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Side-by-side financial comparison of LEAR CORP (LEA) and NetEase, Inc. (NTES). Click either name above to swap in a different company.
LEAR CORP is the larger business by last-quarter revenue ($6.0B vs $4.0B, roughly 1.5× NetEase, Inc.). NetEase, Inc. runs the higher net margin — 31.0% vs 1.4%, a 29.6% gap on every dollar of revenue. NetEase, Inc. produced more free cash flow last quarter ($1.8B vs $281.1M). Over the past eight quarters, NetEase, Inc.'s revenue compounded faster (9.7% CAGR vs -0.1%).
Lear Corporation is an American company that manufactures automotive seating and electrical systems. In 2019, it ranked #147 and in 2018, it ranked #148 on the Fortune 500 list.
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.
LEA vs NTES — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.0B | $4.0B |
| Net Profit | $82.7M | $1.2B |
| Gross Margin | 5.7% | 64.1% |
| Operating Margin | 2.6% | 28.3% |
| Net Margin | 1.4% | 31.0% |
| Revenue YoY | 4.8% | — |
| Net Profit YoY | -6.1% | — |
| EPS (diluted) | $1.58 | — |
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 | $6.0B | — | ||
| Q3 25 | $5.7B | $4.0B | ||
| Q2 25 | $6.0B | $3.9B | ||
| Q1 25 | $5.6B | $4.0B | ||
| Q4 24 | $5.7B | — | ||
| Q3 24 | $5.6B | $3.7B | ||
| Q2 24 | $6.0B | $3.5B | ||
| Q1 24 | $6.0B | $3.7B |
| Q4 25 | $82.7M | — | ||
| Q3 25 | $108.2M | $1.2B | ||
| Q2 25 | $165.2M | $1.3B | ||
| Q1 25 | $80.7M | $1.5B | ||
| Q4 24 | $88.1M | — | ||
| Q3 24 | $135.8M | $955.7M | ||
| Q2 24 | $173.1M | $939.6M | ||
| Q1 24 | $109.6M | $1.1B |
| Q4 25 | 5.7% | — | ||
| Q3 25 | 6.4% | 64.1% | ||
| Q2 25 | 7.3% | 64.7% | ||
| Q1 25 | 6.5% | 64.1% | ||
| Q4 24 | 6.8% | — | ||
| Q3 24 | 7.3% | 62.9% | ||
| Q2 24 | 7.5% | 62.9% | ||
| Q1 24 | 6.6% | 63.4% |
| Q4 25 | 2.6% | — | ||
| Q3 25 | 3.4% | 28.3% | ||
| Q2 25 | 4.1% | 32.5% | ||
| Q1 25 | 3.3% | 36.2% | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 3.9% | 27.3% | ||
| Q2 24 | 4.3% | 27.4% | ||
| Q1 24 | 3.3% | 28.4% |
| Q4 25 | 1.4% | — | ||
| Q3 25 | 1.9% | 31.0% | ||
| Q2 25 | 2.7% | 32.6% | ||
| Q1 25 | 1.5% | 36.6% | ||
| Q4 24 | 1.5% | — | ||
| Q3 24 | 2.4% | 25.6% | ||
| Q2 24 | 2.9% | 26.8% | ||
| Q1 24 | 1.8% | 29.1% |
| Q4 25 | $1.58 | — | ||
| Q3 25 | $2.02 | — | ||
| Q2 25 | $3.06 | — | ||
| Q1 25 | $1.49 | — | ||
| Q4 24 | $1.64 | — | ||
| Q3 24 | $2.41 | — | ||
| Q2 24 | $3.02 | — | ||
| Q1 24 | $1.90 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.0B | $31.3B |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $5.0B | $160.8B |
| Total Assets | $14.8B | $214.5B |
| Debt / EquityLower = less leverage | 0.54× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.0B | $31.3B | ||
