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

KE Holdings Inc. is the larger business by last-quarter revenue ($3.2B vs $2.3B, roughly 1.4× Celanese Corp). KE Holdings Inc. runs the higher net margin — 3.2% vs 2.1%, a 1.2% gap on every dollar of revenue. Over the past eight quarters, KE Holdings Inc.'s revenue compounded faster (9.8% CAGR vs -6.1%).

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.

Celanese Corporation, formerly known as Hoechst Celanese, is an American technology and specialty materials company headquartered in Irving, Texas. It is a Fortune 500 corporation. The company is the world's leading producer of acetic acid, producing about 1.95 million tonnes per year, representing approximately 20% of global production. Celanese is also the world's largest producer of vinyl acetate monomer (VAM).

BEKE vs CE — Head-to-Head

Bigger by revenue
BEKE
BEKE
1.4× larger
BEKE
$3.2B
$2.3B
CE
Higher net margin
BEKE
BEKE
1.2% more per $
BEKE
3.2%
2.1%
CE
Faster 2-yr revenue CAGR
BEKE
BEKE
Annualised
BEKE
9.8%
-6.1%
CE

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
BEKE
BEKE
CE
CE
Revenue
$3.2B
$2.3B
Net Profit
$104.9M
$48.0M
Gross Margin
21.4%
20.0%
Operating Margin
2.6%
Net Margin
3.2%
2.1%
Revenue YoY
-2.2%
Net Profit YoY
340.0%
EPS (diluted)
$0.41

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
BEKE
BEKE
CE
CE
Q1 26
$2.3B
Q4 25
$3.2B
$2.2B
Q3 25
$3.6B
$2.4B
Q2 25
$2.5B
Q1 25
$3.2B
$2.4B
Q4 24
$2.4B
Q3 24
$3.2B
$2.6B
Q2 24
$3.2B
$2.7B
Net Profit
BEKE
BEKE
CE
CE
Q1 26
$48.0M
Q4 25
$104.9M
$14.0M
Q3 25
$182.4M
$-1.4B
Q2 25
$199.0M
Q1 25
$117.9M
$-21.0M
Q4 24
$-1.9B
Q3 24
$166.5M
$116.0M
Q2 24
$261.5M
$155.0M
Gross Margin
BEKE
BEKE
CE
CE
Q1 26
20.0%
Q4 25
21.4%
19.1%
Q3 25
21.9%
21.5%
Q2 25
21.1%
Q1 25
20.7%
19.9%
Q4 24
22.7%
Q3 24
22.7%
23.5%
Q2 24
27.9%
24.2%
Operating Margin
BEKE
BEKE
CE
CE
Q1 26
Q4 25
2.6%
4.0%
Q3 25
4.1%
-52.7%
Q2 25
9.2%
Q1 25
2.5%
7.0%
Q4 24
-59.3%
Q3 24
3.2%
9.4%
Q2 24
8.6%
9.4%
Net Margin
BEKE
BEKE
CE
CE
Q1 26
2.1%
Q4 25
3.2%
0.6%
Q3 25
5.0%
-56.1%
Q2 25
7.9%
Q1 25
3.7%
-0.9%
Q4 24
-80.8%
Q3 24
5.2%
4.4%
Q2 24
8.1%
5.8%
EPS (diluted)
BEKE
BEKE
CE
CE
Q1 26
$0.41
Q4 25
$0.13
Q3 25
$-12.39
Q2 25
$1.81
Q1 25
$-0.19
Q4 24
$-17.50
Q3 24
$1.06
Q2 24
$1.41

Balance Sheet & Financial Strength

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

Metric
BEKE
BEKE
CE
CE
Cash + ST InvestmentsLiquidity on hand
$1.3B
$1.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.5M
Total Assets
$16.8B
$21.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BEKE
BEKE
CE
CE
Q1 26
$1.8M
Q4 25
$1.3B
Q3 25
$1.6B
Q2 25
Q1 25
$1.8B
Q4 24
Q3 24
$1.4B
Q2 24
$1.3B
Total Debt
BEKE
BEKE
CE
CE
Q1 26
Q4 25
$11.4B
Q3 25
$11.7B
Q2 25
$12.7B
Q1 25
$12.4B
Q4 24
$11.1B
Q3 24
$11.3B
Q2 24
$11.1B
Stockholders' Equity
BEKE
BEKE
CE
CE
Q1 26
$4.5M
Q4 25
$4.0B
Q3 25
$9.6B
$4.0B
Q2 25
$5.3B
Q1 25
$9.5B
$5.2B
Q4 24
$5.2B
Q3 24
$10.1B
$7.3B
Q2 24
$9.7B
$7.2B
Total Assets
BEKE
BEKE
CE
CE
Q1 26
$21.7M
Q4 25
$16.8B
$21.7B
Q3 25
$17.3B
$22.2B
Q2 25
$23.7B
Q1 25
$18.0B
$23.2B
Q4 24
$22.9B
Q3 24
$17.5B
$25.9B
Q2 24
$16.9B
$25.8B
Debt / Equity
BEKE
BEKE
CE
CE
Q1 26
Q4 25
2.81×
Q3 25
2.95×
Q2 25
2.41×
Q1 25
2.39×
Q4 24
2.14×
Q3 24
1.56×
Q2 24
1.54×

Cash Flow & Capital Efficiency

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

Metric
BEKE
BEKE
CE
CE
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$3.0M
FCF MarginFCF / Revenue
0.1%
Capex IntensityCapex / Revenue
2.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$871.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BEKE
BEKE
CE
CE
Q1 26
Q4 25
$252.0M
Q3 25
$447.0M
Q2 25
$410.0M
Q1 25
$-546.4M
$37.0M
Q4 24
$494.0M
Q3 24
$64.0M
$79.0M
Q2 24
$292.0M
Free Cash Flow
BEKE
BEKE
CE
CE
Q1 26
$3.0M
Q4 25
$168.0M
Q3 25
$383.0M
Q2 25
$317.0M
Q1 25
$-65.0M
Q4 24
$389.0M
Q3 24
$-9.0M
Q2 24
$187.0M
FCF Margin
BEKE
BEKE
CE
CE
Q1 26
0.1%
Q4 25
7.6%
Q3 25
15.8%
Q2 25
12.5%
Q1 25
-2.7%
Q4 24
16.4%
Q3 24
-0.3%
Q2 24
7.1%
Capex Intensity
BEKE
BEKE
CE
CE
Q1 26
2.8%
Q4 25
3.8%
Q3 25
2.6%
Q2 25
3.7%
Q1 25
4.3%
Q4 24
4.4%
Q3 24
3.3%
Q2 24
4.0%
Cash Conversion
BEKE
BEKE
CE
CE
Q1 26
Q4 25
18.00×
Q3 25
Q2 25
2.06×
Q1 25
-4.64×
Q4 24
Q3 24
0.38×
0.68×
Q2 24
1.88×

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

CE
CE

Segment breakdown not available.

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