NetEase, Inc. NTES NASDAQ

NetEase, Inc. (NTES) generated $14.47B in operating cash flow for quarter ending 2025-12-31. After capital expenditures of $135.84M, free cash flow was $14.34B.

Free cash flow margin was 52% of revenue. Cash conversion ratio was 2.35x, indicating earnings are backed by cash.

The company returned $2.53B in dividends and $16.3M in share buybacks to shareholders during the quarter.

Criteria supported by this page:

• HEALTH (100/100, Pass) — demonstrate the company can comfortably service its debt
• MOAT (88/100, Pass) — $14.34B (52% margin) supports a durable competitive advantage
• INCOME (100/100) — Cash conversion ratio was 2.35x confirms earnings are backed by real cash flow

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