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Side-by-side financial comparison of Edison International (EIX) and NetEase, Inc. (NTES). Click either name above to swap in a different company.
Edison International is the larger business by last-quarter revenue ($5.2B vs $4.0B, roughly 1.3× NetEase, Inc.). Edison International runs the higher net margin — 35.4% vs 31.0%, a 4.4% gap on every dollar of revenue. NetEase, Inc. produced more free cash flow last quarter ($1.8B vs $-319.0M). Over the past eight quarters, Edison International's revenue compounded faster (13.1% CAGR vs 9.7%).
Edison International is a public utility holding company based in Rosemead, California. Its subsidiaries include Southern California Edison, and unregulated non-utility business assets Edison Energy. Edison's roots trace back to Holt & Knupps, a company founded in 1886 as a provider of street lights in Visalia, California.
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.
EIX vs NTES — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.2B | $4.0B |
| Net Profit | $1.8B | $1.2B |
| Gross Margin | — | 64.1% |
| Operating Margin | 52.8% | 28.3% |
| Net Margin | 35.4% | 31.0% |
| Revenue YoY | 30.8% | — |
| Net Profit YoY | 443.5% | — |
| EPS (diluted) | $4.78 | — |
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 | $5.8B | $4.0B | ||
| Q2 25 | $4.5B | $3.9B | ||
| Q1 25 | $3.8B | $4.0B | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $5.2B | $3.7B | ||
| Q2 24 | $4.3B | $3.5B | ||
| Q1 24 | $4.1B | $3.7B |
| Q4 25 | $1.8B | — | ||
| Q3 25 | $832.0M | $1.2B | ||
| Q2 25 | $343.0M | $1.3B | ||
| Q1 25 | $1.4B | $1.5B | ||
| Q4 24 | $340.0M | — | ||
| Q3 24 | $516.0M | $955.7M | ||
| Q2 24 | $439.0M | $939.6M | ||
| Q1 24 | $-11.0M | $1.1B |
| 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 24 | — | 63.4% |
| Q4 25 | 52.8% | — | ||
| Q3 25 | 24.9% | 28.3% | ||
| Q2 25 | 17.1% | 32.5% | ||
| Q1 25 | 56.0% | 36.2% | ||
| Q4 24 | 19.8% | — | ||
| Q3 24 | 19.1% | 27.3% | ||
| Q2 24 | 20.8% | 27.4% | ||
| Q1 24 | 6.0% | 28.4% |
| Q4 25 | 35.4% | — | ||
| Q3 25 | 14.5% | 31.0% | ||
| Q2 25 | 7.6% | 32.6% | ||
| Q1 25 | 37.7% | 36.6% | ||
| Q4 24 | 8.5% | — | ||
| Q3 24 | 9.9% | 25.6% | ||
| Q2 24 | 10.1% | 26.8% | ||
| Q1 24 | -0.3% | 29.1% |
| Q4 25 | $4.78 | — | ||
| Q3 25 | $2.16 | — | ||
| Q2 25 | $0.89 | — | ||
| Q1 25 | $3.72 | — | ||
| Q4 24 | $0.89 | — | ||
| Q3 24 | $1.32 | — | ||
| Q2 24 | $1.13 | — | ||
| Q1 24 | $-0.03 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $158.0M | $31.3B |
| Total DebtLower is stronger | $38.0B | — |
| Stockholders' EquityBook value | $17.6B | $160.8B |
| Total Assets | $94.0B | $214.5B |
| Debt / EquityLower = less leverage | 2.16× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $158.0M | — | ||
| Q3 25 | $364.0M | $31.3B | ||
