Cheetah Mobile (CMCM) Gross Margin (2013 - 2026)
Cheetah Mobile's (CMCM) quarterly Gross Margin came in at 64.31% in Q1 2026, down 885.0% YoY from 8.19% in Q1 2025, and down 3.29% on a QoQ basis from 66.5% in Q4 2025.
Cheetah Mobile (CMCM) Gross Margin (2013 - 2026) Analysis & Trends
Cheetah Mobile (CMCM) has 14 years of Gross Margin data on file, last reported at 64.31% in Q1 2026.
- Quarterly Gross Margin fell 885.0% year-over-year to 64.31% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 70.43% (down 1336.0% YoY) and the FY2025 annual result came in at 72.5%, up 493.0% from the prior year.
- Gross Margin slipped to 64.31% in Q1 2026, from 66.5% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 129.15% in Q2 2024 to a low of 59.56% in Q1 2024.
- A 5-year average of 73.3% and a median of 68.66% in 2023 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2024 — Gross Margin surged 6340 bps — and 2025, when it slumped 5301 bps.
- Tracing CMCM's Gross Margin over 5 years: stood at 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, then retreated by 3 bps to 64.31% in 2026.
- The last three Gross Margin figures came in at 64.31% (Q1 2026), 66.5% (Q4 2025), and 74.6% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,234.87 Bn | 3,805.83 Bn | 73.85 Bn | 61.65% |
| 2 | Meta Platforms | 1,535.77 Bn | 1,445.51 Bn | 49.47 Bn | 81.37% |
| 3 | Taboola.com | 1,137.67 Bn | 1,137.54 Bn | 139.48 Mn | 29.25% |
| 4 | Baidu | 289.51 Bn | 285.02 Bn | 1.88 Mn | 0.04% |
| 5 | Spotify Technology | 102.78 Bn | 92.54 Bn | 1.75 Bn | 32.98% |
| 6 | Joyy | 77.93 Bn | 77.04 Bn | 205.64 Mn | 35.34% |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 75.52% |
| 8 | Nebius | 49.19 Bn | 39.57 Bn | 295.20 Mn | 73.98% |
| 9 | 30.48 Bn | 27.69 Bn | 734.60 Mn | 91.27% | |
| 10 | Cheetah Mobile | 4.66 Bn | 4.47 Bn | 24.15 Mn | 64.31% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 64.31% |
| 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 | 129.15% |
| 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% |