So-Young International Inc. (SY) Financial Ratios
10 years of historical data (2016–2025) · Healthcare · Medical - Healthcare Information Services
EV/EBITDA
N/A
—
5yr avg: N/A
30Y Low3.8·High3.8
P/FCF
N/A
—
5yr avg: 11.22
30Y Low3.8·High11.2
P/B Ratio
↑
0.79
↑+594% vs avg
5yr avg: 0.11
30Y Low0.1·High0.6
ROE
↓
-13.0%
↑-58% vs avg
5yr avg: -8.2%
30Y Low-85%·High10%
Debt/EBITDA
N/A
—
5yr avg: N/A
30Y Low1.0·High1.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SY Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
So-Young International Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $193M | $337M | $111M | $170M | $178M | $440M | $1.6B | $1.3B | — | — | — |
| Enterprise Value | $166M | $154M | $-236520316 | $-110177235 | $-445091334 | $-785735237 | $579M | $581M | — | — | — |
| P/E Ratio → | -5.62 | — | — | 8.06 | — | — | 270.98 | 7.41 | — | — | — |
| P/S Ratio | 0.89 | 0.23 | 0.08 | 0.11 | 0.14 | 0.26 | 1.21 | 1.14 | — | — | — |
| P/B Ratio | 0.79 | 0.20 | 0.06 | 0.07 | 0.07 | 0.17 | 0.60 | 0.49 | — | — | — |
| P/FCF | — | — | — | — | — | 11.22 | 11.06 | 3.78 | — | — | — |
| P/OCF | — | — | — | 7.56 | — | 5.22 | 8.78 | 3.41 | — | — | — |
P/E links to full P/E history page with 30-year chart
SY EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.10 | -0.16 | -0.07 | -0.35 | -0.46 | 0.45 | 0.50 | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | 3.84 | — | — | — |
| EV / EBIT | — | — | — | -14.00 | — | -23.59 | — | 4.00 | — | — | — |
| EV / FCF | — | — | — | — | — | -20.03 | 4.07 | 1.68 | — | — | — |
SY Profitability
Margins and return-on-capital ratios measuring operating efficiency
So-Young International Inc. earns an operating margin of -17.5%. Operating margins have compressed from -4.1% to -17.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -13.0% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 47.8% | 47.8% | 61.3% | 63.7% | 68.7% | 80.6% | 83.6% | 82.8% | 85.2% | 82.7% | 48.7% |
| Operating Margin | -17.5% | -17.5% | -42.6% | -4.1% | -8.2% | -1.9% | -4.4% | 12.6% | 8.0% | 9.5% | -151.3% |
| Net Profit Margin | -15.9% | -15.9% | -40.2% | 1.4% | -5.2% | -0.5% | 0.4% | 15.3% | 8.9% | 6.6% | -165.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -13.0% | -13.0% | -26.1% | 0.8% | -2.6% | -0.3% | 0.2% | 9.6% | 7.5% | 6.6% | -85.1% |
| ROA | -8.8% | -8.8% | -19.8% | 0.7% | -2.0% | -0.3% | 0.2% | 7.7% | 5.8% | 4.8% | -54.0% |
| ROIC | -12.6% | -12.6% | -24.1% | -2.1% | -4.7% | -1.7% | -2.4% | 9.1% | 16.0% | 58.5% | -72.5% |
| ROCE | -13.1% | -13.1% | -26.1% | -2.3% | -3.9% | -1.2% | -2.1% | 7.6% | 6.7% | 9.5% | -78.0% |
SY Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $483M exceeds total debt of $300M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.18 | 0.18 | 0.12 | 0.06 | 0.03 | 0.04 | 0.05 | 0.06 | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | 1.05 | — | — | — |
| Net Debt / Equity | — | -0.11 | -0.18 | -0.11 | -0.24 | -0.49 | -0.38 | -0.27 | -0.54 | -1.03 | -0.19 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | -4.80 | -11.09 | -17.37 | — |
| Debt / FCF | — | — | — | — | — | -31.25 | -6.99 | -2.10 | -2.93 | -4.86 | — |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — |
Net cash position: cash ($483M) exceeds total debt ($300M)
