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KE Holdings Inc.

BEKE

$18.81 ▲ +0.22 (+1.18%) at close

8 Visible periods

29 Metrics

Peer-ranked Benchmarks

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Fair

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Analytical Summary

KE Holdings Inc. shows mixed fundamentals. Consider comparing against peers in the Real Estate sector before making investment decisions.

Market Cap $62.6B

Dividend Yield —

Revenue Growth 5.6% ↘

Op. Margin 2.2% ↘

ROIC 2.0% ↘

FCF / Share $-0.02 ↘

Trailing P/E 144.7x

Price / Book 6.6x

FCF Yield —

Debt / Equity —

info Valuation on last close. End-of-day price, Nov 5, 2026.

8-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$13.52B

↑ +5.6% —

Net Income Profit after all expenses

$428.13M

↓ -23.1% —

Operating Margin Operating profit as % of sales

2.2%

↓ -44.6% 34th

FCF / Share Free cash flow per share

$-0.02

↓ -104.3% —

Health Breakdown

Profitability

Returns

Financial Health

Cash Quality ↑

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗
Revenue Growth YoY (%)	5.6% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+13%)	16.9% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+238%)	24.5% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+391%)	-30.6% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-712%)	17.3% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+246%)	—	—	—
EPS Growth YoY (%)	-18.8% Weak ↑ Weak Improving Year-over-year change in earnings per share Optimal: > 10%	-33.3% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	-200.0% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	—	—	—
Net Income Growth YoY (%)	-23.1% Weak ↑ Weak Improving Year-over-year change in net income	-32.8% Weak Weak Year-over-year change in net income	N/M	-144.3% Weak Weak Year-over-year change in net income	N/M	—	—	—
FCF Growth YoY (%)	N/M	-14.9% Weak ↓ Weak Declining Year-over-year change in free cash flow	29.8% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	116.2% Excellent Excellent Year-over-year change in free cash flow	-75.3% Weak Weak Year-over-year change in free cash flow	—	—	—
Revenue CAGR 3Y (%)	15.4% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	0.3% Weak Weak Compound annual revenue growth over 3 years	0.5% Weak Weak Compound annual revenue growth over 3 years	—	—	—	—	—
Revenue CAGR 5Y (%)	4.6% Fair Fair Compound annual revenue growth over 5 years	—	—	—	—	—	—	—
EPS CAGR 3Y (%)	—	—	68.7% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗
Operating Margin (%) (%)	2.2% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-93%)	4.0% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-87%)	6.2% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-79%)	-1.4% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-105%)	-1.7% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-106%)	4.0% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-87%)	—	—
Effective Tax Rate (%) (%)	36.0% Weak ↓ Weak Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	40.6% Weak ↓ Weak Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	25.3% Caution ↓ Caution Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	578.0% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	146.0% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	36.7% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—
Profit Margin (%) (%)	3.2% Weak → Weak Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-87%)	4.3% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-83%)	7.6% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-70%)	-2.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-109%)	-0.6% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-103%)	3.9% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-84%)	—	—
FCF Margin (%) (%)	-0.4% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	10.1% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	14.3% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	13.9% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	4.5% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	13.3% Fair Fair Free cash flow as a percentage of revenue Optimal: > 10%	—	—
FCF / Net Income (x)	-0.13x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	2.32x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.90x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-6.10x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-6.86x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	3.37x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗
Return on Invested Capital (%)	2.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	3.1% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	5.0% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	5.8% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	0.9% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	2.7% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	1.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	2.8% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	4.0% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-0.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-1.4% Weak Weak Operating profit relative to total assets Optimal: > 10%	2.7% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	4.5% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-44%)	5.7% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-29%)	8.2% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	-2.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-125%)	-0.8% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-110%)	4.2% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-48%)	—	—

⚖️ Is the balance sheet risky? 2 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗
Interest Coverage (x)	303.98x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	301.99x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	274.43x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	-61.14x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-290.05x Weak Weak Operating income divided by interest expense Optimal: > 5x	14.59x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	—	—
Net Debt (USD)	$-1.11B	$-1.57B	$-2.77B	$-2.81B	$-3.21B	$-6.28B	$-3.73B	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗
Revenue per Share (USD)	$4.07	$3.75	$3.11	$2.46	$3.57	$4.85	—	—
Basic EPS, GAAP (USD)	$0.13	$0.16	$0.24	$-0.06	$-0.02	$0.05	—	—
Free Cash Flow per Share (USD)	$-0.02	$0.38	$0.45	$0.34	$0.16	$0.64	—	—
Book Value per Share (USD)	$2.86	$2.87	$2.88	$2.80	$2.96	$4.60	—	—
Tangible Book Value per Share (USD)	$2.63	$2.64	$2.65	$2.53	$2.83	$4.31	—	—
Basic Weighted Avg Shares (shares)	3.33B	3.41B	3.52B	3.57B	3.55B	2.23B	1.38B	1.36B

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗
Working Capital (USD)	$3.68B	$3.27B	$4.26B	$5.38B	$6.43B	$8.26B	—	—
Total Equity (USD)	$9.50B	$9.77B	$10.16B	$9.99B	$10.51B	$10.23B	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗
Sales/Revenue/Turnover (USD)	$13.52B	$12.80B	$10.95B	$8.80B	$12.67B	$10.80B	—	—
Depreciation Expense (USD)	$133.58M	$101.89M	$109.16M	$133.13M	$138.05M	$84.72M	—	—
Net Income, GAAP (USD)	$428.13M	$556.89M	$828.64M	$-200.96M	$-82.25M	$425.69M	—	—
Operating Cash Flow (USD)	$-53.79M	$1.29B	$1.57B	$1.23B	$564.15M	$1.43B	—	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 4 days ago 8 years · 7 quarters

KE Holdings Inc.

Analytical Summary

8-Year Financial Trajectory

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