Kingsoft Cloud Holdings Limited (KC) Financial Ratios
8 years of historical data (2018–2025) · Technology · Software - Application
EV/EBITDA
↓
10.49
↑+57% vs avg
5yr avg: 6.66
30Y Low1.6·High11.7
P/FCF
N/A
—
5yr avg: N/A
P/B Ratio
↓
2.00
↑+664% vs avg
5yr avg: 0.26
30Y Low0.1·High0.9
ROE
↑
-12.6%
↓+43% vs avg
5yr avg: -22.1%
30Y Low-48%·High-13%
Debt/EBITDA
↓
3.31
↓-56% vs avg
5yr avg: 7.59
30Y Low3.3·High11.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
KC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Kingsoft Cloud Holdings Limited currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.0B | $2.8B | $2.6B | $901M | $930M | $3.6B | $7.0B | — | — |
| Enterprise Value | $3.0B | $3.2B | $5.1B | $368M | $-1139156490 | $1.0B | $4.2B | — | — |
| P/E Ratio → | -20.62 | — | — | — | — | — | — | — | — |
| P/S Ratio | 2.11 | 0.30 | 0.33 | 0.13 | 0.11 | 0.40 | 1.07 | — | — |
| P/B Ratio | 2.00 | 0.30 | 0.47 | 0.12 | 0.10 | 0.32 | 0.85 | — | — |
| P/FCF | — | — | — | — | — | — | — | — | — |
| P/OCF | 5.30 | 0.74 | 4.09 | — | 4.92 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
KC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Kingsoft Cloud Holdings Limited's enterprise value stands at 10.5x EBITDA, 57% above its 5-year average of 6.7x. The Technology sector median is 16.7x, placing the stock at a 37% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.33 | 0.66 | 0.05 | -0.14 | 0.11 | 0.64 | — | — |
| EV / EBITDA | 10.49 | 1.63 | 11.70 | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — |
KC Profitability
Margins and return-on-capital ratios measuring operating efficiency
Kingsoft Cloud Holdings Limited earns an operating margin of -5.5%. Operating margins have expanded from -19.2% to -5.5% over the past 3 years, signaling improving operational efficiency. A negative ROE of -12.6% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 15.7% | 15.7% | 17.2% | 12.1% | 5.3% | 3.9% | 5.4% | 0.2% | -9.0% |
| Operating Margin | -5.5% | -5.5% | -10.6% | -19.2% | -27.2% | -19.0% | -18.4% | -28.9% | -44.2% |
| Net Profit Margin | -9.8% | -9.8% | -25.3% | -30.9% | -32.5% | -17.5% | -14.6% | -28.1% | -45.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -12.6% | -12.6% | -30.8% | -25.9% | -25.2% | -16.1% | -47.6% | — | — |
| ROA | -4.2% | -4.2% | -12.0% | -13.4% | -13.8% | -9.6% | -10.7% | -18.7% | -17.2% |
| ROIC | -4.5% | -4.5% | -8.4% | -14.3% | -20.4% | -18.1% | -16.7% | — | — |
| ROCE | -4.1% | -4.1% | -9.9% | -14.3% | -18.4% | -15.6% | -19.9% | -28.5% | -22.1% |
KC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Kingsoft Cloud Holdings Limited carries a Debt/EBITDA ratio of 3.3x, which is moderately leveraged (13% above the sector average of 2.9x). Net debt stands at $347M ($6.5B total debt minus $6.1B cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.69 | 0.69 | 0.94 | 0.24 | 0.14 | 0.14 | 0.07 | — | — |
| Debt / EBITDA | 3.31 | 3.31 | 11.88 | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.04 | 0.46 | -0.07 | -0.22 | -0.23 | -0.34 | — | — |
| Net Debt / EBITDA | 0.18 | 0.18 | 5.82 | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -0.93 | -0.93 | -7.52 | -13.83 | -18.01 | -29.67 | -104.94 | -223.40 | -23.75 |
KC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.17x means Kingsoft Cloud Holdings Limited can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 0.89x to 1.17x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.17 | 1.17 | 0.75 | 0.89 | 1.36 | 1.65 | 2.75 | 1.71 | 3.29 |
| Quick Ratio | 1.17 | 1.17 | 0.75 | 0.89 | 1.36 | 1.65 | 2.75 | 1.71 | 3.29 |
| Cash Ratio | 0.65 | 0.65 | 0.30 | 0.33 | 0.70 | 0.89 | 1.77 | 0.93 | 2.59 |
| Asset Turnover | — | 0.36 | 0.44 | 0.47 | 0.47 | 0.43 | 0.55 | 0.66 | 0.38 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 88.41 | 123.28 | 129.92 | 147.07 | 183.06 | 140.95 | 136.47 | 128.54 |
KC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Kingsoft Cloud Holdings Limited does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 22.4% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 22.4% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $274M | $245M | $238M | $243M | $231M | $161M | $60M | $53M |
Peer Comparison
Compare KC with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 KCYou | $3B | -20.6 | 10.5 | — | 15.7% | -5.5% | -12.6% | -4.5% | 3.3 |
 BIDU | $38B | 64.3 | 39.3 | — | 43.9% | -4.5% | 1.9% | -1.2% | 11.6 |
 BABA | $250B | 16.5 | 16.6 | — | 39.8% | 5.8% | 9.4% | 3.8% | 2.4 |
 JD | $38B | 14.5 | 18.6 | 53.2 | 9.3% | 0.2% | 6.5% | 0.8% | 9.3 |
 CAN | $208M | -0.7 | — | — | 7.8% | -21.2% | -59.8% | -24.9% | — |
 AMZN | $2.6T | 34.1 | 18.5 | 341.6 | 50.3% | 11.2% | 22.3% | 14.7% | 1.0 |
 MSFT | $2.8T | 27.8 | 17.8 | 39.4 | 68.8% | 45.6% | 33.3% | 24.9% | 0.7 |
 GOOGL | $4.5T | 34.0 | 29.8 | 60.8 | 59.7% | 32.1% | 35.7% | 25.1% | 0.4 |
 ORCL | $530B | 31.6 | 22.8 | — | 65.2% | 30.8% | 53.4% | 11.0% | 5.4 |
 IBM | $234B | 22.3 | 18.7 | 20.2 | 59.5% | 15.3% | 35.2% | 9.8% | 4.4 |
 NVDA | $5.1T | 43.0 | 38.3 | 52.8 | 71.1% | 60.4% | 101.5% | 81.8% | 0.1 |
| Technology Median | — | 29.0 | 16.7 | 19.2 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 8 years · Updated daily
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
KC — Frequently Asked Questions
Quick answers to the most common questions about buying KC stock.
What is Kingsoft Cloud Holdings Limited's P/E ratio?
Kingsoft Cloud Holdings Limited's current P/E ratio is -20.6x. This places it at the 50th percentile of its historical range.
What is Kingsoft Cloud Holdings Limited's EV/EBITDA?
Kingsoft Cloud Holdings Limited's current EV/EBITDA is 10.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.7x.
What is Kingsoft Cloud Holdings Limited's ROE?
Kingsoft Cloud Holdings Limited's return on equity (ROE) is -12.6%. The historical average is -26.4%.
Is KC stock overvalued?
Based on historical data, Kingsoft Cloud Holdings Limited is trading at a P/E of -20.6x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Kingsoft Cloud Holdings Limited's profit margins?
Kingsoft Cloud Holdings Limited has 15.7% gross margin and -5.5% operating margin.
How much debt does Kingsoft Cloud Holdings Limited have?
Kingsoft Cloud Holdings Limited's Debt/EBITDA ratio is 3.3x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.