Kingsoft Cloud Holdings (KC) FCF Margin (2019 - 2025)
Kingsoft Cloud Holdings (KC) posted FCF Margin of 37.76% for Q4 2025, down 45.5% on a QoQ basis from 69.28% in Q3 2025, and up 1221.0% year-over-year from 2.86% in Q4 2024.
Kingsoft Cloud Holdings (KC) FCF Margin (2019 - 2025) Analysis & Trends
Kingsoft Cloud Holdings' FCF Margin history runs 7 years deep, the most recent figure standing at 37.76% for Q4 2025.
- Quarterly FCF Margin rose 1221.0% year-over-year to 37.76% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 39.96% (up 3195.0% YoY) and the FY2025 annual result came in at 36.41%, up 7614.0% from the prior year.
- FCF Margin was 37.76% for Q4 2025 at Kingsoft Cloud Holdings, down from 69.28% in the prior quarter.
- Across five years, FCF Margin topped out at 69.28% in Q3 2025 and bottomed at 29.15% in Q2 2022.
- A 5-year average of 5.77% and a median of 1.11% in 2023 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2021 — FCF Margin tumbled 2494 bps — and 2025, when it soared 5716 bps.
- Kingsoft Cloud Holdings' FCF Margin stood at 11.6% in 2021, then surged by 274 bps to 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.
- Business Quant data shows KC's FCF Margin at 37.76% in Q4 2025, 69.28% in Q3 2025, and 62.15% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 39.26% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 15.02% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 17.31% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 58.89% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 11.86% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 36.83% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 16.73% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 20.82% |
| 10 | Kingsoft Cloud Holdings | 39.80 Bn | 38.95 Bn | 66.54 Mn | 37.76% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 37.76% |
| Sep 30, 2025 | 69.28% |
| Jun 30, 2025 | 62.15% |
| Mar 31, 2025 | -21.24% |
| Dec 31, 2024 | 25.55% |
| Sep 30, 2024 | 12.11% |
| Jun 30, 2024 | 7.99% |
| Mar 31, 2024 | -18.27% |
| Dec 31, 2023 | 0.97% |
| Sep 30, 2023 | 1.25% |
| Jun 30, 2023 | 3.55% |
| Mar 31, 2023 | -14.56% |
| Dec 31, 2022 | 20.18% |
| Sep 30, 2022 | 9.68% |
| Jun 30, 2022 | -29.15% |
| Mar 31, 2022 | -0.23% |
| Dec 31, 2021 | -11.60% |
| Sep 30, 2021 | 0.58% |
| Jun 30, 2021 | -25.11% |
| Mar 31, 2021 | -15.59% |