Cheetah Mobile Inc.
CMCM NYSE Services-Prepackaged Software Financials FY2016โFY2025
Revenue
Total sales reported in the income statement.
$160M
42.8%
vs prior year
Operating margin
Operating income as a share of revenue.
โ15.6%
38.6ย pts
Net income
Profit after all expenses, interest and tax.
โ$35.9M
Free cash flow
Cash from operations minus capital spending.
โ
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
โ
Market cap
Last close times the latest diluted share count, so it is approximate.
โ
P/E
Last close divided by diluted earnings per share over the last four quarters.
โ
What Cheetah Mobile Inc. does
No business description yet.
- Legal name
- Cheetah Mobile Inc.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F ยท Apr 23, 2026
- Accession ยท CIK
- 0001193125-26-171821
0001597835
Revenue and margins
Cheetah Mobile Inc. had $160M of revenue in fiscal 2025, up 42.8% on the year before.
FY16
Revenue $687M
FY17
Revenue $736M
FY18
Revenue $753M
FY19
Revenue $519M
FY20
Revenue $225M
FY21
Revenue $122M
FY22
Revenue $131M
FY23
Revenue $94.5M
FY24
Revenue $112M
FY25
Revenue $160M
FY16
Gross 66.2%
Operating โ0.3%
Net โ1.8%
FCF 7.0%
FY17
Gross 64.2%
Operating 9.0%
Net 27.1%
FCF 12.2%
FY18
Gross 69.1%
Operating 9.4%
Net 23.4%
FCF โ
FY19
Gross 65.4%
Operating โ31.0%
Net โ8.8%
FCF โ
FY20
Gross 69.4%
Operating โ34.2%
Net 26.8%
FCF โ
FY21
Gross 67.2%
Operating โ29.3%
Net โ44.8%
FCF โ
FY22
Gross 71.4%
Operating โ25.5%
Net โ58.1%
FCF โ
FY23
Gross 65.4%
Operating โ31.3%
Net โ90.1%
FCF โ
FY24
Gross 67.6%
Operating โ54.2%
Net โ76.5%
FCF โ
FY25
Gross 72.5%
Operating โ15.6%
Net โ22.4%
FCF โ
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY16
Net income โ$12.1M
FY17
Net income $199M
FY18
Net income $176M
FY19
Net income โ$45.4M
FY20
Net income $60.4M
FY21
Net income โ$54.4M
FY22
Net income โ$76.3M
FY23
Net income โ$85.1M
FY24
Net income โ$85.8M
FY25
Net income โ$35.9M
FY16
Diluted EPS โ$0.44
FY17
Diluted EPS $6.93
FY18
Diluted EPS $5.93
FY19
Diluted EPS โ$1.82
FY20
Diluted EPS $2.07
FY21
Diluted EPS โ$1.92
FY22
Diluted EPS โ$2.69
FY23
Diluted EPS โ$2.90
FY24
Diluted EPS โ$2.89
FY25
Diluted EPS โ
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY16
Return on capital โ0.7%
Return on equity โ2.8%
Return on assets โ1.5%
FY17
Return on capital โ
Return on equity 36.5%
Return on assets 20.5%
FY18
Return on capital โ
Return on equity 24.2%
Return on assets 15.0%
FY19
Return on capital โ
Return on equity โ6.0%
Return on assets โ4.1%
FY20
Return on capital โ
Return on equity 9.4%
Return on assets 6.5%
FY21
Return on capital โ
Return on equity โ10.0%
Return on assets โ6.6%
FY22
Return on capital โ
Return on equity โ16.0%
Return on assets โ10.0%
FY23
Return on capital โ
Return on equity โ21.7%
Return on assets โ11.1%
FY24
Return on capital โ
Return on equity โ28.3%
Return on assets โ11.1%
FY25
Return on capital โ
Return on equity โ14.6%
Return on assets โ5.0%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was โ in fiscal 2025, โ of revenue. Cash from operations minus capital spending.
