KE Holdings
BEKE
16.92
+0.16
+0.95%
KE Holdings
US · BEKE
#950 by market cap
Listed 2020
16.92
+0.16
+0.95%
Live - 5344 symbols - heartbeat 9s ago
· 2026-10-08 08:25
Pre-market
17.10
+1.06%
After-hours
16.92
0.00%
Overnight
17.15
+1.36%
- Market cap
- 19.38B
- P/E (TTM)i
- 27.03
- P/Bi
- 1.98
- EPSi
- 0.39
- Div yieldi
- 1.64%
- 52W posi
- 52%
Reader sentiment
Are you bullish or bearish on BEKE?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 1.40, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +1.20% YoY
Margins
- Gross margin
- 21.37%
- Operating margin
- 2.99%
- Net margin
- 3.17%
Key ratios & quality
- Enterprise valuei
- -16.17B
- Altman Z-Scorei
- 1.40
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 28.65B | 46.01B | 70.48B | 80.75B | 60.67B | 77.78B | 93.46B | 94.58B |
| Gross profit | 6.87B | 11.27B | 16.86B | 15.82B | 13.78B | 21.72B | 22.94B | 20.21B |
| Selling & admin expenses | 7.42B | 11.48B | 11.30B | 13.23B | 11.92B | 14.89B | 16.74B | 15.40B |
| Research & development | 670.92M | 1.57B | 2.48B | 3.19B | 2.55B | 1.94B | 2.28B | 2.58B |
| Operating profit | -882.50M | -1.44B | 3.95B | 451.75M | -16.48M | 5.65B | 4.65B | 2.83B |
| Pretax profit | -499.07M | -1.28B | 4.39B | 1.14B | 292.29M | 7.88B | 6.87B | 4.68B |
| Tax | -71.38M | 904.36M | 1.61B | 1.67B | 1.69B | 1.99B | 2.79B | 1.69B |
| Net profit | -427.68M | -2.18B | 2.78B | -524.77M | -1.40B | 5.89B | 4.08B | 2.99B |
| Basic EPS | -2 | -3 | 1 | 0 | -1 | 5 | 4 | 3 |
| Diluted EPS | -2.01 | -3.41 | 0.96 | -0.45 | -1.17 | 4.89 | 3.45 | 2.58 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 23.33B | 26.01B | 23.05B | 22.19B | 18.89B | 24.54B |
| Gross profit | 4.82B | 5.70B | 4.94B | 4.76B | 4.56B | 7.01B |
| Selling & admin expenses | 3.65B | 3.98B | 3.59B | 4.18B | 2.79B | 3.44B |
| Research & development | 583.61M | 633.44M | 648.28M | 715.23M | 492.57M | 548.71M |
| Operating profit | 590.57M | 1.09B | 692.49M | 457.41M | 1.27B | 3.35B |
| Pretax profit | 1.38B | 1.72B | 1.30B | 279.11M | 1.83B | 3.57B |
| Tax | 527.46M | 411.49M | 550.34M | 196.81M | 576.65M | 949.12M |
| Net profit | 855.32M | 1.31B | 746.75M | 82.30M | 1.26B | 2.62B |
| Basic EPS | 1 | 1 | 1 | 0 | 1 | 2 |
| Diluted EPS | 0.72 | 1.11 | 0.66 | 0.09 | 1.11 | 2.34 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 27.37B | 51.91B | 87.54B | 69.93B | 70.42B | 69.75B | 76.60B | 68.12B |
| Cash & ST investments | 11.64B | 26.16B | 56.66B | 49.85B | 54.90B | 53.89B | 52.76B | 47.35B |
| Inventory | -- | -- | -- | 19.04M | 127.56M | 304.21M | 1.61B | 2.85B |
| Total assets | 38.87B | 67.27B | 104.30B | 100.32B | 109.35B | 120.33B | 133.15B | 116.67B |
| Total current liabilities | 20.57B | 27.80B | 33.63B | 28.94B | 33.34B | 39.52B | 52.74B | 42.41B |
| Short-term debt | 3.06B | 5.23B | 4.14B | 3.21B | 5.59B | 9.66B | 14.02B | 11.36B |
| Long-term debt | 112.90M | 4.90B | 15.00M | -- | -- | -- | -- | 442.17M |
| Total liabilities | 24,007,724,000.00 | 35,729,720,000.00 | 37,503,020,000.00 | 33,263,372,000.00 | 40,292,909,000.00 | 48,130,826,000.00 | 61,701,288,000.00 | 50,138,344,000.00 |
| Total equity | 14.86B | 31.54B | 66.79B | 67.06B | 69.05B | 72.20B | 71.45B | 66.53B |
| Retained earnings | -7.99B | -11.78B | -9.23B | -9.84B | -11.41B | -5.67B | -1.72B | 1.14B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 70.17B | 67.76B | 68.43B | 68.12B | 67.08B | 70.35B |
| Cash & ST investments | 44.65B | 44.98B | 48.99B | 47.35B | 44.99B | 46.97B |
| Inventory | -- | 2.59B | -- | 2.85B | 2.80B | 2.84B |
| Total assets | 130.61B | 123.69B | 119.30B | 116.67B | 112.32B | 112.38B |
| Total current liabilities | 52.76B | 45.72B | 42.61B | 42.41B | 41.05B | 41.28B |
| Short-term debt | 13.76B | 13.16B | 12.68B | 11.36B | 9.75B | 9.26B |
