RLX (RLX Technology) FCF Margin %: -4.68% (As of Mar. 2026)


RLX RLX Technology Inc RLX
68 GF Score
Price $1.94
GF Value $4.06
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is RLX Technology FCF Margin %?

RLX Technology RLX +2.11% 68 FCF Margin % is -4.68% as of Mar. 2026. GuruFocus rates RLX with a GF Score™ of 68/100 and a GF Value™ of $4.06 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 48 Tobacco Products companies, RLX Technology ranks better than 72.92% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. RLX Technology's Free Cash Flow for the three months ended in Mar. 2026 was $-10.0 Mil. RLX Technology's Revenue for the three months ended in Mar. 2026 was $213.2 Mil. Therefore, RLX Technology's FCF Margin % for the quarter that ended in Mar. 2026 was -4.68%.

As of today, RLX Technology's current FCF Yield % is 4.90%.

The historical rank and industry rank for RLX Technology's FCF Margin % or its related term are showing as below:

RLX' s FCF Margin % Range Over the Past 10 Years
Min: -1.04   Med: 17.68   Max: 67.33
Current: 18.67


During the past 8 years, the highest FCF Margin % of RLX Technology was 67.33%. The lowest was -1.04%. And the median was 17.68%.

RLX's FCF Margin % is ranked better than
72.92% of 48 companies
in the Tobacco Products industry
Industry Median: 3.56 vs RLX: 18.67


RLX Technology FCF Margin % Related Terms


RLX Technology FCF Margin % Historical Data

* Premium members only.

The historical data trend for RLX Technology's FCF Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

RLX Technology FCF Margin % Chart

RLX Technology Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial 19.49 8.38 13.37 34.45 27.25

RLX Technology Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
FCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 29.24 28.91 34.58 28.70 -4.68

RLX vs TPB, UVV, AIIR: FCF Margin % Comparison

For the Tobacco subindustry, RLX Technology's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


RLX Technology FCF Margin % vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, RLX Technology's FCF Margin % distribution charts can be found below:

* The bar in red indicates where RLX Technology's FCF Margin % falls into.


RLX
68GF Score
RLX Technology Inc RLX
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

RLX Technology FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

RLX Technology's FCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=139.969/513.583
=27.25 %

RLX Technology's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-9.988/213.244
=-4.68 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of -4.68% mean?
RLX Technology (RLX) has a FCF Margin % of -4.68% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on RLX Technology and its competitors. According to the industry distribution chart, RLX Technology ranks #13 out of 48 companies in the Tobacco Products industry, placing it in the top 27.1%.
Is RLX Technology's FCF Margin % too high?
RLX Technology's current FCF Margin % is -4.68%. Based on the distribution chart, RLX Technology ranks #13 out of 48 companies in the Tobacco Products industry, which is above the industry midpoint. Overall, RLX Technology has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does RLX Technology's FCF Margin % compare to TPB and UVV?
According to the Tobacco Products industry distribution chart, RLX Technology ranks #13 out of 48 companies for FCF Margin %. This puts RLX Technology in the upper half of its industry. The industry median FCF Margin % is 3.56. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Tobacco Products company?
The median FCF Margin % among Tobacco Products companies is 3.56, based on 48 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on RLX Technology and its competitors. For the Tobacco Products industry, the median FCF Margin % is 3.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RLX Technology's current FCF Margin % is -4.68%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RLX Technology stock overvalued right now?
Based on GuruFocus' analysis, RLX Technology (RLX) is currently considered Significantly Undervalued. The stock's GF Value™ is $4.06, compared to a current price of $1.94 — trading 52.2% below its estimated fair value. The current FCF Margin % is -4.68%. RLX Technology's overall GF Score™ is 68/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For RLX Technology (RLX), the current FCF Margin % is -4.68% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is RLX Technology (RLX) Overvalued in 2026?

Based on GuruFocus' analysis, RLX Technology stock appears to be undervalued. The current stock price of $1.94 is trading 52.2% below its estimated GF Value™ of $4.06. GuruFocus considers RLX Technology to be Significantly Undervalued.

Key valuation signals for RLX:

  • FCF Margin %: -4.68%
  • GF Value™: $4.06 vs. price of $1.94 (52.2% below fair value)
  • GF Score™: 68/100 with 5 warning signs

No single metric tells the full story. See the RLX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


RLX Technology Business Description

Other Exchanges 3CM:Germany
Address No. 9 Jian’an First Road, Financial Street, 35/F, Pearl International Financial Center, Third District, Bao’an District, Shenzhen, CHN, 518101
RLX Technology Inc is engaged in the manufacturing of e-vapor products for adult smokers. It has an integrated offline distribution and "Branded store plus" retail model tailored to China's e-vapor market. The company has two reportable segments, Core Markets and Europe Acquisition. The majority of the revenue is earn from Core Markets segment.
68GF Score

Get the complete analysis for RLX

FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.94
Price
$4.06
GF Value