Kingsoft Cloud Holdings (KC) Net Margin (2019 - 2025)
Kingsoft Cloud Holdings (KC) posted Net Margin of 6.87% for Q4 2025, down 1570.98% on a QoQ basis from 0.41% in Q3 2025, and up 229.0% year-over-year from 2.09% in Q4 2024.
Kingsoft Cloud Holdings (KC) Net Margin (2019 - 2025) Analysis & Trends
Kingsoft Cloud Holdings' Net Margin history runs 7 years deep, the most recent figure standing at 6.87% for Q4 2025.
- Quarterly Net Margin rose 229.0% year-over-year to 6.87% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 10.0% (up 1598.0% YoY) and the FY2025 annual result came in at 9.79%, up 1547.0% from the prior year.
- Net Margin was 6.87% for Q4 2025 at Kingsoft Cloud Holdings, down from 0.41% in the prior quarter.
- Across five years, Net Margin topped out at 0.41% in Q3 2025 and bottomed at 56.27% in Q3 2024.
- A 5-year average of 23.47% and a median of 20.89% in 2022 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2022 — Net Margin slumped 3255 bps — and 2025, when it jumped 5586 bps.
- Kingsoft Cloud Holdings' Net Margin stood at 17.97% in 2021, then retreated by 30 bps to 23.35% in 2022, then advanced by 29 bps to 16.62% in 2023, then surged by 45 bps to 9.16% in 2024, then gained by 25 bps to 6.87% in 2025.
- Business Quant data shows KC's Net Margin at 6.87% in Q4 2025, 0.41% in Q3 2025, and 19.35% in Q2 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 20.22% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | -18.33% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 2.29% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 18.93% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 7.47% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 22.90% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | -21.25% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 22.77% |
| 10 | Kingsoft Cloud Holdings | 39.80 Bn | 38.95 Bn | 66.54 Mn | -6.87% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -6.87% |
| Sep 30, 2025 | -0.41% |
| Jun 30, 2025 | -19.35% |
| Mar 31, 2025 | -15.58% |
| Dec 31, 2024 | -9.16% |
| Sep 30, 2024 | -56.27% |
| Jun 30, 2024 | -18.70% |
| Mar 31, 2024 | -21.55% |
| Dec 31, 2023 | -16.62% |
| Sep 30, 2023 | -47.92% |
| Jun 30, 2023 | -26.89% |
| Mar 31, 2023 | -32.57% |
| Dec 31, 2022 | -23.35% |
| Sep 30, 2022 | -40.48% |
| Jun 30, 2022 | -42.69% |
| 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% |