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C3.ai, Inc.（AI）与网易（NTES）财务数据对比。点击上方公司名可切换其他公司
网易的季度营收约是C3.ai, Inc.的53.0倍（$4.0B vs $75.1M）。网易净利率更高（31.0% vs -139.3%，领先170.3%）。网易自由现金流更多（$1.8B vs $-46.9M）。过去两年网易的营收复合增速更高（9.7% vs -2.1%）
C3.ai是全球领先的企业级人工智能软件供应商，主要开发销售可扩展的AI应用、平台工具及垂直行业定制解决方案，服务覆盖制造、能源、金融、医疗、公共部门等领域，助力客户优化运营、降本增效、管控风险，实现数据驱动的业务决策。
网易由丁磊于1997年6月创立，是全球规模领先的互联网与网络游戏企业之一。公司核心业务涵盖PC及移动端网络游戏的研发与发行，同时布局广告服务、电子邮箱服务及电商平台等多元业务板块。
AI vs NTES — 直观对比
营收规模更大
NTES
是对方的53.0倍
$75.1M
净利率更高
NTES
高出170.3%
-139.3%
自由现金流更多
NTES
多$1.8B
$-46.9M
两年增速更快
NTES
近两年复合增速
-2.1%
损益表 — Q2 2026 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $75.1M | $4.0B |
| 净利润 | $-104.7M | $1.2B |
| 毛利率 | 40.4% | 64.1% |
| 营业利润率 | -149.2% | 28.3% |
| 净利率 | -139.3% | 31.0% |
| 营收同比 | -20.3% | — |
| 净利润同比 | -58.7% | — |
| 每股收益（稀释后） | $-0.75 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AINTES
| Q4 25 | $75.1M | — | ||
| Q3 25 | $70.3M | $4.0B | ||
| Q2 25 | $108.7M | $3.9B | ||
| Q1 25 | $98.8M | $4.0B | ||
| Q4 24 | $94.3M | — | ||
| Q3 24 | $87.2M | $3.7B | ||
| Q2 24 | $86.6M | $3.5B | ||
| Q1 24 | $78.4M | $3.7B |
净利润AINTES
| Q4 25 | $-104.7M | — | ||
| Q3 25 | $-116.8M | $1.2B | ||
| Q2 25 | $-79.7M | $1.3B | ||
| Q1 25 | $-80.2M | $1.5B | ||
| Q4 24 | $-66.0M | — | ||
| Q3 24 | $-62.8M | $955.7M | ||
| Q2 24 | $-72.9M | $939.6M | ||
| Q1 24 | $-72.6M | $1.1B |
毛利率AINTES
| Q4 25 | 40.4% | — | ||
| Q3 25 | 37.6% | 64.1% | ||
| Q2 25 | 62.1% | 64.7% | ||
| Q1 25 | 59.1% | 64.1% | ||
| Q4 24 | 61.3% | — | ||
| Q3 24 | 59.8% | 62.9% | ||
| Q2 24 | 59.6% | 62.9% | ||
| Q1 24 | 57.8% | 63.4% |
营业利润率AINTES
| Q4 25 | -149.2% | — | ||
| Q3 25 | -177.7% | 28.3% | ||
| Q2 25 | -81.8% | 32.5% | ||
| Q1 25 | -88.7% | 36.2% | ||
| Q4 24 | -79.8% | — | ||
| Q3 24 | -83.2% | 27.3% | ||
| Q2 24 | -95.1% | 27.4% | ||
| Q1 24 | -105.3% | 28.4% |
净利率AINTES
| Q4 25 | -139.3% | — | ||
| Q3 25 | -166.2% | 31.0% | ||
| Q2 25 | -73.3% | 32.6% | ||
| Q1 25 | -81.2% | 36.6% | ||
| Q4 24 | -69.9% | — | ||
| Q3 24 | -72.0% | 25.6% | ||
| Q2 24 | -84.2% | 26.8% | ||
| Q1 24 | -92.6% | 29.1% |
每股收益（稀释后）AINTES
| Q4 25 | $-0.75 | — | ||
| Q3 25 | $-0.86 | — | ||
| Q2 25 | $-0.60 | — | ||
| Q1 25 | $-0.62 | — | ||
| Q4 24 | $-0.52 | — | ||
| Q3 24 | $-0.50 | — | ||
| Q2 24 | $-0.59 | — | ||
| Q1 24 | $-0.60 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $675.0M | $31.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $771.9M | $160.8B |
| 总资产 | $961.3M | $214.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AINTES
| Q4 25 | $675.0M | — | ||
| Q3 25 | $711.9M | $31.3B | ||
| Q2 25 | $742.7M | $54.4B | ||
| Q1 25 | $724.3M | $41.7B | ||
| Q4 24 | $730.4M | — | ||
| Q3 24 | $762.5M | $20.2B | ||
| Q2 24 | $750.4M | $19.0B | ||
| Q1 24 | $723.3M | $43.0B |
股东权益AINTES
| Q4 25 | $771.9M | — | ||
| Q3 25 | $798.8M | $160.8B | ||
| Q2 25 | $838.3M | $154.0B | ||
| Q1 25 | $860.2M | $147.8B | ||
| Q4 24 | $859.0M | — | ||
| Q3 24 | $874.9M | $135.6B | ||
| Q2 24 | $873.4M | $134.2B | ||
| Q1 24 | $898.0M | $130.5B |
总资产AINTES
| Q4 25 | $961.3M | — | ||
| Q3 25 | $968.7M | $214.5B | ||
| Q2 25 | $1.0B | $208.5B | ||
| Q1 25 | $1.1B | $200.9B | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.1B | $184.9B | ||
| Q2 24 | $1.0B | $183.3B | ||
| Q1 24 | $1.1B | $195.1B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-46.5M | $1.8B |
| 自由现金流经营现金流 - 资本支出 | $-46.9M | $1.8B |
| 自由现金流率自由现金流/营收 | -62.4% | 44.7% |
| 资本支出强度资本支出/营收 | 0.5% | 1.0% |
| 现金转化率经营现金流/净利润 | — | 1.47× |
| 过去12个月自由现金流最近4个季度 | $-93.2M | $6.3B |
8季度趋势，按日历期对齐
经营现金流AINTES
| Q4 25 | $-46.5M | — | ||
| Q3 25 | $-33.5M | $1.8B | ||
| Q2 25 | $11.3M | $1.5B | ||
| Q1 25 | $-22.0M | $1.7B | ||
| Q4 24 | $-38.7M | — | ||
| Q3 24 | $8.0M | $1.5B | ||
| Q2 24 | $21.3M | $898.8M | ||
| Q1 24 | $-39.1M | $1.3B |
自由现金流AINTES
| Q4 25 | $-46.9M | — | ||
| Q3 25 | $-34.3M | $1.8B | ||
| Q2 25 | $10.3M | $1.5B | ||
| Q1 25 | $-22.4M | $1.6B | ||
| Q4 24 | $-39.5M | — | ||
| Q3 24 | $7.1M | $1.5B | ||
| Q2 24 | $18.8M | $875.6M | ||
| Q1 24 | $-45.1M | $1.3B |
自由现金流率AINTES
| Q4 25 | -62.4% | — | ||
| Q3 25 | -48.8% | 44.7% | ||
| Q2 25 | 9.5% | 38.3% | ||
| Q1 25 | -22.7% | 40.4% | ||
| Q4 24 | -41.9% | — | ||
| Q3 24 | 8.2% | 38.9% | ||
| Q2 24 | 21.7% | 25.0% | ||
| Q1 24 | -57.6% | 34.0% |
资本支出强度AINTES
| Q4 25 | 0.5% | — | ||
| Q3 25 | 1.1% | 1.0% | ||
| Q2 25 | 0.9% | 0.7% | ||
| Q1 25 | 0.4% | 1.6% | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | 1.1% | 1.4% | ||
| Q2 24 | 2.9% | 0.7% | ||
| Q1 24 | 7.8% | 1.5% |
现金转化率AINTES
| Q4 25 | — | — | ||
| Q3 25 | — | 1.47× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | 1.15× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.58× | ||
| Q2 24 | — | 0.96× | ||
| Q1 24 | — | 1.22× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AI
| License And Service | $70.2M | 93% |
| Professional Services | $4.9M | 7% |
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% |
