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Side-by-side financial comparison of NetEase, Inc. (NTES) and Yext, Inc. (YEXT), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
NetEase, Inc. is the larger business by last-quarter revenue ($4.0B vs $112.0M, roughly 35.6× Yext, Inc.). NetEase, Inc. runs the higher net margin — 31.0% vs 5.5%, a 25.5% gap on every dollar of revenue. NetEase, Inc. produced more free cash flow last quarter ($1.8B vs $-20.3M). Over the past eight quarters, NetEase, Inc.'s revenue compounded faster (9.7% CAGR vs 5.2%).
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.
Yext is a New York-based software company offering a digital presence platform for multi-location brands. It enables brands to deliver consistent, accurate information to customers anywhere in the digital world from one central platform. Offering local listings management, webpages, social media, reputation management, and more, the Yext platform helps brands reach local customers on every digital channel.
NTES vs YEXT — Head-to-Head
Income Statement — Q3 2025 vs Q3 2026
| Metric | | |
|---|---|---|
| Revenue | $4.0B | $112.0M |
| Net Profit | $1.2B | $6.1M |
| Gross Margin | 64.1% | 73.9% |
| Operating Margin | 28.3% | 6.9% |
| Net Margin | 31.0% | 5.5% |
| Revenue YoY | — | -1.7% |
| Net Profit YoY | — | 147.9% |
| EPS (diluted) | — | $0.01 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | — | $112.0M | ||
| Q3 25 | $4.0B | $113.1M | ||
| Q2 25 | $3.9B | $109.5M | ||
| Q1 25 | $4.0B | $113.1M | ||
| Q4 24 | — | $114.0M | ||
| Q3 24 | $3.7B | $97.9M | ||
| Q2 24 | $3.5B | $96.0M | ||
| Q1 24 | $3.7B | $101.1M |
| Q4 25 | — | $6.1M | ||
| Q3 25 | $1.2B | $26.8M | ||
| Q2 25 | $1.3B | $770.0K | ||
| Q1 25 | $1.5B | $-7.3M | ||
| Q4 24 | — | $-12.8M | ||
| Q3 24 | $955.7M | $-4.1M | ||
| Q2 24 | $939.6M | $-3.8M | ||
| Q1 24 | $1.1B | $1.7M |
| Q4 25 | — | 73.9% | ||
| Q3 25 | 64.1% | 75.2% | ||
| Q2 25 | 64.7% | 75.2% | ||
| Q1 25 | 64.1% | 76.8% | ||
| Q4 24 | — | 77.0% | ||
| Q3 24 | 62.9% | 77.2% | ||
| Q2 24 | 62.9% | 77.6% | ||
| Q1 24 | 63.4% | 78.6% |
| Q4 25 | — | 6.9% | ||
| Q3 25 | 28.3% | 26.2% | ||
| Q2 25 | 32.5% | 1.0% | ||
| Q1 25 | 36.2% | -8.0% | ||
| Q4 24 | — | -9.1% | ||
| Q3 24 | 27.3% | -7.7% | ||
| Q2 24 | 27.4% | -5.7% | ||
| Q1 24 | 28.4% | 1.0% |
| Q4 25 | — | 5.5% | ||
| Q3 25 | 31.0% | 23.7% | ||
| Q2 25 | 32.6% | 0.7% | ||
| Q1 25 | 36.6% | -6.4% | ||
| Q4 24 | — | -11.2% | ||
| Q3 24 | 25.6% | -4.1% | ||
| Q2 24 | 26.8% | -4.0% | ||
| Q1 24 | 29.1% | 1.7% |
| Q4 25 | — | $0.01 | ||
| Q3 25 | — | $0.03 | ||
| Q2 25 | — | $0.01 | ||
| Q1 25 | — | $-0.06 | ||
| Q4 24 | — | $-0.10 | ||
| Q3 24 | — | $-0.03 | ||
| Q2 24 | — | $-0.03 | ||
| Q1 24 | — | $0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $31.3B | $139.9M |
