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BEKE Financials Ke Holdings Inc.

8 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings, in CNY as reported — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 6.1% per year over the past 5 years.
  • Net income has grown slower than revenue (1.5% vs 6.1% per year).
  • Operating margin has contracted, at 2.2% in the latest year.

Financial health

  • The company holds more cash (CN¥7.8B) than total debt (CN¥391M).
  • Total debt has grown faster than revenue (35.5% vs 6.1% per year).
  • Operating income covered interest expense 313× in the latest year, up from 15× 5 years ago.
  • Total debt is 0.2× EBITDA.

Shareholder returns

  • Dividends have been paid for 3 consecutive years, consuming 96.2% of earnings.
  • The dividend has grown 42.2% per year over the past 5 years.
Revenue & net income
-CN¥2B CN¥46B CN¥95B CN¥0 2018 2019 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-5% 12% 28% 0% 2018 2019 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-3% 11% 24% 0% 2018 2019 2020 2021 2022 2023 2024 2025
ROEROA
Free cash flow (CFO − capex)
-CN¥984M CN¥5B CN¥11B CN¥0 2018 2019 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
CN¥0 CN¥20B CN¥41B 2018 2019 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-CN¥25B CN¥261M CN¥25B CN¥0 2018 2019 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 CN¥94.6B CN¥3.0B 21.4% 2.2% 4.5% 2.6% -CN¥984M CN¥391M CN¥7.8B
2024 CN¥93.5B CN¥4.1B 24.6% 4.0% 5.7% 3.1% CN¥8.4B CN¥288M CN¥11.4B
2023 CN¥77.8B CN¥5.9B 27.9% 6.2% 8.2% 4.9% CN¥10.5B — CN¥19.6B
2022 CN¥60.7B -CN¥1.4B 22.7% -1.4% -2.0% -1.3% CN¥7.7B — CN¥19.4B
2021 CN¥80.8B -CN¥524M 19.6% -1.7% -0.8% -0.5% CN¥2.2B — CN¥20.4B
2020 CN¥70.5B CN¥2.8B 23.9% 4.0% 4.2% 2.7% CN¥8.5B — CN¥41.0B
2019 CN¥46.0B -CN¥2.2B 24.5% -3.9% 24.5% -3.2% -CN¥590M — CN¥24.3B
2018 CN¥28.6B -CN¥468M 24.0% -4.3% — — CN¥2.7B — CN¥9.1B

Valuation over time

How the market has priced BEKE against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 72.2 144.5 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 3.5 7.1 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S
Dividend yield (%)
0.0 0.4 0.9 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
Dividend yield %

Frequently asked questions

Is BEKE growing its revenue and profit?

Over the past 5 years, Ke Holdings Inc.'s revenue has grown 6.1% per year, and net income grown 1.5% per year. These are computed facts, not advice.

How much debt does BEKE have?

As of FY2025, Ke Holdings Inc. reported CN¥391M of total debt against CN¥7.8B of cash; operating income covered interest expense 313×.

What is BEKE's profit margin?

In FY2025, gross margin was 21.4%, operating margin 2.2%, and net margin 3.2%.

What is BEKE's P/E ratio?

Ke Holdings Inc.'s P/E (TTM) is 132.47 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the BEKE stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 132.5× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — its annual and interim reports, in CNY as reported (valuation multiples convert at the Federal Reserve H.10 rate of each date, via FRED) (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (annual and interim filings, reported in CNY) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · FX: Federal Reserve H.10 via FRED (DEXCHUS; 1 CNY = 0.1503 USD on 2026-10-30), the rate of each date for the valuation history · This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis. · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.