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NetEase, Inc.

NTES

$132.20 ▲ +1.84 (+1.41%) at close

18 Visible periods

32 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Excellent

Bullish

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Analytical Summary

NetEase, Inc. shows strong fundamentals with top-quartile Return on Common Equity (%) and Profit Margin (%). The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap $421.2B

Dividend Yield —

Revenue Growth 11.6% ↗

Op. Margin 31.8% ↗

ROIC 19.1% ↗

FCF / Share $2.23 ↗

Trailing P/E 87.0x

Price / Book 18.4x

FCF Yield 1.7%

Debt / Equity —

info Valuation on last close. End-of-day price, Aug 7, 2026.

18-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$16.11B

↑ +11.6% —

Net Income Profit after all expenses

$4.98B

↑ +20.0% —

Operating Margin Operating profit as % of sales

31.8%

↑ +13.2% 88th

FCF / Share Free cash flow per share

$2.23

↑ +35.6% —

Long-Term Debt Long-term obligations

$58.63M

↓ -2.7% —

trending_up

Bullish Indicators

Operating Margin (%)Operating Margin (%) is in the top quartile
Profit Margin (%)Profit Margin (%) is in the top quartile
Return on Common Equity (%)Return on Common Equity (%) is in the top quartile

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Profitability ↑

Returns ↑

Financial Health ↑

Cash Quality →

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗	FY 2008 Dec 31, 2008 20-F ↗
Revenue Growth YoY (%)	11.6% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: At sector avg	-1.0% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-108%)	4.2% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-65%)	1.8% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-85%)	21.8% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+81%)	32.7% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+172%)	-12.9% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-207%)	17.5% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+46%)	51.2% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+327%)	—	—	24.6% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+105%)	20.0% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+67%)	13.3% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+11%)	—	—	—	—
EPS Growth YoY (%)	19.7% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	-1.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	43.3% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	12.5% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	42.9% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	-41.1% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	239.3% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-44.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-2.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	59.4% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	33.3% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	4.3% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	27.8% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	12.5% Fair Fair Year-over-year change in earnings per share Optimal: > 10%	60.0% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—	—
Net Income Growth YoY (%)	20.0% Good ↑ Good Improving Year-over-year change in net income	0.2% Caution ↓ Caution Declining Year-over-year change in net income	43.7% Excellent ↑ Excellent Improving Year-over-year change in net income	8.0% Fair ↓ Fair Declining Year-over-year change in net income	41.0% Excellent ↓ Excellent Declining Year-over-year change in net income	-38.6% Weak ↓ Weak Declining Year-over-year change in net income	226.8% Excellent ↑ Excellent Improving Year-over-year change in net income	-43.5% Weak ↓ Weak Declining Year-over-year change in net income	-0.2% Weak ↓ Weak Declining Year-over-year change in net income	60.8% Excellent ↑ Excellent Improving Year-over-year change in net income	35.6% Excellent ↑ Excellent Improving Year-over-year change in net income	4.4% Caution ↓ Caution Declining Year-over-year change in net income	25.7% Excellent ↓ Excellent Declining Year-over-year change in net income	13.6% Fair Fair Year-over-year change in net income	51.7% Excellent Excellent Year-over-year change in net income	—	—	—
FCF Growth YoY (%)	35.6% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	13.7% Fair ↑ Fair Improving Year-over-year change in free cash flow	27.1% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	3.4% Caution ↓ Caution Declining Year-over-year change in free cash flow	-0.4% Weak ↓ Weak Declining Year-over-year change in free cash flow	54.8% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	45.9% Excellent Excellent Year-over-year change in free cash flow	4.3% Caution Caution Year-over-year change in free cash flow	—	—	—	—	—	—	—	—	—	—
Revenue CAGR 3Y (%)	4.8% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	1.6% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	8.9% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	18.0% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	12.1% Good ↓ Good Declining Compound annual revenue growth over 3 years	10.7% Good ↓ Good Declining Compound annual revenue growth over 3 years	15.7% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	—	60.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	50.5% Excellent Excellent Compound annual revenue growth over 3 years	—	19.2% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—	—	—
Revenue CAGR 5Y (%)	7.4% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	11.1% Good ↓ Good Declining Compound annual revenue growth over 5 years	8.3% Good ↓ Good Declining Compound annual revenue growth over 5 years	11.0% Good ↓ Good Declining Compound annual revenue growth over 5 years	20.1% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	—	33.4% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	43.3% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	44.0% Excellent Excellent Compound annual revenue growth over 5 years	35.9% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—	—	—
EPS CAGR 3Y (%)	19.1% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	16.7% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	32.1% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-1.8% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	41.9% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	3.8% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	23.0% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-4.4% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	27.7% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	30.4% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	21.1% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	14.5% Good Good Compound annual EPS growth over 3 years	32.0% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗	FY 2008 Dec 31, 2008 20-F ↗
Operating Margin (%) (%)	31.8% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+59%)	28.1% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+40%)	26.8% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+34%)	20.3% Good → Good Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	18.7% Good → Good Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-6%)	19.7% Good → Good Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	23.3% Good → Good Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+16%)	11.8% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-41%)	22.5% Good ↓ Good Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+12%)	33.1% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+65%)	—	38.2% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+91%)	44.5% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+123%)	44.3% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+121%)	44.5% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+122%)	—	—	—
