Boqii Holding Limited's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Boqii Holding Limited (BQ) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Boqii Holding Limited vs Its Competitors
- TTM: Trailing 12-month revenue of 59M vs 23,664M combined for tracked competitors (0.2% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+336.4% annualized vs trailing 12 months), vs holding steady (-1.6%) for its tracked peer group.
- Profitability: Its -12.5% net margin compares with 1.7% for the peer group.
- Scale: Boqii Holding Limited ranks #33 of 58 companies by market capitalization in the Specialty Retail industry, holding 0.1% of industry market cap.
- Peer revenue share: Boqii Holding Limited accounted for 1.1% of combined revenue among its tracked peer group.
- Peer differentiation: Revenue per employee of $0.37M compares with $0.43M for the peer group (0.9x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
BQ Sales vs. its Competitors, Q4 2025
With a net margin of -12.50 %, Boqii Holding Limited reported lower profitability than its competitors (1.66 %).
Boqii Holding Limited generated 1.10 % of the combined sales of its peer group.
Boqii Holding Limited vs. its Competitors, Q4 2025
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Boqii Holding Limited and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Boqii Holding Limited | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (10) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Boqii Holding Limited's competitor groups requires a Commercial License.
Boqii Holding Limited's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Boqii Holding Limited | - | - | - | - |
| Competitors combined (5) | ||||
| Similar-Size Competitors (10) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
BQ Stock Performance relative to its Competitors
BQ Stock Performance relative to Similar-Size Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Central Garden and Pet Company | 282.9% | Outperformed |
| 2 | Freshpet Inc | 282.9% | Outperformed |
| 3 | Petco Health And Wellness Company Inc | 282.9% | Outperformed |
| 4 | Bark Inc | 282.9% | Outperformed |
| 5 | Chewy Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Boqii Holding Limited's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Boqii Holding Limited's Comment on Competition and Industry Peers
Publicly Traded Peers of Boqii Holding Limited
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Boqii Holding Limited | 3.12 | 59.22 |
| Chewy Inc | 7,640.16 | 13,067.50 |
| Freshpet Inc | 3,208.02 | 1,176.91 |
| Central Garden and Pet Company | 2,458.06 | 3,084.08 |
| Petco Health And Wellness Company Inc | 643.96 | 5,964.53 |
| Bark Inc | 71.77 | 370.62 |
| SUBTOTAL | 14,025.08 | 23,722.86 |
Sources: Boqii Holding Limited's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Boqii Holding Limited versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Boqii Holding Limited's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Xingmu | Named by the company | 85% |
| Exp Oldco Winddown Inc | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Boqii Holding Limited's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Boqii Holding Limited's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Chewy Inc | Reportable 94.13 % |
| Central Garden and Pet Company | Pet Products 52.66 % |
| Bark Inc | Direct to Consumer 84.62 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Boqii Holding Limited's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Boqii Holding Limited | 3 | 374,824 | -1,679 |
| Chewy Inc | 7,640 | 725,972 | 15,206 |
| Freshpet Inc | 3,208 | 913,749 | 159,668 |
| Central Garden and Pet Company | 2,458 | 514,013 | 27,731 |
| Petco Health And Wellness Company Inc | 644 | 205,673 | 192 |
| Bark Inc | 72 | 739,766 | -62,341 |
| PEERS TOTAL | 14,022 | 431,905 | 11,318 |
Boqii Holding Limited's Position in Industry Market Structure
Market-capitalization share and concentration across all 54 companies in Boqii Holding Limited's industry classification, broader than the peer set above. Market cap in millions of $.Boqii Holding Limited ranks #33 of 54 companies by market capitalization in its industry, holding 0.14 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,746, indicating a moderately concentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Jd com Inc | 38,363 | 33.01 % |
| 2 | Ulta Beauty Inc | 24,220 | 20.84 % |
| 3 | Dick s Sporting Goods inc | 12,146 | 10.45 % |
| 4 | Firstcash Holdings Inc | 9,528 | 8.20 % |
| 5 | Yunji Inc | 1,234 | 5.2% |
| 6 | Bath and Body Works Inc | 1,234 | 5.2% |
| 7 | Academy Sports And Outdoors Inc | 1,234 | 5.2% |
| 8 | Ezcorp Inc | 1,234 | 5.2% |
| 9 | Rh | 1,234 | 5.2% |
| 10 | Bobs Discount Furniture Inc | 1,234 | 5.2% |
| 33 | Boqii Holding Limited | 159 | 0.14 % |
Market cap and industry share for the rest of Boqii Holding Limited's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-29.
