KE Holdings Inc. Sponsored ADR
BEKE Real Estate Real Estate Services
KE Holdings Inc. Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $13.5 billion, up 5.63% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS grew 125.0%, free cash flow grew 760.5% and total debt rose 608.0%, each against the same quarter a year earlier. Revenue growth for three consecutive years.
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KE Holdings Inc. Sponsored ADR (BEKE) Piotroski F-score
KE Holdings Inc. Sponsored ADR's Piotroski F-score for fiscal 2025 is 4 out of 9: 4 of nine tests of profitability, leverage and efficiency passed, down from 6 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 4 | (2.00) |
| FY2024 | 6 | (2.00) |
| FY2023 | 8 | 5.00 |
| FY2022 | 3 | 1.00 |
| FY2021 | 2 | (5.00) |
| FY2020 | 7 | 1.00 |
| FY2019 | 6 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 2.45% | 3.17% | Pass | 1 |
| Positive operating cash flow | (53.79m) | 1.29b | Fail | 0 |
| Rising return on assets | 2.45% | 3.17% | Fail | 0 |
| Cash flow above net income | (481.93m) | 737.36m | Fail | 0 |
| Falling long-term leverage | 0.00 | 0.00 | Fail | 0 |
| Rising current ratio | 2.95 | 2.76 | Pass | 1 |
| No new shares issued | 1,108,717,000 | 1,136,591,000 | Pass | 1 |
| Rising gross margin | 21.37% | 24.55% | Fail | 0 |
| Rising asset turnover | 0.77 | 0.73 | Pass | 1 |
| Piotroski F-score | Mixed | 4 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| JLL Jones Lang LaSalle Incorporated compare | 9 |
| IHS IHS Holding Limited compare | 8 |
| CIGI Colliers International Group Inc. compare | 7 |
| CBRE CBRE Group, Inc. compare | 6 |
| CSGP CoStar Group, Inc. compare | 5 |
| FSV FirstService Corporation compare | 5 |
| CWK Cushman & Wakefield PLC compare | 5 |
| COMP Compass, Inc. compare | 5 |
| BEKE KE Holdings Inc. Sponsored ADR | 4 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover