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Side-by-side financial comparison of EOG Resources (EOG) and NetEase, Inc. (NTES). Click either name above to swap in a different company.
EOG Resources is the larger business by last-quarter revenue ($5.6B vs $4.0B, roughly 1.4× NetEase, Inc.). NetEase, Inc. runs the higher net margin — 31.0% vs 12.4%, a 18.6% gap on every dollar of revenue. Over the past eight quarters, NetEase, Inc.'s revenue compounded faster (9.7% CAGR vs -4.0%).
EOG Resources, Inc. is an American energy company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in the Heritage Plaza building in Houston, Texas.
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.
EOG vs NTES — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.6B | $4.0B |
| Net Profit | $701.0M | $1.2B |
| Gross Margin | — | 64.1% |
| Operating Margin | 16.7% | 28.3% |
| Net Margin | 12.4% | 31.0% |
| Revenue YoY | 0.9% | — |
| Net Profit YoY | -44.0% | — |
| EPS (diluted) | $1.31 | — |
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 | $5.6B | — | ||
| Q3 25 | $5.8B | $4.0B | ||
| Q2 25 | $5.5B | $3.9B | ||
| Q1 25 | $5.7B | $4.0B | ||
| Q4 24 | $5.6B | — | ||
| Q3 24 | $6.0B | $3.7B | ||
| Q2 24 | $6.0B | $3.5B | ||
| Q1 24 | $6.1B | $3.7B |
| Q4 25 | $701.0M | — | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.3B | $1.3B | ||
| Q1 25 | $1.5B | $1.5B | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.7B | $955.7M | ||
| Q2 24 | $1.7B | $939.6M | ||
| Q1 24 | $1.8B | $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 | 16.7% | — | ||
| Q3 25 | 31.4% | 28.3% | ||
| Q2 25 | 31.9% | 32.5% | ||
| Q1 25 | 32.8% | 36.2% | ||
| Q4 24 | 28.5% | — | ||
| Q3 24 | 35.0% | 27.3% | ||
| Q2 24 | 35.4% | 27.4% | ||
| Q1 24 | 37.1% | 28.4% |
| Q4 25 | 12.4% | — | ||
| Q3 25 | 25.2% | 31.0% | ||
| Q2 25 | 24.6% | 32.6% | ||
| Q1 25 | 25.8% | 36.6% | ||
| Q4 24 | 22.4% | — | ||
| Q3 24 | 28.0% | 25.6% | ||
| Q2 24 | 28.0% | 26.8% | ||
| Q1 24 | 29.2% | 29.1% |
| Q4 25 | $1.31 | — | ||
| Q3 25 | $2.70 | — | ||
| Q2 25 | $2.46 | — | ||
| Q1 25 | $2.65 | — | ||
| Q4 24 | $2.25 | — | ||
| Q3 24 | $2.95 | — | ||
| Q2 24 | $2.95 | — | ||
| Q1 24 | $3.10 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.4B | $31.3B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $29.8B | $160.8B |
| Total Assets | $51.8B | $214.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.4B | — | ||
| Q3 25 | $3.5B | $31.3B | ||
| Q2 25 | $5.2B | $54.4B | ||
| Q1 25 | $6.6B | $41.7B | ||
| Q4 24 | $7.1B | — | ||
| Q3 24 | $6.1B | $20.2B | ||
| Q2 24 | $5.4B | $19.0B | ||
| Q1 24 | $5.3B | $43.0B |
| Q4 25 | $29.8B | — | ||
| Q3 25 | $30.3B | $160.8B | ||
| Q2 25 | $29.2B | $154.0B | ||
| Q1 25 | $29.5B | $147.8B | ||
| Q4 24 | $29.4B | — | ||
| Q3 24 | $29.6B | $135.6B | ||
| Q2 24 | $29.2B | $134.2B | ||
| Q1 24 | $28.6B | $130.5B |
| Q4 25 | $51.8B | — | ||
| Q3 25 | $52.2B | $214.5B | ||
| Q2 25 | $46.3B | $208.5B | ||
| Q1 25 | $47.0B | $200.9B | ||
| Q4 24 | $47.2B | — | ||
| Q3 24 | $46.2B | $184.9B | ||
| Q2 24 | $45.2B | $183.3B | ||
| Q1 24 | $44.8B | $195.1B |
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 | $2.6B | $1.8B |
| Free Cash FlowOCF − Capex | — | $1.8B |
| FCF MarginFCF / Revenue | — | 44.7% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | 3.73× | 1.47× |
| TTM Free Cash FlowTrailing 4 quarters | — | $6.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.6B | — | ||
| Q3 25 | $3.1B | $1.8B | ||
| Q2 25 | $2.0B | $1.5B | ||
| Q1 25 | $2.3B | $1.7B | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $3.6B | $1.5B | ||
| Q2 24 | $2.9B | $898.8M | ||
| Q1 24 | $2.9B | $1.3B |
| Q4 25 | — | — | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $875.6M | ||
| Q1 24 | — | $1.3B |
| Q4 25 | — | — | ||
| Q3 25 | — | 44.7% | ||
| Q2 25 | — | 38.3% | ||
| Q1 25 | — | 40.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 38.9% | ||
| Q2 24 | — | 25.0% | ||
| Q1 24 | — | 34.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.4% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 1.5% |
| Q4 25 | 3.73× | — | ||
| Q3 25 | 2.11× | 1.47× | ||
| Q2 25 | 1.51× | 1.20× | ||
| Q1 25 | 1.56× | 1.15× | ||
| Q4 24 | 2.21× | — | ||
| Q3 24 | 2.14× | 1.58× | ||
| Q2 24 | 1.71× | 0.96× | ||
| Q1 24 | 1.62× | 1.22× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EOG
| Oil And Condensate | $3.0B | 53% |
| Natural Gas Gathering Transportation Marketing And Processing | $1.1B | 20% |
| Natural Gas Production | $847.0M | 15% |
| Natural Gas Liquids Reserves | $666.0M | 12% |
| Other Net | $20.0M | 0% |
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% |
