vs
Citizens Financial Group（CFG）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Citizens Financial Group的1.8倍（$4.0B vs $2.2B），网易净利率更高（31.0% vs 24.5%，领先6.5%），过去两年网易的营收复合增速更高（9.7% vs 4.9%）
Citizens Financial Group, Inc.是美国银行控股企业，总部位于罗德岛州普罗维登斯，旗下拥有Citizens Bank国民银行，业务覆盖康涅狄格、特拉华、佛罗里达、纽约等十余个美国州份及华盛顿特区，为当地客户提供各类银行金融服务。
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。
CFG vs NTES — 直观对比
营收规模更大
NTES
是对方的1.8倍
$2.2B
净利率更高
NTES
高出6.5%
24.5%
两年增速更快
NTES
近两年复合增速
4.9%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $4.0B |
| 净利润 | $528.0M | $1.2B |
| 毛利率 | — | 64.1% |
| 营业利润率 | 31.4% | 28.3% |
| 净利率 | 24.5% | 31.0% |
| 营收同比 | 8.6% | — |
| 净利润同比 | 31.7% | — |
| 每股收益（稀释后） | $1.12 | — |
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CFGNTES
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.1B | $4.0B | ||
| Q2 25 | $2.0B | $3.9B | ||
| Q1 25 | $1.9B | $4.0B | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $1.9B | $3.7B | ||
| Q2 24 | $2.0B | $3.5B | ||
| Q1 24 | $2.0B | $3.7B |
净利润CFGNTES
| Q4 25 | $528.0M | — | ||
| Q3 25 | $494.0M | $1.2B | ||
| Q2 25 | $436.0M | $1.3B | ||
| Q1 25 | $373.0M | $1.5B | ||
| Q4 24 | $401.0M | — | ||
| Q3 24 | $382.0M | $955.7M | ||
| Q2 24 | $392.0M | $939.6M | ||
| Q1 24 | $334.0M | $1.1B |
毛利率CFGNTES
| 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% |
营业利润率CFGNTES
| Q4 25 | 31.4% | — | ||
| Q3 25 | 29.7% | 28.3% | ||
| Q2 25 | 27.2% | 32.5% | ||
| Q1 25 | 24.2% | 36.2% | ||
| Q4 24 | 25.6% | — | ||
| Q3 24 | 24.7% | 27.3% | ||
| Q2 24 | 24.5% | 27.4% | ||
| Q1 24 | 21.9% | 28.4% |
净利率CFGNTES
| Q4 25 | 24.5% | — | ||
| Q3 25 | 23.3% | 31.0% | ||
| Q2 25 | 21.4% | 32.6% | ||
| Q1 25 | 19.3% | 36.6% | ||
| Q4 24 | 20.2% | — | ||
| Q3 24 | 20.1% | 25.6% | ||
| Q2 24 | 20.0% | 26.8% | ||
| Q1 24 | 17.0% | 29.1% |
每股收益（稀释后）CFGNTES
| Q4 25 | $1.12 | — | ||
| Q3 25 | $1.05 | — | ||
| Q2 25 | $0.92 | — | ||
| Q1 25 | $0.77 | — | ||
| Q4 24 | $0.83 | — | ||
| Q3 24 | $0.77 | — | ||
| Q2 24 | $0.78 | — | ||
| Q1 24 | $0.65 | — |
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 | — | $31.3B |
| 总债务越低越好 | $11.2B | — |
| 股东权益账面价值 | $26.3B | $160.8B |
| 总资产 | $226.4B | $214.5B |
| 负债/权益比越低杠杆越低 | 0.43× | — |
8季度趋势，按日历期对齐
现金及短期投资CFGNTES
| Q4 25 | — | — | ||
| Q3 25 | — | $31.3B | ||
| Q2 25 | — | $54.4B | ||
| Q1 25 | — | $41.7B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $20.2B | ||
| Q2 24 | — | $19.0B | ||
| Q1 24 | — | $43.0B |
总债务CFGNTES
| Q4 25 | $11.2B | — | ||
| Q3 25 | $10.4B | — | ||
| Q2 25 | $12.5B | — | ||
| Q1 25 | $12.3B | — | ||
| Q4 24 | $12.4B | — | ||
| Q3 24 | $13.9B | — | ||
| Q2 24 | $13.1B | — | ||
| Q1 24 | $13.8B | — |
股东权益CFGNTES
| Q4 25 | $26.3B | — | ||
| Q3 25 | $25.8B | $160.8B | ||
| Q2 25 | $25.2B | $154.0B | ||
| Q1 25 | $24.9B | $147.8B | ||
| Q4 24 | $24.3B | — | ||
| Q3 24 | $24.9B | $135.6B | ||
| Q2 24 | $23.9B | $134.2B | ||
| Q1 24 | $23.8B | $130.5B |
总资产CFGNTES
| Q4 25 | $226.4B | — | ||
| Q3 25 | $222.7B | $214.5B | ||
| Q2 25 | $218.3B | $208.5B | ||
| Q1 25 | $220.1B | $200.9B | ||
| Q4 24 | $217.5B | — | ||
| Q3 24 | $219.7B | $184.9B | ||
| Q2 24 | $219.9B | $183.3B | ||
| Q1 24 | $220.4B | $195.1B |
负债/权益比CFGNTES
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.40× | — | ||
| Q2 25 | 0.50× | — | ||
| Q1 25 | 0.49× | — | ||
| Q4 24 | 0.51× | — | ||
| Q3 24 | 0.56× | — | ||
| Q2 24 | 0.55× | — | ||
| Q1 24 | 0.58× | — |
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 | $2.2B | $1.8B |
| 自由现金流经营现金流 - 资本支出 | — | $1.8B |
| 自由现金流率自由现金流/营收 | — | 44.7% |
| 资本支出强度资本支出/营收 | — | 1.0% |
| 现金转化率经营现金流/净利润 | 4.19× | 1.47× |
| 过去12个月自由现金流最近4个季度 | — | $6.3B |
8季度趋势，按日历期对齐
经营现金流CFGNTES
| Q4 25 | $2.2B | — | ||
| Q3 25 | $1.7B | $1.8B | ||
| Q2 25 | $886.0M | $1.5B | ||
| Q1 25 | $-213.0M | $1.7B | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $130.0M | $1.5B | ||
| Q2 24 | $834.0M | $898.8M | ||
| Q1 24 | $554.0M | $1.3B |
自由现金流CFGNTES
| 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 |
自由现金流率CFGNTES
| 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% |
资本支出强度CFGNTES
| 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% |
现金转化率CFGNTES
| Q4 25 | 4.19× | — | ||
| Q3 25 | 3.43× | 1.47× | ||
| Q2 25 | 2.03× | 1.20× | ||
| Q1 25 | -0.57× | 1.15× | ||
| Q4 24 | 4.99× | — | ||
| Q3 24 | 0.34× | 1.58× | ||
| Q2 24 | 2.13× | 0.96× | ||
| Q1 24 | 1.66× | 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
CFG
暂无分部数据
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% |
