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Side-by-side financial comparison of Celanese Corp (CE) 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 $2.2B, roughly 1.8× Celanese Corp). NetEase, Inc. runs the higher net margin — 31.0% vs 0.6%, a 30.4% gap on every dollar of revenue. NetEase, Inc. produced more free cash flow last quarter ($1.8B vs $168.0M). Over the past eight quarters, NetEase, Inc.'s revenue compounded faster (9.7% CAGR vs -8.1%).
Celanese Corporation, formerly known as Hoechst Celanese, is an American technology and specialty materials company headquartered in Irving, Texas. It is a Fortune 500 corporation. The company is the world's leading producer of acetic acid, producing about 1.95 million tonnes per year, representing approximately 20% of global production. Celanese is also the world's largest producer of vinyl acetate monomer (VAM).
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.
CE vs NTES — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.2B | $4.0B |
| Net Profit | $14.0M | $1.2B |
| Gross Margin | 19.1% | 64.1% |
| Operating Margin | 4.0% | 28.3% |
| Net Margin | 0.6% | 31.0% |
| Revenue YoY | -7.0% | — |
| Net Profit YoY | 100.7% | — |
| EPS (diluted) | $0.13 | — |
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 | $2.2B | — | ||
| Q3 25 | $2.4B | $4.0B | ||
| Q2 25 | $2.5B | $3.9B | ||
| Q1 25 | $2.4B | $4.0B | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.6B | $3.7B | ||
| Q2 24 | $2.7B | $3.5B | ||
| Q1 24 | $2.6B | $3.7B |
| Q4 25 | $14.0M | — | ||
| Q3 25 | $-1.4B | $1.2B | ||
| Q2 25 | $199.0M | $1.3B | ||
| Q1 25 | $-21.0M | $1.5B | ||
| Q4 24 | $-1.9B | — | ||
| Q3 24 | $116.0M | $955.7M | ||
| Q2 24 | $155.0M | $939.6M | ||
| Q1 24 | $121.0M | $1.1B |
| Q4 25 | 19.1% | — | ||
| Q3 25 | 21.5% | 64.1% | ||
| Q2 25 | 21.1% | 64.7% | ||
| Q1 25 | 19.9% | 64.1% | ||
| Q4 24 | 22.7% | — | ||
| Q3 24 | 23.5% | 62.9% | ||
| Q2 24 | 24.2% | 62.9% | ||
| Q1 24 | 21.2% | 63.4% |
| Q4 25 | 4.0% | — | ||
| Q3 25 | -52.7% | 28.3% | ||
| Q2 25 | 9.2% | 32.5% | ||
| Q1 25 | 7.0% | 36.2% | ||
| Q4 24 | -59.3% | — | ||
| Q3 24 | 9.4% | 27.3% | ||
| Q2 24 | 9.4% | 27.4% | ||
| Q1 24 | 8.0% | 28.4% |
| Q4 25 | 0.6% | — | ||
| Q3 25 | -56.1% | 31.0% | ||
| Q2 25 | 7.9% | 32.6% | ||
| Q1 25 | -0.9% | 36.6% | ||
| Q4 24 | -80.8% | — | ||
| Q3 24 | 4.4% | 25.6% | ||
| Q2 24 | 5.8% | 26.8% | ||
| Q1 24 | 4.6% | 29.1% |
| Q4 25 | $0.13 | — | ||
| Q3 25 | $-12.39 | — | ||
| Q2 25 | $1.81 | — | ||
| Q1 25 | $-0.19 | — | ||
| Q4 24 | $-17.50 | — | ||
| Q3 24 | $1.06 | — | ||
| Q2 24 | $1.41 | — | ||
| Q1 24 | $1.10 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $31.3B |
| Total DebtLower is stronger | $11.4B | — |
| Stockholders' EquityBook value | $4.0B | $160.8B |
| Total Assets | $21.7B | $214.5B |