Effective Tax Rate (%) (%)	14.8% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	15.3% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	13.8% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.7% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	19.6% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	19.8% Good → Good Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	17.8% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	27.6% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	16.6% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	15.1% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	15.7% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	12.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	10.7% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	16.2% Good Good Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—
Profit Margin (%) (%)	30.9% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+106%)	28.7% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+92%)	28.4% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+89%)	20.6% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+37%)	19.4% Good ↓ Good Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+29%)	16.7% Good ↓ Good Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+12%)	36.2% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+141%)	9.6% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-36%)	20.1% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+34%)	30.4% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+103%)	—	38.1% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+154%)	45.5% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+203%)	43.4% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+189%)	43.3% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+189%)	—	—	—
FCF Margin (%) (%)	44.1% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	36.5% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	31.9% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	26.5% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	26.6% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	32.4% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	27.0% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	16.2% Good Good Free cash flow as a percentage of revenue Optimal: > 10%	18.6% Good Good Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—	—	—	—	—	—
FCF / Net Income (x)	1.43x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.27x Good → Good Stable Free cash flow relative to reported net income Optimal: > 1x	1.13x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.29x Good → Good Stable Free cash flow relative to reported net income Optimal: > 1x	1.37x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	1.93x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.75x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	1.68x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	0.93x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	—	—	—	—	—	—	1.14x Fair Fair Free cash flow relative to reported net income Optimal: > 1x	—	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗	FY 2008 Dec 31, 2008 20-F ↗
Return on Invested Capital (%)	19.1% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	18.0% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	19.2% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	14.4% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	13.7% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	14.2% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	18.4% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	12.6% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	22.2% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	28.1% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	21.0% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	17.9% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	19.2% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	19.8% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	20.0% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	20.6% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	16.2% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	15.1% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	14.9% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	11.4% Good → Good Stable Operating profit relative to total assets Optimal: > 10%	10.7% Good → Good Stable Operating profit relative to total assets Optimal: > 10%	10.2% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	12.3% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	9.1% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	17.1% Excellent ↓ Excellent Declining Operating profit relative to total assets Optimal: > 10%	21.8% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	17.7% Excellent → Excellent Stable Operating profit relative to total assets Optimal: > 10%	15.7% Excellent ↓ Excellent Declining Operating profit relative to total assets Optimal: > 10%	17.7% Excellent ↓ Excellent Declining Operating profit relative to total assets Optimal: > 10%	19.3% Excellent ↓ Excellent Declining Operating profit relative to total assets Optimal: > 10%	21.5% Excellent Excellent Operating profit relative to total assets Optimal: > 10%	22.0% Excellent Excellent Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	21.7% Excellent → Excellent Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+17%)	21.8% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+18%)	23.6% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+28%)	18.9% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	17.8% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	15.0% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-19%)	34.9% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+89%)	14.3% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-23%)	23.7% Excellent → Excellent Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+28%)	30.4% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+64%)	23.0% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+25%)	20.3% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+10%)	22.0% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+19%)	23.2% Excellent → Excellent Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+25%)	24.6% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+33%)	23.0% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+24%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗	FY 2008 Dec 31, 2008 20-F ↗
Debt to Equity (x)	—	0.00x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-99%)	0.00x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-99%)	0.03x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-92%)	0.01x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-97%)	—	—	—	—	—	—	—	—	—	—	—	—	—
Interest Coverage (x)	92.36x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	60.42x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	35.53x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	33.36x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	87.50x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	59.09x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	31.97x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	26.16x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	—	—	—	—	—	—	—	—	—	—
Net Debt (USD)	$-6.74B	$-6.98B	$-2.96B	$-3.08B	$-2.07B	$-1.40B	$-466.31M	$-783.83M	$-424.84M	$-783.45M	$-937.28M	$-325.80M	$-240.89M	$-255.34M	$-351.87M	$-194.72M	$-157.77M	—
Debt / EBITDA (x)	—	0.01x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.01x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.16x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.06x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—	—	—	—	—	—	—	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗	FY 2008 Dec 31, 2008 20-F ↗
Revenue per Share (USD)	$5.05	$4.51	$4.53	$4.29	$4.13	$3.42	$2.64	$3.02	$2.53	$1.68	—	$0.62	$0.50	$0.41	$0.36	—	—	—
Basic EPS, GAAP (USD)	$1.52	$1.27	$1.29	$0.90	$0.80	$0.56	$0.95	$0.28	$0.50	$0.51	$0.32	$0.24	$0.23	$0.18	$0.16	$0.10	—	—
Free Cash Flow per Share (USD)	$2.23	$1.64	$1.45	$1.14	$1.10	$1.10	$0.71	$0.49	$0.47	—	—	—	—	—	—	$0.12	—	—
Book Value per Share (USD)	$7.18	$6.00	$5.45	$4.71	$4.57	$3.76	$2.73	$2.06	$2.14	$1.68	$1.37	$1.15	$1.03	$0.78	$0.64	$0.45	—	—
Tangible Book Value per Share (USD)	$7.18	$6.00	$5.45	$4.71	$4.57	$3.76	$2.73	$2.06	$2.14	$1.68	$1.37	$1.15	$1.03	$0.78	$0.64	$0.45	—	—
Basic Weighted Avg Shares (shares)	3.19B	3.20B	3.22B	3.26B	3.33B	3.31B	3.22B	3.24B	3.29B	3.28B	3.28B	3.26B	3.25B	3.28B	3.27B	3.25B	3.23B	3.12B

