NetEase (NTES) FCF yield US GAAP (year values)

FY2021 FY2022 FY2023 FY2024 FY2025   LTM ? 5 years average
FCF yield, % ? 32.2% 65.0% 55.0%   64.8%  
Changes by years, y/y, % -2pp -32pp -10pp     44%

NetEase. FCF yield, %

NetEase. FCF yield, changes, pp

NetEase (NTES) FCF yield US GAAP (quarter values)

FY2025Q2 FY2025Q3 FY2025Q4 FY2026Q1 FY2026Q2   LTM ?
FCF yield, % ? 51.7% 48.3% 55.2% 70.3% 60.8%   64.8%
Changes by years, y/y, % -12pp -15pp +9pp +9pp    
Changes by quarters, q/q, % -9pp -3pp +7pp +15pp -9pp    

NetEase. FCF yield, %

NetEase. FCF yield, changes, pp

NetEase. FCF yield, changes, pp