NetEase Financials

NTES Stock

USD 118.50 5.02 4.06%

Based on the measurements of operating efficiency obtained from NetEase's historical financial statements, NetEase may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At this time, NetEase's Other Assets are comparatively stable compared to the past year. Cash And Short Term Investments is likely to gain to about 166.1 B in 2026, whereas Accounts Payable is likely to drop slightly above 641.6 M in 2026.

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NetEase Balance Sheet Chart

At this time, NetEase's Other Assets are comparatively stable compared to the past year. Cash And Short Term Investments is likely to gain to about 166.1 B in 2026, whereas Accounts Payable is likely to drop slightly above 641.6 M in 2026.

Total Assets Other Current Liab Total Current Liabilities Total Stockholder Equity

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Key indicators impacting NetEase's financial strength include:

Current Value

Last Year

Change From Last Year

10 Year Trend

Debt Equity Ratio

0.1

0.11

Significantly Down

Slightly volatile

Current Ratio

6.62

3.55

Way Up

Slightly volatile

The essential information of the day-to-day investment outlook for NetEase includes many different criteria found on its balance sheet. An individual investor should research NetEase's cash flow, debt, and profitability to accurately make informed decisions on whether to invest in NetEase.

Net Income

35.86 Billion

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Please note, the imprecision that can be found in NetEase's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of NetEase. Check NetEase's Beneish M Score to see the likelihood of NetEase's management manipulating its earnings.

NetEase Stock Summary

NetEase competes with Roblox Corp, Cadence Design, Snowflake, MicroStrategy Incorporated, and Cloudflare. NetEase, Inc. provides online services focusing on diverse content, community, communication, and commerce in the Peoples Republic of China and internationally. NetEase, Inc. was founded in 1997 and is headquartered in Hangzhou, the Peoples Republic of China. Netease Inc operates under Electronic Gaming Multimedia classification in the United States and is traded on NASDAQ Exchange. It employs 32064 people.

Specialization	Communication Services, Electronic Gaming & Multimedia
Instrument	USA Stock View All
Exchange	NASDAQ Exchange
ISIN	US64110W1027
Business Address	NetEase Building, Hangzhou,
Sector	Entertainment
Industry	Communication Services
Benchmark	Dow Jones Industrial
Website	ir.netease.com
Phone	86 57 1898 53378
Currency	USD - US Dollar

NetEase Key Financial Ratios

	Return On Equity	0.25
	Profit Margin	0.32 %
	Operating Margin	0.28 %
	Price To Sales	0.71 X
	Revenue	105.3 B

More Fundamentals

NetEase Key Balance Sheet Accounts

	2021	2022	2023	2024	2025	2026 (projected)
Total Assets	153.6B	172.8B	185.9B	196.0B	225.4B	236.7B
Other Current Liab	25.3B	28.4B	13.9B	37.1B	42.7B	44.8B
Net Debt	6.1B	2.6B	(945.4M)	(39.2B)	(35.2B)	(33.5B)
Retained Earnings	77.5B	91.1B	112.2B	130.3B	149.9B	157.4B
Accounts Payable	985.1M	1.5B	881.0M	720.5M	828.6M	641.6M
Cash	14.5B	24.9B	21.4B	51.4B	59.1B	62.0B
Other Assets	2.9B	18.7B	25.2B	27.7B	31.9B	33.5B
Net Receivables	5.5B	5.0B	9.2B	5.7B	6.5B	6.8B
Inventory	964.7M	993.6M	695.4M	571.5M	657.3M	1.1B
Other Current Assets	13.6B	12.0B	6.0B	9.5B	10.9B	11.5B
Total Liab	54.4B	63.9B	57.8B	53.5B	61.5B	64.6B
Total Current Assets	113.1B	131.6B	142.7B	153.3B	176.3B	185.1B
Short Term Debt	19.7B	24.1B	19.5B	11.8B	13.6B	14.3B
Other Liab	560.0M	1.3B	1.3B	3.4B	3.9B	4.1B
Intangible Assets	4.1B	4.1B	6.0B	4.2B	4.8B	5.0B
Net Tangible Assets	54.1B	77.9B	91.2B	100.6B	115.7B	121.5B
Short Long Term Debt	19.4B	23.9B	19.2B	11.8B	13.6B	12.6B
Good Will	595.3M	2.2B	1.9B	1.9B	2.1B	2.2B

NetEase Key Income Statement Accounts

The reason investors look at the income statement is to determine what NetEase's earnings per share (EPS) will be for research and analysis purposes. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, this information can be used for research and educational purposes even though its price per share may not have changed.

