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Side-by-side financial comparison of KE Holdings Inc. (BEKE) and Williams-Sonoma, Inc. (WSM). Click either name above to swap in a different company.
KE Holdings Inc. is the larger business by last-quarter revenue ($3.2B vs $1.9B, roughly 1.7× Williams-Sonoma, Inc.). Williams-Sonoma, Inc. runs the higher net margin — 12.8% vs 3.2%, a 9.6% gap on every dollar of revenue. Over the past eight quarters, KE Holdings Inc.'s revenue compounded faster (9.8% CAGR vs -9.1%).
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.
Williams Sonoma is an American retailer of cookware, appliances, and home furnishings. It is owned by Williams-Sonoma, Inc., and was founded by Charles E. (Chuck) Williams in 1956.
BEKE vs WSM — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.2B | $1.9B |
| Net Profit | $104.9M | $241.6M |
| Gross Margin | 21.4% | 46.1% |
| Operating Margin | 2.6% | 17.0% |
| Net Margin | 3.2% | 12.8% |
| Revenue YoY | — | 4.6% |
| Net Profit YoY | — | -3.0% |
| EPS (diluted) | — | $1.96 |
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 | $1.9B | ||
| Q3 25 | $3.6B | $1.8B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | $3.2B | $2.5B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | $3.2B | $1.8B | ||
| Q2 24 | $3.2B | $1.7B | ||
| Q1 24 | $2.3B | $2.3B |
| Q4 25 | $104.9M | $241.6M | ||
| Q3 25 | $182.4M | $247.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | $117.9M | $384.9M | ||
| Q4 24 | — | $249.0M | ||
| Q3 24 | $166.5M | $225.7M | ||
| Q2 24 | $261.5M | $265.7M | ||
| Q1 24 | $59.8M | $354.4M |
| Q4 25 | 21.4% | 46.1% | ||
| Q3 25 | 21.9% | 47.1% | ||
| Q2 25 | — | 44.3% | ||
| Q1 25 | 20.7% | 45.2% | ||
| Q4 24 | — | 46.7% | ||
| Q3 24 | 22.7% | 46.2% | ||
| Q2 24 | 27.9% | 48.3% | ||
| Q1 24 | 25.2% | 46.0% |
| Q4 25 | 2.6% | 17.0% | ||
| Q3 25 | 4.1% | 17.9% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | 2.5% | 20.1% | ||
| Q4 24 | — | 17.8% | ||
| Q3 24 | 3.2% | 16.2% | ||
| Q2 24 | 8.6% | 19.5% | ||
| Q1 24 | 0.1% | 20.1% |
| Q4 25 | 3.2% | 12.8% | ||
| Q3 25 | 5.0% | 13.5% | ||
| Q2 25 | — | 13.4% | ||
| Q1 25 | 3.7% | 15.6% | ||
| Q4 24 | — | 13.8% | ||
| Q3 24 | 5.2% | 12.6% | ||
| Q2 24 | 8.1% | 16.0% | ||
| Q1 24 | 2.6% | 15.6% |
| Q4 25 | — | $1.96 | ||
| Q3 25 | — | $2.00 | ||
| Q2 25 | — | $1.85 | ||
| Q1 25 | — | $1.02 | ||
| Q4 24 | — | $1.96 | ||
| Q3 24 | — | $1.74 | ||
| Q2 24 | — | $4.07 | ||
| Q1 24 | — | $5.42 |
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 | $884.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $2.1B |
| Total Assets | $16.8B | $5.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $884.7M | ||
| Q3 25 | $1.6B | $985.8M | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | $1.8B | $1.2B | ||
| Q4 24 | — | $826.8M | ||
| Q3 24 | $1.4B | $1.3B | ||
| Q2 24 | $1.3B | $1.3B | ||
| Q1 24 | $2.5B | $1.3B |
| Q4 25 | — | $2.1B | ||
| Q3 25 | $9.6B | $2.1B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | $9.5B | $2.1B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | $10.1B | $2.3B | ||
| Q2 24 | $9.7B | $2.2B | ||
| Q1 24 | $9.6B | $2.1B |
| Q4 25 | $16.8B | $5.3B | ||
| Q3 25 | $17.3B | $5.2B | ||
| Q2 25 | — | $5.2B | ||
| Q1 25 | $18.0B | $5.3B | ||
| Q4 24 | — | $5.0B | ||
| Q3 24 | $17.5B | $5.2B | ||
| Q2 24 | $16.9B | $5.2B | ||
| Q1 24 | $16.5B | $5.3B |
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 | — | $316.3M |
| Free Cash FlowOCF − Capex | — | $248.1M |
| FCF MarginFCF / Revenue | — | 13.2% |
| Capex IntensityCapex / Revenue | — | 3.6% |
| Cash ConversionOCF / Net Profit | — | 1.31× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $316.3M | ||
| Q3 25 | — | $282.7M | ||
| Q2 25 | — | $118.9M | ||
| Q1 25 | $-546.4M | $633.5M | ||
| Q4 24 | — | $253.5M | ||
| Q3 24 | $64.0M | $246.5M | ||
| Q2 24 | — | $226.8M | ||
| Q1 24 | — | $674.9M |
| Q4 25 | — | $248.1M | ||
| Q3 25 | — | $230.7M | ||
| Q2 25 | — | $60.7M | ||
| Q1 25 | — | $566.3M | ||
| Q4 24 | — | $170.1M | ||
| Q3 24 | — | $215.1M | ||
| Q2 24 | — | $187.3M | ||
| Q1 24 | — | $621.2M |
| Q4 25 | — | 13.2% | ||
| Q3 25 | — | 12.6% | ||
| Q2 25 | — | 3.5% | ||
| Q1 25 | — | 23.0% | ||
| Q4 24 | — | 9.4% | ||
| Q3 24 | — | 12.0% | ||
| Q2 24 | — | 11.3% | ||
| Q1 24 | — | 27.3% |
| Q4 25 | — | 3.6% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | — | 2.7% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 2.4% |
| Q4 25 | — | 1.31× | ||
| Q3 25 | — | 1.14× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | -4.64× | 1.65× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | 0.38× | 1.09× | ||
| Q2 24 | — | 0.85× | ||
| Q1 24 | — | 1.90× |
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% |
WSM
Segment breakdown not available.
