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Side-by-side financial comparison of Ametek (AME) 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 $2.0B, roughly 2.0× Ametek). NetEase, Inc. runs the higher net margin — 31.0% vs 19.9%, a 11.1% gap on every dollar of revenue. NetEase, Inc. produced more free cash flow last quarter ($1.8B vs $527.3M). Over the past eight quarters, NetEase, Inc.'s revenue compounded faster (9.7% CAGR vs 7.3%).
AMETEK, Inc. is an American multinational conglomerate and global designer and manufacturer of electronic instruments and electromechanical devices with headquarters in the United States and over 150 sites worldwide.
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.
AME vs NTES — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $4.0B |
| Net Profit | $398.6M | $1.2B |
| Gross Margin | 36.0% | 64.1% |
| Operating Margin | 25.3% | 28.3% |
| Net Margin | 19.9% | 31.0% |
| Revenue YoY | 13.4% | — |
| Net Profit YoY | 2.9% | — |
| EPS (diluted) | $1.73 | — |
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.
| Q4 25 | $2.0B | — | ||
| Q3 25 | $1.9B | $4.0B | ||
| Q2 25 | $1.8B | $3.9B | ||
| Q1 25 | $1.7B | $4.0B | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.7B | $3.7B | ||
| Q2 24 | $1.7B | $3.5B | ||
| Q1 24 | $1.7B | $3.7B |
| Q4 25 | $398.6M | — | ||
| Q3 25 | $371.4M | $1.2B | ||
| Q2 25 | $358.4M | $1.3B | ||
| Q1 25 | $351.8M | $1.5B | ||
| Q4 24 | $387.3M | — | ||
| Q3 24 | $340.2M | $955.7M | ||
| Q2 24 | $337.7M | $939.6M | ||
| Q1 24 | $310.9M | $1.1B |
| Q4 25 | 36.0% | — | ||
| Q3 25 | 36.3% | 64.1% | ||
| Q2 25 | 35.8% | 64.7% | ||
| Q1 25 | 36.1% | 64.1% | ||
| Q4 24 | 36.6% | — | ||
| Q3 24 | 36.0% | 62.9% | ||
| Q2 24 | 36.0% | 62.9% | ||
| Q1 24 | 34.1% | 63.4% |
| Q4 25 | 25.3% | — | ||
| Q3 25 | 25.8% | 28.3% | ||
| Q2 25 | 26.0% | 32.5% | ||
| Q1 25 | 26.3% | 36.2% | ||
| Q4 24 | 26.6% | — | ||
| Q3 24 | 26.1% | 27.3% | ||
| Q2 24 | 25.8% | 27.4% | ||
| Q1 24 | 24.0% | 28.4% |
| Q4 25 | 19.9% | — | ||
| Q3 25 | 19.6% | 31.0% | ||
| Q2 25 | 20.2% | 32.6% | ||
| Q1 25 | 20.3% | 36.6% | ||
| Q4 24 | 22.0% | — | ||
| Q3 24 | 19.9% | 25.6% | ||
| Q2 24 | 19.5% | 26.8% | ||
| Q1 24 | 17.9% | 29.1% |
| Q4 25 | $1.73 | — | ||
| Q3 25 | $1.60 | — | ||
| Q2 25 | $1.55 | — | ||
| Q1 25 | $1.52 | — | ||
| Q4 24 | $1.67 | — | ||
| Q3 24 | $1.47 | — | ||
| Q2 24 | $1.45 | — | ||
| Q1 24 | $1.34 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $458.0M | $31.3B |
| Total DebtLower is stronger | $2.3B | — |
| Stockholders' EquityBook value | $10.6B | $160.8B |
| Total Assets | $16.1B | $214.5B |