FY16
Free cash flow $48.1M
FY17
Free cash flow $89.7M
FY18
Free cash flow โ
FY19
Free cash flow โ
FY20
Free cash flow โ
FY21
Free cash flow โ
FY22
Free cash flow โ
FY23
Free cash flow โ
FY24
Free cash flow โ
FY25
Free cash flow โ
FY16
Cash from operations $59.2M
Capital spending $11.2M
FY17
Cash from operations $92.6M
Capital spending $2.9M
FY18
Cash from operations $52.2M
Capital spending โ
FY19
Cash from operations โ$34.7M
Capital spending โ
FY20
Cash from operations โ$6.7M
Capital spending โ
FY21
Cash from operations $15.9M
Capital spending โ
FY22
Cash from operations โ$63.0M
Capital spending โ
FY23
Cash from operations $77.7M
Capital spending โ
FY24
Cash from operations โ$33.1M
Capital spending โ
FY25
Cash from operations โ$24.0M
Capital spending โ
Cash from operations
Capital spending
Dividends, buybacks and share count
Cheetah Mobile Inc. returned โ to shareholders in fiscal 2025. The diluted share count rose 2.0%.
FY16
Dividends โ
Buybacks $26.9M
FY17
Dividends โ
Buybacks โ
FY18
Dividends โ
Buybacks $33.5M
FY19
Dividends โ
Buybacks $0.0M
FY20
Dividends โ
Buybacks โ
FY21
Dividends โ
Buybacks โ
FY22
Dividends โ
Buybacks โ
FY23
Dividends โ
Buybacks โ
FY24
Dividends โ
Buybacks โ
FY25
Dividends โ
Buybacks โ
Dividends
Buybacks
FY16
Diluted shares 0.03B
FY17
Diluted shares 0.03B
FY18
Diluted shares 0.03B
FY19
Diluted shares 0.03B
FY20
Diluted shares 0.03B
FY21
Diluted shares 0.03B
FY22
Diluted shares 0.03B
FY23
Diluted shares 0.03B
FY24
Diluted shares 0.03B
FY25
Diluted shares 0.03B
Balance sheet
Cash, debt and the ratios that show how comfortably Cheetah Mobile Inc. can carry it.
FY16
Cash $255M
Debt $21.8M
FY17
Cash $571M
Debt โ
FY18
Cash $540M
Debt โ
FY19
Cash $338M
Debt โ
FY20
Cash $254M
Debt โ
FY21
Cash $291M
Debt โ
FY22
Cash $242M
Debt โ
FY23
Cash $284M
Debt โ
FY24
Cash $251M
Debt โ
FY25
Cash $217M
Debt โ
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $291M | $242M | $284M | $251M | $217M |
| Current ratio | 1.9x | 1.8x | 1.3x | 1.2x | 1.3x |
| Quick ratio | 1.9x | 1.7x | 1.3x | 1.2x | 1.2x |
| Total assets | $784M | $745M | $793M | $754M | $669M |
| Total liabilities | $255M | $295M | $418M | $452M | $389M |
| Shareholders' equity | $516M | $440M | $346M | $260M | $230M |
| Net debt (โ = net cash) | โ | โ | โ | โ | โ |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. โPlanโ marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
โ
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8โ9 is strong, 0โ2 weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Cash from operations is positive | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Return on assets rose | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Cash from operations exceeds net income | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Debt fell relative to assets | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Current ratio rose | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Share count didn't rise | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Gross margin rose | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Revenue rose relative to assets | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| F-score | โ / 3 | 4 / 8 | 4 / 8 | 2 / 8 | 3 / 8 | 3 / 8 | 3 / 8 | 2 / 8 | 3 / 8 | 5 / 8 |