| Debt / EquityLower = less leverage | 2.81× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | $31.3B | ||
| Q2 25 | — | $54.4B | ||
| Q1 25 | — | $41.7B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $20.2B | ||
| Q2 24 | — | $19.0B | ||
| Q1 24 | — | $43.0B |
| Q4 25 | $11.4B | — | ||
| Q3 25 | $11.7B | — | ||
| Q2 25 | $12.7B | — | ||
| Q1 25 | $12.4B | — | ||
| Q4 24 | $11.1B | — | ||
| Q3 24 | $11.3B | — | ||
| Q2 24 | $11.1B | — | ||
| Q1 24 | $11.0B | — |
| Q4 25 | $4.0B | — | ||
| Q3 25 | $4.0B | $160.8B | ||
| Q2 25 | $5.3B | $154.0B | ||
| Q1 25 | $5.2B | $147.8B | ||
| Q4 24 | $5.2B | — | ||
| Q3 24 | $7.3B | $135.6B | ||
| Q2 24 | $7.2B | $134.2B | ||
| Q1 24 | $7.1B | $130.5B |
| Q4 25 | $21.7B | — | ||
| Q3 25 | $22.2B | $214.5B | ||
| Q2 25 | $23.7B | $208.5B | ||
| Q1 25 | $23.2B | $200.9B | ||
| Q4 24 | $22.9B | — | ||
| Q3 24 | $25.9B | $184.9B | ||
| Q2 24 | $25.8B | $183.3B | ||
| Q1 24 | $26.0B | $195.1B |
| Q4 25 | 2.81× | — | ||
| Q3 25 | 2.95× | — | ||
| Q2 25 | 2.41× | — | ||
| Q1 25 | 2.39× | — | ||
| Q4 24 | 2.14× | — | ||
| Q3 24 | 1.56× | — | ||
| Q2 24 | 1.54× | — | ||
| Q1 24 | 1.56× | — |
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 | $252.0M | $1.8B |
| Free Cash FlowOCF − Capex | $168.0M | $1.8B |
| FCF MarginFCF / Revenue | 7.6% | 44.7% |
| Capex IntensityCapex / Revenue | 3.8% | 1.0% |
| Cash ConversionOCF / Net Profit | 18.00× | 1.47× |
| TTM Free Cash FlowTrailing 4 quarters | $803.0M | $6.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $252.0M | — | ||
| Q3 25 | $447.0M | $1.8B | ||
| Q2 25 | $410.0M | $1.5B | ||
| Q1 25 | $37.0M | $1.7B | ||
| Q4 24 | $494.0M | — | ||
| Q3 24 | $79.0M | $1.5B | ||
| Q2 24 | $292.0M | $898.8M | ||
| Q1 24 | $101.0M | $1.3B |
| Q4 25 | $168.0M | — | ||
| Q3 25 | $383.0M | $1.8B | ||
| Q2 25 | $317.0M | $1.5B | ||
| Q1 25 | $-65.0M | $1.6B | ||
| Q4 24 | $389.0M | — | ||
| Q3 24 | $-9.0M | $1.5B | ||
| Q2 24 | $187.0M | $875.6M | ||
| Q1 24 | $-36.0M | $1.3B |
| Q4 25 | 7.6% | — | ||
| Q3 25 | 15.8% | 44.7% | ||
| Q2 25 | 12.5% | 38.3% | ||
| Q1 25 | -2.7% | 40.4% | ||
| Q4 24 | 16.4% | — | ||
| Q3 24 | -0.3% | 38.9% | ||
| Q2 24 | 7.1% | 25.0% | ||
| Q1 24 | -1.4% | 34.0% |
| Q4 25 | 3.8% | — | ||
| Q3 25 | 2.6% | 1.0% | ||
| Q2 25 | 3.7% | 0.7% | ||
| Q1 25 | 4.3% | 1.6% | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | 3.3% | 1.4% | ||
| Q2 24 | 4.0% | 0.7% | ||
| Q1 24 | 5.2% | 1.5% |
| Q4 25 | 18.00× | — | ||
| Q3 25 | — | 1.47× | ||
| Q2 25 | 2.06× | 1.20× | ||
| Q1 25 | — | 1.15× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.68× | 1.58× | ||
| Q2 24 | 1.88× | 0.96× | ||
| Q1 24 | 0.83× | 1.22× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CE
| Engineered Materials | $1.3B | 58% |
| Acetyl Chain | $940.0M | 43% |
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% |
