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NetEase (NTES) Financials

NetEase logo
$123.86 -0.43 (-0.35%)
Closing price 05/28/2025 04:00 PM Eastern
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$126.75 +2.89 (+2.33%)
As of 07:27 AM Eastern
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Annual Income Statements for NetEase

Annual Income Statements for NetEase

This table shows NetEase's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Income / (Loss) Attributable to Common Shareholders		 4,069 4,143 2,949 2,645 1,855 3,076 895 1,643 1,664 1,025 765
Consolidated Net Income / (Loss)		 4,145 4,135 2,877 2,664 1,896 3,077 943 1,665 1,691 1,041 771
Net Income / (Loss) Continuing Operations		 4,145 4,135 2,786 2,664 1,896 1,934 1,254 1,793 1,691 1,041 771
Total Pre-Tax Income 		4,893 4,797 3,516 3,312 2,364 2,352 1,612 2,124 1,992 1,235 878
Total Operating Income		 4,053 3,903 2,846 2,576 2,236 1,980 1,452 1,994 1,811 1,107 766
Total Gross Profit		 9,016 8,882 7,650 7,371 5,996 4,531 3,980 3,843 3,106 2,041 1,359
Total Revenue		 14,425 14,573 13,991 13,747 11,330 8,506 7,449 6,819 5,474 3,472 1,883
Operating Revenue		 14,425 14,573 13,991 13,747 11,330 8,506 7,449 6,819 5,474 3,472 1,883
Total Cost of Revenue		 5,410 5,691 6,340 6,377 5,335 3,975 3,469 2,976 2,368 1,431 524
Operating Cost of Revenue		 5,410 5,691 6,340 6,377 5,335 3,975 3,469 2,976 2,368 1,431 524
Total Operating Expenses		 4,963 4,980 4,804 4,795 3,760 2,551 2,528 1,849 1,296 934 593
Selling, General & Admin Expense		 623 690 681 669 519 449 448 365 216 154 75
Marketing Expense		 1,938 1,968 1,943 1,917 1,646 893 1,006 845 643 450 305
Research & Development Expense		 2,401 2,322 2,180 2,209 1,595 1,208 1,074 639 437 329 213
Total Other Income / (Expense), net		 840 894 662 736 128 372 160 130 182 128 111
Interest & Investment Income		 723 764 312 701 494 188 82 158 106 100 101
Other Income / (Expense), net		 117 130 351 35 -365 185 78 -28 75 27 10
Income Tax Expense		 748 662 730 648 468 418 358 331 301 194 107
Net Income / (Loss) Discontinued Operations		 0.00 0.00 91 0.00 0.00 1,143 -311 -128 - - -
Preferred Stock Dividends Declared		 0.54 0.51 0.43 84 121 39 36 0.00 0.00 - -
Net Income / (Loss) Attributable to Noncontrolling Interest		 76 -13 -72 -66 -80 -11 11 22 27 15 6.28
Basic Earnings per Share		 $1.27 $15.59 $6.23 $30.41 $21.90 $6.59 $11.41 $12.98 $3.54 $2.05 $1.46
Weighted Average Basic Shares Outstanding		 3.20B 3.86B 3.26B 3.99B 3.97B 3.22B 3.88B 3.42B 3.41B 3.42B 3.40B
Diluted Earnings per Share		 $1.26 $15.42 $6.17 $5.01 $3.60 $6.53 $11.34 $0.50 $3.51 $2.04 $1.45
Weighted Average Diluted Shares Outstanding		 3.23B 3.90B 3.30B 4.04B 4.02B 3.25B 3.91B 3.45B 3.44B 3.44B 3.41B
Weighted Average Basic & Diluted Shares Outstanding		 3.17B 3.21B 3.22B 3.27B 3.35B 3.23B 3.20B 3.28B 3.28B 3.29B 3.27B

Quarterly Income Statements for NetEase

No quarterly income statements for NetEase are available.

