Yatsen Holding (YSG) Gross Margin (2019 - 2025)
Yatsen Holding (YSG) recorded quarterly Gross Margin of 77.66% in Q4 2025, down 0.65% quarter-over-quarter from 78.17% in Q3 2025, and down 9.0% on a YoY basis from 85.35% in Q4 2024.
Yatsen Holding (YSG) Gross Margin (2019 - 2025) Analysis & Trends
Yatsen Holding's Gross Margin history runs 7 years deep, the most recent figure standing at 77.66% for Q4 2025.
- In Q4 2025, Gross Margin fell 9.0% year-over-year to 77.66%; the TTM figure through Dec 2025 stood at 78.2% (up 108.0% YoY), while the FY2025 annual figure was 78.2%, up 108.0% from the prior year.
- Gross Margin was 77.66% for Q4 2025 at Yatsen Holding, down from 78.17% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 79.08% in Q1 2025 to a low of 62.86% in Q2 2022.
- Historically, Gross Margin has averaged 72.72% across 5 years, with a median of 73.98% in 2023.
- The sharpest annual moves came in 2022 and 2023: Gross Margin sank 286 bps in 2022, then jumped 1187 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 64.99% in 2021, then increased by 9 bps to 71.07% in 2022, then gained by 4 bps to 73.66% in 2023, then climbed by 6 bps to 77.75% in 2024, then dropped by 0 bps to 77.66% in 2025.
- The last three Gross Margin figures came in at 77.66% (Q4 2025), 78.17% (Q3 2025), and 78.25% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tantech Holdings | 587.03 Bn | 587.00 Bn | - | - |
| 2 | Procter & Gamble | 346.82 Bn | 334.74 Bn | 10.51 Bn | 49.51% |
| 3 | Unilever | 145.94 Bn | 135.46 Bn | - | - |
| 4 | Colgate Palmolive | 70.39 Bn | 69.40 Bn | 3.23 Bn | 60.59% |
| 5 | Kenvue | 34.34 Bn | 34.23 Bn | 2.30 Bn | 58.89% |
| 6 | Kimberly Clark | 33.38 Bn | 32.96 Bn | 1.53 Bn | 36.85% |
| 7 | Estee Lauder Companies | 31.47 Bn | 28.34 Bn | 2.84 Bn | 76.40% |
| 8 | Church & Dwight | 22.92 Bn | 22.42 Bn | 681.40 Mn | 46.38% |
| 9 | Clorox | 11.90 Bn | 10.87 Bn | 722.00 Mn | 43.23% |
| 10 | Yatsen Holding | 816.71 Mn | 672.51 Mn | 153.20 Mn | 77.66% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 77.66% |
| Sep 30, 2025 | 78.17% |
| Jun 30, 2025 | 78.25% |
| Mar 31, 2025 | 79.08% |
| Dec 31, 2024 | 77.75% |
| Sep 30, 2024 | 75.90% |
| Jun 30, 2024 | 76.70% |
| Mar 31, 2024 | 77.71% |
| Dec 31, 2023 | 73.66% |
| Sep 30, 2023 | 71.41% |
| Jun 30, 2023 | 74.74% |
| Mar 31, 2023 | 74.31% |
| Dec 31, 2022 | 71.07% |
| Sep 30, 2022 | 68.92% |
| Jun 30, 2022 | 62.86% |
| Mar 31, 2022 | 68.98% |
| Dec 31, 2021 | 64.99% |
| Sep 30, 2021 | 67.92% |
| Jun 30, 2021 | 65.73% |
| Mar 31, 2021 | 68.65% |