Zkh (ZKH) Net Margin (2022 - 2026)

Zkh (ZKH) has 4 years of Net Margin data on file, last reported at 0.23% in Q4 2025.

• For the quarter ending Q4 2025, Net Margin rose 143.0% year-over-year to 0.23%; the trailing twelve-month figure through Dec 2025 stood at 1.51% (up 153.0% YoY), and the FY2025 full-year result was 1.54%, up 157.0% from the prior year.
• Net Margin for Q4 2025 stood at 0.23%, up from 1.04% in the prior quarter.
• Across five years, Net Margin topped out at 13.98% in Q2 2023 and bottomed at 4.88% in Q1 2024.
• The 4-year median for Net Margin is 1.21% (2024), against an average of 0.26%.
• The widest annual swing landed in 2023, when Net Margin surged 454 bps; it then slumped 1692 bps in 2024.
• A 4-year view of Net Margin shows it stood at 0.45% in 2022, then surged by 1016 bps to 4.09% in 2023, then plunged by 129 bps to 1.21% in 2024, then jumped by 119 bps to 0.23% in 2025.
• The last three Net Margin figures came in at 0.23% (Q4 2025), 1.04% (Q3 2025), and 2.45% (Q2 2025), per Business Quant data.

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