KE Holdings (BEKE) FCF Margin (2019 - 2026)
KE Holdings' FCF Margin was 26.85% in Q2 2026, up 23.70 percentage points from 3.15% a year earlier and up 34.61 percentage points from the prior quarter.
KE Holdings (BEKE) FCF Margin (2019 - 2026) Analysis & Trends
On a trailing twelve-month basis, KE Holdings' FCF Margin was 8.99% through Jun 30, 2026, up 4.75 percentage points year-over-year; for FY2025, it came in at -1.04%, down 10.18 percentage points from FY2024.
- FCF Margin has now declined for three consecutive years, with a five-year change of -15.58 percentage points (FY2020 to FY2025).
- In earlier years, FCF Margin was 9.14% in FY2024 (-4.08 pp), 13.22% in FY2023 (-2.03 pp), 15.25% in FY2022 (+9.03 pp) and 6.22% in FY2021 (-8.32 pp).
- The Q2 2026 figure marks the highest quarterly FCF Margin since Q1 2023.
- Compared with a year earlier, FCF Margin was higher in three of the last eight quarters, with an average year-over-year change of +0.71 percentage points.
- The best year-over-year quarter for FCF Margin over five years was Q1 2023 (a gain of 31.12 percentage points); the worst was Q1 2024 (a drop of 50.76 percentage points).
- Per Business Quant data, BEKE's FCF Margin in the three quarters before Q2 2026 was -7.76% (Q1 2026), 8.50% (Q4 2025) and 3.67% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | KE Holdings | 37.89 Bn | 18.60 Bn | 1.03 Bn | 26.85% |
| 2 | Cbre | 37.24 Bn | 31.01 Bn | 2.09 Bn | -0.30% |
| 3 | Jones Lang Lasalle | 14.06 Bn | 12.27 Bn | - | 6.32% |
| 4 | Compass | 6.70 Bn | 5.16 Bn | - | 4.18% |
| 5 | Colliers International | 4.59 Bn | 3.66 Bn | 635.11 Mn | 10.87% |
| 6 | Cushman & Wakefield | 2.77 Bn | 247.78 Mn | 512.00 Mn | 1.65% |
| 7 | Newmark | 1.95 Bn | 1.33 Bn | - | 38.46% |
| 8 | Marcus & Millichap | 1.08 Bn | 173.61 Mn | - | 10.46% |
| 9 | Agnt | 613.32 Mn | 143.01 Mn | 98.80 Mn | 2.51% |
| 10 | Rmr | 580.01 Mn | 504.47 Mn | - | 14.53% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.85% |
| Mar 31, 2026 | -7.76% |
| Dec 31, 2025 | 8.50% |
| Sep 30, 2025 | 3.67% |
| Jun 30, 2025 | 3.15% |
| Mar 31, 2025 | -16.97% |
| Dec 31, 2024 | 16.99% |
| Sep 30, 2024 | 9.75% |
| Jun 30, 2024 | 17.63% |
| Mar 31, 2024 | -13.00% |
| Dec 31, 2023 | 9.89% |
| Sep 30, 2023 | 11.08% |
| Jun 30, 2023 | -1.04% |
| Mar 31, 2023 | 37.76% |
| Dec 31, 2022 | 15.67% |
| Sep 30, 2022 | 11.85% |
| Jun 30, 2022 | 21.92% |
| Mar 31, 2022 | 6.64% |
| Dec 31, 2021 | 7.19% |
| Sep 30, 2021 | -6.38% |
KE Holdings FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=BEKE&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "BEKE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=BEKE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();