TME vs IQ vs CURI Stock Comparison

Tencent Music Entertainment, iQIYI and CuriosityStream Prices as of Oct 23, 2026 Peers: Industry group
IQ iQIYI, Inc.
$0.92 -8.9% 1M -58.2% 1Y
Market cap
$380.22M
P/E
–
Revenue (TTM)
$3.71B
Div. yield
–
Streaming Technology
CURI CuriosityStream Inc.
$2.85 -1.0% 1M -35.8% 1Y
Market cap
$164.55M
P/E
77.0x
Revenue (TTM)
$79.81M
Div. yield
–
Streaming Technology
1 win

Head to Head

10 decided of 12

Tencent Music Entertainment leads on 9 of the 12 questions below (Tencent Music Entertainment 9, CuriosityStream 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionTMEIQCURILeader
Larger companyMarket capitalisation $13.01B $380.22M $164.55M TME
Cheaper on earningsLower P/E, profitable companies only 10.2x -3.2x 77.0x TME
Cheaper on forward earningsLower price / next fiscal year consensus EPS 9.6x — 15.0x TME
Faster revenue growthRevenue growth, trailing twelve months +200.4% -3.2% +31.2% TME
More profitableNet margin, trailing twelve months 835.7% -3.2% 2.7% TME
Better return on capitalReturn on invested capital 12.8% -0.8% — TME
Less leveragedLower net debt / EBITDA -2.3x — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -62.7% -58.2% -35.8% CURI
Better 5-year returnAnnualised price return, 5 years +0.0%/yr -37.4%/yr -22.8%/yr TME
Less volatileAnnualised volatility, 1 year 49.5% 50.6% 76.3% TME
Higher overall scoreMean of the five percentile scores vs peers 67/100 30/100 59/100 TME

Percentile Scorecard

TMEIQCURI

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

AxisTMEIQCURI
Valuation 77 #39 of 167 67 #56 of 167 34 #111 of 167
Growth 53 #72 of 153 1 #151 of 153 90 #17 of 153
Profitability 86 #23 of 153 32 #105 of 153 59 #63 of 153
Financial Health 78 #41 of 179 19 #145 of 179 24 #136 of 179
Shareholder Returns 41 #56 of 94 – 89 #11 of 94
Overall 67 30 59
  • TME ranked among 185 companies in Internet Platforms
  • IQ ranked among 185 companies in Internet Platforms
  • CURI ranked among 185 companies in Internet Platforms

Price Performance

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

Returns

PeriodTMEIQCURISPY
1 month +3.5%-8.9%-1.0% -1.0%
3 months -4.0%-24.6%+21.3% +2.9%
6 months -8.9%-21.4%-15.2% +6.4%
Year to date -51.5%-52.1%-25.0% +11.4%
1 year -62.7%-58.2%-35.8% +13.1%
3 years +19.2%-80.8%+380.4% +79.4%
3 years, per year +6.0%-42.3%+68.8% +21.5%
5 years +0.2%-90.4%-72.5% +67.7%
5 years, per year +0.0%-37.4%-22.8% +10.9%

Risk

MeasureTMEIQCURISPY
Volatility, 1Y 49.5%50.6%76.3% 12.7%
Downside volatility, 1Y 58.8%52.5%72.8% 12.7%
Beta vs S&P 500, 1Y 0.891.291.38 1.00
Return / volatility, 1Y -1.27-1.15-0.47 1.03
Max drawdown, 5Y -70.6%-90.9%-95.7% -25.4%
From 52-week high -64.1%-60.9%-42.0% -2.5%
52-week high $23.71$2.35$4.91 $779.14
52-week low $7.74$0.86$2.35 $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.

MultipleTMEIQCURI
P/E now vs peer median 10.2xmedian 17.5x -3.3xmedian 17.5x 79.0xmedian 17.5x
P/S now vs peer median 87.7xmedian 1.4x 0.2xmedian 1.4x 2.1xmedian 1.4x
EV/EBITDA now vs peer median 4.7xmedian 14.9x —median 14.9x —median 14.9x
P/FCF now vs peer median 8.3xmedian 11.2x 13.4xmedian 11.2x —median 11.2x
P/B now vs peer median 1.2xmedian 1.7x 0.5xmedian 1.7x 4.1xmedian 1.7x
PEG now vs peer median 0.44median 0.42 0.09median 0.42 2.92median 0.42

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 monthsTMEIQCURI
Revenue $152.71M $3.71B $79.81M
Gross profit $2.15B $665.38M $49.47M
Operating income $1.61B -$57.57M $1.80M
Net income $1.31B -$89.99M $2.14M
Free cash flow $1.61B $66.12M –
R&D – $233.12M –
EPS (diluted) $0.82 $-0.05 $0.04
Cash & equivalents $3.49B $471.90M –
Total debt $1.93B $3.74B –
Shares (diluted) 1.55B 2.36B 60.61M
Enterprise value -$9.72B -$1.99B $112.22M

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
MetricTMEIQCURI
P/E 10.2x -3.3x 79.0x
P/FCF 8.3x 13.4x –
P/Operating cash flow 8.3x 19.3x –
P/S 87.7x 0.2x 2.1x
P/B 1.2x 0.5x 4.1x
P/Tangible book 1.3x 0.5x 4.1x
EV/EBITDA 4.7x – –
EV/EBIT 5.6x -23.0x 92.9x
EV/Revenue 59.1x 0.4x 2.1x
EV/FCF 5.6x 20.0x –
EV/Operating cash flow 5.6x 28.8x –
PEG (3Y EPS CAGR) 0.44 0.09 2.92

