CMCM vs NTES
Cheetah Mobile Inc. and Netease, Inc., side by side — 10 fiscal years reported in CNY, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | CMCM | NTES |
|---|---|---|
| Revenue | ¥1.2B | ¥112.6B |
| Net income | ¥-257.7M | ¥34.8B |
| Gross margin | 72.5% | 64.3% |
| Net margin | −22.4% | 30.9% |
| Return on equity | −14.7% | 23.3% |
| Diluted EPS | −¥0.42 | ¥10.48 |
| Dividend / share | — | — |
| Payout ratio | 54.4% | 39.7% |
| Free cash flow | ¥606.2M | ¥49.7B |
| Equity | ¥1.6B | ¥160.3B |
| Net debt / equity | −0.47× | −0.37× |
| Current ratio | 1.27× | 3.45× |
| Revenue CAGR 5y | −5.8% | 8.9% |
| Profit CAGR 5y | — | 23.1% |
NTES bills 97.9× the revenue of CMCM, and CMCM closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
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Revenue by year
10 years side by side
| Fiscal year | CMCM | NTES |
|---|---|---|
| FY2025 | ¥1.2B | ¥112.6B |
| FY2024 | ¥806.9M | ¥105.3B |
| FY2023 | ¥669.5M | ¥103.5B |
| FY2022 | ¥884.1M | ¥96.5B |
| FY2021 | ¥784.6M | ¥87.6B |
| FY2020 | ¥1.6B | ¥73.7B |
| FY2019 | ¥3.6B | ¥59.2B |
| FY2018 | ¥5.0B | ¥51.2B |
| FY2017 | ¥5.0B | ¥44.4B |
| FY2016 | ¥4.6B | ¥38.2B |
Net income by year
Bottom line
| Fiscal year | CMCM | NTES |
|---|---|---|
| FY2025 | ¥-257.7M | ¥34.8B |
| FY2024 | ¥-617.6M | ¥30.3B |
| FY2023 | ¥-602.9M | ¥29.4B |
| FY2022 | ¥-513.5M | ¥19.8B |
| FY2021 | ¥-351.1M | ¥17.0B |
| FY2020 | ¥416.7M | ¥12.3B |
| FY2019 | ¥-314.0M | ¥21.4B |
| FY2018 | ¥1.2B | ¥6.5B |
| FY2017 | ¥1.3B | ¥10.8B |
| FY2016 | ¥-80.5M | ¥11.8B |
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