Yatsen Holding Limited (YSG) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Yatsen Holding Limited (YSG) stock price & volume — 10-year historical chart
Yatsen Holding Limited (YSG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Yatsen Holding Limited (YSG) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 2, 2026 | $0.01 | $197Mvs $194M+1.4% |
| Q4 2025 | Nov 17, 2025 | $0.07 | $139M |
| Q3 2025 | Aug 21, 2025 | $0.02 | $152Mvs $113M+34.1% |
| Q2 2025 | May 16, 2025 | $0.01 | $114M |
Yatsen Holding Limited (YSG) competitors in Beauty and Personal Care Retail — business model, growth, and fundamentals comparison
Yatsen Holding Limited (YSG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Yatsen Holding Limited (YSG) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 660.1M | 3.02B | 4.95B | 5.76B | 3.77B | 3.41B | 3.44B | 4.07B |
| Revenue Growth % | - | 357.96% | 63.66% | 16.51% | -34.58% | -9.46% | 0.8% | 23.69% |
| Cost of Goods Sold | 241.13M | 1.1B | 1.77B | 1.92B | 1.21B | 901.33M | 787.24M | 884.37M |
| COGS % of Revenue | 36.53% | 36.41% | 35.72% | 33.24% | 32.04% | 26.4% | 22.87% | - |
| Gross Profit | 418.97M▲ 0% | 1.92B▲ 358.9% | 3.18B▲ 65.4% | 3.85B▲ 21.0% | 2.56B▼ 33.4% | 2.51B▼ 2.0% | 2.65B▲ 5.6% | 3.18B▲ 0% |
| Gross Margin % | 63.47% | 63.59% | 64.28% | 66.76% | 67.96% | 73.6% | 77.13% | 78.26% |
| Gross Profit Growth % | - | 358.85% | 65.43% | 21% | -33.4% | -1.95% | 5.62% | - |
| Operating Expenses | 453.59M | 1.78B | 5.72B | 5.45B | 3.51B | 3.07B | 3.08B | 3.34B |
| OpEx % of Revenue | 68.71% | 58.85% | 115.55% | 94.57% | 93.03% | 89.98% | 89.56% | - |
| Selling, General & Admin | 450.84M | 1.76B | 5.65B | 5.31B | 3.38B | 2.96B | 2.97B | 3.22B |
| SG&A % of Revenue | 68.3% | 58.09% | 114.27% | 92.14% | 89.6% | 86.71% | 86.34% | - |
| Research & Development | 2.74M | 23.12M | 62.88M | 140.25M | 129.1M | 111.68M | 110.84M | 124.66M |
| R&D % of Revenue | 0.42% | 0.76% | 1.27% | 2.43% | 3.42% | 3.27% | 3.22% | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -34.61M▲ 0% | 143.37M▲ 514.2% | -2.54B▼ 1869.0% | -1.6B▲ 36.8% | -945.21M▲ 41.0% | -559.24M▲ 40.8% | -427.79M▲ 23.5% | -159.47M▲ 0% |
| Operating Margin % | -5.24% | 4.74% | -51.26% | -27.81% | -25.06% | -16.38% | -12.43% | -3.92% |
| Operating Income Growth % | - | 514.21% | -1868.97% | 36.79% | 41.04% | 40.83% | 23.5% | - |
| EBITDA | -30.34M | 210.86M | -2.29B | -1.18B | -599.99M | -355.86M | -204.61M | -59.71M |
| EBITDA Margin % | -4.6% | 6.98% | -46.22% | -20.5% | -15.91% | -10.42% | -5.95% | -1.47% |
| EBITDA Growth % | - | 795.08% | -1184.5% | 48.33% | 49.22% | 40.69% | 42.5% | 89.22% |
| D&A (Non-Cash Add-back) | 4.28M | 67.49M | 249.47M | 421.73M | 345.22M | 203.38M | 223.18M | 99.76M |