| Total DebtLower is stronger | — | $98.2M |
| Stockholders' EquityBook value | $160.8B | $155.2M |
| Total Assets | $214.5B | $555.8M |
| Debt / EquityLower = less leverage | — | 0.63× |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | — | $139.9M | ||
| Q3 25 | $31.3B | $178.8M | ||
| Q2 25 | $54.4B | $115.0M | ||
| Q1 25 | $41.7B | $123.1M | ||
| Q4 24 | — | $100.5M | ||
| Q3 24 | $20.2B | $234.8M | ||
| Q2 24 | $19.0B | $246.1M | ||
| Q1 24 | $43.0B | $210.2M |
| Q4 25 | — | $98.2M | ||
| Q3 25 | — | $98.3M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $0 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $155.2M | ||
| Q3 25 | $160.8B | $152.5M | ||
| Q2 25 | $154.0B | $142.0M | ||
| Q1 25 | $147.8B | $153.2M | ||
| Q4 24 | — | $160.0M | ||
| Q3 24 | $135.6B | $162.8M | ||
| Q2 24 | $134.2B | $155.7M | ||
| Q1 24 | $130.5B | $147.2M |
| Q4 25 | — | $555.8M | ||
| Q3 25 | $214.5B | $626.2M | ||
| Q2 25 | $208.5B | $572.4M | ||
| Q1 25 | $200.9B | $610.1M | ||
| Q4 24 | — | $540.3M | ||
| Q3 24 | $184.9B | $458.2M | ||
| Q2 24 | $183.3B | $481.7M | ||
| Q1 24 | $195.1B | $508.8M |
| Q4 25 | — | 0.63× | ||
| Q3 25 | — | 0.64× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.8B | $-19.8M |
| Free Cash FlowOCF − Capex | $1.8B | $-20.3M |
| FCF MarginFCF / Revenue | 44.7% | -18.2% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | 1.0% | 0.5% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | 1.47× | -3.23× |
| TTM Free Cash FlowTrailing 4 quarters | $6.3B | $62.7M |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | — | $-19.8M | ||
| Q3 25 | $1.8B | $8.4M | ||
| Q2 25 | $1.5B | $37.7M | ||
| Q1 25 | $1.7B | $38.3M | ||
| Q4 24 | — | $-15.8M | ||
| Q3 24 | $1.5B | $-10.6M | ||
| Q2 24 | $898.8M | $38.3M | ||
| Q1 24 | $1.3B | $28.0M |
| Q4 25 | — | $-20.3M | ||
| Q3 25 | $1.8B | $7.8M | ||
| Q2 25 | $1.5B | $37.2M | ||
| Q1 25 | $1.6B | $38.0M | ||
| Q4 24 | — | $-16.4M | ||
| Q3 24 | $1.5B | $-11.2M | ||
| Q2 24 | $875.6M | $37.7M | ||
| Q1 24 | $1.3B | $27.6M |
| Q4 25 | — | -18.2% | ||
| Q3 25 | 44.7% | 6.9% | ||
| Q2 25 | 38.3% | 33.9% | ||
| Q1 25 | 40.4% | 33.6% | ||
| Q4 24 | — | -14.4% | ||
| Q3 24 | 38.9% | -11.4% | ||
| Q2 24 | 25.0% | 39.2% | ||
| Q1 24 | 34.0% | 27.3% |
| Q4 25 | — | 0.5% | ||
| Q3 25 | 1.0% | 0.5% | ||
| Q2 25 | 0.7% | 0.5% | ||
| Q1 25 | 1.6% | 0.3% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | 1.4% | 0.6% | ||
| Q2 24 | 0.7% | 0.7% | ||
| Q1 24 | 1.5% | 0.4% |
| Q4 25 | — | -3.23× | ||
| Q3 25 | 1.47× | 0.31× | ||
| Q2 25 | 1.20× | 48.99× | ||
| Q1 25 | 1.15× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.58× | — | ||
| Q2 24 | 0.96× | — | ||
| Q1 24 | 1.22× | 16.61× |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
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% |
YEXT
Segment breakdown not available.