| Debt / EquityLower = less leverage | 0.21× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $458.0M | — | ||
| Q3 25 | $439.2M | $31.3B | ||
| Q2 25 | $619.7M | $54.4B | ||
| Q1 25 | $399.0M | $41.7B | ||
| Q4 24 | $374.0M | — | ||
| Q3 24 | $396.3M | $20.2B | ||
| Q2 24 | $396.6M | $19.0B | ||
| Q1 24 | $373.8M | $43.0B |
| Q4 25 | $2.3B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $10.6B | — | ||
| Q3 25 | $10.5B | $160.8B | ||
| Q2 25 | $10.4B | $154.0B | ||
| Q1 25 | $10.0B | $147.8B | ||
| Q4 24 | $9.7B | — | ||
| Q3 24 | $9.6B | $135.6B | ||
| Q2 24 | $9.3B | $134.2B | ||
| Q1 24 | $9.0B | $130.5B |
| Q4 25 | $16.1B | — | ||
| Q3 25 | $16.2B | $214.5B | ||
| Q2 25 | $15.3B | $208.5B | ||
| Q1 25 | $14.9B | $200.9B | ||
| Q4 24 | $14.6B | — | ||
| Q3 24 | $14.8B | $184.9B | ||
| Q2 24 | $14.8B | $183.3B | ||
| Q1 24 | $14.9B | $195.1B |
| Q4 25 | 0.21× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.22× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $584.3M | $1.8B |
| Free Cash FlowOCF − Capex | $527.3M | $1.8B |
| FCF MarginFCF / Revenue | 26.4% | 44.7% |
| Capex IntensityCapex / Revenue | 2.9% | 1.0% |
| Cash ConversionOCF / Net Profit | 1.47× | 1.47× |
| TTM Free Cash FlowTrailing 4 quarters | $1.7B | $6.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $584.3M | — | ||
| Q3 25 | $440.9M | $1.8B | ||
| Q2 25 | $359.1M | $1.5B | ||
| Q1 25 | $417.5M | $1.7B | ||
| Q4 24 | $550.0M | — | ||
| Q3 24 | $487.2M | $1.5B | ||
| Q2 24 | $381.4M | $898.8M | ||
| Q1 24 | $410.2M | $1.3B |
| Q4 25 | $527.3M | — | ||
| Q3 25 | $420.0M | $1.8B | ||
| Q2 25 | $329.8M | $1.5B | ||
| Q1 25 | $394.5M | $1.6B | ||
| Q4 24 | $498.3M | — | ||
| Q3 24 | $460.9M | $1.5B | ||
| Q2 24 | $360.0M | $875.6M | ||
| Q1 24 | $382.6M | $1.3B |
| Q4 25 | 26.4% | — | ||
| Q3 25 | 22.2% | 44.7% | ||
| Q2 25 | 18.5% | 38.3% | ||
| Q1 25 | 22.8% | 40.4% | ||
| Q4 24 | 28.3% | — | ||
| Q3 24 | 27.0% | 38.9% | ||
| Q2 24 | 20.8% | 25.0% | ||
| Q1 24 | 22.0% | 34.0% |
| Q4 25 | 2.9% | — | ||
| Q3 25 | 1.1% | 1.0% | ||
| Q2 25 | 1.6% | 0.7% | ||
| Q1 25 | 1.3% | 1.6% | ||
| Q4 24 | 2.9% | — | ||
| Q3 24 | 1.5% | 1.4% | ||
| Q2 24 | 1.2% | 0.7% | ||
| Q1 24 | 1.6% | 1.5% |
| Q4 25 | 1.47× | — | ||
| Q3 25 | 1.19× | 1.47× | ||
| Q2 25 | 1.00× | 1.20× | ||
| Q1 25 | 1.19× | 1.15× | ||
| Q4 24 | 1.42× | — | ||
| Q3 24 | 1.43× | 1.58× | ||
| Q2 24 | 1.13× | 0.96× | ||
| Q1 24 | 1.32× | 1.22× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AME
| Transferred At Point In Time | $1.1B | 54% |
| Electronic Instruments Group | $620.1M | 31% |
| Transferred Over Time | $294.6M | 15% |
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% |
