Tuya (TUYA) Net Margin (2020 - 2026)
Tuya's (TUYA) quarterly Net Margin came in at 19.5% in Q1 2026, up 475.0% YoY from 3.39% in Q1 2025, and down 14.68% on a QoQ basis from 22.86% in Q4 2025.
Tuya (TUYA) Net Margin (2020 - 2026) Analysis & Trends
Tuya (TUYA) has 7 years of Net Margin data on file, last reported at 19.5% in 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 slipped to 19.5% in Q1 2026, from 22.86% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 22.86% in Q4 2025 to a low of 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 slumped 2805 bps — and 2023, when it jumped 6103 bps.
- Tracing TUYA's Net Margin over 5 years: stood at 46.61% in 2022, then jumped by 64 bps to 16.79% in 2023, then jumped by 171 bps to 11.92% in 2024, then surged by 92 bps to 22.86% in 2025, then retreated by 15 bps to 19.5% in 2026.
- The last three Net Margin figures came in at 19.5% (Q1 2026), 22.86% (Q4 2025), and 18.15% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 36.78% |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 30.88% |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 55.08% |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | -5.90% |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 29.55% |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | -24.42% |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 2.69% |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | -24.31% |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 1.32% |
| 10 | Tuya | 2.23 Bn | -948.93 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 | -64.79% |
| Sep 30, 2021 | -55.79% |
| Jun 30, 2021 | -45.04% |
| Mar 31, 2021 | -71.28% |