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Side-by-side financial comparison of Cincinnati Financial (CINF) 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 $2.8B, roughly 1.4× Cincinnati Financial). NetEase, Inc. runs the higher net margin — 31.0% vs 9.6%, a 21.4% gap on every dollar of revenue. Over the past eight quarters, NetEase, Inc.'s revenue compounded faster (9.7% CAGR vs 5.2%).
Cincinnati Financial Corporation offers property and casualty insurance, its main business, through The Cincinnati Insurance Company, The Cincinnati Indemnity Company and The Cincinnati Casualty Company. The company has 1.01% of the domestic property and casualty insurance premiums, which ranks it as the 20th largest insurance company by market share in the U.S.
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.
CINF vs NTES — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.8B | $4.0B |
| Net Profit | $274.0M | $1.2B |
| Gross Margin | — | 64.1% |
| Operating Margin | — | 28.3% |
| Net Margin | 9.6% | 31.0% |
| Revenue YoY | -1.7% | — |
| Net Profit YoY | — | — |
| EPS (diluted) | — | — |
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.
| Q1 26 | $2.8B | — | ||
| Q4 25 | $3.1B | — | ||
| Q3 25 | $3.7B | $4.0B | ||
| Q2 25 | $3.2B | $3.9B | ||
| Q1 25 | $2.6B | $4.0B | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $3.3B | $3.7B | ||
| Q2 24 | $2.5B | $3.5B |
| Q1 26 | $274.0M | — | ||
| Q4 25 | $676.0M | — | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $685.0M | $1.3B | ||
| Q1 25 | $-90.0M | $1.5B | ||
| Q4 24 | $405.0M | — | ||
| Q3 24 | $820.0M | $955.7M | ||
| Q2 24 | $312.0M | $939.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 64.1% | ||
| Q2 25 | — | 64.7% | ||
| Q1 25 | — | 64.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 62.9% | ||
| Q2 24 | — | 62.9% |
| Q1 26 | — | — | ||
| Q4 25 | 27.2% | — | ||
| Q3 25 | 37.9% | 28.3% | ||
| Q2 25 | 26.3% | 32.5% | ||
| Q1 25 | -5.0% | 36.2% | ||
| Q4 24 | 18.9% | — | ||
| Q3 24 | 31.3% | 27.3% | ||
| Q2 24 | 15.2% | 27.4% |
| Q1 26 | 9.6% | — | ||
| Q4 25 | 21.9% | — | ||
| Q3 25 | 30.1% | 31.0% | ||
| Q2 25 | 21.1% | 32.6% | ||
| Q1 25 | -3.5% | 36.6% | ||
| Q4 24 | 16.0% | — | ||
| Q3 24 | 24.7% | 25.6% | ||
| Q2 24 | 12.3% | 26.8% |
| Q1 26 | — | — | ||
| Q4 25 | $4.29 | — | ||
| Q3 25 | $7.11 | — | ||
| Q2 25 | $4.34 | — | ||
| Q1 25 | $-0.57 | — | ||
| Q4 24 | $2.57 | — | ||
| Q3 24 | $5.20 | — | ||
| Q2 24 | $1.98 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.2B | $31.3B |
| Total DebtLower is stronger | $816.0M | — |
| Stockholders' EquityBook value | $15.7B | $160.8B |
| Total Assets | $41.2B | $214.5B |
| Debt / EquityLower = less leverage | 0.05× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.2B | — | ||
| Q4 25 | $148.0M | — | ||
| Q3 25 | $1.6B | $31.3B | ||
| Q2 25 | $1.1B | $54.4B | ||
| Q1 25 | $1.1B | $41.7B | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.8B | $20.2B | ||
| Q2 24 | $771.0M | $19.0B |
| Q1 26 | $816.0M | — | ||
| Q4 25 | $861.0M | — | ||
| Q3 25 | $858.0M | — | ||
| Q2 25 | $859.0M | — | ||
| Q1 25 | $853.0M | — | ||
| Q4 24 | $850.0M | — | ||
| Q3 24 | $849.0M | — | ||
| Q2 24 | $849.0M | — |
| Q1 26 | $15.7B | — | ||
| Q4 25 | $15.9B | — | ||
| Q3 25 | $15.4B | $160.8B | ||
| Q2 25 | $14.3B | $154.0B | ||
| Q1 25 | $13.7B | $147.8B | ||
| Q4 24 | $13.9B | — | ||
| Q3 24 | $13.8B | $135.6B | ||
| Q2 24 | $12.8B | $134.2B |
| Q1 26 | $41.2B | — | ||
| Q4 25 | $41.0B | — | ||
| Q3 25 | $40.6B | $214.5B | ||
| Q2 25 | $38.8B | $208.5B | ||
| Q1 25 | $37.3B | $200.9B | ||
| Q4 24 | $36.5B | — | ||
| Q3 24 | $37.0B | $184.9B | ||
| Q2 24 | $34.8B | $183.3B |
| Q1 26 | 0.05× | — | ||
| Q4 25 | 0.05× | — | ||
| Q3 25 | 0.06× | — | ||
| Q2 25 | 0.06× | — | ||
| Q1 25 | 0.06× | — | ||
| Q4 24 | 0.06× | — | ||
| Q3 24 | 0.06× | — | ||
| Q2 24 | 0.07× | — |
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 | — | $1.8B |
| Free Cash FlowOCF − Capex | — | $1.8B |
| FCF MarginFCF / Revenue | — | 44.7% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | — | 1.47× |
| TTM Free Cash FlowTrailing 4 quarters | — | $6.3B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $947.0M | — | ||
| Q3 25 | $1.1B | $1.8B | ||
| Q2 25 | $741.0M | $1.5B | ||
| Q1 25 | $310.0M | $1.7B | ||
| Q4 24 | $642.0M | — | ||
| Q3 24 | $912.0M | $1.5B | ||
| Q2 24 | $742.0M | $898.8M |
| Q1 26 | — | — | ||
| Q4 25 | $939.0M | — | ||
| Q3 25 | $1.1B | $1.8B | ||
| Q2 25 | $737.0M | $1.5B | ||
| Q1 25 | $307.0M | $1.6B | ||
| Q4 24 | $638.0M | — | ||
| Q3 24 | $906.0M | $1.5B | ||
| Q2 24 | $737.0M | $875.6M |
| Q1 26 | — | — | ||
| Q4 25 | 30.4% | — | ||
| Q3 25 | 29.8% | 44.7% | ||
| Q2 25 | 22.7% | 38.3% | ||
| Q1 25 | 12.0% | 40.4% | ||
| Q4 24 | 25.1% | — | ||
| Q3 24 | 27.3% | 38.9% | ||
| Q2 24 | 29.0% | 25.0% |
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.1% | 1.0% | ||
| Q2 25 | 0.1% | 0.7% | ||
| Q1 25 | 0.1% | 1.6% | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.2% | 1.4% | ||
| Q2 24 | 0.2% | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.40× | — | ||
| Q3 25 | 0.99× | 1.47× | ||
| Q2 25 | 1.08× | 1.20× | ||
| Q1 25 | — | 1.15× | ||
| Q4 24 | 1.59× | — | ||
| Q3 24 | 1.11× | 1.58× | ||
| Q2 24 | 2.38× | 0.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CINF
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% |
