MELI vs SE
Mercadolibre Inc. and Sea Ltd., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | MELI | SE |
|---|---|---|
| Revenue | $28.9B | $22.9B |
| Net income | $2.0B | $1.6B |
| Gross margin | 47.4% | 44.7% |
| Net margin | 7.4% | 7.0% |
| Return on equity | 36.0% | 15.1% |
| Diluted EPS | $39.40 | $2.52 |
| Dividend / share | — | — |
| Payout ratio | — | — |
| Free cash flow | $10.8B | $4.5B |
| Equity | $6.7B | $12.5B |
| Net debt / equity | 0.82× | — |
| Current ratio | 1.17× | 1.58× |
| Revenue CAGR 5y | 48.7% | 39.3% |
| Profit CAGR 5y | — | — |
MELI bills 1.3× the revenue of SE, and keeps more of each dollar of revenue as profit (7.4% 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.
Revenue by year
10 years side by side
| Fiscal year | MELI | SE |
|---|---|---|
| FY2025 | $28.9B | $22.9B |
| FY2024 | $20.8B | $16.8B |
| FY2023 | $15.1B | $13.1B |
| FY2022 | $10.8B | $12.4B |
| FY2021 | $7.1B | $10.0B |
| FY2020 | $4.0B | $4.4B |
| FY2019 | $2.3B | $2.2B |
| FY2018 | $1.4B | $827.0M |
| FY2017 | $1.2B | $414.2M |
| FY2016 | $844.4M | $345.7M |
Net income by year
Bottom line
| Fiscal year | MELI | SE |
|---|---|---|
| FY2025 | $2.0B | $1.6B |
| FY2024 | $1.9B | $444.3M |
| FY2023 | $987.0M | $150.7M |
| FY2022 | $482.0M | $-1.7B |
| FY2021 | $83.0M | $-2.0B |
| FY2020 | $-1.0M | $-1.6B |
| FY2019 | $-172.0M | $-1.5B |
| FY2018 | $-36.6M | $-961.2M |
| FY2017 | $13.8M | $-560.5M |
| FY2016 | $136.4M | $-222.9M |