NetEase, Inc. NTES NASDAQ

NetEase, Inc. (NTES) generated $49.36B in operating cash flow for fiscal year 2025. After capital expenditures of $1.04B, free cash flow was $48.32B.

Free cash flow margin was 42.9% of revenue. Cash conversion ratio was 1.5x, indicating earnings are backed by cash.

The company returned $13.45B in dividends and $621.92M in share buybacks to shareholders during the period.

Criteria supported by this page:

• HEALTH (100/100, Pass) — demonstrate the company can comfortably service its debt
• MOAT (88/100, Pass) — $48.32B (42.9% FCF margin) supports a durable competitive advantage
• INCOME (100/100) — Cash conversion ratio was 1.5x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 91/100 with 7/7 criteria passed.