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Side-by-side financial comparison of AECOM (ACM) and NetEase, Inc. (NTES). Click either name above to swap in a different company.
NetEase, Inc. is the larger business by last-quarter revenue ($4.0B vs $3.8B, roughly 1.0× AECOM). NetEase, Inc. runs the higher net margin — 31.0% vs 1.9%, a 29.1% gap on every dollar of revenue. NetEase, Inc. produced more free cash flow last quarter ($1.8B vs $41.9M). Over the past eight quarters, NetEase, Inc.'s revenue compounded faster (9.7% CAGR vs -1.4%).
AECOM is an American multinational infrastructure consulting firm headquartered in Dallas, Texas.
NetEase, Inc. is a Chinese developer and publisher of online PC and mobile games, advertising services, email services, and e-commerce platforms. It is one of the largest Internet and video game companies in the world and was founded by Ding Lei in June 1997.
ACM vs NTES — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.8B | $4.0B |
| Net Profit | $74.5M | $1.2B |
| Gross Margin | 7.3% | 64.1% |
| Operating Margin | 5.8% | 28.3% |
| Net Margin | 1.9% | 31.0% |
| Revenue YoY | 1.6% | — |
| Net Profit YoY | -48.0% | — |
| EPS (diluted) | $0.56 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $3.8B | — | ||
| Q3 25 | $4.2B | $4.0B | ||
| Q2 25 | $4.2B | $3.9B | ||
| Q1 25 | $3.8B | $4.0B | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $4.1B | $3.7B | ||
| Q2 24 | $4.2B | $3.5B | ||
| Q1 24 | $3.9B | $3.7B |
| Q1 26 | $74.5M | — | ||
| Q3 25 | $120.4M | $1.2B | ||
| Q2 25 | $131.0M | $1.3B | ||
| Q1 25 | $143.4M | $1.5B | ||
| Q4 24 | $167.0M | — | ||
| Q3 24 | $172.5M | $955.7M | ||
| Q2 24 | $134.3M | $939.6M | ||
| Q1 24 | $1.0M | $1.1B |
| Q1 26 | 7.3% | — | ||
| Q3 25 | 7.9% | 64.1% | ||
| Q2 25 | 7.8% | 64.7% | ||
| Q1 25 | 7.7% | 64.1% | ||
| Q4 24 | 6.7% | — | ||
| Q3 24 | 7.2% | 62.9% | ||
| Q2 24 | 6.9% | 62.9% | ||
| Q1 24 | 6.6% | 63.4% |
| Q1 26 | 5.8% | — | ||
| Q3 25 | 5.7% | 28.3% | ||
| Q2 25 | 7.0% | 32.5% | ||
| Q1 25 | 6.8% | 36.2% | ||
| Q4 24 | 5.9% | — | ||
| Q3 24 | 5.8% | 27.3% | ||
| Q2 24 | 5.5% | 27.4% | ||
| Q1 24 | 5.1% | 28.4% |
| Q1 26 | 1.9% | — | ||
| Q3 25 | 2.9% | 31.0% | ||
| Q2 25 | 3.1% | 32.6% | ||
| Q1 25 | 3.8% | 36.6% | ||
| Q4 24 | 4.2% | — | ||
| Q3 24 | 4.2% | 25.6% | ||
| Q2 24 | 3.2% | 26.8% | ||
| Q1 24 | 0.0% | 29.1% |
| Q1 26 | $0.56 | — | ||
| Q3 25 | $0.90 | — | ||
| Q2 25 | $0.98 | — | ||
| Q1 25 | $1.08 | — | ||
| Q4 24 | $1.25 | — | ||
| Q3 24 | $1.27 | — | ||
| Q2 24 | $0.98 | — | ||
| Q1 24 | $0.01 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.2B | $31.3B |
| Total DebtLower is stronger | $2.6B | — |
| Stockholders' EquityBook value | $2.2B | $160.8B |
| Total Assets | $11.9B | $214.5B |
| Debt / EquityLower = less leverage | 1.18× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.2B | — | ||
