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Side-by-side financial comparison of KE Holdings Inc. (BEKE) and Linkhome Holdings Inc. (LHAI). Click either name above to swap in a different company.
KE Holdings Inc. is the larger business by last-quarter revenue ($3.2B vs $5.1M, roughly 637.7× Linkhome Holdings Inc.). KE Holdings Inc. runs the higher net margin — 3.2% vs -0.4%, a 3.6% gap on every dollar of revenue.
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.
Linkhome Holdings Inc. is an integrated residential rental and property management service provider primarily operating in the Chinese market. It offers furnished long-term and short-term rental apartments, property maintenance services, tenant support, and complementary value-added services to both property owners and individual renters across major first and second-tier Chinese cities.
BEKE vs LHAI — Head-to-Head
Income Statement — Q3 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $3.2B | $5.1M |
| Net Profit | $104.9M | $-19.9K |
| Gross Margin | 21.4% | 3.8% |
| Operating Margin | 2.6% | -1.4% |
| Net Margin | 3.2% | -0.4% |
| Revenue YoY | — | — |
| Net Profit YoY | — | — |
| EPS (diluted) | — | — |
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 | $5.1M | ||
| Q3 25 | $3.6B | $5.4M | ||
| Q2 25 | — | $4.8M | ||
| Q1 25 | $3.2B | $5.7M | ||
| Q3 24 | $3.2B | $234.9K | ||
| Q2 24 | $3.2B | — | ||
| Q1 24 | $2.3B | — | ||
| Q3 23 | $2.4B | — |
| Q4 25 | $104.9M | $-19.9K | ||
| Q3 25 | $182.4M | $-305 | ||
| Q2 25 | — | $14.4K | ||
| Q1 25 | $117.9M | $80.6K | ||
| Q3 24 | $166.5M | $284.1K | ||
| Q2 24 | $261.5M | — | ||
| Q1 24 | $59.8M | — | ||
| Q3 23 | $160.4M | — |
| Q4 25 | 21.4% | 3.8% | ||
| Q3 25 | 21.9% | 3.8% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | 20.7% | 4.6% | ||
| Q3 24 | 22.7% | — | ||
| Q2 24 | 27.9% | — | ||
| Q1 24 | 25.2% | — | ||
| Q3 23 | 27.4% | — |
| Q4 25 | 2.6% | -1.4% | ||
| Q3 25 | 4.1% | 0.2% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | 2.5% | 2.2% | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 8.6% | — | ||
| Q1 24 | 0.1% | — | ||
| Q3 23 | 5.1% | — |
| Q4 25 | 3.2% | -0.4% | ||
| Q3 25 | 5.0% | -0.0% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | 3.7% | 1.4% | ||
| Q3 24 | 5.2% | 121.0% | ||
| Q2 24 | 8.1% | — | ||
| Q1 24 | 2.6% | — | ||
| Q3 23 | 6.6% | — |
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 | $7.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $7.6M |
| Total Assets | $16.8B | $10.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $7.0M | ||
| Q3 25 | $1.6B | $3.7M | ||
| Q2 25 | — | $2.6M | ||
| Q1 25 | $1.8B | $709.1K | ||
| Q3 24 | $1.4B | $718.1K | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $2.5B | — | ||
| Q3 23 | $2.2B | — |
| Q4 25 | — | $7.6M | ||
| Q3 25 | $9.6B | $7.2M | ||
| Q2 25 | — | $2.5M | ||
| Q1 25 | $9.5B | $2.5M | ||
| Q3 24 | $10.1B | $2.0M | ||
| Q2 24 | $9.7B | — | ||
| Q1 24 | $9.6B | — | ||
| Q3 23 | $9.9B | — |
| Q4 25 | $16.8B | $10.0M | ||
| Q3 25 | $17.3B | $8.6M | ||
| Q2 25 | — | $3.6M | ||
| Q1 25 | $18.0B | $3.4M | ||
| Q3 24 | $17.5B | $2.9M | ||
| Q2 24 | $16.9B | — | ||
| Q1 24 | $16.5B | — | ||
| Q3 23 | $16.2B | — |
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 | — | $2.8M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $2.8M | ||
| Q3 25 | — | $-3.1M | ||
| Q2 25 | — | $1.7M | ||
| Q1 25 | $-546.4M | $-893.8K | ||
| Q3 24 | $64.0M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | $268.2M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $-3.0M | ||
| Q1 25 | — | $-1.8M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -62.0% | ||
| Q1 25 | — | -31.7% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 97.5% | ||
| Q1 25 | — | 16.0% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 118.08× | ||
| Q1 25 | -4.64× | -11.09× | ||
| Q3 24 | 0.38× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q3 23 | 1.67× | — |
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% |
LHAI
Segment breakdown not available.
