1. People's Republic of China Stocks

  2. •

    Technology

  3. •

    Electronic Gaming & Multimedia
NetEase, Inc.

NetEase, Inc.

NETTF
NetEase, Inc.US flagOther OTC
24.26
USD
- -
- -
77.44BMarket Cap
NetEase, Inc.
NETTF
(Other OTC)

Recent

price

24.26

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.71
2.23
2.5
2.83
3.59
6.94
11.63
13.51
15.82
18.4
22.29
26.34
29.57
32.17
32.9
35.35
35.83
Revenue per Share
0.69
0.99
1.11
1.37
1.46
2.05
3.54
3.25
1.9
6.59
3.65
5.07
6.23
9.15
9.28
10.59
10.69
Basic EPS, GAAP
0.79
1.11
1.23
1.54
1.61
2.15
4.37
2.87
2.03
4.31
6.53
6.56
7.68
9.66
11.71
15.28
15.81
Free Cash Flow per Basic Share
- -
- -
- -
0.25
0.61
0.45
0.78
0.99
0.45
2.75
1.29
1.05
2.06
2.49
3.49
4.34
4.2
Dividend per Share
2.66
3.57
4.36
5.7
6.5
8.04
10.77
12.99
13.6
17.51
19.41
23.3
27.91
34.89
40.72
47
- -
Book Value per Share
2.97
3.99
4.75
6.2
7.14
8.8
11.46
13.87
14.12
20.4
25.77
27.69
30.79
37.39
42.2
49.66
51.79
Tangible Book Value per Share
3,225
3,266
3,283
3,248
3,264
3,284
3,282
3,290
3,235
3,220
3,305
3,326
3,263
3,216
3,200
3,186
3,192
Basic Weighted Avg Shares
5,508
7,291
8,201
9,196
11,713
22,803
38,179
44,437
51,179
59,241
73,667
87,606
96,496
103,468
105,295
112,626
114,389
Sales/Revenue/Turnover
46.2
45.58
45.26
47.33
40.68
31.89
33.08
29.24
19.5
23.28
19.74
18.74
20.34
26.78
28.1
31.82
33.26
Operating Margin (%)
232
293
234
158
174
182
328
792
2,060
2,614
3,458
3,276
2,858
3,055
2,418
2,247
2,197
Depreciation Expense
2,236
3,234
3,637
4,444
4,757
6,735
11,605
10,708
6,152
21,238
12,063
16,857
20,338
29,417
29,698
33,760
34,133
Net Income, GAAP
13.37
10.86
16.17
10.66
12.14
15.7
15.13
15.58
22.21
17.79
19.79
19.56
20.75
13.8
15.29
14.77
15.93
Effective Tax Rate (%)
40.59
44.36
44.35
48.32
40.61
29.54
30.4
24.1
12.02
35.85
16.37
19.24
21.08
28.43
28.2
29.98
29.84
Profit Margin (%)
8,799
12,192
14,292
18,565
20,976
22,742
30,207
38,198
33,607
46,862
61,088
62,619
74,774
88,850
103,657
128,247
131,221
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
280
475
2,007
4,328
984
841
232
- -
LT Debt
9,724
13,098
15,601
20,168
23,492
29,324
38,463
47,050
51,412
73,041
93,794
99,424
108,873
128,084
142,494
165,104
169,349
Total Equity
24.97
25.21
21.11
20.82
17.69
20.97
27.89
22.03
12.66
14.1
11.01
10.82
11.7
16.4
16.21
18.3
18.37
Return on Invested Capital (%)
29.93
32.17
28.53
26.41
22.05
25.44
33.48
23.46
10.18
28.22
13
16.79
18.36
22.66
20.56
21.23
225.32
Return on Capital (%)
29.82
31.99
28.02
27.08
23.94
28.27
37.58
27.43
14.19
42.31
20.01
23.8
24.13
28.94
24.49
24.11
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
7,350
6,498
10,955
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
232
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,192
3,192
3,204
Market Capitalization
657,104
670,221
427,334

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
171,210
180,615
188,659
Cash, Cash Equivalents & STI
149,093
162,611
170,904
Accounts Receivable, Net
5,962
5,338
6,493
Inventories
637
689
546
Total Current Liabilities
50,089
52,369
57,437
Payables & Accruals
23,265
19,389
24,670
ST Debt
7,350
6,498
10,955
Deferred Revenue
19,474
26,482
21,812

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
19.35%
12.05%
15.87%
Free Cash Flow
29.61%
18.08%
29.94%
Net Income, GAAP
34.37%
23.93%
13.68%
Sales/Revenue/Turnover
18.41%
9.01%
6.96%
Total Cash Common Dividend
66.38%
31.19%
23.83%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
26,852
25,486
26,210
26,748
105,295
2025
28,829
27,892
28,359
27,547
112,626
2026
30,591
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.38
2.1
2.04
2.76
9.28
2025
3.25
2.7
2.7
1.96
10.59
2026
3.34
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.54
0.7
0.62
0.62
3.49
2025
1.76
0.97
0.81
0.81
4.34
2026
1.61
- -
- -
- -
- -
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Business
NetEase, Inc. delivers a broad spectrum of digital experiences, deeply rooted in interactive content, vibrant communities, seamless communication, and dynamic commerce, primarily serving audiences within the People's Republic of China and extending its reach internationally. The enterprise manages its operations through distinct divisions: Online Game Services, Youdao for intelligent learning, NetEase Cloud Music, and an array of Innovative Businesses and Others. It spearheads the creation and management of popular computer and mobile games, alongside operating titles licensed from renowned international developers. Its Youdao segment offers a suite of educational solutions, including the Youdao Dictionary, a comprehensive digital knowledge tool, and Youdao Translation, tailored for business and leisure travel needs. This segment also encompasses the U-Dictionary translation application, Youdao Kids' Dictionary for younger learners, and various smart devices such as the Youdao Dictionary Pen, Listening Pod, Smart Lamp, Pocket Translator, and Super Dictionary. Furthermore, Youdao provides diverse online courses, engaging interactive learning applications, and specialized enterprise services like the Youdao Smart Learning Terminal, which leverages artificial intelligence for automated homework processing and diagnostic learning in schools, along with Youdao Smart Cloud, a platform granting third-party developers access to advanced optical character recognition and neural machine translation technologies. The company's offerings also include NetEase Cloud Music, a leading online music streaming service distinguished by its active user community, and Yanxuan, a private-label e-commerce platform featuring a curated selection of consumer goods, ranging from electronics and food to apparel and household items. Additional services comprise NetEase Media, its internet news portal; NetEase Mail, a long-standing email service provider; NetEase CC Live streaming, focusing on game broadcasts; and NetEase Pay, a secure payment platform. NetEase, originally established in 1997, maintains its headquarters in Hangzhou, People's Republic of China.