What is Yatsen Hldg Ltd's earnings per share (EPS)?

Yatsen Hldg Ltd (YSG) reported diluted earnings per share of $-0.05 for fiscal year 2024. This represents a 0.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Yatsen Hldg Ltd Financials

YSG

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows Yatsen Hldg Ltd (YSG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 33/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Yatsen Hldg Ltd has an operating margin of -24.3%, meaning the company retains $-24 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -26.8% the prior year.

Growth

Yatsen Hldg Ltd's revenue declined 3.3% year-over-year, from $481.0M to $464.9M. This contraction results in a growth score of 28/100.

Leverage

Yatsen Hldg Ltd carries a low D/E ratio of 0.28, meaning only $0.28 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 3.67, Yatsen Hldg Ltd holds $3.67 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 72/100.

Cash Flow

While Yatsen Hldg Ltd generated -$33.4M in operating cash flow, capex of $7.2M consumed most of it, leaving -$40.6M in free cash flow. This results in a low score of 3/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Yatsen Hldg Ltd generates a -23.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -18.1% the prior year.

Piotroski F-Score Weak

3/9

Yatsen Hldg Ltd passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Low Quality

0.34x

For every $1 of reported earnings, Yatsen Hldg Ltd generates $0.34 in operating cash flow (-$33.4M OCF vs -$97.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-9.6x

Yatsen Hldg Ltd earns $-9.6 in operating income for every $1 of interest expense (-$113.0M vs $11.8M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$464.9M

YoY-3.3%

Yatsen Hldg Ltd generated $464.9M in revenue in fiscal year 2024. This represents a decrease of 3.3% from the prior year.

EBITDA

-$92.4M

YoY+17.9%

Yatsen Hldg Ltd's EBITDA was -$92.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 17.9% from the prior year.

Net Income

-$97.0M

YoY+7.9%

Yatsen Hldg Ltd reported -$97.0M in net income in fiscal year 2024. This represents an increase of 7.9% from the prior year.

EPS (Diluted)

$-0.05

YoY+0.0%

Yatsen Hldg Ltd earned $-0.05 per diluted share (EPS) in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$40.6M

YoY-90.8%

Yatsen Hldg Ltd generated -$40.6M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 90.8% from the prior year.

Cash & Debt

$112.0M

YoY-5.0%

Yatsen Hldg Ltd held $112.0M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

77.1%

YoY+3.5pp

Yatsen Hldg Ltd's gross margin was 77.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 3.5 percentage points from the prior year.

Operating Margin

-24.3%

YoY+2.4pp

Yatsen Hldg Ltd's operating margin was -24.3% in fiscal year 2024, reflecting core business profitability. This is up 2.4 percentage points from the prior year.

Net Margin

-20.9%

YoY+1.0pp

Yatsen Hldg Ltd's net profit margin was -20.9% in fiscal year 2024, showing the share of revenue converted to profit. This is up 1.0 percentage points from the prior year.

Return on Equity

-23.2%

YoY-5.1pp

Yatsen Hldg Ltd's ROE was -23.2% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 5.1 percentage points from the prior year.

Capital Allocation

R&D Spending

$15.0M

YoY-4.8%

Yatsen Hldg Ltd invested $15.0M in research and development in fiscal year 2024. This represents a decrease of 4.8% from the prior year.

Share Buybacks

$55.6M

YoY+85.6%

Yatsen Hldg Ltd spent $55.6M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 85.6% from the prior year.

Capital Expenditures

$7.2M

YoY+17.5%

Yatsen Hldg Ltd invested $7.2M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 17.5% from the prior year.

YSG Income Statement

Metric	FY24	FY23	FY22	FY21	FY20
Revenue	$464.9M-3.3%	$481.0M-10.5%	$537.3M-41.4%	$916.4M+14.3%	$802.0M
Cost of Revenue	$106.3M-16.2%	$127.0M-26.2%	$172.2M-43.5%	$304.6M+6.3%	$286.5M
Gross Profit	$358.6M+1.3%	$354.0M-3.1%	$365.2M-40.3%	$611.8M+18.7%	$515.6M
R&D Expenses	$15.0M-4.8%	$15.7M-14.5%	$18.4M-17.5%	$22.3M+118.7%	$10.2M
SG&A Expenses	$60.9M-13.7%	$70.6M-32.4%	$104.4M-29.3%	$147.7M-55.0%	$328.4M
Operating Income	-$113.0M+12.2%	-$128.6M+4.5%	-$134.7M+47.2%	-$254.9M+38.0%	-$411.1M
Interest Expense	$11.8M-5.9%	$12.5M+149.5%	$5.0M-29.9%	$7.2M+226.6%	$2.2M
Income Tax	-$423K+6.4%	-$452K-215.3%	$392K+370.3%	-$145K-113.6%	$1.1M
Net Income	-$97.0M+7.9%	-$105.3M+10.9%	-$118.2M+51.1%	-$241.8M+41.3%	-$411.9M
EPS (Diluted)	$-0.050.0%	$-0.050.0%	$-0.05+50.0%	$-0.10+86.3%	$-0.73

