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Friday 6 November 2026 Export NTES’s income statement to Excel — free account

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

126.73 5.47 +4.51%
Market cap
$80.6B
P/E
16.9×
Fwd P/E
12.5×
Dividend yield
2.31%
F-score
9/9
Altman Z
9.21
Beneish M
−2.86
Dividend safety
69/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

NetEase, Inc. (NTES) EV/Sales

Alert me on EV/Sales

As of 5 November 2026, NetEase, Inc. (NTES) trades at a EV/Sales of 3.3×. Over the past ten years it has ranged from 1.6× (October 2022) to 7.1× (June 2015); the current reading is higher than 36% of that period. That is above the Electronic Gaming & Multimedia industry median of 0.6× and above the Communication Services sector median of 1.4×.

EV/Sales, daily

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Annual newest first

Period EV/Sales Change
FY2025 4.0× 46.92%
FY2024 2.7× (9.33%)
FY2023 3.0× 15.88%
FY2022 2.6× (35.06%)
FY2021 4.0× (12.02%)
FY2020 4.6× 24.76%
FY2019 3.7× 45.93%
FY2018 2.5× (47.02%)
FY2017 4.7× 10.93%
FY2016 4.3× (24.43%)

Quarterly newest first

Period EV/Sales Change
Jun 2026 3.4× 16.42%
Mar 2026 2.9× (28.27%)
Dec 2025 4.0× (18.85%)
Sep 2025 5.0× 12.41%
42 more quarters

Against its own ten years

Low 1.6× High 7.1×
Ten-year median 3.9×
Current reading's percentile 39

EV/Sales against peers

Company EV/Sales
GDEV GDEV Inc. compare 0.1×
GRVY GRAVITY Co., Ltd. compare 0.1×
SOHU Sohu.com Inc. compare 0.1×
DDI DoubleDown Interactive Co., Ltd. Sponsored ADR compare 0.5×
PLTK Playtika Holding Corp. compare 1.0×
FIRY Firy Inc. compare 2.3×
NTES NetEase, Inc. 3.3×
RBLX Roblox Corporation compare 5.5×
TTWO Take-Two Interactive Software, Inc. compare 6.0×
Electronic Gaming & Multimedia industry median 0.6×
Communication Services sector median 1.4×
Market median 2.1×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((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)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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