| Q2 25 | $887.9M | $54.4B | ||
| Q1 25 | $779.9M | $41.7B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $763.9M | $20.2B | ||
| Q2 24 | $950.3M | $19.0B | ||
| Q1 24 | $930.4M | $43.0B |
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.8B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.7B | — |
| Q4 25 | $5.0B | — | ||
| Q3 25 | $5.1B | $160.8B | ||
| Q2 25 | $5.1B | $154.0B | ||
| Q1 25 | $4.7B | $147.8B | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.8B | $135.6B | ||
| Q2 24 | $4.8B | $134.2B | ||
| Q1 24 | $4.9B | $130.5B |
| Q4 25 | $14.8B | — | ||
| Q3 25 | $15.2B | $214.5B | ||
| Q2 25 | $15.3B | $208.5B | ||
| Q1 25 | $14.6B | $200.9B | ||
| Q4 24 | $14.0B | — | ||
| Q3 24 | $14.8B | $184.9B | ||
| Q2 24 | $14.7B | $183.3B | ||
| Q1 24 | $14.9B | $195.1B |
| Q4 25 | 0.54× | — | ||
| Q3 25 | 0.54× | — | ||
| Q2 25 | 0.54× | — | ||
| Q1 25 | 0.59× | — | ||
| Q4 24 | 0.61× | — | ||
| Q3 24 | 0.58× | — | ||
| Q2 24 | 0.57× | — | ||
| Q1 24 | 0.56× | — |
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 | $475.9M | $1.8B |
| Free Cash FlowOCF − Capex | $281.1M | $1.8B |
| FCF MarginFCF / Revenue | 4.7% | 44.7% |
| Capex IntensityCapex / Revenue | 3.3% | 1.0% |
| Cash ConversionOCF / Net Profit | 5.75× | 1.47× |
| TTM Free Cash FlowTrailing 4 quarters | $527.2M | $6.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $475.9M | — | ||
| Q3 25 | $444.4M | $1.8B | ||
| Q2 25 | $296.2M | $1.5B | ||
| Q1 25 | $-127.7M | $1.7B | ||
| Q4 24 | $680.8M | — | ||
| Q3 24 | $182.7M | $1.5B | ||
| Q2 24 | $291.2M | $898.8M | ||
| Q1 24 | $-34.6M | $1.3B |
| Q4 25 | $281.1M | — | ||
| Q3 25 | $307.0M | $1.8B | ||
| Q2 25 | $170.8M | $1.5B | ||
| Q1 25 | $-231.7M | $1.6B | ||
| Q4 24 | $488.7M | — | ||
| Q3 24 | $50.5M | $1.5B | ||
| Q2 24 | $170.4M | $875.6M | ||
| Q1 24 | $-148.2M | $1.3B |
| Q4 25 | 4.7% | — | ||
| Q3 25 | 5.4% | 44.7% | ||
| Q2 25 | 2.8% | 38.3% | ||
| Q1 25 | -4.2% | 40.4% | ||
| Q4 24 | 8.6% | — | ||
| Q3 24 | 0.9% | 38.9% | ||
| Q2 24 | 2.8% | 25.0% | ||
| Q1 24 | -2.5% | 34.0% |
| Q4 25 | 3.3% | — | ||
| Q3 25 | 2.4% | 1.0% | ||
| Q2 25 | 2.1% | 0.7% | ||
| Q1 25 | 1.9% | 1.6% | ||
| Q4 24 | 3.4% | — | ||
| Q3 24 | 2.4% | 1.4% | ||
| Q2 24 | 2.0% | 0.7% | ||
| Q1 24 | 1.9% | 1.5% |
| Q4 25 | 5.75× | — | ||
| Q3 25 | 4.11× | 1.47× | ||
| Q2 25 | 1.79× | 1.20× | ||
| Q1 25 | -1.58× | 1.15× | ||
| Q4 24 | 7.73× | — | ||
| Q3 24 | 1.35× | 1.58× | ||
| Q2 24 | 1.68× | 0.96× | ||
| Q1 24 | -0.32× | 1.22× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LEA
| Other | $3.5B | 59% |
| Seating Segment | $1.9B | 32% |
| E Systems Segment | $520.6M | 9% |
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% |
