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Side-by-side financial comparison of AUTONATION, INC. (AN) and NetEase, Inc. (NTES). Click either name above to swap in a different company.

AUTONATION, INC. is the larger business by last-quarter revenue ($6.9B vs $4.0B, roughly 1.7× NetEase, Inc.). NetEase, Inc. runs the higher net margin — 31.0% vs 2.5%, a 28.5% gap on every dollar of revenue. NetEase, Inc. produced more free cash flow last quarter ($1.8B vs $64.2M). Over the past eight quarters, NetEase, Inc.'s revenue compounded faster (9.7% CAGR vs 3.4%).

AutoNation, Inc. is an American automotive retailer based in Fort Lauderdale, Florida, which provides new and pre-owned vehicles and associated services in the United States. The company was founded by Wayne Huizenga in 1996, starting with twelve AutoNation locations, and now has more than 300 retail outlets.

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.

AN vs NTES — Head-to-Head

Bigger by revenue
AN
AN
1.7× larger
AN
$6.9B
$4.0B
NTES
Higher net margin
NTES
NTES
28.5% more per $
NTES
31.0%
2.5%
AN
More free cash flow
NTES
NTES
$1.7B more FCF
NTES
$1.8B
$64.2M
AN
Faster 2-yr revenue CAGR
NTES
NTES
Annualised
NTES
9.7%
3.4%
AN

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
AN
AN
NTES
NTES
Revenue
$6.9B
$4.0B
Net Profit
$172.1M
$1.2B
Gross Margin
17.5%
64.1%
Operating Margin
4.5%
28.3%
Net Margin
2.5%
31.0%
Revenue YoY
-3.9%
Net Profit YoY
-7.5%
EPS (diluted)
$4.68

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.

Revenue
AN
AN
NTES
NTES
Q4 25
$6.9B
Q3 25
$7.0B
$4.0B
Q2 25
$7.0B
$3.9B
Q1 25
$6.7B
$4.0B
Q4 24
$7.2B
Q3 24
$6.6B
$3.7B
Q2 24
$6.5B
$3.5B
Q1 24
$6.5B
$3.7B
Net Profit
AN
AN
NTES
NTES
Q4 25
$172.1M
Q3 25
$215.1M
$1.2B
Q2 25
$86.4M
$1.3B
Q1 25
$175.5M
$1.5B
Q4 24
$186.1M
Q3 24
$185.8M
$955.7M
Q2 24
$130.2M
$939.6M
Q1 24
$190.1M
$1.1B
Gross Margin
AN
AN
NTES
NTES
Q4 25
17.5%
Q3 25
17.6%
64.1%
Q2 25
18.3%
64.7%
Q1 25
18.2%
64.1%
Q4 24
17.2%
Q3 24
18.0%
62.9%
Q2 24
17.9%
62.9%
Q1 24
18.5%
63.4%
Operating Margin
AN
AN
NTES
NTES
Q4 25
4.5%
Q3 25
5.3%
28.3%
Q2 25
3.1%
32.5%
Q1 25
5.0%
36.2%
Q4 24
4.7%
Q3 24
5.3%
27.3%
Q2 24
4.2%
27.4%
Q1 24
5.2%
28.4%
Net Margin
AN
AN
NTES
NTES
Q4 25
2.5%
Q3 25
3.1%
31.0%
Q2 25
1.2%
32.6%
Q1 25
2.6%
36.6%
Q4 24
2.6%
Q3 24
2.8%
25.6%
Q2 24
2.0%
26.8%
Q1 24
2.9%
29.1%
EPS (diluted)
AN
AN
NTES
NTES
Q4 25
$4.68
Q3 25
$5.65
Q2 25
$2.26
Q1 25
$4.45
Q4 24
$4.62
Q3 24
$4.61
Q2 24
$3.20
Q1 24
$4.49

