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ZoomInfo Technologies Inc.（GTM）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ZoomInfo Technologies Inc.的12.5倍（$4.0B vs $319.1M）。网易净利率更高（31.0% vs 10.9%，领先20.1%）。网易自由现金流更多（$1.8B vs $127.1M）。过去两年网易的营收复合增速更高（9.7% vs 1.4%）
ZoomInfo Technologies Inc.是美国合规注册的数据服务商，通过数据采集、网页抓取等多元渠道汇总公开及非公开个人数据，同时收集企业、部门等商业主体信息，面向企业客户提供相关数据产品，助力客户开展精准营销等业务活动。
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。
GTM vs NTES — 直观对比
营收规模更大
NTES
是对方的12.5倍
$319.1M
净利率更高
NTES
高出20.1%
10.9%
自由现金流更多
NTES
多$1.7B
$127.1M
两年增速更快
NTES
近两年复合增速
1.4%
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $319.1M | $4.0B |
| 净利润 | $34.7M | $1.2B |
| 毛利率 | 84.0% | 64.1% |
| 营业利润率 | 17.0% | 28.3% |
| 净利率 | 10.9% | 31.0% |
| 营收同比 | 3.2% | — |
| 净利润同比 | 137.7% | — |
| 每股收益（稀释后） | $0.11 | — |
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GTMNTES
| Q4 25 | $319.1M | — | ||
| Q3 25 | $318.0M | $4.0B | ||
| Q2 25 | $306.7M | $3.9B | ||
| Q1 25 | $305.7M | $4.0B | ||
| Q4 24 | $309.1M | — | ||
| Q3 24 | $303.6M | $3.7B | ||
| Q2 24 | $291.5M | $3.5B | ||
| Q1 24 | $310.1M | $3.7B |
净利润GTMNTES
| Q4 25 | $34.7M | — | ||
| Q3 25 | $38.7M | $1.2B | ||
| Q2 25 | $24.0M | $1.3B | ||
| Q1 25 | $26.8M | $1.5B | ||
| Q4 24 | $14.6M | — | ||
| Q3 24 | $23.8M | $955.7M | ||
| Q2 24 | $-24.4M | $939.6M | ||
| Q1 24 | $15.1M | $1.1B |
毛利率GTMNTES
| Q4 25 | 84.0% | — | ||
| Q3 25 | 83.7% | 64.1% | ||
| Q2 25 | 83.9% | 64.7% | ||
| Q1 25 | 84.5% | 64.1% | ||
| Q4 24 | 82.8% | — | ||
| Q3 24 | 84.4% | 62.9% | ||
| Q2 24 | 84.3% | 62.9% | ||
| Q1 24 | 86.0% | 63.4% |
营业利润率GTMNTES
| Q4 25 | 17.0% | — | ||
| Q3 25 | 21.2% | 28.3% | ||
| Q2 25 | 17.5% | 32.5% | ||
| Q1 25 | 16.5% | 36.2% | ||
| Q4 24 | 10.0% | — | ||
| Q3 24 | 14.3% | 27.3% | ||
| Q2 24 | -6.9% | 27.4% | ||
| Q1 24 | 13.9% | 28.4% |
净利率GTMNTES
| Q4 25 | 10.9% | — | ||
| Q3 25 | 12.2% | 31.0% | ||
| Q2 25 | 7.8% | 32.6% | ||
| Q1 25 | 8.8% | 36.6% | ||
| Q4 24 | 4.7% | — | ||
| Q3 24 | 7.8% | 25.6% | ||
| Q2 24 | -8.4% | 26.8% | ||
| Q1 24 | 4.9% | 29.1% |
每股收益（稀释后）GTMNTES
| Q4 25 | $0.11 | — | ||
| Q3 25 | $0.12 | — | ||
| Q2 25 | $0.07 | — | ||
| Q1 25 | $0.08 | — | ||
| Q4 24 | $0.04 | — | ||
| Q3 24 | $0.07 | — | ||
| Q2 24 | $-0.07 | — | ||
| Q1 24 | $0.04 | — |
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 | $179.9M | $31.3B |
| 总债务越低越好 | $1.3B | — |
| 股东权益账面价值 | $1.5B | $160.8B |
| 总资产 | $6.4B | $214.5B |
| 负债/权益比越低杠杆越低 | 0.88× | — |
8季度趋势，按日历期对齐
现金及短期投资GTMNTES
| Q4 25 | $179.9M | — | ||
| Q3 25 | $135.0M | $31.3B | ||