	2021	2022	2023	2024	2025	2026 (projected)
Interest Expense	11.7B	935.9M	7.0B	2.1B	2.5B	1.3B
Total Revenue	87.6B	96.5B	103.5B	105.3B	121.1B	127.1B
Gross Profit	47.0B	52.8B	63.1B	65.8B	75.7B	79.5B
Operating Income	16.4B	19.6B	27.7B	29.6B	26.6B	25.3B
Ebit	16.4B	19.6B	27.7B	29.6B	34.0B	35.7B
Research Development	14.1B	15.0B	16.5B	17.5B	20.2B	21.2B
Ebitda	19.7B	22.5B	30.8B	32.0B	36.8B	38.6B
Cost Of Revenue	40.6B	43.7B	40.4B	39.5B	45.4B	47.7B
Income Before Tax	21.1B	24.3B	34.1B	35.7B	32.1B	30.5B
Net Income	16.9B	20.3B	29.4B	29.7B	34.2B	35.9B
Income Tax Expense	4.1B	5.0B	4.7B	5.5B	6.3B	6.6B
Minority Interest	(119.3M)	494.3M	296.4M	(558.7M)	(642.5M)	(610.4M)
Tax Provision	4.1B	5.0B	4.6B	5.5B	6.3B	3.6B
Interest Income	1.5B	2.1B	3.5B	4.9B	5.7B	5.9B
Net Interest Income	1.5B	2.1B	3.5B	4.9B	5.7B	5.9B

NetEase Key Cash Accounts

	2021	2022	2023	2024	2025	2026 (projected)
Change In Cash	5.2B	10.2B	(3.4B)	30.3B	34.8B	36.5B
Free Cash Flow	21.8B	25.1B	31.1B	37.5B	43.1B	45.2B
Depreciation	3.3B	2.9B	3.1B	2.4B	2.8B	2.9B
Other Non Cash Items	(2.0B)	(1.5B)	(831.3M)	(852.7M)	(767.4M)	(729.1M)
Capital Expenditures	3.1B	2.6B	4.3B	2.2B	2.5B	1.4B
Net Income	17.0B	19.2B	29.4B	30.3B	34.8B	36.5B
End Period Cash Flow	17.4B	27.6B	24.2B	54.5B	62.6B	65.8B
Change To Netincome	(6.3B)	4.6B	1.6B	1.0B	1.2B	1.2B
Change To Inventory	(343.6M)	(27.6M)	296.8M	123.8M	111.4M	117.0M
Dividends Paid	3.5B	6.7B	(8.0B)	(11.2B)	(10.0B)	(9.5B)
Investments	(3.8B)	(7.4B)	(2.5B)	17.9B	20.6B	21.6B
Net Borrowings	1.7B	4.8B	(8.3B)	(7.5B)	(6.7B)	(6.4B)

NetEase Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining NetEase's current stock value. Our valuation model uses many indicators to compare NetEase value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across NetEase competition to find correlations between indicators driving NetEase's intrinsic value. More Info.

NetEase is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers reporting about 0.44 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for NetEase is roughly 2.28 . At this time, NetEase's Return On Equity is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value NetEase by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Most indicators from NetEase's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NetEase current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NetEase. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in discontinued.

For more information on how to buy NetEase Stock please use our How to Invest in NetEase guide.At this time, NetEase's Selling General Administrative is comparatively stable compared to the past year. Discontinued Operations is likely to gain to about 829.1 M in 2026, whereas Enterprise Value Over EBITDA is likely to drop 12.89 in 2026.

