Last 24 quarters of trend data · Consumer Defensive · Tobacco
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 16.38 | 2.79 | 2.62 | 2.65 | 4.11 | 3.25 | 2.76 | 5.72 | 3.48 | 4.60 | 4.80 | 3.13 | 2.90 | 2.95 | — | — | 0.69 | 1.52 | 0.86 | 2.71 | 1.57 |
| — | -14.0% | -5.3% | -53.7% | +18.1% | -29.3% | -42.4% | +83.1% | +19.9% | +55.9% | — | — | +320.4% | +93.9% | — | — | -56.0% | -58.9% | — | — | — | |
| P/S Ratio | 3.98 | 0.68 | 0.49 | 0.67 | 0.82 | 0.91 | 0.87 | 0.95 | 0.86 | 1.06 | 1.33 | 1.27 | 1.55 | 1.58 | 7.67 | 2.62 | 0.33 | 0.32 | 0.35 | 0.70 | 0.92 |
| — | -25.4% | -43.0% | -28.9% | -4.0% | -13.9% | -34.6% | -25.4% | -44.6% | -33.2% | -82.7% | -51.6% | +363.5% | +399.5% | +2070.6% | +277.0% | -63.5% | -73.5% | -78.6% | — | — | |
| P/B Ratio | 0.89 | 0.16 | 0.18 | 0.18 | 0.21 | 0.18 | 0.15 | 0.17 | 0.15 | 0.15 | 0.16 | 0.17 | 0.93 | 1.09 | 0.25 | 0.19 | 0.64 | 1.30 | 1.14 | 0.39 | 2.98 |
| — | -10.8% | +19.6% | +4.5% | +41.3% | +18.0% | -6.6% | +2.8% | -84.0% | -86.1% | -33.7% | -12.4% | +46.0% | -16.4% | -78.4% | -50.5% | -78.6% | -78.9% | -86.5% | — | — | |
| P/FCF | 14.21 | — | — | 3.75 | 2.38 | 3.15 | 2.97 | 1.43 | 3.72 | 3.00 | 155.39 | 2.26 | 7.52 | 14.49 | — | — | — | 0.49 | 1.97 | 3.96 | — |
| — | — | — | +161.7% | -36.0% | +4.9% | -98.1% | -36.7% | -50.5% | -79.3% | — | — | — | +2854.2% | — | — | — | -89.5% | -59.0% | — | — | |
| EV / EBITDA | 21.02 | -4.06 | -1.30 | -2.99 | 0.28 | -0.82 | -2.16 | — | -1.13 | -1.07 | 0.38 | — | — | 7.54 | — | — | 0.68 | 1.43 | 0.70 | 0.13 | 1.43 |
| — | -398.1% | +39.6% | — | +124.7% | +24.1% | -670.5% | — | — | -114.3% | — | — | — | +428.8% | — | — | -52.6% | -49.7% | — | — | — | |
| EV / EBIT | 27.03 | -4.06 | -0.98 | -2.09 | 0.11 | -0.82 | -2.16 | -4.46 | -1.13 | -1.07 | 0.38 | 0.37 | 2.43 | 2.11 | — | — | 0.56 | 1.01 | 0.56 | 0.11 | 1.18 |
| — | -398.1% | +54.6% | +53.1% | +110.1% | +24.1% | -670.5% | -1292.7% | -146.3% | -150.9% | — | — | +332.7% | +108.6% | — | — | -52.4% | -62.8% | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 32.7% | 39.0% | 33.6% | 33.1% | 34.1% | 30.5% | 32.6% | 29.9% | 30.3% | 28.3% | 30.4% | 26.4% | 32.2% | 26.1% | 36.8% | 51.6% | 50.0% | 43.8% | 38.3% | 40.2% | 39.1% |
| — | +28.0% | +3.1% | +10.9% | +12.5% | +7.9% | +7.4% | +13.1% | -6.0% | +8.5% | -17.4% | -48.8% | -35.5% | -40.5% | -4.1% | +28.4% | +27.7% | -3.0% | -16.8% | -6.3% | +0.2% | |
| Operating Margin | 9.1% | 14.2% | 16.6% | 11.0% | 9.0% | 4.9% | 10.9% | -1.6% | -1.6% | -6.0% | -11.0% | -26.0% | -12.0% | 13.6% | -300.0% | -164.3% | 44.5% | 20.0% | 36.4% | 28.0% | 53.5% |
| — | +189.9% | +52.3% | +801.5% | +674.8% | +182.2% | +199.6% | +94.0% | +86.9% | -143.9% | +96.3% | +84.2% | -126.9% | -32.1% | -924.9% | -686.0% | -16.8% | -48.1% | +879.4% | +386.4% | +941.9% | |
| Net Margin | 25.5% | 23.7% | 19.3% | 25.9% | 19.7% | 27.3% | 31.3% | 16.6% | 24.4% | 23.7% | 28.0% | 41.7% | 52.2% | 53.6% | -45.8% | -79.5% | 48.2% | 20.6% | 41.1% | 25.9% | 58.1% |
