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

NetEase, Inc. (NTES) Return on invested capital

Alert me on Return on invested capital

NetEase, Inc.'s return on invested capital over the twelve months to 30 June 2026 was 605.2%, up 103.8 percentage points from fiscal 2025 (501.4%). Over the past ten years it has ranged from 52.6% (fiscal 2021) to 501.4% (fiscal 2025) — the current reading is the highest in ten years. That is above the Electronic Gaming & Multimedia industry median of 0.00% and above the Communication Services sector median of 0.00%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 501.4% 369.09
FY2024 132.3% 36.82
FY2023 95.5% 19.33
FY2022 76.2% 23.52
FY2021 52.6% (88.12)
FY2020 140.8% (50.60)
FY2019 191.4% 90.73
FY2018 100.6% (88.27)
FY2017 188.9% (136.91)
FY2016 325.8% 203.80

Against its own ten years

Low 52.6% High 501.4%
Ten-year median 132.3%
Current reading's percentile 100

Return on invested capital against peers

Company Return on invested capital
NTES NetEase, Inc. 605.2%
GRVY GRAVITY Co., Ltd. compare 130.5%
DDI DoubleDown Interactive Co., Ltd. Sponsored ADR compare 17.5%
RBLX Roblox Corporation compare 0.00%
GDEV GDEV Inc. compare 0.00%
TTWO Take-Two Interactive Software, Inc. compare −2.35%
PLTK Playtika Holding Corp. compare −2.47%
SOHU Sohu.com Inc. compare −10.7%
FIRY Firy Inc. compare −79.9%
Electronic Gaming & Multimedia industry median 0.00%
Communication Services sector median 0.00%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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