Last 18 quarters of trend data · Consumer Cyclical · Specialty Retail
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Yatsen Holding Limited's quarterly P/E stands at 12.2x.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -26.41 | 12.16 | — | — | — | — | — | — | — | — | — | — | 23.13 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 0.50 | 0.07 | 0.21 | 0.21 | 0.13 | 0.08 | 0.13 | 0.09 | 0.07 | 0.09 | 0.19 | 0.16 | 0.29 |
| — | -12.4% | +62.7% | +143.6% | +82.9% | -11.8% | -29.9% | -46.3% | -74.6% | -55.7% | +9.1% | -28.9% | -79.5% | |
| P/B Ratio | 0.69 | 0.13 | 0.28 | 0.28 | 0.14 | 0.12 | 0.09 | 0.07 | 0.06 | 0.09 | 0.11 | 0.11 | 0.17 |
| — | +5.6% | +197.4% | +300.8% | +153.4% | +31.9% | -15.7% | -35.3% | -67.8% | -41.8% | -7.6% | -51.5% | -88.9% | |
| P/FCF | — | — | — | — | — | — | — | — | — | — | 4.83 | 5.27 | 8.97 |
| — | — | — | — | — | — | — | — | — | — | -23.5% | — | — | |
| EV / EBITDA | — | -0.45 | — | — | — | -0.88 | — | — | — | — | — | — | -17.82 |
| — | +49.5% | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | — | -13.64 | — | — | — | — | — | — | — | — | — | — | -2.81 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Yatsen Holding Limited's operating margin was -0.9% in Q4 2025, up 7.5 pp QoQ and down 2.0 pp YoY. The trailing four-quarter average of -4.6% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 79.2% | 78.4% | 78.2% | 78.3% | 79.1% | 77.8% | 75.9% | 76.7% | 77.7% | 73.7% | 71.4% | 74.7% | 74.3% |
| — | +0.9% | +3.0% | +2.0% | +1.8% | +5.6% | +6.3% | +2.6% | +4.6% | +3.6% | +3.6% | +15.0% | +12.0% | |
| Operating Margin | -4.3% | -0.9% | -8.4% | -5.1% | -4.1% | 1.1% | -20.9% | -17.0% | -20.4% | -17.3% | -32.2% | -15.7% | -0.9% |
| — | -185.1% | +59.9% | +70.0% | +80.0% | +106.2% | +35.2% | -8.2% | -2081.9% | -122.4% | -4.1% | +52.1% | +98.8% | |
| Net Margin | -1.9% | 0.6% | -6.6% | -1.6% | -0.6% | -33.5% | -17.9% | -9.9% | -16.1% | -45.7% | -27.4% | -12.9% | 6.5% |
| — | +101.7% | +63.1% | +83.5% | +96.1% | +26.8% | +34.7% | +23.6% | -346.3% | -780.0% | -13.8% | +58.3% | +108.4% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -2.6% | 0.3% | -2.1% | -0.6% | -0.2% | -11.5% | -3.2% | -2.0% | -3.0% | -10.7% | -4.0% | -2.2% | 1.0% |
| — | +102.3% | +32.5% | +72.0% | +94.4% | -7.9% | +20.7% | +11.0% | -406.5% | -972.2% | -2.4% | +69.3% | +103.2% | |
| ROA | -2.0% | 0.2% | -1.6% | -0.4% | -0.1% | -9.3% | -2.6% | -1.7% | -2.6% | -9.1% | -3.5% | -2.0% | 0.9% |
| — | +102.2% | +37.6% | +73.6% | +94.7% | -1.8% | +24.5% | +14.8% | -396.0% | -964.2% | -6.0% | +67.6% | +103.6% | |
| ROIC | -5.6% | -0.4% | -2.6% | -1.7% | -1.0% | 0.3% | -3.2% | -3.4% | -3.8% | -3.6% | -4.2% | -2.6% | -0.1% |
| — | -216.7% | +20.2% | +51.1% | +73.2% | +109.2% | +23.3% | -30.7% | -2527.9% | -135.8% | +29.3% | +82.8% | +99.8% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Yatsen Holding Limited's Debt/EBITDA ratio is 1.3x — comfortably within a safe range.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.06 | 0.06 | 0.06 | 0.06 | 0.05 | 0.05 | 0.04 | 0.04 | 0.02 | 0.03 | 0.02 | 0.02 | 0.02 |
| — | +22.6% | +68.0% | +60.6% | +116.2% | +77.4% | +64.5% | +79.2% | +7.0% | +3.3% | -27.2% | -71.7% | -71.1% | |
| Debt / EBITDA | — | 1.32 | — | — | — | 1.85 | — | — | — | — | — | — | 22.20 |
| — | -28.7% | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 3.63 | 3.63 | 3.06 | 3.61 | 4.26 | 3.67 | 4.16 | 4.45 | 5.04 | 4.83 | 5.79 | 6.08 | 6.45 |
| — | -1.0% | -26.2% | -18.9% | -15.6% | -24.0% | -28.2% | -26.8% | -21.8% | -19.0% | +5.9% | +17.1% | +2.9% | |
| Quick Ratio | 2.80 | 2.80 | 2.44 | 3.01 | 3.53 | 3.06 | 3.39 | 3.71 | 4.41 | 4.25 | 5.07 | 5.39 | 5.72 |
| — | -8.5% | -28.0% | -18.9% | -19.9% | -27.9% | -33.0% | -31.2% | -23.0% | -18.9% | +7.5% | +22.6% | +0.0% | |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 18 years · Updated daily
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Quick answers to the most common questions about buying YSG stock.
Yatsen Holding Limited's current P/E is -26.4x. The average P/E over the last 1 quarters is 12.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Yatsen Holding Limited's current operating margin is -4.3%. 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 Yatsen Holding Limited's business trajectory between earnings reports.