NetEase Financial Ratios
NASDAQ: NTESTechnologyComputer Software: Prepackaged SoftwareUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
NetEase ratio analysis
NetEase earned a net margin of 30.9% in FY 2025, up from 28.7% a year earlier. Gross margin was 64.3% compared with a median of 53.6% over the prior 9 years. Return on equity reached 21.7%, meaning NetEase generated 0.22 dollars of profit for every dollar of shareholders' equity.
At the end of FY 2025, NTES traded at 98.4 times earnings; across the 10 fiscal years shown, its year-end P/E ranged from 69.1 to 174.1, with a median of 91.4. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
NetEase financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 98.37 | 70.04 | 73.35 | 81.61 | 128.84 | 174.13 | 69.08 | 170.19 | 138.03 | 84.45 |
| Price / sales | 29.19 | 19.58 | 20.56 | 16.94 | 24.62 | 28.04 | 24.57 | 15.22 | 27.31 | 25.70 |
| Price / book | 20.51 | 14.87 | 17.12 | 15.61 | 22.63 | 25.15 | 23.69 | 22.60 | 32.31 | 25.69 |
| Gross margin | 64.3% | 62.5% | 60.9% | 54.7% | 53.6% | 52.9% | 53.3% | 42.3% | 47.9% | 56.7% |
| Operating margin | 31.8% | 28.1% | 26.8% | 20.3% | 18.7% | 19.7% | 23.3% | 11.8% | 22.5% | 33.1% |
| Net margin | 30.9% | 28.7% | 28.4% | 20.6% | 19.4% | 16.7% | 36.2% | 9.6% | 20.1% | 30.4% |
| Free cash flow margin | 44.1% | 36.5% | 31.9% | 26.5% | 26.6% | 32.4% | 27.0% | 16.2% | 18.6% | 37.6% |
| Return on equity (ROE) | 21.7% | 21.8% | 23.6% | 18.9% | 17.8% | 15.0% | 34.9% | 14.3% | 23.7% | 30.4% |
| Return on assets (ROA) | 15.7% | 15.4% | 15.8% | 11.5% | 11.0% | 8.7% | 19.1% | 7.4% | 15.3% | 20.0% |
| Debt / equity | — | 0.00 | 0.00 | 0.03 | 0.01 | — | — | — | — | — |
| Current ratio | 3.45 | 3.09 | 2.65 | 2.32 | 2.24 | 2.31 | 2.23 | 1.96 | 2.61 | 2.56 |
| Revenue growth | 11.6% | -1.0% | 4.2% | 1.8% | 21.8% | 32.7% | -12.9% | 17.5% | 51.2% | — |
| EPS growth | 19.0% | -0.8% | 42.7% | 12.7% | 43.6% | -41.5% | 248.1% | -46.0% | -2.0% | 64.5% |