| EBIT | -37.3M | 146.94M | -2.54B | -1.53B | -845.77M | -763.46M | -724.82M | -478.78M |
| Net Interest Income | -214K | 5.32M | 14.31M | 45.66M | 34.66M | 89.02M | 86.14M | 54.75M |
| Interest Income | 0 | 5.32M | 14.31M | 45.66M | 34.66M | 89.02M | 86.14M | 54.75M |
| Interest Expense | 214K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -2.91M | 3.56M | 1.16M | 75.3M | 112.21M | -194.09M | -295.62M | -323.92M |
| Pretax Income | -37.52M▲ 0% | 146.94M▲ 491.6% | -2.54B▼ 1825.3% | -1.53B▲ 39.7% | -833.01M▲ 45.5% | -753.34M▲ 9.6% | -723.41M▲ 4.0% | -483.39M▲ 0% |
| Pretax Margin % | -5.68% | 4.86% | -51.24% | -26.51% | -22.09% | -22.06% | -21.02% | -11.88% |
| Income Tax | 4.17M | 71.78M | 6.59M | -909.07K | 2.75M | -3.21M | -3.13M | -3.92M |
| Effective Tax Rate % | -11.1% | 48.85% | -0.26% | 0.06% | -0.33% | 0.43% | 0.43% | 0.81% |
| Net Income | -41.69M▲ 0% | 75.16M▲ 280.3% | -2.54B▼ 3481.1% | -1.52B▲ 40.2% | -829.69M▲ 45.4% | -744.69M▲ 10.2% | -718.21M▲ 3.6% | -478.5M▲ 0% |
| Net Margin % | -6.32% | 2.49% | -51.36% | -26.38% | -22% | -21.81% | -20.87% | -11.76% |
| Net Income Growth % | - | 280.28% | -3481.1% | 40.15% | 45.44% | 10.25% | 3.56% | 40.41% |
| Net Income (Continuing) | -41.69M | 75.16M | -2.54B | -1.53B | -835.76M | -750.13M | -720.29M | -479.47M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 15.08M | 348.31M | 343.08M | 49.74M | 47.69M | -5.28M |
| EPS (Diluted) | -0.05▲ 0% | -0.05▲ 9.1% | -4.60▼ 9483.3% | -12.20▼ 165.2% | -7.40▲ 39.3% | -6.80▲ 8.1% | -7.00▼ 2.9% | -5.10▲ 0% |
| EPS Growth % | - | 9.09% | -9483.33% | -165.22% | 39.34% | 8.11% | -2.94% | 35.69% |
| EPS (Basic) | -0.05 | -0.05 | -4.60 | -12.20 | -7.40 | -6.80 | -7.00 | - |
| Diluted Shares Outstanding | 134.86M | 134.86M | 126.32M | 126.34M | 112.34M | 109.79M | 101.25M | 93.88M |
| Basic Shares Outstanding | 134.86M | 134.86M | 126.32M | 126.29M | 111.13M | 109.79M | 101.17M | 93.88M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
Yatsen Holding Limited (YSG) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 287.96M | 1.57B | 7.09B | 4.56B | 3.51B | 2.95B | 2.35B | 2.37B |
| Cash & Short-Term Investments | 25.06M | 686.58M | 5.73B | 3.2B | 2.59B | 2.06B | 1.36B | 1.04B |
| Cash Only | 25.06M | 676.58M | 5.73B | 3.14B | 1.51B | 836.89M | 817.39M | 690.19M |
| Short-Term Investments | 0 | 10M | 0 | 62.88M | 1.07B | 1.22B | 539.13M | 348.17M |
| Accounts Receivable | 64.75M | 265.3M | 419.32M | 355.9M | 206.44M | 201.64M | 326.89M | 276.54M |
| Days Sales Outstanding | 35.8 | 32.03 | 30.93 | 22.54 | 19.98 | 21.56 | 34.67 | 23.18 |
| Inventory | 87.49M | 504.05M | 616.81M | 695.76M | 423.29M | 352.09M | 386.05M | 479.66M |