| Accruals ratio | โ8.9% | 11.0% | 10.6% | โ1.0% | 7.2% | โ8.6% | โ1.7% | โ21.2% | โ6.8% | โ1.7% |
| Altman Z'' | 2.78 | 5.88 | 7.27 | 4.50 | 3.66 | 3.79 | 2.97 | 1.12 | 0.17 | 0.29 |
10 years of figures
Amounts in USD. Hover a ratioโs name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $687M | $736M | $753M | $519M | $225M | $122M | $131M | $94.5M | $112M | $160M |
| Gross profit | $455M | $473M | $520M | $339M | $156M | $81.7M | $93.8M | $61.8M | $75.8M | $116M |
| Operating income | โ$1.9M | $66.1M | $70.6M | โ$161M | โ$76.9M | โ$35.6M | โ$33.5M | โ$29.6M | โ$60.8M | โ$25.0M |
| Pretax income | โ$10.4M | $212M | $192M | โ$52.9M | $73.6M | โ$52.6M | โ$81.1M | โ$90.0M | โ$77.0M | โ$31.5M |
| Income tax | โ$1.8M | $8.5M | $17.7M | $1.1M | $14.1M | $2.1M | โ$3.7M | โ$6.2M | $6.6M | $1.2M |
| Net income | โ$12.1M | $199M | $176M | โ$45.4M | $60.4M | โ$54.4M | โ$76.3M | โ$85.1M | โ$85.8M | โ$35.9M |
| Net income to common | โ$12.1M | $197M | $171M | โ$49.8M | $58.8M | โ$54.8M | โ$77.6M | โ$85.1M | โ$86.9M | โ |
| Diluted EPS | โ$0.44 | $6.93 | $5.93 | โ$1.82 | $2.07 | โ$1.92 | โ$2.69 | โ$2.90 | โ$2.89 | โ |
| Diluted shares | 0.03B | 0.03B | 0.03B | 0.03B | 0.03B | 0.03B | 0.03B | 0.03B | 0.03B | 0.03B |
| Cash flow | ||||||||||
| Cash from operations | $59.2M | $92.6M | $52.2M | โ$34.7M | โ$6.7M | $15.9M | โ$63.0M | $77.7M | โ$33.1M | โ$24.0M |
| Capital expenditure | $11.2M | $2.9M | โ | โ | โ | โ | โ | โ | โ | โ |
| Free cash flow | $48.1M | $89.7M | โ | โ | โ | โ | โ | โ | โ | โ |
| Depreciation and amortization | $7.0M | $6.7M | $6.1M | $5.4M | $7.6M | $7.1M | $7.3M | $3.9M | $3.1M | $1.6M |
| Stock-based compensation | $46.1M | $10.8M | $12.9M | $18.4M | $11.7M | $1.1M | $1.2M | $4.7M | $3.6M | $2.8M |
| Acquisitions | $55.2M | $11.5M | โ | $4.1M | โ | โ | โ | $33.6M | โ | $4.4M |
| Share buybacks | $26.9M | โ | $33.5M | $0.0M | โ | โ | โ | โ | โ | โ |
| Dividends and buybacks | $26.9M | โ | $33.5M | $0.0M | โ | โ | โ | โ | โ | โ |
| Balance sheet | ||||||||||
| Cash and short-term investments | $255M | $571M | $540M | $338M | $254M | $291M | $242M | $284M | $251M | $217M |
| Total debt | $21.8M | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Current assets | $457M | $829M | $809M | $574M | $451M | $409M | $453M | $488M | $518M | $462M |
| Current liabilities | $298M | $333M | $267M | $251M | $240M | $213M | $258M | $384M | $422M | $364M |
| Inventory | $0.1M | $4.1M | $1.8M | $4.5M | $3.7M | $2.4M | $2.4M | $5.7M | $6.4M | $7.7M |
| Property and equipment, net | $16.9M | $13.7M | $9.3M | $14.9M | $15.6M | $16.0M | $8.5M | $7.6M | $7.1M | $5.7M |
| Goodwill | $136M | $97.5M | $89.8M | โ | โ | โ | โ | $81.2M | $58.1M | $65.7M |
| Intangible assets | $32.7M | $10.8M | $7.0M | $6.4M | $1.9M | $1.6M | $1.2M | $30.8M | $26.1M | $7.7M |
| Total assets | $798M | $1.1B | $1.2B | $1.0B | $859M | $784M | $745M | $793M | $754M | $669M |
