Cheetah Mobile (CMCM) Operating Margin (2013 - 2025)
Cheetah Mobile (CMCM) reported Operating Margin of 47.2% for Q4 2025, up 4016.0% on a YoY basis from 1.15% in Q4 2024, and down 3551.69% quarter-over-quarter from 1.37% in Q3 2025.
Cheetah Mobile (CMCM) Operating Margin (2013 - 2025) Analysis & Trends
Cheetah Mobile has reported Operating Margin for 13 years, with the latest figure at 47.2% in Q4 2025.
- For the quarter ending Q4 2025, Operating Margin rose 4016.0% year-over-year to 47.2%; the trailing twelve-month figure through Dec 2025 stood at 15.79% (up 3599.0% YoY), and the FY2025 full-year result was 15.6%, up 158.0% from the prior year.
- Operating Margin for Q4 2025 stood at 47.2%, down from 1.37% in the prior quarter.
- The five-year high for Operating Margin was 1.37% in Q3 2025, with the low at 87.36% in Q4 2024.
- Historically, Operating Margin has averaged 30.97% across 5 years, with a median of 30.5% in 2021.
- Annual changes were most pronounced in 2024 — Operating Margin tumbled 5667 bps — and 2025, when it surged 4016 bps.
- Cheetah Mobile's Operating Margin stood at 30.5% in 2021, then surged by 38 bps to 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.
- The last three Operating Margin figures came in at 47.2% (Q4 2025), 1.37% (Q3 2025), and 3.75% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nebius | 1,913,603.98 Bn | 1,913,603.98 Bn | 295.20 Mn | -32.08% |
| 2 | Alphabet | 4,425.33 Bn | 4,209.71 Bn | 102.29 Bn | 36.12% |
| 3 | Meta Platforms | 1,502.66 Bn | 1,421.48 Bn | 46.09 Bn | 40.62% |
| 4 | Spotify Technology | 119.69 Bn | 109.44 Bn | 1.75 Bn | 15.77% |
| 5 | 33.22 Bn | 30.45 Bn | 511.94 Mn | 27.57% | |
| 6 | 13.64 Bn | 12.34 Bn | 768.96 Mn | -7.97% | |
| 7 | Kanzhun | 13.02 Bn | 10.92 Bn | 255.62 Bn | 30.14% |
| 8 | Snap | 9.72 Bn | 6.90 Bn | 1.29 Bn | -4.87% |
| 9 | Zillow | 8.26 Bn | 7.48 Bn | 519.00 Mn | 5.08% |
| 10 | Cheetah Mobile | 873.48 Mn | 686.23 Mn | 29.37 Mn | -47.20% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | -41.86% |
| 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% |
| Jun 30, 2020 | -46.39% |