MA vs SE
Mastercard Inc. and Sea Ltd., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | MA | SE |
|---|---|---|
| Revenue | $32.8B | $22.9B |
| Net income | $15.0B | $1.6B |
| Gross margin | · | 44.7% |
| Net margin | 45.6% | 7.0% |
| Return on equity | 210.5% | 15.1% |
| Diluted EPS | $16.52 | $2.52 |
| Dividend / share | $3.15 | · |
| Payout ratio | 18.4% | · |
| Free cash flow | $17.2B | $4.5B |
| Equity | $7.7B | $12.5B |
| Net debt / equity | 1.09× | · |
| Current ratio | 1.03× | 1.58× |
| Revenue CAGR 5y | 16.5% | 39.3% |
| Profit CAGR 5y | 18.5% | · |
MA bills 1.4× the revenue of SE, and keeps more of each dollar of revenue as profit (45.6% against 7.0%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | MA | SE |
|---|---|---|
| FY2025 | $32.8B | $22.9B |
| FY2024 | $28.2B | $16.8B |
| FY2023 | $25.1B | $13.1B |
| FY2022 | $22.2B | $12.4B |
| FY2021 | $18.9B | $10.0B |
| FY2020 | $15.3B | $4.4B |
| FY2019 | $25.0B | $2.2B |
| FY2018 | $21.8B | $827.0M |
| FY2017 | $12.5B | $414.2M |
| FY2016 | $10.8B | $345.7M |
Bottom line
| Fiscal year | MA | SE |
|---|---|---|
| FY2025 | $15.0B | $1.6B |
| FY2024 | $12.9B | $444.3M |
| FY2023 | $11.2B | $150.7M |
| FY2022 | $9.9B | $-1.7B |
| FY2021 | $8.7B | $-2.0B |
| FY2020 | $6.4B | $-1.6B |
| FY2019 | $8.1B | $-1.5B |
| FY2018 | $5.9B | $-961.2M |
| FY2017 | $3.9B | $-560.5M |
| FY2016 | $4.1B | $-222.9M |
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$9,852,531,000 | MA |
| FY2024 | +$11,347,134,000 | MA |
| FY2023 | +$12,034,440,000 | MA |
| FY2022 | +$9,787,295,000 | MA |
| FY2021 | +$8,928,810,000 | MA |
| FY2020 | +$10,925,336,000 | MA |
| FY2019 | +$22,804,622,000 | MA |
| FY2018 | +$21,004,032,000 | MA |
| FY2017 | +$12,082,810,000 | MA |
| FY2016 | +$10,430,330,000 | MA |
| FY2015 | +$9,374,876,000 | MA |
MA has reported the higher revenue in every one of these 11 fiscal years. The gap has widened since the earliest year compared.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +38.6 pp | MA |
| FY2024 | +43.0 pp | MA |
| FY2023 | +43.4 pp | MA |
| FY2022 | +58.0 pp | MA |
| FY2021 | +66.5 pp | MA |
| FY2020 | +79.0 pp | MA |
| FY2019 | +99.5 pp | MA |
| FY2018 | +143.0 pp | MA |
| FY2017 | +166.8 pp | MA |
| FY2016 | +102.7 pp | MA |
| FY2015 | +76.1 pp | MA |
MA has kept the higher net margin in every one of these 11 fiscal years.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
SE's net margin has been more volatile than MA's over the 11 comparable fiscal years — 45.7 percentage points of standard deviation against 6.4.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
MA led in net margin in every one of the 11 comparable fiscal years — a structural lead, not a recent swing.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
SE's return on equity has been more volatile than MA's over the 7 comparable fiscal years — 50.8 percentage points of standard deviation against 48.4.
7 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
MA led in return on equity in every one of the 7 comparable fiscal years — a structural lead, not a recent swing.
7 of 19 comparable fiscal years — a year missing data on either side is not counted.