Qwest vs Tencent Music Entertainment
Qwest and Tencent Music Entertainment are similar in size: $4.75bn and $4.58bn of revenue in their latest fiscal years. Tencent Music Entertainment grew faster (16.0% against -13.8%). Tencent Music Entertainment kept more of each dollar of sales as profit: a net margin of 33.6% against -27.9%. Tencent Music Entertainment carries less debt relative to equity (0.0% against 15.9%).
| Latest fiscal year | QwestCTGG, 2025 | Tencent Music EntertainmentTME, 2025 |
|---|---|---|
| Revenue | $4.75bn | $4.58bn |
| Revenue growth | -13.8% | 16.0% |
| Net income | −$1.33bn | $1.54bn |
| Operating margin | -21.3% | 40.6% |
| Net margin | -27.9% | 33.6% |
| Return on equity | -11.5% | 14.8% |
| Free cash flow | $938m | $1.38bn |
| Cash | $39.0m | $1.21bn |
| Total debt | $1.74bn | $0 |
| Debt to equity | 15.9% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $54.3m |
| Employees | 9,100 | — |
| Market value | $14 | $13.97bn |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 82 (Strong) | — |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |