MINISO Group Holding Limited (MNSO) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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MINISO Group Holding Limited (MNSO) stock price & volume — 10-year historical chart
MINISO Group Holding Limited (MNSO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
MINISO Group Holding Limited (MNSO) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 26, 2026 | $0.07vs $0.27-125.3% | $894Mvs $874M+2.3% |
| Q2 2026 | May 22, 2026 | $0.59vs $0.24+148.3% | $824Mvs $806M+2.3% |
| Q2 2026 | Mar 31, 2026 | $0.07vs $0.27-125.3% | $894Mvs $874M+2.3% |
| Q4 2025 | Nov 20, 2025 | $0.35vs $0.36-3.9% | $114Mvs $860M-86.8% |
MINISO Group Holding Limited (MNSO) competitors in Specialty Gifts, Hobby and Niche Retail — business model, growth, and fundamentals comparison
MINISO Group Holding Limited (MNSO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MINISO Group Holding Limited (MNSO) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Jun'19 | Jun'20 | Jun'21 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 9.39B | 8.98B | 9.07B | 10.09B | 11.47B | 15.26B | 16.99B | 20.86B | 18.63B |
Revenue Growth % | - | -4.43% | 1.03% | 11.18% | 634.37% | 33.03% | 11.34% | 22.75% | 21.03% |
Cost of Goods Sold | 6.88B | 6.25B | 6.64B | 7.02B | 7.03B | 8.78B | 9.36B | 11.47B | 10.22B |
COGS % of Revenue | 73.27% | 69.57% | 73.21% | 69.56% | 61.27% | 57.54% | 55.06% | 55.01% | - |
Gross Profit | 2.51B▲ 0% | 2.73B▲ 8.8% | 2.43B▼ 11.0% | 3.07B▲ 26.3% | 4.44B▲ 44.7% | 6.48B▲ 45.9% | 7.64B▲ 17.8% | 9.39B▲ 22.9% | 8.4B▲ 0% |
Gross Margin % | 26.73% | 30.43% | 26.79% | 30.44% | 38.73% | 42.46% | 44.94% | 44.99% | 45.12% |
Gross Profit Growth % | - | 8.82% | -11.05% | 26.29% | 834.36% | 45.87% | 17.83% | 22.89% | - |
Operating Expenses | 1.49B | 1.97B | 1.98B | 2.25B | 2.32B | 3.43B | 4.42B | 6.34B | 5.16B |
OpEx % of Revenue | 15.91% | 21.89% | 21.77% | 22.31% | 20.21% | 22.5% | 25.99% | 30.37% | - |
Selling, General & Admin | 1.41B | 1.99B | 2.02B | 2.26B | 2.35B | 3.45B | 4.45B | 6.35B | 5.2B |
SG&A % of Revenue | 15.02% | 22.13% | 22.24% | 22.39% | 20.48% | 22.57% | 26.19% | 30.43% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - | - | - | - |
Other Operating Expenses | 82.78M | -21M | -42.55M | -8.81M | -31.14M | -11.82M | -34.81M | -11.61M | -2M |
Operating Income | 1.02B▲ 0% | 766.58M▼ 24.6% | 455.63M▼ 40.6% | 820.01M▲ 80.0% | 2.12B▲ 159.1% | 3.05B▲ 43.5% | 3.22B▲ 5.7% | 3.05B▼ 5.3% | 3.24B▲ 0% |
Operating Margin % | 10.82% | 8.54% | 5.02% | 8.13% | 18.52% | 19.97% | 18.95% | 14.62% | 17.4% |
Operating Income Growth % | - | -24.6% | -40.56% | 79.98% | 140.86% | 37.1% | 5.67% | -5.29% | - |
EBITDA | 1.21B | 1.04B | 720.64M | 900.28M | 2.18B | 3.62B | 4.07B | 4.22B | 3.26B |
EBITDA Margin % | 12.86% | 11.53% | 7.94% | 8.93% | 19.01% | 23.71% | 23.98% | 20.25% | 17.5% |
EBITDA Growth % | - | -14.33% | -30.39% | 24.93% | 131.85% | 60.11% | 12.62% | 3.66% | 0.35% |
D&A (Non-Cash Add-back) | 191.78M | 268.67M | 265.02M | 80.27M | 56.97M | 570.4M | 853.9M | 1.17B | 0 |