Annual Cash Flow Statements for NetEase

This table details how cash moves in and out of NetEase's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Change in Cash & Equivalents		 4,147 -476 1,481 817 888 -547 221 -350 216 617 91
Net Cash From Operating Activities		 5,436 4,976 4,017 3,912 3,828 2,472 1,953 1,824 2,221 1,230 944
Net Cash From Continuing Operating Activities		 0.00 0.00 0.00 0.00 3,828 2,428 2,134 2,281 2,221 1,230 944
Net Income / (Loss) Continuing Operations		 4,145 4,135 2,786 2,664 1,896 1,934 1,254 1,793 1,691 1,041 771
Consolidated Net Income / (Loss)		 4,145 4,135 2,877 2,664 1,896 3,077 943 1,665 1,691 1,041 771
Net Income / (Loss) Discontinued Operations		 0.00 0.00 91 0.00 - 1,143 -311 -128 - - -
Depreciation Expense		 331 430 414 514 532 375 300 121 47 28 28
Non-Cash Adjustments To Reconcile Net Income		 415 340 239 169 652 149 347 332 95 80 61
Changes in Operating Assets and Liabilities, net		 544 71 578 564 747 -30 233 35 388 81 84
Net Cash From Investing Activities		 2,455 -2,401 -1,069 -1,111 -4,490 -3,178 -1,975 -1,973 -1,701 -386 -727
Net Cash From Continuing Investing Activities		 2,455 -2,401 -1,069 -1,111 -4,490 -3,059 -2,183 -2,448 -1,701 -386 -727
Purchase of Property, Plant & Equipment		 -175 -324 -305 -251 -162 -174 -316 -254 -163 -132 -86
Acquisitions		 -279 -677 -822 -1,263 -714 -529 -694 -158 -53 -0.05 -
Purchase of Investments		 -1,128 0.00 -863 -2,399 -3,061 -3,212 -1,949 -1,917 -1,784 -1,074 -407
Sale of Property, Plant & Equipment		 1.99 1.45 6.01 11 2.70 8.70 0.97 0.68 0.30 0.20 0.24
Sale and/or Maturity of Investments		 25,296 16,200 14,962 15,416 13,435 10,565 7,543 5,700 3,234 3,875 3,404
Other Investing Activities, net		 -21,262 -17,622 -14,397 -12,800 -14,101 -11,073 -6,494 -5,369 -2,971 -3,056 -3,637
Net Cash From Financing Activities		 -3,745 -3,024 -1,484 -1,975 1,525 155 231 -200 -323 -249 -125
Net Cash From Continuing Financing Activities		 -3,745 -3,024 -1,484 -1,975 1,525 155 231 -200 -323 -249 -125
Repayment of Debt		 -2,931 -3,081 -224 -430 447 -43 -2.73 0.00 0.00 -874 -157
Repurchase of Common Equity		 -1,210 -737 -1,207 -2,026 -1,839 0.00 -114 0.00 -172 -20 0.00
Payment of Dividends		 -1,530 -1,129 -975 -665 -658 -1,269 -238 -500 -365 -223 -319
Issuance of Debt		 1,907 1,911 927 698 175 469 907 476 214 887 329
Other Financing Activities, net		 19 0.00 0.00 -2.17 3,370 1.53 -1,094 -316 - - 0.47
Effect of Exchange Rate Changes		 1.47 -29 16 -8.69 25 4.18 12 -1.96 19 22 -1.81
Cash Interest Paid		 67 110 85 29 38 62 44 13 4.47 - -
Cash Income Taxes Paid		 711 690 738 557 315 459 292 415 157 171 89

Quarterly Cash Flow Statements for NetEase

No quarterly cash flow statements for NetEase are available.

