Kingsoft Cloud Holdings (KCLHF) Gross Margin (2019 - 2025)
Kingsoft Cloud Holdings (KCLHF) reported Gross Margin of 16.85% for Q4 2025, down 223.0% on a YoY basis from 13.7% in Q4 2024, and up 9.64% quarter-over-quarter from 15.37% in Q3 2025.
Kingsoft Cloud Holdings (KCLHF) Gross Margin (2019 - 2025) Analysis & Trends
Kingsoft Cloud Holdings has reported Gross Margin for 7 years, with the latest figure at 16.85% in Q4 2025.
- For the quarter ending Q4 2025, Gross Margin fell 223.0% year-over-year to 16.85%; the trailing twelve-month figure through Dec 2025 stood at 15.73% (down 148.0% YoY), and the FY2025 full-year result was 15.73%, down 150.0% from the prior year.
- Gross Margin for Q4 2025 stood at 16.85%, up from 15.37% in the prior quarter.
- The five-year high for Gross Margin was 19.08% in Q4 2024, with the low at 1.05% in Q4 2021.
- Historically, Gross Margin has averaged 10.86% across 5 years, with a median of 11.67% in 2023.
- Annual changes were most pronounced in 2021 — Gross Margin sank 377 bps — and 2023, when it surged 784 bps.
- Kingsoft Cloud Holdings' Gross Margin stood at 1.05% in 2021, then soared by 625 bps to 7.6% in 2022, then soared by 93 bps to 14.7% in 2023, then increased by 30 bps to 19.08% in 2024, then slipped by 12 bps to 16.85% in 2025.
- The last three Gross Margin figures came in at 16.85% (Q4 2025), 15.37% (Q3 2025), and 14.42% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 257.53 Bn | 239.56 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 171.61 Bn | 169.06 Bn | - | - |
| 3 | Salesforce | 152.15 Bn | 140.31 Bn | 8.56 Bn | 76.92% |
| 4 | Uber Technologies | 144.45 Bn | 143.41 Bn | 11.88 Bn | 89.96% |
| 5 | Shopify | 144.09 Bn | 138.34 Bn | 1.55 Bn | 48.77% |
| 6 | ServiceNow | 110.55 Bn | 105.37 Bn | 2.83 Bn | 75.07% |
| 7 | Cadence Design Systems | 106.32 Bn | 104.91 Bn | 1.26 Bn | 85.65% |
| 8 | Adobe | 97.77 Bn | 90.88 Bn | 5.73 Bn | 89.62% |
| 9 | Automatic Data Processing | 93.39 Bn | 90.16 Bn | 2.87 Bn | 48.28% |
| 10 | Kingsoft Cloud Holdings | - | - | 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% |