Cheetah Mobile vs System1
System1 is the larger business, with $266m of revenue in fiscal 2025 against $160m for Cheetah Mobile (1.7 times as much). Cheetah Mobile grew faster (42.7% against -22.6%). Cheetah Mobile kept more of each dollar of sales as profit: a net margin of -22.4% against -24.6%. Cheetah Mobile carries less debt relative to equity (0.0% against 1001.5%).
| Latest fiscal year | Cheetah MobileCMCM, 2025 | System1SST, 2025 |
|---|---|---|
| Revenue | $160m | $266m |
| Revenue growth | 42.7% | -22.6% |
| Net income | −$35.9m | −$65.3m |
| Operating margin | -15.6% | -23.3% |
| Net margin | -22.4% | -24.6% |
| Return on equity | -14.6% | -118.0% |
| Free cash flow | −$24.0m | −$4.2m |
| Cash | $215m | $86.9m |
| Total debt | $0 | $305m |
| Debt to equity | 0.0% | 1001.5% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $557,000 |
| Employees | — | 250 |
| Market value | $75.4m | $14.2m |
| Price vs our value range | Below our value range | — |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 0 sales | 1 buys, 0 sales |