Stocktoria
RLX Technology Inc. RLX
RLX Technology Inc. statistics & valuation
Profitability & efficiency
Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).
P / E vs its own history
RLX Technology Inc. trades at about 20.2× earnings — below its 10-year norm (10-year range 14.9×–37.6×, median 23.1×).
14.9×
37.6×
Shaded band = 10-year range (14.9×–37.6×); dot = today's 20.2×.
Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.
Key ratios (by fiscal year)
| Ratio | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Gross margin | 29.9% | 26.4% | 24.4% | 43.2% | 43.1% | 40.0% | 37.5% |
| Operating margin | 8.3% | -3.9% | -31.3% | 19.9% | 27.0% | 0.3% | 3.6% |
| Net margin | 23.3% | 20.1% | 33.7% | 27.0% | 23.8% | -3.4% | 3.1% |
| FCF margin | 24.9% | 30.7% | 10.7% | 8.4% | 19.6% | 67.5% | 16.3% |
| Return on assets | 5.1% | 3.3% | 3.3% | 8.8% | 12.4% | -3.2% | 3.3% |
| Return on equity | 5.9% | 3.5% | 3.4% | 9.3% | 15.0% | -1.3% | 44.9% |
| Current ratio | 5.70 | 10.84 | 13.44 | 14.18 | 5.10 | 1.55 | 1.91 |
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.