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Sea Ltd

$75.64 ▼ -4.58 (-5.71%) at close

12 Visible periods

30 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Good

Bullish

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Analytical Summary

Sea Ltd shows strong fundamentals with top-quartile Return on Common Equity (%). The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap $45.0B

Dividend Yield —

Revenue Growth 36.4% ↗

Op. Margin 8.7% ↗

ROIC 12.5% ↗

FCF / Share $7.58 ↗

Trailing P/E 28.5x

Price / Book 3.6x

FCF Yield 10.0%

Debt / Equity —

info Valuation on last close. End-of-day price, Nov 5, 2026.

12-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$22.94B

↑ +36.4% —

Net Income Profit after all expenses

$1.58B

↑ +255.2% —

Operating Margin Operating profit as % of sales

8.7%

↑ +119.9% 53th

FCF / Share Free cash flow per share

$7.58

↑ +47.3% —

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Bullish Indicators

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? 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 ↗
Revenue Growth YoY (%)	36.4% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+628%)	28.8% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+475%)	4.9% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: At sector avg	25.1% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+401%)	127.5% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+2450%)	101.1% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1923%)	163.1% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+3161%)	99.7% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1893%)	19.8% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+296%)	18.3% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+267%)	—	—
EPS Growth YoY (%)	244.2% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	185.2% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	N/M	22.9% Good Good Year-over-year change in earnings per share Optimal: > 10%	-13.3% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—	—	—
Net Income Growth YoY (%)	255.2% Excellent ↑ Excellent Improving Year-over-year change in net income	194.8% Excellent ↑ Excellent Improving Year-over-year change in net income	N/M	19.3% Good ↑ Good Improving Year-over-year change in net income	-26.5% Weak ↑ Weak Improving Year-over-year change in net income	-10.6% Weak ↑ Weak Improving Year-over-year change in net income	-52.2% Weak ↑ Weak Improving Year-over-year change in net income	-71.5% Weak ↑ Weak Improving Year-over-year change in net income	-151.5% Weak Weak Year-over-year change in net income	-115.6% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	47.3% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	58.7% Excellent Excellent Year-over-year change in free cash flow	N/M	-235.3% Weak Weak Year-over-year change in free cash flow	N/M	—	—	—	—	—	—	—
Revenue CAGR 3Y (%)	22.6% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	19.1% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	44.0% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	78.9% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	129.2% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	119.4% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	84.6% Excellent Excellent Compound annual revenue growth over 3 years	41.5% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	39.3% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	50.5% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	73.7% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	97.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	95.8% Excellent Excellent Compound annual revenue growth over 5 years	71.8% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—

💰 Are margins durable? 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 ↗
Operating Margin (%) (%)	8.7% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-28%)	3.9% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-67%)	1.7% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-86%)	-11.9% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-200%)	-15.9% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-233%)	-29.8% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-348%)	-41.0% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-441%)	-119.6% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1096%)	-121.3% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1111%)	-59.4% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-595%)	-28.4% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-337%)	—
Profit Margin (%) (%)	6.9% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-14%)	2.6% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-67%)	1.2% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-86%)	-13.3% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-266%)	-20.6% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-357%)	-37.0% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-562%)	-67.2% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-941%)	-116.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1553%)	-135.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1792%)	-64.5% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-906%)	-35.4% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-542%)	—
FCF Margin (%) (%)	19.7% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	17.6% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	14.1% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	-15.9% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-5.7% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	5.0% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	-7.8% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-81.3% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-78.9% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—
FCF / Net Income (x)	2.86x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	6.66x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	12.19x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.20x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	0.28x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.14x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.12x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.70x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	0.58x Weak Weak 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 ↗
Return on Invested Capital (%)	12.5% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	6.2% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	2.7% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-20.6% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-16.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-30.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-60.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	322.6% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	-84.6% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	129.1% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	6.8% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	2.9% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	1.2% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-8.7% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-8.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-12.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-17.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-45.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-25.3% Weak Weak Operating profit relative to total assets Optimal: > 10%	-42.3% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	12.6% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-16%)	5.3% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-65%)	2.3% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-85%)	-28.9% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-293%)	-27.7% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-284%)	-47.8% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-419%)	-125.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-939%)	—	-119.5% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-897%)	177.3% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+1082%)	—	—

⚖️ 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 ↗
Debt to Equity (x)	—	—	—	—	—	—	—	-0.01x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-101%)	0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-99%)	-0.01x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-102%)	—	—
Interest Coverage (x)	59.07x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	17.27x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	5.47x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	-32.77x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-11.57x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-8.79x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-18.49x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-31.60x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-18.96x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-8929.96x Weak Weak Operating income divided by interest expense Optimal: > 5x	-2595.62x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$-4.16B	$-2.41B	$-2.81B	$-6.03B	$-9.25B	$-6.17B	$-3.12B	$-1.00B	$-1.35B	$-168.22M	$-116.20M	$-86.00M
Debt / EBITDA (x)	—	—	—	—	—	—	—	-0.00x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.00x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.01x 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 ↗
Revenue per Share (USD)	$38.55	$29.25	$23.06	$22.31	$18.69	$9.17	—	—	—	—	—	—
Basic EPS, GAAP (USD)	$2.65	$0.77	$0.27	$-2.96	$-3.84	$-3.39	—	—	—	—	—	—
Free Cash Flow per Share (USD)	$7.58	$5.15	$3.24	$-3.55	$-1.06	$0.46	—	—	—	—	—	—
Book Value per Share (USD)	$21.05	$14.56	$11.64	$10.24	$13.89	$7.09	—	—	—	$-0.71	—	—
Tangible Book Value per Share (USD)	$20.86	$14.33	$11.35	$9.71	$12.78	$6.55	—	—	—	$-0.88	—	—
Basic Weighted Avg Shares (shares)	595.02M	574.97M	566.61M	558.12M	532.71M	477.26M	—	—	—	—	—	—

🏦 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 ↗
Working Capital (USD)	$8.57B	$5.56B	$3.60B	$5.75B	$7.96B	$4.30B	$2.05B	$524.22M	$1.08B	$46.13M	—	—
LT Debt (USD)	—	—	—	—	—	—	—	$1.03M	—	—	—	—
Total Equity (USD)	$12.53B	$8.37B	$6.59B	$5.72B	$7.40B	$3.38B	$1.16B	$-243.14M	$469.02M	$-125.67M	—	—

📋 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 ↗
Sales/Revenue/Turnover (USD)	$22.94B	$16.82B	$13.06B	$12.45B	$9.96B	$4.38B	$2.18B	$826.97M	$414.19M	$345.67M	$292.12M	—
Depreciation Expense (USD)	$372.17M	$389.67M	$440.85M	$428.34M	$279.03M	$169.07M	$116.78M	$54.90M	$23.35M	$17.96M	$15.11M	—
Net Income, GAAP (USD)	$1.58B	$444.32M	$150.73M	$-1.65B	$-2.05B	$-1.62B	$-1.46B	$-961.24M	$-560.49M	$-222.87M	$-103.37M	—
Operating Cash Flow (USD)	$5.02B	$3.28B	$2.08B	$-1.06B	$208.65M	$555.87M	$69.86M	$-495.22M	$-259.23M	—	—	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 4 days ago 12 years · 12 quarters

Sea Ltd

Analytical Summary

12-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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