EBIT | 314.21M | 112.16M | -1.19B | 940.21M | 2.37B | 3.05B | 3.44B | 3.05B | 3.26B |
Net Interest Income | 0 | -5.73M | 12.07M | 32.95M | 110.6M | 30.83M | 3.58M | -317.61M | -122.8M |
Interest Income | 7.31M | 25.61M | 40.43M | 66.34M | 145.22M | 37.94M | 16.49M | 101.58M | 93.55M |
Interest Expense | 25.21M | 31.34M | 28.36M | 33.4M | 34.62M | 7.11M | 12.91M | 419.19M | 216.34M |
Other Income/Expense | -727.68M | -685.76M | -1.67B | 86.8M | 209.12M | 257.31M | 126.85M | -1.19B | -228.78M |
Pretax Income | 289M▲ 0% | 80.82M▼ 72.0% | -1.22B▼ 1604.9% | 906.81M▲ 174.6% | 2.33B▲ 157.3% | 3.31B▲ 41.6% | 3.35B▲ 1.3% | 1.86B▼ 44.4% | 3.01B▲ 0% |
Pretax Margin % | 3.08% | 0.9% | -13.41% | 8.99% | 20.34% | 21.65% | 19.7% | 8.92% | 16.17% |
Income Tax | 279.58M | 210.95M | 213.25M | 267.07M | 551.78M | 793.22M | 712.1M | 684.36M | 648.56M |
Effective Tax Rate % | 96.74% | 261.02% | -17.53% | 29.45% | 23.65% | 24% | 21.27% | 36.77% | 21.53% |
Net Income | -290.65M▲ 0% | -262.27M▲ 9.8% | -1.42B▼ 439.5% | 638.17M▲ 145.1% | 1.77B▲ 177.2% | 2.5B▲ 41.1% | 2.62B▲ 4.9% | 1.17B▼ 55.2% | 2.35B▲ 0% |
Net Margin % | -3.09% | -2.92% | -15.6% | 6.33% | 15.42% | 16.36% | 15.4% | 5.62% | 12.63% |
Net Income Growth % | - | 9.76% | -439.53% | 145.1% | 177.19% | 41.13% | 4.85% | -55.22% | -2.69% |
Net Income (Continuing) | 9.42M | -130.13M | -1.43B | 639.74M | 1.78B | 2.51B | 2.64B | 1.18B | 2.36B |
Discontinued Operations | -303.83M | -130.04M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 10.81M | 13.58M | -6.81M | -4.24M | 17.25M | 23.02M | 40.55M | 100.57M | 46.81M |
EPS (Diluted) | -0.96▲ 0% | -0.88▲ 8.3% | -4.72▼ 436.4% | 2.08▲ 144.1% | 5.64▲ 171.2% | 1.12▼ 80.1% | 8.40▲ 650.0% | 3.76▼ 55.2% | 7.61▲ 0% |
EPS Growth % | - | 8.33% | -436.36% | 144.07% | 171.15% | -80.14% | 650% | -55.24% | -2.58% |
EPS (Basic) | -0.96 | -0.88 | -4.68 | 2.12 | 5.68 | 1.12 | 8.40 | 3.84 | - |
Diluted Shares Outstanding | 304.16M | 303.98M | 276.09M | 304.16M | 313.56M | 312.91M | 311.7M | 308.38M | 309.43M |
Basic Shares Outstanding | 301.38M | 303.98M | 275.02M | 301.38M | 311.43M | 312.1M | 311.61M | 306.62M | 307.01M |
Dividend Payout Ratio | - | - | - | 47.99% | 20.96% | 74% | 47.53% | 112.67% | - |
MINISO Group Holding Limited (MNSO) balance sheet — assets, liabilities & shareholders' equity
| Metric | Jun'19 | Jun'20 | Jun'21 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 4.51B | 4.99B | 9.2B | 8.07B | 9.9B | 10.33B | 11.66B | 14.1B | 12.73B |
Cash & Short-Term Investments | 1.9B | 2.85B | 6.87B | 870.63M | 7.28B | 6.63B | 6.7B | 7.09B | 7.46B |
Cash Only | 1.55B | 2.85B | 6.77B | 803.8M | 6.49B | 6.42B | 6.33B | 7.09B | 7.12B |
Short-Term Investments | 356.26M | 0 | 102.97M | 66.83M | 787.04M | 210.76M | 368.95M | 0 | 345.35M |
Accounts Receivable | 741.9M | 600.5M | 348.31M | 808.82M | 951.92M | 426.94M | 1.9B | 2.88B | 756.4M |
Days Sales Outstanding | 28.82 | 24.41 | 14.01 | 29.27 | 30.28 | 10.21 | 40.73 | 50.39 | 33.25 |
