RLX Technology Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 24, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	2,729	2,839	2,747	2,626	3,560	5,249
Market Cap Growth	20.58%	3.36%	4.59%	-26.24%	-32.17%	-
Enterprise Value	1,324	1,685	1,601	1,503	1,546	3,417
Last Close Price	2.24	2.23	2.06	1.90	2.18	3.70
PE Ratio	22.45	21.54	36.33	34.85	17.04	16.47
Forward PE	15.48	17.49	19.57	27.30	18.06	15.26
PS Ratio	5.28	5.49	8.20	14.97	4.65	3.91
PB Ratio	1.23	1.26	1.25	1.19	1.58	2.47
P/TBV Ratio	1.29	1.34	1.26	1.20	1.58	2.47
P/FCF Ratio	16.89	17.98	23.75	109.23	54.79	19.98
P/OCF Ratio	17.28	17.98	23.47	93.72	50.44	18.52
PEG Ratio	-	-	-	-	-	0.46
EV/Sales Ratio	2.56	3.26	4.78	8.57	2.02	2.55
EV/EBITDA Ratio	25.11	31.96	-	-	9.31	9.26
EV/EBIT Ratio	28.19	35.88	-	-	10.03	9.44
EV/FCF Ratio	8.20	10.67	13.84	62.50	23.79	13.01
Debt / Equity Ratio	0.01	0.01	0.00	0.01	0.01	0.01
Debt / EBITDA Ratio	0.43	0.43	-	-	0.07	0.08
Debt / FCF Ratio	0.16	0.16	0.07	0.56	0.19	0.11
Net Debt / Equity Ratio	-0.62	-0.62	-0.53	-0.51	-0.69	-0.90
Net Debt / EBITDA Ratio	-26.65	-26.65	126.08	17.81	-9.35	-5.22
Net Debt / FCF Ratio	-8.90	-8.90	-9.99	-47.04	-23.88	-7.33
Asset Turnover	0.21	0.21	0.15	0.08	0.32	0.83
Inventory Turnover	11.06	11.06	11.96	6.21	8.26	10.56
Quick Ratio	5.30	5.30	10.53	13.10	13.92	4.60
Current Ratio	5.70	5.70	10.84	13.44	14.18	5.10
Return on Equity (ROE)	5.89%	5.89%	3.57%	3.48%	9.70%	26.99%
Return on Assets (ROA)	1.18%	1.18%	-0.40%	-1.90%	4.06%	14.07%
Return on Invested Capital (ROIC)	4.23%	4.33%	-1.21%	-7.31%	27.49%	833.76%
Return on Capital Employed (ROCE)	2.10%	2.10%	-0.70%	-3.20%	6.80%	16.90%
Earnings Yield	4.83%	4.64%	2.75%	2.87%	5.87%	6.07%
FCF Yield	5.92%	5.56%	4.21%	0.92%	1.82%	5.00%
Dividend Yield	4.91%	4.93%	0.48%	0.53%	-	-
Payout Ratio	108.22%	-	16.10%	17.29%	-	-
Buyback Yield / Dilution	5.04%	5.04%	3.84%	-0.93%	5.79%	1.89%
Total Shareholder Return	9.95%	9.97%	4.33%	-0.40%	5.79%	1.89%

Updated Mar 13, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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