FIRY vs GDEV vs NTES Stock Comparison

Firy, Gdev and NetEase Prices as of Oct 26, 2026 Peers: Industry group
FIRY Firy Inc.
$11.40 -8.7% 1M +50.0% 1Y
Market cap
$186.70M
P/E
–
Revenue (TTM)
$117.48M
Div. yield
–
Video Games Technology
2 wins
GDEV GDEV Inc.
$9.71 -10.9% 1M -60.3% 1Y
Market cap
$182.22M
P/E
2.4x
Revenue (TTM)
$380.57M
Div. yield
–
Video Games Technology
2 wins
NTES NetEase, Inc.
$118.32 +2.5% 1M -19.4% 1Y
Market cap
$72.71B
P/E
16.3x
Revenue (TTM)
$16.70B
Div. yield
–
Video Games Technology
6 wins

Head to Head

10 decided of 12

NetEase leads on 6 of the 12 questions below (NetEase 6, Gdev 2, Firy 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFIRYGDEVNTESLeader
Larger companyMarket capitalisation $186.70M $182.22M $72.71B NTES
Cheaper on earningsLower P/E, profitable companies only -2.6x 2.4x 16.3x GDEV
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — 12.4x –
Faster revenue growthRevenue growth, trailing twelve months +31.3% -10.6% +9.8% FIRY
More profitableNet margin, trailing twelve months -60.2% 19.7% 26.6% NTES
Better return on capitalReturn on invested capital -28.3% — 22.7% NTES
Less leveragedLower net debt / EBITDA 0.6x — -1.4x NTES
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +50.0% -60.3% -19.4% FIRY
Better 5-year returnAnnualised price return, 5 years -44.8%/yr -36.0%/yr +3.4%/yr NTES
Less volatileAnnualised volatility, 1 year 164.2% 88.8% 33.1% NTES
Higher overall scoreMean of the five percentile scores vs peers 27/100 67/100 64/100 GDEV

Percentile Scorecard

FIRYGDEVNTES

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisFIRYGDEVNTES
Valuation 13 #145 of 167 99 #2 of 167 57 #72 of 167
Growth 47 #82 of 153 71 #45 of 153 45 #84 of 153
Profitability 13 #133 of 153 76 #37 of 153 95 #8 of 153
Financial Health 25 #135 of 179 22 #140 of 179 85 #27 of 179
Shareholder Returns 39 #58 of 94 – 34 #62 of 94
Overall 27 67 64
  • FIRY ranked among 185 companies in Internet Platforms
  • GDEV ranked among 185 companies in Internet Platforms
  • NTES ranked among 185 companies in Internet Platforms

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodFIRYGDEVNTESSPY
1 month -8.7%-10.9%+2.5% -0.8%
3 months +36.0%-19.1%-4.4% +3.5%
6 months +79.2%-41.8%+6.3% +7.0%
Year to date +164.5%-35.3%-14.0% +12.2%
1 year +50.0%-60.3%-19.4% +13.0%
3 years +144.6%-57.6%+10.8% +86.3%
3 years, per year +34.8%-24.9%+3.5% +23.1%
5 years -94.9%-89.3%+17.9% +68.6%
5 years, per year -44.8%-36.0%+3.4% +11.0%
10 years ——+122.6% +258.0%
10 years, per year ——+8.3% +13.6%

Risk

MeasureFIRYGDEVNTESSPY
Volatility, 1Y 164.2%88.8%33.1% 12.7%
Downside volatility, 1Y 99.2%84.6%32.6% 12.7%
Beta vs S&P 500, 1Y 1.690.190.50 1.00
Return / volatility, 1Y 0.30-0.68-0.58 1.02
Max drawdown, 5Y -99.1%-89.6%-52.0% -25.4%
From 52-week high -13.4%-60.7%-19.8% -1.8%
52-week high $13.16$24.71$147.56 $779.14
52-week low $2.28$9.57$109.26 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleFIRYGDEVNTES
P/E now vs peer median -2.6xmedian 17.5x 2.3xmedian 17.5x 16.9xmedian 17.5x
P/S now vs peer median 1.6xmedian 1.4x 0.5xmedian 1.4x 4.5xmedian 1.4x
EV/EBITDA now vs peer median -2.6xmedian 14.5x 1.2xmedian 14.5x 10.7xmedian 14.5x
P/FCF now vs peer median -3.1xmedian 12.1x 3.7xmedian 12.1x 10.1xmedian 12.1x
P/B now vs peer median 2.2xmedian 1.7x -3.4xmedian 1.7x 3.1xmedian 1.7x
PEG now vs peer median -0.08median 0.41 0.04median 0.41 2.36median 0.41

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsFIRYGDEVNTES
Revenue $117.48M $380.57M $16.70B
Gross profit $103.11M – $11.22B
Operating income -$62.78M $75.99M $5.90B
Net income -$70.76M $74.94M $4.75B
Free cash flow -$61.48M $48.00M $7.46B
R&D $22.91M – $2.59B
EPS (diluted) $-4.40 $4.07 $6.91
Cash & equivalents $163.99M $78.24M $3.36B
Total debt $128.65M – $5.39B
Shares (diluted) 16.07M 18.40M 643.63M
Enterprise value -$569.00M -$111.54M $30.96B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricFIRYGDEVNTES
P/E -2.6x 2.3x 16.9x
P/FCF -3.1x 3.7x 10.1x
P/Operating cash flow -3.0x 3.7x 10.3x
P/S 1.6x 0.5x 4.5x
P/B 2.2x -3.4x 3.1x
P/Tangible book 2.2x -3.4x 3.1x
EV/EBITDA -2.6x 1.2x 10.7x
EV/EBIT -2.4x 1.2x 11.3x
EV/Revenue 1.3x 0.3x 4.0x
EV/FCF -2.5x 2.0x 8.9x
EV/Operating cash flow -2.5x 2.0x 9.1x
PEG (3Y EPS CAGR) -0.08 0.04 2.36

