SE vs V
Sea Ltd. and Visa Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | SE | V |
|---|---|---|
| Revenue | $22.9B | $40.0B |
| Net income | $1.6B | $20.1B |
| Gross margin | 44.7% | · |
| Net margin | 7.0% | 50.1% |
| Return on equity | 15.1% | 52.1% |
| Diluted EPS | $2.52 | · |
| Dividend / share | · | $0.59 |
| Payout ratio | · | 23.1% |
| Free cash flow | $4.5B | $21.6B |
| Equity | $12.5B | · |
| Net debt / equity | · | 0.21× |
| Current ratio | 1.58× | 1.08× |
| Revenue CAGR 5y | 39.3% | 12.9% |
| Profit CAGR 5y | · | 13.0% |
V bills 1.7× the revenue of SE, and keeps more of each dollar of revenue as profit (50.1% 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 | SE | V |
|---|---|---|
| FY2025 | $22.9B | $40.0B |
| FY2024 | $16.8B | $35.9B |
| FY2023 | $13.1B | $32.7B |
| FY2022 | $12.4B | $29.3B |
| FY2021 | $10.0B | $24.1B |
| FY2020 | $4.4B | $21.8B |
| FY2019 | $2.2B | $23.0B |
| FY2018 | $827.0M | $20.6B |
| FY2017 | $414.2M | $18.4B |
| FY2016 | $345.7M | $15.1B |
Bottom line
| Fiscal year | SE | V |
|---|---|---|
| FY2025 | $1.6B | $20.1B |
| FY2024 | $444.3M | $19.7B |
| FY2023 | $150.7M | $17.3B |
| FY2022 | $-1.7B | $15.0B |
| FY2021 | $-2.0B | $12.3B |
| FY2020 | $-1.6B | $10.9B |
| FY2019 | $-1.5B | $12.1B |
| FY2018 | $-961.2M | $10.3B |
| FY2017 | $-560.5M | $6.7B |
| FY2016 | $-222.9M | $6.0B |
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$17,061,531,000 | V |
| FY2024 | −$19,106,134,000 | V |
| FY2023 | −$19,589,440,000 | V |
| FY2022 | −$16,860,295,000 | V |
| FY2021 | −$14,149,810,000 | V |
| FY2020 | −$17,470,336,000 | V |
| FY2019 | −$20,801,622,000 | V |
| FY2018 | −$19,782,032,000 | V |
| FY2017 | −$17,943,810,000 | V |
| FY2016 | −$14,736,330,000 | V |
| FY2015 | −$13,587,876,000 | V |
V 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 | −43.1 pp | V |
| FY2024 | −52.3 pp | V |
| FY2023 | −51.7 pp | V |
| FY2022 | −64.3 pp | V |
| FY2021 | −71.6 pp | V |
| FY2020 | −86.9 pp | V |
| FY2019 | −119.6 pp | V |
| FY2018 | −166.2 pp | V |
| FY2017 | −172.0 pp | V |
| FY2016 | −104.8 pp | V |
| FY2015 | −82.3 pp | V |
V 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 V's over the 11 comparable fiscal years — 45.7 percentage points of standard deviation against 5.5.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
V 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 V's over the 7 comparable fiscal years — 50.8 percentage points of standard deviation against 10.4.
7 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
V led in return on equity in every one of the 7 comparable fiscal years — a structural lead, not a recent swing.
7 of 17 comparable fiscal years — a year missing data on either side is not counted.