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Side-by-side financial comparison of Brightstar Lottery PLC (BRSL) 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 $2.5B, roughly 1.6× Brightstar Lottery PLC). NetEase, Inc. runs the higher net margin — 31.0% vs 5.9%, a 25.2% gap on every dollar of revenue. NetEase, Inc. produced more free cash flow last quarter ($1.8B vs $-415.0M).
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.
BRSL vs NTES — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.5B | $4.0B |
| Net Profit | $147.0M | $1.2B |
| Gross Margin | — | 64.1% |
| Operating Margin | 11.9% | 28.3% |
| Net Margin | 5.9% | 31.0% |
| Revenue YoY | — | — |
| Net Profit YoY | — | — |
| EPS (diluted) | $0.74 | — |
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 | $2.5B | — | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $3.9B | ||
| Q1 25 | — | $4.0B | ||
| Q3 24 | — | $3.7B | ||
| Q2 24 | — | $3.5B | ||
| Q1 24 | — | $3.7B | ||
| Q4 23 | $2.5B | — |
| Q4 25 | $147.0M | — | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.5B | ||
| Q3 24 | — | $955.7M | ||
| Q2 24 | — | $939.6M | ||
| Q1 24 | — | $1.1B | ||
| Q4 23 | $156.0M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 64.1% | ||
| Q2 25 | — | 64.7% | ||
| Q1 25 | — | 64.1% | ||
| Q3 24 | — | 62.9% | ||
| Q2 24 | — | 62.9% | ||
| Q1 24 | — | 63.4% | ||
| Q4 23 | — | — |
| Q4 25 | 11.9% | — | ||
| Q3 25 | — | 28.3% | ||
| Q2 25 | — | 32.5% | ||
| Q1 25 | — | 36.2% | ||
| Q3 24 | — | 27.3% | ||
| Q2 24 | — | 27.4% | ||
| Q1 24 | — | 28.4% | ||
| Q4 23 | 29.7% | — |
| Q4 25 | 5.9% | — | ||
| Q3 25 | — | 31.0% | ||
| Q2 25 | — | 32.6% | ||
| Q1 25 | — | 36.6% | ||
| Q3 24 | — | 25.6% | ||
| Q2 24 | — | 26.8% | ||
| Q1 24 | — | 29.1% | ||
| Q4 23 | 6.2% | — |
| Q4 25 | $0.74 | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | $0.77 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.4B | $31.3B |
| Total DebtLower is stronger | $4.1B | — |
| Stockholders' EquityBook value | $875.0M | $160.8B |
| Total Assets | $9.2B | $214.5B |
| Debt / EquityLower = less leverage | 4.64× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | — | ||
| Q3 25 | — | $31.3B | ||
| Q2 25 | — | $54.4B | ||
| Q1 25 | — | $41.7B | ||
| Q3 24 | — | $20.2B | ||
| Q2 24 | — | $19.0B | ||
| Q1 24 | — | $43.0B | ||
| Q4 23 | $508.0M | — |
| Q4 25 | $4.1B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | $5.7B | — |
| Q4 25 | $875.0M | — | ||
| Q3 25 | — | $160.8B | ||
| Q2 25 | — | $154.0B | ||
| Q1 25 | — | $147.8B | ||
| Q3 24 | — | $135.6B | ||
| Q2 24 | — | $134.2B | ||
| Q1 24 | — | $130.5B | ||
| Q4 23 | $1.4B | — |
| Q4 25 | $9.2B | — | ||
| Q3 25 | — | $214.5B | ||
| Q2 25 | — | $208.5B | ||
| Q1 25 | — | $200.9B | ||
| Q3 24 | — | $184.9B | ||
| Q2 24 | — | $183.3B | ||
| Q1 24 | — | $195.1B | ||
| Q4 23 | $10.5B | — |
| Q4 25 | 4.64× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | 3.92× | — |
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 | $-99.0M | $1.8B |
| Free Cash FlowOCF − Capex | $-415.0M | $1.8B |
| FCF MarginFCF / Revenue | -16.5% | 44.7% |
| Capex IntensityCapex / Revenue | 12.6% | 1.0% |
| Cash ConversionOCF / Net Profit | -0.67× | 1.47× |
| TTM Free Cash FlowTrailing 4 quarters | — | $6.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-99.0M | — | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.7B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $898.8M | ||
| Q1 24 | — | $1.3B | ||
| Q4 23 | $1.0B | — |
| Q4 25 | $-415.0M | — | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.6B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $875.6M | ||
| Q1 24 | — | $1.3B | ||
| Q4 23 | $865.0M | — |
| Q4 25 | -16.5% | — | ||
| Q3 25 | — | 44.7% | ||
| Q2 25 | — | 38.3% | ||
| Q1 25 | — | 40.4% | ||
| Q3 24 | — | 38.9% | ||
| Q2 24 | — | 25.0% | ||
| Q1 24 | — | 34.0% | ||
| Q4 23 | 34.2% | — |
| Q4 25 | 12.6% | — | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 1.6% | ||
| Q3 24 | — | 1.4% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 1.5% | ||
| Q4 23 | 5.8% | — |
| Q4 25 | -0.67× | — | ||
| Q3 25 | — | 1.47× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | 1.15× | ||
| Q3 24 | — | 1.58× | ||
| Q2 24 | — | 0.96× | ||
| Q1 24 | — | 1.22× | ||
| Q4 23 | 6.49× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BRSL
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% |