Annual Balance Sheets for NetEase

This table presents NetEase's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Total Assets		 26,851 26,187 25,048 24,110 21,821 16,098 12,658 10,899 8,321 6,266 4,881
Total Current Assets		 21,005 20,098 19,081 17,751 16,585 12,219 10,002 9,506 7,081 5,239 4,459
Cash & Equivalents		 7,039 3,018 3,609 2,275 1,402 466 724 424 780 924 325
Restricted Cash		 423 391 391 451 469 452 683 909 498 334 423
Short-Term Investments		 1,474 625 1,105 1,927 2,041 2,199 1,699 1,495 1,661 763 331
Accounts Receivable		 777 905 725 864 704 599 583 555 610 398 140
Inventories, net		 78 98 144 151 91 93 155 840 226 125 4.54
Prepaid Expenses		 879 856 790 979 935 692 571 586 530 410 229
Plant, Property, & Equipment, net		 1,167 1,137 920 853 700 664 680 578 347 319 206
Total Noncurrent Assets		 15,014 19,157 17,364 5,506 4,536 3,216 1,977 815 893 709 216
Long-Term Investments		 2,768 3,068 2,689 2,951 1,801 1,334 763 412 282 451 61
Noncurrent Deferred & Refundable Income Taxes		 153 220 215 204 167 130 155 126 80 3.76 3.40
Other Noncurrent Operating Assets		 12,093 15,869 14,461 2,352 2,567 1,751 917 277 530 254 152
Total Liabilities & Shareholders' Equity		 26,851 26,187 25,048 24,110 21,821 16,098 12,658 10,899 8,321 6,266 4,881
Total Liabilities		 7,329 8,147 9,263 8,508 7,395 5,611 5,175 3,680 2,806 1,802 1,104
Total Current Liabilities		 6,804 7,584 8,239 7,925 7,189 5,491 5,110 3,644 2,750 1,776 1,086
Short-Term Debt		 1,641 2,710 3,462 3,089 3,051 2,444 1,988 1,016 547 346 330
Accounts Payable		 99 124 219 155 174 174 175 375 200 107 66
Accrued Expenses		 1,949 1,785 1,613 1,416 1,078 760 729 720 462 338 218
Current Deferred Revenue		 2,096 - - 1,904 1,599 1,235 1,123 957 1,080 708 316
Current Deferred & Payable Income Tax Liabilities		 378 362 408 712 659 453 329 240 247 137 70
Current Employee Benefit Liabilities		 642 684 686 649 544 425 407 336 214 140 86
Total Noncurrent Liabilities		 525 563 1,023 584 206 121 65 36 56 25 17
Long-Term Debt		 59 60 530 200 0.00 - - - - - -
Capital Lease Obligations		 57 - - 115 73 40 0.00 - - - -
Noncurrent Deferred & Payable Income Tax Liabilities		 298 324 308 211 110 55 57 33 56 12 0.00
Other Noncurrent Operating Liabilities		 112 179 185 57 23 25 7.12 2.80 0.03 13 17
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 12 16 20 23 1,661 1,500 784 94 0.00 - 21
Total Equity & Noncontrolling Interests		 19,510 18,024 15,765 15,579 12,766 8,987 6,699 7,125 5,515 4,464 3,756
Total Preferred & Common Equity		 19,000 17,505 15,185 14,959 12,632 8,823 6,584 7,017 5,476 4,452 3,761
Total Common Equity		 19,000 17,505 15,185 14,959 12,632 8,823 6,584 7,017 5,476 4,452 3,761
Common Stock		 1,351 3,184 3,314 5,950 4,281 562 0.38 269 235 271 198
Retained Earnings		 17,856 15,805 13,205 12,161 9,869 8,097 6,404 6,557 5,066 4,022 3,413
Treasury Stock		 -613 - - -3,217 -1,607 0.00 - - - - -
Accumulated Other Comprehensive Income / (Loss)		 138 87 63 -130 -100 -10 2.48 5.61 8.82 4.18 0.00
Other Equity Adjustments		 268 -1,571 -1,397 195 189 174 177 185 166 154 151
Noncontrolling Interest		 510 519 581 620 134 164 116 108 39 13 -5.18

Quarterly Balance Sheets for NetEase

No quarterly balance sheets for NetEase are available.