Inventory | 1.31B | 1.4B | 1.53B | 1.19B | 1.45B | 1.97B | 2.75B | 3.69B | 2.84B |
Days Inventory Outstanding | 69.4 | 81.55 | 84.36 | 61.81 | 75.31 | 82.02 | 107.29 | 117.49 | 95.65 |
Other Current Assets | 469.47M | 7.06M | 429.83M | 4.96B | 27.07M | 1.16B | 1.03M | 21 | 1.31B |
Total Non-Current Assets | 714.4M | 849.65M | 1.51B | 3.21B | 3.54B | 4.16B | 6.46B | 14.56B | 13.92B |
Property, Plant & Equipment | 576.71M | 590.93M | 899.66M | 1.21B | 1.38B | 3.67B | 3.97B | 7.24B | 6.34B |
Fixed Asset Turnover | 16.29x | 15.19x | 10.08x | 8.33x | 8.31x | 4.16x | 4.28x | 2.88x | 3.50x |
Goodwill | 0 | 0 | 19.64M | 19.39M | 21.07M | 21.64M | 21.42M | 223.33M | 46.03M |
Intangible Assets | 49.88M | 69.09M | 61.01M | 1.79B | 1.73B | 19.55M | 1.65B | 95.01M | 7.54M |
Long-Term Investments | 0 | 0 | 352.06M | 4.22M | 173.87M | 106.39M | 302.15M | 6.66B | 13.39B |
Other Non-Current Assets | 0 | 6.11M | 5.02M | 24.87M | 74.64M | 339.93M | 341.29M | 57.67M | 1.01B |
Total Assets | 5.23B▲ 0% | 5.84B▲ 11.7% | 10.71B▲ 83.4% | 11.28B▲ 5.4% | 13.45B▲ 19.2% | 14.49B▲ 7.7% | 18.12B▲ 25.1% | 28.65B▲ 58.1% | 26.65B▲ 0% |
Asset Turnover | 1.80x | 1.54x | 0.85x | 0.89x | 0.85x | 1.05x | 0.94x | 0.73x | 0.86x |
Asset Growth % | - | 11.67% | 83.42% | 5.39% | 19.2% | 7.72% | 25.09% | 58.12% | 188.6% |
Total Current Liabilities | 3.25B | 3.31B | 3.48B | 3.79B | 3.89B | 4.41B | 5.73B | 8.48B | 6.62B |
Accounts Payable | 591.34M | 483.28M | 624.69M | 649.41M | 653.71M | 3.39B | 1.28B | 1.55B | 967.49M |
Days Payables Outstanding | 31.35 | 28.24 | 34.33 | 33.79 | 33.94 | 140.89 | 49.87 | 49.39 | 85.26 |
Short-Term Debt | 2.75M | 401.18M | 13.67M | 445K | 0 | 726K | 566.96M | 3.28B | 1.71B |
Deferred Revenue (Current) | 243.87M | 218.29M | 272.98M | 367.82M | 299.67M | 0 | 328.67M | 389.96M | 1.36B |
Other Current Liabilities | 364.66M | 0 | 0 | 0 | 0 | -189.21M | 0 | 2.78B | 0 |
Current Ratio | 1.39x | 1.51x | 2.64x | 2.13x | 2.55x | 2.34x | 2.04x | 1.66x | 1.92x |
Quick Ratio | 0.99x | 1.08x | 2.20x | 1.82x | 2.18x | 1.90x | 1.55x | 1.23x | 1.50x |
Cash Conversion Cycle | 66.87 | 77.72 | 64.04 | 57.3 | 71.65 | -48.67 | 98.15 | 118.49 | 43.64 |
Total Non-Current Liabilities | 2.09B | 2.85B | 570.02M | 465.72M | 643.85M | 887.11M | 2.04B | 9.45B | 9.13B |
Long-Term Debt | 5.31M | 15.21M | 6.92M | 6.5M | 7.21M | 6.53M | 4.31M | 5.42B | 5.59B |
Capital Lease Obligations | 309.83M | 378.89M | 483.14M | 393.07M | 556.8M | 797.99M | 1.9B | 2.72B | 7.76B |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Liabilities | 1.7B | 2.38B | 0 | 0 | 0 | 12.41M | 59.84M | 1.26B | 1.3B |
Total Liabilities | 5.34B | 6.16B | 4.05B | 4.25B | 4.53B | 5.29B | 7.76B | 17.93B | 15.75B |
Total Debt | 504.63M | 1.02B | 825.01M | 658.01M | 892.95M | 1.25B | 3.11B | 11.41B | 10.36B |
Net Debt | -1.04B | -1.83B | -5.95B | -4.69B | -5.6B | -5.16B | -3.22B | 4.32B | 3.24B |
Debt / Equity | - | - | 0.12x | 0.09x | 0.10x | 0.14x | 0.30x | 1.06x | 0.95x |
