 | Cloudflare | 92.78 Bn | 91.83 Bn | 455.60 Mn | -3.58% |
| 10 | Tuya | 1.01 Bn | -950.14 Bn | 37.90 Mn | 19.50% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.50% |
| Dec 31, 2025 | 22.86% |
| Sep 30, 2025 | 18.15% |
| 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 | -46.61% |
| Sep 30, 2022 | -69.06% |
| Jun 30, 2022 | -57.35% |
| Mar 31, 2022 | -99.33% |
| Dec 31, 2021 | -65.15% |
| Sep 30, 2021 | -55.99% |
| Jun 30, 2021 | -45.04% |
| Mar 31, 2021 | -71.28% |