Netease vs Roblox
Netease is the larger business, with $15.67bn of revenue in fiscal 2025 against $4.89bn for Roblox (3.2 times as much). Roblox grew faster (35.8% against 7.1%). Netease kept more of each dollar of sales as profit: a net margin of 30.0% against -21.8%.
| Latest fiscal year | NeteaseNTES, 2025 | RobloxRBLX, 2025 |
|---|---|---|
| Revenue | $15.67bn | $4.89bn |
| Revenue growth | 7.1% | 35.8% |
| Net income | $4.70bn | −$1.07bn |
| Operating margin | 31.8% | -25.2% |
| Net margin | 30.0% | -21.8% |
| Return on equity | 22.4% | — |
| Free cash flow | $6.91bn | $1.36bn |
| Cash | $6.74bn | $1.21bn |
| Total debt | — | $1.19bn |
| Debt to equity | — | 301.9% |
| Dividend per share | — | — |
| Dividend yield | 2.6% | — |
| Share buybacks | — | — |
| Employees | — | 3,065 |
| Market value | $74.25bn | $32.29bn |
| Price vs our value range | Below our value range | Above our value range |
| Moat score | 86 (Strong) | 65 (Moderate) |
| Insider trades, 12 months | 0 buys, 2 sales | 0 buys, 187 sales |