NetEase, Inc.
NTES Communication Services Electronic Gaming & Multimedia
NetEase, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $16.1 billion, up 11.6% from fiscal 2024.
- Revenue
- +14.0%
- EPS
- −14.4%
- Free cash flow
- +1.53%
- Total debt
- +18.0%
Quarter to June 2026, against a year earlier
Follow NTES
Alert me
NetEase, Inc. (NTES) EV/FCF
As of 5 November 2026, NetEase, Inc. (NTES) trades at a EV/FCF of 7.7×. Over the past ten years it has ranged from 4.0× (March 2015) to 22.9× (February 2021); the current reading is higher than 33% of that period.
EV/FCF, daily
Embed this chart
Annual newest first
| Period | EV/FCF | Change |
|---|---|---|
| FY2025 | 9.3× | 20.88% |
| FY2024 | 7.7× | (23.53%) |
| FY2023 | 10.1× | 0.41% |
| FY2022 | 10.0× | (37.64%) |
| FY2021 | 16.1× | 3.32% |
| FY2020 | 15.5× | 70.55% |
| FY2019 | 9.1× | 14.44% |
| FY2018 | 8.0× | 6.64% |
| FY2017 | 7.5× | 38.05% |
| FY2016 | 5.4× | (31.19%) |
Quarterly newest first
| Period | EV/FCF | Change |
|---|---|---|
| Jun 2026 | 7.8× | 19.88% |
| Mar 2026 | 6.5× | (29.64%) |
| Dec 2025 | 9.3× | (21.71%) |
| Sep 2025 | 11.9× | 9.31% |
| 42 more quarters | Free account |
Against its own ten years
EV/FCF against peers
| Company | EV/FCF |
|---|---|
| SOHU Sohu.com Inc. compare | −33.0× |
| FIRY Firy Inc. compare | −4.0× |
| GRVY GRAVITY Co., Ltd. compare | 0.4× |
| GDEV GDEV Inc. compare | 1.2× |
| DDI DoubleDown Interactive Co., Ltd. Sponsored ADR compare | 1.3× |
| PLTK Playtika Holding Corp. compare | 6.4× |
| NTES NetEase, Inc. | 7.7× |
| RBLX Roblox Corporation compare | 20.6× |
| TTWO Take-Two Interactive Software, Inc. compare | 135× |
What EV/FCF is
EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))
More on NTES
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement