Miniso Group Holding Limited's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Miniso Group Holding Limited (MNSO) 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: Miniso Group Holding Limited vs Its Competitors
- TTM: Trailing 12-month revenue of 3,184M vs 1,294,436M combined for tracked competitors (0.2% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months), vs accelerating (+2.9%) for its tracked peer group.
- Growth: Miniso Group Holding Limited generated 26.2% revenue growth year over year in Q4 2025, vs 7.1% for its tracked competitors combined.
- Profitability: Its 5.6% net margin compares with 3.8% for the peer group.
- Scale: Miniso Group Holding Limited ranks #12 of 30 companies by market capitalization in the Wholesale industry, holding 0.7% of industry market cap.
- Peer revenue share: Miniso Group Holding Limited accounted for 1.0% of combined revenue among its tracked peer group, up from 0.8% a year earlier.
- Peer differentiation: Revenue per employee of $0.31M compares with $0.37M for the peer group (0.8x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
MNSO Sales vs. its Competitors, Q4 2025
Miniso Group Holding Limited reported revenue growth of 26.18 % year on year in Q4 2025, above its competitors' combined revenue growth of 7.08 %.
With a net margin of 5.64 %, Miniso Group Holding Limited achieved higher profitability than its competitors (3.78 %).
Miniso Group Holding Limited generated 0.95 % of the combined sales of its peer group, up from 0.80 % a year earlier.
Miniso Group Holding Limited vs. its Competitors, Q4 2025
Revenue growth, year on year
Net income growth, year on year
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 Miniso Group Holding Limited and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Miniso Group Holding Limited | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (1) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (10) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (7) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Miniso Group Holding Limited's competitor groups requires a Commercial License.
For context: the Wholesale industry grew revenue 8.3% year over year, combined, vs 26.2% for Miniso Group Holding Limited. Miniso Group Holding Limited's share of combined industry revenue moved from 0.72% to 0.84%, a gain of 0.12 percentage points.
Miniso Group 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 |
|---|---|---|---|---|
| Miniso Group Holding Limited | Yes | Yes | Yes | Yes |
| Competitors combined (11) | ||||
| High-Confidence Competitors (1) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 12.50 % (1 of 8) |
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.
MNSO Stock Performance relative to its Competitors
MNSO Stock Performance relative to High-Confidence Competitors
MNSO Stock Performance relative to Similar-Size Competitors
MNSO Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Target Corporation | 282.9% | Outperformed |
| 2 | Ross Stores Inc | 282.9% | Outperformed |
| 3 | Five Below Inc | 282.9% | Outperformed |
| 4 | Dollar Tree Inc | 282.9% | Outperformed |
| 5 | Best Buy Co Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Miniso Group Holding Limited's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Miniso Group Holding Limited's Comment on Competition and Industry Peers
Publicly Traded Peers of Miniso Group Holding Limited
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Miniso Group Holding Limited | - | 3,183.75 |
| Walmart Inc | 845,907.34 | 735,840.00 |
| Costco Wholesale Corp | 409,221.10 | 293,587.00 |
| Ross Stores Inc | 75,335.09 | 23,776.06 |
| Target Corporation | 71,562.88 | 106,377.00 |
| Dollar General Corp | 27,282.77 | 43,637.59 |
| SUBTOTAL | 1,500,492.10 | 1,302,134.03 |
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Sources: Miniso Group 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 Miniso Group Holding Limited versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Miniso Group 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 |
|---|---|---|
| Universal | Named by the company | 85% |
| Disney | Named by the company | 85% |
| Sanrio | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Miniso Group 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.
Miniso Group 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 |
|---|---|
| Walmart Inc | Walmart US 66.44 % |
| Costco Wholesale Corp | United States 72.93 % |
| Ross Stores Inc | Reportable 100.00 % |
| Dollar General Corp | Single Reportable Segment 100.00 % |
| Dollar Tree Inc | Reportable 99.89 % |
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).
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Miniso Group 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 |
|---|---|---|---|
| Miniso Group Holding Limited | - | 309,102 | 17,442 |
| Walmart Inc | 845,907 | 350,400 | 10,714 |
| Costco Wholesale Corp | 409,221 | 860,959 | 60,381 |
| Ross Stores Inc | 75,335 | 214,199 | 20,863 |
| Target Corporation | 71,563 | 256,330 | 8,313 |
| Dollar General Corp | 27,283 | 224,936 | 8,780 |
| PEERS TOTAL | 1,500,492 | 370,543 | 15,341 |
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Miniso Group Holding Limited's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Best Buy Co Inc | United States 91.81 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Miniso Group Holding Limited's Position in Industry Market Structure
Market-capitalization share and concentration across all 26 companies in Miniso Group Holding Limited's industry classification, broader than the peer set above. Market cap in millions of $.Miniso Group Holding Limited ranks #12 of 26 companies by market capitalization in its industry, holding 0.69 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 3,598, indicating a highly 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 | Walmart Inc | 867,448 | 53.85 % |
| 2 | Costco Wholesale Corp | 410,173 | 25.46 % |
| 3 | Target Corporation | 72,212 | 4.48 % |
| 4 | W w Grainger Inc | 59,269 | 3.68 % |
| 5 | Sysco Corporation | 1,234 | 5.2% |
| 6 | Dollar General Corp | 1,234 | 5.2% |
| 7 | Dollar Tree Inc | 1,234 | 5.2% |
| 8 | Us Foods Holding Corp | 1,234 | 5.2% |
| 9 | Best Buy Co Inc | 1,234 | 5.2% |
| 10 | Five Below Inc | 1,234 | 5.2% |
| 12 | Miniso Group Holding Limited | 11,092 | 0.69 % |
Market cap and industry share for the rest of Miniso Group 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 2026-09-28.