	2023	2024	2025	2026 (projected)
Gross Profit	63.1B	65.8B	75.7B	79.5B
Total Revenue	103.5B	105.3B	121.1B	127.1B

Gross Profit Total Revenue

NetEase fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Short Long Term Debt Total	Current Deferred Revenue	Non Currrent Assets Other	Short Term Investments
Total Assets		0.92	0.97	0.99	0.98	-0.54	0.98	0.25	0.87	0.99	0.95	1.0	0.9	0.49	0.45	-0.35	0.73	0.75	0.95	0.93	1.0	0.7	0.73	0.26	0.89	0.98
Other Current Liab	0.92		0.85	0.94	0.9	-0.73	0.95	0.15	0.95	0.89	0.9	0.93	0.73	0.48	0.39	-0.31	0.69	0.88	0.81	0.9	0.93	0.85	0.52	-0.05	0.94	0.83
Total Current Liabilities	0.97	0.85		0.93	0.94	-0.35	0.91	0.4	0.74	0.98	0.91	0.96	0.92	0.43	0.44	-0.3	0.71	0.6	0.99	0.84	0.96	0.53	0.85	0.44	0.87	0.98
Total Stockholder Equity	0.99	0.94	0.93		0.97	-0.65	1.0	0.16	0.92	0.97	0.96	0.99	0.88	0.51	0.45	-0.36	0.72	0.82	0.9	0.96	0.99	0.77	0.63	0.16	0.88	0.94
Property Plant And Equipment Net	0.98	0.9	0.94	0.97		-0.58	0.98	0.31	0.87	0.95	0.9	0.97	0.92	0.5	0.44	-0.25	0.62	0.76	0.91	0.92	0.98	0.72	0.66	0.23	0.82	0.94
Net Debt	-0.54	-0.73	-0.35	-0.65	-0.58		-0.69	0.28	-0.88	-0.47	-0.57	-0.58	-0.33	-0.38	-0.19	0.28	-0.37	-0.93	-0.29	-0.71	-0.57	-0.94	0.11	0.58	-0.55	-0.37
Retained Earnings	0.98	0.95	0.91	1.0	0.98	-0.69		0.16	0.94	0.95	0.94	0.99	0.86	0.52	0.44	-0.34	0.67	0.85	0.87	0.96	0.99	0.81	0.59	0.11	0.87	0.92
Accounts Payable	0.25	0.15	0.4	0.16	0.31	0.28	0.16		-0.04	0.22	0.06	0.2	0.43	0.2	0.32	0.5	-0.05	-0.11	0.42	-0.01	0.25	-0.13	0.47	0.51	0.18	0.31
Cash	0.87	0.95	0.74	0.92	0.87	-0.88	0.94	-0.04		0.82	0.86	0.89	0.67	0.48	0.34	-0.36	0.63	0.96	0.69	0.93	0.88	0.94	0.33	-0.22	0.84	0.74
Non Current Assets Total	0.99	0.89	0.98	0.97	0.95	-0.47	0.95	0.22	0.82		0.96	0.98	0.89	0.42	0.4	-0.42	0.76	0.69	0.97	0.91	0.98	0.63	0.79	0.33	0.9	0.98
Other Assets	0.95	0.9	0.91	0.96	0.9	-0.57	0.94	0.06	0.86	0.96		0.96	0.83	0.39	0.35	-0.47	0.83	0.73	0.87	0.94	0.95	0.67	0.69	0.24	0.86	0.92
Cash And Short Term Investments	1.0	0.93	0.96	0.99	0.97	-0.58	0.99	0.2	0.89	0.98	0.96		0.89	0.49	0.44	-0.36	0.71	0.78	0.93	0.95	1.0	0.73	0.69	0.22	0.89	0.97
