Kingsoft Cloud Holdings (KC) EBITDA Margin (2019 - 2025)

Kingsoft Cloud Holdings (KC) posted EBITDA Margin of 2.41% for Q4 2025, up 58.95% on a QoQ basis from 5.86% in Q3 2025, and down 46.0% year-over-year from 4.46% in Q4 2024.

Kingsoft Cloud Holdings (KC) EBITDA Margin (2019 - 2025) Analysis & Trends

Kingsoft Cloud Holdings' EBITDA Margin history runs 7 years deep, the most recent figure standing at 2.41% for Q4 2025.

  • Quarterly EBITDA Margin fell 46.0% year-over-year to 2.41% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 8.03% (up 1468.0% YoY) and the FY2025 annual result came in at 7.97%, up 1473.0% from the prior year.
  • EBITDA Margin was 2.41% for Q4 2025 at Kingsoft Cloud Holdings, up from 5.86% in the prior quarter.
  • Across five years, EBITDA Margin topped out at 1.95% in Q4 2024 and bottomed at 60.66% in Q3 2024.
  • A 5-year average of 19.46% and a median of 15.17% in 2021 frame the typical range for EBITDA Margin.
  • Annual changes were most pronounced in 2023 — EBITDA Margin tumbled 2507 bps — and 2025, when it surged 5480 bps.
  • Kingsoft Cloud Holdings' EBITDA Margin stood at 10.42% in 2021, then sank by 198 bps to 31.08% in 2022, then surged by 36 bps to 19.9% in 2023, then soared by 90 bps to 1.95% in 2024, then declined by 23 bps to 2.41% in 2025.
  • Business Quant data shows KC's EBITDA Margin at 2.41% in Q4 2025, 5.86% in Q3 2025, and 13.92% in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA Margin (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn 28.69%
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 12.05%
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 14.56%
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 21.08%
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 4.06%
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn -22.99%
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn -23.45%
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 29.26%
10 Kingsoft Cloud Holdings 39.80 Bn 38.95 Bn 66.54 Mn -2.41%

Historic Data

Download Data
DateValue
Dec 31, 2025 -2.41%
Sep 30, 2025 -5.86%
Jun 30, 2025 -13.92%
Mar 31, 2025 -11.89%
Dec 31, 2024 -1.95%
Sep 30, 2024 -60.66%
Jun 30, 2024 -14.67%
Mar 31, 2024 -15.59%
Dec 31, 2023 -19.90%
Sep 30, 2023 -49.52%
Jun 30, 2023 -19.78%
Mar 31, 2023 -32.07%
Dec 31, 2022 -31.08%
Sep 30, 2022 -26.63%
Jun 30, 2022 -28.95%
Mar 31, 2022 -7.00%
Dec 31, 2021 -10.42%
Sep 30, 2021 -19.43%
Jun 30, 2021 -14.74%
Mar 31, 2021 -2.71%