Cheetah Mobile (CMCM) Operating Margin (2013 - 2026)
Cheetah Mobile's (CMCM) quarterly Operating Margin came in at 10.92% in Q1 2026, down 68.0% YoY from 34.13% in Q1 2025, and up 76.86% on a QoQ basis from 47.2% in Q4 2025.
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Cheetah Mobile (CMCM) Operating Margin (2013 - 2026) Analysis & Trends
Cheetah Mobile (CMCM) has 14 years of Operating Margin data on file, last reported at 10.92% in Q1 2026.
- Quarterly Operating Margin fell 68.0% year-over-year to 10.92% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 15.89% (up 3690.0% YoY) and the FY2025 annual result came in at 15.6%, up 3859.0% from the prior year.
- Operating Margin climbed to 10.92% in Q1 2026, from 47.2% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 1.37% in Q3 2025 to a low of 87.36% in Q4 2024.
- A 5-year average of 32.92% and a median of 27.79% in 2023 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2024 — Operating Margin tumbled 5667 bps — and 2025, when it surged 8062 bps.
- Tracing CMCM's Operating Margin over 5 years: stood at 18.88% in 2022, then tumbled by 63 bps to 30.69% in 2023, then tumbled by 185 bps to 87.36% in 2024, then jumped by 46 bps to 47.2% in 2025, then surged by 77 bps to 10.92% in 2026.
- The last three Operating Margin figures came in at 10.92% (Q1 2026), 47.2% (Q4 2025), and 1.37% (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 34.03% |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 30.88% |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | 21.88% |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | -30.21% |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 28.79% | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | 4.70% |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | - |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | -4.68% | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 28.77% |
| 10 | Cheetah Mobile | 101.52 Mn | -84.74 Mn | 24.15 Mn | -10.92% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | -10.92% |
| Dec 31, 2025 | -47.20% |
| Sep 30, 2025 | 1.37% |
| Jun 30, 2025 | -3.75% |
| Mar 31, 2025 | -10.25% |
| Dec 31, 2024 | -87.36% |
| Sep 30, 2024 | -37.48% |
| Jun 30, 2024 | -20.53% |
| Mar 31, 2024 | -42.35% |
| Dec 31, 2023 | -30.69% |
| Sep 30, 2023 | -24.88% |
| Jun 30, 2023 | -39.30% |
| Mar 31, 2023 | -24.81% |
| Dec 31, 2022 | -18.88% |
| Dec 31, 2021 | -30.50% |
| Sep 30, 2021 | -32.23% |
| Jun 30, 2021 | -27.78% |
| Mar 31, 2021 | -28.49% |
| Dec 31, 2020 | -27.35% |
| Sep 30, 2020 | -34.52% |