Quality Investor

Cheetah Mobile Inc.

Rank #388Hypergrowth

CMCM · NYSE · Communication Services

Cheetah Mobile Inc. (CMCM) — Rank #388 by gross profitability (GP/assets 0.18) · ROE -16.0% · Piotroski F-Score N/A.

As-of 2026-09-15 · CIK 0001597835 · all metrics point-in-time as of the filing date.

About

Cheetah Mobile Inc., together with its subsidiaries, provides internet services, artificial intelligence (AI), and other services in the People's Republic of China, Hong Kong, Japan, and internationally.

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The company offers internet products that include Duba Anti-virus applications, such as anti-virus and anti-malware, K+ defense, and membership services; Yuanqi Wallpaper, including desktop beautification, wallpaper management, and wallpaper creation. Its AI and other offerings include delivery and reception robots, Global to B services, and AI-powered business applications. In addition, the company offers Duba.com, a personal start page; artificial intelligence technologies; image viewer; and office optimization software. It serves mobile advertising networks and partners, e-commerce companies, mobile application developers, and mobile game developers, as well as individual customers. The company was formerly known as Kingsoft Internet Software Holdings Limited and changed its name to Cheetah Mobile Inc. in March 2014. Cheetah Mobile Inc.

was incorporated in 2009 and is based in Beijing, the People's Republic of China.

Industry
Internet Content & Information
Sector
Communication Services
State
E9
Filer Category
Non-accelerated filer
Fiscal Year End
December 31
Website
cmcm.com

Price History

CMCM-69.7% · -21.2% CAGRSPY+80.5% · +12.5% CAGR

Company Snapshot

P/S is the primary valuation lens — earnings are reinvested, not available for P/E.

Market Cap

$93.12M

P/E (annual)

P/S (annual)

0.1

P/B

0.1

P/OCF (annual)

Shareholder Yield

-2.0%

Employees

851

Industry

Internet Content & Information

Exchange

NYSE

Signal Flags

1 green1 yellow
Revenue growth acceleratingGrowth rate increasing year over year
Dilution above 2%Annual share count increase exceeds 2%. May be acceptable for high-growth companies funding talent via stock compensation

Quality Profile

Profitability

1/1 pass
GP / assets
0.18
Return on equity
-16.0%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
1.55
Current ratio
1.27×
Net cash
$2.20B

Cash Flow

1/1 pass
Positive FCF
N/A
Cash-backed earnings
N/A
Accruals healthy
PASS
SBC / revenue
1.7%

Growth

1/2 pass
Revenue growth
42.6%
Piotroski F-Score
N/A
Share dilution
2.0%

Terry Smith quality gate

Passes 1/5 Terry Smith thresholds

2 of 5 thresholds not computable from filed data.

Valuation History

Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.

P / S

Price / revenue per share

7.2xFair
3.9xmed 6.8x9.9x

P / B

Price / book value per share

5.2xExpensive
1.2xmed 2.8x5.2x

P / GP

Price / gross profit per share

9.9xFair
5.5xmed 10.0x14.3x

Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.

Profitability

Gross profitability (GP / assets)

0.18

Primary signal (Novy-Marx).

8th pctl of 38 SIC 7372 peers

Return on equity

-16.0%

Gross margin

72.5%

59th pctl of 38 SIC 7372 peers

Revenue growth (YoY)

42.6%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

9.2%

Revenue CAGR (5Y)

-5.8%

Earnings CAGR (3Y)

FCF CAGR (3Y)

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

1.55

0th pctl of 33 SIC 7372 peers (best = lowest)

Current ratio

1.27×

16th pctl of 38 SIC 7372 peers

Quick ratio

0.78×

Net cash

$2.20B

Cash & equivalents minus total debt.

Cash-flow health

Free cash flow

Operating cash flow minus capex.

Positive free cash flow

N/A

FCF / net income

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

N/A

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

1.7%

Stock-based comp intensity.

Piotroski F-Score

F-Score

N/A

Only 8/9 components determinable.

Lifecycle Phase History

20202025
Decline
Startup
Hypergrowth