So-Young InternationalSY -5.30%77 Gross Margin % is 42.00% as of Mar. 2026, which is 44% below its 10-year median of 74.68. GuruFocus rates SY with a GF Score™ of 77/100 and a GF Value™ of $1.48 (Fairly Valued). The stock has 2 warning signs investors should review. Among 631 Healthcare Providers & Services companies, So-Young International ranks better than 56.89% on this metric.
SY's Gross Margin % is ranked better than 56.89% of 631
companies
in the Healthcare Providers & Services industry
Industry Median: 40.09
vs SY: 45.98
So-Young International had a gross margin of 42.00% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for So-Young International was -10.00% per year.
So-Young International (NAS:SY) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
So-Young International had a gross margin of 42.00% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
So-Young International Gross Margin % Related Terms
So-Young International Gross Margin % Historical Data
* Premium members only.
The historical data trend for So-Young International's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Health Information Services subindustry, So-Young International's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
So-Young International Gross Margin % vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, So-Young International's Gross Margin % distribution charts can be found below:
* The bar in red indicates where So-Young International's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
So-Young International (SY) has a Gross Margin % of 42.00% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on So-Young International and its competitors. This is 44% below median its historical median of 74.68. Over the past decade, So-Young International's Gross Margin % has ranged from 45.98 to 85.16. According to the industry distribution chart, So-Young International ranks #272 out of 631 companies in the Healthcare Providers & Services industry, placing it in the top 43.1%.
Is So-Young International's Gross Margin % too high?
So-Young International's current Gross Margin % of 42.00% is 44% below median its 10-year median of 74.68. Over the past 10 years, this metric has ranged from a low of 45.98 to a high of 85.16. The Healthcare Providers & Services industry median Gross Margin % is 40.09. So-Young International's value of 42.00% is 4.8% above this industry median. Based on the distribution chart, So-Young International ranks #272 out of 631 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, So-Young International has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does So-Young International's Gross Margin % compare to LFMD and SPOK?
According to the Healthcare Providers & Services industry distribution chart, So-Young International ranks #272 out of 631 companies for Gross Margin %. This puts So-Young International in the upper half of its industry. The industry median Gross Margin % is 40.09. So-Young International's value of 42.00% is 4.8% above this benchmark. Historically, So-Young International's own Gross Margin % has ranged from 45.98 to 85.16 over the past decade. While the company's 10-year median is 74.68 vs. the industry median of 40.09, So-Young International has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Healthcare Providers & Services company?
The median Gross Margin % among Healthcare Providers & Services companies is 40.09, based on 631 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. So-Young International's current Gross Margin % of 42.00% is 4.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on So-Young International and its competitors. For the Healthcare Providers & Services industry, the median Gross Margin % is 40.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. So-Young International's current Gross Margin % is 42.00%, which is 44% below median its own 10-year median of 74.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is So-Young International stock overvalued right now?
Based on GuruFocus' analysis, So-Young International (SY) is currently considered Fairly Valued. The stock's GF Value™ is $1.48, compared to a current price of $1.34 — trading 9.5% below its estimated fair value. The current Gross Margin % is 42.00%, which is 44% below median its 10-year median of 74.68 and 4.8% above the Healthcare Providers & Services industry median of 40.09. So-Young International's overall GF Score™ is 77/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For So-Young International (SY), the current Gross Margin % is 42.00% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is So-Young International (SY) Overvalued in 2026?
Based on GuruFocus' analysis, So-Young International stock appears to be undervalued.
The current stock price of $1.34 is trading 9.5% below its estimated GF Value™ of $1.48.
GuruFocus considers So-Young International to be Fairly Valued.
Key valuation signals for SY:
Gross Margin %: 42.00% (44% below median its 10-year median of 74.68)
GF Value™: $1.48 vs. price of $1.34 (9.5% below fair value)
Industry Position: 4.8% above the Healthcare Providers & Services median (#272 of 631)
No single metric tells the full story. See the SY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
So-Young International Inc is an aesthetic treatment platform in China connecting consumers with online services and offline treatments. Its online platform operates across multiple access points, including mobile app, Weixin mini program, and soyoung.com website, where both consumers and aesthetic practitioners can access media content, an engaging social community and a transparent reservation system. The company has four reportable segments: Aesthetic treatment services group, Platform service group, Wuhan Miracle, and Others. The majority of revenue is derived from the Platform service group, which generates revenue by providing information services and reservation services. All the company's revenues are derived from within the PRC.
77GF Score
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