Zkh (ZKH) EBITDA Margin (2022 - 2026)

Zkh (ZKH) has 4 years of EBITDA Margin data on file, last reported at 0.61% in Q4 2025.

• For the quarter ending Q4 2025, EBITDA Margin fell 155.0% year-over-year to 0.61%; the trailing twelve-month figure through Dec 2025 stood at 2.13% (up 10.0% YoY), and the FY2025 full-year result was 2.02%, up 70.0% from the prior year.
• EBITDA Margin for Q4 2025 stood at 0.61%, up from 1.65% in the prior quarter.
• Across five years, EBITDA Margin topped out at 3.95% in Q4 2023 and bottomed at 10.17% in Q2 2023.
• The 4-year median for EBITDA Margin is 3.35% (2024), against an average of 2.88%.
• The widest annual swing landed in 2023, when EBITDA Margin surged 867 bps; it then tumbled 300 bps in 2024.
• A 4-year view of EBITDA Margin shows it stood at 4.72% in 2022, then jumped by 184 bps to 3.95% in 2023, then tumbled by 76 bps to 0.95% in 2024, then plunged by 164 bps to 0.61% in 2025.
• The last three EBITDA Margin figures came in at 0.61% (Q4 2025), 1.65% (Q3 2025), and 2.68% (Q2 2025), per Business Quant data.

Peer Comparison