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RLX Technology Inc.

RLX

$1.62 ▼ -0.01 (-0.91%) at close

9 Visible periods

33 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Good

Bullish

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Analytical Summary

RLX Technology Inc. shows strong fundamentals with top-quartile Profit Margin (%) and Debt to Equity. The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap $2.0B

Dividend Yield 6.79%

Revenue Growth 50.3% ↘

Op. Margin 8.3% ↗

ROIC 1.9% ↗

FCF / Share $0.12 ↗

Trailing P/E 16.2x

Price / Book 0.9x

FCF Yield 7.1%

Debt / Equity 0.01

info Valuation on last close. End-of-day price, Nov 5, 2026.

9-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$566.11M

↑ +50.3% —

Net Income Profit after all expenses

$131.83M

↑ +74.4% —

Operating Margin Operating profit as % of sales

8.3%

↑ +312.9% 52th

FCF / Share Free cash flow per share

$0.12

↑ +22.9% —

trending_up

Bullish Indicators

Debt to EquityDebt to Equity is in the top quartile (lower is better)
Profit Margin (%)Profit Margin (%) is in the top quartile

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Profitability →

Returns ↓

Financial Health →

Cash Quality ↑

Dividend History

Dividend / share · sourced from SEC filings

$0.11 Latest / share

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2022

FY 2023

FY 2024

$0.11

FY 2025

Financial view

Statement lens

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Jan 2, 2018 20-F ↗
Revenue Growth YoY (%)	50.3% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+907%)	68.5% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1271%)	-71.1% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1522%)	-42.2% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-944%)	128.4% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+2468%)	—	—	—	—
EPS Growth YoY (%)	63.9% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	7.0% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	-63.9% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	-30.4% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	—	—	—	—
Net Income Growth YoY (%)	74.4% Excellent ↑ Excellent Improving Year-over-year change in net income	0.5% Caution ↑ Caution Improving Year-over-year change in net income	-64.0% Weak Weak Year-over-year change in net income	-34.2% Weak Weak Year-over-year change in net income	N/M	—	—	—	—
FCF Growth YoY (%)	22.9% Good ↓ Good Declining Year-over-year change in free cash flow	412.7% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-62.8% Weak ↓ Weak Declining Year-over-year change in free cash flow	-73.7% Weak Weak Year-over-year change in free cash flow	-32.0% Weak Weak Year-over-year change in free cash flow	—	—	—	—
Revenue CAGR 3Y (%)	-9.9% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-34.5% Weak Weak Compound annual revenue growth over 3 years	-27.5% Weak Weak Compound annual revenue growth over 3 years	—	—	—	—	—	—
Revenue CAGR 5Y (%)	-0.7% Weak Weak Compound annual revenue growth over 5 years	—	—	—	—	—	—	—	—
EPS CAGR 3Y (%)	-14.1% Weak Weak Compound annual EPS growth over 3 years	-35.5% Weak Weak Compound annual EPS growth over 3 years	—	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Jan 2, 2018 20-F ↗
Operating Margin (%) (%)	8.3% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-31%)	-3.9% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-132%)	-31.3% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-361%)	19.9% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+66%)	27.0% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+125%)	0.3% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-97%)	—	—	—
Effective Tax Rate (%) (%)	11.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	14.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	8.6% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.9% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.7% Fair Fair Actual taxes paid relative to pre-tax income Optimal: 15-25%	225.0% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—
Profit Margin (%) (%)	23.3% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+191%)	20.1% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+151%)	33.7% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+321%)	27.0% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+238%)	23.8% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+197%)	-3.4% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-142%)	—	—	—
FCF Margin (%) (%)	24.9% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	30.7% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	10.7% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	8.4% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	19.6% Good Good Free cash flow as a percentage of revenue Optimal: > 10%	67.5% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—
FCF / Net Income (x)	1.07x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	1.53x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.32x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.31x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.82x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	-20.12x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Jan 2, 2018 20-F ↗
Return on Invested Capital (%)	1.9% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-0.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-2.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	5.4% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	13.0% Good Good Return earned on debt + equity capital invested Optimal: > 10%	-1.1% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—	—	—
Return on Capital (%) (%)	1.8% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-0.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-3.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	6.5% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	14.0% Good Good Operating profit relative to total assets Optimal: > 10%	0.3% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—	—
Return on Common Equity (%) (%)	5.9% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-61%)	3.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-77%)	3.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-77%)	9.3% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-38%)	15.0% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	-8.5% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-157%)	—	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Jan 2, 2018 20-F ↗
Debt to Equity (x)	0.01x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-99%)	0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	—	—	—	—	—	—	—
Interest Coverage (x)	51.40x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	-611.62x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	759.50x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	—	—	—	—	—
Net Debt (USD)	$-754.32M	$-760.83M	$-336.67M	$-183.92M	$-817.40M	$-170.73M	—	—	—
Debt / EBITDA (x)	0.26x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.50x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Jan 2, 2018 20-F ↗
Revenue per Share (USD)	$0.46	$0.31	$0.17	$0.59	$0.95	$0.41	—	—	—
Basic EPS, GAAP (USD)	$0.10	$0.06	$0.06	$0.16	$0.23	$-0.01	—	—	—
Free Cash Flow per Share (USD)	$0.12	$0.09	$0.02	$0.05	$0.19	$0.27	—	—	—
Dividend per Share (USD)	$0.11	—	—	—	—	—	—	—	—
Book Value per Share (USD)	$1.83	$1.78	$1.68	$1.48	$1.35	$0.16	—	—	—
Tangible Book Value per Share (USD)	$1.76	$1.77	$1.67	$1.48	$1.35	$0.16	—	—	—
Basic Weighted Avg Shares (shares)	1.22B	1.23B	1.31B	1.32B	1.40B	1.44B	1.44B	1.19B	—
Dividend Payout Ratio (%)	110.0% Weak Weak Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—	—	—	—	—	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Jan 2, 2018 20-F ↗
Working Capital (USD)	$1.32B	$1.16B	$1.17B	$1.51B	$1.76B	$210.01M	—	—	—
Total Equity (USD)	$2.24B	$2.19B	$2.20B	$2.26B	$2.12B	$231.21M	—	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Jan 2, 2018 20-F ↗
Sales/Revenue/Turnover (USD)	$566.11M	$376.55M	$223.44M	$773.18M	$1.34B	$585.40M	—	—	—
Depreciation Expense (USD)	$4.42M	$3.80M	$5.30M	$11.03M	$6.41M	$3.02M	—	—	—
Net Income, GAAP (USD)	$131.83M	$75.60M	$75.26M	$208.96M	$317.72M	$-19.63M	—	—	—
Operating Cash Flow (USD)	$157.95M	$117.05M	$27.99M	$70.58M	$282.44M	$396.84M	—	—	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 4 days ago 9 years · 8 quarters

RLX Technology Inc.

Analytical Summary

9-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Dividend History

Statement lens

Benchmark Lens

Signals

Percentile Rankings

Peer Comparison

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