| Days Inventory Outstanding | 132.44 | 167.17 | 127.4 | 132.54 | 127.87 | 142.58 | 178.99 | 169.36 |
| Other Current Assets | 95.44M | 80.84M | 150.04M | 103.65M | 121.67M | 231.79M | 60.47M | 571.28M |
| Total Non-Current Assets | 40.26M | 438.49M | 1.22B | 2.72B | 2.35B | 2.05B | 1.62B | 1.65B |
| Property, Plant & Equipment | 23.43M | 372.76M | 822.01M | 668.28M | 208.62M | 179.23M | 221.87M | 251M |
| Fixed Asset Turnover | 28.18x | 8.11x | 6.02x | 8.63x | 18.08x | 19.05x | 15.51x | 17.18x |
| Goodwill | 0 | 20.6M | 20.6M | 869.42M | 857.14M | 556.57M | 155.03M | 155.03M |
| Intangible Assets | 1.11M | 10.03M | 189.09M | 745.85M | 689.67M | 671.4M | 559.71M | 555.57M |
| Long-Term Investments | 3M | 29.68M | 34.86M | 350.38M | 502.58M | 618.75M | 664.58M | 2.66B |
| Other Non-Current Assets | 12.08M | 1.2M | 152.06M | 80.22M | 94.27M | 28.48M | 20.64M | 91.34M |
| Total Assets | 328.22M▲ 0% | 2.01B▲ 512.5% | 8.31B▲ 313.3% | 7.27B▼ 12.5% | 5.86B▼ 19.4% | 5.01B▼ 14.6% | 3.97B▼ 20.7% | 4.02B▲ 0% |
| Asset Turnover | 2.01x | 1.50x | 0.60x | 0.79x | 0.64x | 0.68x | 0.87x | 1.02x |
| Asset Growth % | - | 512.49% | 313.26% | -12.47% | -19.38% | -14.61% | -20.68% | -61.93% |
| Total Current Liabilities | 187.26M | 763.34M | 1.13B | 877.58M | 588.41M | 611.33M | 640.19M | 772.02M |
| Accounts Payable | 90.22M | 400.54M | 466.7M | 240.81M | 119.85M | 105.69M | 72.09M | 254.24M |
| Days Payables Outstanding | 136.57 | 132.84 | 96.4 | 45.87 | 36.21 | 42.8 | 33.42 | 56.67 |
| Short-Term Debt | 2.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 1K | 3.18M | 6.23M | 20.68M | 16.65M | 0 | 0 | 66.25M |
| Other Current Liabilities | 10.34M | 97.78M | 60.51M | 70.15M | 55.87M | 120.12M | 39.66M | 0 |
| Current Ratio | 1.54x | 2.06x | 6.27x | 5.19x | 5.96x | 4.83x | 3.67x | 3.67x |
| Quick Ratio | 1.07x | 1.40x | 5.72x | 4.40x | 5.24x | 4.25x | 3.06x | 3.06x |
| Cash Conversion Cycle | 31.67 | 66.36 | 61.94 | 109.2 | 111.65 | 121.34 | 180.24 | 135.87 |
| Total Non-Current Liabilities | 11.54M | 172.79M | 313.47M | 386.93M | 211.72M | 209.91M | 227.66M | 235.61M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 11.54M | 171.04M | 311.91M | 206.3M | 53M | 67.77M | 109.53M | 488.25M |
| Deferred Tax Liabilities | 0 | 1.74M | 1.56M | 124.45M | 113.44M | 111.59M | 103.31M | 422.29M |
| Other Non-Current Liabilities | 0 | 1.74M | 1.56M | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 198.81M | 936.13M | 1.44B | 1.26B | 800.13M | 821.24M | 867.85M | 1.01B |
| Total Debt | 22.77M | 264.96M | 527.21M | 421.15M | 132.58M | 113.23M | 148.94M | 179.97M |
| Net Debt | -2.29M | -411.62M | -5.2B | -2.72B | -1.38B | -723.66M | -668.46M | -510.22M |