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20
Revenue	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A

YSG Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20
Total Assets	$544.0M-22.8%	$705.1M-17.0%	$850.0M-25.5%	$1.1B-10.4%	$1.3B
Current Assets	$321.6M-22.6%	$415.7M-18.3%	$508.7M-28.8%	$714.9M-34.2%	$1.1B
Cash & Equivalents	$112.0M-5.0%	$117.9M-46.3%	$219.4M-55.5%	$492.4M-43.9%	$877.7M
Inventory	$52.9M+6.7%	$49.6M-19.2%	$61.4M-43.8%	$109.2M+15.5%	$94.5M
Accounts Receivable	$29.4M+4.9%	$28.0M-3.8%	$29.1M-47.9%	$55.8M-13.1%	$64.3M
Goodwill	$21.2M-72.9%	$78.4M-36.9%	$124.3M-8.9%	$136.4M+4222.9%	$3.2M
Total Liabilities	$118.9M+2.8%	$115.7M-0.3%	$116.0M-41.5%	$198.4M-10.3%	$221.3M
Current Liabilities	$87.7M+1.9%	$86.1M+0.9%	$85.3M-38.1%	$137.7M-20.5%	$173.3M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A
Total Equity	$418.6M-28.1%	$582.4M-14.9%	$684.3M-22.9%	$888.1M-15.4%	$1.0B
Retained Earnings	-$1.1B-6.7%	-$1.0B-8.1%	-$957.0M-5.5%	-$907.3M-39.6%	-$649.8M

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20
Total Assets	$544.0M-22.8%	$705.1M-17.0%	$850.0M-25.5%	$1.1B-10.4%	$1.3B
Current Assets	$321.6M-22.6%	$415.7M-18.3%	$508.7M-28.8%	$714.9M-34.2%	$1.1B
Cash & Equivalents	$112.0M-5.0%	$117.9M-46.3%	$219.4M-55.5%	$492.4M-43.9%	$877.7M
Inventory	$52.9M+6.7%	$49.6M-19.2%	$61.4M-43.8%	$109.2M+15.5%	$94.5M
Accounts Receivable	$29.4M+4.9%	$28.0M-3.8%	$29.1M-47.9%	$55.8M-13.1%	$64.3M
Goodwill	$21.2M-72.9%	$78.4M-36.9%	$124.3M-8.9%	$136.4M+4222.9%	$3.2M
Total Liabilities	$118.9M+2.8%	$115.7M-0.3%	$116.0M-41.5%	$198.4M-10.3%	$221.3M
Current Liabilities	$87.7M+1.9%	$86.1M+0.9%	$85.3M-38.1%	$137.7M-20.5%	$173.3M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A
Total Equity	$418.6M-28.1%	$582.4M-14.9%	$684.3M-22.9%	$888.1M-15.4%	$1.0B
Retained Earnings	-$1.1B-6.7%	-$1.0B-8.1%	-$957.0M-5.5%	-$907.3M-39.6%	-$649.8M

YSG Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$33.4M-120.6%	-$15.1M-176.6%	$19.7M+112.3%	-$160.1M-6.3%	-$150.7M
Capital Expenditures	$7.2M+17.5%	$6.1M-16.5%	$7.4M-66.8%	$22.2M-35.8%	$34.6M
Free Cash Flow	-$40.6M-90.8%	-$21.3M-271.8%	$12.4M+106.8%	-$182.3M+1.6%	-$185.3M
Investing Cash Flow	$81.1M+321.1%	-$36.7M+78.1%	-$167.5M+28.1%	-$232.9M-198.7%	-$78.0M
Financing Cash Flow	-$54.0M-12.0%	-$48.2M+49.2%	-$94.9M-35437.8%	-$267K-100.0%	$1.0B
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$55.6M+85.6%	$30.0M-68.4%	$94.9M+3889.7%	$2.4M-96.8%	$75.3M