Debt / EBITDA | 0.42x | 0.98x | 1.14x | 0.73x | 0.41x | 0.35x | 0.76x | 2.70x | 3.18x |
Net Debt / EBITDA | -0.86x | -1.77x | -8.25x | -5.21x | -2.57x | -1.43x | -0.79x | 1.02x | 0.99x |
Interest Coverage | 12.46x | 3.58x | -41.88x | 28.15x | 68.40x | 428.40x | 266.48x | 7.28x | 15.06x |
Total Equity | -113.97M▲ 0% | -323.05M▼ 183.4% | 6.65B▲ 2159.2% | 7.03B▲ 5.6% | 8.92B▲ 26.9% | 9.19B▲ 3.1% | 10.36B▲ 12.7% | 10.73B▲ 3.6% | 10.9B▲ 0% |
Equity Growth % | - | -183.44% | 2159.2% | 5.64% | 26.91% | 3.06% | 12.67% | 3.58% | 53.09% |
Book Value per Share | -0.37 | -1.06 | 24.09 | 23.10 | 28.44 | 29.37 | 33.22 | 34.78 | 35.22 |
Total Shareholders' Equity | -124.79M | -336.63M | 6.66B | 7.03B | 8.9B | 9.17B | 10.31B | 10.63B | 10.85B |
Common Stock | 0 | 69K | 92K | 92K | 95K | 95K | 94K | 94.06K | 94K |
Retained Earnings | -525.76M | -1.13B | -2.56B | -1.94B | 539.33M | 1.89B | 4.3B | 5.62B | 5.42B |
Treasury Stock | - | 0 | 0 | -83.8M | -84.05M | -157.61M | -84.05M | -213.64M | -428.54M |
Accumulated OCI | 259.92M | 625.98M | 928M | 993.31M | 277.29M | 1.1B | 368.08M | 2.33B | 1.91B |
Minority Interest | 10.81M | 13.58M | -6.81M | -4.24M | 17.25M | 23.02M | 40.55M | 100.57M | 46.81M |
MINISO Group Holding Limited (MNSO) cash flow — operating, investing & free cash flow history
| Metric | Jun'19 | Jun'20 | Jun'21 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 1.04B | 826.48M | 916.32M | 1.41B | 1.67B | 2.2B | 2.17B | 2.62B | 0 |
Operating CF Margin % | 11.05% | 9.2% | 10.1% | 13.94% | 14.52% | 14.38% | 12.76% | 12.57% | - |
Operating CF Growth % | - | -20.41% | 10.87% | 53.47% | 18.47% | 31.76% | -1.22% | 20.96% | 0% |
Net Income | -290.65M | -262.27M | -1.43B | 639.74M | 1.78B | 2.25B | 2.64B | 1.17B | 2.35B |
Depreciation & Amortization | 191.78M | 268.67M | 265.02M | 80.27M | 56.97M | 570.48M | 853.9M | 1.17B | 0 |
Stock-Based Compensation | 122.06M | 364.38M | 281.32M | 82.83M | 62.88M | 82.73M | 85.18M | 0 | 61.26M |
Deferred Taxes | 0 | 0 | 213.25M | 267.07M | 551.78M | 0 | 712.1M | 0 | 0 |
Other Non-Cash Items | 1.33B | 660.79M | 1.31B | -13.93M | -267.6M | 826.93M | -1.02B | 1.59B | -2.41B |
Working Capital Changes | -315.43M | -205.09M | 277.21M | 350.28M | -519.84M | -1.54B | -1.1B | -1.31B | 0 |
Change in Receivables | 83.66M | -120.23M | -80.09M | -190.15M | -185.77M | -633.07M | -836.82M | -1B | 0 |
Change in Inventory | -392.82M | -86.72M | -93.2M | 307.97M | -250.85M | -943.44M | -828.15M | -891.68M | 0 |
Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 560.52M | 0 |
Cash from Investing | -210.91M | 462.81M | -518.8M | -2.13B | -293.41M | 354.15M | -533.25M | -7.02B | 0 |
Capital Expenditures | -116.12M | -56.97M | -180.28M | -290.11M | -174.15M | -529.53M | -762.54M | -970.47M | 0 |
CapEx % of Revenue | 1.24% | 0.63% | 1.99% | 2.88% | 1.52% | 3.47% | 4.49% | 4.65% | 0% |
Acquisitions | 0 | 0 | -8.82M | -683.48M | 0 | 4.57M | 0 | -162.25M | 0 |
Investments | - | - | - | - | - | - | - | - | - |
Other Investing | -94.79M | 519.79M | -329.69M | -1.15B | -119.26M | 879.11M | 229.28M | 0 | 0 |