| Debt / Equity | 0.18x | 0.25x | 0.08x | 0.07x | 0.03x | 0.03x | 0.05x | 0.05x |
| Debt / EBITDA | - | 1.26x | - | - | - | - | - | -3.01x |
| Net Debt / EBITDA | - | -1.95x | - | - | - | - | - | 8.54x |
| Interest Coverage | -161.75x | - | - | - | - | - | - | - |
| Total Equity | 129.41M▲ 0% | 1.07B▲ 730.1% | 6.86B▲ 539.0% | 6.01B▼ 12.5% | 5.06B▼ 15.7% | 4.18B▼ 17.3% | 3.1B▼ 25.8% | 3.01B▲ 0% |
| Equity Growth % | - | 730.05% | 538.96% | -12.47% | -15.73% | -17.34% | -25.85% | -84.48% |
| Book Value per Share | 0.96 | 7.97 | 54.33 | 47.55 | 45.07 | 38.12 | 30.65 | 32.09 |
| Total Shareholders' Equity | 129.41M | 1.07B | 6.85B | 5.66B | 4.72B | 4.14B | 3.06B | 3.02B |
| Common Stock | 47K | 56K | 173K | 173K | 173K | 173K | 173K | 173K |
| Retained Earnings | -59.98M | -89.59M | -4.24B | -5.78B | -6.6B | -7.35B | -8.03B | -8.15B |
| Treasury Stock | -23K | -20K | -12K | -22.33M | -669.15M | -864.57M | -1.28B | -1.24B |
| Accumulated OCI | 610K | 33.75M | -77.21M | -234.43M | -50.02M | 84.38M | 86.87M | 117.83M |
| Minority Interest | 0 | 0 | 15.08M | 348.31M | 343.08M | 49.74M | 47.69M | -5.28M |
Yatsen Holding Limited (YSG) cash flow — operating, investing & free cash flow history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -96.21M | -6.18M | -983.37M | -1.02B | 136.21M | -107.44M | -243.67M | -243.67M |
| Operating CF Margin % | -14.57% | -0.2% | -19.88% | -17.7% | 3.61% | -3.15% | -7.08% | - |
| Operating CF Growth % | - | 93.58% | -15814.68% | -3.77% | 113.35% | -178.88% | -126.79% | 0% |
| Net Income | -40.12M | 75.36M | -2.69B | -1.55B | -821.33M | -750.23M | -710.22M | -478.5M |
| Depreciation & Amortization | 4.12M | 67.67M | 263.87M | 427.26M | 339.26M | 203.41M | 0 | 0 |
| Stock-Based Compensation | 14.03M | 75M | 1.9B | 530.44M | 340.86M | 77.5M | 91.17M | 52.88M |
| Deferred Taxes | 2.29M | -3.69M | 3.45M | -5.43M | -8.36M | -8.65M | 0 | 0 |
| Other Non-Cash Items | 4.68M | 1.76M | 39.53M | 104.74M | 55.73M | 309.02M | 574M | 420.29M |
| Working Capital Changes | -81.21M | -222.27M | -502.39M | -530.41M | 230.05M | 61.52M | -198.62M | 0 |
| Change in Receivables | -59.93M | -200.55M | -154.01M | 99.75M | 155M | -4.47M | -5.24M | 0 |
| Change in Inventory | -77.79M | -411.11M | -134.25M | -109.93M | 278M | 109.44M | -11.16M | 0 |
| Change in Payables | 81.2M | 310.32M | 66.16M | -244.44M | -120.97M | -14.16M | -33.6M | 0 |
| Cash from Investing | -7.88M | -148.17M | -508.83M | -1.48B | -1.16B | -260.49M | 592.12M | 0 |
| Capital Expenditures | -4.88M | -108.76M | -384.58M | -166.74M | -59.33M | -43.65M | -52.74M | 0 |
| CapEx % of Revenue | 0.74% | 3.6% | 7.77% | 2.89% | 1.57% | 1.28% | 1.53% | - |
| Acquisitions | -3M | -29.41M | -134.72M | -1.32B | -137.95M | -121.55M | -42M | 0 |