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A

YSG Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20
Gross Margin	77.1%+3.5pp	73.6%+5.6pp	68.0%+1.2pp	66.8%+2.5pp	64.3%
Operating Margin	-24.3%+2.4pp	-26.8%-1.7pp	-25.1%+2.8pp	-27.8%+23.4pp	-51.3%
Net Margin	-20.9%+1.0pp	-21.9%+0.1pp	-22.0%+4.4pp	-26.4%+25.0pp	-51.4%
Return on Equity	-23.2%-5.1pp	-18.1%-0.8pp	-17.3%+9.9pp	-27.2%+12.0pp	-39.3%
Return on Assets	-17.8%-2.9pp	-14.9%-1.0pp	-13.9%+7.3pp	-21.2%+11.2pp	-32.4%
Current Ratio	3.67-1.2	4.83-1.1	5.96+0.8	5.19-1.1	6.27
Debt-to-Equity	0.28+0.1	0.20+0.0	0.17-0.1	0.22+0.0	0.21
FCF Margin	-8.7%-4.3pp	-4.4%-6.7pp	2.3%+22.2pp	-19.9%+3.2pp	-23.1%

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20
Gross Margin	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A
Current Ratio	3.67-1.2	4.83-1.1	5.96+0.8	5.19-1.1	6.27
Debt-to-Equity	0.28+0.1	0.20+0.0	0.17-0.1	0.22+0.0	0.21
FCF Margin	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Yatsen Hldg Ltd's annual revenue?

Yatsen Hldg Ltd (YSG) reported $464.9M in total revenue for fiscal year 2024. This represents a -3.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Yatsen Hldg Ltd's revenue growing?

Yatsen Hldg Ltd (YSG) revenue declined by 3.3% year-over-year, from $481.0M to $464.9M in fiscal year 2024.

Is Yatsen Hldg Ltd profitable?

No, Yatsen Hldg Ltd (YSG) reported a net income of -$97.0M in fiscal year 2024, with a net profit margin of -20.9%.

What is Yatsen Hldg Ltd's EBITDA?

Yatsen Hldg Ltd (YSG) had EBITDA of -$92.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Yatsen Hldg Ltd's gross margin?

Yatsen Hldg Ltd (YSG) had a gross margin of 77.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Yatsen Hldg Ltd's operating margin?

Yatsen Hldg Ltd (YSG) had an operating margin of -24.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Yatsen Hldg Ltd's net profit margin?

Yatsen Hldg Ltd (YSG) had a net profit margin of -20.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Yatsen Hldg Ltd's return on equity (ROE)?

Yatsen Hldg Ltd (YSG) has a return on equity of -23.2% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Yatsen Hldg Ltd's free cash flow?

Yatsen Hldg Ltd (YSG) generated -$40.6M in free cash flow during fiscal year 2024. This represents a -90.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Yatsen Hldg Ltd's operating cash flow?

Yatsen Hldg Ltd (YSG) generated -$33.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Yatsen Hldg Ltd's total assets?

Yatsen Hldg Ltd (YSG) had $544.0M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Yatsen Hldg Ltd's capital expenditures?

Yatsen Hldg Ltd (YSG) invested $7.2M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Yatsen Hldg Ltd spend on research and development?

Yatsen Hldg Ltd (YSG) invested $15.0M in research and development during fiscal year 2024.

Does Yatsen Hldg Ltd buy back shares?

Yes, Yatsen Hldg Ltd (YSG) spent $55.6M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

What is Yatsen Hldg Ltd's current ratio?

Yatsen Hldg Ltd (YSG) had a current ratio of 3.67 as of fiscal year 2024, which is generally considered healthy.

What is Yatsen Hldg Ltd's debt-to-equity ratio?

Yatsen Hldg Ltd (YSG) had a debt-to-equity ratio of 0.28 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Yatsen Hldg Ltd's return on assets (ROA)?

Yatsen Hldg Ltd (YSG) had a return on assets of -17.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Yatsen Hldg Ltd's cash runway?

Based on fiscal year 2024 data, Yatsen Hldg Ltd (YSG) had $112.0M in cash against an annual operating cash burn of $33.4M. This gives an estimated cash runway of approximately 40 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Yatsen Hldg Ltd's Piotroski F-Score?

Yatsen Hldg Ltd (YSG) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Yatsen Hldg Ltd's earnings high quality?

Yatsen Hldg Ltd (YSG) has an earnings quality ratio of 0.34x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Yatsen Hldg Ltd cover its interest payments?

Yatsen Hldg Ltd (YSG) has an interest coverage ratio of -9.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Yatsen Hldg Ltd?

Yatsen Hldg Ltd (YSG) scores 33 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.