Last 27 quarters of trend data · Technology · Software - Application
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
EV/EBITDA has expanded 37.4% YoY to 4.1x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -11.42 | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 43.80 | 0.42 | 0.33 | 0.45 | 0.29 | 0.10 | 0.08 | 0.10 | 0.13 | 0.18 | 0.19 | 0.28 | 0.11 |
| — | +327.5% | +313.6% | +340.3% | +114.8% | -45.7% | -57.8% | -63.4% | +21.4% | +202.2% | +35.7% | +65.3% | -69.5% | |
| P/B Ratio | 4.12 | 0.58 | 0.44 | 0.67 | 0.47 | 0.13 | 0.09 | 0.11 | 0.12 | 0.16 | 0.17 | 0.24 | 0.09 |
| — | +350.0% | +381.3% | +535.6% | +279.5% | -17.8% | -47.7% | -55.5% | +32.1% | +232.1% | +72.0% | +75.1% | -71.7% | |
| P/FCF | — | 0.60 | 0.53 | — | — | 0.79 | 1.01 | — | — | 14.45 | 1.08 | — | 0.16 |
| — | -24.0% | -47.5% | — | — | -94.5% | -5.8% | — | — | — | — | — | — | |
| EV / EBITDA | — | 4.12 | 3.13 | 7.87 | 3.82 | 3.00 | 4.28 | — | — | — | — | — | — |
| — | +37.4% | -26.9% | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | — | 17.66 | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Kingsoft Cloud Holdings Limited's operating margin was -5.9% in Q3 2025, up 8.1 pp QoQ and up 6.0 pp YoY. The trailing four-quarter average of -8.4% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 4.5% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 17.2% | 15.4% | 14.4% | 16.2% | 19.1% | 16.1% | 16.8% | 16.5% | 14.7% | 12.1% | 11.3% | 10.4% | 7.6% |
| — | -4.5% | -14.3% | -2.2% | +29.9% | +33.2% | +49.5% | +58.6% | +93.4% | +94.2% | +229.1% | +183.2% | +624.8% | |
| Operating Margin | -22.3% | -5.9% | -13.9% | -11.9% | -1.9% | -11.9% | -14.7% | -15.4% | -19.9% | -20.7% | -19.8% | -32.1% | -31.1% |
| — | +50.7% | +5.1% | +23.0% | +90.2% | +42.6% | +25.8% | +51.9% | +36.0% | +19.2% | +31.7% | -30.8% | -23.3% | |
| Net Margin | -25.3% | -0.2% | -19.5% | -15.9% | -8.8% | -56.1% | -18.7% | -20.2% | -16.5% | -48.4% | -27.2% | -32.6% | -23.9% |
| — | +99.7% | -4.3% | +21.3% | +46.5% | -15.9% | +31.4% | +37.8% | +30.9% | -20.0% | +35.4% | -27.9% | -32.9% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -30.8% | -0.1% | -7.3% | -5.8% | -3.6% | -16.8% | -5.2% | -5.1% | -3.8% | -10.0% | -6.0% | -6.6% | -4.9% |
| — | +99.6% | -41.3% | -13.9% | +4.5% | -67.8% | +13.5% | +22.9% | +23.3% | -27.7% | +20.2% | -33.8% | -21.9% | |
| ROA | -12.0% | -0.0% | -2.0% | -1.7% | -1.2% | -6.2% | -2.2% | -2.3% | -1.9% | -5.2% | -3.2% | -3.6% | -2.7% |
| — | +99.7% | +7.0% | +27.9% | +38.9% | -19.1% | +30.6% | +35.3% | +30.2% | -19.0% | +24.6% | -33.4% | -18.2% | |
| ROIC | -17.7% | -1.1% | -3.3% | -2.2% | -0.5% | -2.5% | -3.1% | -3.1% | -4.0% | -4.3% | -4.5% | -6.3% | -6.0% |
| — | +55.1% | -4.0% | +27.4% | +88.5% | +41.8% | +30.6% | +51.6% | +33.7% | +0.5% | -3.2% | -46.3% | -11.8% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Kingsoft Cloud Holdings Limited's Debt/EBITDA ratio is 16.2x, down from 21.5x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 40.2% YoY to 0.93x, strengthening the short-term liquidity position.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.94 | 1.24 | 0.80 | 0.87 | 0.94 | 0.44 | 0.25 | 0.22 | 0.24 | 0.14 | 0.14 | 0.15 | 0.14 |
| — | +178.3% | +214.0% | +289.5% | +297.0% | +208.3% | +80.6% | +52.0% | +68.7% | +15.7% | -7.7% | -8.8% | +0.2% | |
| Debt / EBITDA | — | 16.20 | 21.51 | 24.85 | 15.39 | 18.83 | 61.12 | — | — | — | — | — | — |
| — | -14.0% | -64.8% | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 0.75 | 0.93 | 0.96 | 0.73 | 0.75 | 0.67 | 0.84 | 0.89 | 0.89 | 1.17 | 1.25 | 1.33 | 1.36 |
| — | +40.2% | +14.0% | -17.8% | -16.4% | -43.1% | -32.7% | -33.4% | -34.3% | -16.0% | -10.4% | -18.6% | -17.7% | |
| Quick Ratio | 0.75 | 0.93 | 0.96 | 0.73 | 0.75 | 0.67 | 0.84 | 0.89 | 0.89 | 1.17 | 1.25 | 1.33 | 1.36 |
| — | +40.2% | +14.0% | -17.8% | -16.4% | -43.1% | -32.7% | -33.4% | -34.3% | -16.0% | -10.4% | -18.6% | -17.7% | |
| Interest Coverage | -7.46 | -1.06 | -2.62 | -2.83 | -0.70 | -3.90 | -4.67 | -5.37 | -7.29 | -8.24 | -11.98 | -21.41 | -20.90 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 27 years · Updated daily
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorSee our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationCompare performance and metrics against top competitors.
Start ComparisonKingsoft Cloud Holdings Limited's current P/E is -11.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Kingsoft Cloud Holdings Limited's current operating margin is -22.3%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Kingsoft Cloud Holdings Limited's business trajectory between earnings reports.