Kingsoft Cloud Holdings (KC) FCF Margin (2019 - 2026)
Kingsoft Cloud Holdings (KC) posted FCF Margin of 92.47% for Q2 2026, up 30.92 percentage points from 61.56% a year earlier and up 72.81 percentage points from the prior quarter.
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Analysis
Kingsoft Cloud Holdings (KC) FCF Margin (2019 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, FCF Margin at Kingsoft Cloud Holdings was 55.72%, up 34.06 percentage points year-over-year; for FY2025, it was 86.98%, up 31.74 percentage points from FY2024.
- Annual FCF Margin shows a five-year change of -192928.62 percentage points (FY2020 to FY2025).
- In prior years, Kingsoft Cloud Holdings' FCF Margin was 55.24% in FY2024 (-253893.43 pp), 253948.66% in FY2023 (+253929.01 pp), 19.65% in FY2022 (+19.49 pp) and 0.16% in FY2021 (-193015.44 pp).
- The Q2 2026 figure stands as the highest quarterly FCF Margin in data going back to Q1 2019.
- On a year-over-year basis, FCF Margin has increased in each of the last five quarters, with an average year-over-year change of +28.35 percentage points over the last eight quarters.
- The strongest year-over-year quarter for FCF Margin in the past five years was Q3 2025, with a gain of 57.05 percentage points; the weakest was Q2 2023, with a drop of 38.13 percentage points.
- According to Business Quant data, FCF Margin for the three prior quarters was 19.67% (Q1 2026), 37.76% (Q4 2025) and 68.90% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,781.98 Bn | 3,705.13 Bn | 60.48 Bn | 21.82% |
| 2 | International Business Machines | 207.92 Bn | 158.82 Bn | 9.91 Bn | 13.80% |
| 3 | Cloudflare | 114.07 Bn | 97.60 Bn | 499.52 Mn | 9.71% |
| 4 | Equinix | 99.76 Bn | 88.32 Bn | 1.40 Bn | -19.47% |
| 5 | Nebius | 58.67 Bn | 32.10 Bn | 448.70 Mn | 1,357.29% |
| 6 | CoreWeave | 46.87 Bn | 33.97 Bn | 1.70 Bn | -223.03% |
| 7 | Verisign | 25.50 Bn | 22.71 Bn | 384.60 Mn | 48.96% |
| 8 | Nutanix | 18.59 Bn | 10.27 Bn | 651.35 Mn | 36.66% |
| 9 | Akamai Technologies | 15.65 Bn | 9.06 Bn | 613.75 Mn | 16.49% |
| 10 | Kingsoft Cloud Holdings | 2.73 Bn | -70.07 Mn | 68.71 Mn | 92.47% |
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 | 22.11% |
| Sep 30, 2022 | 18.68% |
| Jun 30, 2022 | 41.81% |
| Mar 31, 2022 | -0.23% |
| Dec 31, 2021 | 7.89% |
| Sep 30, 2021 | 0.58% |
API Access
Kingsoft Cloud Holdings FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=KC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "KC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=KC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();