| — | -13.1% | -38.3% | +56.1% | -19.4% | +15.4% | +11.8% | -60.3% | -53.3% | -55.8% | +161.2% | +152.4% | +8.2% | +159.8% | -211.3% | -406.8% | -17.0% | -36.4% | +469.5% | +277.2% | +8204.9% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.7% | 1.4% | 1.8% | 1.7% | 1.3% | 1.3% | 1.4% | 0.8% | 1.1% | 0.9% | 0.9% | 2.4% | 7.8% | 2.3% | -0.4% | -2.6% | 23.0% | 21.4% | 9.0% | 6.3% | 48.2% |
| — | +2.9% | +29.4% | +124.0% | +18.4% | +56.9% | +61.9% | -68.5% | -86.4% | -62.6% | +332.6% | +194.9% | -66.2% | -89.3% | -104.1% | -140.7% | -52.3% | -50.0% | +135.6% | +109.6% | +2911.4% | |
| ROA | 5.2% | 1.3% | 1.6% | 1.6% | 1.2% | 1.3% | 1.3% | 0.7% | 1.0% | 0.8% | 0.8% | 2.3% | 7.5% | 2.2% | -0.4% | -2.4% | 20.1% | 18.0% | 7.5% | 5.2% | 39.0% |
| — | +0.6% | +21.8% | +112.6% | +15.0% | +53.7% | +60.4% | -68.7% | -86.5% | -62.9% | +332.6% | +196.1% | -62.7% | -87.7% | -104.7% | -146.5% | -48.4% | -47.8% | +140.7% | +150.9% | +19707.0% | |
| ROIC | 2.3% | 0.9% | 1.7% | 0.8% | 0.5% | 0.2% | 0.5% | -0.1% | -0.1% | -0.2% | -0.3% | -1.3% | -1.5% | 0.5% | -2.0% | -4.3% | 17.2% | 19.4% | 9.4% | 8.3% | 64.4% |
| — | +254.0% | +213.4% | +1098.7% | +960.4% | +224.6% | +279.8% | +94.4% | +95.9% | -140.8% | +85.1% | +68.8% | -109.0% | -97.5% | -120.9% | -151.6% | -73.3% | -81.3% | +132.8% | +116.2% | +345.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.01 | 0.00 | 0.01 | 0.01 | 0.02 | 0.02 | 0.01 | 0.02 |
| — | +60.5% | +156.9% | +206.5% | +571.0% | +268.5% | +61.5% | -39.9% | -62.9% | -52.0% | -30.4% | +10.1% | -68.0% | -67.2% | -77.4% | -59.6% | -15.3% | +105.1% | +147.6% | -98.0% | -91.0% | |
| Debt / EBITDA | 0.43 | 1.88 | 0.83 | 0.85 | 1.60 | 0.64 | 0.33 | — | 0.12 | 0.26 | 0.33 | — | — | 0.17 | — | — | 0.06 | 0.08 | 0.07 | 0.34 | 0.03 |
| — | +193.4% | +149.7% | — | +1242.0% | +142.1% | +1.1% | — | — | +56.2% | — | — | — | +112.1% | — | — | +70.9% | +385.6% | — | — | -97.4% | |
| Current Ratio | 5.70 | 10.61 | 8.53 | 5.70 | 9.30 | 8.35 | 10.97 | 10.84 | 12.42 | 14.38 | 14.03 | 13.44 | 14.86 | 17.17 | 20.13 | 14.18 | 10.76 | 4.16 | 4.97 | 5.10 | 4.78 |
| — | +27.0% | -22.2% | -47.4% | -25.1% | -41.9% | -21.8% | -19.3% | -16.4% | -16.2% | -30.3% | -5.2% | +38.1% | +312.4% | +305.1% | +178.2% | +125.1% | +2.5% | +1.6% | +229.0% | +258.7% | |
| Quick Ratio | 5.55 | 10.20 | 8.26 | 5.55 | 9.08 | 8.12 | 10.83 | 10.68 | 12.31 | 14.25 | 13.86 | 13.22 | 14.73 | 17.01 | 19.92 | 14.01 | 10.72 | 4.12 | 4.86 | 4.88 | 4.55 |
| — | +25.6% | -23.8% | -48.0% | -26.2% | -43.0% | -21.9% | -19.2% | -16.5% | -16.2% | -30.4% | -5.7% | +37.4% | +313.3% | +310.3% | +187.1% | +135.5% | +6.6% | +0.9% | +246.3% | +254.7% | |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 24 years · Updated daily
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
High-probability breakout stocks crossing their pivot across 5 pattern engines.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying RLX stock.
RLX Technology Inc.'s current P/E is 16.4x. The average P/E over the last 4 quarters is 3.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
RLX Technology Inc.'s current operating margin is 9.1%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking RLX Technology Inc.'s business trajectory between earnings reports.