| Q2 25 | $140.0M | $54.4B | ||
| Q1 25 | $1.3B | $41.7B | ||
| Q4 24 | $193.0M | — | ||
| Q3 24 | $200.0M | $20.2B | ||
| Q2 24 | $465.0M | $19.0B | ||
| Q1 24 | $992.0M | $43.0B |
| Q4 25 | $38.0B | — | ||
| Q3 25 | $36.4B | — | ||
| Q2 25 | $37.7B | — | ||
| Q1 25 | $38.4B | — | ||
| Q4 24 | $35.6B | — | ||
| Q3 24 | $34.9B | — | ||
| Q2 24 | $34.8B | — | ||
| Q1 24 | $34.7B | — |
| Q4 25 | $17.6B | — | ||
| Q3 25 | $17.2B | $160.8B | ||
| Q2 25 | $16.7B | $154.0B | ||
| Q1 25 | $16.6B | $147.8B | ||
| Q4 24 | $15.6B | — | ||
| Q3 24 | $15.7B | $135.6B | ||
| Q2 24 | $15.4B | $134.2B | ||
| Q1 24 | $15.2B | $130.5B |
| Q4 25 | $94.0B | — | ||
| Q3 25 | $90.5B | $214.5B | ||
| Q2 25 | $88.8B | $208.5B | ||
| Q1 25 | $88.4B | $200.9B | ||
| Q4 24 | $85.6B | — | ||
| Q3 24 | $84.7B | $184.9B | ||
| Q2 24 | $84.8B | $183.3B | ||
| Q1 24 | $83.6B | $195.1B |
| Q4 25 | 2.16× | — | ||
| Q3 25 | 2.12× | — | ||
| Q2 25 | 2.26× | — | ||
| Q1 25 | 2.31× | — | ||
| Q4 24 | 2.29× | — | ||
| Q3 24 | 2.23× | — | ||
| Q2 24 | 2.26× | — | ||
| Q1 24 | 2.29× | — |
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 | $1.6B | $1.8B |
| Free Cash FlowOCF − Capex | $-319.0M | $1.8B |
| FCF MarginFCF / Revenue | -6.1% | 44.7% |
| Capex IntensityCapex / Revenue | 36.3% | 1.0% |
| Cash ConversionOCF / Net Profit | 0.85× | 1.47× |
| TTM Free Cash FlowTrailing 4 quarters | $-715.0M | $6.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | — | ||
| Q3 25 | $2.1B | $1.8B | ||
| Q2 25 | $882.0M | $1.5B | ||
| Q1 25 | $1.2B | $1.7B | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $2.5B | $1.5B | ||
| Q2 24 | $329.0M | $898.8M | ||
| Q1 24 | $1.0B | $1.3B |
| Q4 25 | $-319.0M | — | ||
| Q3 25 | $618.0M | $1.8B | ||
| Q2 25 | $-830.0M | $1.5B | ||
| Q1 25 | $-184.0M | $1.6B | ||
| Q4 24 | $-326.0M | — | ||
| Q3 24 | $961.0M | $1.5B | ||
| Q2 24 | $-1.1B | $875.6M | ||
| Q1 24 | $-236.0M | $1.3B |
| Q4 25 | -6.1% | — | ||
| Q3 25 | 10.7% | 44.7% | ||
| Q2 25 | -18.3% | 38.3% | ||
| Q1 25 | -4.8% | 40.4% | ||
| Q4 24 | -8.2% | — | ||
| Q3 24 | 18.5% | 38.9% | ||
| Q2 24 | -25.2% | 25.0% | ||
| Q1 24 | -5.8% | 34.0% |
| Q4 25 | 36.3% | — | ||
| Q3 25 | 26.2% | 1.0% | ||
| Q2 25 | 37.7% | 0.7% | ||
| Q1 25 | 36.9% | 1.6% | ||
| Q4 24 | 37.6% | — | ||
| Q3 24 | 29.1% | 1.4% | ||
| Q2 24 | 32.8% | 0.7% | ||
| Q1 24 | 31.4% | 1.5% |
| Q4 25 | 0.85× | — | ||
| Q3 25 | 2.55× | 1.47× | ||
| Q2 25 | 2.57× | 1.20× | ||
| Q1 25 | 0.85× | 1.15× | ||
| Q4 24 | 3.44× | — | ||
| Q3 24 | 4.79× | 1.58× | ||
| Q2 24 | 0.75× | 0.96× | ||
| Q1 24 | — | 1.22× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EIX
| Commercial | $2.2B | 43% |
| Residential | $1.2B | 23% |
| Other | $966.0M | 19% |
| Other Operating Revenue | $802.0M | 15% |
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% |