| Q2 25 | $176.9M | $54.4B | ||
| Q1 25 | $140.5M | $41.7B | ||
| Q4 24 | $139.9M | — | ||
| Q3 24 | $147.7M | $20.2B | ||
| Q2 24 | $399.3M | $19.0B | ||
| Q1 24 | $440.2M | $43.0B |
总债务GTMNTES
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
股东权益GTMNTES
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | $160.8B | ||
| Q2 25 | $1.6B | $154.0B | ||
| Q1 25 | $1.6B | $147.8B | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.7B | $135.6B | ||
| Q2 24 | $1.9B | $134.2B | ||
| Q1 24 | $2.0B | $130.5B |
总资产GTMNTES
| Q4 25 | $6.4B | — | ||
| Q3 25 | $6.4B | $214.5B | ||
| Q2 25 | $6.5B | $208.5B | ||
| Q1 25 | $6.4B | $200.9B | ||
| Q4 24 | $6.5B | — | ||
| Q3 24 | $6.4B | $184.9B | ||
| Q2 24 | $6.7B | $183.3B | ||
| Q1 24 | $6.8B | $195.1B |
负债/权益比GTMNTES
| Q4 25 | 0.88× | — | ||
| Q3 25 | 0.87× | — | ||
| Q2 25 | 0.85× | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | 0.72× | — | ||
| Q3 24 | 0.74× | — | ||
| Q2 24 | 0.66× | — | ||
| Q1 24 | 0.61× | — |
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 | $143.5M | $1.8B |
| 自由现金流经营现金流 - 资本支出 | $127.1M | $1.8B |
| 自由现金流率自由现金流/营收 | 39.8% | 44.7% |
| 资本支出强度资本支出/营收 | 5.1% | 1.0% |
| 现金转化率经营现金流/净利润 | 4.14× | 1.47× |
| 过去12个月自由现金流最近4个季度 | $389.3M | $6.3B |
8季度趋势，按日历期对齐
经营现金流GTMNTES
| Q4 25 | $143.5M | — | ||
| Q3 25 | $93.8M | $1.8B | ||
| Q2 25 | $108.9M | $1.5B | ||
| Q1 25 | $119.2M | $1.7B | ||
| Q4 24 | $109.0M | — | ||
| Q3 24 | $18.2M | $1.5B | ||
| Q2 24 | $126.3M | $898.8M | ||
| Q1 24 | $115.9M | $1.3B |
自由现金流GTMNTES
| Q4 25 | $127.1M | — | ||
| Q3 25 | $70.9M | $1.8B | ||
| Q2 25 | $86.9M | $1.5B | ||
| Q1 25 | $104.4M | $1.6B | ||
| Q4 24 | $85.6M | — | ||
| Q3 24 | $600.0K | $1.5B | ||
| Q2 24 | $115.2M | $875.6M | ||
| Q1 24 | $103.1M | $1.3B |
自由现金流率GTMNTES
| Q4 25 | 39.8% | — | ||
| Q3 25 | 22.3% | 44.7% | ||
| Q2 25 | 28.3% | 38.3% | ||
| Q1 25 | 34.2% | 40.4% | ||
| Q4 24 | 27.7% | — | ||
| Q3 24 | 0.2% | 38.9% | ||
| Q2 24 | 39.5% | 25.0% | ||
| Q1 24 | 33.2% | 34.0% |
资本支出强度GTMNTES
| Q4 25 | 5.1% | — | ||
| Q3 25 | 7.2% | 1.0% | ||
| Q2 25 | 7.2% | 0.7% | ||
| Q1 25 | 4.8% | 1.6% | ||
| Q4 24 | 7.6% | — | ||
| Q3 24 | 5.8% | 1.4% | ||
| Q2 24 | 3.8% | 0.7% | ||
| Q1 24 | 4.1% | 1.5% |
现金转化率GTMNTES
| Q4 25 | 4.14× | — | ||
| Q3 25 | 2.42× | 1.47× | ||
| Q2 25 | 4.54× | 1.20× | ||
| Q1 25 | 4.45× | 1.15× | ||
| Q4 24 | 7.47× | — | ||
| Q3 24 | 0.76× | 1.58× | ||
| Q2 24 | — | 0.96× | ||
| Q1 24 | 7.68× | 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
GTM
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% |
