Kingsoft Cloud Holdings (KC) Net Margin (2019 - 2025)
Kingsoft Cloud Holdings' (KC) quarterly Net Margin came in at 6.87% in Q4 2025, up 245.0% YoY from 1.99% in Q4 2024, and down 1264.33% on a QoQ basis from 0.5% in Q3 2025.
Kingsoft Cloud Holdings (KC) Net Margin (2019 - 2025) Analysis & Trends
Kingsoft Cloud Holdings (KC) has 7 years of Net Margin data on file, last reported at 6.87% in Q4 2025.
- Quarterly Net Margin rose 245.0% year-over-year to 6.87% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 9.9% (up 1587.0% YoY) and the FY2025 annual result came in at 9.79%, up 1547.0% from the prior year.
- Net Margin retreated to 6.87% in Q4 2025, from 0.5% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 0.5% in Q3 2025 to a low of 55.14% in Q3 2024.
- A 5-year average of 23.43% and a median of 20.89% in 2022 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2022 — Net Margin tumbled 3274 bps — and 2025, when it jumped 5464 bps.
- Tracing KC's Net Margin over 5 years: stood at 17.97% in 2021, then declined by 30 bps to 23.35% in 2022, then climbed by 29 bps to 16.58% in 2023, then surged by 44 bps to 9.32% in 2024, then rose by 26 bps to 6.87% in 2025.
- The last three Net Margin figures came in at 6.87% (Q4 2025), 0.5% (Q3 2025), and 19.25% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 21.16% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 41.92% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 18.93% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 17.17% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 7.47% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | -21.25% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 17.88% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 25.87% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 35.80% |
| 10 | Kingsoft Cloud Holdings | 3.50 Bn | 2.63 Bn | 66.54 Mn | -6.87% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -6.87% |
| Sep 30, 2025 | -0.50% |
| Jun 30, 2025 | -19.25% |
| Mar 31, 2025 | -15.08% |
| Dec 31, 2024 | -9.32% |
| Sep 30, 2024 | -55.14% |
| Jun 30, 2024 | -17.97% |
| Mar 31, 2024 | -22.42% |
| Dec 31, 2023 | -16.58% |
| Sep 30, 2023 | -47.65% |
| Jun 30, 2023 | -27.56% |
| Mar 31, 2023 | -32.49% |
| Dec 31, 2022 | -23.35% |
| Sep 30, 2022 | -40.48% |
| Jun 30, 2022 | -42.88% |
| Mar 31, 2022 | -20.74% |
| Dec 31, 2021 | -17.97% |
| Sep 30, 2021 | -21.04% |
| Jun 30, 2021 | -10.14% |
| Mar 31, 2021 | -21.09% |