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Side-by-side financial comparison of HERTZ GLOBAL HOLDINGS, INC (HTZ) 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 2.0× HERTZ GLOBAL HOLDINGS, INC). NetEase, Inc. runs the higher net margin — 31.0% vs -9.6%, a 40.6% gap on every dollar of revenue. Over the past eight quarters, NetEase, Inc.'s revenue compounded faster (9.7% CAGR vs -1.3%).
Hertz Global Holdings, Inc., known as Hertz, is an American car rental company based in Estero, Florida. The company operates its namesake Hertz brand, along with the brands Dollar Rent A Car, Firefly Car Rental, and Thrifty Car Rental.
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.
HTZ vs NTES — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $4.0B |
| Net Profit | $-194.0M | $1.2B |
| Gross Margin | — | 64.1% |
| Operating Margin | -11.0% | 28.3% |
| Net Margin | -9.6% | 31.0% |
| Revenue YoY | -0.6% | — |
| Net Profit YoY | 59.5% | — |
| EPS (diluted) | $-0.46 | — |
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 | $2.5B | $4.0B | ||
| Q2 25 | $2.2B | $3.9B | ||
| Q1 25 | $1.8B | $4.0B | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.6B | $3.7B | ||
| Q2 24 | $2.4B | $3.5B | ||
| Q1 24 | $2.1B | $3.7B |
| Q4 25 | $-194.0M | — | ||
| Q3 25 | $184.0M | $1.2B | ||
| Q2 25 | $-294.0M | $1.3B | ||
| Q1 25 | $-443.0M | $1.5B | ||
| Q4 24 | $-479.0M | — | ||
| Q3 24 | $-1.3B | $955.7M | ||
| Q2 24 | $-865.0M | $939.6M | ||
| Q1 24 | $-186.0M | $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 | -11.0% | — | ||
| Q3 25 | 9.4% | 28.3% | ||
| Q2 25 | -14.5% | 32.5% | ||
| Q1 25 | -29.0% | 36.2% | ||
| Q4 24 | -27.6% | — | ||
| Q3 24 | -62.9% | 27.3% | ||
| Q2 24 | -20.1% | 27.4% | ||
| Q1 24 | -27.9% | 28.4% |
| Q4 25 | -9.6% | — | ||
| Q3 25 | 7.4% | 31.0% | ||
| Q2 25 | -13.5% | 32.6% | ||
| Q1 25 | -24.4% | 36.6% | ||
| Q4 24 | -23.5% | — | ||
| Q3 24 | -51.7% | 25.6% | ||
| Q2 24 | -36.8% | 26.8% | ||
| Q1 24 | -8.9% | 29.1% |
| Q4 25 | $-0.46 | — | ||
| Q3 25 | $0.42 | — | ||
| Q2 25 | $-0.95 | — | ||
| Q1 25 | $-1.44 | — | ||
| Q4 24 | $-1.57 | — | ||
| Q3 24 | $-4.34 | — | ||
| Q2 24 | $-2.82 | — | ||
| Q1 24 | $-0.61 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $565.0M | $31.3B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-459.0M | $160.8B |
| Total Assets | $22.3B | $214.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $565.0M | — | ||
| Q3 25 | $1.1B | $31.3B | ||
| Q2 25 | $503.0M | $54.4B | ||
| Q1 25 | $626.0M | $41.7B | ||
| Q4 24 | $592.0M | — | ||
| Q3 24 | $501.0M | $20.2B | ||
| Q2 24 | $568.0M | $19.0B | ||
| Q1 24 | $465.0M | $43.0B |
| Q4 25 | $-459.0M | — | ||
| Q3 25 | $-317.0M | $160.8B | ||
| Q2 25 | $-504.0M | $154.0B | ||
| Q1 25 | $-262.0M | $147.8B | ||
| Q4 24 | $153.0M | — | ||
| Q3 24 | $681.0M | $135.6B | ||
| Q2 24 | $2.0B | $134.2B | ||
| Q1 24 | $2.8B | $130.5B |
| Q4 25 | $22.3B | — | ||
| Q3 25 | $23.0B | $214.5B | ||
| Q2 25 | $23.1B | $208.5B | ||
| Q1 25 | $22.0B | $200.9B | ||
| Q4 24 | $21.8B | — | ||
| Q3 24 | $23.0B | $184.9B | ||
| Q2 24 | $25.2B | $183.3B | ||
| Q1 24 | $24.3B | $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 | $193.0M | $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.
| Q4 25 | $193.0M | — | ||
| Q3 25 | $835.0M | $1.8B | ||
| Q2 25 | $346.0M | $1.5B | ||
| Q1 25 | $251.0M | $1.7B | ||
| Q4 24 | $414.0M | — | ||
| Q3 24 | $894.0M | $1.5B | ||
| Q2 24 | $546.0M | $898.8M | ||
| Q1 24 | $370.0M | $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 | — | — | ||
| Q3 25 | 4.54× | 1.47× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | 1.15× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.58× | ||
| Q2 24 | — | 0.96× | ||
| Q1 24 | — | 1.22× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HTZ
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% |
