Tuya (TUYA) Net Margin (2019 - 2025)
Tuya's (TUYA) annual Net Margin came in at 19.5% in FY2025, up 2355.48% year-over-year from 0.79% in FY2024.
Analysis
Tuya (TUYA) Net Margin (2019 - 2025) Analysis & Trends
Tuya (TUYA) has reported Net Margin for 7 consecutive years, with 19.5% the latest figure, recorded in FY2025.
- For the quarter ending Q2 2026, Net Margin rose 847.0% year-over-year to 24.57%; the trailing twelve-month figure through Jun 2026 stood at 23.82% (up 1499.0% YoY), and the FY2025 full-year result was 19.5%, up 1871.0% from the prior year.
- Net Margin improved to 19.5% in FY2025 per TUYA's latest filing, from 0.79% in the prior year.
- Across five years, Net Margin topped out at 81.96% in FY2022 and bottomed at 58.07% in FY2021.
- Historically, Net Margin has averaged 13.64% across 5 years, with a median of 19.5% in 2025.
- The sharpest annual moves came in 2022 and 2023: Net Margin jumped 14003 bps in 2022, then slumped 5792 bps in 2023.
- Over 5 years, Net Margin stood at 58.07% in 2021, then soared by 241 bps to 81.96% in 2022, then tumbled by 71 bps to 24.04% in 2023, then plunged by 97 bps to 0.79% in 2024, then soared by 2355 bps to 19.5% in 2025.
- According to Business Quant data, Net Margin over the past three periods registered 19.5%, 0.79%, and 24.04% for FY2025, FY2024, and FY2023 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Yr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,639.54 Bn | 3,506.79 Bn | 60.48 Bn | 39.50% |
| 2 | International Business Machines | 223.82 Bn | 212.46 Bn | 9.91 Bn | - |
| 3 | Nebius | 50.79 Bn | 42.75 Bn | 448.70 Mn | - |
| 4 | CoreWeave | 46.01 Bn | 40.47 Bn | 1.70 Bn | - |
| 5 | Nutanix | 18.26 Bn | 16.24 Bn | 610.79 Mn | - |
| 6 | DigitalOcean Holdings | 12.89 Bn | 12.13 Bn | 154.66 Mn | - |
| 7 | Kingsoft Cloud Holdings | 2.58 Bn | 1.89 Bn | 68.71 Mn | - |
| 8 | Tuya | 1.07 Bn | 90.62 Mn | 43.05 Mn | - |
| 9 | SharonAI Holdings | 983.15 Mn | -878.20 Mn | 1.17 Mn | - |
| 10 | Backblaze | 745.27 Mn | 693.89 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 19.50% |
| Dec 31, 2024 | 0.79% |
| Dec 31, 2023 | 24.04% |
| Dec 31, 2022 | 81.96% |
| Dec 31, 2021 | -58.07% |
| Dec 31, 2020 | -37.20% |
| Dec 31, 2019 | -69.86% |