| Q3 25 | $1.6B | $31.3B | ||
| Q2 25 | $1.8B | $54.4B | ||
| Q1 25 | $1.6B | $41.7B | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.6B | $20.2B | ||
| Q2 24 | $1.6B | $19.0B | ||
| Q1 24 | $1.2B | $43.0B |
| Q1 26 | $2.6B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.5B | — | ||
| Q1 25 | $2.5B | — | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $2.5B | — | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $2.1B | — |
| Q1 26 | $2.2B | — | ||
| Q3 25 | $2.5B | $160.8B | ||
| Q2 25 | $2.5B | $154.0B | ||
| Q1 25 | $2.3B | $147.8B | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.2B | $135.6B | ||
| Q2 24 | $2.3B | $134.2B | ||
| Q1 24 | $2.2B | $130.5B |
| Q1 26 | $11.9B | — | ||
| Q3 25 | $12.2B | $214.5B | ||
| Q2 25 | $12.3B | $208.5B | ||
| Q1 25 | $11.8B | $200.9B | ||
| Q4 24 | $11.8B | — | ||
| Q3 24 | $12.1B | $184.9B | ||
| Q2 24 | $12.0B | $183.3B | ||
| Q1 24 | $11.5B | $195.1B |
| Q1 26 | 1.18× | — | ||
| Q3 25 | 1.06× | — | ||
| Q2 25 | 0.99× | — | ||
| Q1 25 | 1.07× | — | ||
| Q4 24 | 1.11× | — | ||
| Q3 24 | 1.12× | — | ||
| Q2 24 | 1.07× | — | ||
| Q1 24 | 0.96× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $70.2M | $1.8B |
| Free Cash FlowOCF − Capex | $41.9M | $1.8B |
| FCF MarginFCF / Revenue | 1.1% | 44.7% |
| Capex IntensityCapex / Revenue | 0.7% | 1.0% |
| Cash ConversionOCF / Net Profit | 0.94× | 1.47× |
| TTM Free Cash FlowTrailing 4 quarters | $616.0M | $6.3B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $70.2M | — | ||
| Q3 25 | $196.1M | $1.8B | ||
| Q2 25 | $283.7M | $1.5B | ||
| Q1 25 | $190.7M | $1.7B | ||
| Q4 24 | $151.1M | — | ||
| Q3 24 | $298.8M | $1.5B | ||
| Q2 24 | $291.3M | $898.8M | ||
| Q1 24 | $94.4M | $1.3B |
| Q1 26 | $41.9M | — | ||
| Q3 25 | $134.1M | $1.8B | ||
| Q2 25 | $261.7M | $1.5B | ||
| Q1 25 | $178.3M | $1.6B | ||
| Q4 24 | $110.9M | — | ||
| Q3 24 | $274.5M | $1.5B | ||
| Q2 24 | $272.8M | $875.6M | ||
| Q1 24 | $73.9M | $1.3B |
| Q1 26 | 1.1% | — | ||
| Q3 25 | 3.2% | 44.7% | ||
| Q2 25 | 6.3% | 38.3% | ||
| Q1 25 | 4.7% | 40.4% | ||
| Q4 24 | 2.8% | — | ||
| Q3 24 | 6.7% | 38.9% | ||
| Q2 24 | 6.6% | 25.0% | ||
| Q1 24 | 1.9% | 34.0% |
| Q1 26 | 0.7% | — | ||
| Q3 25 | 1.5% | 1.0% | ||
| Q2 25 | 0.5% | 0.7% | ||
| Q1 25 | 0.3% | 1.6% | ||
| Q4 24 | 1.0% | — | ||
| Q3 24 | 0.6% | 1.4% | ||
| Q2 24 | 0.4% | 0.7% | ||
| Q1 24 | 0.5% | 1.5% |
| Q1 26 | 0.94× | — | ||
| Q3 25 | 1.63× | 1.47× | ||
| Q2 25 | 2.17× | 1.20× | ||
| Q1 25 | 1.33× | 1.15× | ||
| Q4 24 | 0.90× | — | ||
| Q3 24 | 1.73× | 1.58× | ||
| Q2 24 | 2.17× | 0.96× | ||
| Q1 24 | 93.70× | 1.22× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ACM
Segment breakdown not available.
NTES
| Games and related value-added services | $3.3B | 82% |
| NetEase Cloud Music | $275.9M | 7% |
| Youdao | $228.8M | 6% |
| Innovative businesses and others | $202.1M | 5% |
