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Side-by-side financial comparison of Aptiv (APTV) and NetEase, Inc. (NTES). Click either name above to swap in a different company.
Aptiv is the larger business by last-quarter revenue ($5.2B vs $4.0B, roughly 1.3× NetEase, Inc.). NetEase, Inc. runs the higher net margin — 31.0% vs 2.7%, a 28.3% gap on every dollar of revenue. NetEase, Inc. produced more free cash flow last quarter ($1.8B vs $651.0M). Over the past eight quarters, NetEase, Inc.'s revenue compounded faster (9.7% CAGR vs 2.5%).
Aptiv PLC is an American automotive technology supplier with headquarters in Schaffhausen, Switzerland. Aptiv grew out of the now-defunct American company, Delphi Automotive Systems, which itself was formerly a component of General Motors.
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.
APTV vs NTES — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.2B | $4.0B |
| Net Profit | $138.0M | $1.2B |
| Gross Margin | 18.7% | 64.1% |
| Operating Margin | 8.2% | 28.3% |
| Net Margin | 2.7% | 31.0% |
| Revenue YoY | 5.0% | — |
| Net Profit YoY | -48.5% | — |
| EPS (diluted) | $0.63 | — |
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 | $5.2B | — | ||
| Q3 25 | $5.2B | $4.0B | ||
| Q2 25 | $5.2B | $3.9B | ||
| Q1 25 | $4.8B | $4.0B | ||
| Q4 24 | $4.9B | — | ||
| Q3 24 | $4.9B | $3.7B | ||
| Q2 24 | $5.1B | $3.5B | ||
| Q1 24 | $4.9B | $3.7B |
| Q4 25 | $138.0M | — | ||
| Q3 25 | $-355.0M | $1.2B | ||
| Q2 25 | $393.0M | $1.3B | ||
| Q1 25 | $-11.0M | $1.5B | ||
| Q4 24 | $268.0M | — | ||
| Q3 24 | $363.0M | $955.7M | ||
| Q2 24 | $938.0M | $939.6M | ||
| Q1 24 | $218.0M | $1.1B |
| Q4 25 | 18.7% | — | ||
| Q3 25 | 19.5% | 64.1% | ||
| Q2 25 | 19.1% | 64.7% | ||
| Q1 25 | 19.1% | 64.1% | ||
| Q4 24 | 19.6% | — | ||
| Q3 24 | 18.6% | 62.9% | ||
| Q2 24 | 19.2% | 62.9% | ||
| Q1 24 | 17.9% | 63.4% |
| Q4 25 | 8.2% | — | ||
| Q3 25 | -3.4% | 28.3% | ||
| Q2 25 | 9.3% | 32.5% | ||
| Q1 25 | 9.3% | 36.2% | ||
| Q4 24 | 9.8% | — | ||
| Q3 24 | 10.4% | 27.3% | ||
| Q2 24 | 8.7% | 27.4% | ||
| Q1 24 | 8.5% | 28.4% |
| Q4 25 | 2.7% | — | ||
| Q3 25 | -6.8% | 31.0% | ||
| Q2 25 | 7.5% | 32.6% | ||
| Q1 25 | -0.2% | 36.6% | ||
| Q4 24 | 5.5% | — | ||
| Q3 24 | 7.5% | 25.6% | ||
| Q2 24 | 18.6% | 26.8% | ||
| Q1 24 | 4.4% | 29.1% |
| Q4 25 | $0.63 | — | ||
| Q3 25 | $-1.63 | — | ||
| Q2 25 | $1.80 | — | ||
| Q1 25 | $-0.05 | — | ||
| Q4 24 | $1.22 | — | ||
| Q3 24 | $1.48 | — | ||
| Q2 24 | $3.47 | — | ||
| Q1 24 | $0.79 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.9B | $31.3B |
| Total DebtLower is stronger | $7.5B | — |
| Stockholders' EquityBook value | $9.2B | $160.8B |
| Total Assets | $23.4B | $214.5B |
| Debt / EquityLower = less leverage | 0.81× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.6B | $31.3B | ||
| Q2 25 | $1.4B | $54.4B | ||