SY Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.89x means So-Young International Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 3.19x to 1.89x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.89 | 1.89 | 2.74 | 3.19 | 3.56 | 2.85 | 4.90 | 6.34 | 4.23 | 3.92 | 2.56 |
| Quick Ratio | 1.60 | 1.60 | 2.50 | 2.97 | 3.34 | 2.72 | 4.86 | 6.30 | 4.08 | 3.81 | 2.56 |
| Cash Ratio | 1.19 | 1.19 | 1.88 | 2.46 | 2.92 | 2.44 | 4.65 | 6.06 | 3.99 | 3.70 | 2.02 |
| Asset Turnover | — | 0.56 | 0.54 | 0.47 | 0.39 | 0.51 | 0.39 | 0.36 | 0.46 | 0.46 | 0.33 |
| Inventory Turnover | 3.31 | 3.31 | 3.74 | 4.58 | 3.26 | 3.57 | 9.71 | 12.03 | 2.02 | 2.88 | — |
| Days Sales Outstanding | — | 51.70 | 56.30 | 19.58 | 49.41 | 23.82 | 24.07 | 14.37 | 15.28 | 20.56 | 19.98 |
SY Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
So-Young International Inc. returns 2.6% to shareholders annually — split between a 1.4% dividend yield and 1.2% buyback yield.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.4% | 5.6% | 39.1% | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 12.4% | — | — | 0.4% | 13.5% | — | — | — |
| FCF Yield | — | — | — | — | — | 8.9% | 9.0% | 26.5% | — | — | — |
| Buyback Yield | 1.2% | 4.5% | 16.4% | 73.8% | 8.5% | 49.4% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 2.6% | 10.2% | 55.5% | 73.8% | 8.5% | 49.4% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $132M | $134M | $132M | $138M | $138M | $142M | $107M | $41M | $45M | $45M |
Peer Comparison
Compare SY with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 SYYou | $193M | -5.6 | — | — | 47.8% | -17.5% | -13.0% | -12.6% | — |
 MTCH | $8B | 14.8 | 11.4 | 8.0 | 72.8% | 25.0% | — | 23.7% | 4.1 |
 YELP | $1B | 10.1 | 4.4 | 3.9 | 90.3% | 12.6% | 20.0% | 25.1% | 0.2 |
 ANGI | $194M | 5.1 | 3.1 | 4.3 | 90.8% | 7.6% | 4.4% | 5.0% | 4.0 |
 DOCS | $4B | 20.9 | 16.8 | — | 89.1% | 33.3% | 19.3% | 19.8% | 0.0 |
 SKIN | $86M | -4.2 | 51.1 | 2.3 | 65.3% | -6.9% | -16.9% | -6.8% | 83.3 |
 INMD | $846M | 9.3 | 6.5 | 10.0 | 78.5% | 23.0% | 13.5% | 13.5% | 0.2 |
 SIGA | $308M | 13.0 | 6.3 | 7.2 | 68.6% | 25.1% | 11.2% | 33.7% | 0.0 |
 ESTA | $3B | -50.6 | — | — | 69.3% | -18.5% | -133.3% | -14.6% | — |
 ALGN | $12B | 29.8 | 13.9 | 24.6 | 68.3% | 15.3% | 10.4% | 15.4% | 0.1 |
 ISRG | $143B | 51.2 | 38.7 | 57.5 | 66.0% | 29.3% | 16.6% | 15.0% | 0.1 |
| Healthcare Median | — | 22.0 | 14.1 | 18.7 | 63.6% | -4.8% | -32.4% | -11.2% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 10 years · Updated daily
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SY — Frequently Asked Questions
Quick answers to the most common questions about buying SY stock.
What is So-Young International Inc.'s P/E ratio?
So-Young International Inc.'s current P/E ratio is -5.6x. The historical average is 7.7x.
What is So-Young International Inc.'s ROE?
So-Young International Inc.'s return on equity (ROE) is -13.0%. The historical average is -10.2%.
Is SY stock overvalued?
Based on historical data, So-Young International Inc. is trading at a P/E of -5.6x. Compare with industry peers and growth rates for a complete picture.
What is So-Young International Inc.'s dividend yield?
So-Young International Inc.'s current dividend yield is 1.45%.
What are So-Young International Inc.'s profit margins?
So-Young International Inc. has 47.8% gross margin and -17.5% operating margin.