Net Receivables	0.9	0.73	0.92	0.88	0.92	-0.33	0.86	0.43	0.67	0.89	0.83	0.89		0.42	0.43	-0.26	0.53	0.51	0.9	0.79	0.9	0.46	0.74	0.53	0.67	0.92
Common Stock Total Equity	0.49	0.48	0.43	0.51	0.5	-0.38	0.52	0.2	0.48	0.42	0.39	0.49	0.42		0.96	0.14	0.33	0.46	0.4	0.41	0.51	0.45	0.2	-0.01	0.43	0.44
Common Stock Shares Outstanding	0.45	0.39	0.44	0.45	0.44	-0.19	0.44	0.32	0.34	0.4	0.35	0.44	0.43	0.96		0.19	0.34	0.28	0.43	0.31	0.46	0.26	0.34	0.2	0.39	0.45
Inventory	-0.35	-0.31	-0.3	-0.36	-0.25	0.28	-0.34	0.5	-0.36	-0.42	-0.47	-0.36	-0.26	0.14	0.19		-0.48	-0.3	-0.31	-0.45	-0.33	-0.27	-0.26	-0.06	-0.39	-0.33
Other Current Assets	0.73	0.69	0.71	0.72	0.62	-0.37	0.67	-0.05	0.63	0.76	0.83	0.71	0.53	0.33	0.34	-0.48		0.53	0.7	0.67	0.71	0.46	0.61	0.19	0.76	0.69
Other Stockholder Equity	0.75	0.88	0.6	0.82	0.76	-0.93	0.85	-0.11	0.96	0.69	0.73	0.78	0.51	0.46	0.28	-0.3	0.53		0.56	0.82	0.77	1.0	0.14	-0.43	0.78	0.6
Total Liab	0.95	0.81	0.99	0.9	0.91	-0.29	0.87	0.42	0.69	0.97	0.87	0.93	0.9	0.4	0.43	-0.31	0.7	0.56		0.81	0.94	0.49	0.87	0.47	0.86	0.98
Property Plant And Equipment Gross	0.93	0.9	0.84	0.96	0.92	-0.71	0.96	-0.01	0.93	0.91	0.94	0.95	0.79	0.41	0.31	-0.45	0.67	0.82	0.81		0.93	0.78	0.56	0.07	0.81	0.87
Total Current Assets	1.0	0.93	0.96	0.99	0.98	-0.57	0.99	0.25	0.88	0.98	0.95	1.0	0.9	0.51	0.46	-0.33	0.71	0.77	0.94	0.93		0.72	0.7	0.24	0.89	0.97
Common Stock	0.7	0.85	0.53	0.77	0.72	-0.94	0.81	-0.13	0.94	0.63	0.67	0.73	0.46	0.45	0.26	-0.27	0.46	1.0	0.49	0.78	0.72		0.06	-0.49	0.73	0.54
Short Long Term Debt Total	0.73	0.52	0.85	0.63	0.66	0.11	0.59	0.47	0.33	0.79	0.69	0.69	0.74	0.2	0.34	-0.26	0.61	0.14	0.87	0.56	0.7	0.06		0.74	0.64	0.83
Current Deferred Revenue	0.26	-0.05	0.44	0.16	0.23	0.58	0.11	0.51	-0.22	0.33	0.24	0.22	0.53	-0.01	0.2	-0.06	0.19	-0.43	0.47	0.07	0.24	-0.49	0.74		0.05	0.44
Non Currrent Assets Other	0.89	0.94	0.87	0.88	0.82	-0.55	0.87	0.18	0.84	0.9	0.86	0.89	0.67	0.43	0.39	-0.39	0.76	0.78	0.86	0.81	0.89	0.73	0.64	0.05		0.84
Short Term Investments	0.98	0.83	0.98	0.94	0.94	-0.37	0.92	0.31	0.74	0.98	0.92	0.97	0.92	0.44	0.45	-0.33	0.69	0.6	0.98	0.87	0.97	0.54	0.83	0.44	0.84

