CMCM vs KC
Cheetah Mobile Inc. and Kingsoft Cloud Holdings Ltd., side by side — 8 fiscal years reported in CNY, drawn from SEC filings.
At a glance
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.
Revenue by year
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 |
Net income by year
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 |
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