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗	FY 2008 Dec 31, 2008 20-F ↗
Working Capital (USD)	$18.34B	$14.20B	$12.51B	$10.84B	$9.83B	$9.36B	$6.73B	$4.89B	$5.87B	$4.38B	$3.51B	$3.38B	$3.07B	$2.29B	$1.94B	$1.33B	—	—
LT Debt (USD)	—	$58.63M	$60.28M	$529.92M	$200.10M	—	—	—	—	—	—	—	—	—	—	—	—	—
Total Equity (USD)	$22.92B	$19.00B	$17.51B	$15.18B	$14.96B	$12.59B	$8.83B	$6.58B	$7.03B	$5.50B	$4.51B	$3.77B	$3.34B	$2.52B	$2.09B	$1.48B	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Dec 31, 2013 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗	FY 2008 Dec 31, 2008 20-F ↗
Sales/Revenue/Turnover (USD)	$16.11B	$14.43B	$14.57B	$13.99B	$13.75B	$11.29B	$8.51B	$9.77B	$8.32B	$5.50B	—	$2.01B	$1.61B	$1.35B	$1.19B	—	—	—
Depreciation Expense (USD)	$321.38M	$331.25M	$430.32M	$414.40M	$514.03M	$529.93M	$375.45M	$303.03M	$123.23M	$47.17M	$28.16M	$28.12M	$26.16M	$37.48M	$46.59M	$35.18M	—	—
Net Income, GAAP (USD)	$4.98B	$4.15B	$4.13B	$2.88B	$2.66B	$1.89B	$3.08B	$942.10M	$1.67B	$1.67B	$1.04B	$766.63M	$734.08M	$583.85M	$513.87M	$338.75M	—	—
Operating Cash Flow (USD)	$7.26B	$5.44B	$4.98B	$4.02B	$3.91B	$3.81B	$2.47B	$1.95B	$1.83B	—	—	—	—	—	—	$432.57M	—	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 18 years · 17 quarters

NetEase, Inc.

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