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AN
AN
NTES
NTES
Cash + ST InvestmentsLiquidity on hand
$58.6M
$31.3B
Total DebtLower is stronger
$3.7B
Stockholders' EquityBook value
$2.3B
$160.8B
Total Assets
$14.4B
$214.5B
Debt / EquityLower = less leverage
1.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AN
AN
NTES
NTES
Q4 25
$58.6M
Q3 25
$97.6M
$31.3B
Q2 25
$62.9M
$54.4B
Q1 25
$70.5M
$41.7B
Q4 24
$59.8M
Q3 24
$60.2M
$20.2B
Q2 24
$85.9M
$19.0B
Q1 24
$60.3M
$43.0B
Total Debt
AN
AN
NTES
NTES
Q4 25
$3.7B
Q3 25
Q2 25
Q1 25
$3.1B
Q4 24
$2.6B
Q3 24
$3.1B
Q2 24
$3.1B
Q1 24
$3.1B
Stockholders' Equity
AN
AN
NTES
NTES
Q4 25
$2.3B
Q3 25
$2.5B
$160.8B
Q2 25
$2.5B
$154.0B
Q1 25
$2.4B
$147.8B
Q4 24
$2.5B
Q3 24
$2.4B
$135.6B
Q2 24
$2.2B
$134.2B
Q1 24
$2.4B
$130.5B
Total Assets
AN
AN
NTES
NTES
Q4 25
$14.4B
Q3 25
$14.2B
$214.5B
Q2 25
$13.6B
$208.5B
Q1 25
$13.3B
$200.9B
Q4 24
$13.0B
Q3 24
$12.9B
$184.9B
Q2 24
$12.8B
$183.3B
Q1 24
$12.0B
$195.1B
Debt / Equity
AN
AN
NTES
NTES
Q4 25
1.58×
Q3 25
Q2 25
Q1 25
1.29×
Q4 24
1.06×
Q3 24
1.32×
Q2 24
1.43×
Q1 24
1.32×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AN
AN
NTES
NTES
Operating Cash FlowLast quarter
$150.5M
$1.8B
Free Cash FlowOCF − Capex
$64.2M
$1.8B
FCF MarginFCF / Revenue
0.9%
44.7%
Capex IntensityCapex / Revenue
1.2%
1.0%
Cash ConversionOCF / Net Profit
0.87×
1.47×
TTM Free Cash FlowTrailing 4 quarters
$-197.5M
$6.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AN
AN
NTES
NTES
Q4 25
$150.5M
Q3 25
$191.7M
$1.8B
Q2 25
$-177.8M
$1.5B
Q1 25
$-52.5M
$1.7B
Q4 24
$149.8M
Q3 24
$-70.0M
$1.5B
Q2 24
$-59.6M
$898.8M
Q1 24
$294.5M
$1.3B
Free Cash Flow
AN
AN
NTES
NTES
Q4 25
$64.2M
Q3 25
$122.8M
$1.8B
Q2 25
$-256.8M
$1.5B
Q1 25
$-127.7M
$1.6B
Q4 24
$83.5M
Q3 24
$-151.0M
$1.5B
Q2 24
$-147.1M
$875.6M
Q1 24
$200.8M
$1.3B
FCF Margin
AN
AN
NTES
NTES
Q4 25
0.9%
Q3 25
1.7%
44.7%
Q2 25
-3.7%
38.3%
Q1 25
-1.9%
40.4%
Q4 24
1.2%
Q3 24
-2.3%
38.9%
Q2 24
-2.3%
25.0%
Q1 24
3.1%
34.0%
Capex Intensity
AN
AN
NTES
NTES
Q4 25
1.2%
Q3 25
1.0%
1.0%
Q2 25
1.1%
0.7%
Q1 25
1.1%
1.6%
Q4 24
0.9%
Q3 24
1.2%
1.4%
Q2 24
1.4%
0.7%
Q1 24
1.4%
1.5%
Cash Conversion
AN
AN
NTES
NTES
Q4 25
0.87×
Q3 25
0.89×
1.47×
Q2 25
-2.06×
1.20×
Q1 25
-0.30×
1.15×
Q4 24
0.80×
Q3 24
-0.38×
1.58×
Q2 24
-0.46×
0.96×
Q1 24
1.55×
1.22×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AN
AN

New Vehicle$3.4B50%
Transferred At Point In Time$1.7B24%
Parts And Service$1.2B18%
Finance And Insurance Net$369.4M5%
Transferred Over Time$221.4M3%
Other$3.5M0%

NTES
NTES

Games and related value-added services$3.3B82%
NetEase Cloud Music$275.9M7%
Youdao$228.8M6%
Innovative businesses and others$202.1M5%

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