| Investments | - | - | - | - | - | - | - | - |
| Other Investing | -4.05M | 0 | -158.54M | 0 | 4.1M | 1.63M | -2.18M | 0 |
| Cash from Financing | 123.68M | 795.23M | 6.68B | -1.71M | -654.45M | -342.45M | -394.23M | 0 |
| Debt Issued (Net) | 2.9M | 0 | 0 | -100K | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 0 | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -117.56M | -491.17M | -15.16M | -654.65M | -212.69M | -405.79M | 0 |
| Other Financing | 120.78M | 842.49M | 7.17B | 13.55M | 200K | -129.76M | 11.57M | 0 |
| Net Change in Cash | 20.38M▲ 0% | 651.52M▲ 3096.2% | 5.06B▲ 676.2% | -2.6B▼ 151.3% | -1.58B▲ 39.0% | -696.19M▲ 56.0% | -40.74M▲ 94.1% | 0▲ 0% |
| Free Cash Flow | -101.08M▲ 0% | -114.94M▼ 13.7% | -1.37B▼ 1090.2% | -1.19B▲ 13.2% | 76.88M▲ 106.5% | -151.41M▼ 296.9% | -300.69M▼ 98.6% | 0▲ 0% |
| FCF Margin % | -15.31% | -3.8% | -27.65% | -20.6% | 2.04% | -4.43% | -8.74% | - |
| FCF Growth % | - | -13.71% | -1090.15% | 13.21% | 106.48% | -296.94% | -98.59% | - |
| FCF per Share | -0.75 | -0.85 | -10.83 | -9.40 | 0.68 | -1.38 | -2.97 | -2.97 |
| FCF Conversion (FCF/Net Income) | 2.31x | -0.08x | 0.39x | 0.67x | -0.16x | 0.14x | 0.34x | -0.00x |
| Interest Paid | 0 | 0 | 93K | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 59.44M | 6.19M | 6.11M | 7.75M | 2.91M | 0 |
Yatsen Holding Limited (YSG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 12.49% | -64.03% | -23.63% | -14.99% | -16.11% | -19.71% | -15.47% |
| Return on Invested Capital (ROIC) | 27.23% | -163.53% | -48.54% | -20.33% | -11.74% | -10.88% | -10.88% |
| Gross Margin | 63.59% | 64.28% | 66.76% | 67.96% | 73.6% | 77.13% | 78.26% |
| Net Margin | 2.49% | -51.36% | -26.38% | -22% | -21.81% | -20.87% | -11.76% |
| Debt / Equity | 0.25x | 0.08x | 0.07x | 0.03x | 0.03x | 0.05x | 0.05x |
| FCF Conversion | -0.08x | 0.39x | 0.67x | -0.16x | 0.14x | 0.34x | -0.00x |
| Revenue Growth | 357.96% | 63.66% | 16.51% | -34.58% | -9.46% | 0.8% | 23.69% |
Yatsen Holding Limited (YSG) stock FAQ — growth, dividends, profitability & financials explained
Yatsen Holding Limited (YSG) reported $4.07B in revenue for fiscal year 2024. This represents a 516% increase from $660.1M in 2018.
Yatsen Holding Limited (YSG) grew revenue by 0.8% over the past year. Growth has been modest.
Yatsen Holding Limited (YSG) reported a net loss of $478.5M for fiscal year 2024.
Yatsen Holding Limited (YSG) has a return on equity (ROE) of -19.7%. Negative ROE indicates the company is unprofitable.
Yatsen Holding Limited (YSG) had negative free cash flow of $300.7M in fiscal year 2024, likely due to heavy capital investments.
Yatsen Holding Limited (YSG) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates