NetEase, Inc.
NTES Nasdaq· Services-Prepackaged Software
Last close · Oct 30, 2026
$113.64
KIRA · Stoqly’s AI analyst, in plain words
- NetEase, Inc. had $15.7B of revenue in fiscal 2025, up 7.1% on the year before. Over five years, revenue changed +8.0% a year on average.
- Its operating margin was 31.8%, up 3.7 pts: of every 100 in sales, about 32 is left after running the business.
- NetEase, Inc. made $4.8B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 11.9% a year.
- Free cash flow was $6.9B in fiscal 2025, 44.1% of revenue.
- NetEase, Inc. returned $1.9B to shareholders in fiscal 2025, 28% of free cash flow. The diluted share count fell 0.4%.
Market cap
$73.1B
P/E
15.6x
Revenue
$15.7B
Net income
$4.8B
Free cash flow
$6.9B
Operating margin
31.8%
NetEase, Inc. in 30 seconds · fiscal 2025
Are sales growing?
+7.1%
Yes. Sales grew 7.1% last year.
Does it make a profit?
30.9%
Yes. It keeps 30.9% of every sale as profit.
Does profit turn into cash?
44.1%
Yes. 44.1% of sales ends up as free cash.
How healthy are the accounts?
6 / 8
Mixed. It passes 6 of 8 health tests.
How is the share priced?
15.6x
One share costs 15.6 times its yearly profit per share.
What NetEase, Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Apr 15, 2026
- Legal name
- NetEase, Inc.
- CIK
- 0001110646
NetEase, Inc. · NTES · stoqly.net
Results and finances
The last 5 fiscal years. Amounts in USD. Compiled by stoqly.net.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $13.6B | $14.3B | $14.6B | $14.6B | $15.7B |
| Revenue growth | 27.3% | 5.5% | 1.9% | 0.2% | 7.1% |
| Gross margin | 53.6% | 54.7% | 60.9% | 62.5% | 64.3% |
| Operating margin | 18.7% | 20.3% | 26.8% | 28.1% | 31.8% |
| Net income | $2.6B | $2.9B | $4.1B | $4.2B | $4.8B |
| Net margin | 19.4% | 20.6% | 28.4% | 28.7% | 30.9% |
| Diluted EPS | $3.88 | $4.58 | $6.39 | $6.39 | $7.29 |
| Cash | |||||
| Cash from operations | $3.9B | $4.1B | $5.0B | $5.5B | $7.1B |
| Capital expenditure | $248M | $312M | $325M | $177M | $148M |
| Free cash flow | $3.6B | $3.8B | $4.7B | $5.3B | $6.9B |
| FCF margin | 26.6% | 26.5% | 31.9% | 36.5% | 44.1% |
| Dividends paid | $544M | $999M | $1.1B | $1.6B | $1.9B |
| Share count change | 0.5% | −2.1% | −1.3% | −0.7% | −0.4% |
| Debt and strength | |||||
| Cash and short-term investments | $4.2B | $4.7B | $3.6B | $8.5B | $10.0B |
| Debt incl. finance leases | $201M | $530M | $60.2M | $58.6M | — |
| Shareholders' equity | $15.0B | $15.2B | $17.5B | $19.0B | $22.9B |
| Net debt / EBITDA | −1.3x | −1.3x | −0.8x | −1.9x | — |
| Current ratio | 2.2x | 2.3x | 2.7x | 3.1x | 3.4x |
| Returns and quality | |||||
| Return on capital | 18.6% | 21.0% | 24.2% | 33.0% | — |
| Return on equity | 19.1% | 19.5% | 25.4% | 23.0% | 23.1% |
| Return on tangible equity | 17.5% | 20.3% | 24.1% | 22.0% | 20.8% |
| Piotroski F-score | 6 | 8 | 8 | 7 | 6 |
| Altman Z'' | 6.9 | 7.1 | 8.4 | 9.4 | 10.1 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$1.4M
2 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
NetEase, Inc. · NTES · stoqly.net
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $113.64 a share, the company is worth $73.1B: 15.6 times its earnings of the last four quarters.
Compiled and analysed by stoqly.net from SEC EDGAR XBRL filings (CIK 0001110646). Latest version: stoqly.net/companies/ntes. Data updated November 1, 2026. Filed in CNY under US GAAP and converted to US$: income and cash-flow lines at each period's average exchange rate, balance-sheet lines at the period-end rate. For information only — not investment advice. Check the original filings before relying on any figure.