Cash from Financing | 619.86M | -117.71M | 3.54B | -733.56M | -325.96M | -2.64B | -1.72B | 4.92B | 0 |
Debt Issued (Net) | -180.2M | 214.02M | -632.04M | -322.31M | -346.21M | -346.21M | -161.99M | 4.03B | 0 |
Equity Issued (Net) | - | 0 | 4.18B | -85.53M | -36.4M | -321.77M | -313.42M | 3.09B | 0 |
Dividends Paid | 0 | -330.34M | 0 | -306.25M | -370.79M | -2.22B | -1.24B | -1.32B | 0 |
Share Repurchases | 0 | 0 | 0 | -85.53M | -36.4M | -321.77M | -313.42M | -520.67M | 0 |
Other Financing | 800.06M | -1.39M | -10.64M | -19.46M | 427.45M | 244.3M | -963K | -873.03M | 0 |
Net Change in Cash | 1.69B▲ 0% | 1.17B▼ 30.7% | 3.92B▲ 235.5% | -1.42B▼ 136.3% | 1.14B▲ 180.2% | 1.14B▲ 0.0% | -87.32M▼ 107.7% | 812.48M▲ 1030.5% | 0▲ 0% |
Free Cash Flow | 922.35M▲ 0% | 769.51M▼ 16.6% | 736.04M▼ 4.3% | 172.06M▼ 76.6% | 1.49B▲ 767.1% | 1.67B▲ 11.6% | 1.41B▼ 15.6% | 1.65B▲ 17.5% | 0▲ 0% |
FCF Margin % | 9.82% | 8.57% | 8.11% | 1.71% | 13% | 10.91% | 8.27% | 7.92% | 0% |
FCF Growth % | - | -16.57% | -4.35% | -76.62% | 767.1% | 11.64% | -15.6% | 17.54% | - |
FCF per Share | 3.03 | 2.53 | 2.67 | 0.57 | 4.76 | 5.32 | 4.51 | 5.36 | 0.00 |
FCF Conversion (FCF/Net Income) | -3.57x | -3.15x | -0.65x | 2.20x | 0.94x | 0.88x | 0.83x | 2.24x | 0.00x |
Interest Paid | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Taxes Paid | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
MINISO Group Holding Limited (MNSO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | - | -44.71% | 9.33% | 22.19% | 27.57% | 26.78% | 11.12% | 22.69% |
Return on Invested Capital (ROIC) | - | 48.44% | 16.21% | 31.23% | 62.2% | 43.27% | 20.63% | 21.96% |
Gross Margin | 30.43% | 26.79% | 30.44% | 38.73% | 42.46% | 44.94% | 44.99% | 45.12% |
Net Margin | -2.92% | -15.6% | 6.33% | 15.42% | 16.36% | 15.4% | 5.62% | 12.63% |
Debt / Equity | - | 0.12x | 0.09x | 0.10x | 0.14x | 0.30x | 1.06x | 0.95x |
Interest Coverage | 3.58x | -41.88x | 28.15x | 68.40x | 428.40x | 266.48x | 7.28x | 15.06x |
FCF Conversion | -3.15x | -0.65x | 2.20x | 0.94x | 0.88x | 0.83x | 2.24x | 0.00x |
Revenue Growth | -4.43% | 1.03% | 11.18% | 634.37% | 33.03% | 11.34% | 22.75% | 21.03% |
MINISO Group Holding Limited (MNSO) stock FAQ — growth, dividends, profitability & financials explained
MINISO Group Holding Limited (MNSO) reported $18.63B in revenue for fiscal year 2025. This represents a 98% increase from $9.39B in 2018.
MINISO Group Holding Limited (MNSO) grew revenue by 22.7% over the past year. This is strong growth.
Yes, MINISO Group Holding Limited (MNSO) is profitable, generating $2.35B in net income for fiscal year 2025 (5.6% net margin).
Yes, MINISO Group Holding Limited (MNSO) pays a dividend with a yield of 5.30%. This makes it attractive for income-focused investors.
MINISO Group Holding Limited (MNSO) has a return on equity (ROE) of 11.1%. This is reasonable for most industries.
MINISO Group Holding Limited (MNSO) generated $1.65B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.