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Side-by-side financial comparison of First American Financial Corp (FAF) 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 $2.0B, roughly 1.9× First American Financial Corp). NetEase, Inc. runs the higher net margin — 31.0% vs 10.3%, a 20.7% gap on every dollar of revenue. NetEase, Inc. produced more free cash flow last quarter ($1.8B vs $324.5M). Over the past eight quarters, First American Financial Corp's revenue compounded faster (19.9% CAGR vs 9.7%).
First American Financial Corporation is an American financial services company which provides title insurance and settlement services to the real estate and mortgage industries.
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.
FAF vs NTES — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $4.0B |
| Net Profit | $211.9M | $1.2B |
| Gross Margin | — | 64.1% |
| Operating Margin | 14.0% | 28.3% |
| Net Margin | 10.3% | 31.0% |
| Revenue YoY | 21.6% | — |
| Net Profit YoY | 192.7% | — |
| EPS (diluted) | $2.04 | — |
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 | $2.0B | — | ||
| Q3 25 | $2.0B | $4.0B | ||
| Q2 25 | $1.8B | $3.9B | ||
| Q1 25 | $1.6B | $4.0B | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.4B | $3.7B | ||
| Q2 24 | $1.6B | $3.5B | ||
| Q1 24 | $1.4B | $3.7B |
| Q4 25 | $211.9M | — | ||
| Q3 25 | $189.6M | $1.2B | ||
| Q2 25 | $146.1M | $1.3B | ||
| Q1 25 | $74.2M | $1.5B | ||
| Q4 24 | $72.4M | — | ||
| Q3 24 | $-104.0M | $955.7M | ||
| Q2 24 | $116.0M | $939.6M | ||
| Q1 24 | $46.7M | $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 | 14.0% | — | ||
| Q3 25 | 12.5% | 28.3% | ||
| Q2 25 | 10.6% | 32.5% | ||
| Q1 25 | 6.1% | 36.2% | ||
| Q4 24 | 5.9% | — | ||
| Q3 24 | -10.3% | 27.3% | ||
| Q2 24 | 9.4% | 27.4% | ||
| Q1 24 | 4.1% | 28.4% |
| Q4 25 | 10.3% | — | ||
| Q3 25 | 9.6% | 31.0% | ||
| Q2 25 | 7.9% | 32.6% | ||
| Q1 25 | 4.7% | 36.6% | ||
| Q4 24 | 4.3% | — | ||
| Q3 24 | -7.4% | 25.6% | ||
| Q2 24 | 7.2% | 26.8% | ||
| Q1 24 | 3.3% | 29.1% |
| Q4 25 | $2.04 | — | ||
| Q3 25 | $1.84 | — | ||
| Q2 25 | $1.41 | — | ||
| Q1 25 | $0.71 | — | ||
| Q4 24 | $0.70 | — | ||
| Q3 24 | $-1.00 | — | ||
| Q2 24 | $1.11 | — | ||
| Q1 24 | $0.45 | — |
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 | — | — |
| Stockholders' EquityBook value | $5.5B | $160.8B |
| Total Assets | $16.2B | $214.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | — | ||
| Q3 25 | $2.9B | $31.3B | ||
| Q2 25 | $2.0B | $54.4B | ||
| Q1 25 | $2.0B | $41.7B | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $3.0B | $20.2B | ||
| Q2 24 | $2.0B | $19.0B | ||
| Q1 24 | $1.5B | $43.0B |
| Q4 25 | $5.5B | — | ||
| Q3 25 | $5.3B | $160.8B | ||
| Q2 25 | $5.1B | $154.0B | ||
| Q1 25 | $5.0B | $147.8B | ||
| Q4 24 | $4.9B | — | ||
| Q3 24 | $5.1B | $135.6B | ||
| Q2 24 | $4.8B | $134.2B | ||
| Q1 24 | $4.8B | $130.5B |
| Q4 25 | $16.2B | — | ||
| Q3 25 | $17.6B | $214.5B | ||
| Q2 25 | $16.3B | $208.5B | ||
| Q1 25 | $15.5B | $200.9B | ||
| Q4 24 | $14.9B | — | ||
| Q3 24 | $16.6B | $184.9B | ||
| Q2 24 | $15.2B | $183.3B | ||
| Q1 24 | $14.7B | $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 | $369.3M | $1.8B |
| Free Cash FlowOCF − Capex | $324.5M | $1.8B |
| FCF MarginFCF / Revenue | 15.8% | 44.7% |
| Capex IntensityCapex / Revenue | 2.2% | 1.0% |
| Cash ConversionOCF / Net Profit | 1.74× | 1.47× |
| TTM Free Cash FlowTrailing 4 quarters | $762.5M | $6.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $369.3M | — | ||
| Q3 25 | $272.5M | $1.8B | ||
| Q2 25 | $361.8M | $1.5B | ||
| Q1 25 | $-52.8M | $1.7B | ||
| Q4 24 | $324.6M | — | ||
| Q3 24 | $236.9M | $1.5B | ||
| Q2 24 | $266.7M | $898.8M | ||
| Q1 24 | $69.3M | $1.3B |
| Q4 25 | $324.5M | — | ||
| Q3 25 | $223.1M | $1.8B | ||
| Q2 25 | $309.4M | $1.5B | ||
| Q1 25 | $-94.5M | $1.6B | ||
| Q4 24 | $266.2M | — | ||
| Q3 24 | $185.4M | $1.5B | ||
| Q2 24 | $210.0M | $875.6M | ||
| Q1 24 | $17.6M | $1.3B |
| Q4 25 | 15.8% | — | ||
| Q3 25 | 11.3% | 44.7% | ||
| Q2 25 | 16.8% | 38.3% | ||
| Q1 25 | -6.0% | 40.4% | ||
| Q4 24 | 15.8% | — | ||
| Q3 24 | 13.2% | 38.9% | ||
| Q2 24 | 13.0% | 25.0% | ||
| Q1 24 | 1.2% | 34.0% |
| Q4 25 | 2.2% | — | ||
| Q3 25 | 2.5% | 1.0% | ||
| Q2 25 | 2.8% | 0.7% | ||
| Q1 25 | 2.6% | 1.6% | ||
| Q4 24 | 3.5% | — | ||
| Q3 24 | 3.7% | 1.4% | ||
| Q2 24 | 3.5% | 0.7% | ||
| Q1 24 | 3.6% | 1.5% |
| Q4 25 | 1.74× | — | ||
| Q3 25 | 1.44× | 1.47× | ||
| Q2 25 | 2.48× | 1.20× | ||
| Q1 25 | -0.71× | 1.15× | ||
| Q4 24 | 4.48× | — | ||
| Q3 24 | — | 1.58× | ||
| Q2 24 | 2.30× | 0.96× | ||
| Q1 24 | 1.48× | 1.22× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FAF
| Title Insurance And Services | $1.9B | 94% |
| Home Warranty | $110.3M | 5% |
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% |
