MOMO vs NTES
Hello Group Inc. and NetEase, Inc., side by side — 10 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | MOMO | NTES |
|---|---|---|
| Revenue | CNY 10.4B | CNY 112.6B |
| Net income | CNY 804.0M | CNY 34.8B |
| Gross margin | 37.8% | 64.3% |
| Net margin | 7.8% | 30.9% |
| Return on equity | 7.1% | 23.3% |
| Diluted EPS | CNY 2.37 | CNY 10.48 |
| Dividend / share | · | · |
| Payout ratio | · | 39.7% |
| Free cash flow | CNY 690.6M | CNY 49.7B |
| Equity | · | CNY 160.3B |
| Net debt / equity | −0.48× | · |
| Current ratio | 4.68× | 3.45× |
| Revenue CAGR 5y | −7.2% | 8.9% |
| Profit CAGR 5y | −17.5% | 23.1% |
NTES bills 10.9× the revenue of MOMO, and keeps more of each dollar of revenue as profit (30.9% against 7.8%).
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 | MOMO | NTES |
|---|---|---|
| FY2025 | CNY 10.4B | CNY 112.6B |
| FY2024 | CNY 10.6B | CNY 105.3B |
| FY2023 | CNY 12.0B | CNY 103.5B |
| FY2022 | CNY 12.7B | CNY 96.5B |
| FY2021 | CNY 14.6B | CNY 87.6B |
| FY2020 | CNY 15.0B | CNY 73.7B |
| FY2019 | CNY 17.0B | CNY 59.2B |
| FY2018 | CNY 13.4B | CNY 51.2B |
| FY2017 | CNY 8.9B | CNY 44.4B |
| FY2016 | CNY 3.7B | CNY 38.2B |
Bottom line
| Fiscal year | MOMO | NTES |
|---|---|---|
| FY2025 | CNY 804.0M | CNY 34.8B |
| FY2024 | CNY 1.0B | CNY 30.3B |
| FY2023 | CNY 2.0B | CNY 29.4B |
| FY2022 | CNY 1.5B | CNY 19.8B |
| FY2021 | CNY -2.9B | CNY 17.0B |
| FY2020 | CNY 2.1B | CNY 12.3B |
| FY2019 | CNY 3.0B | CNY 21.4B |
| FY2018 | CNY 2.8B | CNY 6.5B |
| FY2017 | CNY 2.1B | CNY 10.8B |
| FY2016 | CNY 979.0M | CNY 11.8B |
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −CNY 102,258,711,000 | NTES |
| FY2024 | −CNY 94,732,265,000 | NTES |
| FY2023 | −CNY 91,465,836,000 | NTES |
| FY2022 | −CNY 83,791,637,000 | NTES |
| FY2021 | −CNY 73,030,307,000 | NTES |
| FY2020 | −CNY 58,642,945,000 | NTES |
| FY2019 | −CNY 42,226,056,000 | NTES |
| FY2018 | −CNY 37,770,154,000 | NTES |
| FY2017 | −CNY 35,550,965,000 | NTES |
| FY2016 | −CNY 34,471,486,000 | NTES |
NTES has reported the higher revenue in every one of these 10 fiscal years. The gap has widened since the earliest year compared.
10 of 18 comparable fiscal years — a year missing data on either side is not counted.
13 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −23.1 pp | NTES |
| FY2024 | −18.9 pp | NTES |
| FY2023 | −12.1 pp | NTES |
| FY2022 | −8.9 pp | NTES |
| FY2021 | −39.5 pp | NTES |
| FY2020 | −2.8 pp | NTES |
| FY2019 | −18.8 pp | NTES |
| FY2018 | +8.1 pp | MOMO |
| FY2017 | −0.3 pp | NTES |
| FY2016 | −4.5 pp | NTES |
| FY2015 | −18.3 pp | NTES |
| FY2014 | −105.6 pp | NTES |
| FY2013 | −386.2 pp | NTES |
The higher net margin has changed hands between MOMO and NTES over this period.
13 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MOMO's net margin has been more volatile than NTES's over the 13 comparable fiscal years — 95.3 percentage points of standard deviation against 9.1.
13 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between MOMO and NTES over these 13 fiscal years — MOMO led in 1 and NTES in 12.
13 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MOMO's return on equity has been more volatile than NTES's over the 11 comparable fiscal years — 82.3 percentage points of standard deviation against 7.1.
11 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between MOMO and NTES over these 11 fiscal years — MOMO led in 3 and NTES in 8.
11 of 18 comparable fiscal years — a year missing data on either side is not counted.