Yatsen Holding Limited(YSG)Earnings, Financials & Key Ratios
YSG•NYSE
$3.54
Price updated Jul 7, 2026
AboutYatsen Holding Limited, together with its subsidiaries, engages in the development and sale of beauty products under the Perfect Diary, Little Ondine, Pink Bear, Abby's Choice, GalÃnic, DR.WU, Eve Lom, and EANTiM brands in the People's Republic of China. It offers color cosmetics, eye makeup, lip makeup, face makeup, skincare, and nail products; and makeup tools and accessories, including brush sets, cotton cosmetic pads, mirrors, and makeup sponges. The company also provides kits; and other products, such as perfumes and cross-over products comprising beauty devices and colored contact lenses. It sells its products through stores and online channel. The company was formerly known as Mangrove Bay Ecommerce Holding (Cayman) and changed its name to Yatsen Holding Limited in January 2019. Yatsen Holding Limited was founded in 2016 and is headquartered in Guangzhou, China.Show more
- Revenue$4.18B+21.5%
- EBITDA-$35M+83.1%
- Net Income-$79M+89.0%
- EPS (Diluted)-0.84+88.0%
- Gross Margin79.2%+2.7%
- EBITDA Margin-0.83%+86.1%
- Operating Margin-4.32%+65.2%
- Net Margin-1.88%+91.0%
- ROE-2.58%+86.9%
YSG Price & Volume
Yatsen Holding Limited (YSG) stock price & volume — 10-year historical chart
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Premium Skincare Pivot Faces Persistent Margin Headwinds
Investment Thesis • Updated 2025Q4
VerdictNeutral
Growth:Mixed
Profitability:Strained
Financial:Healthy
Cash Flow:Burning
Primary Risk:High customer acquisition costs
Key Thesis Takeaways
- Yatsen Holding is navigating a complex transition toward a premium skincare-led model, evidenced by a gross margin expansion to 78.4% in 2025Q4.
- However, the company continues to struggle with operating leverage, as evidenced by a -8.4% operating margin in 2025Q3 and a persistent reliance on high-cost influencer marketing.
- Investors should monitor whether the company can achieve sustainable GAAP profitability, given the significant disconnect between its $8.0 million net income and $94.7 million operating cash outflow in 2025Q4.
Verdict Logic
while the company maintains a strong liquidity position with $808.0 million in cash, the persistent inability to convert net income into positive operating cash flow warrants caution.
YSG Growth Metrics
Yatsen Holding Limited (YSG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-3.31%
3 Years3.5%
TTM25.23%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM88.71%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM87.65%
Return on Capital
10 Years-16.51%
5 Years-13.6%
3 Years-9.38%
Last Year-5.51%
YSG Recent Earnings
Yatsen Holding Limited (YSG) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/12 qtrs (29%)●Beat Revenue 6/12 qtrs (60%)
Q2 2026Latest
May 26, 2026Metric
Actual
Est
EPS
$0.09
—
Rev
$148M-0.3%
$148M
Q2 2026
Mar 2, 2026Metric
Actual
Est
EPS
$0.01
—
Rev
$197M+1.4%
$194M
Q4 2025
Nov 17, 2025Metric
Actual
Est
EPS
$0.07
—
Rev
$139M
—
Q3 2025
Aug 21, 2025Metric
Actual
Est
EPS
$0.02
—
Rev
$152M+34.1%
$113M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 26, 2026 | $0.09 | $148Mvs $148M-0.3% |
| Q2 2026 | 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% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Yatsen Holding Limited (YSG)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $3.54 | $331.42M | -28.63 | 21.49% | -1.88% | -2.58% | — | |
| $2.23 | $1.96B | -5.07 | -3.68% | -9.26% | -14.13% | — | |
| $75.34 | $4.48B | 171.23 | 24.59% | 3.34% | 5.16% | — | |
| $63.90 | $3.12B | 33.81 | 3.5% | 4.51% | 27.89% | — | |
| $122.25 | $3.92B | 23.33 | 2.49% | 13.46% | 18.37% | — | |
| $1.11 | $143.86M | -6.94 | -10.02% | -2.03% | -9.41% | — |
Compare YSG vs Peers
Yatsen Holding Limited (YSG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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YSG Frequently Asked Questions
Yatsen Holding Limited (YSG) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Yatsen Holding Limited's revenue?
Yatsen Holding Limited (YSG) reported $4.26B in revenue for fiscal year 2025. This represents a 546% increase from $660.1M in 2018.
How fast is Yatsen Holding Limited growing?
Yatsen Holding Limited (YSG) grew revenue by 21.5% over the past year. This is strong growth.
Is YSG profitable?
Yatsen Holding Limited (YSG) reported a net loss of $80.5M for fiscal year 2025.
Dividend & Returns
What is YSG's return on equity?
Yatsen Holding Limited (YSG) has a return on equity (ROE) of -2.6%. Negative ROE indicates the company is unprofitable.
What is Yatsen Holding Limited's free cash flow?
Yatsen Holding Limited (YSG) had negative free cash flow of $138.5M in fiscal year 2025, likely due to heavy capital investments.