Annual Metrics And Ratios for NetEase

This table displays calculated financial ratios and metrics derived from NetEase's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -1.01% 4.16% 1.77% 21.33% 33.21% 14.18% 9.25% 24.56% 57.69% 84.34% 24.09%
EBITDA Growth		 0.87% 23.59% 15.56% 30.06% -5.41% 38.80% -12.33% 7.98% 66.32% 44.44% -4.35%
EBIT Growth		 3.42% 26.15% 22.44% 39.55% -13.58% 41.47% -22.16% 4.23% 66.25% 46.08% -4.72%
NOPAT Growth		 2.05% 49.16% 8.84% 15.54% 10.19% 44.10% -32.90% 9.53% 64.66% 38.65% 4.90%
Net Income Growth		 0.25% 43.72% 8.00% 40.47% -38.37% 226.37% -43.37% -1.55% 62.45% 34.99% 5.11%
EPS Growth		 -1.23% 149.92% 23.15% 39.17% -44.87% 226.37% -43.37% -85.88% 72.06% 40.69% 6.62%
Operating Cash Flow Growth		 9.23% 23.87% 2.71% 2.18% 54.86% 26.59% 7.04% -17.85% 80.60% 30.22% 9.28%
Free Cash Flow Firm Growth		 404.08% -2.07% -35.13% 257.84% 10.72% -266.01% 334.15% -145.57% -33.89% 294.08% 630.52%
Invested Capital Growth		 -30.74% 14.40% 5.10% -4.26% 40.42% 68.86% 0.54% 75.83% 21.54% -21.23% 10.28%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 62.50% 60.95% 54.68% 53.62% 52.92% 53.27% 53.43% 56.36% 56.74% 58.78% 72.15%
EBITDA Margin		 31.21% 30.62% 25.81% 22.73% 21.21% 29.86% 24.57% 30.61% 35.31% 33.48% 42.72%
Operating Margin		 28.10% 26.78% 20.34% 18.74% 19.74% 23.28% 19.50% 29.24% 33.08% 31.89% 40.68%
EBIT Margin		 28.91% 27.67% 22.85% 18.99% 16.51% 25.45% 20.54% 28.83% 34.45% 32.68% 41.23%
Profit (Net Income) Margin		 28.73% 28.37% 20.56% 19.38% 16.74% 36.18% 12.66% 24.41% 30.89% 29.98% 40.94%
Tax Burden Percent		 84.71% 86.20% 81.83% 80.44% 80.21% 130.81% 58.48% 78.39% 84.87% 84.30% 87.86%
Interest Burden Percent		 117.33% 118.96% 110.00% 126.85% 126.38% 108.66% 105.37% 108.03% 105.64% 108.85% 113.02%
Effective Tax Rate		 15.29% 13.80% 20.75% 19.56% 19.79% 17.79% 22.21% 15.58% 15.13% 15.70% 12.14%
Return on Invested Capital (ROIC)		 29.35% 26.19% 19.29% 17.78% 17.59% 24.11% 22.55% 42.96% 59.35% 35.19% 23.79%
ROIC Less NNEP Spread (ROIC-NNEP)		 19.30% 7.24% 3.75% 0.17% 13.05% -40.78% 30.53% 43.72% 52.93% 27.86% 10.26%
Return on Net Nonoperating Assets (RNNOA)		 -7.28% -1.74% -0.96% -0.04% -2.37% 10.14% -9.73% -16.82% -25.46% -9.93% -2.09%
Return on Equity (ROE)		 22.07% 24.45% 18.33% 17.74% 15.22% 34.25% 12.82% 26.15% 33.89% 25.26% 21.70%
Cash Return on Invested Capital (CROIC)		 65.68% 12.76% 14.31% 22.13% -16.03% -27.11% 22.02% -12.02% 39.91% 58.93% 14.02%
Operating Return on Assets (OROA)		 15.73% 15.74% 13.00% 11.37% 9.87% 15.06% 12.99% 20.45% 25.86% 20.35% 17.39%
Return on Assets (ROA)		 15.63% 16.14% 11.71% 11.60% 10.00% 21.40% 8.00% 17.32% 23.18% 18.68% 17.27%
Return on Common Equity (ROCE)		 21.45% 23.63% 17.61% 16.30% 13.11% 29.36% 11.86% 25.65% 33.71% 25.17% 21.69%
Return on Equity Simple (ROE_SIMPLE)		 21.82% 23.62% 18.95% 17.81% 15.01% 34.87% 14.32% 23.72% 30.88% 23.38% 20.50%
Net Operating Profit after Tax (NOPAT)		 3,433 3,364 2,255 2,072 1,794 1,628 1,130 1,683 1,537 933 673
NOPAT Margin		 23.80% 23.08% 16.12% 15.07% 15.83% 19.14% 15.16% 24.69% 28.07% 26.88% 35.74%
Net Nonoperating Expense Percent (NNEP)		 10.05% 18.95% 15.54% 17.61% 4.55% 64.89% -7.98% -0.76% 6.42% 7.33% 13.53%
Return On Investment Capital (ROIC_SIMPLE)		 16.14% - - - - - - - - - -
Cost of Revenue to Revenue		 37.50% 39.05% 45.32% 46.38% 47.08% 46.73% 46.57% 43.64% 43.26% 41.22% 27.85%
SG&A Expenses to Revenue		 4.32% 4.74% 4.87% 4.87% 4.58% 5.28% 6.02% 5.36% 3.95% 4.45% 3.99%
R&D to Revenue		 16.64% 15.93% 15.59% 16.07% 14.08% 14.20% 14.42% 9.37% 7.98% 9.47% 11.30%
Operating Expenses to Revenue		 34.40% 34.17% 34.34% 34.88% 33.18% 29.99% 33.94% 27.11% 23.66% 26.89% 31.47%
Earnings before Interest and Taxes (EBIT)		 4,170 4,032 3,196 2,611 1,871 2,165 1,530 1,966 1,886 1,134 777
