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Side-by-side financial comparison of Gen Digital (GEN) 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 $1.2B, roughly 3.2× Gen Digital). NetEase, Inc. runs the higher net margin — 31.0% vs 15.5%, a 15.5% gap on every dollar of revenue. Over the past eight quarters, Gen Digital's revenue compounded faster (13.4% CAGR vs 9.7%).
Gen Digital Inc. is a multinational software company co-headquartered in both Tempe, Arizona (USA) and Prague, Czech Republic (EU). The company provides cybersecurity software, financial technology, and services. Gen is a Fortune 500 company and a member of the S&P 500 stock-market index. It is listed at both NASDAQ and Prague Stock Exchange. Its portfolio includes Norton, Avast, LifeLock, Avira, AVG, ReputationDefender, MoneyLion and CCleaner.
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.
GEN vs NTES — Head-to-Head
Income Statement — Q1 2026 vs Q3 2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $4.0B |
| Net Profit | $192.0M | $1.2B |
| Gross Margin | 78.4% | 64.1% |
| Operating Margin | 34.9% | 28.3% |
| Net Margin | 15.5% | 31.0% |
| Revenue YoY | 28.5% | — |
| Net Profit YoY | 6.1% | — |
| EPS (diluted) | $0.31 | — |
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.
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.3B | $4.0B | ||
| Q2 25 | — | $3.9B | ||
| Q1 25 | $1.0B | $4.0B | ||
| Q4 24 | $986.0M | — | ||
| Q3 24 | $974.0M | $3.7B | ||
| Q2 24 | $965.0M | $3.5B |
| Q1 26 | $192.0M | — | ||
| Q4 25 | $134.0M | — | ||
| Q3 25 | $135.0M | $1.2B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | $142.0M | $1.5B | ||
| Q4 24 | $159.0M | — | ||
| Q3 24 | $161.0M | $955.7M | ||
| Q2 24 | $181.0M | $939.6M |
| Q1 26 | 78.4% | — | ||
| Q4 25 | 78.2% | — | ||
| Q3 25 | 78.8% | 64.1% | ||
| Q2 25 | — | 64.7% | ||
| Q1 25 | 80.3% | 64.1% | ||
| Q4 24 | 80.4% | — | ||
| Q3 24 | 80.1% | 62.9% | ||
| Q2 24 | 80.3% | 62.9% |
| Q1 26 | 34.9% | — | ||
| Q4 25 | 35.9% | — | ||
| Q3 25 | 35.5% | 28.3% | ||
| Q2 25 | — | 32.5% | ||
| Q1 25 | 41.3% | 36.2% | ||
| Q4 24 | 37.9% | — | ||
| Q3 24 | 41.3% | 27.3% | ||
| Q2 24 | 43.2% | 27.4% |
| Q1 26 | 15.5% | — | ||
| Q4 25 | 11.0% | — | ||
| Q3 25 | 10.7% | 31.0% | ||
| Q2 25 | — | 32.6% | ||
| Q1 25 | 14.1% | 36.6% | ||
| Q4 24 | 16.1% | — | ||
| Q3 24 | 16.5% | 25.6% | ||
| Q2 24 | 18.8% | 26.8% |
| Q1 26 | $0.31 | — | ||
| Q4 25 | $0.21 | — | ||
| Q3 25 | $0.22 | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $0.22 | — | ||
| Q4 24 | $0.26 | — | ||
| Q3 24 | $0.26 | — | ||
| Q2 24 | $0.29 | — |
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 | $8.4B | — |
| Stockholders' EquityBook value | $2.3B | $160.8B |
| Total Assets | $15.8B | $214.5B |
| Debt / EquityLower = less leverage | 3.61× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $31.3B | ||
| Q2 25 | — | $54.4B | ||
| Q1 25 | $1.0B | $41.7B | ||
| Q4 24 | $883.0M | — | ||
| Q3 24 | $737.0M | $20.2B | ||
| Q2 24 | $644.0M | $19.0B |
| Q1 26 | $8.4B | — | ||
| Q4 25 | $8.7B | — | ||
| Q3 25 | $8.9B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $8.3B | — | ||
| Q4 24 | $8.5B | — | ||
| Q3 24 | $8.5B | — | ||
| Q2 24 | $8.5B | — |
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.4B | $160.8B | ||
| Q2 25 | — | $154.0B | ||
| Q1 25 | $2.3B | $147.8B | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.1B | $135.6B | ||
| Q2 24 | $2.0B | $134.2B |
| Q1 26 | $15.8B | — | ||
| Q4 25 | $16.1B | — | ||
| Q3 25 | $16.4B | $214.5B | ||
| Q2 25 | — | $208.5B | ||
| Q1 25 | $15.5B | $200.9B | ||
| Q4 24 | $15.4B | — | ||
| Q3 24 | $15.5B | $184.9B | ||
| Q2 24 | $15.4B | $183.3B |
| Q1 26 | 3.61× | — | ||
| Q4 25 | 3.54× | — | ||
| Q3 25 | 3.75× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.64× | — | ||
| Q4 24 | 3.94× | — | ||
| Q3 24 | 4.06× | — | ||
| Q2 24 | 4.33× | — |
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 | $541.0M | — | ||
| Q3 25 | $409.0M | $1.8B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | $473.0M | $1.7B | ||
| Q4 24 | $326.0M | — | ||
| Q3 24 | $158.0M | $1.5B | ||
| Q2 24 | $264.0M | $898.8M |
| Q1 26 | — | — | ||
| Q4 25 | $535.0M | — | ||
| Q3 25 | $405.0M | $1.8B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | $470.0M | $1.6B | ||
| Q4 24 | $318.0M | — | ||
| Q3 24 | $156.0M | $1.5B | ||
| Q2 24 | $262.0M | $875.6M |
| Q1 26 | — | — | ||
| Q4 25 | 43.9% | — | ||
| Q3 25 | 32.2% | 44.7% | ||
| Q2 25 | — | 38.3% | ||
| Q1 25 | 46.5% | 40.4% | ||
| Q4 24 | 32.3% | — | ||
| Q3 24 | 16.0% | 38.9% | ||
| Q2 24 | 27.2% | 25.0% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.3% | 1.0% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | 0.3% | 1.6% | ||
| Q4 24 | 0.8% | — | ||
| Q3 24 | 0.2% | 1.4% | ||
| Q2 24 | 0.2% | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | 4.04× | — | ||
| Q3 25 | 3.03× | 1.47× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | 3.33× | 1.15× | ||
| Q4 24 | 2.05× | — | ||
| Q3 24 | 0.98× | 1.58× | ||
| Q2 24 | 1.46× | 0.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GEN
| Cyber Safety Platform | $819.0M | 66% |
| Trust Based Solutions | $421.0M | 34% |
| Net Interest Income On Notes Receivable | $4.0M | 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% |