| Long-term debt | -- | 56.63M | 137.93M | 442.17M | 776.31M | 366.25M |
| Total liabilities | 61,661,122,000.00 | 54,851,359,000.00 | 51,355,666,000.00 | 50,138,344,000.00 | 47,885,809,000.00 | 46,800,811,000.00 |
| Total equity | 68.95B | 68.84B | 67.94B | 66.53B | 64.43B | 65.58B |
| Retained earnings | -868.11M | 432.96M | 1.18B | 1.14B | 2.05B | 3.69B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 3.22B | 112.63M | 9.36B | 3.60B | 8.52B | 11.41B | 9.45B | -376.17M |
| Depreciation & amortization | 792.29M | 1.04B | 1.17B | 1.37B | 1.50B | 1.40B | 1.01B | 1.07B |
| Free cash flow | 2.67B | -590.38M | 8.47B | 2.17B | 7.73B | 10.54B | 8.41B | -983.90M |
| Dividends paid | -- | -- | -- | 0 | 0 | -1.43B | -2.83B | -2.88B |
| Stock buybacks / issuance | 0 | -114.33M | 31.63B | 0 | -1.32B | -5.15B | -5.10B | -6.58B |
| Ending cash balance | 12.76B | 31.93B | 49.54B | 26.73B | 25.59B | 25.86B | 20.30B | 15.94B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | -3.97B | 826.21M | 851.13M | 1.91B | -1.47B | 6.61B |
| Depreciation & amortization | -- | -- | -- | -- | -- | -- |
| Free cash flow | -3.97B | 826.21M | 851.13M | 1.30B | -1.47B | 6.37B |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | -- | -- | -- | -- | -- |
| Ending cash balance | 22.92B | 19.23B | 15.97B | 15.94B | 19.98B | 16.43B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -- | -- | 2.49 | -0.78 | -2.04 | 8.34 | 5.67 | -- |
| ROA %i | -6.77 | -4.11 | 0.84 | -0.51 | -1.32 | 5.12 | 3.21 | -- |
| ROIC %i | -- | -- | 1.45 | -1.08 | -2.51 | 5.76 | 3.38 | -- |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- | 2.74 | -- |
| EBIT margin %i | -1.59 | -2.38 | 6.49 | 1.43 | 0.51 | 10.16 | 7.37 | 4.95 |
| FCF / sales %i | 9.33 | -- | 12.02 | 2.68 | 12.64 | 13.22 | 9.00 | -- |
| Current ratioi | 1.33 | 1.87 | 2.60 | 2.42 | 2.11 | 1.76 | 1.45 | 1.61 |
| Quick ratioi | 1.09 | 1.44 | 2.23 | 2.12 | 1.83 | 1.51 | 1.18 | 1.35 |
| Debt / assetsi | 15.33 | 19.40 | 7.66 | 7.49 | 11.15 | 14.95 | 17.01 | 16.09 |
| LT debt / equityi | -- | -- | 5.76 | 6.42 | 9.58 | 11.55 | 12.11 | 11.16 |
| Interest coveragei | -10.46 | -6.04 | 24.27 | 97.22 | 21.18 | 414.10 | 495.21 | 631.51 |
| Revenue CAGR (3Y) %i | -- | -- | 40.33 | 41.26 | 9.65 | 3.34 | 4.99 | 15.95 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | 28.42 | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -6.79 | -- | 7.54 | 57.19 | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 6.51 | 5.60 | 5.02 | -- | 5.10 | 7.03 |
| ROA %i | 3.60 | 3.17 | 2.87 | -- | 2.79 | 4.00 |
| ROIC %i | 4.17 | 3.55 | 3.02 | -- | 3.41 | 5.06 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 7.43 | 6.21 | 6.24 | 4.95 | 5.95 | 7.88 |
| FCF / sales %i | 6.53 | 3.16 | 1.81 | -- | 1.68 | 8.50 |
| Current ratioi | 1.33 | 1.48 | 1.61 | 1.61 | 1.63 | 1.70 |
| Quick ratioi | 1.14 | 1.16 | 1.45 | 1.35 | 1.35 | 1.35 |
| Debt / assetsi | 17.10 | 17.76 | 17.68 | 16.09 | 14.49 | 12.80 |
| LT debt / equityi | 12.46 | 12.83 | 12.41 | 11.16 | 10.13 | 7.83 |
| Interest coveragei | -- | 526.02 | -- | 631.51 | -- | 1,676.69 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Diversified
- Existing home transaction services is the largest reported line at 32.46% of revenue, across 5 reported segments.
- No single line clears half of revenue; New home transaction services is next at 26.93%, spreading the business across more than one real driver.
Revenue breakdown most recent period
Business
Existing home transaction services32.46%
New home transaction services26.93%
Home rental services26.53%
Home renovation and furnishing12.38%
Emerging and other services1.70%
Quote time 2026-10-08 08:25:45 · For reference only, not investment advice and not tailored to your situation.