PerpEquities

Shein Group (SHEIN) financials

HKSE · Consumer Cyclical · Specialty Retail · 18,389 employees · CEO Yangtian Xu

Price
HK$36.00 -1.04%
Market cap
HK$101B
Enterprise value
$11B
Last report
Q2 '26 filed 2026-09-28
Next report
2026-12-02
Revenue (TTM)–– vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)–– vs a year agoOperating income –
Net income (TTM)–– vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)–– vs a year agoCapex –
Diluted EPS (TTM)–– vs a year agoSum of the last 4 quarters
Net cash$13.4B– vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap
HK$101B
EV $11B
Revenue
–
Trailing 12 months
Revenue growth
–
Next fiscal year
Profit margin
–
Net income / revenue, TTM
P/E
5.2×
P/S
0.6×
Price / sales, TTM
EV / EBITDA
4.1×
TTM
Free cash flow
–
Trailing 12 months
Net income
–
Trailing 12 months
Revenue estimate
–
Next fiscal year
Earnings
2026-12-02
Dividend
–
No dividend

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

  • Revenue growth steady: 0.9% year on yearQ2 '26 revenue $11.1B, against an average of 1.1% over the four quarters before.
  • Diluted share count up 0.1% in a year4.08B diluted shares in Q2 '26, 4.08B a year earlier.
  • Net cash $13.4BCash + short-term investments $14.6B, debt incl. leases $1.15B.

Last quarter: Q2 '26

Quarter ended 2026-06-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

Q2 '26Year agoChange
Revenue$11.1B$11B+0.9%
Gross margin69.8%67.0%+2.8 pp
Operating income$235M$698M-66.3%
Operating margin2.1%6.4%-4.2 pp
Net income$2.4B$691M+247.0%
Diluted EPS$0.05$0.17-70.6%
Operating cash flow$813M$1.82B-55.3%
Capex$80M$71M+12.7%
Free cash flow$733M$1.75B-58.1%
R&D$258M$221M+16.7%
Stock-based compensation$19M$17M+11.8%

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement
Free cash flow
–
Returned to shareholders / FCF
–

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years
Now5y averageWhere today sits in the 5-year range
P/E (TTM)5.2×6.1×4.8× – 7.8×
EV / EBITDA4.1×3.9×3.4× – 4.3×
EV / Sales0.5×0.4×0.3× – 0.4×
Price / FCF12.1×10.5×6.1× – 14.3×
Price / Book-2.6×––
FCF yield8.3%10.8%7.0% – 16.3%
Return on invested capital-13.9%-0.4%-24.2% – 14.5%
Return on equity-40.1%-29.7%-37.0% – -22.3%

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpenBalance sheetCash, investments, assets, debt, liabilities and equityOpenCash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates: Financial Modeling Prep.

Data as of 2026-11-01 · Amounts in USD as reported; price and market cap in HKD.