Zkh (ZKH) Net Margin (2021 - 2025)

Zkh's (ZKH) annual Net Margin came in at 1.55% in FY2025, up 49.18% year-over-year from 3.06% in FY2024.

Zkh (ZKH) Net Margin (2021 - 2025) Analysis & Trends

Zkh (ZKH) has 5 years of Net Margin data on file, last reported at 1.55% in FY2025.

Quarterly Net Margin rose 297.0% year-over-year to 0.48% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.9% (up 187.0% YoY) and the FY2025 annual result came in at 1.55%, up 150.0% from the prior year.
Net Margin grew to 1.55% in FY2025, from 3.06% in the prior year.
In the past five years, Net Margin ranged from a high of 1.55% in FY2025 to a low of 18.97% in FY2021.
A 5-year average of 9.92% and a median of 11.06% in 2023 frame the typical range for Net Margin.
Annual changes were most pronounced in 2024 — Net Margin surged 800 bps — and 2025, when it soared 150 bps.
Tracing ZKH's Net Margin over 5 years: stood at 18.97% in 2021, then increased by 21 bps to 14.97% in 2022, then gained by 26 bps to 11.06% in 2023, then surged by 72 bps to 3.06% in 2024, then soared by 49 bps to 1.55% in 2025.
The last three Net Margin figures came in at 1.55% (FY2025), 3.06% (FY2024), and 11.06% (FY2023), per Business Quant data.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Net Margin (Yr)
1	Amazon Com	2,865.58 Bn	2,742.60 Bn	198.88 Bn	-
2	PDD Holdings	472.15 Bn	412.61 Bn	9.83 Bn	22.66%
3	DoorDash	93.73 Bn	88.38 Bn	2.35 Bn	-
4	Mercadolibre	92.41 Bn	77.22 Bn	4.16 Bn	-
5	JD.com	80.21 Bn	51.03 Bn	7.66 Bn	-
6	Sea	73.19 Bn	64.67 Bn	3.15 Bn	-
7	Ebay	46.22 Bn	42.91 Bn	2.30 Bn	-
8	Coupang	29.15 Bn	23.04 Bn	2.49 Bn	-
9	Zkh	16.47 Bn	16.47 Bn	51.11 Mn	-
10	Wayfair	13.43 Bn	12.29 Bn	1.05 Bn	-

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