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 4,502 4,463 3,611 3,125 2,403 2,540 1,830 2,087 1,933 1,162 805
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.98 3.40 3.05 4.35 23.20 20.84 21.29 28.91 23.00 23.30 14.80
Price to Tangible Book Value (P/TBV)		 2.98 3.40 3.05 4.35 23.20 20.84 21.29 28.91 23.00 23.30 14.80
Price to Revenue (P/Rev)		 3.92 4.08 3.31 4.74 25.86 21.62 18.82 29.75 23.00 29.87 29.56
Price to Earnings (P/E)		 13.91 14.35 15.68 24.62 157.93 59.79 156.53 123.47 75.68 101.14 72.78
Dividend Yield		 2.77% 1.90% 2.15% 0.85% 1.02% 2.21% 0.78% 1.18% 1.53% 1.12% 3.32%
Earnings Yield		 7.19% 6.97% 6.38% 4.06% 0.63% 1.67% 0.64% 0.81% 1.32% 0.99% 1.37%
Enterprise Value to Invested Capital (EV/IC)		 4.93 4.06 3.59 5.40 24.54 21.65 27.71 40.21 43.40 43.46 18.49
Enterprise Value to Revenue (EV/Rev)		 3.27 3.82 3.08 4.48 25.79 21.58 18.68 29.46 22.52 29.26 29.14
Enterprise Value to EBITDA (EV/EBITDA)		 10.48 12.47 11.92 19.70 121.63 72.28 76.06 96.23 63.79 87.42 68.20
Enterprise Value to EBIT (EV/EBIT)		 11.31 13.81 13.47 23.58 156.20 84.81 90.97 102.17 65.37 89.56 70.66
Enterprise Value to NOPAT (EV/NOPAT)		 13.74 16.55 19.09 29.71 162.92 112.79 123.22 119.31 80.23 108.85 81.51
Enterprise Value to Operating Cash Flow (EV/OCF)		 8.68 11.19 10.71 15.74 76.34 74.27 71.28 110.09 55.52 82.62 58.11
Enterprise Value to Free Cash Flow (EV/FCFF)		 6.14 33.97 25.72 23.86 0.00 0.00 126.22 0.00 119.31 64.99 138.33
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.09 0.15 0.25 0.22 0.22 0.24 0.27 0.14 0.10 0.08 0.09
Long-Term Debt to Equity		 0.01 0.00 0.03 0.02 0.01 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -0.38 -0.24 -0.26 -0.22 -0.18 -0.25 -0.32 -0.38 -0.48 -0.36 -0.20
Leverage Ratio		 1.41 1.51 1.57 1.53 1.52 1.60 1.60 1.51 1.46 1.35 1.26
Compound Leverage Factor		 1.66 1.80 1.72 1.94 1.92 1.74 1.69 1.63 1.54 1.47 1.42
Debt to Total Capital		 8.25% 13.31% 20.18% 17.91% 17.80% 19.15% 20.99% 12.34% 9.03% 7.19% 8.03%
Short-Term Debt to Total Capital		 7.71% 13.02% 17.50% 16.25% 17.38% 18.84% 20.99% 12.34% 9.03% 7.19% 8.03%
Long-Term Debt to Total Capital		 0.54% 0.29% 2.68% 1.66% 0.42% 0.31% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 2.45% 2.57% 3.04% 3.38% 10.23% 12.83% 9.50% 2.46% 0.64% 0.26% 0.40%
Common Equity to Total Capital		 89.30% 84.12% 76.78% 78.71% 71.98% 68.02% 69.51% 85.20% 90.33% 92.54% 91.58%
Debt to EBITDA		 0.39 0.62 1.11 1.09 1.30 0.98 1.09 0.49 0.28 0.30 0.41
Net Debt to EBITDA		 -2.21 -0.97 -1.05 -1.34 -1.08 -0.77 -1.03 -1.07 -1.38 -1.83 -1.01
Long-Term Debt to EBITDA		 0.03 0.01 0.15 0.10 0.03 0.02 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.51 0.82 1.77 1.64 1.74 1.53 1.76 0.60 0.36 0.37 0.49
Net Debt to NOPAT		 -2.90 -1.29 -1.69 -2.03 -1.44 -1.21 -1.67 -1.32 -1.74 -2.28 -1.20
Long-Term Debt to NOPAT		 0.03 0.02 0.24 0.15 0.04 0.02 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 7.25 6.86 5.23 6.72 25.73 21.84 18.41 35.79 29.81 37.25 32.99
Noncontrolling Interest Sharing Ratio		 2.81% 3.36% 3.96% 8.12% 13.88% 14.26% 7.49% 1.89% 0.52% 0.35% 0.05%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 3.09 2.65 2.32 2.24 2.31 2.23 1.96 2.61 2.58 2.95 4.10
Quick Ratio		 1.37 0.60 0.66 0.64 0.58 0.59 0.59 0.68 1.11 1.17 0.73
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 7,683 1,639 1,674 2,580 -1,634 -1,831 1,103 -471 1,033 1,563 397
Operating Cash Flow to CapEx		 3,146.79% 1,542.01% 1,345.89% 1,628.87% 2,397.63% 1,498.55% 620.33% 720.53% 1,366.45% 933.72% 1,095.89%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.54 0.57 0.57 0.60 0.60 0.59 0.63 0.71 0.75 0.62 0.42
Accounts Receivable Turnover		 17.16 17.88 17.60 17.53 17.40 14.40 13.09 11.71 10.87 12.90 18.21
Inventory Turnover		 61.39 47.03 42.92 52.62 57.86 31.99 6.97 5.58 13.50 22.18 0.00