Growth

14 metrics
MetricTMEIQCURI
Revenue growth (1Y) 200.4% -3.2% 31.2%
Revenue CAGR (3Y) 5.2% -6.2% 7.3%
Gross profit growth (1Y) 17.2% -24.2% 53.2%
Gross profit CAGR (3Y) 15.7% -18.0% 37.8%
Operating income growth (1Y) -6.1% -150.6% 127.3%
Operating income CAGR (3Y) 26.1% -29.2% 27.0%
Net income growth (1Y) -10.7% -239.9% 144.8%
Net income CAGR (3Y) 23.6% -39.2% 27.2%
EPS growth (1Y) -9.3% -1,091% 142.5%
EPS CAGR (3Y) 23.2% -39.0% 27.1%
Operating cash flow growth (1Y) 31.8% -69.5% –
Operating cash flow CAGR (3Y) 13.5% -52.2% –
Free cash flow growth (1Y) 31.8% -57.7% –
Free cash flow CAGR (3Y) 13.5% -46.4% –

Profitability

14 metrics
MetricTMEIQCURI
Gross margin 1,408% 17.9% 62.0%
EBITDA margin 1,262% – –
Operating margin 1,052% -1.6% 2.3%
Pretax margin 1,042% -2.1% 3.2%
Net margin 835.7% -3.2% 2.7%
FCF margin 1,054% 1.8% –
Operating cash flow margin 1,054% 1.2% –
Return on equity 11.6% -4.8% 5.4%
Return on assets 8.3% -1.3% 3.1%
Return on invested capital 12.8% -0.8% –
Return on capital employed 12.9% -1.6% 3.5%
Asset turnover 0.0x 0.6x 1.1x
Cash conversion (OCF / net income) 1.2x -0.5x –
Stock comp / revenue – – –

Financial Health

11 metrics
MetricTMEIQCURI
Debt / assets 11.2% 15.6% –
Debt / equity 0.2x 0.6x –
Net debt / EBITDA -2.3x – –
Debt / FCF 1.2x 15.8x –
Liabilities / assets 33.1% 72.3% 38.5%
Equity / assets 66.9% 27.7% 61.5%
Interest coverage 79.1x -0.5x –
Current ratio 1.7x 0.4x 0.8x
Quick ratio 2.1x 0.3x 0.4x
Cash ratio 1.9x 0.2x 0.1x
Altman Z-score 2.27 -1.05 -1.95

Shareholder Returns

7 metrics
MetricTMEIQCURI
Dividend yield 2.8% – 11.9%
Net buyback yield – – –
Shareholder yield 2.8% – 11.9%
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.

ConsensusTMEIQCURI
Forward P/E 9.6xFY2026 – 15.0xFY2026
EPS, next fiscal year $0.89FY2026 $-0.07FY2026 $0.19FY2026
EPS growth, next FY -12.7%FY2026 -275.0%FY2026 –
EPS growth, the year after 0.0% – +26.3%
Revenue, next fiscal year $5.48BFY2026 $3.54BFY2026 $81.18MFY2026
Revenue growth, next FY +16.7%FY2026 -9.3%FY2026 +13.3%FY2026
Revenue growth, the year after -2.8% +3.7% +16.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersTMEIQCURI
Held by institutions 27.5% 26.0% 31.0%
Institutions holding 312 128 100
Change in shares held, QoQ +1.6% -5.6% -2.2%
Institutions buying 172 57 51
Institutions selling 99 40 32
Buyers to sellers 1.74 1.43 1.59

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.

TMEIQCURI
TME 1.00 0.18 0.15
IQ 0.18 1.00 0.15
CURI 0.15 0.15 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, TME, IQ and CURI?

Tencent Music Entertainment (TME) is the largest by market capitalisation: Tencent Music Entertainment (TME) $13.01B, iQIYI (IQ) $380.22M, CuriosityStream (CURI) $164.55M.

Which stock is cheaper, TME, IQ and CURI?

Tencent Music Entertainment (TME) trades on the lowest price-to-earnings ratio (Tencent Music Entertainment (TME) 10.2x, iQIYI (IQ) -3.2x, CuriosityStream (CURI) 77.0x). On next year's consensus earnings, Tencent Music Entertainment (TME) is cheapest (Tencent Music Entertainment (TME) 9.6x, CuriosityStream (CURI) 15.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Tencent Music Entertainment (TME) grew revenue fastest over the trailing twelve months: Tencent Music Entertainment (TME) +200.4%, iQIYI (IQ) -3.2%, CuriosityStream (CURI) +31.2%.

Which company is more profitable?

Tencent Music Entertainment (TME) has the highest net margin (Tencent Music Entertainment (TME) 835.7%, iQIYI (IQ) -3.2%, CuriosityStream (CURI) 2.7%). On return on invested capital, Tencent Music Entertainment (TME) leads (Tencent Music Entertainment (TME) 12.8%, iQIYI (IQ) -0.8%).

Which stock has performed better?

Over the past year CuriosityStream (CURI) returned the most: Tencent Music Entertainment (TME) -62.7%, iQIYI (IQ) -58.2%, CuriosityStream (CURI) -35.8%. Over five years, Tencent Music Entertainment (TME) compounded fastest (Tencent Music Entertainment (TME) +0.0%/yr, iQIYI (IQ) -37.4%/yr, CuriosityStream (CURI) -22.8%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Tencent Music Entertainment (TME) has been the steadiest (Tencent Music Entertainment (TME) 49.5%, iQIYI (IQ) 50.6%, CuriosityStream (CURI) 76.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, TME, IQ and CURI?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Tencent Music Entertainment (TME) leads on 9. 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.