MOMO vs NTES
Hello Group 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 | 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 | — | 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 | — | — |
| 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.
Revenue by year
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 |
Net income by year
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 |
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