Cheetah Mobile (CMCM) Gross Margin (2013 - 2025)
Cheetah Mobile (CMCM) reported Gross Margin of 66.5% for Q4 2025, down 638.0% on a YoY basis from 12.36% in Q4 2024, and down 10.86% quarter-over-quarter from 74.6% in Q3 2025.
Cheetah Mobile (CMCM) Gross Margin (2013 - 2025) Analysis & Trends
Cheetah Mobile has reported Gross Margin for 13 years, with the latest figure at 66.5% in Q4 2025.
- For the quarter ending Q4 2025, Gross Margin fell 638.0% year-over-year to 66.5%; the trailing twelve-month figure through Dec 2025 stood at 72.46% (up 642.0% YoY), and the FY2025 full-year result was 72.5%, up 493.0% from the prior year.
- Gross Margin for Q4 2025 stood at 66.5%, down from 74.6% in the prior quarter.
- The five-year high for Gross Margin was 76.14% in Q2 2025, with the low at 59.56% in Q1 2024.
- Historically, Gross Margin has averaged 68.57% across 5 years, with a median of 67.87% in 2024.
- Annual changes were most pronounced in 2021 — Gross Margin tumbled 1215 bps — and 2022, when it jumped 1491 bps.
- Cheetah Mobile's Gross Margin stood at 60.55% in 2021, then climbed by 25 bps to 75.46% in 2022, then slipped by 15 bps to 64.29% in 2023, then increased by 13 bps to 72.87% in 2024, then retreated by 9 bps to 66.5% in 2025.
- The last three Gross Margin figures came in at 66.5% (Q4 2025), 74.6% (Q3 2025), and 76.14% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 1,913,603.98 Bn | 1,913,603.98 Bn | 295.20 Mn | 73.98% |
| 2 | Alphabet | 4,425.33 Bn | 4,209.71 Bn | 102.29 Bn | 93.08% |
| 3 | Meta Platforms | 1,502.66 Bn | 1,421.48 Bn | 46.09 Bn | 81.85% |
| 4 | Spotify Technology | 119.69 Bn | 109.44 Bn | 1.75 Bn | 32.98% |
| 5 | 33.22 Bn | 30.45 Bn | 511.94 Mn | 77.17% | |
| 6 | 13.64 Bn | 12.34 Bn | 768.96 Mn | 76.32% | |
| 7 | Kanzhun | 13.02 Bn | 10.92 Bn | 255.62 Bn | 85.23% |
| 8 | Snap | 9.72 Bn | 6.90 Bn | 1.29 Bn | 84.37% |
| 9 | Zillow | 8.26 Bn | 7.48 Bn | 519.00 Mn | 73.31% |
| 10 | Cheetah Mobile | 873.48 Mn | 686.23 Mn | 29.37 Mn | 66.50% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 66.50% |
| Sep 30, 2025 | 74.60% |
| Jun 30, 2025 | 76.14% |
| Mar 31, 2025 | 73.16% |
| Dec 31, 2024 | 72.87% |
| Sep 30, 2024 | 67.87% |
| Jun 30, 2024 | 64.09% |
| Mar 31, 2024 | 59.56% |
| Dec 31, 2023 | 64.29% |
| Sep 30, 2023 | 69.45% |
| Jun 30, 2023 | 65.75% |
| Mar 31, 2023 | 67.05% |
| Dec 31, 2022 | 75.46% |
| Dec 31, 2021 | 60.55% |
| Sep 30, 2021 | 62.07% |
| Jun 30, 2021 | 76.12% |
| Mar 31, 2021 | 70.08% |
| Dec 31, 2020 | 72.70% |
| Sep 30, 2020 | 68.89% |
| Jun 30, 2020 | 71.17% |