CMCM vs KC
Cheetah Mobile Inc. and Kingsoft Cloud Holdings Ltd., side by side — 8 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | CMCM | KC |
|---|---|---|
| Revenue | CNY 1.2B | CNY 9.6B |
| Net income | CNY -257.7M | CNY -936.3M |
| Gross margin | 72.5% | 15.7% |
| Net margin | −20.4% | −9.9% |
| Return on equity | −14.7% | −12.9% |
| Diluted EPS | · | −CNY 0.23 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | · | · |
| Equity | CNY 1.6B | CNY 9.3B |
| Net debt / equity | · | 0.04× |
| Current ratio | 1.27× | 1.17× |
| Revenue CAGR 5y | −5.8% | 7.8% |
| Profit CAGR 5y | · | · |
KC bills 8.3× the revenue of CMCM, and both closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
8 years side by side
| Fiscal year | CMCM | KC |
|---|---|---|
| FY2025 | CNY 1.2B | CNY 9.6B |
| FY2024 | CNY 806.9M | CNY 7.8B |
| FY2023 | CNY 669.5M | CNY 7.0B |
| FY2022 | CNY 884.1M | CNY 8.2B |
| FY2021 | CNY 784.6M | CNY 9.1B |
| FY2020 | CNY 1.6B | CNY 6.6B |
| FY2019 | CNY 3.6B | CNY 4.0B |
| FY2018 | CNY 5.0B | CNY 2.2B |
Bottom line
| Fiscal year | CMCM | KC |
|---|---|---|
| FY2025 | CNY -257.7M | CNY -936.3M |
| FY2024 | CNY -617.6M | CNY -2.0B |
| FY2023 | CNY -602.9M | CNY -2.2B |
| FY2022 | CNY -513.5M | CNY -2.7B |
| FY2021 | CNY -351.1M | CNY -1.6B |
| FY2020 | CNY 416.7M | CNY -962.3M |
| FY2019 | CNY -314.0M | CNY -1.1B |
| FY2018 | CNY 1.2B | CNY -1.0B |
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −CNY 8,408,175,000 | KC |
| FY2024 | −CNY 6,978,303,000 | KC |
| FY2023 | −CNY 6,377,958,000 | KC |
| FY2022 | −CNY 7,296,041,000 | KC |
| FY2021 | −CNY 8,276,168,000 | KC |
| FY2020 | −CNY 5,024,662,000 | KC |
| FY2019 | −CNY 368,658,000 | KC |
| FY2018 | +CNY 2,763,533,000 | CMCM |
The higher-revenue side has changed between CMCM and KC over this period. The gap has widened since the earliest year compared.
8 of 14 comparable fiscal years — a year missing data on either side is not counted.
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −10.6 pp | KC |
| FY2024 | −49.1 pp | KC |
| FY2023 | −57.7 pp | KC |
| FY2022 | −26.0 pp | KC |
| FY2021 | −27.4 pp | KC |
| FY2020 | +41.1 pp | CMCM |
| FY2019 | +17.7 pp | CMCM |
| FY2018 | +68.5 pp | CMCM |
The higher net margin has changed hands between CMCM and KC over this period.
8 of 14 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CMCM's net margin has been more volatile than KC's over the 8 comparable fiscal years — 40.3 percentage points of standard deviation against 10.7.
8 of 14 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between CMCM and KC over these 8 fiscal years — CMCM led in 3 and KC in 5.
8 of 14 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
KC's return on equity has been more volatile than CMCM's over the 5 comparable fiscal years — 7.4 percentage points of standard deviation against 6.3.
5 of 13 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between CMCM and KC over these 5 fiscal years — CMCM led in 4 and KC in 1.
5 of 13 comparable fiscal years — a year missing data on either side is not counted.