Fixed Asset Turnover		 12.52 14.17 15.79 17.71 16.62 12.66 11.84 14.74 16.45 13.24 10.76
Accounts Payable Turnover		 48.56 33.22 33.99 38.76 30.61 22.79 12.62 10.35 15.43 16.57 10.26
Days Sales Outstanding (DSO)		 21.27 20.41 20.74 20.82 20.98 25.34 27.88 31.18 33.59 28.30 20.04
Days Inventory Outstanding (DIO)		 5.95 7.76 8.50 6.94 6.31 11.41 52.36 65.40 27.03 16.46 0.00
Days Payable Outstanding (DPO)		 7.52 10.99 10.74 9.42 11.92 16.02 28.92 35.26 23.65 22.03 35.57
Cash Conversion Cycle (CCC)		 19.70 17.19 18.50 18.34 15.36 20.74 51.32 61.32 36.98 22.73 -15.53
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 9,573 13,708 11,983 11,401 11,909 8,481 5,022 4,995 2,841 2,338 2,968
Invested Capital Turnover		 1.23 1.13 1.20 1.18 1.11 1.26 1.49 1.74 2.11 1.31 0.67
Increase / (Decrease) in Invested Capital		 -4,250 1,725 582 -507 3,428 3,458 27 2,154 503 -630 277
Enterprise Value (EV)		 47,183 55,670 43,045 61,564 292,221 183,587 139,186 200,848 123,295 101,595 54,873
Market Capitalization		 56,609 59,467 46,247 65,121 293,017 183,891 140,169 202,870 125,930 103,709 55,666
Book Value per Share		 $5.92 $5.43 $4.64 $4.47 $3.91 $2.76 $2.01 $2.14 $1.67 $1.36 $1.16
Tangible Book Value per Share		 $5.92 $5.43 $4.64 $4.47 $3.91 $2.76 $2.01 $2.14 $1.67 $1.36 $1.16
Total Capital		 21,278 20,810 19,777 19,006 17,550 12,971 9,471 8,236 6,062 4,810 4,107
Total Debt		 1,756 2,770 3,992 3,404 3,124 2,484 1,988 1,016 547 346 330
Total Long-Term Debt		 115 60 530 315 73 40 0.00 0.00 0.00 0.00 0.00
Net Debt		 -9,948 -4,332 -3,802 -4,200 -2,590 -1,968 -1,882 -2,224 -2,674 -2,127 -810
Capital Expenditures (CapEx)		 173 323 298 240 160 165 315 253 163 132 86
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 6,906 11,190 9,198 8,262 8,533 6,055 3,773 4,049 1,940 1,787 2,624
Debt-free Net Working Capital (DFNWC)		 15,842 15,224 14,303 12,916 12,446 9,172 6,880 6,878 4,878 3,808 3,702
Net Working Capital (NWC)		 14,201 12,514 10,841 9,826 9,396 6,728 4,892 5,861 4,331 3,462 3,373
Net Nonoperating Expense (NNE)		 -712 -771 -622 -592 -103 -1,449 187 19 -154 -108 -98
Net Nonoperating Obligations (NNO)		 -9,948 -4,332 -3,802 -4,201 -2,517 -2,006 -2,461 -2,224 -2,674 -2,127 -810
Total Depreciation and Amortization (D&A)		 331 430 414 514 532 375 300 121 47 28 28
Debt-free, Cash-free Net Working Capital to Revenue		 47.87% 76.79% 65.74% 60.10% 75.31% 71.19% 50.65% 59.38% 35.43% 51.47% 139.31%
Debt-free Net Working Capital to Revenue		 109.82% 104.47% 102.23% 93.95% 109.85% 107.83% 92.35% 100.86% 89.11% 109.70% 196.59%
Net Working Capital to Revenue		 98.44% 85.87% 77.49% 71.48% 82.92% 79.10% 65.67% 85.96% 79.12% 99.73% 179.09%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.27 $15.59 $6.23 $9.05 $6.45 $6.05 $1.44 $0.10 $0.10 $0.06 $0.05
Adjusted Weighted Average Basic Shares Outstanding		 3.20B 3.86B 3.26B 3.99B 3.97B 16.75B 16.82B 16.45B 16.41B 16.42B 16.98B
Adjusted Diluted Earnings per Share		 $1.26 $15.42 $6.17 $5.01 $6.36 $6.00 $0.05 $0.10 $0.10 $0.06 $0.05
Adjusted Weighted Average Diluted Shares Outstanding		 3.23B 3.90B 3.30B 4.04B 4.02B 16.90B 16.92B 16.58B 16.54B 16.53B 17.04B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 3.17B 3.21B 3.22B 3.27B 3.35B 16.14B 16.00B 16.42B 16.41B 16.43B 16.34B
Normalized Net Operating Profit after Tax (NOPAT)		 3,433 3,364 2,255 2,072 1,794 1,628 1,130 1,683 1,537 933 673
Normalized NOPAT Margin		 23.80% 23.08% 16.12% 15.07% 15.83% 19.14% 15.16% 24.69% 28.07% 26.88% 35.74%
Pre Tax Income Margin		 33.92% 32.92% 25.13% 24.09% 20.87% 27.66% 21.64% 31.14% 36.40% 35.57% 46.60%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 36.90% 27.30% 33.88% 24.97% 34.72% 41.25% 25.24% 30.03% 21.59% 21.47% 41.35%
Augmented Payout Ratio		 66.09% 45.13% 75.85% 101.02% 131.66% 41.25% 37.29% 30.03% 31.76% 23.40% 41.35%