Boqii Holding Limited's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 28 | Newegg Commerce Inc | 266 | -69.37 % |
| 29 | High Tide inc | 244 | -20.48 % |
| 30 | The Lovesac Company | 226 | -10.97 % |
| 31 | Homestolife Ltd | 193 | -30.65 % |
| 32 | 1 800 Flowers Com Inc | 1,234 | 12.3% |
| 33 | Boqii Holding Limited | 159 | -71.91 % |
| 34 | Brilliant Earth Group Inc | 1,234 | 12.3% |
| 35 | Playboy Inc | 1,234 | 12.3% |
| 36 | Virco Mfg Corporation | 1,234 | 12.3% |
| 37 | Bark Inc | 1,234 | 12.3% |
| 38 | Agassi Sports Entertainment Corp | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Boqii Holding Limited's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-29. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Boqii Holding Limited's BCG Growth-Share Matrix
Relative market share (vs Boqii Holding Limited's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Boqii Holding Limited falls in the Dog quadrant: relative market share of 0.00x vs its largest competitor, in an industry growing revenue -1.3% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Boqii Holding Limited's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Moderate | Industry HHI of 1,746 (see Industry Market Structure & Concentration above) |
| Supplier Power | Not covered on this page | See Boqii Holding Limited's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Boqii Holding Limited's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Boqii Holding Limited's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Boqii Holding Limited falls in the Low attractiveness / Low strength cell: Harvest / Divest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Boqii Holding Limited's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+336.4% annualized vs trailing 12 months).
Weaknesses
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.00x).
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Boqii Holding Limited's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Boqii Holding Limited | 0.83 | 3.25 | 0.17 |
| Chewy Inc | 0.29 | 0.84 | 0.34 |
| Freshpet Inc | 3.91 | 5.84 | 0.33 |
| Central Garden and Pet Company | 1.52 | 3.64 | 0.73 |
| Petco Health And Wellness Company Inc | 0.19 | 0.89 | 0.88 |
| Bark Inc | 0.51 | 1.70 | 0.26 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Boqii Holding Limited's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Boqii Holding Limited | Q1 2025 | -8.3 % | - |
| Chewy Inc | Q2 2026 | +7.3 % | +29.8 % |
| Freshpet Inc | Q2 2026 | +15.7 % | +32.5 % |
| Central Garden and Pet Company | Q2 2026 | -8.1 % | -5.7 % |
| Petco Health And Wellness Company Inc | Q1 2026 | +0.2 % | - |
| Bark Inc | Q2 2026 | -22.8 % | - |
| PEERS TOTAL | +2.7 % | +20.7 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Boqii Holding Limited's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Boqii Holding Limited | Q1 2025 | -13.9 % | +14,829.9 % |
| Chewy Inc | Q2 2026 | +7.3 % | +71.1 % |
| Freshpet Inc | Q2 2026 | +13.4 % | -11.1 % |
| Central Garden and Pet Company | Q2 2026 | -10.0 % | -8.9 % |
| Petco Health And Wellness Company Inc | Q1 2026 | -0.1 % | +34.3 % |
| Bark Inc | Q2 2026 | -43.5 % | -84.3 % |
Boqii Holding Limited's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Boqii Holding Limited | - | - | - |
| Chewy Inc | 7.99% | 23.82% | 62.13% |
| Freshpet Inc | 11.47% | 12.02% | 16.83% |
| Central Garden and Pet Company | 4.50% | 5.38% | 10.13% |
| Petco Health And Wellness Company Inc | 0.11% | 0.11% | 0.48% |
| Bark Inc | - | - | - |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Boqii Holding Limited's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Boqii Holding Limited | - | 0.05 |
| Chewy Inc | 28.11 | 0.58 |
| Freshpet Inc | 15.45 | 2.73 |
| Central Garden and Pet Company | 14.75 | 0.80 |
| Petco Health And Wellness Company Inc | 105.06 | 0.11 |
| Bark Inc | - | 0.19 |
| PEERS AVERAGE | 22.63 | 0.59 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.