Cheetah Mobile (CMCM) Net Margin (2013 - 2026)
Cheetah Mobile's (CMCM) quarterly Net Margin came in at 6.72% in Q1 2026, up 616.0% YoY from 0.94% in Q1 2025, and up 89.12% on a QoQ basis from 61.76% in Q4 2025.
Analysis
Cheetah Mobile (CMCM) Net Margin (2013 - 2026) Analysis & Trends
Cheetah Mobile (CMCM) has 14 years of Net Margin data on file, last reported at 6.72% in Q1 2026.
- Quarterly Net Margin rose 616.0% year-over-year to 6.72% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 21.11% (up 4365.0% YoY) and the FY2025 annual result came in at 15.69%, up 3642.0% from the prior year.
- Net Margin rose to 6.72% in Q1 2026, from 61.76% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 3.8% in Q3 2025 to a low of 155.01% in Q2 2023.
- A 5-year average of 53.02% and a median of 33.24% in 2024 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2024 — Net Margin tumbled 5670 bps — and 2025, when it surged 9294 bps.
- Tracing CMCM's Net Margin over 5 years: stood at 83.66% in 2022, then declined by 17 bps to 98.01% in 2023, then slumped by 58 bps to 154.7% in 2024, then surged by 60 bps to 61.76% in 2025, then soared by 89 bps to 6.72% in 2026.
- The last three Net Margin figures came in at 6.72% (Q1 2026), 61.76% (Q4 2025), and 3.8% (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 93.58% |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 26.07% |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | 11.41% |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | -2.47% |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 31.41% | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | 4.33% |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | - |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | -3.96% | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 19.99% |
| 10 | Cheetah Mobile | 101.52 Mn | -84.74 Mn | 24.15 Mn | -6.72% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | -6.72% |
| Dec 31, 2025 | -61.76% |
| Sep 30, 2025 | -3.80% |
| Jun 30, 2025 | -7.60% |
| Mar 31, 2025 | -12.88% |
| Dec 31, 2024 | -154.70% |
| Sep 30, 2024 | -23.91% |
| Jun 30, 2024 | -32.79% |
| Mar 31, 2024 | -42.47% |
| Dec 31, 2023 | -98.01% |
| Sep 30, 2023 | -14.74% |
| Jun 30, 2023 | -155.01% |
| Mar 31, 2023 | -10.91% |
| Dec 31, 2022 | -83.66% |
| Dec 31, 2021 | -95.02% |
| Sep 30, 2021 | -19.48% |
| Jun 30, 2021 | -23.69% |
| Mar 31, 2021 | 45.90% |
| Dec 31, 2020 | -18.45% |
| Sep 30, 2020 | 41.34% |