ZKH Group Ltd (ZKH) stock

ZKHNYSERetail-Building Materials, Hardware, Garden SupplyFiscal year ends December 31

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 24, 2026Score 4/30

$1.29+0.01 (+0.78%)

Close on Nov 13, 2026Market cap $410.11MP/E –Yield 0.00%

ZKH gross margin

Gross margin is gross profit as a percentage of revenue.

For fiscal 2025 it was 16.4%, against 17.2% the year before. The highest annual figure on record is 17.2% in fiscal 2024.

Period	Period end	Value	Change (pts)
FY2025	Dec 31, 2025	16.4%	−0.8
FY2024	Dec 31, 2024	17.2%	+0.6
FY2023	Dec 31, 2023	16.7%	+0.8
FY2022	Dec 31, 2022	15.8%	+2.3
FY2021	Dec 31, 2021	13.6%	–

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

Revenue growth2.6% · median 5.3%

Gross margin16.4% · median 44.8%

Operating margin-2.4% · median 8.2%

Net margin-1.6% · median 11.2%

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