Kingsoft Cloud Holdings (KCLHF) Operating Margin (2019 - 2025)
Kingsoft Cloud Holdings (KCLHF) reported Operating Margin of 2.41% for Q4 2025, down 46.0% on a YoY basis from 4.46% in Q4 2024, and up 58.95% quarter-over-quarter from 5.86% in Q3 2025.
Kingsoft Cloud Holdings (KCLHF) Operating Margin (2019 - 2025) Analysis & Trends
Kingsoft Cloud Holdings has reported Operating Margin for 7 years, with the latest figure at 2.41% in Q4 2025.
- For the quarter ending Q4 2025, Operating Margin fell 46.0% year-over-year to 2.41%; the trailing twelve-month figure through Dec 2025 stood at 8.03% (up 1465.0% YoY), and the FY2025 full-year result was 2.48%, up 1986.0% from the prior year.
- Operating Margin for Q4 2025 stood at 2.41%, up from 5.86% in the prior quarter.
- The five-year high for Operating Margin was 1.95% in Q4 2024, with the low at 60.66% in Q3 2024.
- Historically, Operating Margin has averaged 21.85% across 5 years, with a median of 19.61% in 2021.
- Annual changes were most pronounced in 2023 — Operating Margin tumbled 2391 bps — and 2025, when it surged 5480 bps.
- Kingsoft Cloud Holdings' Operating Margin stood at 25.22% in 2021, then decreased by 23 bps to 31.08% in 2022, then soared by 36 bps to 19.9% in 2023, then jumped by 90 bps to 1.95% in 2024, then slipped by 23 bps to 2.41% in 2025.
- The last three Operating Margin figures came in at 2.41% (Q4 2025), 5.86% (Q3 2025), and 13.92% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 257.53 Bn | 239.56 Bn | 8.16 Bn | 28.69% |
| 2 | Full Truck Alliance | 171.61 Bn | 169.06 Bn | - | - |
| 3 | Salesforce | 152.15 Bn | 140.31 Bn | 8.56 Bn | 21.08% |
| 4 | Uber Technologies | 144.45 Bn | 143.41 Bn | 11.88 Bn | 14.56% |
| 5 | Shopify | 144.09 Bn | 138.34 Bn | 1.55 Bn | 12.05% |
| 6 | ServiceNow | 110.55 Bn | 105.37 Bn | 2.83 Bn | 13.34% |
| 7 | Cadence Design Systems | 106.32 Bn | 104.91 Bn | 1.26 Bn | 29.26% |
| 8 | Adobe | 97.77 Bn | 90.88 Bn | 5.73 Bn | 37.79% |
| 9 | Automatic Data Processing | 93.39 Bn | 90.16 Bn | 2.87 Bn | -22.99% |
| 10 | Kingsoft Cloud Holdings | - | - | 66.54 Mn | -2.41% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -2.41% |
| Sep 30, 2025 | -5.86% |
| Jun 30, 2025 | -13.92% |
| Mar 31, 2025 | -11.89% |
| Dec 31, 2024 | -1.95% |
| Sep 30, 2024 | -60.66% |
| Jun 30, 2024 | -14.67% |
| Mar 31, 2024 | -15.44% |
| Dec 31, 2023 | -19.90% |
| Sep 30, 2023 | -49.52% |
| Jun 30, 2023 | -19.78% |
| Mar 31, 2023 | -32.07% |
| Dec 31, 2022 | -31.08% |
| Sep 30, 2022 | -25.61% |
| Jun 30, 2022 | -28.95% |
| Mar 31, 2022 | -24.51% |
| Dec 31, 2021 | -25.22% |
| Sep 30, 2021 | -19.43% |
| Jun 30, 2021 | -14.74% |
| Mar 31, 2021 | -19.42% |