Kingsoft Cloud Holdings (KC) Gross Margin (2019 - 2025)
Kingsoft Cloud Holdings (KC) posted Gross Margin of 16.85% for Q4 2025, up 9.64% on a QoQ basis from 15.37% in Q3 2025, and down 223.0% year-over-year from 13.7% in Q4 2024.
Kingsoft Cloud Holdings (KC) Gross Margin (2019 - 2025) Analysis & Trends
Kingsoft Cloud Holdings' Gross Margin history runs 7 years deep, the most recent figure standing at 16.85% for Q4 2025.
- Quarterly Gross Margin fell 223.0% year-over-year to 16.85% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 15.73% (down 148.0% YoY) and the FY2025 annual result came in at 15.73%, down 150.0% from the prior year.
- Gross Margin was 16.85% for Q4 2025 at Kingsoft Cloud Holdings, up from 15.37% in the prior quarter.
- Across five years, Gross Margin topped out at 19.08% in Q4 2024 and bottomed at 1.05% in Q4 2021.
- A 5-year average of 10.86% and a median of 11.67% in 2023 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2021 — Gross Margin plunged 377 bps — and 2023, when it surged 784 bps.
- Kingsoft Cloud Holdings' Gross Margin stood at 1.05% in 2021, then surged by 625 bps to 7.6% in 2022, then surged by 93 bps to 14.7% in 2023, then gained by 30 bps to 19.08% in 2024, then declined by 12 bps to 16.85% in 2025.
- Business Quant data shows KC's Gross Margin at 16.85% in Q4 2025, 15.37% in Q3 2025, and 14.42% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 48.77% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 45.03% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 76.92% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 70.68% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 48.28% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 66.61% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 95.85% |
| 10 | Kingsoft Cloud Holdings | 39.80 Bn | 38.95 Bn | 66.54 Mn | 16.85% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 16.85% |
| Sep 30, 2025 | 15.37% |
| Jun 30, 2025 | 14.42% |
| Mar 31, 2025 | 16.16% |
| Dec 31, 2024 | 19.08% |
| Sep 30, 2024 | 16.09% |
| Jun 30, 2024 | 16.83% |
| Mar 31, 2024 | 16.51% |
| Dec 31, 2023 | 14.70% |
| Sep 30, 2023 | 12.08% |
| Jun 30, 2023 | 11.26% |
| Mar 31, 2023 | 10.42% |
| Dec 31, 2022 | 7.60% |
| Sep 30, 2022 | 6.22% |
| Jun 30, 2022 | 3.42% |
| Mar 31, 2022 | 3.68% |
| Dec 31, 2021 | 1.05% |
| Sep 30, 2021 | 3.66% |
| Jun 30, 2021 | 5.45% |
| Mar 31, 2021 | 6.42% |