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

Operating cash flow growth 5 yrs

126.73 5.47 +4.51%

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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

NetEase, Inc. (NTES) Price to free cash flow

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As of 5 November 2026, NetEase, Inc. (NTES) trades at a price to free cash flow of 11.1×. Over the past ten years it has ranged from 5.7× (March 2015) to 26.4× (February 2021); the current reading is higher than 42% of that period. That is above the Electronic Gaming & Multimedia industry median of 5.3× and above the Communication Services sector median of 10.2×.

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<iframe src="https://stockrow.com/embed/NTES/price-to-free-cash-flow" width="100%" height="360" style="border:0" loading="lazy" title="NetEase, Inc. price to free cash flow, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/NTES/metrics/price-to-free-cash-flow">NetEase, Inc. (NTES) price to free cash flow — stockrow.com</a></p>

Period	Price to free cash flow	Change
FY2025	12.6×	13.18%
FY2024	11.1×	(18.21%)
FY2023	13.6×	(0.82%)
FY2022	13.7×	(30.46%)
FY2021	19.7×	3.13%
FY2020	19.1×	65.13%
FY2019	11.6×	16.74%
FY2018	9.9×	13.83%
FY2017	8.7×	31.76%
FY2016	6.6×	(29.90%)

Period	Price to free cash flow	Change
Jun 2026	11.2×	14.30%
Mar 2026	9.8×	(22.15%)
Dec 2025	12.6×	(17.06%)
Sep 2025	15.2×	8.13%
42 more quarters	Free account

Against its own ten years

Low 5.7× High 26.4×

Ten-year median 11.9×

Current reading's percentile 42

Company	Price to free cash flow
FIRY Firy Inc. compare	n/m
SOHU Sohu.com Inc. compare	n/m
PLTK Playtika Holding Corp. compare	2.0×
DDI DoubleDown Interactive Co., Ltd. Sponsored ADR compare	4.6×
GRVY GRAVITY Co., Ltd. compare	5.2×
GDEV GDEV Inc. compare	5.3×
NTES NetEase, Inc.	11.1×
RBLX Roblox Corporation compare	22.0×
TTWO Take-Two Interactive Software, Inc. compare	133×
Electronic Gaming & Multimedia industry median	5.3×
Communication Services sector median	10.2×
Market median	14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

NetEase, Inc. (NTES) Price to free cash flow

Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

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Price to free cash flow against peers

What Price to free cash flow is

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