| Total liabilities | $337M | $352M | $292M | $290M | $279M | $255M | $295M | $418M | $452M | $389M |
| Shareholders' equity | $434M | $660M | $796M | $709M | $573M | $516M | $440M | $346M | $260M | $230M |
| Margins | ||||||||||
| Gross margin | 66.2% | 64.2% | 69.1% | 65.4% | 69.4% | 67.2% | 71.4% | 65.4% | 67.6% | 72.5% |
| Operating margin | โ0.3% | 9.0% | 9.4% | โ31.0% | โ34.2% | โ29.3% | โ25.5% | โ31.3% | โ54.2% | โ15.6% |
| EBITDA margin | 0.7% | 9.9% | 10.2% | โ29.9% | โ30.8% | โ23.4% | โ20.0% | โ27.2% | โ51.5% | โ14.6% |
| Net margin | โ1.8% | 27.1% | 23.4% | โ8.8% | 26.8% | โ44.8% | โ58.1% | โ90.1% | โ76.5% | โ22.4% |
| FCF margin | 7.0% | 12.2% | โ | โ | โ | โ | โ | โ | โ | โ |
| Returns | ||||||||||
| Return on capital | โ0.7% | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Return on capital employed | โ0.4% | 8.1% | 7.5% | โ21.2% | โ12.4% | โ6.2% | โ6.9% | โ7.2% | โ18.3% | โ8.2% |
| Return on equity | โ2.8% | 36.5% | 24.2% | โ6.0% | 9.4% | โ10.0% | โ16.0% | โ21.7% | โ28.3% | โ14.6% |
| Return on assets | โ1.5% | 20.5% | 15.0% | โ4.1% | 6.5% | โ6.6% | โ10.0% | โ11.1% | โ11.1% | โ5.0% |
| Return on tangible equity | โ4.6% | 35.8% | 24.4% | โ7.1% | 10.3% | โ10.6% | โ17.7% | โ36.4% | โ49.3% | โ23.0% |
| Growth | ||||||||||
| Revenue growth | โ | 7.1% | 2.3% | โ31.0% | โ56.7% | โ45.9% | 7.9% | โ28.0% | 18.6% | 42.8% |
| Net income growth | โ | โ | โ11.6% | โ125.8% | โ | โ190.2% | โ | โ | โ | โ |
| EPS growth | โ | โ | โ14.5% | โ130.7% | โ | โ192.5% | โ | โ | โ | โ |
| FCF growth | โ | 86.6% | โ | โ | โ | โ | โ | โ | โ | โ |
| Share count change | โ | 2.7% | 1.1% | โ5.0% | 3.8% | 0.6% | 1.0% | 2.0% | 2.1% | 2.0% |
| Financial health | ||||||||||
| Net debt / EBITDA | โ45.6x | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Debt / equity | 0.1x | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Current ratio | 1.5x | 2.5x | 3.0x | 2.3x | 1.9x | 1.9x | 1.8x | 1.3x | 1.2x | 1.3x |
| Quick ratio | 1.5x | 2.5x | 3.0x | 2.3x | 1.9x | 1.9x | 1.7x | 1.3x | 1.2x | 1.2x |
| Capital allocation | ||||||||||
| Capex / revenue | 1.6% | 0.4% | โ | โ | โ | โ | โ | โ | โ | โ |
| Stock comp / revenue | 6.7% | 1.5% | 1.7% | 3.6% | 5.2% | 0.9% | 0.9% | 5.0% | 3.2% | 1.7% |
| Payouts / FCF | 56.0% | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Quality scores | ||||||||||
| Piotroski F-score | โ | 4.0 | 4.0 | 2.0 | 3.0 | 3.0 | 3.0 | 2.0 | 3.0 | 5.0 |
| Altman Z'' | 2.8 | 5.9 | 7.3 | 4.5 | 3.7 | 3.8 | 3.0 | 1.1 | 0.2 | 0.3 |
| Accruals ratio | โ8.9% | 11.0% | 10.6% | โ1.0% | 7.2% | โ8.6% | โ1.7% | โ21.2% | โ6.8% | โ1.7% |
Source: SEC EDGAR XBRL filings (CIK 0001597835). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. Filed in CNY under US GAAP and converted to US$: income and cash-flow lines at each period's average exchange rate, balance-sheet lines at the period-end rate. Per-share figures are per US-listed share (1 ADS = 50 ordinary shares). For information only โ not investment advice. Check the original filings before relying on any figure.