Yatsen Holding (YSG) Gross Margin (2019 - 2025)
Yatsen Holding (YSG) posted quarterly Gross Margin of 77.66% for Q4 2025, down 9.0% year-over-year from 85.35% in Q4 2024, and down 0.65% quarter-over-quarter from 78.17% in Q3 2025.
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 for Q4 2025 stood at 77.66%, down from 78.17% in the prior quarter.
- The five-year high for Gross Margin was 79.08% in Q1 2025, with the low at 62.86% in Q2 2022.
- The 5-year median for Gross Margin is 73.98% (2023), against an average of 72.72%.
- The sharpest annual moves came in 2022 and 2023: Gross Margin plunged 286 bps in 2022, then soared 1187 bps in 2023.
- Yatsen Holding's Gross Margin stood at 64.99% in 2021, then grew by 9 bps to 71.07% in 2022, then rose by 4 bps to 73.66% in 2023, then advanced by 6 bps to 77.75% in 2024, then slipped by 0 bps to 77.66% in 2025.
- Business Quant data shows YSG's Gross Margin at 77.66% in Q4 2025, 78.17% in Q3 2025, and 78.25% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Procter & Gamble | 334.68 Bn | 324.73 Bn | 10.28 Bn | 48.50% |
| 2 | Unilever | 135.06 Bn | 122.54 Bn | - | - |
| 3 | Colgate Palmolive | 73.11 Bn | 71.74 Bn | 3.30 Bn | 61.48% |
| 4 | Kenvue | 36.14 Bn | 35.03 Bn | 2.30 Bn | 58.18% |
| 5 | Kimberly Clark | 35.84 Bn | 34.89 Bn | 1.60 Bn | 38.27% |
| 6 | Estee Lauder Companies | 30.63 Bn | 27.51 Bn | 2.84 Bn | 76.40% |
| 7 | Church & Dwight | 23.49 Bn | 23.23 Bn | 693.90 Mn | 45.35% |
| 8 | Clorox | 12.90 Bn | 12.75 Bn | 804.00 Mn | 41.27% |
| 9 | Yatsen Holding | 5.79 Bn | 5.65 Bn | 153.20 Mn | 77.66% |
| 10 | e.l.f. Beauty | 5.48 Bn | 5.13 Bn | 398.84 Mn | 83.20% |
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% |