NETEASE, INC. (NTES)

122.76 +0.06% (+0.07)

Over 5Y: +48.7%

2026-08-28
50 100 150
2021 2022 2023 2024 2025 2026

Financials Annual

FY25 — Revenue: 16.1B FY25 — Operating Cash Flow: 7.3B FY25 — Free Cash Flow: 7.1B FY25 — Net Income: 5B 0 3.5B 7B 10.5B 14B 17.5B
FY25
Revenue Operating Cash Flow Free Cash Flow Net Income

Figures as at 2025-12-31, reported in USD. The newest fact in the filings is dated 2025-12-31, 242 days ago. Nothing on this page is advice.

How it scores

Five questions, each answered by the measures under it. Every figure is the company's own; the bar beside it is where that figure sits among the companies read here — the top fifth, the bottom fifth, or somewhere between. Not among all listed companies, and for a valuation multiple the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

7.4
OE margin 40.9%
Oper. margin 31.8%
ROIC 31.3%
Accruals -7.2%
FCF margin 44.1%
OCF margin 45.1%
ROA 15.7%
ROCE 21.2%
Gross margin 64.3%
OCF / EBIT 1.4×
ROE 21.7%

5 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

0.5
Div. yield —
EV/EBIT —
EV/GP —
EV/OE —
EV/Sales —
FCF yield —
Fwd P/E —
P/B —
P/C —
P/E —
PEG —

0 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

4.7
RPO / sales 0.18×
RPO growth —
Segment HHI —

4 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

9.7
ND/EBITDA —
Debt / Eq 0.0×
Debt payback 0.0 yr
F-score 7.9 pts
Quick ratio 3.4×
Payout 39.7%
Cash / Debt —
Cash runway —

3 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

5.4
Sales/sh Y/Y +12.1%
Div. growth +29.2%
Shares change -0.38%
EBIT CAGR +18.8%
EBIT Y/Y +26.4%
EPS CAGR 4Y +17.4%
EPS Y/Y +20.5%
EPS next Y —
Sales Q/Q —

4 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.