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Side-by-side financial comparison of Alcoa Corp (AA) and KE Holdings Inc. (BEKE). Click either name above to swap in a different company.

Alcoa Corp is the larger business by last-quarter revenue ($3.4B vs $3.2B, roughly 1.1× KE Holdings Inc.). Alcoa Corp runs the higher net margin — 6.2% vs 3.2%, a 2.9% gap on every dollar of revenue. Over the past eight quarters, Alcoa Corp's revenue compounded faster (15.2% CAGR vs 9.8%).

Alcoa Corporation is an American industrial corporation that produces aluminum. According to industry rankings, it is among the largest producers globally. The company operates in 10 countries and is involved in mining, refining, smelting, fabricating, and recycling aluminum products.

KE Holdings Inc., operating under the well-known Beike brand, is a leading integrated online and offline residential service platform based in China. It offers a full range of services including second-hand property brokerage, new housing sales agency, home rental, renovation, and related financial consultation to meet diverse housing-related demands of consumers across multiple scenarios.

AA vs BEKE — Head-to-Head

Bigger by revenue
AA
AA
1.1× larger
AA
$3.4B
$3.2B
BEKE
Higher net margin
AA
AA
2.9% more per $
AA
6.2%
3.2%
BEKE
Faster 2-yr revenue CAGR
AA
AA
Annualised
AA
15.2%
9.8%
BEKE

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
AA
AA
BEKE
BEKE
Revenue
$3.4B
$3.2B
Net Profit
$213.0M
$104.9M
Gross Margin
21.4%
Operating Margin
2.0%
2.6%
Net Margin
6.2%
3.2%
Revenue YoY
-1.1%
Net Profit YoY
5.4%
EPS (diluted)
$0.80

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AA
AA
BEKE
BEKE
Q4 25
$3.4B
$3.2B
Q3 25
$3.0B
$3.6B
Q2 25
$3.0B
Q1 25
$3.4B
$3.2B
Q4 24
$3.5B
Q3 24
$2.9B
$3.2B
Q2 24
$2.9B
$3.2B
Q1 24
$2.6B
$2.3B
Net Profit
AA
AA
BEKE
BEKE
Q4 25
$213.0M
$104.9M
Q3 25
$232.0M
$182.4M
Q2 25
$164.0M
Q1 25
$548.0M
$117.9M
Q4 24
$202.0M
Q3 24
$90.0M
$166.5M
Q2 24
$20.0M
$261.5M
Q1 24
$-252.0M
$59.8M
Gross Margin
AA
AA
BEKE
BEKE
Q4 25
21.4%
Q3 25
21.9%
Q2 25
Q1 25
20.7%
Q4 24
Q3 24
22.7%
Q2 24
27.9%
Q1 24
25.2%
Operating Margin
AA
AA
BEKE
BEKE
Q4 25
2.0%
2.6%
Q3 25
5.6%
4.1%
Q2 25
5.3%
Q1 25
19.8%
2.5%
Q4 24
9.7%
Q3 24
6.3%
3.2%
Q2 24
3.2%
8.6%
Q1 24
-12.5%
0.1%
Net Margin
AA
AA
BEKE
BEKE
Q4 25
6.2%
3.2%
Q3 25
7.7%
5.0%
Q2 25
5.4%
Q1 25
16.3%
3.7%
Q4 24
5.8%
Q3 24
3.1%
5.2%
Q2 24
0.7%
8.1%
Q1 24
-9.7%
2.6%
EPS (diluted)
AA
AA
BEKE
BEKE
Q4 25
$0.80
Q3 25
$0.88
Q2 25
$0.62
Q1 25
$2.07
Q4 24
$1.18
Q3 24
$0.38
Q2 24
$0.11
Q1 24
$-1.41

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AA
AA
BEKE
BEKE
Cash + ST InvestmentsLiquidity on hand
$1.6B
$1.3B
Total DebtLower is stronger
$2.4B
Stockholders' EquityBook value
$6.1B
Total Assets
$16.1B
$16.8B
Debt / EquityLower = less leverage
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AA
AA
BEKE
BEKE
Q4 25
$1.6B
$1.3B
Q3 25
$1.5B
$1.6B
Q2 25
$1.5B
Q1 25
$1.2B
$1.8B
Q4 24
$1.1B
Q3 24
$1.3B
$1.4B
Q2 24
$1.4B
$1.3B
Q1 24
$1.4B
$2.5B
Total Debt
AA
AA
BEKE
BEKE
Q4 25
$2.4B
Q3 25
$2.6B
Q2 25
$2.6B
Q1 25
$2.6B
Q4 24
$2.5B
Q3 24
$2.5B
Q2 24
$2.5B
Q1 24
$2.5B
Stockholders' Equity
AA
AA
BEKE
BEKE
Q4 25
$6.1B
Q3 25
$6.3B
$9.6B
Q2 25
$6.1B
Q1 25
$5.8B
$9.5B
Q4 24
$5.2B
Q3 24
$5.3B
$10.1B
Q2 24
$3.9B
$9.7B
Q1 24
$4.0B
$9.6B
Total Assets
AA
AA
BEKE
BEKE
Q4 25
$16.1B
$16.8B
Q3 25
$16.0B
$17.3B
Q2 25
$15.0B
Q1 25
$14.6B
$18.0B
Q4 24
$14.1B
Q3 24
$14.5B
$17.5B
Q2 24
$14.3B
$16.9B
Q1 24
$14.3B
$16.5B
Debt / Equity
AA
AA
BEKE
BEKE
Q4 25
0.40×
Q3 25
0.41×
Q2 25
0.42×
Q1 25
0.44×
Q4 24
0.48×
Q3 24
0.47×
Q2 24
0.63×
Q1 24
0.62×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AA
AA
BEKE
BEKE
Operating Cash FlowLast quarter
$537.0M
Free Cash FlowOCF − Capex
$294.0M
FCF MarginFCF / Revenue
8.5%
Capex IntensityCapex / Revenue
7.0%
Cash ConversionOCF / Net Profit
2.52×
TTM Free Cash FlowTrailing 4 quarters
$567.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AA
AA
BEKE
BEKE
Q4 25
$537.0M
Q3 25
$85.0M
Q2 25
$488.0M
Q1 25
$75.0M
$-546.4M
Q4 24
$415.0M
Q3 24
$143.0M
$64.0M
Q2 24
$287.0M
Q1 24
$-223.0M
Free Cash Flow
AA
AA
BEKE
BEKE
Q4 25
$294.0M
Q3 25
$-66.0M
Q2 25
$357.0M
Q1 25
$-18.0M
Q4 24
$246.0M
Q3 24
$-3.0M
Q2 24
$123.0M
Q1 24
$-324.0M
FCF Margin
AA
AA
BEKE
BEKE
Q4 25
8.5%
Q3 25
-2.2%
Q2 25
11.8%
Q1 25
-0.5%
Q4 24
7.1%
Q3 24
-0.1%
Q2 24
4.2%
Q1 24
-12.5%
Capex Intensity
AA
AA
BEKE
BEKE
Q4 25
7.0%
Q3 25
5.0%
Q2 25
4.3%
Q1 25
2.8%
Q4 24
4.8%
Q3 24
5.0%
Q2 24
5.6%
Q1 24
3.9%
Cash Conversion
AA
AA
BEKE
BEKE
Q4 25
2.52×
Q3 25
0.37×
Q2 25
2.98×
Q1 25
0.14×
-4.64×
Q4 24
2.05×
Q3 24
1.59×
0.38×
Q2 24
14.35×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AA
AA

Aluminum$2.5B72%
Third Party Sales$979.0M28%

BEKE
BEKE

New home transaction services$932.6M29%
Existing home transaction services$841.5M26%
Home rental services$804.4M25%
Home renovation and furnishing$604.0M19%
Emerging and other services$55.6M2%

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