KC vs RAASY
Kingsoft Cloud Holdings Ltd. and Cloopen Group Holding Ltd., side by side — 8 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | KC | RAASY |
|---|---|---|
| Revenue | CNY 9.6B | CNY 535.7M |
| Net income | CNY -936.3M | CNY -239.3M |
| Gross margin | 15.7% | 27.4% |
| Net margin | −9.9% | −44.6% |
| Return on equity | −12.9% | −25.0% |
| Diluted EPS | −CNY 0.23 | −CNY 0.74 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | · | CNY -231.8M |
| Equity | CNY 9.3B | CNY 841.4M |
| Net debt / equity | 0.04× | · |
| Current ratio | 1.17× | 2.29× |
| Revenue CAGR 5y | 7.8% | −5.8% |
| Profit CAGR 5y | · | · |
KC bills 17.8× the revenue of RAASY, 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 | KC | RAASY |
|---|---|---|
| FY2025 | CNY 9.6B | CNY 535.7M |
| FY2024 | CNY 7.8B | CNY 573.6M |
| FY2023 | CNY 7.0B | CNY 571.0M |
| FY2022 | CNY 8.2B | CNY 593.6M |
| FY2021 | CNY 9.1B | CNY 752.7M |
| FY2020 | CNY 6.6B | CNY 723.5M |
| FY2019 | CNY 4.0B | CNY 592.8M |
| FY2018 | CNY 2.2B | CNY 501.5M |
Bottom line
| Fiscal year | KC | RAASY |
|---|---|---|
| FY2025 | CNY -936.3M | CNY -239.3M |
| FY2024 | CNY -2.0B | CNY -142.8M |
| FY2023 | CNY -2.2B | CNY -409.7M |
| FY2022 | CNY -2.7B | CNY -974.9M |
| FY2021 | CNY -1.6B | CNY -903.9M |
| FY2020 | CNY -962.3M | CNY -425.2M |
| FY2019 | CNY -1.1B | CNY -217.1M |
| FY2018 | CNY -1.0B | CNY -262.3M |
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +CNY 9,022,910,000 | KC |
| FY2024 | +CNY 7,211,614,000 | KC |
| FY2023 | +CNY 6,476,437,000 | KC |
| FY2022 | +CNY 7,586,473,000 | KC |
| FY2021 | +CNY 8,308,096,000 | KC |
| FY2020 | +CNY 5,853,854,000 | KC |
| FY2019 | +CNY 3,363,555,000 | KC |
| FY2018 | +CNY 1,716,683,333 | KC |
KC has reported the higher revenue in every one of these 8 fiscal years. The gap has widened since the earliest year compared.
8 of 8 comparable fiscal years — a year missing data on either side is not counted.
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +34.7 pp | KC |
| FY2024 | +0.2 pp | KC |
| FY2023 | +41.2 pp | KC |
| FY2022 | +131.5 pp | KC |
| FY2021 | +102.6 pp | KC |
| FY2020 | +44.1 pp | KC |
| FY2019 | +11.3 pp | KC |
| FY2018 | −14.4 pp | RAASY |
The higher net margin has changed hands between KC and RAASY over this period.
8 of 8 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
RAASY's net margin has been more volatile than KC's over the 8 comparable fiscal years — 45.6 percentage points of standard deviation against 10.7.
8 of 8 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between KC and RAASY over these 8 fiscal years — KC led in 7 and RAASY in 1.
8 of 8 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
RAASY's return on equity has been more volatile than KC's over the 4 comparable fiscal years — 13.6 percentage points of standard deviation against 7.4.
4 of 5 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 KC and RAASY over these 4 fiscal years — KC led in 3 and RAASY in 1.
4 of 5 comparable fiscal years — a year missing data on either side is not counted.