Kingsoft Cloud Holdings (KC) FCF Margin (2019 - 2026)
Kingsoft Cloud Holdings' (KC) quarterly FCF Margin came in at 92.47% in Q2 2026, up 3092.0% on a YoY basis from 2.9% in Q2 2025, and up 370.17% quarter-over-quarter from 19.67% in Q1 2026.
Analysis
Kingsoft Cloud Holdings (KC) FCF Margin (2019 - 2026) Analysis & Trends
Kingsoft Cloud Holdings (KC) has reported FCF Margin for 8 consecutive years, with 92.47% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, FCF Margin rose 3092.0% year-over-year to 92.47%; the trailing twelve-month figure through Jun 2026 stood at 55.72% (up 3406.0% YoY), and the FY2025 full-year result was 35.94%, up 3228.0% from the prior year.
- FCF Margin improved to 92.47% in Q2 2026 per KC's latest filing, from 19.67% in the prior quarter.
- Across five years, FCF Margin topped out at 92.47% in Q2 2026 and bottomed at 28.86% in Q2 2022.
- Historically, FCF Margin has averaged 15.47% across 5 years, with a median of 8.85% in 2022.
- The sharpest annual moves came in 2023 and 2025: FCF Margin plunged 1920 bps in 2023, then soared 5705 bps in 2025.
- Over 5 years, FCF Margin stood at 20.18% in 2022, then tumbled by 95 bps to 0.97% in 2023, then surged by 2521 bps to 25.55% in 2024, then soared by 48 bps to 37.76% in 2025, then soared by 145 bps to 92.47% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 92.47%, 19.67%, and 37.76% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,711.27 Bn | 3,578.52 Bn | 60.48 Bn | 21.82% |
| 2 | International Business Machines | 221.25 Bn | 209.98 Bn | 9.91 Bn | 13.80% |
| 3 | Nebius | 57.28 Bn | 49.24 Bn | 448.70 Mn | 1,357.29% |
| 4 | CoreWeave | 49.24 Bn | 43.70 Bn | 1.70 Bn | -223.03% |
| 5 | Nutanix | 18.40 Bn | 16.38 Bn | 610.79 Mn | 28.05% |
| 6 | DigitalOcean Holdings | 11.81 Bn | 11.04 Bn | 154.66 Mn | 27.13% |
| 7 | Kingsoft Cloud Holdings | 3.27 Bn | 2.57 Bn | 68.71 Mn | 92.47% |
| 8 | SharonAI Holdings | 2.00 Bn | 139.21 Mn | 1.17 Mn | 943.13% |
| 9 | Tuya | 1.16 Bn | 182.03 Mn | 43.05 Mn | 6.64% |
| 10 | Backblaze | 776.06 Mn | 724.68 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 92.47% |
| Mar 31, 2026 | 19.67% |
| Dec 31, 2025 | 37.76% |
| Sep 30, 2025 | 68.90% |
| Jun 30, 2025 | 61.56% |
| Mar 31, 2025 | -21.20% |
| Dec 31, 2024 | 25.55% |
| Sep 30, 2024 | 11.86% |
| Jun 30, 2024 | 8.02% |
| Mar 31, 2024 | -18.27% |
| Dec 31, 2023 | 0.97% |
| Sep 30, 2023 | 1.26% |
| Jun 30, 2023 | 3.68% |
| Mar 31, 2023 | -14.56% |
| Dec 31, 2022 | 20.18% |
| Sep 30, 2022 | 9.68% |
| Jun 30, 2022 | -28.86% |
| Mar 31, 2022 | -0.23% |
| Dec 31, 2021 | -11.60% |
| Sep 30, 2021 | 0.58% |