Miniso Group 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 |
|---|---|---|---|
| 7 | Dollar Tree Inc | 22,902 | 21.41 % |
| 8 | Us Foods Holding Corp | 20,712 | 22.18 % |
| 9 | Best Buy Co Inc | 18,998 | 20.15 % |
| 10 | Five Below Inc | 12,678 | 50.33 % |
| 11 | Bj s Wholesale Club Holdings Inc | 1,234 | 12.3% |
| 12 | Miniso Group Holding Limited | 11,092 | -60.23 % |
| 13 | Domino s Pizza Inc | 1,234 | 12.3% |
| 14 | Core and Main Inc | 1,234 | 12.3% |
| 15 | Pool Corporation | 1,234 | 12.3% |
| 16 | Pricesmart Inc | 1,234 | 12.3% |
| 17 | Ollie s Bargain Outlet Holdings Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Miniso Group Holding Limited's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Miniso Group Holding Limited's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Wholesale industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (43 companies). See the full Wholesale industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 45.00 % | 27.15 % (avg) | +17.8 pp |
| Operating Margin | 15.41 % | industry median | +10.8 pp |
| EBITDA Margin | 8.92 % | -0.10 % (avg) | +9.0 pp |
| Capital Intensity (Capex / Revenue) | 0.00 % | 2.47 % (avg) | -2.5 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Miniso Group Holding Limited's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue Growth | 9.04 % | 48.17 % | 26.18 % |
| Operating Margin | 19.39 % | 19.52 % | 15.41 % |
| Return on Invested Capital | 11.54 % | 14.58 % | 10.70 % |
| P/E | 17.0x | 9.6x | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Miniso Group Holding Limited's Strategic Group Map
Every company in Miniso Group Holding Limited's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Miniso Group Holding Limited is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Miniso Group Holding Limited's BCG Growth-Share Matrix
Relative market share (vs Miniso Group 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.
Miniso Group Holding Limited falls in the Dog quadrant: relative market share of 0.01x vs its largest competitor, in an industry growing revenue 2.3% (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. A caveat worth reading alongside this chart: Walmart Inc alone holds 54% of this industry's market cap. In an industry this dominated by one leader, the framework will place nearly every OTHER company in "Dog" or "Question Mark" purely because relative share is measured against that leader, regardless of how strong those other companies actually are on their own fundamentals. Check the Profitability, Valuation and Financial Strength sections above before treating this quadrant label as a verdict.
Miniso Group 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 | Low | Industry HHI of 3,598 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 0.00 % vs industry average 2.47 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Miniso Group Holding Limited's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Miniso Group 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.
Miniso Group 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.
Miniso Group Holding Limited falls in the Medium attractiveness / Medium strength cell: Selective.
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.
Miniso Group 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
- Operating margin 10.8 points above the industry median.
- Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months).
Weaknesses
- Return on equity 19.9 points below the industry aggregate.
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.01x).
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
No rule matched.
Threats
- Industry dominated by Walmart Inc , holding 53.85 % of industry market cap.
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.
Miniso Group 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 |
|---|---|---|---|
| Miniso Group Holding Limited | 0.80 | 1.66 | 0.51 |
| Walmart Inc | 0.10 | 0.78 | 0.38 |
| Costco Wholesale Corp | 0.41 | 1.05 | 0.18 |
| Ross Stores Inc | 0.87 | 1.55 | 0.23 |
| Target Corporation | 0.21 | 0.96 | 1.02 |
| Dollar General Corp | 0.19 | 1.17 | 0.54 |
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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.
Miniso Group 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 |
|---|---|---|---|
| Miniso Group Holding Limited | Q4 2025 | +26.2 % | -54.1 % |
| Walmart Inc | Q2 2026 | +5.9 % | -8.7 % |
| Costco Wholesale Corp | Q2 2026 | +11.6 % | +14.4 % |
| Ross Stores Inc | Q1 2026 | +20.6 % | +35.6 % |
| Target Corporation | Q1 2026 | +6.7 % | -24.6 % |
| Dollar General Corp | Q2 2026 | +5.2 % | +33.8 % |
| PEERS TOTAL | +7.6 % | +0.3 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Miniso Group 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 |
|---|---|---|---|
| Miniso Group Holding Limited | Q4 2025 | +26.1 % | - |
| Walmart Inc | Q2 2026 | +4.5 % | +16.7 % |
| Costco Wholesale Corp | Q2 2026 | +11.9 % | +24.9 % |
| Ross Stores Inc | Q1 2026 | +18.1 % | +0.8 % |
| Target Corporation | Q1 2026 | +5.4 % | +31.0 % |
| Dollar General Corp | Q2 2026 | +3.3 % | +1.0 % |
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Miniso Group Holding Limited's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Miniso Group Holding Limited | 4.23% | 6.00% | 11.29% |
| Walmart Inc | 7.78% | 13.37% | 21.78% |
| Costco Wholesale Corp | 24.96% | 46.27% | 65.85% |
| Ross Stores Inc | 15.18% | 23.36% | 38.42% |
| Target Corporation | 5.86% | 9.45% | 21.74% |
| Dollar General Corp | 5.38% | 4.67% | 19.56% |
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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).
Miniso Group 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 |
|---|---|---|
| Miniso Group Holding Limited | 43.77 | - |
| Walmart Inc | 38.28 | 1.15 |
| Costco Wholesale Corp | 46.32 | 1.39 |
| Ross Stores Inc | 32.80 | 3.17 |
| Target Corporation | 20.74 | 0.67 |
| Dollar General Corp | 16.02 | 0.63 |
| PEERS AVERAGE | 27.81 | 1.15 |
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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.