Click cells to compare fundamentals

NetEase Account Relationship Matchups

NetEase fundamental ratios Accounts

	2021	2022	2023	2024	2025	2026 (projected)
Total Assets	153.6B	172.8B	185.9B	196.0B	225.4B	236.7B
Other Current Liab	25.3B	28.4B	13.9B	37.1B	42.7B	44.8B
Net Debt	6.1B	2.6B	(945.4M)	(39.2B)	(35.2B)	(33.5B)
Retained Earnings	77.5B	91.1B	112.2B	130.3B	149.9B	157.4B
Accounts Payable	985.1M	1.5B	881.0M	720.5M	828.6M	641.6M
Cash	14.5B	24.9B	21.4B	51.4B	59.1B	62.0B
Other Assets	2.9B	18.7B	25.2B	27.7B	31.9B	33.5B
Net Receivables	5.5B	5.0B	9.2B	5.7B	6.5B	6.8B
Inventory	964.7M	993.6M	695.4M	571.5M	657.3M	1.1B
Other Current Assets	13.6B	12.0B	6.0B	9.5B	10.9B	11.5B
Total Liab	54.4B	63.9B	57.8B	53.5B	61.5B	64.6B
Total Current Assets	113.1B	131.6B	142.7B	153.3B	176.3B	185.1B
Short Term Debt	19.7B	24.1B	19.5B	11.8B	13.6B	14.3B
Other Liab	560.0M	1.3B	1.3B	3.4B	3.9B	4.1B
Intangible Assets	4.1B	4.1B	6.0B	4.2B	4.8B	5.0B
Net Tangible Assets	54.1B	77.9B	91.2B	100.6B	115.7B	121.5B
Short Long Term Debt	19.4B	23.9B	19.2B	11.8B	13.6B	12.6B
Good Will	595.3M	2.2B	1.9B	1.9B	2.1B	2.2B

NetEase Thematic Clasifications

NetEase is part of several thematic ideas from Video Games to Tech Growth. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas

	Video Games		View
	Tech Growth		View
	Cash Cows		View
	Online Gaming		View
	Social Domain		View

Today, most investors in NetEase Stock are looking for potential investment opportunities by analyzing not only static indicators but also various NetEase's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of NetEase growth as a starting point in their analysis.

Price Earnings To Growth Ratio

9.32

At this time, NetEase's Price Earnings To Growth Ratio is comparatively stable compared to the past year.

NetEase February 11, 2026 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of NetEase help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of NetEase. We use our internally-developed statistical techniques to arrive at the intrinsic value of NetEase based on widely used predictive technical indicators. In general, we focus on analyzing NetEase Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build NetEase's daily price indicators and compare them against related drivers.

	Information Ratio	(0.15)
	Maximum Drawdown	12.64
	Value At Risk	(4.06)
	Potential Upside	4.2

Additional Tools for NetEase Stock Analysis

When running NetEase's price analysis, check to measure NetEase's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NetEase is operating at the current time. Most of NetEase's value examination focuses on studying past and present price action to predict the probability of NetEase's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NetEase's price. Additionally, you may evaluate how the addition of NetEase to your portfolios can decrease your overall portfolio volatility.

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NetEase Financials

NetEase Balance Sheet Chart

Net Income

35.86 Billion

NetEase Stock Summary

NetEase Key Financial Ratios

NetEase Key Balance Sheet Accounts

NetEase Key Income Statement Accounts

NetEase Key Cash Accounts

NetEase Financial Ratios Relationships

NetEase fundamental ratios Correlations

NetEase Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NetEase fundamental ratios Accounts

NetEase Thematic Clasifications

Price Earnings To Growth Ratio

9.32

NetEase February 11, 2026 Opportunity Range

Additional Tools for NetEase Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Stockholder Equity
Total Current Assets	+ 1.0	Cash And Short Term Investments
Common Stock	+ 1.0	Other Stockholder Equity
Total Stockholder Equity	+ 0.99	Total Assets

Common Stock	- 0.94	Net Debt
Other Stockholder Equity	- 0.93	Net Debt
Cash	- 0.88	Net Debt
Net Debt	- 0.73	Other Current Liab
Property Plant And Equipment Gross	- 0.71	Net Debt
Retained Earnings	- 0.69	Net Debt