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NYSE · Tobacco · USD

RLX Technology Inc. (RLX) Stock Analysis

RLX Technology Inc. (RLX) is a Tobacco stock listed on NYSE and quoted in US Dollar.

RLX

$1.80

+$0.02 (+1.12%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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RLX Key Statistics

As of Sep 4, 2026
Trading
Open
$1.78
Previous Close
$1.78
Day's Range
1.77–1.81
52-Week Range
1.74–2.84
Volume
4.42M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.15
Valuation
Market Cap
$2.20B
P/E Ratio
16.36
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
11.08
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
0.49
EPS (ttm)Profit attributable to each share over the last twelve months.
0.11
Financials (FY)
Revenue (FY)
$3.62B+47.97%
Net Income (FY)
$921.87M+67.05%
Profit marginThe share of revenue left as profit after all costs and taxes.
21.87%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
913.54M
1-Year Return
−29.69%
Dividend and dates
Dividend
$0.10+5.62%
Ex-Dividend Date
January 26, 2026
Earnings Date
November 13, 2026
Avg Volume
2.63M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

RLX Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−22.75%
2025+7.87%
2024+8.60%
2023−12.65%
2022−41.02%
2021−86.78%

As of September 4, 2026.

RLX Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$3.62B$921.87M25.5%
2024$2.44B$551.84M22.6%
2023$1.24B$534.33M43.0%
2022$5.28B$1.44B27.3%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$3.62B$1.18B$328.56M$921.87M25.5%
2024$2.44B$726.52M−$107.15M$551.84M22.6%
2023$1.24B$387.71M−$496.71M$534.33M43.0%
2022$5.28B$2.31B$1.06B$1.44B27.3%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

RLX Dividend History

$0.01+0.0% vs 2023

Dividends per share, 2024 · 1 payments

YearDividends per sharePaymentsChange
2024$0.011+0.0%
2023$0.011—

Most recent payment: $0.01 per share, ex-dividend December 6, 2024. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

RLX Valuation vs Tobacco Median

Median of 11 stocks
MetricRLXTobacco medianvs median
P/E16.3616.360% above
P/S ratio0.491.0553% below
Profit margin21.87%0.67%21.2 pts above

Medians across 11 Tobacco stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

The market values RLX Technology Inc. (RLX) at $2.20B. The company sits in the Consumer Defensive sector, in the Tobacco industry. The company reports 897 employees.

The most recent close on file for RLX is $1.80, dated September 4, 2026. That is +$0.02 (+1.12%) against the previous close. The 52-week range on file runs from $1.74 to $2.84. The latest close sits 3.45% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $3.62B. Against the prior fiscal year total of $2.44B, that is a change of +47.97%. Net income for the same year was $921.87M. That is +67.05% against the prior fiscal year. The reported profit margin is 21.87%. That is 21.2 percentage points above the Tobacco median of 0.67%. Earnings per share on a trailing basis come to 0.11.

Across the 4 fiscal years on file, revenue moves from $5.28B in 2022 to $3.62B in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

RLX trades at a trailing price-to-earnings ratio of 16.36. That is 0% above the Tobacco median of 16.36. On forward earnings the ratio is 11.08. Measured against sales, the shares trade at 0.49 times revenue. On price-to-sales that is 53.32% below the Tobacco median of 1.05. The medians here are taken across 11 Tobacco companies that report the metric.

Beta against the wider market is reported at 1.15. Annualized volatility over the trailing 5 years is 71.8%. The trailing one-year price return is −29.69%. Measured over 5 years, that is −21.37% a year compounded.

Growth & Income

RLX pays a dividend yielding 5.62%. That is 0.2 percentage points below the Tobacco median yield of 5.83%. At the indicated rate that is $0.10 a share a year. The ex-dividend date on file is January 26, 2026. Dividends are recorded for 2 calendar years; 2024 shows 1 payments totalling $0.01 a share. The year before, 2023, totalled $0.01 a share.

So far in 2026 the price is −22.75%. The strongest complete calendar year on file is 2024 at +8.60%; the weakest is 2021 at −86.78%. Of the 5 complete calendar years on file, 2 finished higher.

Peer Comparison

RLX Technology Inc. (RLX) operates in the Tobacco industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
RLX Technology Inc. RLX $2.20B 16.4
Philip Morris International Inc. PM $284.49B 25.1
British American Tobacco p.l.c. BTI $119.20B 14.2
Altria Group, Inc. MO $115.01B 14.6

The Tobacco industry average P/E ratio is 16.4x. RLX Technology Inc. trades at a P/E of 16.4.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About RLX Technology Inc.

RLX Technology Inc., through its subsidiaries, develops, manufactures, and sells e-vapor products in the People's Republic of China and internationally. It offers rechargeable e-vapor products under the Qingyu, Phantom, Phantom Pro, Zeus, Leili, and Daqian names; and disposable e-vapor products under the Feiliu and Feiliu Mega names. The company also provides closed-system rechargeable products, open-system products, closed-system disposable products, and modern oral products. It sells its products through local channels, third-party distribution channels, and distribution channels co-managed with third parties, as well as online and offline end users. The company was founded in 2018 and is headquartered in Shenzhen, the People's Republic of China.

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