Hesai Group (HSAI) stock

HSAINasdaqGeneral Industrial Machinery & Equipment, NECFiscal year ends December 31Also trades as HSIGF

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 24, 2026Score 7/30

$14.42+0.25 (+1.76%)

Close on Nov 13, 2026Market cap $2.25BP/E 32.3Yield –

Hesai operating margin

Operating margin is operating income as a percentage of revenue.

For fiscal 2025 it was 5.6%, against -9.9% the year before. The highest annual figure on record is 5.6% in fiscal 2025.

Period	Period end	Value	Change (pts)
FY2025	Dec 31, 2025	5.6%	+15.4
FY2024	Dec 31, 2024	-9.9%	+20.6
FY2023	Dec 31, 2023	-30.5%	+1.0
FY2022	Dec 31, 2022	-31.4%	+1663.1
FY2021	Dec 31, 2021	-1694.6%	−1670.1
FY2020	Dec 31, 2020	-24.5%	–

Trailing twelve months. Peers are matched on business description, industry and size. Ticks are peers, the dot is HSAI.

Revenue growth45.8% · median 15.8%

Gross margin41.8% · median 43.6%

Operating margin5.6% · median 5.6%

Net margin14.4% · median 2.7%

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