| Q1 25 | $1.1B | $41.7B | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.8B | $20.2B | ||
| Q2 24 | $2.2B | $19.0B | ||
| Q1 24 | $941.0M | $43.0B |
| Q4 25 | $7.5B | — | ||
| Q3 25 | $7.6B | — | ||
| Q2 25 | $7.8B | — | ||
| Q1 25 | $7.6B | — | ||
| Q4 24 | $7.8B | — | ||
| Q3 24 | $8.3B | — | ||
| Q2 24 | $5.5B | — | ||
| Q1 24 | $4.7B | — |
| Q4 25 | $9.2B | — | ||
| Q3 25 | $9.3B | $160.8B | ||
| Q2 25 | $9.7B | $154.0B | ||
| Q1 25 | $9.0B | $147.8B | ||
| Q4 24 | $8.8B | — | ||
| Q3 24 | $8.9B | $135.6B | ||
| Q2 24 | $11.5B | $134.2B | ||
| Q1 24 | $11.1B | $130.5B |
| Q4 25 | $23.4B | — | ||
| Q3 25 | $23.5B | $214.5B | ||
| Q2 25 | $23.9B | $208.5B | ||
| Q1 25 | $23.1B | $200.9B | ||
| Q4 24 | $23.5B | — | ||
| Q3 24 | $24.8B | $184.9B | ||
| Q2 24 | $24.8B | $183.3B | ||
| Q1 24 | $23.6B | $195.1B |
| Q4 25 | 0.81× | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | 0.80× | — | ||
| Q1 25 | 0.85× | — | ||
| Q4 24 | 0.89× | — | ||
| Q3 24 | 0.93× | — | ||
| Q2 24 | 0.48× | — | ||
| Q1 24 | 0.42× | — |
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 | $818.0M | $1.8B |
| Free Cash FlowOCF − Capex | $651.0M | $1.8B |
| FCF MarginFCF / Revenue | 12.6% | 44.7% |
| Capex IntensityCapex / Revenue | 3.2% | 1.0% |
| Cash ConversionOCF / Net Profit | 5.93× | 1.47× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $6.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $818.0M | — | ||
| Q3 25 | $584.0M | $1.8B | ||
| Q2 25 | $510.0M | $1.5B | ||
| Q1 25 | $273.0M | $1.7B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $499.0M | $1.5B | ||
| Q2 24 | $643.0M | $898.8M | ||
| Q1 24 | $244.0M | $1.3B |
| Q4 25 | $651.0M | — | ||
| Q3 25 | $441.0M | $1.8B | ||
| Q2 25 | $361.0M | $1.5B | ||
| Q1 25 | $76.0M | $1.6B | ||
| Q4 24 | $894.0M | — | ||
| Q3 24 | $326.0M | $1.5B | ||
| Q2 24 | $417.0M | $875.6M | ||
| Q1 24 | $-21.0M | $1.3B |
| Q4 25 | 12.6% | — | ||
| Q3 25 | 8.5% | 44.7% | ||
| Q2 25 | 6.9% | 38.3% | ||
| Q1 25 | 1.6% | 40.4% | ||
| Q4 24 | 18.2% | — | ||
| Q3 24 | 6.7% | 38.9% | ||
| Q2 24 | 8.3% | 25.0% | ||
| Q1 24 | -0.4% | 34.0% |
| Q4 25 | 3.2% | — | ||
| Q3 25 | 2.7% | 1.0% | ||
| Q2 25 | 2.9% | 0.7% | ||
| Q1 25 | 4.1% | 1.6% | ||
| Q4 24 | 3.4% | — | ||
| Q3 24 | 3.6% | 1.4% | ||
| Q2 24 | 4.5% | 0.7% | ||
| Q1 24 | 5.4% | 1.5% |
| Q4 25 | 5.93× | — | ||
| Q3 25 | — | 1.47× | ||
| Q2 25 | 1.30× | 1.20× | ||
| Q1 25 | — | 1.15× | ||
| Q4 24 | 3.96× | — | ||
| Q3 24 | 1.37× | 1.58× | ||
| Q2 24 | 0.69× | 0.96× | ||
| Q1 24 | 1.12× | 1.22× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APTV
| Electrical Distribution Systems | $2.3B | 45% |
| Engineered Components Group | $1.4B | 28% |
| Active Safety | $716.0M | 14% |
| User Experience And Other | $564.0M | 11% |
| Smart Vehicle Compute And Software | $154.0M | 3% |
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% |