Quarterly Metrics And Ratios for NetEase

No quarterly metrics and ratios for NetEase are available.

Frequently Asked Questions About NetEase's Financials

When does NetEase's financial year end?

According to the most recent income statement we have on file, NetEase's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has NetEase's net income changed over the last 10 years?

NetEase's net income appears to be on an upward trend, with a most recent value of $4.15 billion in 2024, rising from $771.12 million in 2014. The previous period was $4.13 billion in 2023. Check out NetEase's forecast to explore projected trends and price targets.

What is NetEase's operating income?
NetEase's total operating income in 2024 was $4.05 billion, based on the following breakdown:
  • Total Gross Profit: $9.02 billion
  • Total Operating Expenses: $4.96 billion
How has NetEase revenue changed over the last 10 years?

Over the last 10 years, NetEase's total revenue changed from $1.88 billion in 2014 to $14.43 billion in 2024, a change of 665.9%.

How much debt does NetEase have?

NetEase's total liabilities were at $7.33 billion at the end of 2024, a 10.0% decrease from 2023, and a 564.2% increase since 2014.

How much cash does NetEase have?

In the past 10 years, NetEase's cash and equivalents has ranged from $325.04 million in 2014 to $7.04 billion in 2024, and is currently $7.04 billion as of their latest financial filing in 2024.

How has NetEase's book value per share changed over the last 10 years?

Over the last 10 years, NetEase's book value per share changed from 1.16 in 2014 to 5.92 in 2024, a change of 411.4%.


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This page (NASDAQ:NTES) was last updated on 5/29/2025 by MarketBeat.com Staff
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