Stocktoria

NetEase, Inc. NTES

Nasdaq · stock · Services-Prepackaged Software · website · IPO 2000-06-30 · LEI

NetEase, Inc. statistics & valuation

Profitability & efficiency

Gross margin (%)
8.20% 9.00% 42.30% 53.30% 52.90% 53.60% 54.70% 60.90% 62.50% 64.30% 2016201720182019202020212022202320242025
Operating margin (%)
4.80% 4.20% 11.80% 23.30% 19.70% 18.70% 20.30% 26.80% 28.10% 31.80% 2016201720182019202020212022202320242025
Return on equity (%)
30.20% 2016201720182019202020212022202320242025
Shares outstanding
3.31B 3.32B 3.25B 3.25B 3.35B 3.37B 3.30B 3.25B 3.23B 3.22B 2016201720182019202020212022202320242025
Net debt ($)
-$2.07B -$3.08B -$2.96B -$6.98B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
20.00% 2016201720182019202020212022202320242025
Free cash flow margin (%)
40.10% 32.80% 146.30% 27.00% 32.40% 26.60% 26.50% 31.90% 36.50% 44.10% 2016201720182019202020212022202320242025
Debt / equity (×)
0.01× 0.03× 0.00× 0.00× 2016201720182019202020212022202320242025
EPS ($)
$0.51 $0.50 $0.27 $0.94 $0.55 $0.79 $0.89 $1.27 $1.26 $1.50 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

NetEase, Inc. trades at about 82.7× earnings — below its 10-year norm (10-year range 68.2×–209.1×, median 99.6×).

68.2× 209.1×

Shaded band = 10-year range (68.2×–209.1×); dot = today's 82.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin64.3%62.5%60.9%54.7%53.6%52.9%53.3%42.3%9.0%8.2%
Operating margin31.8%28.1%26.8%20.3%18.7%19.7%23.3%11.8%4.2%4.8%
Net margin—————————4.4%
FCF margin44.1%36.5%31.9%26.5%26.6%32.4%27.0%146.3%32.8%40.1%
Return on assets—————————20.0%
Return on equity—————————30.2%
Debt / equity—0.00×0.00×0.03×0.01×—————
Current ratio3.453.092.652.322.242.312.231.962.612.56

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.