Growth

14 metrics
MetricFIRYGDEVNTES
Revenue growth (1Y) 31.3% -10.6% 9.8%
Revenue CAGR (3Y) -14.9% -6.2% 5.5%
Gross profit growth (1Y) 34.5% – 16.9%
Gross profit CAGR (3Y) -15.3% – 11.5%
Operating income growth (1Y) 18.1% 7.9% 23.6%
Operating income CAGR (3Y) 39.4% 41.7% 22.2%
Net income growth (1Y) 12.8% 43.7% -2.8%
Net income CAGR (3Y) 36.7% 61.6% 9.2%
EPS growth (1Y) 16.0% 23.9% -4.7%
EPS CAGR (3Y) 30.8% 63.3% 7.2%
Operating cash flow growth (1Y) 0.6% 276.1% 13.9%
Operating cash flow CAGR (3Y) 6.5% – 19.3%
Free cash flow growth (1Y) 3.7% 276.1% 12.3%
Free cash flow CAGR (3Y) 11.5% – 17.2%

Profitability

14 metrics
MetricFIRYGDEVNTES
Gross margin 87.8% – 67.2%
EBITDA margin -49.3% 22.2% 37.2%
Operating margin -53.4% 20.0% 35.3%
Pretax margin -60.0% 21.2% 34.9%
Net margin -60.2% 19.7% 26.6%
FCF margin -52.3% 12.6% 44.7%
Operating cash flow margin -52.6% 12.6% 44.0%
Return on equity -75.8% – 19.6%
Return on assets -25.3% – 14.0%
Return on invested capital -28.3% – 22.7%
Return on capital employed -65.6% – 23.0%
Asset turnover 0.4x – 0.5x
Cash conversion (OCF / net income) 0.9x 0.6x 1.5x
Stock comp / revenue 16.5% – 2.7%

Financial Health

11 metrics
MetricFIRYGDEVNTES
Debt / assets 47.3% – 5.4%
Debt / equity 1.5x – 0.1x
Net debt / EBITDA 0.6x – -1.4x
Debt / FCF -2.1x – 0.2x
Liabilities / assets 68.9% 121.5% 28.0%
Equity / assets 31.1% -21.5% 72.0%
Interest coverage – 6.9x –
Current ratio 1.0x 0.7x 3.5x
Quick ratio 1.0x 0.6x 1.4x
Cash ratio 0.9x 0.4x 1.3x
Altman Z-score -5.51 1.58 7.44

Shareholder Returns

7 metrics
MetricFIRYGDEVNTES
Dividend yield – – 2.5%
Net buyback yield 0.8% – 0.0%
Shareholder yield 0.8% 0.0% 2.5%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusFIRYGDEVNTES
Forward P/E – – 12.4xFY2026
EPS, next fiscal year $-4.45FY2026 – $9.56FY2026
EPS growth, next FY – – +15.3%FY2026
EPS growth, the year after – – +7.2%
Revenue, next fiscal year $135.35MFY2026 – $17.11BFY2026
Revenue growth, next FY +29.5%FY2026 – +6.3%FY2026
Revenue growth, the year after +2.8% – +7.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFIRYGDEVNTES
Held by institutions 18.4% 2.2% 9.2%
Institutions holding 73 7 458
Change in shares held, QoQ +49.4% -0.6% +1.9%
Institutions buying 31 2 261
Institutions selling 10 3 121
Buyers to sellers 3.10 0.67 2.16

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

FIRYGDEVNTES
FIRY 1.00 0.08 0.04
GDEV 0.08 1.00 0.00
NTES 0.04 0.00 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FIRY, GDEV and NTES?

NetEase (NTES) is the largest by market capitalisation: Firy (FIRY) $186.70M, Gdev (GDEV) $182.22M, NetEase (NTES) $72.71B.

Which stock is cheaper, FIRY, GDEV and NTES?

Gdev (GDEV) trades on the lowest price-to-earnings ratio (Firy (FIRY) -2.6x, Gdev (GDEV) 2.4x, NetEase (NTES) 16.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Firy (FIRY) grew revenue fastest over the trailing twelve months: Firy (FIRY) +31.3%, Gdev (GDEV) -10.6%, NetEase (NTES) +9.8%.

Which company is more profitable?

NetEase (NTES) has the highest net margin (Firy (FIRY) -60.2%, Gdev (GDEV) 19.7%, NetEase (NTES) 26.6%). On return on invested capital, NetEase (NTES) leads (Firy (FIRY) -28.3%, NetEase (NTES) 22.7%).

Which stock has performed better?

Over the past year Firy (FIRY) returned the most: Firy (FIRY) +50.0%, Gdev (GDEV) -60.3%, NetEase (NTES) -19.4%. Over five years, NetEase (NTES) compounded fastest (Firy (FIRY) -44.8%/yr, Gdev (GDEV) -36.0%/yr, NetEase (NTES) +3.4%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, NetEase (NTES) has been the steadiest (Firy (FIRY) 164.2%, Gdev (GDEV) 88.8%, NetEase (NTES) 33.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, FIRY, GDEV and NTES?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, NetEase (NTES) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.