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Side-by-side financial comparison of KE Holdings Inc. (BEKE) and Kenvue (KVUE). Click either name above to swap in a different company.
Kenvue is the larger business by last-quarter revenue ($3.8B vs $3.2B, roughly 1.2× KE Holdings Inc.). Kenvue runs the higher net margin — 8.7% vs 3.2%, a 5.5% gap on every dollar of revenue. Over the past eight quarters, KE Holdings Inc.'s revenue compounded faster (9.8% CAGR vs -1.5%).
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.
Kenvue Inc. is an American consumer health company. Formerly the Consumer Healthcare division of Johnson & Johnson, Kenvue owns well-known brands such as Aveeno, Band-Aid, Benadryl, Combantrin, Zyrtec, Johnson's, Listerine, Lactaid, Mylanta, Neutrogena, Trosyd, Calpol, Tylenol, and Visine. Kenvue is incorporated in Delaware and was originally headquartered in the Skillman section of Montgomery Township, New Jersey, before relocating to Summit, New Jersey.
BEKE vs KVUE — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.2B | $3.8B |
| Net Profit | $104.9M | $330.0M |
| Gross Margin | 21.4% | 56.5% |
| Operating Margin | 2.6% | 14.2% |
| Net Margin | 3.2% | 8.7% |
| Revenue YoY | — | 3.2% |
| Net Profit YoY | — | 12.6% |
| EPS (diluted) | — | $0.16 |
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.
| Q4 25 | $3.2B | $3.8B | ||
| Q3 25 | $3.6B | $3.8B | ||
| Q2 25 | — | $3.8B | ||
| Q1 25 | $3.2B | $3.7B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | $3.2B | $3.9B | ||
| Q2 24 | $3.2B | $4.0B | ||
| Q1 24 | $2.3B | $3.9B |
| Q4 25 | $104.9M | $330.0M | ||
| Q3 25 | $182.4M | $398.0M | ||
| Q2 25 | — | $420.0M | ||
| Q1 25 | $117.9M | $322.0M | ||
| Q4 24 | — | $293.0M | ||
| Q3 24 | $166.5M | $383.0M | ||
| Q2 24 | $261.5M | $58.0M | ||
| Q1 24 | $59.8M | $296.0M |
| Q4 25 | 21.4% | 56.5% | ||
| Q3 25 | 21.9% | 59.1% | ||
| Q2 25 | — | 58.9% | ||
| Q1 25 | 20.7% | 58.0% | ||
| Q4 24 | — | 56.5% | ||
| Q3 24 | 22.7% | 58.5% | ||
| Q2 24 | 27.9% | 59.1% | ||
| Q1 24 | 25.2% | 57.6% |
| Q4 25 | 2.6% | 14.2% | ||
| Q3 25 | 4.1% | 16.7% | ||
| Q2 25 | — | 18.0% | ||
| Q1 25 | 2.5% | 14.9% | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | 3.2% | 16.8% | ||
| Q2 24 | 8.6% | 3.9% | ||
| Q1 24 | 0.1% | 14.1% |
| Q4 25 | 3.2% | 8.7% | ||
| Q3 25 | 5.0% | 10.6% | ||
| Q2 25 | — | 10.9% | ||
| Q1 25 | 3.7% | 8.6% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | 5.2% | 9.8% | ||
| Q2 24 | 8.1% | 1.5% | ||
| Q1 24 | 2.6% | 7.6% |
| Q4 25 | — | $0.16 | ||
| Q3 25 | — | $0.21 | ||
| Q2 25 | — | $0.22 | ||
| Q1 25 | — | $0.17 | ||
| Q4 24 | — | $0.16 | ||
| Q3 24 | — | $0.20 | ||
| Q2 24 | — | $0.03 | ||
| Q1 24 | — | $0.15 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.3B | $1.1B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $10.8B |
| Total Assets | $16.8B | $27.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $1.6B | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | $1.8B | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.3B | $1.0B | ||
| Q1 24 | $2.5B | $1.2B |
| Q4 25 | — | $10.8B | ||
| Q3 25 | $9.6B | $10.6B | ||
| Q2 25 | — | $10.7B | ||
| Q1 25 | $9.5B | $10.1B | ||
| Q4 24 | — | $9.7B | ||
| Q3 24 | $10.1B | $10.6B | ||
| Q2 24 | $9.7B | $10.2B | ||
| Q1 24 | $9.6B | $10.6B |
| Q4 25 | $16.8B | $27.1B | ||
| Q3 25 | $17.3B | $27.2B | ||
| Q2 25 | — | $27.1B | ||
| Q1 25 | $18.0B | $26.3B | ||
| Q4 24 | — | $25.6B | ||
| Q3 24 | $17.5B | $26.9B | ||
| Q2 24 | $16.9B | $26.4B | ||
| Q1 24 | $16.5B | $27.3B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $854.0M |
| Free Cash FlowOCF − Capex | — | $744.0M |
| FCF MarginFCF / Revenue | — | 19.7% |
| Capex IntensityCapex / Revenue | — | 2.9% |
| Cash ConversionOCF / Net Profit | — | 2.59× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.7B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $854.0M | ||
| Q3 25 | — | $294.0M | ||
| Q2 25 | — | $621.0M | ||
| Q1 25 | $-546.4M | $428.0M | ||
| Q4 24 | — | $793.0M | ||
| Q3 24 | $64.0M | $249.0M | ||
| Q2 24 | — | $440.0M | ||
| Q1 24 | — | $287.0M |
| Q4 25 | — | $744.0M | ||
| Q3 25 | — | $196.0M | ||
| Q2 25 | — | $533.0M | ||
| Q1 25 | — | $249.0M | ||
| Q4 24 | — | $661.0M | ||
| Q3 24 | — | $190.0M | ||
| Q2 24 | — | $350.0M | ||
| Q1 24 | — | $134.0M |
| Q4 25 | — | 19.7% | ||
| Q3 25 | — | 5.2% | ||
| Q2 25 | — | 13.9% | ||
| Q1 25 | — | 6.7% | ||
| Q4 24 | — | 18.1% | ||
| Q3 24 | — | 4.9% | ||
| Q2 24 | — | 8.8% | ||
| Q1 24 | — | 3.4% |
| Q4 25 | — | 2.9% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | — | 4.8% | ||
| Q4 24 | — | 3.6% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | — | 3.9% |
| Q4 25 | — | 2.59× | ||
| Q3 25 | — | 0.74× | ||
| Q2 25 | — | 1.48× | ||
| Q1 25 | -4.64× | 1.33× | ||
| Q4 24 | — | 2.71× | ||
| Q3 24 | 0.38× | 0.65× | ||
| Q2 24 | — | 7.59× | ||
| Q1 24 | — | 0.97× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BEKE
| New home transaction services | $932.6M | 29% |
| Existing home transaction services | $841.5M | 26% |
| Home rental services | $804.4M | 25% |
| Home renovation and furnishing | $604.0M | 19% |
| Emerging and other services | $55.6M | 2% |
KVUE
| Self Care | $1.6B | 42% |
| Essential Health | $1.1B | 30% |
| Skin Health And Beauty | $1.0B | 28% |
